Javelin™ Incentive Manager streamlines the process of managing your incentive compensation programs. Formerly known as Prism™ Plan and Data Manager, the software helps you get complete control over creating and updating your IC plan—from importing and validating data to the creation of specific payouts. With Incentive Manager you can:

• implement compensation plans that incorporate even complicated business rules
• explore alternatives and perform what-if analysis 

  

• understand whether your plans are working
• verify the quality and accuracy of your input data and calculations
• create accurate and attractive scorecards and reports
• maintain a detailed and auditable record of all plans, data, and adjustments

Easily import, organize, and validate data

It’s inevitable—you feel overwhelmed when you have to update an incentive compensation plan or create a new one. You need to gather all kinds of information: payroll, personnel, sales, and product, among many other kinds of essential data. Just trying to organize and validate the files themselves is a tremendous task. Plus you need to make sure the data is correct.

And then you’re faced with the real challenge: applying all of your company’s business rules to produce an accurate payout calculation month after month.

The intuitive data loading and validating tools in Incentive Manager make this entire process straightforward.

Design, review, and re-use your plan structures quickly and easily

With Incentive Manager you can create plans from scratch or choose the Quick Start wizard to get a head start. The Quick Start wizard makes it easy to create many of the most common incentive plans like commissions, kickers, goal attainment, and payout grids. From there, you can modify the plans to incorporate your specific business rules.

You can easily experiment with different plan structures, create an unlimited number of plan scenarios, and understand how different plan structures affect the final output.

To save you more time and improve quality, Incentive Manager provides the flexibility of reusing and re-purposing plans and plan components. For example, you can:

• design one plan structure and reuse it for different payees, levels, products, and teams
• design multiple plan structures and combine them into a customized plan
• reorder and restructure plan components with ease

Update plans on-the-fly

Besides simplifying plan creation, Incentive Manager makes it easy to update your plans without jeopardizing the work you have already completed. This means you can start implementing your plans early and feel confident that you can make updates as new information becomes available. Furthermore, you can quickly respond to market changes during any point in the process and adjust plan structures accordingly.

Work with confidence, with a historical archive and audit history

Incentive Manager creates a record of changes to the compensation system, from plan configuration changes to data adjustments. This type of record keeping may be useful for your company's internal controls and compliance concerns.

And Incentive Manager archives are remarkably complete. Months or even years later, the software can replicate its payout calculations. You can even create new scenarios based on archived scenarios to explore the effects of data changes.

Increase processing quality with built-in validations, sign-offs, and error investigation tools

Incentive Manager comes standard with dozens of validations to help check the accuracy of your data. A central validations panel shows the status of all of the validations and integrity checks in the system, so it’s easy to see whether there are any issues that need your attention.

When it’s time to issue payouts, Incentive Manager walks you through each validation concern, to help ensure that someone signs-off on it before the software issues payouts. You also have a permanent record of all the data investigations and sign-offs that were in place that lead to that set of payouts.

Produce reports in several formats to enhance understanding

Not only does Incentive Manager make it straightforward to create, verify, and generate incentive compensation payouts, the reporting component helps you communicate these plans to a wide-range of audiences:

• design reports with customized content and layout to meet your specific needs
• generate payout reports for individuals, teams, management, or your entire organization in just minutes
• produce insightful management reports that provide budget information, performance summaries, and pay-for-performance analyses 
• feed data outputs from Incentive Manager into other Javelin Incentive modules or your other external systems