San Mateo 5/13/2013 12:34:47 PM
Sales Compensation Management Provider CellarStone, Acquires Business Intelligence Analytics Provider webKPI®
CellarStone, Inc, a leading provider of cloud based sales compensation management solutions, has announced that it has entered into an agreement to acquire webKPI, LLC. The webKPI suite of cloud based SaaS solutions that include Business Intelligence Dashboards, Benchmarking & Valuation and Peer Benchmarking Services, will be added to CellarStone’s solution suite that includes Easy-Commission, QCommission and QXchange, to empower companies to manage their products and services process from inception through sales commission payment.
Together, CellarStone and webKPI will deliver a comprehensive cloud offering for organizations to manage their sales compensation needs, while also providing greater business performance focus on factors driving Key Performance Indicators in areas such as clients, products, services, sales reps and related costs. The combined solution offering will empower managers to effectively drive sales incentive compensation management by providing sales reps and accounting with solutions to ensure the accurate and timely calculation of commissions. In addition, the webKPI platform will provide business owners and managers a powerful business intelligence capability to drill down into sales data by client, product, sales rep and region.
“Sales compensation management has become a strategic initiative for many organizations trying to relieve the pressures of tracking commissions with tools such as Excel,” said Gopi Mattel, President and CEO of Cellarstone Inc. “webKPI’s award winning knowledge in applying Key Performance Indicators to business intelligence dashboards is an important addition to the CellarStone SaaS sales commission solution suite.”
“CellarStone has done a tremendous job developing seamless connectors using the CellarStone QXchange technology to extract data from a variety of accounting and business operations solutions to support their robust commission calculation platform. It was critical for the growth of webKPI to secure more information highway on-ramps and pull more data from a variety of business system into the webKPI business intelligence platform. In addition, the opportunity to address unique pain points in the business community made the opportunity to partner extremely exciting. CellarStone’s integrated cloud-based commission management solutions optimize how organizations develop and reward their most critical asset – their people. webKPI provides the business intelligence dashboards to help companies navigate their most critical KPIs,” said Steve Peterson, President and Co-Founder of webKPI. “Joining forces with CellarStone and an extremely talented team gives us the opportunity to better serve, expand and grow our customer base.”
About CellarStone: CellarStone, Inc. is one of the premier companies offering products and services in the Sales Compensation arena. CellarStone works with IT, Finance, Human Resources and Sales to manage and implement variable pay and sales commission systems. CellarStone’s QCommission has been successfully implemented for companies in many industries including, Retail, Banking, Staffing, Manufacturing, Consulting, Investment Management, Insurance, Medicare and many others.