SOURCE: Callidus Software Inc.

Callidus Software Inc.

November 06, 2012 07:00 ET

Innovative Insurance Partners LLC Selects CallidusCloud's ICM to Accurately Calculate Agent Commissions

PLEASANTON, CA--(Marketwire - Nov 6, 2012) - Callidus Software Inc. (NASDAQ: CALD), a leading provider of hiring, learning, marketing and selling cloud software, announced today that Innovative Insurance Partners LLC has selected CallidusCloud's ICM, the market-leading Incentive Compensation Management solution for the insurance industry. The agreement was signed in the fourth quarter of 2012.

"Our focus is to spend resources on technology and other infrastructure methods to ensure we are ahead of the game," said Andrea Baumer, President and CEO, Innovative Insurance Partners LLC. "CallidusCloud® was a natural choice for us as our commission software vendor. We realize that we are providing the agent's 'paycheck,' so we need to be accurate, timely and efficient!"

CallidusCloud's ICM solution is built to deliver extreme automation in integration, plan configuration, producer management, payout calculation and communication. It is a highly configurable solution supporting rapid deployment, ease of use and reduced operational complexity. As part of the solution, the producer portal allows for delivery of payment and performance-related information through the web or a Customer Relationship Management system.

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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 1500 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.

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