CompTrak announces the release of CP3, the newest version of its cloud-based compensation management software. CP3 features an expanded list of 3rd party connectors, new functionality to enhance the management of complex hierarchies, and an improved interface and user experience.
“CompTrak’s cloud solution is continually evolving to better enable organizations to plan and manage compensation in today’s everchanging landscape. CompTrak’s CP3 Release focuses on broadening the platform for accessibility and our integrated partnership growth” states CompTrak Chief Product Officer, Perry Doody.
In addition to an improved interface and user experience, CP3 includes:
- DocuSign Integration for electronic signing of agreements and contracts between organizations and their employees. The seamless integration allows for generation and electronic signing of agreements within the CompTrak environment.
- Enhanced Hierarchy Management for handling complex hierarchies, such as matrix and team-based organizational structures and multiple hierarchies.
- Employee Share Ownership Selection allows eligible employees to self-select a percentage of their compensation into employee share ownership programs through the interactive Total Rewards Experience Module.
CompTrak’s continues to evolve and bring forth innovative technology through its configurable compensation management software platform enabling organizations to maximize the value of compensation.
Maximize the Value of Total Compensation
CompTrak’s compensation management solution allows organizations to effectively manage base pay, bonuses, deferred compensation, and long-term incentives in its single cloud-based platform. Implemented globally across all major industries, CompTrak digitally transforms your compensation cycle to maximize performance, employee engagement and the value of total compensation.