DEERFIELD, IL, September 10, 2011
/24-7PressRelease/ -- Excentive International, the fastest growing global compensation systems vendor, announced today that it has been named as a "Market Leader" in the area of Incentive Management in CRM magazine's 10th annual CRM Market Leaders Awards. The magazine enlists a panel of top industry analysts in each category to conduct an extensive evaluation process to select the award recipients, based on factors such as innovation, leadership, customer satisfaction, and cost-effectiveness of the solution.
Incentive management is seen as a critical core process for today's businesses, who need to be able to leverage their human capital, manage governance, risk and compliance issues, and gain a competitive edge by both adapting to change and capitalizing on market opportunities. "The market has been growing as organizations look to rationalize and replace spreadsheets," says Mark Smith, chief research officer and CEO of Ventana Research. Ray Wang, principal analyst and CEO at Constellation Research, predicts that IM will extend its reach into the larger market of human capital management. "There's a realization that we haven't been investing in people as much as we should," he says.
This is Excentive International's first-ever appearance as a category leader, reflecting the company's growing global presence and acceptance as a standard by industry leaders. Smith praises Excentive International's "approach to integrate incentives and compensation across the organization," a philosophy that's consistent with the current customer demand for a platform to manage total compensation across the enterprise. Excentive International is unique in its ability to provide a unified solution to manage, control, and analyze compensation, which typically is a company's largest expense and largest controllable driver of performance.
Excentive International has been a global leader in compensation management systems since its inception in 2002, providing a platform for automating and managing all aspects of compensation, including sales commissions, salary planning, performance reviews, bonus plans, long term incentive plans, and all forms of variable incentives. Use of the Excentive International solution, called Compensation Cockpit, enables enterprises to use compensation as an effective tool for managing individual and company performance, while bringing efficiency and transparency to the process. Companies adopt Excentive International to be able to attract, retain, and motivate their human capital, and to use compensation as a means to align performance to strategy and adapt quickly to an ever-changing business environment.
According to Fabio Ronga, CEO of Excentive International, "We are very excited to be recognized in this way by such an influential publication as CRM magazine. It is a validation of what our industry-leading customers already know, which is that Excentive International provides the robust functionality and analytics that are needed to be in control of compensation and maintain a high level of performance in competitive marketplace."
About Excentive International
Excentive International (www.excentive.com) provides a Total Compensation software solution covering Employee Performance Management (EPM) and Sales Performance Management (SPM). Our customers typically range from large to very large leading companies, across all industry sectors, leveraging human capital to differentiate from competitors; using the solution to attract, motivate and retain human capital. Excentive International's Total Compensation Management software manages Incentive Compensation to drive Sales Performance and Salary, Bonus and Equity Compensation to drive Employee Performance.
We have offices throughout the US and Europe as well as partnerships spanning to Asia to globally serve our customers.
For more information contact:
North America: Jeff Yoder, tel (203) 820-1032, jeff.yoder@excentive.com
International: Tanya Jansen, tel +41 26 504 2512, tanya.jansen@excentive.com
About CRM magazine
CRM magazine is the leading publication of the customer relationship management industry, covering sales, marketing, customer service, and strategy. The magazine also administers and hosts the annual CRM Evolution conference. Each of these properties is designed to serve customer-centric business initiatives, and leaders who recognize CRM as a key strategy for creating enhanced customer value in any industry. For more information about the magazine, its editorial calendar, or CRM in general, please visit us on the Web at http://www.destinationCRM.com, or on Twitter at @CRM (http://twitter.com/CRM) and @destinationCRM (http://twitter.com/destinationCRM). The destinationCRM Web site (which is updated daily) and the monthly magazine are properties of CRM Media, a division of Information Today, Inc.
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