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|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
.IDEA
S
.INNOVATION
.INSPIRATIO
N
SoftClouds
&
Oracle Incentive Compensation
Management (ICM)
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
About Us
Founded
2005
Other Locations
Hyderabad, India
Delhi, India
Tokyo, Japan
Headquarters
San Diego, CA
Target Market
Majors & Enterprise
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Industry Focus
Financial
Hospitality
Healthcare
Technology Airlines
Consumer
Goods
Engineering
& Construction
Industrial
Manufacturing
Communication
Automotive
Utilities
Diversified
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
What we DO
Proactively identify needs &
introduce innovative solutions
Own deep technical expertise
essential for today & tomorrow
Enterprise level service &
Resolve solutions history
Understand today’s need for
tomorrow’s demand
Proven methodology along
with a flexible approach
Trusted partner with
innovation at core
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
LOYALTY CLOUD
IDENTITY CLOUD
ANALYTICS CLOUD AUTONOMOUS
DATABASE
CX Expertise
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Integrations
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Need for
ICM
Audit & Risk Management
Failure to Adopt Marketing
Trends
Sales Department Without
Business Priorities
Sales Performance Not Linked
with Organizational Plans
Inaccurate Incentive Payments
High Costs of Administration &
Overpayments
Need for ICM
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Oracle Incentive Compensation
Management
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
What's Oracle Incentive
Compensation Management?
• Global Compensation Management Application
• Allows Organizations to Align the Business
Objectives with Sales Force Activities
• Integrates Territory & Quota Management
• Organizations can Automate the Complex Task
of Calculating Variable Compensation
• Reward for Performance Mindset to Motivate
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Why Oracle Incentive
Compensation Management?
• Rich adaptable plan design
• Sophisticated crediting rule capability
• Embedded analytics, reporting & BI
• Maximize revenue potential & increase SFA
adoption
• Ensure accurate, on-time payment with high-
performance processing engine
• Leverage enterprise capabilities to reduce costs
• Interactive dashboard to drive performance results
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Oracle ICM Features
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Cross-Organization
Crediting
Currencies Calculation Mobility Analytics Integration
Sales Performance
&
Compensation
Sales Credit Allocation
&
Hierarchical Rules
Configurable Payment Approval Dispute Management
Oracle ICM Features
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Sales Performance &
Compensation
• Performance Measures:
• Track sales rep's progress towards goal
• Compensation Plans:
• Measures salesperson’s progress
• Calculate compensation earnings
• Determines participant’s compensation
• Manages any compensation disputes
• Credit participant
• Benefits:
• Reduce overpayment on commissions
• Lower cost of commission administration
• Connect sales teams with organizational priorities
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
• Optimizing territories, quotas & incentive plans
• Identifying issues by
• Visually powerful monitoring
• Alert capabilities
• Greater insight into pay for performance
• Maintain distinct, original business plans
• Ensure unified plan performance reporting
• Easy configuration of performance metrics
• Unlimited plan design (product hurdles, multipliers)
Sales Performance Plan
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Sales Performance
Measures
• Sales reps are compensated by using measures
• Evaluates progress on pre-determined objectives
• Controlled/influenced by sales rep; can be tracked
• Components of performance measure
• Goal – Target/quota
• Credit Category – Product
• Measure Formula – Expression (revenue, % attainment)
• Scorecard – Attainment to scores
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Sales Credit Allocation &
Hierarchical Rules
• Determines who should receive credit
• Single rule hierarchy
• Cross-organization crediting & roll-up
• Participant snapshots
• Streamlined rule definition
• Combined or separate crediting/roll-up rules
• Hierarchy, role & team definitions
• Selective roll-ups
• Individual summary roll-up selection
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Configurable Payment
Approval
• Transparency & error reduction processes
• No-hassle, simple transactions in a familiar environment
• Complete transaction & payment traceability
• Incentive compensation payment components
• Who is paid
• When payment occurs
• Which transactions & adjustments to pay
• Approval & payment processing
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Dispute Management
• Compensation managers can create, track & resolve disputes
• Automated notifications for all involved parties
• Dispute actions:
• Create
• Reassign & delegate
• Request more information
• Update information
• Approve & reject
• Escalate
• Withdraw
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Cross-Organization
Crediting
• Single or multiple business units
• Credits
• Earnings
• Deliver on-time payments
• Processable & stamped with desired currency
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Currencies Calculation
• Manage globally with multi-currency goal definitions,
calculation & payment
• Admin can set:
• Operating currency
• Processing currency
• Multicurrency processing - appropriate values for each
relevant attribute:
• Currency
• Conversion rate
• Amount attribute
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Mobility
• Oracle Mobile Commissions (iOS & Android)
• REST APIs to calculate simulation
• Reps can check:
• Payment components & balances
• Review earnings by plan component & performance
attainment
• Status & details of any disputes
• Most recent payments, disputes & credit transactions
• OTBI (Oracle Transactional Business Intelligence) report
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Analytics
• Real-time, interactive, closed-loop reporting
• Integration with IC transactional application
• Complete commission visibility
• Role-based visibility for dashboards & reports
• Adding external web content on dashboard age
