Netanya, Israel, Aug 1, 2008 – Incentives Solutions has announced that Phoenix Insurance has chosen REWARD-Pro as a new module for its HR Management Systems; to manage bonus allocation and annual wage increase processes.
REWORD-Pro isdeveloped by Incentives Solutions, specializing in the development of Incentives Compensation Management (ICM) systems. The introduction of the REWARD-Pro enables Phoenix insurance (and other customers), accuracy and creativity in the planning and deployment of its corporate decisions while streamlining all the related bonus allocation processes.
This strategic decision, puts Phoenix alongside market leading companies like Teva and Cellcom that use the System with great satisfaction, for some time.
Tal Frank, Incentives Solutions CEO: “Large and medium organizations with thousands of employees, vast numbers of KPI, proactive and dynamic processes and huge number of data records understand that computerizing the bonus process should deliver fast ROI, eliminate faulty expenses, improve efficiency of the bonus process and transparently communicate the information to all concerned employees. We are confident in Phoenix's success in realizing rapid ROI and the ability to leverage other HR targets.
About Incentives solutions
Incentives Solutions was founded in 2001 and specializes in development and selling of software systems for performance and compensation management (ICM). The systems developed by the company propel sales and customer service personnel and channel partners, in order to achieve company’s targets.
The system automates compensation calculations according to predefined (yet flexible) business rules.
Among our clients: Amdocs, AIG, Coca Cola Israel, Nextel del Peru, Osem, Cellcom.
The company is headquartered in Netanya, Israel and employs 25 people.
Company website: www.incentives-solutions.com.