Market Perspectives

We are happy to share some insights about beqom drawn from our latest Value Index research, Ventana Research Value Index: Total Compensation Management, which assesses how well vendors’ offerings meet buyers’ requirements.

In all of our Value Indexes we utilize a structured research methodology that includes evaluation categories designed to reflect real-world criteria incorporated in a request for proposal (RFP) and vendor selection process for Total Compensation Management. We evaluated beqom and 13 other vendors in seven categories, five relevant to the product (adaptability, capability, manageability, reliability and usability) and two related to the vendor (TCO/ROI and vendor validation). To arrive at the Value Index rating for a given vendor, we weighted each category to reflect its relative importance in an RFP process, with the weightings based on our experience and on data derived from our benchmark research on total compensation management.

beqom’s unique value is in its dedicated approach to total compensation management and a system that includes support for a broad range of compensation types. beqom was categorized as an Exemplary Vendor, ranking fourth overall in this Value Index evaluation. It ranked sixth in Product Experience where it was designated a Value Index Leader in Capability. It ranked third in Customer Experience and was a Value Index Leader in TCO/ROI. beqom’s overall performance was impacted by its lower rankings in both Reliability where it placed 14th, and Manageability where it placed 12th. These two categories represent 30% of the weighting in the overall Value Index.

Our assessment finds that beqom could improve its performance in Usability, where it ranked 11th, by increasing accessibility and intelligence within the user experience. beqom could improve in integration and Adaptability, where it also ranked 11th, through customization and investments that support interfacing with a broader set of enterprise applications.

This assessment was based on beqom TCM v10 and was available in February of 2023.

beqom, like all compensation management vendors, should ensure they continue to focus on capabilities beyond the core that will only continue to increase in their importance to buyers, like prescriptive analytics, proactive pay equity management, and creative and personalized compensation plans that are becoming increasingly more complex.

This research-based index is the most comprehensive assessment of the value of total compensation management software in the industry. Technology buyers can learn more about how to use our Value Index by clicking here and included vendors that wish to learn more can click here. Read the report here.