TORONTO, July 14, 2010 /PRNewswire/ -- Varicent Software Incorporated, the leading innovator in incentive compensation (ICM) and sales performance management (SPM) solutions, announced today that a business unit within Varian Medical Systems, the world's leading manufacturer of medical devices and software for treating cancer and other medical conditions, has selected Varicent for administering its complex sales incentive compensation plans and sales performance management activities. Varian will initiate a staged roll out to the U.S. sales force for its Oncology Systems business. Varicent will be used for improved modeling, forecasting and sales analytics.
We selected Varicent because the product is very flexible and meets our complex calculation and administration needs, said Jeffrey Marcus, Varian's vice president for worldwide sales. The Varicent Team was professional, they met our proof of concept requirements, and they offered us a complete solution that integrates modeling, forecasting and analytics. We feel confident that this product will help us to streamline our payouts, lower our costs and speed up our process.
Varian had been using an Excel based solution for incentive compensation and sales performance management, but it was limited in its capabilities. Varian needed greater sophistication, flexibility and speed to enhance reporting, provide analytics, and reduce error - all in a consolidated and efficient manner. Varicent provided an on-premise solution that met these needs.
Key benefits of Varicent include: - Flexibility to meet Varian's complex calculation and administration needs - Decreasing the time and support required for payments - Providing sophisticated forecasting capabilities - A single, on-site solution that includes modeling, forecasting and analytics
We are pleased that Varian has chosen Varicent for their Sales Performance Management needs, said Marc Altshuller, Executive Vice President, Worldwide Field Operations for Varicent. Varian's adoption of our software further extends our penetration into the medical device industry which is a growing market for Varicent, and we look forward to working with their team as they continue to drive improvements in their compensation management processes.
About Varian Medical Systems
Varian Medical Systems is the world's leading manufacturer of medical devices and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies informatics software for managing comprehensive cancer clinics, radiotherapy centers, and medical oncology practices. Varian is a premier supplier of tubes and digital detectors for X-ray imaging in medical, scientific, and industrial applications and also supplies X-ray imaging products for cargo screening and industrial inspection. For more information, visit http://www.varian.com.
About Varicent Software Incorporated
Varicent Software Incorporated is an innovative software solutions provider delivering measurable improvements to its clients businesses through its industry-leading sales performance management solution Varicent SPM. Varicent's customers are high-performing companies representing a variety of industries and include Waste Management, Convoy Financial Group, Sherwin-Williams, Manpower, Getty Images, Starwood Hotels, Sun Hung Kai Financial, and many others. For more information, please visit http://www.varicent.com.
(c)2010 Varicent Software Incorporated. All rights reserved. Varicent and Varicent SPM are trademarks of Varicent Software Incorporated. All other trademarks and company names mentioned are the property of their respective owners.
SOURCE: Varicent Software Incorporated
CONTACT: Brian Hartlen of Varicent Software, +1-416-987-1241,email@example.com