NewswireToday - /newswire/ -
Atlanta, GA, United States, 2010/09/21 - Provider of online incentive programs, Loyaltyworks, announced the latest updates to RewardTrax®, incentive technology platform that powers their point reward programs.
Loyaltyworks, a leading provider of web-based incentive program services, announced the latest release of RewardTrax, the Software as a Service (SaaS) incentive technology platform that powers their point incentive programs. The release includes several major enhancements to the system’s Performance Tracking module, including features that help reduce program administration and support versatile, data-driven point award rules.
Highlights of RewardTrax enhancements in this release include:
• Reward Thresholds: point awards triggered by individual or program-wide performance targets.
• Automated Claim Verification: verification tools that automatically check the validity of claim submissions and allow immediate point awards
• Individual Goal Tracking: program participants and administrators can monitor progress towards pre-defined performance goals.
“The updates included in this release will help boost the performance of reward programs running on RewardTrax in several ways” says Kelly Held, VP of Information Technologies at Loyaltyworks.” All types of programs can now generate greater levels of motivation by setting performance goals on an individual basis and then monitoring every participant, encouraging them as they progress towards those goals. And programs that ask participants to provide invoice data or proof-of-purchase will require less administrative oversight. We listened to our customers for input on designing these enhancements – and the clients already using these new tools are offering very positive reviews.”
RewardTrax delivers branded, points-based reward, loyalty and incentive programs designed by Loyaltyworks to help businesses achieve a wide range of goals and objectives including growing customer loyalty, boosting sales revenue and share of wallet, increasing employee retention and engagement through recognition, strengthening channel relationships, motivating sales team performance, and more.
Loyaltyworks offers companies complimentary consultations, including demonstrations of RewardTrax, to explore if incentive programs can boost performance. Call 1-800-844-5000 or visit loyaltyworks website to learn more.
Loyaltyworks (loyaltyworks.com), designs, develops and manages full-service loyalty and incentive programs that produce measurable business results. For 30+ years, they have helped companies drive revenue and profit by building employee and customer loyalty and encouraging desired behaviors with rewards. Typical incentive-driven business solutions include channel sales promotion and loyalty, customer loyalty programs, sales incentive programs, and employee reward and recognition. Loyaltyworks brings especially deep experience to the execution of channel loyalty and contractor rewards programs. The company supports all of its points-based incentive programs with a comprehensive set of tools and services including program design, the RewardTrax technology platform, participant communications, program management, reward fulfillment and performance measurement.