Business Objects has released an incentive management offering for the banking industry. BusinessObjects Incentive Compensation Management is based on the planning product acquired in the purchase of SRC Software last year and includes what-if modeling capabilities not found in Business Objects XI. By reaching out to the customer base and services expertise SRC had in banking, Business Objects is trying to increase its share of the performance management market.
Banking organizations that have investments in Business Objects should consider adding this tool to help them construct pay-for-performance compensation plans that align employees with corporate strategies. We also recommend that companies in other industries or those without investments in Business Objects consider it but also offerings from other providers like Callidus, Centive, Synygy and others that have been serving this market for many years.
About Ventana Research
Ventana Research is the leading Performance Management research and advisory services firm. By providing expert insight and detailed guidance, Ventana Research helps clients operate their companies more efficiently and effectively. These business improvements are delivered through a top-down approach that connects people, process, information and technology. What makes Ventana Research different from other analyst firms is a focus on Performance Management for finance, operations and IT. This focus, plus research as a foundation and reach into a community of over two million corporate executives through extensive media partnerships, allows Ventana Research to deliver a high-value, low-risk method for achieving optimal business performance. To learn how Ventana Research Performance Management workshops, assessments and advisory services can impact your bottom line, visit www.ventanaresearch.com.
2006 Ventana Research