Merced Systems Announces Rapid Adoption of Merced Incentive Compensation Management
Merced Systems Signs on Four North American Enterprise Customers in the First Three MonthsRedwood Shores, CA, March 24, 2009— Merced Systems, the leading Sales and Service Performance Management software provider, today announced that four North American companies, including the largest bank in North America, and a leading wireless telecommunications provider, selected Merced Systems’ Incentive Compensation Management and Sales Performance Management solutions to manage variable pay and drive increased sales productivity.
Merced Incentive Compensation Management enables companies to better manage their sales productivity and customer acquisition efforts by automating the process of commission, bonus, and incentive administration. Merced Incentive Compensation Management offers organizations greater calculation accuracy, reduced costs for managing incentives, improved sales force motivation and retention, and support for the most complex pay-for-performance programs. Following Merced Systems’ 2008 acquisition of the UK’s leading Sales Performance Management vendor, Practique Associates, the company integrated Practique’s world-class Incentive Compensation Management solution with Merced Systems’ other products to offer the only comprehensive Sales and Service Performance Management Solution on the market.
“Merced Incentive Compensation Management represents an advance in functionality and ease of use in the ICM Category,” said Mark Selcow, President of Merced Systems. “We are pleased that within a few months of availability in North America, four leading companies in four different vertical markets have selected Merced Incentive Compensation Management for their business critical incentive projects.”
About Merced
Merced Systems is the leading provider of Sales and Service Performance Management applications focused on improving operational effectiveness of sales forces and service organizations across a range of vertical industries. Merced Systems' award winning products serve Global 2000 customers, and include advanced analytics and reporting, incentive compensation management, coaching and other performance execution applications. With a strong track record of growth and delivering business impact to its customers, Merced Systems has been profitable for the past 6 years. Merced Systems is a privately held venture capital-based company headquartered in Redwood City, CA, with major operations in the UK. For more information on Merced Systems, please visit www.mercedsystems.com.
