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Varicent

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Overview

Varicent is an award-winning SaaS company that helps businesses fuel growth. Its suite of solutions support a company’s entire revenue journey, from results-driven planning and predictability to growth. With Varicent, companies worldwide can set smarter goals and territories to maximize revenue potential. Varicent enables teams with AI-driven insights to make better decisions and outdo previous performance, and to create incentive strategies that motivate the right behaviors to achieve revenue goals.

Solution Overview:
Many factors are affecting the insurance industry, from economic uncertainties to changing market dynamics. These changes are causing the insurance industry to rethink their traditional go-to-market selling models. Sales process inefficiencies remain a major challenge for insurance carriers, business as usual is no longer an option as distribution channels continue to evolve. Varicent Incentives provides commercial leaders a flexible compensation platform to drive profitable growth through differentiated incentive programs amid rising competition.Varicent is the market-leading provider of Sales Performance Management (SPM) enterprise solutions which includes our Incentives Platform. For over 20 years, Varicent has delivered innovative solutions for the insurance industry, enabling insurers to manage their producer compensation programs more effectively with greater accuracy, efficiency, and transparency.Varicent Incentives is delivered as a single or multi-tenant cloud solution with comprehensive functionality to manage any type of compensation program (e.g. primary commission, secondary compensation, total rewards, profit sharing) with scalability to support millions of transaction records each period. Through robust in app reporting and analytics functionality, insurers can deliver a highly personalized producer experience to differentiate their brand in the competitive insurance market.

Key Benefits with Varicent

  • 20+ years dedicated to delivering incentive compensation management solutions.
  • Comprehensive SPM solution – end-to-end framework for managing the complete lifecycle of incentive programs.
  • Commitment to Innovation – total R&D investment focused on increasing the value of our SPM solutions.
  • User Experience – tailored to the unique needs of the distribution channel.
  • Scalable & Secure Platform – billions of transactions processed each month on a platform accredited by external auditors (e.g. SOC1 & SOC2).
  • Comprehensive Audit Trails – full transparency to support compliance requirements.
  • Technology Partnerships – leveraging best of breed solutions that complement our SPM offerings.
  • Delivery Expertise – extensive consulting partner network available to support a variety of engagement model and project complexity.