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Varicent Reviews & Product Details

Verified User in Telecommunications
AT
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Varicent?

Implementing new schemes is relatively simple and straight forward, the user interface is easy to navigate around, and the system is incredibly flexible. The reporting features improve with every update. Support team are knowledgable and responsive, and the CSMs are always on hand when needed. There is a plethora of training material available through their eLearning portal, and a blossoming community portal where admins from different customers can come together and share best practice, ask questions and one-up each other on how they've used features! Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Some functionality is a little clunky, eg Role Permissions Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Moving from Excel based sales bonus calculations to an auditable, automatable solution with excellent reporting capability, reducing inefficiencies in the process and giving better visibility of sales performance data to everyone from sales personnel through to senior management. Review collected by and hosted on G2.com.

Response from Tiffany Viola of Varicent

Thank you for your wonderful review! We take pride in our knowledgeable support team and dedicated Customer Success Managers, and it’s fantastic to hear that you’ve found them helpful. The eLearning and community portals are designed to foster collaboration and sharing, so we’re thrilled you’re enjoying those resources. Your feedback truly inspires us to keep enhancing the experience!If you require any support, please don’t hesitate to reach out to your CSM or to me directly. Tiffany Viola

Varicent Overview

What is Varicent?

Siloed teams, processes, and data are costing you. Revenue and operations leaders realize the journey from corporate targets to strategy build and execution is more critical - and more complex - than ever before. The pace of change has increased, market conditions weigh heavily, and sellers’ needs have evolved. Many sales leaders lack the confidence and tools to determine the best strategies to manage sales performance and create a clear and effective path to revenue. Although most would agree that sales go-to-market planning is vital, only 40% of revenue leaders feel their efforts are effective. Connect the Path to Revenue, Create a Reliable Revenue Engine Leaders are connecting teams and tools for smarter, integrated revenue planning that drives sustainable growth. Varcient's suite of solutions supports a company’s entire revenue journey, from results-driven planning and predictability to growth. From quotas and territories to sales and compensation, Varicent enables companies to drive high revenue performance by providing vital data, insights, and tools through our purpose-built sales performance management (SPM) solutions.

Varicent Details
Product Website
Languages Supported
German, English, French, Italian, Japanese, Korean, Dutch, Polish, Portuguese, Spanish, Swedish, Turkish, Chinese (Simplified)
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Product Description

Varicent provides tools and information for your sales reps - ensuring accuracy and efficiency. Managers and administrators can take control of their operations, eliminate surprises and make better strategic choices for their variable incentive programs.


Seller Details
Seller
Varicent
Company Website
Year Founded
2003
HQ Location
Toronto, Ontario
Twitter
@ThisIsVaricent
142 Twitter followers
LinkedIn® Page
www.linkedin.com
647 employees on LinkedIn®
Description

Varicent delivers market-leading SaaS software solutions that help revenue leaders drive growth. Its full suite of solutions helps companies worldwide deliver intelligent territory and quota plans, efficient revenue operations.


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Overview Provided by:

Recent Varicent Reviews

KD
Karisa D.Enterprise (> 1000 emp.)
5.0 out of 5
"Would highly recommend Varicent to a friend, colleague, and any company."
A user-friendly system that helps my job run smoothly. The team at Varicent is easy to get in touch with if any questions, enhancements are needed....
Verified User
A
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Constantly evolving scalable SPM solution"
Implementing new schemes is relatively simple and straight forward, the user interface is easy to navigate around, and the system is incredibly fle...
Robin D.
RD
Robin D.Enterprise (> 1000 emp.)
4.5 out of 5
"Great tool for sales performance management. Fully customizable and still easy to use and track"
Enough customization is possible but stuff doesn't become too complex. Continous improvements of the system. Integration with ELT and the upcoming ...
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Varicent Media

Varicent Demo - Seller Views
Understand meaningful information in one glance for the month, the year and the performance at a component level. Answer questions like, "How much will I get paid?" and "When" to afford them more time to focus on selling.
Varicent Demo - Robust Planning
Leverage Varicent ICM to model compensation plans and understand the financial impact of changes. With the ability to more accurately forecast commission payouts with “what-if” assumptions, you can budget more effectively for sales compensation costs, manage target total compensation for sales re...
Varicent Demo - Reports and Dashboards
Varicent ICM’s Sales Portal capture your data for enhanced reporting capabilities. Seamlessly share consumable information through charts, graphs, and interactive displays and promote desired sales behavior.
Coburn Supply Company 
How did Coburn Supply Company streamline their sales compensation processes, reduce errors and improve data accuracy?
Play Varicent Video
Coburn Supply Company How did Coburn Supply Company streamline their sales compensation processes, reduce errors and improve data accuracy?
How did Fiserv tap into a more automated and strategic approach to sales compensation? 

