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Centra Solutions Address Sales Knowledge Management Issues Outlined by Industry Study.


LEXINGTON, Mass. -- Enables Best Practices Approach to Sales and Marketing Issues Highlighted by CSO (Chief Security Officer) The person in charge of all staff members who are responsible for promulgating, enforcing and administering security policies for all systems within an enterprise or division.  Insights Study of $100-Million Firms

Centra (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CTRA CTRA Canadian Therapeutic Recreation Association
CTRA College Terrace Residents' Association
CTRA Canadian Telecommunications Resellers Alliance
CTRA Committee To Restore America
), a leading provider of specialized application software and services for online business collaboration, today outlined how organizations can address the sales knowledge management challenges published in a recent study conducted by CSO Insights, a research firm that specializes in benchmarking sales and marketing excellence. The study, based on input from more than 100 firms with $100 million or more in revenues, found that firms that excelled at Sales Knowledge Management achieved a 25.1 percent increase in the number of their sales reps meeting or exceeding quota than other firms. By utilizing Centra for Sales Effectiveness and the Centra Knowledge Center (CKC CKC Canadian Kennel Club
CKC Chiang Kai-Shek (former leader of the Republic of China)
CKC California Kiwifruit Commission
CKC Cool Kids Club
CKC Cairo Kidney Center
CKC Cold Knife Cone (biopsy) 
), organizations will be able to address many of the key issues outlined in the study.

"It is clear from talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to"
lecture, speech

rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to
 many of the study participants that we need to utilize more innovative methods for getting knowledge and insights on how to effectively sell into the hands of sales people in a much more timely and dynamic fashion if they are going to remain competitive. One of the key trends the study surfaced was a significant increase in the number of sales organizations that are successfully leveraging Web-based collaboration and meeting technology to support sales training, sales strategy sessions and customer meetings," noted Jim Dickie, CSO Insights Partner and co-author of the report.

Key sales issues facing companies revealed in the study include:

--The number one sales knowledge management challenge companies face is developing a continuously evolving process that adapts as the sales environment changes.

--More than 60 percent of participants said that they lacked the appropriate tools and processes in place to keep pace with changes in each customer's marketplace.

--More than 65 percent of participants felt that they lacked the appropriate Sales Knowledge Management (SKM SKM Sinclair Knight Merz Pty Ltd.
SKM Szybka Kolej Miejska (Warsaw, Poland railway)
SKM Singapore Kindness Movement
SKM Sigaret Kretek Mesin (Indonesian: Machine-Rolled Cigarettes) 
) processes to keep pace with changes in their competitive landscape.

--More than 90 percent of companies surveyed lacked a formal, enterprise-wide best practices sharing program in place.

Plan, Execute, Evaluate - Three Steps to Successful Online Business Initiatives

Centra has leveraged its experience by compiling best practices from its customers and integrating business workflows with a complete technology platform that delivers end-to-end online management solutions and addresses the three key phases of any online business initiative: planning, execution and evaluation. Centra solutions allow organizations to effectively transfer knowledge throughout an organization's extended supply chain by facilitating online collaboration that delivers increased business value and ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). .

--Centra for Sales Effectiveness - Created for the VP of Sales or Sales Operations, this solution is designed to assist sales forces and channel partners to win more opportunities through greater productivity and marketing intelligence. This solution provides a unique competitive advantage by marshalling corporate knowledge, best practices and resources along every step of the sales cycle. This solution enables organizations to accelerate field readiness when launching new products or responding to competitive actions, deliver product and sales methodology training, assess and track sales rep product knowledge and competency, conduct online sales presentations and meetings, provide individualized in·di·vid·u·al·ize  
tr.v. in·di·vid·u·al·ized, in·di·vid·u·al·iz·ing, in·di·vid·u·al·iz·es
1. To give individuality to.

2. To consider or treat individually; particularize.

3.
 coaching sessions, launch products, gain channel mind share and establish continuity by creating a channel knowledge center and measuring channel partner effectiveness.

--An Integrated Learning Content Management System - A key element of Centra's solutions is the Centra Knowledge Center, a highly customizable learning content management system. The knowledge center offers 24x7 access to a searchable database Refers to databases on the Web that are searchable by typing in a query. The term is quite redundant because all databases are searchable. In fact, that is one of their major features.  of customized and third-party content, including initiative and project requirements and plans, tutorials, recorded training sessions and best practice FAQs to enable users to quickly search, store, manage and deliver information in a readily accessible, centralized location that can integrate with any SCORM SCORM Shareable Content Object Reference Model (web-based e-learning standard)
SCORM Shared Courseware Object Reference Model
SCORM Shareable Courseware Object Reference Model
 or AICC AICC anti-inhibitor coagulant complex.  compliant library.

With Centra for Sales Effectiveness and CKC, organizations can deploy enterprise-wide solutions that provide up-to-date, on-demand information as it relates to changing sales environments, a customer's marketplace and competitive landscape and organizational best practices.

"The sales knowledge management issues outlined by the CSO study are real and universal," said James L. Freeze, senior vice president and chief marketing officer for Centra. "We are designing our Sales Effectiveness solutions to reflect these challenges by gaining input from hundreds of forward-thinking companies who use Centra to address the productivity of their sales teams."

Centra's portfolio of collaboration solutions enables groups of people to work faster, smarter and more efficiently by allowing dispersed workers to communicate and collaborate in real time using fully integrated voice-over-IP technology (VoIP). In addition, Centra's solutions can be installed as a behind-the-firewall packaged application or accessed through Centra's secure ASP network.

Centra's unique leadership approach was recently recognized by leading analyst firm Gartner Group (company) Gartner Group - One of the biggest IT industry research firms.

Address: Connecticut, USA.
 within the report titled "Magic Quadrant The Gartner Magic Quadrant is a proprietary research tool developed by Gartner Inc., a US based research and advisory firm. It is designed to provide an unbiased qualitative analysis of a “markets’ direction, maturity, and participants.  for Web Conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. ," which evaluated Web conferencing vendors on their vision and their ability to execute on that vision.

About Centra

Online business collaboration solutions from Centra create workforce efficiencies and enable organizations to share and exchange business-critical information with geographically distributed customers, partners, prospects and employees. Centra's solutions integrate real-time collaboration and departmental business processes with specialized applications that increase sales effectiveness, improve collaborative learning Collaborative learning is an umbrella term for a variety of approaches in education that involve joint intellectual effort by students or students and teachers. Collaborative learning refers to methodologies and environments in which learners engage in a common task in which each  and accelerate enterprise application rollouts and customer acquisition initiatives. Currently available in 12 languages, Centra solutions can be deployed as on-site software or through its ASP service and are supported by an active ecosystem of value-added partners, including Siebel, PeopleSoft, SAP and Deloitte Consulting. Organizations across every major industry and market sector choose Centra, including Wyndham International, Weyerhaeuser, Underwriters Laboratories Underwriters Laboratories Inc. is a U.S. not-for-profit, privately owned and operated product safety testing and certification organization. Based in Northbrook, Illinois, UL develops standards and test procedures for products, materials, components, assemblies, tools and , BMW BMW
 in full Bayerische Motoren Werke AG

German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s.
 and Stanford University. Headquartered in Lexington, Massachusetts, Centra serves a worldwide customer base throughout the Americas, Europe, Asia and Australia. For more information, visit www.centra.com.

Centra is a registered trademark of Centra Software, Inc. All other trademarks referenced herein are the property of their respective owners.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 9, 2004
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