SOURCE: Callidus Software Inc.

Callidus Software Inc.

May 06, 2013 11:30 ET

CallidusCloud Announces New Quota and Territory Planning Solution to Accelerate the Lead to Money Process

PLEASANTON, CA--(Marketwired - May 6, 2013) -  Callidus Software Inc. (NASDAQ: CALD), a leading provider of hiring, learning, marketing and selling cloud software, announced today a ground-breaking new solution for managing sales quotas and territories. The solution enables sales managers to easily establish accurate quotas and sales targets, bringing sales forecasts in line with actual revenues.

"For too long companies have been trapped in spreadsheets and people intensive manual target setting processes," said Leslie Stretch, President and CEO, CallidusCloud©. "Quota and territory setting processes must be intimately linked and must be completed in minutes, not weeks, to avoid lost selling time. I am excited to announce our new solution that directly addresses the shortcomings of the current approaches to distribute goals to the field faster with greater accuracy."

Granular Control for Sales Effectiveness
With CallidusCloud Quota and Territory Planning, Sales managers can easily configure territories based on client segments, industry verticals, geographies and product sales. Managers can assign territory coverage rules, forecast revenues based on flat amounts or percentages, and align figures with corporate-wide targets. The product also features workflow for executive approval.

About CallidusCloud
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 1900 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.

©2013. Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, TrueComp Manager, ActekSoft, ACom3, ForceLogix, Salesforce Assessments, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake and 6FigureJobs are trademarks, service marks, or registered trademarks of Callidus Software Inc. and its affiliates 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.

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