April 12, 2007 - Callidus Software announced that Impac Funding Corporation, one of the nation's largest Alt-A mortgage lenders, has selected Callidus On-Demand solutions to manage incentive compensation for Impac's loan agents across the country. Under the terms of the agreement, Impac will use Callidus' industry-leading on-demand TrueComp Manager, TrueInformation and TrueResolution software solutions. Impac chose Callidus On-Demand solutions to continue ensuring agent payment satisfaction.
"Companies, particularly in the mortgage industry, can spend upwards of $30-50 million annually on commissions and other sales incentives, representing between 5% and 30% of their total revenue," said Robert Youngjohns, CEO and president at Callidus Software. "Impac's selection of our on-demand sales performance management solutions further validates our vision of helping companies of all sizes manage compensation and sales while aligning ever-changing market conditions with sales strategies and bottom line business objectives."
The Callidus On-Demand model will enable Impac to quickly get online with best-in-class SPM and EIM solutions while minimizing the requirements of internal IT resources. In addition, Callidus' On-Demand solution will provide seamless online communications between the finance and compensation teams. The solution will enable all departments to share real-time, up-to-date incentive compensation reports and offer an additional resource for best practices around Sarbanes-Oxley compliance requirements.
The HR industry´s premier online community and resource for Human Resource professionals: HR, human resources, HR community, human resources community, HR best practices, best practices in human resources, online communities for HR, HR articles, HR news, human resources articles, human resources news, HR events, leadership, performance management, staffing and recruitment, benefits, compensation, staffing, recruitment, workforce acquisition, human capital management, HR management, human resources management, HR metrics and measurement, organizational development, executive coaching, HR law, employment law, labor relations, hiring employees, HR outsourcing, human resources outsourcing, training and development
hr.com.
human resources management resources for hr professionals. |
HR menus
|
HR events
|
HR Sitemap