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Varicent Reviews & Product Details - Page 5

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 Banking
UB
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?

I am really impressed by software flexibility. it allows to use it not only for the envisioned compensation and sales performance needs but other business processes and calculations! Unlike its competitors it does not "lock you" into predefined format or process'.

I also love the constant striving for developing new and advanced features. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Caclulations can run in either real time or batch, but not both. This is not the way our compensation process works. Also, Varicent could use a boost in its offline and real time performance Review collected by and hosted on G2.com.

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

At this point it's not sales but broad- band compensation where we use Varicent. It is the only software that can meet our requirements with configuration rather than custom build. Review collected by and hosted on G2.com.

JB
Associate Business Systems 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 variety of sessions that were offered by varicent to keep the people at the conference engaged. The product roadmap to integrate AI is also very exciting. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Nothing to dislike currently, we are thoroughly enjoying the product. Review collected by and hosted on G2.com.

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

Redesigning the composer tool will drastically reduce build time and increase development speed which is currently a core focus of ours. Review collected by and hosted on G2.com.

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

Continuous improvement to the product. To name few major enhancements to symon.AI, Plan documents, Works flow and Experience builder with low code. Also, it’s became one shop for all the sales and incentive commission managements needs Review collected by and hosted on G2.com.

What do you dislike about Varicent?

There are few still areas for process improvement in regarding the Role permissions, Portal Access Rules deletion. Restarting of workflow should not clear of pending inquires Review collected by and hosted on G2.com.

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

Ease for the users to track their incentives and Growth and also helps users clearly the details about their business revenues and acknowledement of Incentives .It also helps to minimize the manual errors and omissions. Review collected by and hosted on G2.com.

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

I like how Varicent lets us create different types of plans with various components that can be used for different roles and different teams Review collected by and hosted on G2.com.

What do you dislike about Varicent?

While updating data for individual payees, we currently face the time-consuming task of updating multiple tables. In addition to the backend table, is it possible to consolidate all payee data on a single page for administrative convenience? Review collected by and hosted on G2.com.

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

Designing and creating a complex plans and creating a sales crediting logic Review collected by and hosted on G2.com.

Response from Paul Peters of Varicent

We appreciate your feedback on Varicent's flexibility in creating different types of plans for various roles and teams.

There are recent advancements with the Report Data Model and Data Stores which may start you on a path to more efficient administration.

Thank you for being a Varicent customer.

- Paul Peters

Director Customer Success

Emet C.
EC
Senior Director, Broker Digital & Operational Experience
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Varicent?

Honestly, it's the people at Varicent that make the use of this platform worthwhile. We have an amazing client support manager who has supported us through challenging times as we have transitioned to using Varicent. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

Implementation was extremely difficult and challenging. But we have come out of it for the better. Review collected by and hosted on G2.com.

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

Accuracy of compensation payments Review collected by and hosted on G2.com.

KS
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?

User-friendly tool with an easy-to-understand model. New features like presenter adaptive and discovery dashboard have been the cherry on the cake. however, they are still in their early stages. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

1. Scheduler items are a bit clumsy. All things should be collapsed at first. Multiple selections should be available so the user can move/delete all at once.

2. In View History, changes done at that time should be highlighted for easy understanding.

3. In calculation restrictions, text string manipulation operators should be available e.g., like/contains etc.

4. Following are the points on Presenter Adaptive Report:

-Stored Value created does not appear in sorted order of their name

-tile dimension should be adjustable

-Font size options are very limited. More should be present for greater flexibility

-Chart titles allignment option should be available

-Flexibility to select font type and size in Charts. Currently, no such options present.

-Page break view should be available so that designing become easy.

-Custom column width option should be available in a Table. (Options to select different column width for different columns)

-Generating PDF with Conditional formatting for around 3 pages is showing error.

-Options to repeat header on all pages in PDF is not their.

-Conditional operator should be available in restriction part like : If() etc

-Folder structure should be available for Stored value Review collected by and hosted on G2.com.

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

Sales commission operations are fully automated in Varicent, which is very helpful for our daily business work. Reports related to sales performance etc. have also been in Varicent for the management review. Review collected by and hosted on G2.com.

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

Varicent is a complete tool from sales planning to incentive payments. I love the customer service and the fact that the company treats everyone like they are all long-time customers, no matter how long they have used the system. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

We don't have a downside of using Varicent, however there are some limitations that keep us from using the system as complete as we'd like. If they could somehow get a modeling tool that would allow us to model changes to comp plans or do impact analysis for new plan designs, it would allow us to reduce the number of systems we have to work in and we can have a one-stop shop in Varicent. Review collected by and hosted on G2.com.

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

Without Varicent we would have to calculate all of our plans manually, which is not feasible given the number of payees that we have. Review collected by and hosted on G2.com.

Response from Paul Peters of Varicent

We're thrilled to hear that you are enjoying our product and customer service. We appreciate your feedback and will definitely take your suggestions into consideration for future improvements.

- Paul Peters

Director Customer Success

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

Even for a large and complex comp plan and operating model Varicent ICM does have the flexibility to simplify and process efficienctly Review collected by and hosted on G2.com.

What do you dislike about Varicent?

The custom and specific development langauge and best practices require specialized training & knowledge; It is a steep investment/learning curve for new resources to the tool; Review collected by and hosted on G2.com.

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

Batch processing and Automated comp processing across all kinds of earnings and plans; Review collected by and hosted on G2.com.

Verified User in Banking
AB
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 Incentives suite of tools is comprehensive and flexible enough to allow the design of any compensation plan. The ability to pull reliable and consistent compensation data from the system allows our team to thrive at audit time. Also, the people at Varicent are the best! From our client sucess manager to product technical support team, everyone we are in contact with is attentive and responsive. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

As there is much to enjoy about the tool, I would like more performance power dedicated to performing computationally expensive calculations and data manipulations. Review collected by and hosted on G2.com.

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

Varicent ICM assists our organization by enhancing our incentive compensation processes' consistency, reliability, and record-keeping. The ICM environment allows us to experiment with various framework adjustments. Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Varicent?

Its robust features include efficient incentive compensation management, insightful analytics, and a user-friendly interface. The platform effectively automates incentives calculations and provide valuable insights to drive performance. Apart of that presenter reports are easy to implement and develop. Review collected by and hosted on G2.com.

What do you dislike about Varicent?

User customization options could be more intuitive and occasional system complexities may require additional support. Review collected by and hosted on G2.com.

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

Varicent solves the complex challenge of managing sales performance and incentives efficiently. For me, this means streamlined and accurate compensation calculations, leading to increased transparency and fairness in reward system. Varicent automations simplifies administrative tasks, allowing me to focus more on complex tasks. Review collected by and hosted on G2.com.

Response from Paul Peters of Varicent

We're glad to hear that you find Varicent's features robust and efficient. We appreciate your feedback on the user customization options and occasional system complexities, and we'll take that into consideration for future improvements.

Very exciting news, if you've not heard yet, we have more options for sellers and payees through Presenter Adaptive reporting. Self Calculators and individual views are available options to consider. Reach out to your CSM and ask for more information, or join the Varicent Community to see instructional videos and documents.

Thank you for being a Varincet Customer.

- Paul Peters

Director Customer Success