Fiserv, a financial services and technology company, struggled with spreadsheets to manage their sales compensation needs.
Play Varicent Video
How did Fiserv tap into a more automated and strategic approach to sales compensation? Fiserv, a financial services and technology company, struggled with spreadsheets to manage their sales compensation needs.
Jordan's Furniture
How can a 100-year old company remain responsive to market demands? 

Jordan’s Furniture has a respected history in New England and is known for their quality, name-brand selection.
Play Varicent Video
Jordan's Furniture How can a 100-year old company remain responsive to market demands? Jordan’s Furniture has a respected history in New England and is known for their quality, name-brand selection.
How did ServiceNow enhance flexibility and adaptability in their incentive compensation strategy?

ServiceNow, a cloud-based workflow management company, needed a purpose-built solution to support their growth.
Play Varicent Video
How did ServiceNow enhance flexibility and adaptability in their incentive compensation strategy? ServiceNow, a cloud-based workflow management company, needed a purpose-built solution to support their growth.
Why Varicent? Customer Success Stories
Play Varicent Video
Why Varicent? Customer Success Stories

Official Downloads

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Video Reviews

495 out of 496 Total Reviews for Varicent

4.5 out of 5
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495 out of 496 Total Reviews for Varicent
4.5 out of 5
495 out of 496 Total Reviews for Varicent
4.5 out of 5

Varicent Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for VaricentQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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KD
Team Lead, Sales Compensation
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Varicent?

A user-friendly system that helps my job run smoothly. The team at Varicent is easy to get in touch with if any questions, enhancements are needed. Our motto is Varicent reporting is always right! Review collected by and hosted on G2.com.

What do you dislike about Varicent?

There is nothing I dislike. They are always putting the customer first and making our job easier with their availability and their knowledge of our business. With presenter adaptive being available to us now, we are super excited for future reports. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Making the tool more interactive will help my team use the existing reports and build off them for additional reporting and validation. Presenter Adaptive has been helpful and the cleanups of the old data in the system too. Review collected by and hosted on G2.com.

Response from Paul Peters of Varicent

Karisa -

Thank you for being a Varicent customer. Over the many years our companies have partnered for your success we've watched the creative way your team rewards and incentivizes the team through territory and quota. We look forward to many more years of great success with you.

Paul Peters

Christy M.
CM
vice president
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Varicent?

For decades we calculated our commissions manually. We have over 485 payments a month on average all with very different structures off different branch locations and products. Varicent has allowed us to track the calculation daily with all of these complicated calculations efficiently and easily. This product has allowed us to vet our calculations easily on a daily, weekly, and monthly basis. This product has completely changed how we do business with regard to incentive pay. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

There is nothing I could say at this time that I dislike about the product. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

No problems. Most of the issues we run into are internal issues, not Varicent issues. Review collected by and hosted on G2.com.

Verified User in Market Research
AM
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

Easy to navigate, scalable, and always improving. Really enjoy the framework of the solution as well as the payee's web portal, it's well thought out. Cuts commission calculation time considerably compared to traditional Excel methods. While the goal for using Varicent was to reduce complexity and unique configuations, it's still easy to add certain customizations. Easy integrations, uploads, and great CS team that answers questions / issues quickly. Easy to build new plans with exisiting components, or adjust rates, etc. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Plan Distribution module could use some updates and wish there was DocuSign integration. Calculations or CRM Data Uploads can be lengthy at times, so need to plan tasks around those actions. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Cutting down manual commission calculations in Excel as well as creating a relational database for commissions to easily analyze commissions data. Review collected by and hosted on G2.com.

TM
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Varicent?

