• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, May 16, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

ACT21 Softwares launches iNCENTIVO, a comprehensive incentive / commission management software, powered by ACTICO Platform

by Rohan Mathawan
June 25, 2019 - Updated On June 28, 2019
in Business, News
Reading Time: 3 mins read
0
iNCENTIVO

???????????????????????????????????????

TwitterWhatsappLinkedin

In today’s times, companies engage a wide variety of workforce for sale of their products and services – including a mix of their own employees as well as external agencies. Over the last few years, there has been a steady rise in the contractual and temporary workforce, with companies looking at expanding their ‘feet on street’ workforce. While this model works well, one of the challenges that comes up is during the calculation of incentives or sales commission for these employees. There are numerous (and complicated) payout structures, variance in schemes and a lot of data that needs to be processed every month. 

You might also like

Dick’s Sporting Goods to Acquire Foot Locker for $2.4 Billion in Bold Bid to Corner the Nike Market

iPhone 20 Pro Rumored to Redefine Smartphones in 2027 with a Stunning, Buttonless Design

OpenAI Rolls Out GPT-4.1 and GPT-4.1 Mini in ChatGPT

Often, these computations are done on spreadsheets – this is not only time consuming and cumbersome, but also error prone. There are common instances of excess payouts leading to monetary losses; or less payouts that lead to unsatisfied salesforce. Both scenarios can be devastating for organizations.

Forward-looking companies do adopt a certain degree of automation to streamline this process. However, the computation logic is hard-wired in to the IT systems, resulting in inflexibility, which becomes a challenge when a new scheme is to be introduced or a new agency on-boarded. Also, with all these changes and complexity, documentation & traceability of calculations, and hence, auditability of the process becomes a challenge.

To address these, Delhi based ACT21 Softwares has launched iNCENTIVO, powered by ACTICO’s industry leading decision automation technology. This is a one-of-its-kind comprehensive solution to administer and manage incentives & commissions. With this solution, compensation professionals can track the sales team’s performance and manage incentive definitions, set sales quotas and quickly implement changes in response to market changes. iNCENTIVO can be seamlessly integrated with existing IT environment & core business applications, including downstream applications such as accounts-payable or payroll system for disbursement and financial accounting. The system has process-driven workflows and controls in place to efficiently manage and monitor payouts. The system also maintains the complete audit log of all user activities, inputs as well as outputs for audit and compliance purposes.

Speaking on the launch of this new solution, Pankaj Gupta, Founder & CEO, ACT21 Softwares, said “With this launch, we are trying to address a key pain point for any organization, which employs a sizeable salesforce. In the near term, our focus will be financial institutions including Banks and NBFCs. In medium to long term, we aim to venture into new industry segments such as pharmaceuticals and retail. iNCENTIVO is uniquely positioned to be the go-to solution in the area of incentive payout calculation and will enable these organizations to transform their variable compensation processes”.

Added Ajit Shah, Managing Director, APAC, Middle East and Africa, ACTICO “iNCENTIVO is powered by our decision automation technology and provides a flexible and scalable solution for management of commissions and incentives. Our low code automation platform enables our partners, such as ACT21 Softwares to build intelligent solutions to increase business efficiency and tackle specific industry problems with a high ROI and quick payback period for clients.”

There are two kinds of pricing options available for iNCENTIVO, so as to cater to diverse customer requirements and ensure that the product is equally lucrative for both large as well as small firms. Companies can either license the technology or opt for an annual subscription. 

Tweet54SendShare15
Previous Post

Open raises $30 Million funding

Next Post

Streak AI Technologies secures $1 million

Rohan Mathawan

Content Editor at Techstory Media | Technology | Gadgets | Written more than 5000+ articles about different niches from Tech to online real money gaming for reputed brands and companies. Get in touch Email: [email protected] For Business Enquires related to TechStory [email protected]

Recommended For You

Dick’s Sporting Goods to Acquire Foot Locker for $2.4 Billion in Bold Bid to Corner the Nike Market

by Anochie Esther
May 16, 2025
0
Foot Locker

In a surprising retail shake-up, Dick’s Sporting Goods announced its plans to acquire Foot Locker in a $2.4 billion deal, aiming to solidify its dominance in the competitive...

Read more

iPhone 20 Pro Rumored to Redefine Smartphones in 2027 with a Stunning, Buttonless Design

by Anochie Esther
May 16, 2025
0
iPhone 20 Pro

It’s not every year that we hear whispers of a complete reinvention of the iPhone. But as Apple approaches the 20th anniversary of its most iconic product, rumors...

Read more

OpenAI Rolls Out GPT-4.1 and GPT-4.1 Mini in ChatGPT

by Anochie Esther
May 16, 2025
0
GPT-4.1 and GPT-4.1 mini.

OpenAI is once again pushing the boundaries of AI usability and performance with the official rollout of its latest flagship language models: GPT-4.1 and GPT-4.1 mini. These next-generation...

Read more
Next Post
Streak AI Technologies secures $1 million

Streak AI Technologies secures $1 million

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?