8/8/2017 Oracle Incentive Compensation Overview | OracleApps Epicenter

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Oracle Incentive Compensation Overview

Posted on June 22nd, 2009 by Sanjit Anand | Print This Post | Email This Post

Have you tried OracleappsHub in ipad/iphone/smart Phone? Don't wait. try

it today

What is Oracle Incentive Compensation (OIC)?

Oracle Incentive Compensation is a global compensation management application that allows

organizations to align the business objectives with sales force activities. Using Oracle Incentive
Compensation organizations can automate the complex task of calculating variable compensation
and ensure timely and accurate payments.

Based on the rules of compensation plan that can be configured Oracle Incentive Compensation
determines:

1. What events are eligible for incentive payments?

2. Who should receive the payments?
3. How the payments are calculated and paid?

Key Features of Oracle Incentive Compensation

Oracle Incentive Compensation includes the following features:

Beacuse of better Design, this helps to give

360-Degree Plan View

Role-based Plan Assignment
Multi-Dimensional Rate Tables, User-friendly Expression Builder
Interdependent Plan Elements and Plan Element Checklist
Flexible Sales Credit Allocation Rules, Date-effective Territories, and Compensation Group
Hierarchy
Flexible Transaction Definition, Configurable Data Mapping

From Administration, this helps

360-Degree View of Resources

Transaction Research Assistant, Mass Transaction and Credit Adjustment
Automatic Payment Worksheets including Draws, Cap Adjustments and Recovery
Payment Approval Hierarchy
Incremental Calculation and Retro-processing
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For Analysis, this helps in

Commission Statement, Performance Reports

Extensible XML Publisher Reporting Capability
Sophisticated Ad-Hoc Analysis
Total Compensation View
Projected Compensation
Complete Audit Trail and Date-Effectiveness

From Technology Aspect, these are:

Meta-Data Driven User Interface for Personalization and

Extensibility built on Oracle Application Framework (OAF)
Have advanced Searches and Configurable Views
Have Export to Excel capability
Have open Architecture for Integration with External Systems
Out-of-the-box Integration with Oracle HR, Order Management,
Receivables,Payroll, Payables, Territory Manager, Resource
Manager, Quotes
Configurable Data Mappings, Pre and Post Collections Actions and
Triggers
High Performance Multi-Threaded Rules Engine

Key Benefits

Increase Productivity
Improved Operational Effectiveness
Improved Time to Market
Increased agility to respond to strategic and market shifts
Improved corporate alignment
Improved ability to monitor and measure incentive compensation
effectiveness
Reduced Administration Costs SHOP NOW

Next, we discuss integration and information Flow.:)

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