CallidusCloud Acquires Next Generation Revenue and Commissions Cloud Technology to Complete Lead to Money Solution for ASC 60...
May 24 2017 - 04:05PM
Callidus Software Inc. (NASDAQ:CALD), a global leader in
cloud-based sales, marketing, learning and customer experience
solutions, announced today that it has acquired RevSym, a brand new
cloud solution focused on the management of revenue and incentives
in the new world of ASC 606. RevSym is a key addition to the Lead
to Money suite and is vital for public and private companies across
the globe. RevSym is the only pure cloud solution that takes into
account the commissions aspect of the process. Other solutions are
services heavy and a mixture of on premises and hosted. The
powerful combination of RevSym and CallidusCloud’s leading
Commissions, Configure Price Quote and Contract Lifecycle
Management solutions will enable customers to optimize their
critical revenue and commission processes to streamline compliance
with the new ASC 606 accounting rules.
“RevSym is the missing link in Lead to Money. The relationship
between sales commissions and revenue management, under the new ASC
606 rules, means companies must implement rigorous new processes to
remain fiscally compliant. Today most companies deal with the
revenue problem, only,” said Giles House, EVP and Chief Product
Officer, CallidusCloud. “Many large enterprises are using manual
processes or poorly executed automation software that is mostly on
premises. Using RevSym to automate these processes in the cloud,
especially the costs related to commissions over customer
lifecycles, will save time and money and create a powerful data
environment that can be analyzed to provide effective insight for
finance and sales operations.”
“Our pure-play cloud solution comprehensively addresses the
requirements of ASC 606. Under the umbrella of CallidusCloud’s
proven multi-product Lead to Money business, we can meet the needs
of large scale customers who need automation now, to prepare for
the impending rule changes and the impact to sales commissions,”
said Seshu Chilukuri, Chief Technology Officer, RevSym. “Connecting
quotes, contracts and commissions to revenue under the new rules is
a unique innovation that customers expect from a market
leader.”
For more information about RevSym please visit
www.revsym.com
About CallidusCloud Callidus Software Inc.
(NASDAQ:CALD), doing business as CallidusCloud®, is the global
leader in cloud-based sales, marketing, learning and customer
experience solutions. CallidusCloud enables organizations to
accelerate and maximize their lead to money process with a complete
suite of solutions that identify the right leads, ensure proper
territory and quota distribution, enable sales forces, automate
configure price quote, and streamline sales compensation -- driving
bigger deals, faster. Approximately 5,400 leading organizations,
across all industries, rely on CallidusCloud to optimize the lead
to money process to close more deals for more money in record
time.
©2017 Callidus Software Inc. All rights reserved. Callidus,
Callidus Software, the Callidus Software logo, CallidusCloud, the
CallidusCloud logo, Clicktools, SURVE, syncfrog, TrueComp Manager,
ActekSoft, ACom3, iCentera, Webcom, Litmos, the Litmos logo,
LeadFormix, Rapid Intake, 6FigureJobs, and LeadRocket are
trademarks, service marks, or registered trademarks of Callidus
Software Inc.
Media Relations Contact
Chris Bucholtz
CallidusCloud
925-251-2200
pr@calliduscloud.com
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