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beqom for the Financial Services Industry

One compensation platform with full functionality, configurability and scalability. We enable you to close the critical gaps in your compensation lifecycle and practices.

beqom for Financial Services

Trusted by global financial institutions

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Read the Success Stories

We understand compensation

annabel interview

Video: Top of Mind for Financial Institutions

Annabel Fan, Global Head of Financial Services at beqom, shared her thoughts on what is top of mind for financial services today. Financial institutions have unique challenges in planning and executing their HR compensation and sales incentive processes. With compensation accounting for between 70 and 90 percent of operating expenses, institutions are looking towards solutions that are capable of tackling their complex requirements.

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White Paper: Using Cloud-Based Technology to Master Your Compensation Cycle

Technology now exists to fully automate all of a firm’s compensation processes, which can dramatically improve operational efficiency, lower costs, enable execution of business strategy, aid in attracting and retaining talent, and support regulatory compliance.

This “digital transformation” is already happening. Many of the world’s leading financial institutions have streamlined their compensation lifecycle with an automated total compensation solution, securely in the cloud.

Read the White Paper
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Video: Deloitte Interview on Compensation Challenges for Financial Services

The planning and executing of compensation on a global basis is highly challenging as organizations seek to create consistent processes in multiple countries. When it comes to compensating a globally dispersed workforce, organizations have to manage a number of challenges. Peter Devlin, Head of Total Rewards at Deloitte, spoke with beqom about what he thinks any company that is doing international compensation planning needs to take into account.

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How does beqom help you solve the challenges of compensation in the financial services industry?

  • Plan Complexity

    Our platform enables you to execute on your compensation plans with complex hierarchies and populations, multi-currency, exceptions, and pro-rationing.
  • Analytics and Reporting

    From data to insights, beqom provides consistent real time reporting, accurate financial accruals, and global compensation statements.
  • Rule-Based Engine

    beqom’s rules engine offers the ability to calculate and simulate multiple compensation scenarios for budgeting, forecasting, and accruals.
  • Regulatory Compliance

    We enable financial institutions to track their data for regulatory compliance. Our secure cloud platform meets a broad set of international and industry specific regulatory standards including GDPR, CRD IV, SEC, and ASC 606.
  • Auditability

    Our all-in-one platform covers all compensation processes, enabling you to follow a full audit trail from start to finish.
Read Industry Case Study

“With beqom’s solution, we can comply with federal and international banking regulations. As a financial institution, all the data we manage—including HR information— is highly sensitive and confidential. beqom’s Total Compensation, which runs on Azure, passed the very robust evaluation process by our IT security employees.”

Large Global Bank

Success Stories

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Financial Services Case Study

Find out why leading financial institutions are implementing beqom as part of their HR and digital transformations.

Read the Financial Services case study to learn more about the industry's challenges.

Read Industry Case Study
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Banking: BNP Paribas Success Story

With beqom, the BNP Group manages executive compensation, deferred bonus and equity management processes, all within one integrated platform, ensuring that compensation processes are transparent and compliant with regulatory guidelines. The ownership of the beqom solution is in the hands of the business users, enabling BNP Paribas to simplify and administer complex compensation processes with flexibility and agility.

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Insurance: AG2R La Mondiale Success Story

Aiming to increase motivation and reduce absenteeism in their sales team, AG2R LA MONDIALE decided to replace their previous in-house developed variable compensation tool with beqom's Sales Performance Management Cloud Solution.

The new platform allowed their commercial team to quickly find their compensation information at a glance.

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A focus on compliance in compensation management

Some of the world’s largest enterprises have turned to and trust beqom’s Microsoft Azure based platform with their employee and compensation data. This has enabled them to also be compliant with global regulations surrounding data protection.

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beqom for Financial Services