SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 20, 2011 09:16 ET

Callidus Software to Preview New On Demand Rewards Management Solution at WorldatWork Total Rewards 2011 Conference

Callidus to Demonstrate the Latest Innovations in Its Acclaimed Monaco Sales Performance Management Suite

PLEASANTON, CA--(Marketwire - May 20, 2011) - Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), announced today it will do a sneak preview of its new Monaco On Demand release, Monaco Summer 2011, at the WorldatWork Total Rewards 2011 Conference and Exhibition. The conference will be held May 23-25 at the San Diego Convention Center, San Diego. The three-day event brings together human resources professionals to learn about the latest strategies on attracting, motivating, and retaining talented employees.

Callidus Software will be located at booth #830. For more information on the event, see: http://www.worldatwork.org/waw/sandiego2011/attendee/index.jsp.

Available early in the third quarter, the Rewards Management solution is a new self-service compensation platform that seamlessly integrates with Callidus' Sales Talent Lifecycle Management suite -- an end-to-end on demand platform for effectively managing the lifecycle of the sales professional to optimize sales effectiveness. The new solution enables organizations to leverage the right mix of compensation for each role in the sales network, including leveraging SPIFF, bonus, merit-based, stock, and non-cash rewards along with commissions as part of a single, SaaS platform. The easy-to-use self-service platform is designed to help decentralize the allocation of total rewards, enabling manager-driven decisions and incorporating performance feedback in the compensation process.

"We are very excited about the opportunity to demonstrate the benefits of our new self-service compensation platform as part of the Monaco suite," said Lorna Heynike, Senior Vice President, Marketing, Callidus Software. "With the addition of the Rewards solution, Callidus now delivers the most comprehensive compensation solution in the market -- supporting commissions, MBOs, bonus, stock, and merit-based increases on a single platform. The solution delivers tremendous flexibility to organizations driving performance across sales roles. And because the solution is delivered through Monaco's easy-to-use, self-service interface, organizations gain real transparency in the pay-for-performance process -- a proven attribute of high performance sales forces."

Using the new Reward Management solution, businesses can:

  • Manage total compensation for the sales force including sales contest, SPIFF, bonus, merit-based salary increase, stock, and non-cash rewards in addition to incentive compensation.
  • Link budgets and reward pools to corporate, team, and individual performance results to drive a pay for performance culture.
  • Gain flexibility in the variable pay program by enabling manager-driven decisions and incorporating performance feedback in the compensation process.
  • Drive transparency in performance-based compensation by communicating rewards to managers and employees through the easy-to-use self-service interface.

Callidus Software's award-winning solutions manage the entire sales talent lifecycle from onboarding, to incentives and rewards, to coaching and performance optimization, while providing visibility into operations and financial performance. This gives customers the ability to align their sales force and channels 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 two million users across the globe.

About Callidus Software®

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 million employees and channel partners have their performance managed by Callidus Software. For more information, please visit www.callidussoftware.com.

©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.

Press Contact:
Rajendran Nair
Callidus Software, Inc.
925-251-2255
pr@callidussoftware.com

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