Incentive Management System (IMS)
Managing Scholarships, Bonuses, and Incentives
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.
CUSTOMIZABLE
Numerous 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.
10868 W. Dodge Road | Omaha, NE 68154 | OFFICE: 402.715.5800 | www.CatchIntelligence.com
IMS PROCESS CYCLE
IMS Defined
EXTRACT
Info extracted from
system - permits drilldown views
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
REPORT
Customizable output
formats supported
- improves usable
content delivery
STORE
IMS info stored - allows
ease in retrieval for reports
and analysis
INTEGRATE
Info in HR ERP
system integrated into
accounting system
- IMS tracks
The IMS provides and reports real-time
current balances on deferrals, defaults,
and outstanding receivables.
UPDATE
Employee info updated in HR
ERP system - provides current
account balance
Allows drilldown by categories
Provides auditing ability
TRACK
Credit given for time
worked - reduces
employee liability
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
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
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
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.
Call us at 402.715.5800 for more information
10868 W. Dodge Road | Omaha, NE 68154 | OFFICE: 402.715.5800 | www.CatchIntelligence.com