June 21, 2012 – Incentives Solutions, a leading provider of SPM Technologies and Solutions, today announced the completion of a strategic implementation of Sales and Service Performance Management (SPM) for Menora Financial Services
The system enables Menora to plan, implement, manage and measure performance of Sales and its Nation-wide Pension agents’ network. In addition, the system automates the calculation and payment of commissions and bonuses according performance and quota attainment
The project delivered by Incentives Solutions Ltd. and based on the innovative INCENTIVES–SPM tool, will be managed by the Finance division of the company. The solution allows great flexibility and fast adaptation to changing needs in the administrative controls. The process and financial dashboard module allows real-time transparency for employees and managers, viewing their personal performance metrics, compensation calculations and improving self motivation.
According to Mr. I. Ezra, VP finance at Menora Pensions ”We are finding ourselves in a very dynamic environment around the long-term-savings market, due to changing market landscape, driving us to act faster and leaner. INCENTIVES-SPM addresses this need and provides significant benefits in integrating the commercial and financial processes. The solution provides the CFO office and Sales department with a powerful tool to align the compensation plans to the company strategy, maximize sales performance and increase sales and agents engagement”
Mr. Tal Frank, Co-CEO, of Incentives Solutions added “We are glad to add Menora to our customer base and are confident that our solution will contribute in Menora’s strategy implementation. The field of Performance and Compensation management is gaining growing importance and recognition as a strategic and tactical enabler for the financial service industry”.
About Menora Pensions
Menora Mivtachim Pension is one of Israel’s leading financial service providers specialized in the pension funds and in the provident funds for social insurance and severance pay.
It comprises over 700,000 members, about 15,000 companies, employers and trade unions, of the leading factors in the economy. The accrued capital of the members of Menora Mivtachim Pension is about $8 Billion, and the annual revenues are over $1 Billion. (www.menora.co.il )
About Incentives Solutions
Incentives Solutions is a global provider of flexible and comprehensive performance measurement and incentive pay best-of-breed systems that increases both employee and channel partners’ results driven motivation, while significantly decreasing administrative and IT costs.
The user friendliness and flexibility of the products enables rapid Return on Investment (ROI), low Total Cost of Ownership (TCO), and full compliance with financial regulatory requirements.
Among our clients: Amdocs, AIG, Coca Cola, Nestle, Orange, Nextel del Peru, Bezeq, Cellcom, Ayalon Insurance, Phoenix Insurance.
Founded in 2002, Incentives Solutions streamlines employees' performance management, Sales and Service Performance Management (SPM) and thereby delivering the most innovative solutions on the market.
Company website: www.incentives-