What are the most tangible benefits to the administrative departments of a practice?

Finance, compensation specialists, budget, payroll and executive departments experience the benefits of an automated compensation software system for their top line producers, including:

    • Reporting of actual to budget compensation expense by department and/or department by person

    • No more crunch time chaos to complete salary recalculations or incentive true-ups in time for payroll upload deadlines

    • Comparative information of each salary component change and/or incentive true-up for each person within each director’s responsibility facilitating transparency and communications

    • Reporting of standardized metrics that measure the cost-effectiveness of the compensation plan

    • No more mistakes in calculations for a formula that wasn’t propagated across the manual process