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Incentive Management System (IMS) Managing Scholarships, Bonuses, and Incentives 10868 W. Dodge Road | Omaha, NE 68154 | OFFICE: 402.715.5800 | www.CatchIntelligence.com 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.

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Page 1: Incentive Management System (IMS) - CATCH Intelligencecatchintelligence.com/.../2015/09/IncentiveManagementSystem_IMS.… · INCENTIVE MANAGEMENT SYSTEM (IMS) The Incentive Management

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.

Page 2: Incentive Management System (IMS) - CATCH Intelligencecatchintelligence.com/.../2015/09/IncentiveManagementSystem_IMS.… · INCENTIVE MANAGEMENT SYSTEM (IMS) The Incentive Management

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.