CellarStone launches BonusPlan - Variable Pay Incentive Software

BonusPlan is a Variable Pay Incentive Software that automates and eases the process of calculating Bonus Payouts for the workforce.

FOR IMMEDIATE RELEASE

CellarStone launches BonusPlan –A Variable Pay Incentive Plan Calculation program that automates the process of calculating quarterly and annual bonus for the workforce.

California May 21, 2004 -- CellarStone Inc., a leading provider of software solutions and consulting services announced today that it has released BonusPlan, providing a solution for calculating Variable Pay Incentives.

BonusPlan automates the process of calculating Variable Pay incentive plans such as Performance Bonuses, Profit Sharing, and Group Incentives.
BonusPlan helps align employee performance with organization wide goals and objectives. The Variable Pay plans are different from sales commission and CellarStone offers other products such as QCommission to handle sales commissions.

Many companies use custom built software or a system of spreadsheets to calculate the bonus payments to their employees. Custom programs require costly maintenance and spreadsheets are prone to errors, or worse very time consuming to the finance department. Bonus Plan removes all of these complexities, and allows the finance group to focus on more critical business needs.

BonusPlan allows a user to rapidly implement a Variable Pay plan in the software that will calculate bonuses quickly and accurately reducing costly errors in incentive calculations. These plans can then be easily modified to incorporate any changes that may occur.

The Performance measure data can be processed and calculated as frequently as necessary, and can handle frequency of payments such as monthly, quarterly and annual. Adjustments to the payout can be made and processed in the system.

Complete and comprehensive reporting ability allows the user to report on all the calculations in a very detailed form. The automatic payout results of BonusPlan reduce the errors, overpayments and inefficient manual process. You can also export the payout details to transfer the data into other systems.

BonusPlan is designed for companies that have 100 to 1,000 employees on bonus programs. It provides excellent value to the customer. BonusPlan is the perfect solution for tracking performance and calculating bonus payouts for an employee. It calculates employees’ compensation calculation quickly and accurately.

About CellarStone Inc:
CellarStone Inc. is one of the premier companies offering products and services in the international market. CellarStone works with IT, Finance, Human Resources and Sales to manage and implement variable pay and sales commission systems. The company’s software development division helps bring various software products to market.
http://www.qcommission.com/bonusplan/index.htm

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