With CATS Enterprise Incentive Management software, organizations are able to:
- Improve revenue by aligning individual and team performance with strategic objectives.
- Improve margins by designing and implementing a plan that focuses on a more profitable mix of products.
- Manage unlimited numbers of incentive plans, participants, performance metrics, and payouts.
- Lower administrative and IT costs by improving productivity through more efficient and flexible tools.
- Reduce incentive compensation overpayments by utilizing quality assurance and data validation processes.
- Manage incentive programs for large, global organizations with multiple companies or lines of business from a single, integrated platform.
- Dynamically adapt plans to meet financial objectives and changing market conditions.
- Quickly analyze plan performance and model new scenarios as frequently as required with minimum time.
- Clearly communicate objectives, performance, and rewards to all participants throughout the entire enterprise from a user-friendly, self service portal.
- Deliver accurate and timely payouts more cost effectively than with any other software solution.
- Retain and motivate top performers with accurate and timely incentive payouts.
- Decrease employee turnover by providing staff with more frequent and accurate communications.
ALIGN PERFORMANCE WITH STRATEGY
CATS lets you create incentive plans that motivate sales organizations, other employees, channel partners, customers, and suppliers to deliver profit-producing performance.
MANAGE ALL INCENTIVE COMPENSATION ACTIVITIES FROM A SINGLE APPLICATION
CATS can manage all types of incentive plans, participant groups, performance metrics, and payouts from virtually any location.
MANAGE ACROSS THE ENTERPRISE
CATS can handle incentive plans for multiple organizations within any large enterprise. Multi-currency support lets you reach beyond geographic boundaries. Now all of your incentive programs can be managed online, regardless of location or division. In addition, important communications between incentive compensation plan administrators, sales and senior management is facilitated between CATS and the CATS Portal as part of a comprehensive audit trail eliminating the need for separate phone, fax, e-mail communications and/or manual adjustments.
EASILY ADAPT TO CHANGE
With CATS, new incentive plans and subsequent changes can easily be introduced, along with new participants, performance metrics, and payout formulas.
CATS provides unprecedented visibility into how your incentive programs are performing. From your PC-based analytic and reporting dashboard, you can measure the real cost and return of programs, evaluate the correlation with performance, and do "What if" modeling to measure potential changes.
COMMUNICATE PLAN DETAILS
CATS makes it easy to communicate plan details to all participants. Using a standard web browser or a wireless handheld PDA device, plan participants can track their own objectives, metrics, performance, and payouts.
DELIVER ACCURATE RESULTS
CATS automates every aspect of incentive plan management, eliminating costly errors that bloat incentive expenses and undermine the credibility of these programs. Improved accuracy eliminates shadow accounting by participants and allows incentive managers to pursue more strategic tasks.
RETAIN KEY EMPLOYEES
CATS makes certain your incentive programs keep your employees motivated and performing at the top of their game. With its accurate, timely results and easily communicated details, CATS ensures your incentive plans run smoothly, eliminating morale-busting inaccuracies and delays.