Varicent vs Xactly Incent

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Our analysts compared Varicent vs Xactly Incent based on data from our 400+ point analysis of Compensation Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Varicent Software Tool
Xactly Incent Software Tool

Product Basics

Varicent is a software provider that helps industries boost productivity and workforce motivation through incentives and sales performance management. It has an experienced team and preeminent partners that enable organizations to improve performance and drive profitability. The company mainly offers two resources — Diversity and Gender pay apps and a scholarship program called E.D.G.E.

It provides automating calculations, analyzing incentive compensation plans, managing sales territory assignments, accessing real-time performance dashboards, handling transaction inquiries, establishing a workflow for collaboration and making evidence-based decisions. The offerings are also categorized based on the need, role and services for ease of access.
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Xactly Incent is a revenue intelligence system that helps organizations plan and organise their revenue operations. It helps capture and track critical data to avoid errors and forecast inaccuracy. It has acquired TopOPPs and set a standard for artificial intelligence. It helps users take control of their data. It works in collaboration with Vista Equity partners for growth and innovation.

Its offerings are based on industry, needs and business size. It also offers strategic sales planning and revenue performance analytics besides incentives management.
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$56/User, Monthly
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$60/User, Monthly
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Product Assistance

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Product Insights

  • Automate Calculations: Configure and schedule data imports to access transactions, products, customers and other data whenever needed. Schedule automated calculations to keep dashboards and reports updated and provide visibility to the sales team. Save money by reducing or eliminating under and overpayments. 
  • Streamline Sales Operations: Assign sales team quotas and optimally allocate the financial objectives to all sales channels and resources using the quota program. Effectively allot and communicate job expectations, planning and monitoring for better workflow and increased productivity. Plan and review payment actions and enforce policies around crediting eligibility. 
  • Identify Opportunities: Align corporate goals with sales methodologies and ensure sales efficiency. Predict future sales and direct the team accurately to meet the required quotas. Stay ahead of the competitors by discovering new opportunities via data recovery and augmented intelligence. 
  • Analyze Compensation Plans: Highlight and avoid abnormal results by tracking the outliers in the sales incentive compensation plans. View reports and compare the corporate strategy with the payout plan measures to ensure efficiency. Create model scenarios and check their effect on sales performance and payouts. 
  • Manage Sales Assignments: Manage sales assignments and quota targets by rep, account, product, geographic location or any other attribute. Create territory crediting rules to credit the right people and encourage fairness at work. Avoid missing market opportunities by identifying and realigning sales territory coverage gaps. 
  • Establish Workflows: Configure simple or complex workflows and routing processes. Automate payout calculations and quota relief to follow a routing process that requires review and approval by sales and finance leaders. Communicate compensation plans properly via a multi-level workflow and routing process. 
  • Track and Monitor Sales Performance: Manage all end-to-end processes using the integrated platform. Plan territories and quotas, improve revenue operations and pay sellers on time using the SPM solutions suite. 
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  • Increased Accuracy: Automates complex compensation calculations, reducing the risk of human error and ensuring precise payouts.
  • Enhanced Transparency: Provides clear visibility into compensation plans and performance metrics, fostering trust and motivation among employees.
  • Improved Compliance: Ensures adherence to regulatory requirements and internal policies, minimizing the risk of legal issues and fines.
  • Boosted Productivity: Streamlines administrative tasks, allowing sales and finance teams to focus on strategic activities rather than manual data entry.
  • Data-Driven Insights: Offers robust analytics and reporting tools to identify trends, optimize compensation plans, and drive better business decisions.
  • Scalability: Adapts to the growing needs of your organization, whether you are a small business or a large enterprise, without compromising performance.
  • Enhanced Employee Motivation: Aligns compensation with performance, incentivizing employees to achieve their targets and contribute to company goals.
  • Cost Efficiency: Reduces administrative overhead and errors, leading to significant cost savings over time.
  • Customizable Plans: Allows for the creation of tailored compensation plans that meet the unique needs of different roles and departments.
