Harland Financial Solutions Goes Live With Callidus On-Demand Enterprise Incentive Management Solution
November 01 2006 - 8:00AM
PR Newswire (US)
Leading Financial Services Solution Provider Chooses and Implements
On-Demand EIM to Improve Sales Performance, Reduce IT
Infrastructure Complexity and Drive Revenue SAN JOSE, Calif., Nov.
1 /PRNewswire-FirstCall/ -- Callidus Software Inc. (NASDAQ:CALD),
the leader in Enterprise Incentive Management (EIM), today
announced that Harland Financial Solutions, Inc. has selected and
successfully gone live with Callidus On-Demand, the company's
best-in-class Web-based enterprise incentive management solution.
Harland Financial Solutions has implemented Callidus Software's
On-Demand TrueComp(R) Manager, TrueInformation(R) and Callidus
TrueAnalytics(TM) software modules to improve sales performance,
reduce IT infrastructure complexity and drive revenue. Harland
Financial Solutions was looking to further improve its sales
compensation system, as its existing system was becoming cumbersome
and challenging to maintain. The company needed an automated,
easy-to-use, on-demand sales compensation system that would
implement rapidly, provide the visibility and transparency required
by Sarbanes-Oxley and could be readily available at an affordable
price point. After a rigorous review of enterprise incentive
management providers, Harland Financial Solutions selected
Callidus' On-Demand solution to provide the best-of-breed EIM
technology, analytics, intuitive graphical user interface and
significant scalability the company required. Since the go-live of
Harland Financial, the company is now processing over 40
compensation plans for their Retail, Lending, Mortgage, Bank Core,
Credit Union and Intrieve System business units. "As one of the
leading providers of technology to U.S. financial institutions,
Harland Financial Solutions understands the critical role sales
performance plays in a company's overall success," said Eric Setz,
chief information officer of Harland Financial Solutions. "In our
review of EIM vendors, only Callidus Software fully met our strict
requirements, combining enterprise-class compensation solutions
with on-demand's rapid implementation and deployment cycles at a
cost tailored for the mid-sized business. With Callidus' On-Demand
solutions, Harland Financial Solutions will gain control over its
compensation process, improving sales performance, reducing IT
infrastructure and aligning sales with its business objectives."
"More and more mid-to-large sized businesses are realizing the
significant benefits of Callidus Software's On-Demand solution,"
said Richard Furino, senior vice president worldwide client
services of Callidus Software. "Companies like Harland Financial
Solutions will not only experience the benefits of rapid
implementation and deployment through the hosted environment, but
will also have access to extensive resources and services such as
the Sun Grid and our extensive domain expertise in EIM." Callidus'
On-Demand levels the playing field for incentive compensation
management. It provides medium-to-large sized enterprises a
best-of-breed EIM solution in a hosted environment. The
comprehensive on-demand EIM implementation developed by Callidus
Software leverages the power of the Sun Grid Compute Utility to
offer flexibility, efficiency, cost savings, security and
reliability. The solution also delivers all the advantages of
cutting-edge EIM with a selection of service levels and options to
suit an organization's business objectives, requirements and
resources. Upgrades and maintenance are entirely transparent to end
users and occur automatically. Callidus On-Demand automated Harland
Financial Solutions' sales compensation, further minimizing
mispayments and increasing overall productivity. The solution
provides the company's 150 payees with greater visibility into
sales performance and allows management to easily adapt, or design
sales compensation plans across multiple divisions to address new
product offerings, sales promotions and align sales goals with
corporate strategy. Callidus On-Demand also helps ensure
Sarbanes-Oxley compliance by providing transparency and audit
trails on the company's compensation plans. The Callidus solution
integrates easily and seamlessly into Harland Financial Solutions'
existing Softrax(R) accounts receivable system and its
PeopleSoft(R) human resources system. Using Callidus On-Demand,
Harland Financial Solutions experiences the following benefits: *
Increased efficiencies, reduced operating costs and rapid ROI *
Elimination of resource time and expense for maintenance and
upgrades * High availability, security and minimal downtime.