Harrison is very flexible and it has some very innovative tools. Varicent is always improving their product and staying ahead of the competition. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

The flexibility of Varicent makes it difficult to get right the first time. We have been successful with our implementation, but we are now going back to fix things we didn't get right and I feel it will be another year before we have a solid foundation. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

We utilize Varicent to pay approximately 7000 incentive-based employees across 8 lines of business. Collect the data from our source systems, calculate the payments, send out reports and feed to payments to our payroll system. Review collected by and hosted on G2.com.

Matthew F.
MF
VP, Sales Comp
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

The flexibility of the system but also the ability to scale both as a system and within the design of building reusable components. This helps us meet the requirements of the business while also being dynamic and quick. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

The plan distrbution function is not ideal and has opportunity for improvement. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Varicent is calcualting and paying our sales commissions, providing us robust data on sales performance (specifically for territory performance) and helping our sellers leverage their sales comp plans. Review collected by and hosted on G2.com.

Robin D.
RD
Senior data analyst
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Varicent?

Enough customization is possible but stuff doesn't become too complex. Continous improvements of the system. Integration with ELT and the upcoming AI features are excuting Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Global actions concept can make working on a bigger scale difficult Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Individual reporting and automating compensation plans Review collected by and hosted on G2.com.

Response from Tiffany Viola of Varicent

Hi Robin, Thank you so much for your thoughtful review! We're thrilled to hear that you appreciate the balance between customization and usability, as well as our continuous improvements and upcoming AI features. Your feedback is valuable, and we’re always looking for ways to enhance our products. If you require any support, please don’t hesitate to reach out to your CSM or to me directly. Tiffany Viola

Verified User in Financial Services
UF
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Varicent?

Over the past 5-6 years, Varicent has demonstrated significant advancements as an incentive compensation management tool. I have notes improvements in efficiency, with reduced processing times and an intuitive interface that simplifies report design.these enhancements contribute to enabling sales representatives to focus more on their sales activities rather than the intricacies of their incentive comp structures. Varicent has established itself as a good entity in its market segment, reflecting its commitment ti user-centric development and performance optimization Review collected by and hosted on G2.com.

What do you dislike about Varicent?

I am only a user, not an administrator. Sometimes we are wasting precious time trying to figure out why jobs failed overnight and such, which can be quite troublesome and lead to lack of trust from users, especially during critical times Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Calculating crediting for 1,300+ sales representatives Review collected by and hosted on G2.com.

Verified User in Wholesale
AW
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Varicent?

Varicent is always making updates and improvements to the product. Their product is very flexible to build different programs. They solicit feedback from customers and focus on providing the most impactful improvements. They provide good training and resources. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Not Varicent's fault, but I find it hard to adopt the newer features. We don't have the personnel required to explore the new features and have our own business requirements that take priority over the new features. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

They are automating our incentive compensation process. This allows our sales reps to be able to check on their progress toward goal at any time whether on desktop or phone. Review collected by and hosted on G2.com.

Response from Paul Peters of Varicent
(Original )

Thank you for being a Varicent customer! We think its a good product too, and am happy to read you are using it. Customers come to us with great ideas about how to improve and do things better. We like to make those updates for them, so I'm not sure if 3-4 large releases is a good thing, but I do know that when you have the right tools in place it makes your job a whole lot easier.

Thank you for taking the time to share your feedback with the G2 community. Thank you for being my client.

If you ever have questions, I am available.

Paul Peters

LR
Business Analyst
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Varicent?

The software can be tailored to the specific requirements and design of the business, which imprints the customer satisfaction and trust of the user. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

The only drawback I see is the frequent migrations from dev to qa, but I suppose they are needed for testing. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Varicent will use one system to manage and report our payouts and set ups, using most of the same data sources we already use for compensation. Review collected by and hosted on G2.com.

Verified User in Insurance
UI
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Varicent?

The Varicent software is intuitive and easy to use. The Varicent calculation engine provides accurate results and reduces errors and administrative tasks. The addition of AI to the product will aid in faster decisions and information analysis, increasing sales and stimulating growth.Performance can be a challenge for the Varicent software when handling complex calculations. However, this issue may be related to the structure of our calculations. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Performance can be a challenge for the Varicent software when handling complex calculations. However, this issue may be related to the structure of our calculations. Review collected by and hosted on G2.com.

What problems is Varicent solving and how is that benefiting you?

Varicent solves issues with compensation errors and helps to minimize risks. The benefits allows real time access to sales performance. Review collected by and hosted on G2.com.