Aeqium vs SimplyMerit

Aeqium has no write-up on Specifiction yet; its figures are above.

SimplyMerit is cloud-based compensation software for managing salary adjustments, bonuses, promotions, lump-sum decisions and equity grants. Compensation professionals, leaders and managers can work together and monitor changes in real time. Budget tools handle multiple currencies and give managers a shared view of compensation and worldwide budgets. Configurable workflows support adjustment requests and approvals, including final executive approval. The software can generate compensation statements and configurable Total Rewards Statements, and includes an Employee Portal. Its analysis features can help identify biases, disparities, trends and outliers, and produce analytical reports. Organizations can import HRIS data; named examples include ADP, BambooHR and UKG. SimplyMerit requires no download or installation and is described as accessible from virtually any device, including mobile devices. MorganHR says it supports setup through the first compensation cycle and aims to have customers live in five days or less. Pricing is available on request. MorganHR offers a free trial instance using the customer's data for two full weeks. Its One-Day Challenge says the first-year license is free if it cannot load the previous merit spreadsheet in one day; the offer specifies a multi-year license if that takes longer.