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Callidus Software Wins Contract from Leading Global Software Vendor for Its Monaco SPM Suit

By Madhubanti Rudra
TMCnet Contributor

The leading sales performance management solutions provider, Callidus Software (News - Alert) Inc announced the signing of a new deal with a global technology provider. According to the agreement that was signed in the third quarter of 2011, Callidus will provide a global technology company with its Monaco On Demand SPM suite, which has been designed to deliver a SaaS (News - Alert) solution to help companies maximize their sales effectiveness.

In a press release, Callidus clarified that the end to end Monaco sales performance solution will be leveraged by the new client to enhance its internal sales performance. The solution which comes complete with diverse functionalities, will cover the management of multiple aspects of the company’s sales process.

According to Callidus, its Monaco On Demand suite helps the companies improve alignment of sales execution in a variety of ways. The solution allows the companies to design and deploy the right mix of commission plans, MBOs, and SPIFFs for efficient sales execution. The solution also allows the companies to work out the right strategy of incentives and rewards, so that the company is able to increase its sales output without affecting the profitability. Above all, the solution helps consolidate all sales results data in a single platform with real time web and mobile access. Moreover, the solution is easy to use and extremely flexible.

“This SaaS deal will provide Callidus' award-winning Monaco solutions to a major global technology provider. Monaco continues to gain momentum around the world with its unbeatable combination of ease of use and flexibility, all delivered as part of Callidus Cloud 100 percent multi-tenant SaaS infrastructure. The solution is designed from the ground up to provide more rapid time to value, reduced cost of ownership, and a superior customer experience, making Callidus SaaS the solution of choice for the world's technology leaders,”  president and CEO of Callidus Software Leslie Stretch commented in a statement.

According to Callidus, over 2.5 million users across the globe are using Callidus Software for managing sales performance. Recently the company acquired Rapid Intake , the leader in collaborative rapid e-learning authoring.

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