incentive management system (ims) - catch...
TRANSCRIPT
Incentive Management System (IMS)Managing Scholarships, Bonuses, and Incentives
10868 W. Dodge Road | Omaha, NE 68154 | O F F I C E : 402.715.5800 | w w w. C at c h I n t e l l i g en c e . c o m
In today’s competitive markets — like healthcare and engineering — organizations extend scholarships and bonuses as
competitive advantages to encourage employees to commit to employment with their organization.
Implementing and managing a system to keep track of each employee’s length of service and their scholarships can take
an extensive amount of work. The consideration and scholarships that are offered can be very large investments (often
millions of dollars) and need to be managed carefully.
Most of these benefits are taxable and must be accounted for within the organization’s accounting system. In addition to
the taxable component, there is also a worked-off portion for each employee that must also be tracked.
INCENTIVE MANAGEMENT SYSTEM (IMS)The Incentive Management System (IMS) tracks scholarships, bonuses, and incentives within an organization to help
manage and monitor their incentive compensation programs. IMS integrates seamlessly with Human Resource (HR)
Enterprise Resource Planning (ERP) systems and accounting systems to securely automate the management of all
scholarships, bonuses, and incentives.
Through the IMS, organizations have transparency into each candidate’s information so that executives, management,
human resources, or eligible employees have an understanding of outstanding benefits at any given time. If employees
leave before fulfilling their commitments; their obligations should be balanced out before they leave the company.
In real-time, IMS tracks employees enrolled, monies that are still outstanding, and reports on everything from deferrals
and defaults to current outstanding receivables.
CUSTOMIZABLENumerous functionalities are built into IMS to fulfill various business requirements. Additional features can be tailored to
different requirements and incorporated into IMS with reduced customization time.
INCENTIVE MANAGEMENT SYSTEM FUNCTIONALITIES ARE CUSTOMIZABLE TO SATISFY REQUIREMENTS OF USERS AND SYSTEM ADMINISTRATORS.
IMS Defined
Method of tracking benefits paid as employment incentives in exchange for work-off commitment: - Enrolled employees- Work-off commitment- Outstanding money
Method of reporting: - Enrolled employees- Outstanding money- Deferrals- Defaults- Current outstanding receivables
IMS Solution Flexibility
Allows drilldown by categories
Provides auditing ability
Allows for dashboards, canned reports, ad hoc reporting, and analytics
Develops security layers for protection/safeguard of database
Permits customization for specialized requirements
IMS Benefits
Secure information management and communication
Central information repository
Employee access to individual account information
Meeting Your Needs
CATCH has consultants on staff to help assess your organization’s needs for an Incentive Management System
IMS is flexible and can be easily modified, and configured and customized, to accommodate your organization’s specific needs
Call us at 402.715.5800 for more information10868 W. Dodge Road | Omaha, NE 68154 | O F F I C E : 402.715.5800 | w w w. C at c h I n t e l l i g en c e . c o m
CORE SERVICES INCLUDE
Assessments and strategic planning; solution definition and project
scoping; data warehouse modeling and development; system installation
and configuration; development and implementation; and testing,
training, mentoring, and knowledge transfer. All services integrate people,
processes, practices, and technology to create the right solutions.
WHY CATCH?We are a Business Intelligence and technology consulting firm:
• Experienced in web portal development
• Experienced in delivering web portal applications
• Installed over 300 Business Intelligence (BI) and reporting systems
• Implemented consolidated financials for numerous companies
• Delivered reports automatically and securely online
INTEGRATEInfo in HR ERP
system integrated into accounting system
- IMS tracks
STOREIMS info stored - allows
ease in retrieval for reports and analysis
UPDATEEmployee info updated in HR ERP system - provides current
account balanceTRACK
Credit given for time worked - reduces employee liability
EXTRACTInfo extracted from
system - permits drill-down views
REPORTCustomizable output formats supported - improves usable content delivery
IMS PROCESS CYCLE
The IMS provides and reports real-time
current balances on deferrals, defaults,
and outstanding receivables.