Compensationxl Review - why 4.8 stars?

Compensationxl Review
ITQlick Score: 85/100
ITQlick Rating:
Pricing: 4/10 - average cost
Category: Compensation Management -> Compensationxl review
Ranking:Ranked 3 out of 28 Compensation Management systems
Company: Hcr Software
Pricing: starts at $5,000 per year
Typical customers: Medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Compensationxl pricing, Compensationxl alternatives
Shlomi LaviShlomi Lavi / updated: Apr 26, 2022

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What is Compensationxl?

CompensationXL is a compensation planning solution for businesses of all sizes. It offers such services as incentives management, ad hoc reporting, routing automation, integration, and others. The software was designed and launched by HCR Software headquartered in Florida, United States.

Who is it best for?

Customers of the software include small and medium businesses as well as large enterprises. Major industries where the software can be deployed include financial services, retail and wholesale, healthcare and hospitality, and others.

Main features and functionalities

The software offers comprehensive planning of compensation planning cycles and also covers all the related workflow issues. Businesses are given the freedom of using their current Excel compensation worksheets for new configuration. The software also offers complete visibility into crucial business processes and secure data access. It eliminates the need of manual data entry and automates business rules force compliance. The errors associated with manual work during the copying, inspecting, and consolidating of workbooks are overcome.

CompensationXL offers ad hoc reporting along with automated of approval routing. It also offers integration with a variety of third party ERP and HRMS systems. Other important capabilities include custom pages, merit planning, short and long term incentives, and complex calculations etc.

What is the actual cost?

The cost of license starts at $5,000 per year. ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Compensationxl. You can also find here pricing information from Compensationxl's website.

How it stacks up?

Access a head to head analysis of Compensationxl vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Compensationxl
ITQlick rating
4.8/5
Score
85/100
Pricing
4/10
License pricing
$5,000 per year
Functionality
6
Compare
Iconixx ...
ITQlick rating
4.5/5
Score
90/100
Pricing
6.8/10
License pricing
Pricing not available
Functionality
4
beqom EP...
ITQlick rating
3.5/5
Score
89/100
Pricing
3/10
License pricing
Pricing not available
Functionality
3
Blueforce
ITQlick rating
4.1/5
Score
82/100
Pricing
2.4/10
License pricing
$309 per month
Functionality
18
PensionBenefitsXG
ITQlick rating
2.8/5
Score
81/100
Pricing
9.8/10
License pricing
Pricing not available
Functionality
5

Frequently Asked Questions (FAQs)

Is it the best Compensation Management system?

Compensationxl is ranked 3 out of 28 software in their category (Compensation Management systems).

How they are rated on ITQlick?

The rating of Compensationxl is 4.8 stars out of 5 and the total score is 85 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Compensationxl makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access Compensationxl on your mobile/smart phone.

What should we ask during a demo session?

Differences between Compensationxl and alternatives?

The most popular alternatives to Compensationxl in 2023: Iconixx Merit, beqom EPM, Blueforce, Compease, PensionBenefitsXG. Access the complete competitors analysis here - Compensationxl VS Compensation Management Software alternatives.

List of categories

Accounting & Finance
Human Resources
Compensation Management

List of features

Data Import/Export
Basic Reports
Online Customer Support

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.