SAN JOSE, Calif. – May 22, 2012 — Xactly Corporation, the leader in cloud-based incentive compensation and sales performance management (SPM), today announced Xactly Incent has won the 2012 CODiE Award for Best Financial Software Solution. Established by the Software & Information Industry Association (SIIA), the annual CODiE Awards recognizes excellence in the business software, digital content and education technology industries.
“We’re thrilled to be honored by our peers yet again. The award is a testament to Xactly Incent’s ability to not only automate, by also optimize the compensation function, allowing customers to improve operations and bottom line results,” said Chris Newton, Vice President of Marketing, atXactly Corporation. “Incent was the industry’s first cloud-based multi-tenant cloud solution for compensation management and seven years in we continue to deliver the innovations and features our customer needs need to improve performance, reduce risk and meet corporate objectives.”
The CODiE for Best Financial Software Solution was awarded to the best software solution that automates business accounting and money management, including accounts payable/receivable, general ledger, budgeting, resource allocation and reporting.
Xactly Incent, the industry’s first 100-percent multi-tenant cloud solution available for incentive compensation (ICM) and SPM, allows customers to cost-effectively automate the sales compensation management process – from plan design and management through to payment – to create a more motivated and efficient sales organization. For finance personnel, Incent eliminates the costly errors and complexity of managing compensation on spreadsheets, while also providing real-time insight into sales numbers. Built-in audit rules combined with historical record keeping also ensures compliance with federal regulations, and make it easy to find the details for any transaction
“This year’s winners reflect excellence and vision,” noted SIIA Vice President for the Software Division, Rhianna Collier. “I’m proud to congratulate them on the success of their applications, platforms and products.”
An SIIA CODiE Award win for software companies is an especially prestigious honor as each award winner was first reviewed by a field of software industry executives, whose evaluations determined 119 finalists. SIIA members then reviewed these finalists and voted to select 28 CODiE Awards Winners. For more information about the CODiE Awards, visit http://www.siia.net/codies/2012
The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education, and intellectual property protection to more than 500 leading software and information companies. The SIIA Software Division provides a forum for companies developing the applications, services, infrastructure and tools that are driving the software and services industry forward. For further information, visit www.siia.net/software
About the SIIA CODiE™ Awards
The SIIA CODiE™ Awards, originally called the Excellence in Software Awards, were established in 1986 by the Software Publishers Association (SPA), now the Software & Information Industry Association (SIIA), so that pioneers of the then-nascent software industry could evaluate and honor each other’s work. Since then, the CODiE Awards program has carried out the same purpose – to showcase the software and information industry’s finest products and services and to honor excellence in corporate achievement.
About Xactly Corporation
Xactly Corporation is the market leader in on-demand sales compensation and sales performance management. The company’s SPM Suite of products enables sales and finance executives to design, implement, manage, audit and optimize sales compensation management programs easily and affordably. Xactly’s solutions automate the process of aggregating data from disparate systems into a secure, hosted repository and enable companies to leverage this business data, the lifeblood of sales performance management. Xactly helps companies improve operational performance, optimize sales effectiveness, proactively manage risk and compliance and maximize profits. The Xactly family of products is used by sales and finance executives, compensation analysts, sales operations and sales professionals across a variety of industries, ranging from SMBs to large enterprises. For more information, visit / or call 1-866-GO-XACTLY (469-2285).
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