The OIC / FIC / SPM Practice brings together seasoned OIC / FIC / SPM experts who collectively have a total of 20 man years of expertise in Oracle Incentive Compensation in various capacities including, support, product development, extension development and consulting. Members of our practice have successfully delivered several mid to large size OIC / FIC / SPM implementations in various industry sectors included but not limited to Retail, Telecommunication, High Tech, Electronics and Media sectors. Some of the large scale implementations compensated approximately 50,000 employees and in others averaged a monthly transactional volume of 15 million. In addition to OIC / FIC / SPM expertise, the practice brings more than 10 years of experience with various vertical and horizontal products of the Oracle EBusiness Suite.
Our key objective is to have our clients realize the benefits of their investment in OIC / FIC / SPM. These benefits are reflected in the following demonstrated metrics:
We believe, in due diligence in understanding
This approach stages us to implement OIC / FIC / SPM in a building blocks fashion ground up.
There are several ways to achieve a certain paid out compensation in OIC / FIC / SPM. Majority of the OIC / FIC / SPM implementations become un-wieldy after a year of service. This can be due to calculation slow down, plan and general set up maintenance overhead and slow down of payment process. Our experts have a clear understanding of data growth within OIC / FIC / SPM module and how it is inter-related in various parts of the application. Using our implementation philosophy, we can project data growth in OIC / FIC / SPM over a 5 year period and determine the optimal approach to OIC / FIC / SPM/CRM configuration, transaction consolidation and sales credit allocation. Some of our successful implementations have been in service for almost 7 years with calculations running in acceptable time frames.
OIC / FIC / SPM requires several variables in addition to revenue transactions for paying incentive compensation; and calculated compensation has to be paid out either via payroll or accounts payable process. Therefore, Interfaces are in-evitable. We have a substantial experience interfacing with several modules within the Oracle E-Business suite and Third party systems or other Home grown applications.
Here are the Interface and Integration needs that the industry requires with a typical compensation system.
BPEL and generic workflow applications are integral to most of the tier 3 applications. OIC / FIC / SPM currently does not have a mature usage of these technologies. However, tasks such as quota collections, quota approvals, plan approvals, adjustment approvals and finally payment approvals would benefit substantially with such technologies. Our experts have been deploying and implementing workflow technologies for about 8 years and have leveraged in various OIC / FIC / SPM projects for Quota collections and approval.
Our experts have designed and built several extensions and tools for OIC / FIC / SPM module, that are re-usable at various client sites and in certain cases specific to a client requirement. These have enabled functionalities such as
One of the challenges faced today by OIC / FIC / SPM in 11i releases is keeping track of historical rates or targets that have been set on the plan elements or rate tables.
Do you have skype? If so and we are online then please click on the person below you wish to chat with.
Chat about Consulting and Oracle Applications SME
Chat about Oracle CRM, Fusion and Technology
Most people if asked, would take a wild guess and state that project management is only a recent...
Technological advances in information and communication management The last thirty years have...
Increase in Corporate Complexity As technology has advanced existing business models have changed that...
Globalization The technology revolution has reduced the cost and risk of companies expanding into...
Operational challenges of working beyond traditional boundaries As work becomes easier to...
An increase in accountability and visibility of work As organizations strive to become more...
“What do you mean? I thought you would know!” was the reaction I got from a program mgr that I...
Attending a tradeshow as an exhibitor is no easy task, especially if you are a small business...
Making Project Status Reporting less painful Do you hate producing project status reports? I...