The FireStorm Compensation Engine is a proprietary, table-driven rules engine. Its Configurator is used to design, build and revise compensation plans; the only compensation engine in the industry that does not require custom coding to enable any compensation logic. Configuring compensation logic without custom code significantly reduces installation time and system complexity. It enables rapid changes by business users and eliminates the ongoing problems with maintaining an ‘off-baseline’ version of software. Features include:
• No custom programming for calculation configuration, processing and administration - with unlimited:
o Compensation plan types and components with simultaneous processing of Hierarchies and hierarchy types
o Payee, agency, sales volume types and compensation types
o Performance metric formulas
o Variables calculations, formulas, tiers, benchmarks and qualifiers
o Variable calculations by product lines, hierarchies, payee types, transaction types, divisions, states, territories and organizations
• Simultaneous processing for independent payee commissions, internal sales staff compensation, management overrides, royalties and residuals and other performance-based earnings
• Handle any type of royalties across any vertical, processing royalties / residuals “in or out”, for both licensees and licensors of intellectual property rights
• Complete audit trail and adjustment processing capable of re-running past periods and rippling forward results through all subsequent periods
• Variable and multiple compensation period support
• Exception processing with regard to deductions, holds, waives adjustments and other specialty processes, supported without custom code
• ‘What-if’ scenarios and pro forma configurations to model business changes in advance of committing them to production
• Pre- and post-processing data validations and reports
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