ITRS Group Software Purchases and Digital Transformation Initiatives

Discover the latest software purchases and digital transformation initiatives being undertaken by ITRS Group and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 180 ITRS Group employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that ITRS Group has purchased the following applications: Xactly Incent Enterprise for Incentive Compensation Management in 2017, Microsoft Azure Cloud Services for Application Hosting and Computing Services in 2016, Amazon EC2 for Application Hosting and Computing Services in 2018 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems ITRS Group is running and its propensity to invest more and deepen its relationship with Xactly , Microsoft , Amazon Web Services (AWS) or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

We have been analyzing ITRS Group revenues, which have grown to $20.0 million in 2023, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for ITRS Group intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.

About the Customer

ITRS Group provides Geneos for real-time insight into the end-to-end health, performance, and capacity of business transaction workflow for investment banks, wealth managers, exchanges and trading venues, hedge funds, brokers, and data vendors worldwide. It is based in London, the United Kingdom with additional offices in New York, Hong Kong, Manila, the Philippines, and Singapore.

Scope and Challenges

ITRS Group as a leading provider of real-time monitoring and analytics software for financial services businesses underwent a digital transformation in 2017 in order to optimize its incentive compensation. 

In desperation to replace spreadsheets, they decided to adopt Xactly's software, Xactly Incent Enterprise.

Outcome and Implications

With Xactly, ITRS can apply data intelligence to better understand and optimize compensation spend. Including out-of-the-box integration with Salesforce CPQ, Xactly enables sales reps to easily configure deals and track their performance and payments, all from a single, easy-to-use dashboard.

In addition to eliminating the time and hassle of managing their incentive compensation manually, ITRS expects the increased visibility for reps will reduce shadow accounting and sales dispute. 

Quotes

“We are delighted to welcome ITRS to the Xactly family. Together we will work with their team to create and manage sales compensation initiatives that align with their company goals, enabling them to achieve better engagement and inspire their sales reps.” - said Evan Ellis, President, and COO of Xactly.