Synygy Positioned as the Only Visionary In Leading Analyst's Report on Sales Incentive Compensation Management.Business Editors/High-Tech Writers CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Feb. 11, 2003 New Synygy Sales Performance Management Software, Linked With Synygy Enterprise Incentive Management Software, Puts Synygy On the Next Wave for Sales Technology Synygy Inc., the largest and most successful provider of Enterprise Incentive Management (EIM EIM Enterprise Incentive Management EIM Enterprise Information Management EIM Enterprise Identity Mapping (IBM) EIM Enterprise Instant Messaging EIM Employee Internet Management EIM European Institute for the Media ) software, moved into the visionary quadrant quadrant, in analytic geometry quadrant. 1 In analytic geometry, one of the four regions of the plane determined by two lines, the x-axis and the y-axis. in a new Gartner Inc. research note, "Sales ICM ICM Intercom ICM Integrated Crop Management ICM International Congress of Mathematicians ICM Information Classification and Management ICM Intelligent Contact Management (Cisco) ICM International Creative Management Magic Quadrant--1H03," written by Joe Galvin and published February 10, 2003. Gartner evaluated the "functional capabilities, production client base, financial viability, technical architecture and strategic vision for product enhancement" when placing vendors in the Sales Incentive Noun 1. sales incentive - remuneration offered to a salesperson for exceeding some predetermined sales goal bonus, incentive - an additional payment (or other remuneration) to employees as a means of increasing output Compensation Management (ICM) 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. . "We are pleased at our advancement as the only company in Gartner's visionary quadrant, which reflects our expanding performance management product line and the value our clients gain from our integrated incentive compensation and performance management solutions," said Mark A. Stiffler, 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. of Synygy. "Over 70 percent of companies use quotas to set goals for their sales forces, yet most of these companies use cumbersome and untrustworthy spreadsheet-based programs to set corporate and individual sales quotas. Synygy clients are leveraging the power of the Internet to make the process of setting corporate sales goals and individual quotas easier, fairer, and faster." "The sales incentive compensation management market is positioned for rapid growth through 2005," wrote Galvin in the research note. Significant investments by enterprise application vendors have improved their functionality, while best-of-breed vendors re-architected their applications to address the performance and scalability demands of large users. Best-of-breed vendors are functionality superior and the application of choice for those enterprises seeking to address incentive compensation management challenges. However, profitability is elusive for best-of-breed vendors, increasing viability concerns for potential users." Synygy just reported its eleventh consecutive year of profitable revenue growth, and it remains the only profitable company in the Enterprise Incentive Management market. About Synygy EIM and Synygy SPM SPM - Sequential Parlog Machine Solutions Built on the Java 2 Enterprise Edition (J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. ) platform, Synygy's Sales Performance Management(TM) (SPM) solution is a set of integrated software Separate software components or applications that have been combined into one package. See integrated software package. and services for managing territory alignments, setting and adjusting quotas, linking quota achievement and other performance measures to pay, and providing real-time sales and performance information to all levels within a sales organization. With a tight integration between Synygy SPM and Synygy EIM, quota attainment and other measures of performance are then easily linked to the calculation of earnings and payments. This linkage allows companies to centrally administer the entire quota setting and incentive compensation management process, increasing efficiencies and maximizing performance. About Synygy Synygy Inc. is the largest and most successful provider of Enterprise Incentive Management software and services. Synygy's solutions, which include Enterprise Incentive Management (EIM), Sales Performance Management (SPM), and Enterprise Performance Management (EPM EPM equine protozoal myeloencephalitis. ), align the behaviors of salespeople sales·peo·ple pl.n. Persons who are employed to sell merchandise in a store or in a designated territory. , employees, executives, partners, brokers, suppliers, and customers by helping companies define performance, reward success, and deliver results. Synygy EIM software recently won Open Systems Advisors' prestigious Crossroads 2002 A-List Award, the only industry award based on interviews with customers who are actually deploying mission-critical business solutions. Based in suburban Philadelphia, Synygy's success and sustained growth were recently recognized when Synygy was named to the Inc. 500 Hall of Fame, reflecting Synygy's fifth consecutive inclusion on the Inc. 500. For more information on Synygy, visit www.synygy.com. About the Magic Quadrant 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. Gartner, Visionaries have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimizing service delivery. The Magic Quadrant is copyrighted February, 2003 by Gartner Inc., Inc. and is reused with permission. Gartner Inc.'s permission to print or reference its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted de·pict tr.v. de·pict·ed, de·pict·ing, de·picts 1. To represent in a picture or sculpture. 2. To represent in words; describe. See Synonyms at represent. in the quadrant. The Magic Quadrant is Gartner Inc.'s opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner Inc.-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay in·ter·play n. Reciprocal action and reaction; interaction. intr.v. in·ter·played, in·ter·play·ing, in·ter·plays To act or react on each other; interact. of many factors. Gartner Inc. does not advise enterprises to select only those firms in the Leaders segment. In some situations, firms in the Visionary, Challenger, or Niche Player segments may be the right match for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner, Inc. research is intended to be one of many information sources including other published information and direct analyst interaction. Gartner Inc. expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose. Synygy is a registered trademark and Synygy Enterprise Incentive Management, Synygy EIM, Synygy Enterprise Performance Management, Synygy EPM, Synygy Sales Performance Management, Synygy SPM, and "Performance Defined. Results Delivered." are trademarks of Synygy, Inc. All other trademarks are trademarks or registered trademarks of their respective owners. |
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