Banc of California picks CallidusCloud to optimize incentive compensation management

Callidus Software Inc. (NASDAQ: CALD) said that Banc of California, a top full-service banking organization, has selected CallidusCloud´s Commissions and Litmos mobile learning solutions to optimize the lead to money process. The agreement was signed in the first quarter of 2014.

CallidusCloud´s Commissions enables companies to deploy targeted incentives and commission programs to drive sales execution. It provides businesses with the ability to automate the calculation and payment of commissions across internal and external sales. With extensive modeling and analytics capabilities, the solution provides clear insight into the performance of current plans as well as a highly accurate forecast of future performance. Sales operations and finance enjoy significant time and cost savings while sales teams enjoy faster, more accurate and more transparent commission payments.

CallidusCloud´s Litmos mobile learning provides an easy-to-use mobile solution for learning and training anytime, anywhere. The Litmos platform enables customers to build and manage professional-looking online courses. System users have access to real-time reporting to see precisely when students have completed their training, how long they took, and what scores they achieved. The SCORM-certified hosted training system does not require any resources or support from the IT department and can be launched in just minutes.

Since 1941, Banc of California, Inc. (NASDAQ: BANC) through its banking subsidiary Banc of California, National Association, has provided banking services and home loans to businesses and families in California and the West. Today, Banc of California, Inc. has over USD3.8bn in consolidated assets and more than 80 banking locations. For more information, visit www.bancofcal.com.

Callidus Software, doing business as CallidusCloud, is the provider of sales and marketing effectiveness software. CallidusCloud enables organizations to accelerate and maximize their lead to money process with a complete suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, and streamline sales compensation. For more information, visit www.calliduscloud.com.

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