SOURCE: Callidus Software Inc.
PLEASANTON, CA--(Marketwire - Oct 11, 2012) - Callidus Software Inc. (NASDAQ: CALD), a leading provider of hiring, learning, marketing and selling cloud software, announced today that a global provider of news and business information has selected CallidusCloud's Commissions. The CallidusCloud® solution replaces an existing sales compensation management system to provide critical insight into sales performance. The agreement was signed in the third quarter of 2012.
"This new contract underscores the trend that more companies are moving to CallidusCloud due to the flexibility and ease of use our solution provides," said Eric Brown, Vice President, North America Sales, CallidusCloud. "Companies need to be able to gain critical insight and make essential changes in real time, without being hindered by extensive consulting engagements. Commissions will deliver this leading news provider significant benefits by optimizing the administration of their compensation plans, reducing calculation errors, and delivering detailed sales analytics to improve the overall performance of their sales teams."
CallidusCloud's Commissions enables companies to deploy targeted incentives and commission programs to drive sales execution. It provides businesses with the ability to automate the calculation and payment of commissions across internal and external sales. With extensive modeling and analytics capabilities, the solution provides clear insight into the performance of current plans as well as a highly accurate forecast of future performance. Sales and finance operations enjoy significant time and cost savings whilst sales teams enjoy faster, more accurate and more transparent commission payments.
Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud, is a leading provider of cloud software. CallidusCloud enables organizations to drive performance and productivity across their business with our hiring, learning, marketing and selling clouds. From back office to the field, from desktop to mobile, we ensure organizations have the right tools to be more effective and perform better. The combined power of our clouds, our people, and our partners fuels growth, empowers the work force and delivers real value. CallidusCloud drives performance and productivity for over 1500 leading organizations. Small, medium and large enterprises across multiple industries and geographies rely on CallidusCloud for quicker hiring, simpler learning, better marketing, and smarter selling.
For more information, please visit www.calliduscloud.com.
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