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Varicent Reviews & Product Details - Page 2

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.


AE
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

496 Varicent Reviews

4.5 out of 5
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496 Varicent Reviews
4.5 out of 5
496 Varicent Reviews
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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G2 reviews are authentic and verified.
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.

AR
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

Varicent employees really great staff that are easy to work with and actually listen to the wants and needs of their customers. They are constantly implementing software update releases based on the requests of what their customers are asking for. The solutions offered are customizable to your company's needs and Varicent provides helpful training, workshops, and a community to help support you with your needs. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

My experience is specific to their Incentives solution, which does have a steep learning curve to use. You really need to have a good understanding of joining data and coding to be able to complete all work in house especially if your model and business requests are complex. Review collected by and hosted on G2.com.

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

We use Varicent Incentives to upload all our Sales Compensation plans and have employees sign off on their plans. We also configure all of the sales plan payout structures so that all sales deals get uploaded into Varicent Incentives and the amount of earnings employees are entitled to are automatically calculated based on the inputs. We then send this information to payroll. Lastly, we use Varicent Incentives to help administer and calculate payouts for our annual salary increase and bonus program for all employees at the company regardless of if they are in a sales plan. Review collected by and hosted on G2.com.

CM
Senior Technical and Business Process Lead
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

Varicent is an easy to use system that provides tools and visibility for creating, tracking, and distributing a business process. Customer service and educational resources are always available and helpful to get what we need done. Varicent is effective and transparent about delivering a well packaged product. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

I am a new administrator so I do not have many complaints yet. There is a lot to learn about the system. Review collected by and hosted on G2.com.

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

Varicent integrates our incentive programs well. It allows us to come to a single conclusion using however many parameters we need. Review collected by and hosted on G2.com.

SS
HR Manager
Small-Business(50 or fewer 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 new `Plan Documents' feature is fantastic but the backend data is not available for them to use in the calculation area.

It can handle tons of calculations

Connecting multiple systems for data integration

You can check the results in every periodic manner efficiently.

Secured way of transforming the information to Paye Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Nothing like dislike ..

there are areas to improve

1. reduce the calculation time

2. Need more advanced features for presenter adaptive report to avail

3. In reporting area, it could be more interactive for the payee and admin... I feel it is one-way communication right now Review collected by and hosted on G2.com.

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

The support chat functionality is very useful and I the looking forward to having phone call support in the future. The phone call is more productive than chat and reduces a lot of time. Review collected by and hosted on G2.com.

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

The on premise to cloud migration process was seamless,with minimal disruption to our daily operations, thanks to the partnership with the Varicent team. The regular meetings and project plans contributed to a successful transfer from the previous on premise system to the cloud-based Varicent SPM efficiently, ensuring continuity in operations. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

They could enhance their support ticket process by implementing a more streamlined system that prioritizes urgent issues and provides timely updates to customers. Our team follows up with them often after the initial acknowledge email. Improving their process would greatly improve the overall customer experience. Review collected by and hosted on G2.com.

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

AI and Reporting - makes it less manual for our team of engineers Review collected by and hosted on G2.com.

Noel d.
ND
QE Automation Lead
Small-Business(50 or fewer 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?

I like the way the tool is structured, the UI, the navigation and overall user interface. The reporting structre is good and it performs the job efficiently and disllays the result, reports very well Review collected by and hosted on G2.com.

What do you dislike about Varicent?

The overall performance uncertainties. The full calc at times is super quick and at times takes an hour or more to complete.

I would also like to see a detailed documentation in the user guide section. The current documentstion isn't very elaborate. Review collected by and hosted on G2.com.

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

Varicent is competent in calculating the payment for our payees. It benefits us by helping us avoid manual payment calculations. Provides us with a work flow to help compensation admin team manage their daily work in an efficient way Review collected by and hosted on G2.com.

Alma B.
AB
Mid-Market(51-1000 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 process list has been helpful once we figured out how to do it. There are things we only do once a year and can easily forget and the process list helps. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Sometimes it seems very slow. Alot of our work is very manual and sometimes it seems too many steps are required to do a simple thing. Our calculations can take 3-4 hours sometimes. Review collected by and hosted on G2.com.

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

We have consultants that are helping us automate some processes to make our jobs a little easier.

It helps as a lot of our work is manual. They are very helpful in figuring our errors or issues. Review collected by and hosted on G2.com.

Verified User in Banking
CB
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?

Automated calculation of compensation. Designing and configuring calculations without developing overly complicated backend software tools. Lot of options to configure and customize the solution. Varicent is opening up paths and abilities to move data around and make the best use of data. Varicent goes above and beyond to value their customers, keeping them engaged with upcoming changes. The CSM is active and understands the issues and addresses the concerns in time. There are opportunities within the contract to seek expert services and consultation. Varicent has offered services in need of time and provides solution when facing cloud problems. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Sometimes we have seen performance delays and it all depends on data size too. Recent changes are a lot related to user experience on the front end but more work is required to optimize and make the comp engine more friendly for developers. Reporting improvements with smart templates adjusting to the data input would also be a great feature to have. Review collected by and hosted on G2.com.

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

Ability to ingest the data, compute and calculate, and handle post-calculation operations save the administrative team lots of hours in dealing with what used to be manual intervention in the compensation process. We use SPM primarily for compensation calculation and showing statement to Payees. The workflow gives abilities to make manual adjustments that can be integrated with the existing compensation structure. Payees can make inquiries within their statements which saves a lot of efforts on offline enquiries using other platforms. Having a centralized platform is making training easier and knowledge can be reused to push more changes. Soon other lines of businesses within the organization will start integrating with SPM that will open up more opportunities and streamline the processes. Review collected by and hosted on G2.com.

Response from Paul Peters of Varicent

Jaspreet -

Thank you for being a Varicent customer! Guneet is working hard to make your life a five-star review in the future. Thank you for taking the time to share your story with the G2 community. It's customers like you who make Varicent a great place.

Paul Peters

Verified User in Banking
IB
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 simplicity of using it. The step by step approach to reach our final results is very simple.

The reporting of the calculated Compensation is great for our End users. Payee Web is user friendly when it comes to access the Statement of Earnings and workflows. Varicent Support is also very helpful for any issue we have. The Ask an Expert has been valuable for our team as well when we got stuck in a few areas. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Long Calculation times causes less productivity.

Might be a limitation but the fact that we are unable to create data in tables while a global action is happening is a bit annoying but not a show stopper for sure. Review collected by and hosted on G2.com.

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

Compensation of both our Mobile Mortgage specialists and Brokers. Also producing Statement of Earnings for our Mobile Mortgage specialists. Varicent has reduced the amount of Manual work our Comp Admin team has to do. Review collected by and hosted on G2.com.

RM
IC Business Solutions Analyst
Pharmaceuticals
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?

They listen to feedback, genuinely want to hear your troubles and quickly implement long term solutions for your model and others by association. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Implementation could be better so there's less need for optimization later. Review collected by and hosted on G2.com.

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

One stop shop for plan acknowledgement, eligibility management, plan configuration and payout generation. More centralized in our administration across many teams, plans, performance periods. Review collected by and hosted on G2.com.