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Varicent Reviews & Product Details - Page 4

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.
Tom S.
TS
Sales Incentive Plan Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

Lots of documentation and how-to videos available. Plenty of customer support with ticketing, ask and expert and the Varicent community. Easy to generate reports and export them in various formats. Very good search functions and troubleshooting ability. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Sometimes formulas can be a little difficult to follow via SQL. Our model has a number of hidden Python scripts that can't be accessed. Review collected by and hosted on G2.com.

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

Incentivizing salespeople with an easy to understand plan and reports showing people where they stand. Review collected by and hosted on G2.com.

CW
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: In-app
What do you like best about Varicent?

Processing times have been decreased. More tasks have been automated or have increased efficiency. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Standard formatting in the workflow generated email is non existent. No links or any formatting at all can be done. Copy/Paste is not something I have figured out how to do yet from Reports or System Tables. Currently I am not able to do it, but the functionality has to be there. Review collected by and hosted on G2.com.

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

Automating more manual tasks. Decreasing calculation run times. More calculations are being done systematically. Creating a better user experience with Dashboards for Sellers. Review collected by and hosted on G2.com.

Hemant J.
HJ
Process Manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
(Original )Information
What do you like best about Varicent?

Varicent has made designing complex compensation plans very easy. Using its different modules we were able to implement Approval process, Incentive summaries, automating new Payee onboarding and scheduling different jobs very easily and smoothly. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

I have been using varicent from last 5 years and till date finding a major downside of the tool is really difficult. However, if I would be nitpicking I will say that we can make Logs more comprehensive. Review collected by and hosted on G2.com.

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

Prior to using Varicent, we were handling incentive payouts for around 4000 payees manually. Tasks like payouts, approval process, incentive summaries and then Reporting, almost all were done on different tools which was tiresome and difficult to manage. After we started using Varicent, we can now look after all these tasks from a single tool which saves us abundance of time and energy for other stuff. Review collected by and hosted on G2.com.

Response from Paul Peters of Varicent

Hemant -

Thank you so much for being a customer of Varicent. We appreacte that you took the time to write such a kind review of the offering. One of the unique aspects of your use case is the size and volume of what you deal with in every cycle. It's satisfying to read that you are able to use these modules inside Varicent ICM for automation and reporting.

I look forward to seeing you again soon. Thank you for being a valuable member of the Varicent community.

Paul Peters

CK
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 people at Varicent have been great.. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

The size of my company I believe is new. Review collected by and hosted on G2.com.

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

We are just starting a sales planning implementation that will hopefully seriously reduce manual work and talk to the incentive model in a far more efficient way. Review collected by and hosted on G2.com.

JR
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?

Very intuitive and customizable for our data model. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Some of the functions need to be upgraded. Migration process is a bit clunky compared to the other pieces. Review collected by and hosted on G2.com.

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

They are solving our incentive compensation needs from start to finish Review collected by and hosted on G2.com.

Rob L.
RL
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?

It makes a comp admin's life so much easier by allowing reps to see in real time what they're getting paid. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

It can be a challenge to implement and troubleshooting issues can take some time. Review collected by and hosted on G2.com.

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

Accurate calculations Review collected by and hosted on G2.com.

Verified User in Staffing and Recruiting
AS
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

My favorite thing about Varicent is how easy the design was. We just went through a full system rewrite and upgrade and being able to simplify tables and calculations on the back end was very helpful. I also like how customizable the reports are or can be. I use Varicent on a daily basis and support a network of 3000+ staffing recruiters. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

We have had issues with users making changes while a calculation is running, which results in an error of some sort. Varicent has also introduced product updates without warning that negatively impact our system and we did not have time to prepare for that impact. Review collected by and hosted on G2.com.

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

Varicent takes care of our complicated comp plan calculations and we are able to display these calculations in the bonus statements for employees. Review collected by and hosted on G2.com.

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

The ability for the software to work with our data as well as the availability of companies readily available to help tailor the Varicent solution to fit the needs of our business. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

It would be nice for there to be a holistic approach of having consultants from Varicent who work with you to tailor the solution. We partner with a different company to tailor the Varicent solution to fit our needs. Review collected by and hosted on G2.com.

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

The system calculates the commissions for our sales folks. It benefits us because it is flexibile enough to fit our business model and an external company can create a system much more easily than an in house IT could. Review collected by and hosted on G2.com.

Verified User in Computer Software
IC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

Enables our company to consoidate commission payouts. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

It can take a few days sometimes to correct a calculation issue. Review collected by and hosted on G2.com.

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

In the past we had to calculate commission derrals manually. Varicent is able to process these automatically freeing up our time to work on other things. Review collected by and hosted on G2.com.

Verified User in Financial Services
EF
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 product overall has improved a great deal over the past few years. It performs well at it's core tasks, and has good flexibility. Support for the product is mostly very good. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Sometimes continuity is slightly lacking in support. We may have the same issue occurring multiple times and receive different answers which means we could be missing underlying issues Review collected by and hosted on G2.com.

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

sales crediting and sales compensation Review collected by and hosted on G2.com.