SOURCE: Callidus Software Inc.

Callidus Software Inc.

July 05, 2012 07:00 ET

Colfondos Selects CallidusCloud Commissions to Calculate Compensation for Their Sales Force

PLEASANTON, CA--(Marketwire - Jul 5, 2012) - Callidus Software Inc. (NASDAQ: CALD), the leader in sales effectiveness and cloud computing, announced today that Colfondos, one of the largest regulated pension fund administrators in Colombia, has selected the CallidusCloud™ SaaS Commissions product to manage and calculate incentives and compensation for their sales teams. The agreement was signed in the second quarter of 2012.

"Colfondos was looking for a flexible and easy-to-use solution to calculate and manage sales incentives and compensation, and to obtain a clear view of sales performance across the board," said Jimmy Duan, SVP International Sales, CallidusCloud. "Our cloud Commissions product alleviates the complexity of incentives and compensation management, that eliminates manual intervention and costly errors without the need for a lengthy services engagement."

CallidusCloud Commissions is a multi-tenant SaaS incentive compensation product that delivers integrated sales key performance indicators (KPIs) and goal management with incentive design, calculation, payment, and real-time reporting and analytics. With a built-in collaboration platform, CallidusCloud Commissions delivers the agility businesses need to make adjustments throughout the fiscal year and gain rapid buy-in and sign-off from sales.

Commissions is delivered as part of CallidusCloud's sales and marketing suite, a SaaS suite designed to help businesses drive enterprise engagement, sales performance management and sales effectiveness throughout the sales cycle with award-winning, multi-tenant cloud software. CallidusCloud offers the following SaaS and mobile solutions: candidate assessment tests for hiring, video interviews, marketing automation, quotes and proposals, sales enablement, sales coaching, sales commission management, learning management and content authoring, underpinned by analytics and enterprise gamification.

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About Callidus Software
Callidus Software Inc. (NASDAQ: CALD) is the market and technology leader in sales effectiveness and cloud computing. Our customers gain a competitive advantage by maximizing sales cost efficiencies and driving improvements in sales effectiveness. CallidusCloud's award-winning multi-tenant SaaS applications set the standard for performance management of a company's sales force and channel partners. Over 2.5 million users rely on our solutions to power their performance. For more information, please visit

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