Iconixx Merit Review - why 4.5 stars?

Iconixx Merit Review
ITQlick Score: 90/100
ITQlick Rating: (4.5/5)
Pricing: 6.8/10 - high cost
Category: Compensation Management -> Iconixx Merit
Ranking:Ranked 1 out of 28 Compensation Management systems
Company: Iconixx
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile
Links: Iconixx Merit pricing, Iconixx Merit alternatives

Shlomi LaviShlomi Lavi / updated: Mar 08, 2022

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What is Iconixx Merit and its features?

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.

What is Iconixx Merit rating?

The rating of Iconixx Merit is 4.5 stars out of 5 and the total score is 90 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses Iconixx Merit?

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

Is it easy to use?

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

Is Iconixx Merit cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

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

Is Iconixx Merit the best Compensation Management system?

Iconixx Merit is ranked 1 out of 28 software in their category (Compensation Management systems).

What are Iconixx Merit's pros? (3 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

What are Iconixx Merit's cons? (2 cons)

  • Lacking the Phone support channel
  • No app version available

Who are their main alternatives?

Iconixx Merit competes with other compensation management systems like CaptivateIQ, Spiff, and Xactly Incent. We will compare these compensation management systems in some specific aspects below.
  • Functionality: Iconixx Merit offers features like Compensation Planning, Commission and Calculation Process, Modeling and Forecasting, Integrated Workflow, Governance & Reporting, Agency Commission, Compliance Management, Commission Calculator, Multi-Currency, Sliding Scale Commissions, etc. CaptivateIQ offers features like Integrations, Data Import/Export, Reporting & Statistics (available in Iconixx Merit), Reporting/Analytics, Performance Metrics, Workflow Management, Agency Commission, etc. Spiff offers features like Rollups and team management, Powerful overwrites, Seamless integrations, Traceability, Real-time Feedback, Dispute Management & Commenting, Real-time visibility, Reporting (available in Iconixx Merit and CaptivateIQ), etc. Xactly Incent offers features like Compensation Plan Configuration, Document and Workflow Management (available in Iconixx Merit), Reporting and Dashboards, Powerful Integrations, Commission Calculator, Sliding Scale Commissions, Percentage Commissions, Compensation Statements, Organizational Charting, etc.
  • Customers/Industries: Iconixx Merit targets Retail, Manufacturing, Mortgage, Financial Services, Insurance, Life Sciences, High Tech, Healthcare, Communications, etc. Iconixx Merit has customers like CBS, Henkel, Scholastic, RentPath, Randstad, Raymond James, Datacolour, Cottage Health, DrFirst, SeaGull Scientific, etc. CaptivateIQ targets Transportation, Financial Services, Staffing and Recruiting, Developer Software, Medical Practice, Transportation, Network Security, etc. CaptivateIQ has customers like Intercom, Planview, Schweiger Dermatology Group, JMAC Lending, Truckstop.com, G2 Crowd, etc. Spiff has customers like Gremlin, Udemy, Bynder, Algolia, LogDNA, Tapjoy, Weave, Politico, MiQ, etc. Xactly Incent has customers like Vodafone, pendo, Blackbaud, LinkedIn, MetaComplaince, Keep IT Simple, Databricks, Flowserve, National Instruments, Addison Group, etc.
  • Cost: The license cost information for Iconixx Merit and all its alternatives are unavailable.
  • Cloud-based/On-premise: Iconixx Merit and all its alternatives are cloud-based.
  • Popularity: Iconixx is privately held and has helped hundreds of companies of all sizes and across myriad industry verticals. Xactly Incent is publicly traded on the NYSE under the XTLY symbol with 1600+ organizations.
  • Scalability: Iconixx Merit and its alternatives can accommodate businesses of all sizes.
  • Support: Iconixx Merit offers support channels like Email/Help Desk, FAQs/Forum, Knowledge Base, 24/7 (Live Rep), and Chat. Spiff offers Email/Help Desk, Phone Support, 24/7 (Live Rep), and Chat. Xactly Incent only offers 24/7 (Live rep), while CaptivateIQ offers Email/Help Desk, Knowledge Base, Phone Support, and Chat.

What is the cost of Iconixx Merit?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.8 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Iconixx Merit

What should you ask Iconixx during a demo session? (65 questions)

Schedule a demo with Iconixx Merit and access 65 must ask questions for the vendor while watching Iconixx Merit in action. Visit the vendor's website here.

Where Iconixx Merit is used?

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.

List of categories

Performance Management
Human Resources
Applicant Tracking
Sales

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.