Centive Compel® Exceeds 10,000 Subscribers
Hits record sales in November
Centive, the leader in on-demand strategic sales compensation management, recently announced that the number of subscribers to its flagship product, Compel®, has surpassed the 10,000 mark. As a true indicator of leadership status, Compel has been selected and deployed by more CFOs and VPs of Sales than any other on-demand sales compensation management system.
In addition to surpassing the 10,000 subscriber mark, Centive is also tracking up in terms of the average number of subscribers per Compel customer. Over the past 11 months, that number has increased by 26% to an average of over 200 subscribers per customer. Compel is now deployed at companies ranging from those with as few as 20 sales representatives to those with over 1,000. In the month of November alone, Centive closed a record volume of business, adding over 1,500 new subscribers.
Compel is an affordable, on-demand sales compensation management solution that automates the entire sales compensation process in one secure, centralized system. Compel goes beyond simply calculating accurate sales commission and bonus payments; it also provides strategic value by enabling customers to model and forecast commission expense, optimize plan effectiveness, and drive sales performance and top-line revenue growth.
"Clearly, the market for on-demand sales compensation management is heating up," said Jeff Kaplan, Managing Director for THINKstrategies. "Centive's success is indicative of the growing interest in on-demand solutions. More organizations are viewing SaaS as a viable alternative to traditional legacy applications that can also produce greater business benefits. SaaS solutions continue to make significant inroads with organizations that recognize the higher value and lower risk associated with the pay-as-you-go model."
Today, more sales representatives subscribe to Centive Compel than any other on-demand, SaaS-based sales compensation management solution. By any measure, be it product functionality, product maturity, number of customers, average customer size, or awards, Centive continues to be the undisputed leader in the on-demand sales compensation space.
To learn more about Compel, follow the links below.
