With NiCE SPM, the consumer electronics leader now offers tailored compensation plans, manages large global transaction volumes, and ensures swift, accurate payments.
The company’s existing incentive compensation management (ICM) system fell short in processing the massive transaction volume of 140 million sales. Data processing was carried out in five batches throughout the week, with each batch lasting 10 hours. Due to system limitations, data was pre-aggregated prior to processing, which prevented sales reps and managers from viewing transaction-level details.
Manual sales processes were another challenge. Dispute resolution of thousands of payees, for example, was handled by a dedicated helpdesk—an inefficient and time-consuming process.
From an IT point of view, incentive compensation processes were spread across multiple systems, resulting in inefficiencies, lack of visibility and difficult maintenance.
Finally, ever-changing business needs and aggressive transaction growth dictated the need for a solution that could optimize existing incentive compensation processes, as well as support future business needs.
ON THE NiCE SOLUTION
“My experience with the NiCE team has been very positive. The team is always professional, pleasant, hardworking, flexible, and overall great partners in rolling out this large undertaking.”
THE SOLUTION
The company selected NiCE SPM to replace its existing incentive compensation system after determining it to be the best solution to resolve gaps in performance, data transparency, reporting and administration, as well as handle the company’s massive transaction volume and projected growth.
Multiple Compensation Plans
Overall, the NiCE SPM system now manages over 160 compensation plans for the multinational company, each of which addresses different payee groups with unique needs. More than 60 different data ports are used to receive HR information, transaction data, workflows, product weighting data, currency info, compensation plan metrics, and more.
Performance and Scalability
On a daily basis, NiCE intelligent processing handles 100 million transactions in under three hours—as opposed to the previous full-week commission-processing window.
Workflow Automation
NiCE SPM automated manual sales processes, improving efficiency and manageability. Quota and objectives management, dispute resolution, plan acceptance, and annual contract updating procedures were also fully automated. Sales reps can now file disputes or sign contracts directly from their mobile devices, with data flowing digitally into review and backend systems. Similarly, compensation inquiries submitted from a payee’s device are also handled swiftly, and automatically sent to the relevant manager or compensation team.
Reporting and Analysis
NiCE SPM lets sales managers view real-time team and individual performance data, such as the top 10 customers of each payee. Using their iPhones and iPads devices, sales reps can also view a breakdown of their monthly and yearly compensation, and produce projected earnings reports. For compensation analysts and administrators, the system provides previously impossible ad-hoc query and analytics capabilities, such as verifying payments and credit splits, creating SPIFF reports, and auditing employee compensation.
SUMMARY
With NiCE SPM, the leading consumer electronics company now provides individualized compensation plans to various payee groups, handles massive global transaction volumes, and rapidly delivers error-free payments. Having seen the solution’s proven capabilities and flexibility in practice, the company is confident that it will continue benefiting from NiCE SPM throughout the projected growth of its worldwide operations.
The performance improvement and delta processing were one of the key objectives in moving towards implementing the NiCE Solution.
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ABOUT
The customer is a leading consumer electronics company with a rich portfolio, including groundbreaking mobile and media devices, personal computers, and online services. With worldwide sales and distribution, serving residential, corporate and education customers, the company generates millions of transactions across multiple channels every day.
LOCATION
Global
BUSINESS NEED
Daily sales compensation processing and reporting
Mobile access to up-to-date incentive statements
Eliminate manual processes
Consolidate multiple commission systems
Meet future transaction growth
NiCE SOLUTIONS
NiCE Incentive Compensation Management
RESULTS ACHIEVED
Commission processing cut from a week to 3 hours (x40 performance improvement)
2000 daily transaction-level reports worldwide
Automation of quota setting, plan approval and dispute resolution
iOS-based mobile access to sales incentives data
Full audit trail
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