Market Leader Brings Actionable Analytics to Sales Performance Management
Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced the launch of Monaco Summer 2011, the latest version of its class-leading on demand SPM suite for managing the lifecycle of the sales professional to maximize sales effectiveness.
"Monaco Summer 2011 advances the market by delivering actionable sales performance: the ability to simulate, analyze, and rapidly execute sales strategies within a single system," said Lorna Heynike, Senior Vice President, Marketing, Callidus Software. "With this release, business users no longer have to guess the quotas, territories, and incentives that meet their sales targets. Customers can visualize the top line and bottom line impact of multiple sales capacity, coverage, and incentive scenarios without deploying large-scale changes in the field, and then rapidly apply the optimal strategy across the sales force. This new integrated planning and execution platform closes the loop between financial targets and sales execution, dramatically accelerating the time to deploy new go-to market plans and reducing uncertainly in rolling out new sales strategies."
"The advanced modeling capabilities will enable us to easily identify our top performers, observe the impact of our payout rates, quotas and territories on performance, as well as the costs over a period of time," said Julie Orr, Senior Manager, Competence Lead, TrueComp Information Systems, Philips Healthcare. "This will allow us to drive growth by deploying the right incentive compensation regime while giving us the predictability that we need to effectively manage our costs."
The new version of Monaco includes the new Sales Performance Modeling and Simulation module, which enables business users to rapidly model quotas, territories, and incentives in their live, production system, analyze the effects of each model against growth and effectiveness targets, and deploy changes with a single click (i.e., no separate sandbox environments, no moving configurations and data between systems). The solution also enables users to automatically generate multiple variations in model inputs so that they can optimize their go-to market strategies in dynamic market conditions.
"The SPM software market is gaining visibility with enterprises attempting to integrate and optimize functions for sales planning, operational management and analytics," said Michael Dunne, Research Vice President, Gartner, Inc. "Going forward, advanced modeling functionality will be critical to enable sales organizations to account for the implications of compensation components, territory alignments, quotas and targets within a single planning exercise and associated constraints. Similarly, firms will need to explore more carefully how to expose outputs of sales planning efforts and subsequent performance data to sales teams on an ongoing basis through standard sales automation systems, including earnings potential of opportunities and deals, territory boundaries and account locations, and progress toward meeting objectives and quota milestones."
Monaco Summer 2011 also includes Callidus' next generation Reporting & Analytics platform. The new solution delivers easy-to-use, drag-and-drop ad hoc analytics capabilities built-in with the transactional system, reducing the dependency on IT for managing separate data marts. And because the solution leverages production data for all reports and dashboards, business users gain real-time access to all sales and channel performance data, eliminating the latencies, errors, and missed opportunities that can result from separate analytics data marts.
In addition, the release includes Callidus' new self-service Rewards solution: an easy-to-use, integrated module to enable organizations to rapidly generate and distribute incentives and rewards across the sales network. The solution helps decentralize the allocation of both cash and non-cash rewards, empowering managers and incorporating performance feedback in the compensation process.
For availability and pricing, call Callidus directly at (866) 812-5244 or email us at info@callidussoftware.com.
Callidus Software's award-winning solutions manage the entire sales talent lifecycle from sales selection, to sales enablement, to incentives and rewards, to coaching and learning, while providing visibility into operations and financial performance. This gives customers the ability to align their sales force and channel partners with their key business objectives to consistently and reliably execute on sales targets. The software is used by leading companies in a broad range of verticals including high-tech, telecommunications, banking, insurance, and pharmaceuticals. Since its inception nearly 15 years ago, the company has evolved into the most experienced, proven, and reliable SPM vendor in the marketplace. Callidus Software powers more than 2.5 million users across the globe.
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About Callidus Software(R)
Callidus Software (NASDAQ: CALD) is the market and technology leader in Sales Performance Management (SPM). Callidus customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales effectiveness. Our award-winning Software-as-a-Service (SaaS) applications set the standard for performance management of a company's sales force and channel partners. Over 2.5 million employees and channel partners have their performance managed by Callidus Software. For more information, please visit www.callidussoftware.com.
(C)1997-2011 Callidus Software Inc. All rights reserved. Callidus Software, the Callidus Software logo, TrueComp Manager, ActekSoft and ACom3 are trademarks, service marks, or registered trademarks of Callidus Software Inc. in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.