Allergan Turns Again to Synygy for Incentive Compensation Management.Business Editors/Hi-Tech Writers BALA CYNWYD, Pa.--(BUSINESS WIRE)--July 11, 2000 Incentive Compensation Emerging as a Significant Business Tool, Motivating Employees to Move Quickly and Effectively in Executing Business Strategy Synygy, Inc., The Incentive Compensation Company(TM), today announced that Allergan, Inc., (NYSE NYSE See: New York Stock Exchange : AGN AGN Again (Amateur Radio) AGN Active Galactic Nucleus AGN Acute Glomerulonephritis AGN Accountants Global Network AGN Air Gabon (ICAO code) ) selected Synygy's IC Expert 7.0 software, together with Synygy's incentive compensation plan management and sales analysis services, in a three-year renewal of a worldwide agreement. Allergan, a $1.4 billion global eye care and specialty pharmaceutical company, is one of over thirty companies that now rely on Synygy and its IC Expert 7.0 solution for implementing and managing their incentive compensation plans, confirming Synygy's leadership in this fast-growing and increasingly important market. Companies like Allergan are discovering that incentive compensation can be a strategic tool for increasing their competitive advantage. "It was clear to us that having a well-managed incentive compensation plan is a critical factor in introducing new products and building our share of the market," said Nancy Oaks, Director of Sales Operations, Allergan. "Synygy has a proven track record in helping companies implement and manage complex incentive compensation plans. With Synygy, we can ensure that our plan is delivering the results we expect." Under the agreement, Synygy will implement and manage the incentive compensation plans for hundreds of Allergan's sales representatives worldwide. Synygy will also provide sales analysis services that will enable Allergan sales representatives to identify potential market opportunities. Ophthalmologists ranked Allergan as the No. 1 sales force, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. analysts Scott-Levin's annual physician rankings of pharmaceutical industry sales forces. Allergan has also been recognized numerous times for its innovative use of information technologies, gaining a nomination to the most recent Computerworld Smithsonian awards and winning in the category of Innovation in Supply Chain Management in the Financial Times Pharmaceuticals' 1999 Global Pharmaceutical Industry Awards. "We are pleased that Allergan is one of our rapidly growing roster of Synygy clients that repeatedly renew their contracts," said Mark A. Stiffler, Synygy president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Incentive compensation has evolved from an administrative function of the finance or sales operations department Operations department See: Back office. operations department See back office. into a strategic corporate tool. Companies like Allergan recognize they can leverage our services and software to gain a competitive advantage." About Allergan Allergan, Inc., headquartered in Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). , is a technology-driven, global health care company providing eye care and specialty pharmaceutical products worldwide. Allergan develops and commercializes products in the eye care pharmaceutical, ophthalmic surgical device, over-the-counter contact lens contact lens, thin plastic lens worn between the eye and eyelid that may be used instead of eyeglasses. Actors, models, and others wear them for appearance, and athletes use them for safety and convenience. care, movement disorder List of Movement disorders
pertaining to dermatology; of or affecting the skin. markets that deliver value to its customers, satisfy unmet medical needs and improve patients' lives. About Synygy Synygy Inc. (www.synygy.com), The Incentive Compensation Company(TM), is the largest provider of incentive compensation software and services. Synygy's IC Expert 7.0 software has been used to implement and manage more incentive compensation plans for more plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. for more of the world's largest corporations than any other solution. Synygy created the incentive compensation management industry in 1991 and has helped its customers turn their incentive compensation plans into a source of strategic advantage. Based in Bala Cynwyd, Pennsylvania Bala Cynwyd is a village in Lower Merion Township which is located in the Main Line in southeastern Pennsylvania, bordering the western edge of Philadelphia. It was originally two separate towns, Bala and Cynwyd, but is commonly treated as a single community. , Synygy's success and rapid growth have been recognized on the Inc. 500 for the past three years and on the Philadelphia Business Journal's Philly 100 for the past five years. |
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