Within Remunerate, compensation budget and actual spend is dynamically updated and displayed as each fixed and variable compensation amount is allocated, and users are engaged in the process (i.e. encouraged to use the tool) via compelling graphics. Moreover, the Remunerate User Experience is modeled after commonly used tools and technology resources such as spreadsheets and social networking tools.
It's as simple as this: any business rule that can be defined by your organization, for any aspect of the end-to-end compensation process (including what-if modeling scenarios and/or complex micro or macro analyzes), can be reflected in Remunerate without any customization of the baseline software. This is very significant from both a Total Cost of Ownership ("TCO") standpoint, and from the perspective of being very responsive and agile to the unpredictable demands of your total compensation process.
Remunerate is designed for holistic compensation planning and administration, including all cash and non-cash compensation components, fixed and variable compensation vehicles, deferred compensation, etc. Any number of incentive payment plans can be defined for an organization, and any number or combination of allowances / prerequisites can be assigned to each employee. That enables you to tailor incentives, and ensure that employees are aligned with current and future business goals.
Remunerate allows you to review employees around the globe in a single, common process, using a common base currency or the employee's local currency, or any combination thereof, then generate overall compensation reports in any currency.
Remunerate uses role-based security, so a person's role (or roles) in the compensation process drives what actions they can perform in the system, to which segments of the employee population. Remunerate lets you assign specific privileges - such as review, update or approve - to individual users, and customers have unlimited flexibility with respect to when and how these roles and privileges change during the process.
Remunerate is 100% configurable but it does not come preconfigured to some notion of what "best practice" should be for your organization - because every organization is unique. This design and delivery approach allows the tool to fit your organization's requirements, rather than force your organization to change processes to fit the functionality of the tool. Remunerate's best-in-class configurability toolset allows your system administrator to build and manage the precise system you need, in a fraction of the time (and cost) it would take to configure the Compensation module of a major ERP solution.