VODAFONE Selects Excentive Compensation Cockpit to Drive its Annual Reward Review Process for All Employees
Excentive, the fastest growing global provider of total compensation management solutions, announced that Vodafone Group (NASDAQ: VOD), a $75 billion, U.K.-based global mobile telecommunications company, has selected Excentive Compensation Cockpit software to manage all its fixed and variable compensation programs. Vodafone will roll out Excentive Compensation Cockpit to more than 85,000 users in 20 countries to manage bonus calculations, long-term incentives, salary reviews and allowances.
“Our team performed a thorough market screening focusing on the incumbent and the leading HR Compensation solutions,” says Bernd Flossbach, Head of Group Reward Operations & Policies at Vodafone Group. “A unique customer experience, the ability to complement and integrate the complex Vodafone IT landscape and the coverage of all compensation processes, powered by a robust rule engine, were our key selection criteria.”
“This project is of significant importance for both our companies in many ways,” says Fabio Ronga, CEO of Excentive International. “The deployment of our application will enhance Vodafone’s global HR operations and build a strong partnership between us.”
Vodafone joins the growing list of Fortune Global 500 firms that recently selected Excentive Compensation Cockpit to complement their ERP deployment and global SAP based HR platforms. “Vodafone embracing Excentive Compensation Cockpit internationally shows once again that industry leaders seek a true Total Compensation Management solution to stay ahead of competition,” adds Ronga, “Similar wins earlier this year point out an increasing trend in line with analysts’ expectations and Excentive’s global strategy.”
Vodafone is one of the world's largest mobile communications companies by revenue with approximately 371 million customers in its controlled and jointly controlled markets as at 31 March 2011. Vodafone currently has equity interests in over 30 countries across five continents and more than 40 partner networks worldwide. For more information, please visit www.vodafone.com.
About Excentive International
Excentive International (www.excentive.com) provides a Total Compensation software solution covering Employee Performance Management (EPM) and Sales Performance Management (SPM). Our customers typically range from large to very large leading companies, across all industry sectors, leveraging human capital to differentiate from competitors; using the solution to attract, motivate and retain human capital. Excentive's Total Compensation Management software manages Incentive Compensation to drive Sales Performance and Salary, Bonus and Equity Compensation to drive Employee Performance.
We have offices throughout the US and Europe as well as partnerships spanning to Asia to globally serve our customers.