Leading Consulting Firm Glenture Announces Partnership with Excentive to Provide Incentive Compensation Solutions
Northbrook, IL (PRWEB) January 20, 2010 -- The Glenture Group, LLC, leaders in Incentive Compensation Management (ICM) consulting, announced a partnership with Excentive to provide ICM solutions to companies looking to simplify and streamline their compensation systems.
The implementation of a sophisticated ICM system can result in millions of dollars in annual cost savings. These savings include reduced IT support costs, resource efficiency gains and increased sales force efficiency. In addition to cost savings, there are also many appreciable benefits to an ICM system, including increased confidence in organizations. This increase in workforce confidence is a direct result of more transparency in the goal setting process, commission calculations and bonus management process. ICM systems allow organizations to be more agile when implementing new strategies or simply editing existing compensation plans, creating a high performing environment.
Glenture understands the needs of organizations to have an Incentive Compensation System that allows them to rapidly adapt to new strategies and bring new services and products to market. Excentive draws on experience in many fields, combining technical and HR talent, keeping up with best business practices and integrating them rapidly into their solutions, continually providing superior added value.
“This opportunity is exciting for Glenture because it allows us to leverage our existing experience with Compensation Management Systems. The partnership is a great fit. Excentive is built upon a Microsoft SQL Server platform allowing us to fully utilize our in-house SQL Server / Data Warehousing experts,” says Glenture Practice Director, Jobin Ephrem. “The Excentive product shows us that they provide the total package in compensation management. Our customers no longer need to have multiple systems to handle Incentives Management, Bonus Management, Long Term Equity Management and the Salary Review process. The Excentive Compensation Cockpit allows your organization to administrate these four processes from one tool.”
“We are thrilled to be partnering with a premier consulting firm like Glenture, who is recognized as a leader in the performance management arena,” Jeff Yoder, VP of Sales & Marketing for Excentive states. “Glenture understands how compensation is often a company’s largest cost driver as well as its most important performance driver, since it is the primary motivational tool used to align behavior to strategy. Glenture has experience not only with compensation management systems but also with how those systems can be used to drive overall performance. They have the business and technical expertise to both streamline the compensation function and tie it to bottom line results.”
About Glenture
The Glenture Group (www.Glenture.com) is a consulting and software delivery firm focused in the areas of financial and operational performance – what industry refers to as Performance Management. Glenture solutions are designed to provide management with optimal insight into their business by allowing strategies to be evaluated, modeled, planned and compared to actual industry benchmarks or other relevant management criteria. Glenture has been focused on helping clients realize this vision since 2001. Glenture was recently identified as one of the fastest growing small businesses in America by Inc magazine in 2009.
Glenture is a certified SAP and Microsoft Implementation Partner with the specific expertise in the solutions applicable to BWS. We have provided business intelligence technology expertise to many industry leading firms through over 300 Enterprise Performance Management Solutions implementations.
About Excentive
Excentive (www.excentive.com) develops, sells and supports Enterprise Incentive Management (EIM) and Enterprise Performance Management (EPM) solutions and related services that enable organizations to strategically manage all aspects of compensation and rewards management to employees, distributors, brokers and channel partners. Its flagship product - Excentive Compensation Cockpit - unifies Variable Rewards, Incentive Management and Compensation Review. Excentive delivers a high ROI in a very short timeframe by enabling organizations to align variable compensation plans with strategic goals and rapidly deploy new sales and distribution strategies.
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