Varicent vs Compport

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Our analysts compared Varicent vs Compport 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

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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Compport is a cloud-based SaaS platform that optimizes the workflow of HR professionals and managers by automating daily tasks and storing all compensation data in one location. The completely modular design allows for customized payment plans and dashboard views to fit the company's unique needs. Access via a computer or a compatible mobile device.

Analyze and compare packages to monitor budgets, find equity gaps and create a strategy to ensure fair payment. Utilize internal analytics surveys and employee feedback to discover turnover and performance trends and support retainment. Incorporates multiple language options and screens for users around the world.
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$56/User, Monthly
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$5,000 Annually
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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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  • Streamline Compensation Processes: Compport automates manual tasks like data entry, calculations, and approvals, saving you time and effort. This allows you to focus on strategic initiatives and ensure accurate, consistent compensation decisions.
  • Gain Data-Driven Insights: Compport provides comprehensive reporting and analytics tools that help you analyze compensation trends, identify potential issues, and make informed decisions based on real-time data. You can track key metrics like salary distribution, pay equity, and employee performance to optimize your compensation strategy.
  • Improve Employee Satisfaction: Compport helps you create a fair and transparent compensation system that rewards employees for their contributions and motivates them to perform at their best. This can lead to increased employee satisfaction, engagement, and retention.
  • Reduce Compliance Risks: Compport ensures compliance with complex compensation regulations and legal requirements. It helps you avoid costly mistakes and penalties by automating compliance checks and providing auditable records.
  • Boost ROI: Compport's efficient and data-driven approach to compensation management can lead to significant cost savings and improved return on investment. By optimizing your compensation strategy, you can attract and retain top talent, improve employee performance, and drive business growth.
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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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  • Compensation Management: Oversee and manage all aspects of the compensation process, including salaries, bonuses, promotions, merit increases, long-term incentives, stock and other payment plans. Create custom plans and guidelines to fit the needs of the business. Managers can view real-time analytics and monitor available total rewards pools and awards allocated. 
    • Automation Tools: Reduce time spent performing suboptimal manual tasks and human error with automated annual or ad hoc salary reviews and merit, promotion and pay equity processes. 
    • Customized HR Dashboards: Managers and HR staff can view real-time data to make informed decisions, like budget allocations, spending, pending approvals, recommendations and pay equity analysis. Administrators can customize dashboards to show only the necessary information, reducing confusion. 
  • Performance Management: Automatically generate salary structures and offers to speed up the acquisition of desirable candidates. Track and replicate previous successful offers. Employees can participate in surveys regarding compensation plans, awards and processes. Use employee feedback to create more effective incentives and smoother daily operations. 
  • Pay Equity Tools: Customizable pay equity dashboards display real-time payment data and employee performance. Set alerts for pay gaps and possible conscious or unconscious bias. Simulate budgets to predict the necessary remediation funding. Generate reports to illustrate legal compliance and adherence to DIEB initiatives. 
  • Letter Generation: Produce total rewards statements and compensation letters to present to employees to show their worth and illustrate links between their and the company’s performance. Managers can time the release of statements and letters. 
  • Scenario Planning Engine: Leverage the Compensation Modeling Engine to predict how possible scenarios will impact budgets, pay equity, accruals and more. Compare and contrast how changes to plans and guidelines will affect compensation. 
  • Analytics Tools: Use one location to monitor headcount, turnover and performance trends. Discover patterns and implement operational changes to increase retention. Automated analytics tools instantly predict or find pay equity gaps to ensure fair distribution of rewards. 
  • Third-party Integration: Integrate with existing third-party HR and financial systems and pull data from multiple sources. 
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Product Ranking

#43

among all
Compensation Management Software

#79

among all
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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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 63 63 76 58 98 75 88 78 0 25 50 75 100
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User Sentiment Summary

Great User Sentiment 276 reviews
Excellent User Sentiment 73 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.

96%
of users recommend this product

Compport has a 'excellent' User Satisfaction Rating of 96% when considering 73 user reviews from 3 recognized software review sites.

4.5 (120)
4.8 (56)
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4.8 (16)
4.5 (64)
5.0 (1)
4.4 (92)
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Awards

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SelectHub research analysts have evaluated Compport and concluded it earns best-in-class honors for Platform and Security Capabilities and Integrations and Extensibility. Compport stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Platform and Security Capabilities Award
Integrations and Extensibility Award

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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Streamlined Compensation Planning: Compport simplifies the often intricate process of compensation planning, enabling HR teams to efficiently manage salary adjustments, bonuses, and stock options. The platform's automation capabilities reduce manual tasks, saving time and minimizing errors.
Enhanced Performance Management: Compport facilitates a seamless connection between performance reviews and compensation decisions. By integrating performance data, the software empowers managers to make data-driven compensation adjustments that align with employee contributions and company goals.
Improved Employee Engagement: Compport promotes transparency and fairness in compensation practices. Employees gain visibility into their compensation structure and how it relates to their performance, fostering trust and motivation within the workforce.
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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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Limited Customization: While Compport offers some configurable options, users report feeling restricted in tailoring the platform to their specific needs. For example, the lack of custom fields and limited reporting capabilities can hinder data analysis and insights generation.
Integration Challenges: Integrating Compport with existing HR systems can be a complex and time-consuming process, requiring significant technical expertise. Users have reported encountering compatibility issues and data migration challenges.
Limited Support: User reviews suggest that Compport's customer support could be more responsive and comprehensive. Users have experienced delays in receiving answers to their queries and found the troubleshooting assistance inadequate.
Cost Concerns: While Compport offers different pricing plans, some users find the cost to be relatively high compared to competitors, especially for smaller businesses or those with limited budgets.
User Interface Issues: The Compport interface has been described as clunky and not as intuitive as other compensation management platforms. Users have reported experiencing difficulty navigating the platform and finding the information they need.
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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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Over the past year, user reviews of Compport, the Compensation Management Software software, have been generally positive, with users highlighting its ease of use, comprehensive features, and robust analytics. Many users have found Compport to be a valuable tool for managing compensation data, conducting salary surveys, and making informed compensation decisions. One of the key strengths of Compport is its user-friendly interface. Users have consistently praised the software's intuitive design and simple navigation, making it easy for even non-technical users to manage their compensation data. Another major advantage of Compport is its comprehensive feature set, which includes tools for salary planning, budgeting, performance management, and more. Users have found these features to be essential for managing their compensation programs effectively. In terms of differentiating factors, Compport stands out for its robust analytics capabilities. The software provides users with a wide range of reports and dashboards that can be used to track compensation trends, identify pay disparities, and make data-driven decisions. Users have found these analytics to be invaluable for gaining insights into their compensation data and making informed adjustments to their programs. While Compport has received generally positive reviews, some users have noted a few potential weaknesses. One common complaint is that the software can be slow at times, especially when processing large amounts of data. Additionally, some users have found the reporting capabilities to be somewhat limited, particularly when compared to more advanced compensation management software solutions. Overall, Compport is a well-regarded Compensation Management Software software that offers a comprehensive suite of features and robust analytics capabilities. Its ease of use, user-friendly interface, and strong reporting features make it a valuable tool for organizations of all sizes. Compport is particularly well-suited for organizations that are looking for a comprehensive and easy-to-use compensation management solution. It is important to note that these user reviews are based on information that is up to a year old. As the software market is constantly evolving, it is always advisable to check the internet for the most up-to-date information on Compport and other similar products.

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