Parchment Chooses Xactly to Transform Comp Process into Strategic Powerhouse

Digital Credentials Platform Selects Xactly to Enhance Reporting and Visibility for Finance
Jun 26, 2016
1 min read

San Jose, CA —July 26, 2016–– Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions, today announced that Parchment, the most widely adopted digital credentials management platform has selected Xactly to transform its sales comp process into a strategic powerhouse by eliminating inefficiencies and supercharging its reporting and visibility.

Prior to selecting Xactly, Parchment’s incentive compensation process was too complex to scale with the rapid growth of the company, and was unnecessarily manual and burdensome on staff. Leaders knew that automating the process was the swiftest way to meet both their strategic and tactical goals around sales comp.

“In addition to the strategic value of Xactly, we are confident that the increased visibility of all pertinent sales data will reinforce the relationship between our Sales and Finance teams,” said Matt Smith, Director, Member Development Operations.

Parchment looks forward to being able to utilize Xactly’s reporting functionalities to become more strategic in the way they design and pay incentive compensation.

“With complete visibility for sales, finance, and operations the company will be able to further motivate and engage staff while increasing financial accuracy and ROI of incentive compensation,” added Smith.

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About Xactly

Xactly is a leading provider of enterprise-class, cloud-based, incentive compensation solutions for employee and sales performance management. We address a critical business need: To incentivize employees and align their behaviors with company goals. Our products allow organizations to make more strategic decisions, increase employee performance, improve margins, and mitigate risk. Our core values are key to our success, and each day we’re committed to upholding them by delivering the best we can to our customers.

©2016 Xactly Corporation. All rights reserved. Xactly, the Xactly logo, and “Inspire Performance” are registered trademarks or trademarks of Xactly Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.


Kristin Reeves

Blanc & Otus Public Relations

Tel: 415-856-5145


Parchment Inc.

Tami Nealy

Director of Communications

Tel: 480-719-1646 ext. 1014