In today's constantly changing, faster-than-ever-paced digital world, low-code/no-code platforms can be the answer to accelerate enterprise modernization, agility, and efficiency. What is low-code, you ask? ZDNET’s Daphne Leprince-Ringett explains it as “cutting, as much as possible, the hands-on knowledge that is necessary to build software (…) Instead of writing every single line of code for a given application, users of a low-code or no-code platform can build their project with point-and-click interfaces.”
Although digital technologies are rapidly transforming the business landscape, some companies are struggling to keep up with the changes. They face difficulties in scaling their work, integrating it with their existing information systems, and coordinating their activities across the entire enterprise. This often results in a disjointed collection of isolated applications and digital experiments with limited business value and no clear return on investment.
Low-code/no-code platforms can help bridge this gap and provide a way to rapidly develop, deploy, and integrate digital solutions without requiring extensive technical expertise. This helps businesses become more agile and efficient — enabling them to stay competitive and better serve their customers.
According to this KPMG report, “100% of enterprises who have implemented a low-code development platform have received ROI.” Here are a few reasons why…
By using a no-code platform, companies can create customized incentive compensation plans for their employees quickly and easily, without the need to engage IT, develop specialized technical skills, or bring in outside consultants.
A no-code solution allows companies to manage data in their complex incentive compensation plans more efficiently and accurately, reducing the risk of errors and improving the overall effectiveness of the program.
No-code incentive compensation management systems offer real-time analytics and reporting, which can help businesses monitor the effectiveness of their incentive compensation plans and make data-driven decisions. This leads to more effective and efficient use of resources and increased profits.
No-code solutions can help organizations remain agile and responsive to changing business needs, allowing them to quickly adapt their incentive compensation plans to reflect changing market conditions, customer demands, and business priorities.
All this helps businesses stay competitive and better serve their teams and customers, ultimately leading to increased profits and success.
Increased agility and faster time-to-market: by allowing business units to change and deploy different versions of their applications faster, companies can quickly respond to market demands and changing business needs, which leads to increased competitiveness and higher profitability.
Lower costs: as no-code solutions require fewer resources and less technical expertise than traditional development methods, they are significantly more cost effective.
Improved productivity: by empowering business users to build and customize applications, no-code solutions help free up IT resources to focus on more strategic initiatives, leading to greater organizational productivity and efficiency.
Greater flexibility: because no-code solutions can be quickly adapted and updated as business and market needs evolve, they allow companies to remain agile and responsive in a fast-paced environment.
More innovation: all these factors help empower business users to experiment with new ideas and solutions, leading to more innovative and creative solutions to business and market challenges that result in a greater competitive advantage.
In today's competitive business landscape, staying ahead of the curve is essential.
No-code solutions can help companies become more agile, cost-effective, and innovative. By empowering non-technical business users to build and customize applications, organizations can quickly adapt to changing market conditions and customer needs, leading to sustained growth and profitability.
Discover how Informa’s ICMS's no-code solution helps businesses manage their incentive-based compensation programs without the need for complex coding, expensive IT resources, or external help.
