SimplyMerit® is a compensation management software solution that enables HR teams, executives, and managers to plan and administer compensation programs with greater accuracy, efficiency, and security. It replaces manual spreadsheets with a centralized, cloud-based platform designed to support merit budgets, annual bonus pools, and equity grants across global organizations.
With SimplyMerit, organizations gain transparency into compensation decisions while reducing errors and administrative burden. HR leaders configure rules that match their business needs, managers make data-driven pay decisions, and employees receive clear, personalized Total Reward Statements that improve understanding and trust in the process. The platform is particularly valuable for organizations managing multi-currency workforces, running complex approval workflows, or seeking to eliminate the risks of spreadsheet-based compensation cycles.
Key features and capabilities include:
• Compensation planning – manage merit increases, bonuses, and equity grants in a single platform.
• Currency conversion and prorations – automatically apply conversions and prorations based on configurable business rules.
• Approval workflows – route pay decisions through custom approval paths for oversight and compliance.
• Total Reward Statements – generate and securely distribute personalized summaries of total compensation.
• Mobile-ready application – support managers wherever they work with an intuitive, responsive interface.
• Data security – safeguard sensitive employee data with enterprise-grade security and role-based access.
Use cases for SimplyMerit include:
• HR teams running annual or mid-year compensation cycles.
• Organizations looking to reduce risk and eliminate spreadsheet-driven processes.
• Companies managing multi-currency workforces across multiple geographies.
• Businesses seeking better visibility and governance over compensation decisions.
By streamlining compensation planning, SimplyMerit helps organizations improve accuracy, reduce risk, and deliver a better employee experience. Leaders gain confidence in budget management, managers make fairer pay decisions with real-time visibility, and employees understand the full value of their rewards.