Forma.ai vs Varicent Incentives

Forma.ai is AI-powered enterprise sales compensation software that combines sales planning and incentive compensation. Its platform brings territory planning, quota setting, and incentive programs into one data platform. Users can configure incentive structures with AI-powered tools and guided templates without technical skills, then test changes through financial modeling and deploy modeled changes instantly. The platform can ingest, validate, clean, and transform data from an unconstrained number of sources; its homepage states it has 600+ pre-built integrations. Automated workflows cover compensation tasks, approvals, exceptions, and disputes. Reporting includes payee and performance results, accruals, commission amortization, compensation budgets, and performance forecasts. Forma.ai describes the product as built for complex go-to-market organizations and global enterprises. It says it undergoes annual SOC 1 and SOC 2 certifications and audits, and lists controls including encryption at rest and in transit. Pricing is available through tailored proposals; onboarding and implementation are a one-time fee. Forma AI is also available as an Android app.

Varicent Incentives automates sales commissions and other variable pay, including bonus programs. Its no-code plan builder lets users create, customize, and change incentive compensation plans. The product calculates commissions, supports exception and retroactive adjustments, and uses AI-driven detection to identify anomalies and outliers. Model Compensation Plans support what-if payout forecasts and assessment of plan effectiveness. Sellers can access compensation statements, commission data, quota attainment, tiers, and AI-predicted sales and payout forecasts on demand and from any device. Automated workflows and an audit trail of plan changes support data accuracy and compliance. Listed connections include Salesforce, Microsoft Dynamics, Workday API, Snowflake, REST API, SFTP, and Google Sheets. The platform lists web, API, Android, and iOS access; customer apps for Apple and Android provide sellers access to platform reporting options. Cloud-service support includes self-help resources, phone, chat, and support tickets; ICM customers may purchase Business or Premier response objectives. Varicent positions Incentives for growth-market and enterprise businesses, with customers ranging from mid-market to enterprise. Pricing and entitlements are specified in a customer order; subscriptions require an Incentives package and purchased payee and data-volume entitlements.