CompensationXL

Pros

Great product. We use excel to a great extent and CompXL allows to leverage excel to manage our compensation information and processes in a very effective customized solution for compensation management.

Cons

I have yet to be dissatisfied. The software has been excellent and delivered as sold and beyond.

Pros

The flexibility of the software to do most of what we needed. We were able to customize the reporting so our award approval process is very quick to complete. In addition, the customer service received from our account rep was always very timely and informative.

Cons

The slowness. When using the software, it was slow to refresh the pages, sometimes taking up to 10 seconds or a little more to refresh.

Pros

This is my second compensation year using CompXL. After the initial year of implementation, the software cut down my year-end compensation process drastically. In previous years, I would be at the office until 10pm every night for weeks on end and would be meticulously searching for file linkage errors and missed updates. The worst part about distributing Excel files to each of your department leaders individually is how difficult it is to keep track of minor tweaks and adjustments made throughout the inevitable iterations of the compensation process. The software is completely customized to my own uniquely complicated incentive compensation structure at my firm, which I would not be able to find anywhere else to this great of detail.

My biggest qualms with the software in the first year was the lack of reporting/filtering capabilities. They have updated that this year and the reporting functionality is literally invaluable. While it might take a less tech-savvy person a while to get the hang of the configuration of reports, for someone like me (who can manipulate excel from an intermediate to advanced level), the new reports allow me the perfect amount of autonomy to configure as many complex reports as I'd like. My CEO requires 30+ reports a year, so semi-automating this process was crucial. This has made my life so much easier that the biggest issue is me being LESS meticulous and detail-oriented because I trust the program more.

Cons

The most obnoxious part is the uploading of employee data since I generally have many small, one-off adjustments to make that add up. You have to import it instead of tweaking it within the system.

The obvious worst part about CompXL is the user interface, which is...very excel-like. This isn't going to be like logging into ADP, or Ultipro, or SuccessFactors to do your compensation process. But what it lacks in the modern widget-designed HRIS, it makes up in functionality. You can do a LOT more in this program than you can in any of those programs, because you are basically only limited to the limitations of Excel--which are few.

Pros

The customizable features. I didn't think we would find a tool that met all of our unique needs. Also, [SENSITIVE CONTENT HIDDEN], our rep at the company, was there anytime we needed him.

Cons

There are a few things that we set up that I think I would change for the next cycle. But it was more because we were trying to get a little too complicated with it when we could have simplified the process on our end a little more.

Pros

The CompXL system allowed us to go from dividing 50+ spreadsheets to having one platform to capture our leaders recommended adjustments with supporting reasons.

Cons

We would like to have the ability to sort as we previously did in Excel.