  • Real-Time Updates: Provides instant updates on performance and compensation, enabling timely adjustments and informed decision-making.
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  • Revenue Intelligence: Leverage revenue insights from marketing sources to improve forecasting accuracy and sales pipeline management. 
  • Real-Time Performance Dashboards: Create reports and dashboards for monitoring KPIs and staying consistent with business goals and objectives. Explore data patterns using augmented intelligence and get access to hidden insights and opportunities. 
  • Territory and Quota Planning: Assign and manage territory assignments and quota targets based on accounts, products, location or other attributes to minimize coverage gaps. 
  • Symon.ai: Enhance sales performance management with AI using symon.ai. Eliminate the need for data scientists by implementing flexible machine learning. 
  • Integrations: Integrate with other solutions to centralize data and align business processes. Connect to systems like CRM, HRIS, BI and more. Extract, transform and load data from other enterprise solutions using the Data Import Wizard. Save time and eliminate data entry errors by scheduling and automating data imports from external systems. 
  • Compensation Administration: Optimize incentive payout plans aligned with corporate strategies and objectives to motivate the sales team. 
  • Augmented Intelligence: Leverage artificial intelligence and natural language processing to automate responses to salesperson questions. Guide salespeople to their plan agreements and avoid confusion. Check the model regularly to prevent inaccurate compensation for specific sales transactions. 
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  • Automated: Integrate with other systems as needed and automate processes to be time-efficient and avoid errors. 
  • Collaborative: Improve collaboration between different operational teams, including sales ops, accounting and finance via an integrated solution for managing compensation and commission expenses. 
  • Decision-Making: Make informed decisions and align plans with business objectives based on in-depth data insights. 
  • Continuous Updates: Proactively monitor and continuously update the sales compensation plan to match with business needs. 
  • SimplyComp: Leverage the incentive management system for growing companies to implement commission and payout plans using industry best practices and templates. 
    • Scalable: Process large amounts of data in a single run to boost productivity. 
    • Spreadsheet Like: Use just like Excel spreadsheets for inputting data. 
    • Built-In Payment Templates: Leverage templates to create payment plans and reduce the time spent on them. 
    • Globalized: Work with currencies from across the world in SimplyComp that supports multiple languages, including English, French, German, Spanish and Italian. 
  • Commission Expense Accounting: Leverage the complete expense management system for the following: 
    • Dynamic True-Ups: Automate data updates whenever changes affect contract adjustment, employee status and more. Trigger automatic impairments for any changes such as start and end dates or the benefit period. 
    • Expansive Reporting Library: Leverage pre-built, automated reports and dashboards to gain a holistic view of commission expenses. 
    • Integrated Workflow and Process Management: Integrate with the existing infrastructure, including CRM, HRIS, CLM and CPQ systems. Manage any number of accounting books and interoperate with downstream accounting ledgers. 
    • Full and Modified Retrospective Approaches: Leverage the end-to-end solution to automate compliances. 
  • Operational Sales Management: Execute sales plans effectively and streamline processes by proactively monitoring people, territories, quotas and credits. Enable smooth collaboration across different departments and manage multiple workflows. Integrate with existing CRM and other enterprise applications to transfer and exchange data. Plan for revenue growth on an account-by-account basis. Develop and deploy top-down, bottom-up, hybrid and overlay planning. 
  • Benchmarking: Compare team performance with company and industry-wide metrics. Include incentive programs to boost performance. Leverage aggregated data and compare elements to identify trends such as role tenure and region. 
  • Sales Planning: Leverage the necessary tools required to plan out strategies. Access real-time dynamic dashboards for continuous optimizations of sales plans. Use AI to enhance decision-making and predict key metrics. 
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Product Ranking

#43

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Compensation Management Software

#57

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Compensation Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Xactly Incent
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Budgeting And Forecasting Compliances Dashboard And Reporting Mobile Capabilities Platform And Security Capabilities Rewards And Recognition Salary And Pay Structure Management Variable Compensation And Incentives Management 64 0 80 41 78 13 64 44 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Great User Sentiment 276 reviews
Great User Sentiment 914 reviews
89%
of users recommend this product

Varicent has a 'great' User Satisfaction Rating of 89% when considering 276 user reviews from 3 recognized software review sites.

