beqom, provider of cloud-based total compensation management software, today announced it has been rated as a Value Index Leader in the Ventana Research 2020 Value Index on Total Compensation Management (TCM).
beqom was rated #1 in the TCO/ROI category, which evaluates vendors on Total Cost of Ownership (TCO) and Return on Investment (ROI). TCO and ROI are measures of the value of a software solution commonly used by organizations to compare the cost of the solution with the value derived from it to determine whether it is worth the investment.
beqom also was rated #1 in the Customer Assurance category. This category ranks solutions by “Validation,” with evaluation criteria of “the vendor’s growth and revenue trajectory, its offering of customer references and case studies, and whether it can show a proven customer success model and a clear and compelling product roadmap.” The rating also examines the services, support, and partners available to support the solution’s relationship with customers.
Ventana Research further noted that beqom “excelled in the ‘Capability’ category due to its ability to manage highly complex compensation plans and packages.”
“beqom gives our customers control of their compensation,” says Tanya Jansen, beqom CMO. “Our customer firms, which are large global enterprises, gain the ability not only to manage costs and reduce administrative burdens but to use compensation strategically in a competitive talent market and to drive performance across their organization. That’s why they see a great return on their investment.”
beqom’s cloud solution is used across industries to manage compensation, including for global leaders like PepsiCo, DHL, BNP Paribas, Swisscom, and Total. The solution can manage all compensation and related performance processes, including salary review, bonus plans, long term incentives, executive compensation, and sales commissions.
Ventana Research's Total Compensation Management Value Index seeks to aid companies in selecting compensation management technology to ensure that they achieve a return on their investment and are able to reach their performance potential. Inclusion of vendors in the report was based on minimum standards for revenue, customer base, geographic operations, and product features supporting total compensation management. Seven vendors were evaluated.