SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 19, 2010 07:00 ET

Callidus Software to Showcase Producer Lifecycle Management Solution at 2010 ACORD LOMA Insurance Systems Forum

Sales Performance Management Leader Demonstrates End-to-End Solution for Sales Lifecycle Management in the Insurance Industry

SAN JOSE, CA--(Marketwire - May 19, 2010) -  Callidus Software Inc. (NASDAQ: CALD), the leader in Sales Performance Management (SPM), today announced it will showcase its end-to-end Producer Lifecycle Management suite at the 2010 ACORD LOMA Insurance Systems Forum. The conference will be held May 24-26 at the Mandalay Bay Resort, Las Vegas, Nevada. The event brings together senior management in Business, Technology and Financial Services to review ideas on how to improve data integrity, meet regulatory requirements, protect business, and stay competitive in the myriad of today's industry and regulatory challenges. 

Callidus Software will be located at booth #745. For more information on the 2010 ACORD LOMA Insurance Systems Forum, go to http://www.callidussoftware.com/newsroom/.

"We are very excited about the opportunity to demonstrate the benefits of our sales lifecycle management solutions specific to the insurance industry," said Lorna Heynike, senior vice president of marketing at Callidus Software. "The insurance marketplace is the proving ground for sales performance management. Agent lifecycle management and commissions processing are the most business critical elements in this market. To date, Callidus has helped over 70 insurance enterprises harness the power of incentives to drive performance through the producer lifecycle. Our solutions help insurers maximize cost efficiencies through increased flexibility and control of incentives and payments to producers, and optimize producer capacity to profitably drive revenue growth."

Attendees of the event will discover how Callidus' Producer Lifecycle Management suite supports a comprehensive solution for managing and optimizing producer performance. At its core, the suite drives channel performance through incentives, calculating complex commissions for high volumes of data across products, channels, and geographies. This helps insurers accurately pay agents on time, while reducing leakage, overpayments, and fraud. Because Callidus also manages the on-boarding and master data of producers, businesses can evaluate the effectiveness of their distribution channels against target, and easily adapt capacity, coverage, and incentive programs to meet changing business conditions.

Callidus Software's award-winning solutions manage the entire sales talent lifecycle from on-boarding, to incentives and rewards, to talent development, while providing visibility into operations and financial performance. This gives customers the ability to align their sales force and channels with their 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 manages over $50 billion in incentives and compensation for more than 2 million payees in over 140 countries.

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 execution. 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.

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