Incentive Compensation Automation For A Global Top 5 Animal Health Company

The global animal health market is expected to grow at a compound annual growth rate (CAGR) of 4.8% between 2021-2028, according to market research and consulting firm, Verified Market Research. The ability of a company to motivate its field force to attain the desired objectives and outcomes is crucial to achieving a competitive edge in this high-growth scenario. An automated, standardized, and error-free incentive compensation (IC) administration process is a significant determinant in a company’s success or failure to achieve this objective.

A global top five animal health company wanted to eliminate inefficiencies in its global IC administration processes by transitioning to a modern enterprise-grade platform in its core affiliate country, followed by a solution roll-out to major markets in a phased manner.

After the successful migration of its IC operations to Axtria SalesIQ™, a cloud-based sales planning and operations solution with embedded analytics, the client was able to achieve the following:

30% reduction in processing time by streamlining and automating operations

20% reduction in onboarding time for new markets

Increased field engagement with the inclusion of field insights

Fast and low-cost changes in IC processes for timely response to business dynamics

Read this illustration to know how Axtria engaged with a top global animal health company and transformed its incentive compensation operations by implementing Axtria’s tailored solution to be successful globally.

Contact us at insights@axtria.com with any questions