Xactly Corporation, a vendor of on-demand Sales Performance Management products, has announced the release of version 4.5 of its flagship Xactly (News - Alert) Incent application. The company also announced plans to deliver a unified product platform following its acquisition earlier this year of SPM vendor Centive.

Available to all customers on April 17th, the Xactly Incent 4.5 release has "enhanced dispute resolution, faster access to critical information, as well as summarized compensation-plan detail by individual," according to company officials.

 

The product will deliver what company officials describe as "more flexibility in designing and routing plan documents to ensure the right information is sent to the right people in a timely manner."

 

Also, as Incent currently features single sign-on capabilities with on-demand CRM applications from Microsoft, Oracle and Salesforce.com (News - Alert), with the new release, users can "configure and embed widgets throughout their CRM application that offer one-click access to Xactly SPM reports and sales performance management metrics," company officials explain.

 

In January, TMC reported that Xactly announced what company officials called "the third straight year of record revenue, with significant gains in customer growth." 

In 2008, Xactly claimed a more than 140 percent increase in recurring revenue and an 87 percent year-over-year increase in total revenue. The company also added to its customer base, with a third of existing customers adding new modules or subscribers, and increased its total number of subscribers by 84 percent.

Following its acquisition of Lowell, Massachusetts-based SPM vendor Centive earlier this year, Xactly became a vendor of what company officials say are "100-percent on-demand sales performance management" products. Xactly officials say they have selected the Xactly Incent platform as the underlying technology platform moving forward.

 

In order to move all customers to a single SPM platform, Xactly will be migrating Centive Compel customers to the Xactly Incent platform over time. Xactly is committed to supporting Compel customers for a minimum of 18 months. The company will also deliver new modules built natively on Salesforce.com's Force.com platform in 2009. 

 

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