Iconixx Merit Review - why 4.5 stars?

Shlomi Lavi / updated: Mar 08, 2022

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What is Iconixx Merit?

Iconixx Merit is a cloud-based compensation management software designed to provide solutions for payouts, making it easy to design, create, and manage custom compensation management plans that fit business needs. The software comes with features such as:

• Compensation Planning: The compensation software can handle any combination of pay components, rules, computations, aggregations, and sequencing needed to align sales with your business strategy and customer engagement model.
• Commission and Calculation Process: Crediting and Calculation refer to a set of automated actions that the user can start via the calculation page or by a scheduled process. The calculation is usually started by defining the calculation period and group and beginning the compensation calculation procedure.
• Modeling and Forecasting: Compensation plan modeling allows employers to analyze various plan components and scenarios to anticipate compensation expenditures and develop the most effective incentive schemes for your company.
• Integrated Workflow: With an online automated workflow, real-time access, visibility, and processing of workflow operations and processing are all possible. Custom approval hierarchies, groups, email notifications, status, escalation, file attachments, and other custom functions are all simple to set up and manage.
• Governance and Reporting: Employers can use their modeling environment to make strategies that will give them confidence in the real results. They can also use common templates, produce ad hoc reports, or delve into sales data using various analytic tools available inside their system.

Iconixx Merit is a compensation management software that started in 2010. The company is headquartered in Austin, Texas, United States. The company has a workforce of up to 200 employees.

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Who is it best for?

The typical customers include the following business size: Small, medium and large size businesses.

What is the actual cost?

ITQlick pricing score is 6.8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Iconixx Merit.

Pros

• Iconixx Merit offers an optimal user interface and allows for seamless integrations
• The software is ideal for sales organizations
• Employers can easily design, create and manage compelling Salary, Merit, Promotion, and Increase Guides

Cons

• Lacking the Phone support channel
• No app version available

How it stacks up?

Access a head to head analysis of Iconixx Merit vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Iconixx Merit right for you or your business?

Iconixx Merit is a compensation management system fit for e-commerce businesses or companies interested in using a productive compensation and incentive software to keep their customers happy—firms like Raymond James, Datacolour, Cottage, and more use Iconixx Merit.