Varicent - Press Releases

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(Toronto, ON) – Varicent Software Incorporated, a leader in incentive and sales performance management (SPM) solutions, today announced the immediate general availability of Varicent Sales Performance Management (SPM) 3.0. This new version offers full web support for reporting and dashboards, and can be fully integrated with other front and back office systems, offering low total cost of ownership and fast return on investment.

The value to Varicent customers of using the latest version of SPM is a fully integrated view of all variable based pay plans across multiple departments within the company, tighter period controls and transactional audit features, enhanced flexibility with plan calculation designs and maintenance, improvements to Workflow Management, and a significant boost to data load and processing performance.

Through a customizable reporting and dashboard web interface, sales agents can have real-time access to their commission, quota, attainment and target data to help them track individual and team performance, while encouraging productive sales behavior.

"This high-performance version is easy to use, has tighter systems integration, and an extended, highly flexible calculation engine," said Alka Gautam, Varicent's head of Marketing. "Version 3.0 can effectively cut a company's administrative and processing cost per sales agent by 60-75%, while improving quality and management information so much that the system almost always pays for itself in less than six months."

"We're very excited about Version 3.0. The application will continue to help clients to streamline business processes, reduce administrative costs and improve operating efficiencies. We believe that our product is now the most powerful sales compensation management system available today, and will set a new standard in this rapidly growing space."

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.