beqom, the provider of a cloud-based total compensation solution, announced today that it has been selected by one of the world’s largest publicly traded oil and gas companies to manage its bonus, salary, and long-term incentive processes.
The organization had been relying on multiple systems that had highly manual and labor-intensive processes. Heavy dependence on IT meant that significant effort was required to gain data insights and analytics for compensation and rewards decisions. The Global Compensation and Benefits team searched for a solution that could meet their sophisticated compensation requirements, offering in-system analysis capabilities to better enable standardization, consistent methodology, and knowledge transfer of highly technical design roles.
“beqom has been designed to meet the sophisticated needs of the energy and resources industry, and we’re very happy to see one of the world’s largest organizations upgrading its technology for beqom’s secure, compliant and cloud-based compensation system,” said Fabio Ronga, CEO at beqom.
Using beqom, this industry leader will have the flexibility needed to manage its sophisticated salary and bonus plans, without requiring the dependency on IT. A key challenge and driver for selecting beqom was beqom’s ability to eliminate multiple systems that were heavily manual, highly customized, and expensive to maintain.
This win further validates beqom’s compensation expertise in the energy and resources industry, and the organization joins a growing number of oil and gas companies that take advantage of beqom’s total compensation solution.