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CallidusCloud Expands Product Suite With Integrated Contract Lifecycle Management Solution

CallidusCloud Kicks Off Annual C3 Customer Conference With New Product Launch and Record-Breaking Attendees

LAS VEGAS, NV and PLEASANTON, CA -- (Marketwired) -- 05/13/14 -- Callidus Software Inc. (NASDAQ: CALD), a leading provider of sales and marketing effectiveness software, announced today the launch of its Contract Lifecycle Management (CLM) solution, integrated into CallidusCloud's Lead to Money Cloud.

The entire lifecycle of a contract from creation to archival takes place in the CallidusCloud CLM solution. CLM simplifies the creation, negotiation and storage of contracts to facilitate deals faster. CLM also manages key milestone dates, renewal alerts and compliance documents to grow revenue and protect businesses' bottom-line.

"The contract phase of any deal is critical. Companies that fail to equip their field with modern tools to manage the creation, negotiation and signature of contracts are leaving money on the table," said Leslie Stretch, president and chief executive officer, CallidusCloud. "Integrated CLM and Configure Price Quote crushes the last mile of the sales cycle and makes the difference between winning or losing the deal."

Contracts terms, such as renewal and milestone dates, sales history and legal information, are often trapped in scans of contracts. By automating the management of contracts, this valuable information can be harnessed to shorten time to revenue and reduce leakage and reduce risk. Integrated CLM and Configure Price Quote ensures that all proposals and contracts inherit the right pricing and discounting rules to avoid unnecessary delays and lost revenue. Integration to electronic signature solutions such as, DocuSign, allow the deal to be closed in the cloud anywhere and on any device.

Key Product Features

  • The entire lifecycle of a contract from creation to archival takes place in the CLM solution.
  • Configured easily by any approved administrator and does not require IT assistance or coding language expertise.
  • Archives contracts to provide a single repository for all contracts.
  • Simple text search allows users to search the archive by contract terms, product, or any other pertinent information, which provides valuable insight to contract analytics.
  • Integration with Configure Price Quote ensures all pricing and discounting rules are preserved.
  • Electronic signature keeps the transaction digital for a faster close.

For more information visit, www.calliduscloud.com.

About CallidusCloud

Callidus Software Inc. (NASDAQ: CALD), doing business as CallidusCloud®, is the leading provider of sales and marketing effectiveness software. CallidusCloud enables organizations to accelerate and maximize their lead to money process with their complete suite of solutions that identify the right leads, ensure proper territory and quota distribution, enable sales forces, automate configure price quote, and streamline sales compensation -- driving bigger deals, faster. Over 2500 leading organizations, across all industries, rely on CallidusCloud to optimize the lead to money process to close more deals for more money in record time. For more information, please visit www.calliduscloud.com.

©2014. Callidus Software Inc. All rights reserved. Callidus, Callidus Software, the Callidus Software logo, CallidusCloud, the CallidusCloud logo, TrueComp Manager, ActekSoft, ACom3, iCentera, Webcom, Litmos, the Litmos logo, LeadFormix, Rapid Intake, 6FigureJobs and LeadRocket are trademarks, service marks, or registered trademarks of Callidus Software Inc.

Press Contact:
Linda Vejnoska
LEWIS PR for CallidusCloud
415-432-2400
calliduscloud@lewispr.com

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