June 03, 2021 – PUNE, India – Aurochs, a professional services firm that provides cloud platforms, information management solutions, and advanced analytics for the life sciences industry, is pleased to announce a strategic partnership with a leading biotechnology firm to provide end-to-end Incentive Compensation services to their European commercial teams for both their pre-launch and post-launch periods. As part of the agreement, Aurochs will replace their currently localized incentives & bonus systems and implement a highly nimble solution to account for variations in round-the-year changes in market-level Incentive plans. A total of 11 markets will be deployed on AurochsTM Incentive Manager, Field Reporting Engine, and MBO Manager modules. 4 out of these 11 markets are already live on the platform today.
Aurochs services team will also be providing operational support empowering the client to focus their efforts on key launch and business growth metrics. With a focus on driving field force effectiveness, the client team aims to standardize on a modern, easy-to-use secure cloud platform that allows them to standardize incentive plans across markets while allowing for local exceptions. It will also allow regional HQ to compare performance across markets and identify any performance deviations proactively.
AurochsTM Incentive Compensation Solution Suite is an easy-to-use, highly configurable cloud-based Sales Incentive Management suite designed specifically for the life sciences industry. It includes a comprehensive set of modules to meet end-to-end Incentive Program management automation using Incentive Manager, Quota Manager, MBO Manager, Field Reporting, IC Health Tracker, and Roster Manager. It is built on new-age technologies and has integration capability with all standard and non-standard systems.
As part of this engagement, the expectation from the client is to deliver:
- A scalable, secure, enterprise-grade incentive management platform
- An out-of-the-box solution that enables easier change management and faster operations
- A solution that allows for the implementation of global IC guidance while allowing for localized HR and market exceptions
- Flexibility to work with a variety of data sources by markets, currencies, and languages
- A system with a comprehensive audit framework to ensure compliance with local laws
- Integrated approval workflows for management of MBOs and payrolls
“Our team is excited and thrilled to be providing end-to-end Incentive Compensation Management services and continues to focus on the mission of improving the overall effectiveness of sales operations groups,” said Amit Jain, Co-Founder and Director of Customer Success at Aurochs Solutions. “We are proud of what we have achieved until now and look forward to continuing our relationships with our valued customers and clients with an unwavering commitment to focusing on productivity enabled through deep business knowledge, new-age technologies, and innovative cloud platforms.”