Scholastic Book Fairs Chooses Iconixx for Streamlined Incentive Compensation
AUSTIN, Texas, Sept. 9, 2013
AUSTIN, Texas, Sept. 9, 2013 /PRNewswire/ --Iconixx, the industry thought
leader and provider of incentive compensation management (ICM) solutions, is
excited to announce that Scholastic Book Fairs, a division of Scholastic, the
global children's publishing, education and media company, has launched the
Iconixx solution to meet the needs of their business leaders in the areas of
territory management, incentive compensation, and sales analytics. The
undisputed leader in the field, Scholastic Book Fairs, in partnership with
schools across the country, hosts more than 125,000 annual book-sale events
that reach more than 35 million children and their families in pre-school
through 9th grade.
"We are pleased to be leveraging the benefits of Iconixx. The Iconixx Team has
earned our confidence by presenting us with a quality tool to manage our
incentive compensation strategy," said Tim Vuolo, VP of Human Resources,
Scholastic Book Fairs. "We especially look forward to leveraging Iconixx's
modeling capabilities to help us continue to meet our business objectives."
Scholastic Book Fairs had been using a homegrown system that made it difficult
to manage territory definitions, and since the business followed a "seasonal"
cycle, Scholastic Book Fairs needed to measure performance outside of a
traditional calendar. The business leaders needed a flexible and easy-to-use,
all-in-one solution that would improve reporting, enhance analytics, and
eliminate error – all in an efficient and streamlined manner. Scholastic Book
Fairs selected Iconixx to consolidate these functions and to restructure
internal operations, saving valuable time and resources.
To serve the complex needs of Scholastic Book Fairs, Iconixx is able to:
oSupport non-traditional calendar measurements
oRevise territory definitions and assignments
oAdd new compensation plans and scale into the future
"Scholastic Book Fairs in-school literacy events give millions of students,
teachers, and parents access to an expertly curated selection of books and
other educational materials every year. We are very pleased that they chose
Iconixx for their Incentive Compensation Management needs," said Derrik
Deyhimi, Chairman and CEO, Iconixx. "We believe that their choice reflects not
only the quality of the solutions we provide, but the team we have built to
support our customers."
Despite the complex seasonality of the compensation plans, Iconixx was able to
activate the full solution in less than four months.
Iconixx is a total solution provider for compensation management. The Iconixx
product suite – Iconixx Sales, Iconixx Incentive and Iconixx Merit –makes the
company a one-stop resource for sales, bonus and salary compensation
solutions. Our cost-effective, Cloud-based solutions deliver incentives to the
entire workforce for businesses of all sizes. Drawing on over 15 years of
experience, Iconixx also partners with clients to accelerate their business
growth through actionable intelligence. Whether it's using Iconixx technology
or leveraging a client's current investment, Iconixx's expertise can drive
efficiencies for their compensation environment. For more information
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and
distributor of children's books and a leader in educational technology and
related services and children's media. Scholastic creates quality books and
ebooks, print and technology-based learning materials and programs, magazines,
multi-media and other products that help children learn both at school and at
home. The Company distributes its products and services worldwide through a
variety of channels, including school-based book clubs and book fairs, retail
stores, schools, libraries, on-air, and online at www.scholastic.com.
CONTACT: Sathee Brent, +1-832-655-9592, firstname.lastname@example.org
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