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iComp is a flexible and easy to use web based application to:
- Captures the "real-world" business constraints to produce incentive plans that are consistent with your tactical goals. Advanced modeling capability allows iComp to plan for all territories, correctly accounting for multiple offices and physician access limits.
- Allow users to create business rules, add constraints, and simultaneously view multiple scenarios in a user-friendly manner. These help users experiment with multiple scenarios and select the right one.
- Easily integrate with tactical planning solutions such as iForce® and reporting frameworks for the home office or the field.
- Empower users with advanced reporting capabilities with a number of pre-built reports with filtering and drill-down capabilities. All these reports are down-loadable in different formats such as Microsoft Excel, Word, and Adobe Acrobat.
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Applications
iComp consists of several modules geared towards the common steps in incentive management:
- Plan design and simulation: Based on historic and projected information, iComp can quickly let stakeholders assess the impact, cost and other implications of a proposed plan and quickly steer the stakeholder body to a choice of plans that meets the objective of all parties. Instead of waiting for simulations, the team can move ahead quickly and onto discussing the strategic elements before arriving at a proposed plan.
- Goal Setting: Once plan elements have been decided, individual product and territory/rep goals need to be decided. With the backdrop of past performance and corporate objectives, iComp enables business rules or impactable sales based goals.
- Incentive Plan Administration: iComp leverages the power of a well designed administration workflow that accounts for eligibility, plan changes, personnel issues and all components of plan payouts. iComp is capable of handling most plan types and payout curves and for more innovative plans inbuilt flexibility can be leveraged to quickly include new plan types into the system.
- iComp can integrate with most common data sources such as prescription data sources, call reporting systems, SFA systems and even longitudinal patient data sources.
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iComp Advantages:
- Faster analysis of goal setting parameters enables consensus building
- Flexibility in plan design enables exploration of most suggested options, with clear reporting on financial and performance metrics to anticipate
- Robust application that is continuously being enhanced with new features and functionality ensures that you will always be abreast with the "best of breed"
- Automation in plan administration and inbuilt validation business rules minimize erroneous payments
- Easy to use system enables business users and field to directly interact with the system
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