Configuring a Cloud-based Compensation Management Program for Fintech Software Company

Canada, USLocation

4Team Size

Fintech SoftwareIndustry

Netsmartz navigated the complexities of the compensation program and configured a cloud-based compensation management program for continuous improvement of the user experience and expanded functionality.

About The Company

The client operates in the Fintech Software services and offers a subscription-based pricing model. The company is focused on providing businesses with an integrated platform that streamlines the compensation cycle while improving accuracy, transparency, and employee engagement. Their solution is designed to help businesses simplify their compensation processes, ensure compliance, and provide real-time reporting and analytics.

AboutThe Company

The Tech Stack

.NET Core

.NET Core

Telerik Controls

Telerik Controls







Team Composition

1 Business Analyst, 1 Quality Analyst, 1 Scrum Master, and 1 Dotnet Developer.

The Problem Statement

The client faces challenges related to their compensation management process, including inefficiencies and over-processing. These issues result in resource drain and loss of valuable time. Due to the diverse needs of each client, there is a need for a highly flexible framework that can be configured to meet unique requirements in terms of data models, workflow, and processes. The existing compensation programs need tailoring to ensure a customized and reliable client experience, addressing these complex issues effectively.

The Challenge

The most significant challenge we faced was the modification of the compensation program, which was unique in terms of its data models, workflow, and business processes. Furthermore, integrating the program with various HRIS systems, such as Workday and SAP, posed a challenge and required significant time and effort to ensure seamless data transfer between systems.

The Solution

  • The client gained a clearer understanding of the product development process.
  • The transparent view of the current and future product development helped the client devise a more effective marketing strategy.
  • The integration led to better financial management for the client and seamless third-party integrations.
  • The client achieved improved data accuracy and consistency across all systems, as well as streamlined data transfer and processing.
  • The integration saved significant time for the client and provided real-time visibility into compensation data, enabling better decision-making and reporting.

Our Process

Netsmartz followed the following process to fulfill the requirements of the client:


The team conducted thorough brainstorming sessions to gain a deep understanding of the client’s existing business processes and identify opportunities for expanding the features of our compensation program post-integration.

Project Planning & Launch Plan

After understanding the business requirements, our team modified the compensation program to meet the specific needs of the client. This involved extensive backend and frontend work, as well as integration with other HRIS systems, including Workday and SAP, through the use of APIs.

Team Deployment & Agile Methodology

The deployment of the team, which comprised developers, QA professionals, project managers, and scrum masters, was done for efficient application development. We followed the Agile methodology to execute the project; the sprint planning and task management are monitored using Azure Boards.

The Result

Netsmartz not only helped set up a team of seasoned professionals with expertise in research to navigate the complexities of the compensation program and ensure its proper modification and integration but also dedicated themselves to the implementation and ongoing support. This allowed for continuous improvement of the user experience and expanded functionality, while the team’s well-planned approach led to a firm grasp of the system and the smooth and efficient implementation of every module within the allotted sprint timeframe.


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