Varicent Announces Latest Release of Incentive Compensation and Sales Performance Management Solution

SCOTTSDALE, Ariz., May 17 /PRNewswire/ -- Varicent Software, an innovator and global leader in providing Incentive Compensation and Sales Performance Management solutions, today announced the latest release of their flagship product Varicent 7.

"Varicent 7 is targeted at helping organizations deal with the barrage of changing requirements and expectations for incentive compensation systems," said Marc Altshuller, Executive Vice President, Worldwide Field Operations, Varicent.  "Our customers deal with complex requirements, more volatility and have less time and resources than ever before.  Varicent 7 enables our customers to take a new approach to tackling these challenges."

Varicent 7 enables organizations to:

• Easily manage increasingly complex compensation needs

An innovative new visual approach to managing increasingly complex and demanding incentive compensation needs.  Varicent 7 allows organizations to easily reuse logic and processes across roles, plans and divisions of an enterprise.  Customers can also easily obtain an overall view of compensation plans along with their key inputs and outputs.

• Significantly reduce implementation time and effort

Leverage best practices and significantly reduce the amount of effort required to implement common processes used in deploying a sales performance management solution.  

• Perform enhanced business modeling and scenario management

Quickly perform 'what if' analysis based on a multitude of variables including commission structures, organizational hierarchies, sales levels and more.

• Benefit from the continued delivery of customer requested enhancements

Including performance, scalability, user interface, and reporting enhancements.

Varicent 7 is being announced at INSIGHT10, the annual user conference for Varicent clients and partners, this year being held in Scottsdale, Arizona.  Varicent 7 will be generally available in June 2010.

About Varicent Software Incorporated

Varicent Software Incorporated is an innovative software solutions provider delivering measurable improvements to its clients businesses through its industry-leading sales performance management solution Varicent SPM. Varicent's customers are high-performing companies representing a variety of industries and include Waste Management, Convoy Financial Group, Sherwin-Williams, Manpower, Getty Images, Starwood Hotels, Sun Hung Kai Financial, and many others. For more information, please visit www.varicent.com.

©2010 Varicent Software. All rights reserved. Varicent and Varicent SPM are trademarks of Varicent Software Incorporated.

All other trademarks and company names mentioned are the property of their respective owners.

SOURCE Varicent Software