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Corporate Wide Incentive Solution From CompanyDNA Rolls Out at NexInnovations.


Business Editors

TORONTO--(BUSINESS WIRE)--July 18, 2002

CompanyDNA, a leading innovator of incentive solutions today announced that NexInnovations Inc., Canada's largest independent technology services provider, is rolling-out a corporate wide incentive solution powered by CompanyDNA. The solution from CompanyDNA is designed to help NexInnovations promote their corporate objectives to achieve long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 business goals, encourage employee motivation, and forge forge

Open furnace for heating metal ore and metal for working and forming, or a workshop containing forge hearths and related equipment. From earliest times, smiths (see smithing) heated iron in forges and formed it by hammering on an anvil.
 a strong corporate culture.

CompanyDNA's solution, which replaces an existing employee recognition process, is a technology-enabled service that automates NexInnovations' peer-to-peer and manager-to-employee recognition programs, enabling NexInnovations to streamline their efforts, save administrative time, reduce human resource costs and increase employee productivity.

With over 1,400 employees across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. , NexInnovations found that CompanyDNA's automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 incentive solutions provided them with several key benefits: - CompanyDNA's solution is scalable to meet the needs of the

company's different departments - corporate, sales, information

technology, and distribution. - It is attractive for both managers as well as employees leading to

greater participation and a more meaningful understanding of how

effective various programs are. - Includes flexible reporting based on the way the company is

organized.

"We want to reward employees for efforts over and above their immediate responsibilities and to promote best practices, but we also needed to enhance our existing system and its robustness," said Frank Price, Vice President, Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , NexInnovations Inc. "CompanyDNA's solution gives us the flexibility to implement, manage and track any number of programs we put into practice. With this solution, we can now effectively measure our results across the board quickly."

Another key differentiator for NexInnovations was CompanyDNA's online incentive portal. Under the previous system, employees had to select reward items from printed catalogs, and at times items were out-of-stock or unavailable. CompanyDNA's incentive portal, an up-to-date online catalog Similar to an online library or databases in the information storage respect, ‘’’online catalogs’’’ allow potential customers to browse a company’s items for sale from a different location using the internet.  with millions of items from name brand merchants, ensures that all listed items are available.

In the first week after launching the CompanyDNA solution, already half of NexInnovations' employees were registered in the program with managers and employees eager to begin recognizing each other's efforts to deliver key business initiatives and best practices.

"Incentive programs are becoming more important in retaining channel, customer and employee focus on results and relationships," said Janice P. Anderson Anderson, river, Canada
Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic
, CompanyDNA's 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. . "Companies need their employees to stay focused on their key objectives and effectively reward them. Our solution enables organizations to provide timely and appropriate recognition to their employees who are delivering results, satisfying customers and achieving a better work environment."

About NexInnovations Inc.

As a founding player in the Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma.  Information Technology industry, NexInnovations delivers leading technology infrastructure consulting, product deployment and support expertise to organizations across Canada. Business and government, both local and national, rely on NexInnovations to help them meet their particular information technology challenges as they adapt to the digital economy. NexInnovations employs one of Canada's most collectively experienced IT teams with over 1,400 employees in 35 locations coast-to-coast. With revenues of $700 million in its last fiscal year, NexInnovations ranks as Canada's largest independent technology services provider. For more information about NexInnovations, please visit www.nexinnovations.com.

About CompanyDNA

CompanyDNA is a leading innovator of incentive solutions for improving sales performance and strengthening channel loyalty. Whether a company is looking to achieve short-term Short-term

Any investments with a maturity of one year or less.


short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time.
 successes or to attain long-term objectives, CompanyDNA takes the time to understand their business, their challenges and their strategic intent. AT&T, Avaya, DocuCom, Fort Dodge Fort Dodge, city (1990 pop. 25,894), seat of Webster co., central Iowa, on the Des Moines River; settled c.1846; inc. 1869. Fort Clarke was built on the site in 1850 and renamed Fort Dodge the following year.  Animal Health, Nokia and Tech Data are among the many organizations across various industries that have benefited from CompanyDNA's extensive experience, comprehensive execution and results oriented o·ri·ent  
n.
1. Orient The countries of Asia, especially of eastern Asia.

2.
a. The luster characteristic of a pearl of high quality.

b. A pearl having exceptional luster.

3.
 approach. For more information about incentive programs from CompanyDNA, visit us at www.companydna.com or call at 1-888-354-7301.

(c) 2002 - CompanyDNA Inc. All company and/or product names are

trademarks and/or registered trademarks of their respective

owners.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 18, 2002
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