Accounting and Financial Software
Software manages enterprise incentives.
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Press Release Summary:
TrueComp® Enterprise is comprised of 3 major applications that automate incentive compensation business processes for major companies. TrueComp streamlines modeling, design, reporting, and analysis of incentive compensation programs, while TrueInformation(TM) distributes goal and achievement information to extended enterprise. TrueResolution® allows sales professionals to request updates to compensation data, such as sales credit, compensation, quota, and organizational changes.
Original Press Release:
Callidus Software Launches TrueComp® Enterprise at Annual User Conference
Fifth Generation EIM Solution Delivers Important Strategic Functionality
SAN JOSE, Calif., September 19, 2005 - Callidus Software Inc. (NASDAQ: CALD), the leader in Enterprise Incentive Management (EIM), today introduced TrueComp Enterprise, the fifth generation of it's market leading EIM solution. Featuring enhanced modeling capabilities, quota management features, and guides, a new simplified interface for compensation administration; TrueComp Enterprise will be available to the general market on September 30th, 2005.
TrueComp Enterprise is comprised of three major applications that comprehensively automate incentive compensation business processes for major companies in all industry sectors. These applications are TrueComp, TrueInformation(TM), and TrueResolution®.
TrueComp is designed to help compensation analysts and administrators bring a high degree of flexibility, scalability, and adaptability to the variable compensation management process. The software streamlines the modeling, design, reporting and analysis of incentive compensation programs. TrueComp is sophisticated enough to tackle and manage the most complex compensation plans - yet simple enough to administer without heavy reliance on IT resources. Through TrueComp's new modeling capabilities, the impact of new incentive rules can be modeled and analyzed. Scenarios can be used to compare, plan, budget, and forecast compensation costs for future periods. Additionally, a new quota management workspace allows users to distribute quota across the sales force quickly and efficiently. To take the pain out of compensation plan administration, TrueComp also brings another innovation to EIM: new easy-to-use Guides, powerful wizards that make every day compensation administration tasks simple and fast.
TrueInformation is the reporting component of the TrueComp Enterprise solution, and serves to distribute goal and achievement information to the extended enterprise. Seamlessly integrated into the Callidus Portal, it delivers information via the Web, providing the sales force, dealer networks, brokers and channel partners with timely and accurate visibility into their personal or team sales performance. It supports the deployment of new sales strategies and offers out-of-the-box organizational security, pre-built template reports and the ability to adapt to and reflect organizational change. As a result, sales and channel partners are confident they are receiving accurate credit for their sales performance.
TrueResolution replaces what is typically a manual and error-prone process with an automated application that allows sales professionals to request updates to compensation data, such as sales credit, compensation, quota, and organizational changes. Compensation issues are resolved in a fraction of the time compared to manual, e-mail and telephone-based systems - but with 100% accuracy. As a result of faster dispute resolution and increased trust in the compensation system, the sales force is enabled to focus on closing business, rather than spending valuable time worrying about their compensation.
"We are convinced that our solution addresses today's core issues of EIM and sales performance management," said Robert Youngjohns, president and CEO of Callidus Software. "TrueComp Enterprise is comprised of the three leading products in the market. It enables our customers to easily control very complex problems that any modern enterprise is facing when it looks at strategic ways to drive revenue and profitability. The flexibility, error and overpayment reduction features also facilitate Sarbanes-Oxley compliance. With TrueComp Enterprise, we offer Global 2000 customers a highly advanced combination of scalable architecture, professional services, and support to support fast and tangible ROI, "continued Youngjohns.
About Callidus Software
Founded in 1996, Callidus Software Inc. (www.callidussoftware.com) is a leading enterprise incentive management (EIM) provider to global companies across multiple industries. Callidus Software's EIM systems allow enterprises to develop and manage incentive compensation linked to the achievement of strategic business objectives. Through its TrueComp Grid architecture, Callidus Software delivers the industry's only EIM solution that combines the power and scalability of grid computing with the flexibility of rules-based interface. Customers/partners include AOL Time Warner Corporation, AT&T Wireless, BMC Software, CUNA Mutual, Dun & Bradstreet, IBM, SBC Communications and Sun Microsystems. Callidus Software is publicly traded on the NASDAQ under the symbol CALD.
