One of the best ways to motivate your employees and customers to develop positive habits and exceed expectations is by offering them rewards. Although before succeeding in this win-win program, you need to undergo several processes which add items to your plate. Develop your incentive programs without worrying about the drawbacks by securing robust rewards and incentives software. Choose yours now from the list of the best performing systems in this article.
16+ Rewards and Incentives Software
3. Xoxoday Plum
4. Tango Card
11. Blackhawk Network Incentives
13. EGifter Rewards
14. Access Development
15. Gift Codes
16. Onbe Incentives
What Is Rewards and Incentives Software?
Rewards and incentives software is a digital solution that helps its users by streamlining the processes involved in the various phases of the rewards and incentives programs. You can use the functionalities of this software by using digital devices such as a laptop, smartphone, or desktop computer. It integrates data in a spreadsheet and centralizes tasks in a single platform.
Also, it collects data analytics for determining those who are qualified for the program. This software allows you to tailor qualifying criteria and automatically tracks productivity and other metrics. In addition, it provides payment processing gateways for digitizing money transfers and reward sending.
This technology automates repetitive processes and simplifies the complexities, which can help you complete these tasks with just a few clicks. That said, it eliminates the need for doing things manually and printing hard copies for essential documents, which makes your workload lighter. Also, it reduces the budget that you need to set aside for managing your rewards program.
Aside from a user-friendly interface, you need to study other essential elements for varying software packages and subscription plans to single out the one most suited for you. Considering the long list of available options in the software market, filtering out your choices may prove testing. A helpful tip to help you out with your decision-making process is to consider the size of your business, your preferred digital devices, and rewards management needs. Also, you should take the following features into account:
- Employee referral tracking tools
- Gamification software functionalities
- Bonus management capabilities
- Rewards management tools
- Digital gift card management tools
- CRM software functionalities
- Loyalty program tools
- Third-party applications integration
Top 10 Rewards and Incentives Software
1. Xoxoday Plum
You can streamline campaign management and data analytics tracking with this digital solution. They have 200 employees working for them and have 53 million dollars in revenue.
Tools for gift card management and convenient payment methods are accessible in this application. They have 30 employees in their team and have a revenue of 25 million dollars.
3. Tango Card
This rewards and incentives solution has recognition tracking and rewards management functionalities. They have 171 employees in their teams and have 23.3 million dollars in revenue.
This recognition programs software offers goal management and rewards point functionalities. They have 148 people in their team and have a generated revenue of 21.5 million dollars.
PerkSpot provides its users with tools for customizing employee discount programs. They have a generated revenue of 15.2 million dollars and have 105 people on their team.
6. EGifter Rewards
Gift card distribution and customer loyalty programs tools are examples of features in this reward platform. They have a revenue of 5.6 million dollars and have employed 79 people.
With this employee recognition software, you can use recognition tracking and performance management tools. They have 24 employees in their team and have a revenue of 4.8 million dollars.
Giftbit is an employee rewards and recognition program solution with tools for reporting and membership management. They have 2.7 million dollars in revenue and have 13 employees.
Giftogram is a digital solution with fraud detection capabilities and eGift cards. They have employed ten people in their team and have 1 million dollars in generated revenue.
When you use this digital solution, you can access customer activity tracking and gamification capabilities. They have a revenue of 490 thousand dollars and have five people working for them.
Why is employee recognition essential in the workplace?
Employee recognition programs are a great way to celebrate your employees and make them feel appreciated for their hard work and achievements. Establishing this program motivates your workforce to achieve their goals and perform better. Also, it is a wise strategy to improve employee engagement and increase the quality of employee experience.
What are essential tips for developing an incentive program?
The first step in developing your incentive program is to identify and define the qualifying criteria. Clarify what metrics you are going to measure and give appropriate rewards for specific achievements. Also, communicate your program to potential participants and spread awareness by posting on your company website or social networks.
What is a customer loyalty program?
Setting up a customer loyalty program involves offering rewards such as gift cards and discounts to repeat and loyal customers. For people to participate, they should gather enough points or follow specific instructions. It is an efficient method to expand your customer, retain existing ones., and catch the attention of dormant consumers.
Whether your consumers or employees, you can get your network moving by giving them the nudge they need with attractive and compelling rewards. Be timely and do it seamlessly with the best rewards and incentives software at your disposal. Get moving and take another step towards your digital transformation today.
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