• Export reports & PDFs as well
• Graphical representation of data helps to:
• Decrease time & cost
• Quick understanding & attention
• Quick decision making
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Integrations
MS Outlook
• CRM applications
• Oracle CPQ Cloud
• Oracle Marketing Cloud
• Salesforce
• Mobile
• Outlook platforms
• Other third-party applications
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Customer Data Management
Customer Data Hub
Data Quality
Enrichment
Data Cleaning
Handling Duplicates
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Our ICM Capabilities
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Our ICM Capabilities
UI Design Analytics Training
Support
Integration
Data Migration
Solution Architecture
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
UI Design
• Modern UI design
• Personalization & configuration
• Ability to increase engagement by
• Focusing on look & feel
• Reduced clicks
• User experience
• Responsive layout based on device
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Solution Architecture
• Custom solution stacks, workspace & workflows
• Dynamic agent’s interface & dashboards
• Customized industry/business processes
• Customize needs of contact, group & companies
• Automated work order creation
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
• Rich look & feel of dashboard
• Customized role-based analytics reports
• Performance optimization
• Customized reports for agents desktop
Analytics
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Data Migration
• Data import from core HR & external data sources
• Powerful field mapping from old systems to ICM
• Data migration tasks
• Maintain ICM data by importing to OEC
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Training
• Build on-site training as per business needs
• Design user profiles
• Customization ofoObjects as per requirement
• Create user guides/manuals
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Support
• Warranty support
• Annual maintenance support
• Onshore/offshore model support
• Manage Oracle SR
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Integrations
MS Outlook
• CRM Applications
• Oracle CPQ Cloud
• Oracle Marketing Cloud
• Salesforce
• Mobile
• Outlook Platforms
• Other Third-Party Applications
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Why SoftClouds?
• Well Balanced & Experienced Team
• Team that has Delivered Successful Solutions
• Strategic Thinking & Solution Providers
• Excellent Leadership Skills
• Working Knowledge with C-Level
• Flexible Business Models: Fixed Bid, Time & Material
• Execution Locations: On-Site, Off-Site, Off-Shore
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Innovations
Expertise
Solutions
SoftClouds
Innovators Strategic Thinkers Technical Architects
Solution Providers
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Thank You
|| OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved
Brian J. Friedman
GVP – Global Strategic Sales
415.378.7400
brianf@softclouds.com
www.softclouds.com

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Oracle Incentive Compensation Management (ICM) | SoftClouds

  • 1. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved .IDEA S .INNOVATION .INSPIRATIO N SoftClouds & Oracle Incentive Compensation Management (ICM)
  • 2. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved About Us Founded 2005 Other Locations Hyderabad, India Delhi, India Tokyo, Japan Headquarters San Diego, CA Target Market Majors & Enterprise
  • 3. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Industry Focus Financial Hospitality Healthcare Technology Airlines Consumer Goods Engineering & Construction Industrial Manufacturing Communication Automotive Utilities Diversified
  • 4. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved What we DO Proactively identify needs & introduce innovative solutions Own deep technical expertise essential for today & tomorrow Enterprise level service & Resolve solutions history Understand today’s need for tomorrow’s demand Proven methodology along with a flexible approach Trusted partner with innovation at core
  • 5. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved LOYALTY CLOUD IDENTITY CLOUD ANALYTICS CLOUD AUTONOMOUS DATABASE CX Expertise
  • 6. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Integrations
  • 7. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Need for ICM Audit & Risk Management Failure to Adopt Marketing Trends Sales Department Without Business Priorities Sales Performance Not Linked with Organizational Plans Inaccurate Incentive Payments High Costs of Administration & Overpayments Need for ICM
  • 8. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Oracle Incentive Compensation Management
  • 9. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved What's Oracle Incentive Compensation Management? • Global Compensation Management Application • Allows Organizations to Align the Business Objectives with Sales Force Activities • Integrates Territory & Quota Management • Organizations can Automate the Complex Task of Calculating Variable Compensation • Reward for Performance Mindset to Motivate
  • 10. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Why Oracle Incentive Compensation Management? • Rich adaptable plan design • Sophisticated crediting rule capability • Embedded analytics, reporting & BI • Maximize revenue potential & increase SFA adoption • Ensure accurate, on-time payment with high- performance processing engine • Leverage enterprise capabilities to reduce costs • Interactive dashboard to drive performance results
  • 11. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Oracle ICM Features
  • 12. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Cross-Organization Crediting Currencies Calculation Mobility Analytics Integration Sales Performance & Compensation Sales Credit Allocation & Hierarchical Rules Configurable Payment Approval Dispute Management Oracle ICM Features
  • 13. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Sales Performance & Compensation • Performance Measures: • Track sales rep's progress towards goal • Compensation Plans: • Measures salesperson’s progress • Calculate compensation earnings • Determines participant’s compensation • Manages any compensation disputes • Credit participant • Benefits: • Reduce overpayment on commissions • Lower cost of commission administration • Connect sales teams with organizational priorities