85%
of users recommend this product

Xactly Incent has a 'great' User Satisfaction Rating of 85% when considering 914 user reviews from 4 recognized software review sites.

4.5 (120)
4.2 (215)
n/a
4.2 (232)
4.5 (64)
4.5 (185)
4.4 (92)
4.1 (282)

Synopsis of User Ratings and Reviews

Flexible and Customizable: Users appreciate that Varicent can be tailored to their organization's specific compensation processes, such as bonus calculations or merit increases.
User-Friendly Interface: Many users find the system easy to navigate and use, even for those who are not tech-savvy.
Improved Efficiency: Varicent automates many compensation-related tasks, which saves time and reduces errors.
Data Insights: The platform provides robust reporting and analytics features that help organizations make informed compensation decisions.
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Intuitive Incentive Compensation Management: Users praise Xactly Incent for its user-friendly interface, which simplifies complex compensation plan design and administration. They appreciate the platform's ability to automate calculations, track performance, and generate detailed reports, streamlining the entire incentive compensation process.
Improved Data Accuracy and Transparency: Xactly Incent's centralized data management capabilities minimize errors and ensure data consistency. Users highlight the platform's ability to provide real-time visibility into compensation data, fostering trust and transparency between sales representatives and management.
Enhanced Sales Performance Motivation: Users report that Xactly Incent helps motivate sales teams by providing clear performance targets and timely, accurate payouts. The platform's gamification features, such as leaderboards and badges, further incentivize sales representatives to exceed their goals.
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Difficult to Use: Users have reported that Varicent can be difficult to use, especially for those who are not familiar with compensation management software. Some have found the interface to be clunky and unintuitive.
Limited Reporting Capabilities: Some users have expressed frustration with Varicent's reporting capabilities, finding them to be limited and inflexible. They've noted difficulty in creating custom reports or extracting specific data points.
Poor Customer Support: Several users have reported issues with Varicent's customer support. They've described slow response times and a lack of helpfulness in resolving technical issues.
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Difficult to Use: Some users find the platform difficult to navigate and use, especially when trying to perform complex tasks or generate reports.
Limited Customization: Users have reported limited options for customizing the platform to their specific needs, which can be frustrating for businesses with unique compensation plans.
Technical Issues: Some users have experienced technical issues with the platform, such as slow loading times, system errors, and integration problems.
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Is Varicent a variable you should consider for your compensation management needs? Recent user reviews suggest that while Varicent offers a comprehensive suite of features, it may not be the perfect fit for every organization. Users praise its robust customization options, allowing for tailoring to specific organizational needs, which is particularly beneficial for companies with complex compensation structures. However, some users find the interface less intuitive than competitors like Lattice, requiring more time for training and adoption. A key differentiator is Varicent's focus on sales performance management, with features like "clawback" calculations and pipeline-based earning projections, making it ideal for businesses with sales-driven compensation models. Ultimately, Varicent is best suited for larger enterprises with intricate compensation plans, particularly those heavily reliant on sales performance. Its strength lies in its ability to handle complex calculations and provide granular insights into sales compensation. However, organizations prioritizing user-friendliness and a more streamlined interface might find other solutions more appealing.

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Are you looking for a compensation management solution that will make you say "eXactly!"? Xactly Incent has garnered a reputation for its user-friendly interface and robust features, particularly its strength in handling complex commission structures. Users praise its ability to automate calculations, track performance, and generate detailed reports, freeing up valuable time for strategic tasks. This granular control and transparency are highly valued, as they empower businesses to make data-driven decisions and ensure fair compensation practices. However, some users have pointed out that the software's learning curve can be steep, especially for those unfamiliar with compensation management concepts. Additionally, while integrations with popular CRM platforms like Salesforce are available, some users have expressed a desire for broader third-party integrations. Xactly Incent's focus on incentive compensation makes it a perfect fit for businesses with sales-driven cultures, particularly those with complex commission structures. Its ability to accurately calculate and track incentives, coupled with its insightful reporting capabilities, allows businesses to effectively motivate their sales teams and drive revenue growth. However, businesses with simpler compensation needs or those prioritizing extensive third-party integrations might find other solutions more suitable.

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