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MEDIA RELEASE PR35257
Convoy Financial Group Selects Varicent for Incentive Compensation and Sales Performance Management
TORONTO, July 2 /PRNewswire-AsiaNet/ --
Leading financial group in Hong Kong automates compensation to
drive productivity and time-to-market
Varicent Software, an innovator and provider of incentive compensation
and sales performance management (SPM) solutions, today announced its
flagship product, Varicent SPM, has been selected by Convoy Financial Group
(Convoy) to manage its sales performance across the organization.
Varicent Software partnered with Beans Factory, a leading provider of
e-business solutions and information integration services in Asia, to
introduce Varicent SPM which will be developed as a core engine of Convoy's
Sales Performance Management in order to cope with the rapid growth of
business in Hong Kong as well as in the Greater China region.
"Varicent SPM was selected based on their ability to provide us the
speed, flexibility and visibility for our sales performance across all of our
business units. By adopting the Varicent platform, we would be able to extend
products and line of business easily so as to cope with our development plan
in Asia," said Eric Ng, Chief Operation Officer, Convoy Financial Group.
"We are excited to add Convoy to our growing list of customers in Asia
and we are delighted that they chose Varicent to be a key contributor to
their overall goal of improving sales effectiveness," said Andrew Armstrong,
VP and General Manager International.
Using Varicent SPM, companies can efficiently and effectively manage and
automate the process of calculating and reporting variable-based pay,
providing more visibility and accountability into one of the organization's
largest variable expenses. "We are very happy to be partnering with both
Convoy and Beans Factory on this important project," says Marc Altshuller,
Executive Vice President, Worldwide Field Operations at Varicent.
About Convoy Financial Group
With the establishment of the subsidiaries including Convoy Financial
Services Limited, Convoy Assent Management Limited, Convoy Collateral Limited
and Convoy Investment Services Limited, The Group provides diversified
services encompassing financial planning services, risk management, asset
allocation, retirement planning, estate planning, and trading services for
securities. Convoy has set the benchmark as the most sizable professional IFA
team in Hong Kong. With objective and competent view, over the years, it has
offered superb quality wealth management services to the people of Hong Kong
by scheming tailor-made financial plans and reaping optimal returns from
their investments.
About Varicent Software Incorporated
Varicent Software Incorporated delivers the most innovative sales
performance management solution addressing the needs of business
professionals across the entire enterprise. High performing companies relying
on Varicent for better visibility and control of their complex variable
compensation programs, automating the assignment of territories, the
collection and approval of quotas, and reporting and analyzing sales
performance include Sun Hung Kai Financial, Waste Management, Linksys by
Cisco, Sherwin Williams, Manpower, Autodesk, Getty Images, Starwood Hotels,
Time Customer Service, and many others.
About Beans Factory
Beans Factory provides cutting-edge enterprise products, solutions and
integration services. With a team of quality and energetic professional
consultants, Beans Factory delivers enterprises applications through
consulting and turnkey projects. Beans Factory position themselves to serve
corporate customers by leveraging best of breed and state-of-the-art open
standards technology. Clientele includes Standard Chartered Bank, Convoy
Financial, Sun Hung Kai Financials, Ping An Insurance and many others.
(c)2009 Varicent Software. All rights reserved. Varicent, Varicent SPM
and are trademarks of Varicent Software Incorporated.
All other trademarks and company names mentioned are the property of
their respective owners.
SOURCE: Varicent Software
CONTACT: Brian Hartlen
Varicent Software
+1-416-987-1241
bhartlen@varicent.com
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