Brassring Chooses Centive Compel to Automate Sales Compensation Management
On-Demand Sales Compensation System to Help Drive Sales Performance for a Leading Human Resources Technology Provider
BURLINGTON, MA, March 20, 2006 - Centive, the leader in on-demand sales compensation management, today announced that Waltham, MA-based BrassRing - a leading provider of talent management solutions that help businesses compete through talent and improve their position in the global marketplace - has selected Centive CompelTM to automate its sales compensation process. BrassRing chose Compel based on its ability to provide the automation, flexibility and real-time visibility that was lacking in their existing system.
"Our main objective was to implement an automated sales compensation system that would be more efficient for compensation administration and would provide sales representatives and managers with real-time access into sales performance metrics," said Deborah Besemer, president and CEO at BrassRing. "By deploying Compel, we are confident that we now have a system that will scale with us as we grow and help us align and motivate our sales team to achieve peak performance."
Centive Compel is a fully-automated sales compensation management system delivered through an affordable, subscription-based service. Compel is easy to deploy, learn and use - there is no software to purchase or install. Compel goes beyond simply calculating accurate commissions and bonuses; it offers strategic value by providing sales representatives and managers with real-time visibility into attainment and performance data. Compel offers finance executives a flexible system for modeling various compensation scenarios, and provides a complete audit trail of all changes made to plans and data as well as the security and process controls needed to support Sarbanes-Oxley compliance initiatives.
Compel features integration with salesforce.com and other CRM systems to enable sales representatives and executives to see beyond current attainment and actually forecast compensation based on opportunities in their pipeline. This integration provides Centive's customers with full automation of the sales lifecycle - From Prospect to PaycheckTM - to ensure that sales reps stay focused, aligned and motivated to close the right business.
"Our clients understand the importance of leveraging compensation as a strategic tool to drive sales performance," said Michael Torto, president and CEO of Centive. "We look forward to playing a part in BrassRing's continued growth and success by providing sales managers and sales representatives with a tool they can use to achieve and exceed quota and revenue targets."
About Centive
Centive, a privately held company headquartered in Burlington, MA, is the leader in on-demand sales compensation management. Companies use Centive Compel to accurately calculate commissions and bonuses and gain real-time visibility into sales performance metrics. As an on-demand subscription service, Compel is a cost-effective solution that allows executives to be strategic and sales reps to stay motivated and focused on selling.
Centive's flagship on-demand application, Compel, was recently named a 2006 CODiE award finalist in the "Best Financial Software" category. The CODiE award, presented by the Software and Information Industry Association (SIIA), represents the highest honor in the software and information industry and is the only peer-recognition program of its kind.
To learn more about Centive, please visit www.centive.com or call 1-877-CENTIVE.
About BrassRing
Founded in 1997, BrassRing is a leading provider of talent management solutions that help businesses compete through talent and improve their position in the global marketplace. BrassRing's Workforce by DesignTM seamlessly integrates innovative technology, consulting and outsourcing with recruitment expertise to give clients the edge they need to successfully meet talent lifecycle challenges and build a competitive workforce -- in any economic climate. BrassRing has earned a number of prestigious industry awards, including two consecutive Software & Information Industry Association CODiE Awards (2004 and 2005) for "Best Human Resources Product" and the Sears "Partners in Progress" Award. Headquartered in Waltham, Massachusetts, BrassRing has operations in the United States and Europe. To learn more about BrassRing and its technologies, please visit www.brassring.com. BrassRing is a registered trademark of BrassRing LLC.
