Phoenix, AZ (PRWEB) May 29, 2010
Incential Software, Inc., a leading provider of Incentive Compensation and Sales Performance Management Solutions to the Life Sciences industry and Incentive Logic, a leader in incentive and rewards technology and services, today announced a partnership to provide rewards program design and administration services to life sciences customers through Incential’s Compensation Manager software-as-a-service platform.
Customers using Incential Compensation Manager to administer their cash-based sales compensation programs can now add non-cash programs with merchandise, travel and gift card rewards. A single, integrated interface allows administrators to build plans for short-term contests, annual President’s Clubs and other rewards programs directly in the same software they use to administer all of their cash incentives. The results of reward program calculations, whether they are measured in points, dollars or rankings, are transferred to the rewards redemption engine via secure web services. Sales Reps and Managers can view their progress, determine winners and redeem their rewards within the same, secure and personalized Incential Portals where they access all of their other performance data.
A key advantage of non-cash reward programs over traditional cash incentives like bonuses and commissions are that they can increase employee retention; motivating high-performing sales representatives with the ability to build their points and rewards over time.
Incential’s experienced consultants will assist Clients in designing the most effective rewards program beginning with the corporate and brand objectives, then identifying the optimum measurement and even selecting the specific merchandise or travel options.
Incential is a leading provider of sales performance management software and services to pharmaceutical, biotech and medical device companies. Since 1998, Incential's suite of incentive compensation, data management and business intelligence solutions combined with our staff of experienced consultants from the Life Sciences industry have made Incential the choice of over 100 sales forces and 18,000 representatives for solutions that drive sales performance. Incential has facilities in Raleigh and Phoenix. For more information, please visit Incential’s website at http://www.incential.com.
About Incentive Logic
Incentive Logic, Inc. is a full-service online incentive solution company delivering the robust technology, services, and rewards choices that motivate and change behavior for our client partners. Incentive Logic's enterprise class platform, program design expertise, and management support are utilized by businesses from Fortune 500 to INC 5000 for more than a decade, with over 20 million current program participants and 100 million monthly transactions. Founded in 1998, it has been named one of INC 5000's fastest-growing private companies for 3 years running. For more information, please visit Incentive Logic's website at http://www.incentivelogic.com.