London, UK and San Jose, Calif. — August 9, 2016 –– Xactly (NYSE: XTLY), a leading provider of cloud-based incentive solutions, announced that global recruitment firm SThree, one of the largest IT recruiters in Europe, has automated its sales compensation initiatives in the cloud with Xactly IncentTM software. Today, SThree has a flexible solution to manage its sophisticated compensation structure that reduces risk while also improving visibility and motivation across the company’s fast-growing global team.
The race for talent has never been more crucial than it is today, and recruiters must move quickly to find and onboard new talent for their clients. With Xactly, SThree’s team is able to easily track commissions anytime, from any mobile device. This new level of transparency is driving increased trust in the numbers and motivation across the SThree team. In addition, the team will be able to use “what-if” estimation tools to model the value of various deal structures, allowing them to maximize their payout potential while also helping the organization reach its goals.
“Xactly strategically fits our move to cloud in replacing a legacy homegrown set of systems with a state-of-the-art cloud based and mobile offering,” said Lance Fisher, CIO of SThree.
By retiring a complex homegrown compensation system and basic spreadsheets, SThree was able to gain an intelligent system of record for all of its compensation programs. This provides the company better accuracy and control, while also reducing risk and delivering a clear audit trail. Xactly also enables SThree to run robust reports across its historical and current data sets to look at trends and the true reward cost of each deal. Moreover, with Xactly Modeling, the company can model the impact of future compensation plan changes to better understand their potential impact and anticipated results.
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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.
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