  • 14. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved • Optimizing territories, quotas & incentive plans • Identifying issues by • Visually powerful monitoring • Alert capabilities • Greater insight into pay for performance • Maintain distinct, original business plans • Ensure unified plan performance reporting • Easy configuration of performance metrics • Unlimited plan design (product hurdles, multipliers) Sales Performance Plan
  • 15. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Sales Performance Measures • Sales reps are compensated by using measures • Evaluates progress on pre-determined objectives • Controlled/influenced by sales rep; can be tracked • Components of performance measure • Goal – Target/quota • Credit Category – Product • Measure Formula – Expression (revenue, % attainment) • Scorecard – Attainment to scores
  • 16. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Sales Credit Allocation & Hierarchical Rules • Determines who should receive credit • Single rule hierarchy • Cross-organization crediting & roll-up • Participant snapshots • Streamlined rule definition • Combined or separate crediting/roll-up rules • Hierarchy, role & team definitions • Selective roll-ups • Individual summary roll-up selection
  • 17. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Configurable Payment Approval • Transparency & error reduction processes • No-hassle, simple transactions in a familiar environment • Complete transaction & payment traceability • Incentive compensation payment components • Who is paid • When payment occurs • Which transactions & adjustments to pay • Approval & payment processing
  • 18. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Dispute Management • Compensation managers can create, track & resolve disputes • Automated notifications for all involved parties • Dispute actions: • Create • Reassign & delegate • Request more information • Update information • Approve & reject • Escalate • Withdraw
  • 19. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Cross-Organization Crediting • Single or multiple business units • Credits • Earnings • Deliver on-time payments • Processable & stamped with desired currency
  • 20. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Currencies Calculation • Manage globally with multi-currency goal definitions, calculation & payment • Admin can set: • Operating currency • Processing currency • Multicurrency processing - appropriate values for each relevant attribute: • Currency • Conversion rate • Amount attribute
  • 21. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Mobility • Oracle Mobile Commissions (iOS & Android) • REST APIs to calculate simulation • Reps can check: • Payment components & balances • Review earnings by plan component & performance attainment • Status & details of any disputes • Most recent payments, disputes & credit transactions • OTBI (Oracle Transactional Business Intelligence) report
  • 22. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Analytics • Real-time, interactive, closed-loop reporting • Integration with IC transactional application • Complete commission visibility • Role-based visibility for dashboards & reports • Adding external web content on dashboard age • Export reports & PDFs as well • Graphical representation of data helps to: • Decrease time & cost • Quick understanding & attention • Quick decision making
  • 23. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Integrations MS Outlook • CRM applications • Oracle CPQ Cloud • Oracle Marketing Cloud • Salesforce • Mobile • Outlook platforms • Other third-party applications
  • 24. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Customer Data Management Customer Data Hub Data Quality Enrichment Data Cleaning Handling Duplicates
  • 25. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Our ICM Capabilities
  • 26. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Our ICM Capabilities UI Design Analytics Training Support Integration Data Migration Solution Architecture
  • 27. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved UI Design • Modern UI design • Personalization & configuration • Ability to increase engagement by • Focusing on look & feel • Reduced clicks • User experience • Responsive layout based on device
  • 28. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Solution Architecture • Custom solution stacks, workspace & workflows • Dynamic agent’s interface & dashboards • Customized industry/business processes • Customize needs of contact, group & companies • Automated work order creation
  • 29. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved • Rich look & feel of dashboard • Customized role-based analytics reports • Performance optimization • Customized reports for agents desktop Analytics
  • 30. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Data Migration • Data import from core HR & external data sources • Powerful field mapping from old systems to ICM • Data migration tasks • Maintain ICM data by importing to OEC
  • 31. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Training • Build on-site training as per business needs • Design user profiles • Customization ofoObjects as per requirement • Create user guides/manuals
  • 32. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Support • Warranty support • Annual maintenance support • Onshore/offshore model support • Manage Oracle SR
  • 33. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Integrations MS Outlook • CRM Applications • Oracle CPQ Cloud • Oracle Marketing Cloud • Salesforce • Mobile • Outlook Platforms • Other Third-Party Applications
  • 34. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Why SoftClouds? • Well Balanced & Experienced Team • Team that has Delivered Successful Solutions • Strategic Thinking & Solution Providers • Excellent Leadership Skills • Working Knowledge with C-Level • Flexible Business Models: Fixed Bid, Time & Material • Execution Locations: On-Site, Off-Site, Off-Shore
  • 35. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Innovations Expertise Solutions SoftClouds Innovators Strategic Thinkers Technical Architects Solution Providers
  • 36. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Thank You
  • 37. || OPTIONS REDEFINED || Copyright © 2022 SoftClouds - All Rights Reserved Brian J. Friedman GVP – Global Strategic Sales 415.378.7400 brianf@softclouds.com www.softclouds.com