CaptivateIQ Announces Strategic Investment and Partnership with Workday Ventures
Company with robust incentive compensation management solution to join Workday Ventures Partner Program.
CaptivateIQ, the leading incentive compensation management (ICM) solution, announced that it has received a strategic investment from Workday Ventures and joined the Workday Software Partner Program. As a Workday Software Partner, CaptivateIQ plans to build a product integration for shared customers, which will help serve the needs of enterprises facing challenges in transforming rigid, outdated incentive compensation systems.
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“CaptivateIQ and Workday share a commitment to deliver modern solutions to automate manual work and provide real-time data and insights”
Through an integration with Workday Human Capital Management, customers will be able to automate employee lifecycle management – such as new hires and departures – to more easily calculate commission payments within CaptivateIQ. This partnership will bolster Workday’s presence in the ICM market, and enable both companies to jointly deliver a world-class integration and automation experience for performance-based teams.
“Enterprise workforces require a robust, flexible solution to manage incentive compensation for large teams with complex compensation plans,” said Mark Schopmeyer, co-CEO and co-founder of CaptivateIQ. “This investment from Workday Ventures is a testament to our ability to support enterprise customers at scale now and into the future.”
“CaptivateIQ and Workday share a commitment to deliver modern solutions to automate manual work and provide real-time data and insights,” said Mark Peek, managing director and head of Workday Ventures. “Together, Workday and CaptivateIQ will be able to help customers more effectively provide transparency in how their employees are rewarded for their efforts.”
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