Flowserve Selects Centive Compel to Automate its Sales Compensation Process
Centive Compel to Automate Sales Compensation Management For Worldwide Sales Division
BURLINGTON, Mass., January 30, 2006 - Centive, the leader in on-demand sales compensation management, today announced that Flowserve - the recognized leader in providing industrial flow management products and services - has chosen Centive CompelTM to automate the sales compensation processes for more than 1,100 sales engineers worldwide.
Centive Compel automates all sales compensation in one centralized system that provides the accuracy, real-time visibility into sales performance metrics and IT-independence lacking in home-grown and Excel-based sales compensation systems. In addition, Compel provides a complete audit trail of all changes made to plans and data as well as the security and process controls needed to support Sarbanes-Oxley compliance initiatives. As a hosted, subscription-based service, Compel is affordable, easy to set-up, learn and use; with no software or hardware to purchase and maintain. More importantly, Compel allows executives to be strategic and sales reps to stay focused on selling.
"Being chosen over competitive products confirms we are offering a superior solution that is designed to allow customers like Flowserve to gain better visibility into the sales management processes at varying levels throughout the organization," said Michael Torto, president and CEO of Centive. "And as a subscription service, Compel is available to companies at a fraction of the price charged by traditional software vendors."
The latest release of Centive Compel features integration with Salesforce.com to enable sales representatives and executives to forecast commission earnings based on opportunities within Salesforce.com's CRM system. Companies are provided with full automation of the sales lifecycle - From Prospect to PaycheckTM - and the ability to leverage sales commission as a strategic tool to drive desired sales behavior and results.
About Flowserve
Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.
About Centive
Centive, a privately held company headquartered in Burlington, Mass., is the leader in on-demand sales compensation management. Companies use Centive Compel to accurately calculate commissions and bonuses and gain real-time visibility into sales performance metrics. As an on-demand subscription service, Compel is a cost-effective solution that allows executives to be strategic and sales reps to stay motivated and focused on selling.
To learn more about Centive, please visit www.centive.com or call 1-877-CENTIVE.
