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CallidusCloud Announces New Revenue Management Product to Be Integrated With Contract Lifecycle Management Solution

LAS VEGAS, NV and PLEASANTON, CA -- (Marketwired) -- 05/14/14 -- Callidus Software Inc. (NASDAQ: CALD), a leading provider of sales and marketing effectiveness software, announced today the addition of a new revenue management solution.

Revenue management will allow companies to be more agile and keep up with the pace of change. Having insight into every lead, quote and contract, allows companies to make timely and accurate price optimization decisions and speeds revenue recognition. The integrated solution helps companies speed up internal processes, including contracts, billing and ordering. With revenue management built into the Lead to Money Cloud, organizations will be able to gain more insight into their sales and contract renewals to sell more.

"Revenue management is a challenge for many organizations with many struggling to accurately understand the critical business drivers affecting revenues," said Jimmy Duan, senior vice president and chief technology officer. "Our integrated solution will help our customers to capitalize on valuable quote and contract data and use that to streamline the order management process, optimize renewals and uncover price optimization opportunities."

Key Module Features

  • The revenue management product will allow companies to manage price, margin, and revenue recognition.
  • Analyze by vertical segmentation, channel, or product.
  • Resulting data enables companies to quickly respond to market needs by providing pricing guidance for sales, revenue accuracy and forecasting.
  • Wraps entire process in a single end-to-end business flow with integrated solution hooks into an organization's CRM and ERP software and shares the data within those systems.

CallidusCloud's Lead to Money Cloud tracks customer data from lead, to quote, to contract, all the way to payout. The addition of the revenue management module will increase accuracy, productivity and overall efficiency for CallidusCloud customers.

Blog: www.calliduscloud.com/salespulse
LinkedIn: www.linkedin.com/company/calliduscloud
Facebook: www.facebook.com/callidussoftware
Twitter: @calliduscloud, @calliduscloudIR
Web: 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.

Note on Forward-Looking Statements

The forward-looking statements included in this press release, including for example the features, functionalities, and benefits of CallidusCloud's revenue management solution, reflect management's best judgment based on factors currently known and involve risks and uncertainties. These risks and uncertainties include, but are not limited to, potential disruption of customer purchase decisions resulting from global economic conditions, timing and size of orders, relative growth of our recurring revenue, potential decreases in customer spending, uncertainty regarding purchasing trends in the cloud software market, customer cancellations or non-renewal of maintenance contracts or on-demand services, our potential inability to manage effectively any growth we experience, our ability to develop new products and services, increased competition or new entrants in the marketplace, potential impact of acquisitions and investments, changes in staffing levels, and other risks detailed in periodic reports we file with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K which may be obtained by contacting CallidusCloud's Investor Relations department at 415-445-3238, or from the Investor Relations section of CallidusCloud's website (http://www.calliduscloud.com/about-us/investor-relations/). Actual results may differ materially from those presently reported. We assume no obligation to update the information contained in this release.

©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
[email protected]

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