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Oracle Incentive Compensation

4.7
(5)

Oracle Incentive Compensation (OIC) is a global variable compensation application that automates the design, administration, and analysis of transactional pay-for-performance incentive programs to align sales behavior to corporate goals.

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Oracle Incentive Compensation Reviews

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Showing 7 Oracle Incentive Compensation reviews
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Oracle Incentive Compensation review by Consultant in Information Technology and Services
Consultant in Information Technology and Services
Validated Reviewer
Verified Current User
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 Crowd scores.

"Easy to use automated compensation management"

What do you like best?

Accurate and can be incorporated into varied business transactions

Eliminates the headache of creating and maintaining multiple planning and calculation spreadsheets

Integrated to both Order management and Account receivables to support SAAS, H/w, S/w transactions for thousands of users

Collections, calculatios and payment processes can be scheduled with minimum manual intervention

Customized analytics and reports

What do you dislike?

UI can be more user friendly, requires thorough business knowledge of compensation plans

What business problems are you solving with the product? What benefits have you realized?

I was part of the quality team using OIC to ensure it meets predefined quality criteria

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Oracle Incentive Compensation review by Rebecca H.
Rebecca H.
Validated Reviewer
Verified Current User
Review Source

"Easy to navigate, user friendly"

What do you like best?

The ability to update transactions easily. The ability to update the configuration

What do you dislike?

The initial set up is cumbersome and confusing

Recommendations to others considering the product

make certain you know your business rules prior to configuration

What business problems are you solving with the product? What benefits have you realized?

Collections, calculations and payment of commissions and commission tracking for over 200 sales persons

What Sales Compensation solution do you use?

Thanks for letting us know!
Oracle Incentive Compensation review by Yanzhong X.
Yanzhong X.
Validated Reviewer
Review Source
Business partner of the vendor or vendor's competitor, not included in G2 Crowd scores.

"Flexible & scalable Compensation application"

What do you like best?

Very scalable, flexible, easy to extend to complex business needs for clients in specfic industrial or global

What do you dislike?

not easy to do functional configuration/setup. It can be challenging for business user to configure setup on their own.

Recommendations to others considering the product

if you have right resource to implement with strong internal business users/support, you have good chance to succeed with this product

What business problems are you solving with the product? What benefits have you realized?

sales credit can be split by multiple year contracts/projects, multiple regions by certain type customers

Oracle Incentive Compensation review by Internal Consultant in Computer Software
Internal Consultant in Computer Software
Validated Reviewer
Review Source

"OIC is a very flexible product to implement. You need a good developer in addition to the functional"

What do you like best?

It provides many out of the box interfaces to HR, CRM, OM, and A/R

What do you dislike?

It does not provide for Creating and signing off of the Incentive compensation plan by the employee or manager

Recommendations to others considering the product

Yes

What business problems are you solving with the product? What benefits have you realized?

Eliminated multiple spreadsheets

Improved and standardized calculation processes across plans and groups

Used CRM seeded ā€œTeamā€ framework

Leveraged Compensation Reporting Hierarchy to provide access to Managers

Enabled Self-Service Commission Statements

Found the right and great implementation partner

Go live team work and partnership with internal resources were exceptional

Ran parallel testing for 1 month

Oracle Incentive Compensation review by Administrator in Financial Services
Administrator in Financial Services
Validated Reviewer
Verified Current User
Review Source

"Fast!"

What do you like best?

The transparency and the ability to recieve compensation on time

What do you dislike?

The questions can be a little too in depth

What business problems are you solving with the product? What benefits have you realized?

Questions that are being asked really exploit areas of improvement and use

Oracle Incentive Compensation review by Consultant in Information Technology and Services
Consultant in Information Technology and Services
Validated Reviewer
Review Source

"Oracle Incentive Compensation - Leader in commision calculation"

What do you like best?

The easy to use and implement design. The performance and scalability is great.

What do you dislike?

The need to buy additional modules to implement OIC. The license cost.

Recommendations to others considering the product

Just make a decision if your incentive program is going to be large so you will be satisfied paying a higher cost to Oracle.

What business problems are you solving with the product? What benefits have you realized?

The implementation that I work with is primarily to calculate commission for sales done by associates.

Oracle Incentive Compensation review by User in Computer Hardware
User in Computer Hardware
Validated Reviewer
Verified Current User
Review Source

"Would say good and not excellent"

What do you like best?

User friendly

Easy to navigate along different tabs

Consumes less time to generate calculations in system

What do you dislike?

All employee set ups has to be done in CRM in order to reflect in OIC

There are no load files for employee set ups to be done in CRM and has to be set up manually

Reporting is limited

What business problems are you solving with the product? What benefits have you realized?

Improving portal statements linked to OIC

Kate from G2 Crowd

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* We monitor all Oracle Incentive Compensation reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. Validated reviews require the user to submit a screenshot of the product containing their user ID, in order to verify a user is an actual user of the product.