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February 13, 2006
Varicent Recognized for Enabling Automation of Incentives

(Toronto, ON) – Varicent Software Incorporated, a leader in incentive and sales performance management (SPM) solutions is pleased to announce that it has received positive recognition for its flagship product, Varicent SPM, in a featured article in the Business Intelligence Network. Varicent SPM enables organizations to automate the design, calculation and management of commission plans.

With its vast library of up-too-date articles, newsletters, interviews and blogs, Business Intelligence Network is the industry's premier on-line portal for best practices coverage in Business Performance Management, and Business Intelligence.

“Varicent has focused its business on helping organizations manage and monitor their sales performance, an important subset of the vast Business Performance Management category,” stated Craig Schiff, President and CEO of BPM Partners, and author of the newsletter that recognized Varicent. “With this best-of-breed approach, Varicent will positively impact the sales performance of their clients, and is well positioned to play an important role in this evolving market."

"We are honored to have such a prestigious publication recognize our company," says Dan Shimmerman, Varicent’s President and Chief Executive Officer. "With the release of Varicent SPM, our engineering and development team solved a highly complex and pervasive business problem caused by obvious difficulties managing spreadsheet-based commission systems. In moving away from a manual and spreadsheet-intensive commission process to the adoption of solutions like ours, companies can truly emerge as leaders in Sales Performance Management best practices."

About Varicent

Varicent Software Incorporated is a leading provider of Sales Performance Management (SPM) solutions. Varicent's flagship product, Varicent SPM, enables organizations across multiple industries to effectively design and mange incentive pay calculations across the company. Varicent SPM is a web-based solution built on Microsoft's .NET framework, and its patented rules-based calculation engine can manage the most complex compensation plans. Varicent's homepage is http://www.varicent.com.

 

About Business Intelligence Network

The Business Intelligence Network offers the most current information about data mining, its advancements and how some of the most innovative companies in the world are using it. Developing strong processes for your business is a daunting task, but it is also one that can be put into perspective when you have information resources from which to draw. We deliver the most pertinent content based on your preferences and needs on every relevant business topic. For more information on Business Intelligence Network, please visit http://www.b-eye-network.com.

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