Availability Callidus' On-Demand solution is available now. Please
visit http://www.callidussoftware.com/products/on-demand.jsp for
more information. About Callidus Software(R) Founded in 1996,
Callidus Software (http://www.callidussoftware.com/) is an industry
leading Enterprise Incentive Management (EIM) provider to global
companies across multiple industries. Callidus' EIM systems allow
enterprises to develop and manage incentive compensation linked to
the achievement of strategic business objectives. Through its
TrueComp(R) Grid architecture, Callidus delivers the industry's
only EIM solution that combines the power and scalability of grid
computing with the flexibility of rules-based interface.
Customers/Partners include 7-Eleven, Accenture, CUNA Mutual, HP,
IBM, Philips Medical Systems, Sprint Nextel, Sun Microsystems and
Wachovia. Callidus is publicly traded on the NASDAQ under the
symbol CALD. About Harland Financial Solutions Harland Financial
Solutions (http://www.harlandfinancialsolutions.com/), a
wholly-owned subsidiary of John H. Harland Company, supplies
software and services to thousands of financial institutions of all
sizes, offering its solutions in both an in-house and service
bureau environment. The company is a leader in core systems, item
processing, enterprise content management, branch automation,
customer relationship management, business intelligence,
origination and document solutions, risk management, compliance
training, financial accounting, open documents, mortgage solutions,
electronic funds transfer (EFT), self service solutions and
performance advisory services. About Harland Atlanta-based John H.
Harland Company (NYSE:JH) (http://www.harland.net/) is listed on
the New York Stock Exchange under the symbol "JH." Harland is a
leading provider of software and printed products to the financial
institution market. Harland's software solutions include deposit
& loan origination, platform, teller, call-center, mortgage,
business intelligence, core systems and customer relationship
management systems. Harland's printed products offerings include
checks, direct marketing and financial forms. Scantron Corporation
(http://www.scantron.com/), a wholly owned subsidiary, is a leading
provider of software services and systems for the collection,
management and interpretation of data to the financial, commercial
and educational markets. Note on Forward-Looking Statements The
forward looking statements included in this press release,
including the ability of Callidus On-Demand solution to
significantly cut project timelines, save cost compared with
on-premise solutions and reduce IT infrastructure complexity and
that the solution is always on and always upgraded, reflect
management's best judgment based on factors currently known and
involve risks and uncertainties. These risks and uncertainties
include, but are not limited to, timing and size of software
license orders, management's ability to successfully implement its
business plan, changes in executive management, potential material
fluctuations in financial results and future growth rates,
decreases in customer spending, increased competition or new
entrants in the marketplace, litigation and other risks detailed in
Callidus' reports filed with the Securities and Exchange Commission
(SEC), including its Form 10-K and Form 10-Qs, copies of which may
be obtained by contacting Callidus Software's Investor Relations
department at 408-808-6577, or from the Investor Relations section
of Callidus Software's website (http://www.callidussoftware.com/).
Actual results may differ materially from those presently reported.
We assume no obligation to update the information contained in this
release. NOTE: Callidus Software, the Callidus Software logo,
Callidus TrueAnalytics, TrueChannel, TrueComp, TrueComp Datamart,
TrueComp Grid, TrueComp Manager, TrueInformation, TrueIntegration,
TruePerformance, TrueReferral, TrueResolution, TrueService and
TrueSupport are trademarks of Callidus Software Inc. in the United
States and other countries. All other brand, service or product
names are trademarks or registered trademarks of their respective
companies or owners. DATASOURCE: Callidus Software Inc. CONTACT:
press, Jock Breitwieser of Callidus Software Inc., +1-408-975-6683,
or Web site: http://www.harland.net/ Web site:
http://www.harlandfinancialsolutions.com/ Web site:
http://www.callidussoftware.com/
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