SOURCE: Steelwedge Software, Inc.

October 16, 2008 07:55 ET

Steelwedge Software Announces Sales Planning and Performance Management (SPPM) Release 5.0 Featuring Expanded International Support, Collaboration & Sales Opportunity Forecasting

SPPM Release 5.0 Provides Localization for up to 20 Languages, Expanded Capabilities for External Collaboration With Customers and Suppliers, and Integrated Sales Pipeline Opportunity Forecasting

PLEASANTON, CA--(Marketwire - October 16, 2008) - Steelwedge Software, the leading innovator in Sales and Operations Planning (S&OP) solutions, today announced a new product release 5.0 for its Sales Planning & Performance Management (SPPM) solution.

Steelwedge SPPM release 5.0 expands on its existing multi-currency and international capabilities by offering localization support for more than 20 languages. The timing of Release 5.0 corresponds with a growing demand from existing multi-national customers and new sales opportunities from companies in Europe, Asia and around the world. "As the recognized leader in S&OP applications, SPPM release 5.0 further fuels our rapid growth in international markets," said Glen Margolis, CEO. In addition to expanding the international capabilities of its product, Steelwedge recently opened a sales office in the Hyderabad, India and will soon be establishing another sales office in Beijing, China.

Steelwedge SPPM release 5.0 expands the capabilities of its Collaborative Gateway product to enable collaboration with external customers and suppliers as defined by the industry standard Collaborative Planning Forecasting and Replenishment (CPFR). "Extending S&OP beyond the enterprise requires a solution to embrace external customers and suppliers as part of the planning process. Release 5.0 expands our solution to support CPFR by enhancing our replenishment planning and inventory management capabilities. We are particularly excited about this new offering which we will be instrumental in growing our business in the Consumer Products and High Tech industries," said Chris Givens, VP of Marketing.

SPPM release 5.0 also offers expanded integrated sales opportunity forecasting by automating the management of sales opportunities into time phased forecasting periods. Bridging the gap between discrete sales opportunities and the overall time phased forecast is a key requirement for integrating sales and operations planning (S&OP).

ABOUT STEELWEDGE

Steelwedge Software Inc. links Sales & Operations Planning (S&OP) processes to existing systems through familiar desktop applications including email and Excel. Steelwedge helps companies improve the effectiveness of their S&OP, Collaborative Planning, Forecasting, and Performance Management activities. Steelwedge customers include Harley-Davidson, Hewlett-Packard, Honeywell, Emerson Electric, Juniper Networks, Nvidia, Spansion, Tellabs and Teledyne. For more information, please visit www.steelwedge.com.

Contact Information