HR

Incentive Compensation Enablement

Anaplan
This application showcases how to utilize modeling best practices in the context of the Incentive Compensation process. Data from a fictional electronics retailer is used to illustrate typical compensation plan structures and showcases how to leverage multi-dimensionality to allow the model to scale as employees and plans are added and modified throughout the fiscal year. It also showcases ways to archive commission statements, effective date employees, and build approval workflows.

This app has its own unique data hub. Download the data hub here: https://apphub.anaplan.com/incentive-compensation-enablement-data-hub-app.html

Information

App Last Updated
Size
1.21 GB
Language
English
Connects to
Incentive Compensation Enablement Data Hub
Terms & Conditions

App stats

Modules
64
Roles
9
Formulas
376
Reports
28
Complexity
Advanced

Features

Componentization of Compensation Plans
  • Compensation plans are created as groups of components that are calculated in unique ways. Components can be added, changed, or removed dynamically to allow for flexibility in setting the drivers that determine a rep's pay structure.
Snapshotting of Plans and Commission Statements
  • Snapshots allow model admins to archive the pay structure at a point in time and the resulting calculations. This enables them to make changes to plans over time without losing the details of prior plan configurations and the resulting commission statements.
Automation of commission corrections and clawbacks
  • As transaction details from the source CRM is updated with each data load, earned commissions can be updated with the latest information and net adjustments are aggregated in the current month's statement.
Automated draw calculation for new hires and transfers
  • Model admins can create draws that will be added to new hires and transfers into specific sales roles and define the payment amount, frequency, recovery process, and effective periods. When employees are added in those roles, they will automatically earn draws and/or recover the draws against earned commission.

Terms and conditions

Anaplan

Application Terms and Conditions: BY CLICKING TO PROCEED WITH DOWNLOAD OF THE APPLICATION, YOU ACKNOWLEDGE THAT THE TERMS BELOW SHALL GOVERN YOUR ACCESS AND USE OF THE APPLICATION. IF YOU DO NOT WISH TO BE BOUND BY THESE TERMS, DO NOT CLICK TO PROCEED. THIS APPLICATION IS NOT PROVIDED BY ANAPLAN, INC. AND THESE TERMS ARE NOT OFFERED BY ANAPLAN UNLESS ANAPLAN IS NAMED AS THE PROVIDER ON THE DOWNLOAD PAGE. USE OF THIS APPLICATION REQUIRES A VALID SUBSCRIPTION TO THE ANAPLAN HOSTED SERVICE, WHICH IS ONLY AVAILABLE THROUGH A SEPARATE AGREEMENT BETWEEN YOU AND ANAPLAN. Application Provider. The application named on the download page of the Anaplan App Hub (the “Application”) is provided by the party named on the download page (the “Application Provider”). Anaplan, Inc. (“Anaplan”) is not the Application Provider unless named as such on the download page. Terms and Conditions. This agreement (the “Terms”) contains the terms and conditions governing your use of the Application unless you have separately agreed to other terms with the Application Provider. These Terms are entered into solely between you and the Application Provider and shall become effective upon your download, access or use of the Application. Anaplan is not a party to these Terms unless it is the Application Provider. Grant of Rights; Anaplan Agreement. The Application Provider hereby grants you the nonexclusive, nontransferrable, nonsublicensable right to use the Application solely in connection with your authorized use of the Anaplan hosted service (the “Anaplan Service”). Your right to use the Application does not include the right to use the Anaplan Service, which requires a separate agreement between you and Anaplan (an “Anaplan Agreement”). You are not permitted to copy or redistribute the Application, but you may load the Application into your instance of the Anaplan Service and modify the Application in connection with your permitted use of the Anaplan Service. Evaluation and Production Use. Your right to access and use the Application is provided on a temporary basis and is limited to evaluation use for a thirty (30) day period beginning on the date of download (“Evaluation Period”). If your subscription under the Anaplan Agreement includes the right to use the Anaplan Service for the use cases covered by the Application, then you may use the Application for production purposes after the Evaluation Period, or earlier if the Application Provider agrees. If you do not have an Anaplan Agreement that includes your right to use the Anaplan Service for the use cases covered by the Application, then your right to access and use the Application will automatically terminate at the end of the Evaluation Period without notice from the Application Provider or Anaplan. Reservation of Rights. The Application contains valuable intellectual property rights of the Application Provider and you are not permitted to use or exploit such intellectual property rights except as explicitly permitted in these Terms. The Application Provider reserves all right, title and interest in the Application except for the rights explicitly granted to you in these Terms. Your right to use the Application will terminate immediately upon any breach of these Terms by you, or upon the termination or expiration of your Anaplan Agreement. Either party may terminate these Terms at any time in its discretion by providing the other party with notice, at which time your right to access and use the Application will terminate immediately.

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