Synygy Continues Growth Streak in Second Quarter
2008-08-06 15:38:00
Synygy Continues Growth Streak in Second Quarter
Expanded Focus on Sales Operations Management (SOM) is Major
Contributor to Growth
CHESTER, Pa.–(EMWNews)–Synygy, Inc., a recognized authority on sales performance and the most
experienced provider of sales compensation management (SCM) solutions,
today reported results for the period ending June 30, 2008.
Synygy recorded another consecutive quarter of solid growth, with
revenue and profit all higher than the same period in the previous year.
The company’s financial strength going into
the next quarter is exceptional, with over 90% of total revenue for the
third quarter of 2007 already booked for the third quarter in 2008,
largely due to Synygy’s high recurring revenue
from its on-demand software, on-demand staffing, and outsourcing
services solutions.
In addition to growth in Synygy’s core SCM
business, a major contributor to the company’s
overall growth was a 62% increase in the sale of Sales Operations
Management (SOM) solutions for driving sales performance and sales force
effectiveness, including software and services for managing sales
territories and channels, sales quotas, sales objectives, sales metrics
and analytics, sales data processes, sales reporting, sales analysis,
and sales communications.
Other second quarter accomplishments include:
-
Synygy renewed or expanded its SCM business with 14 existing clients,
including three of the largest pharmaceutical companies and two
telecommunications giants.
-
Synygy again earned an overall client satisfaction score of “excellent”
for the quarter, exceeding 4.0 out of 5.0 possible points on a range
of matters—from professionalism and
responsiveness to the likelihood of clients recommending Synygy
solutions to how well Synygy enabled clients to accurately and
effectively align their strategy and sales compensation plans.
-
Synygy’s recent global opinion survey
concluded that our workforce is highly engaged and enthusiastic to
serve our clients and overwhelmingly would recommend our products and
services.
-
The spring SYNYGY SALES PERFORMANCE CONFERENCE attracted hundreds of
attendees from more than fifty of the world’s
largest technology, pharmaceutical, telecommunications, financial
services, and other companies.
“We are very pleased by our high client
retention and renewal rate, the growth in our on-demand SCM business,
and the impressive growth in our SOM business,”
said Mark A. Stiffler, president and CEO. “We
are also pleased that our business model has created a large, solid base
of recurring revenue that gives us a predicable view into future
financial performance.”
About Synygy
Synygy, Inc. created the sales compensation management (SCM) market and
is the most experienced provider of SCM solutions. Based in Chester,
Pennsylvania and with extensive operations in Europe and Asia, Synygy
has achieved 17 consecutive years of success.
Synygy’s software and services eliminate the
problems of strategic misalignment because of an inability to design,
model, implement, and manage the sales compensation plans that companies
desire; misunderstood plans and inaccurate results that fail to drive
needed sales force behaviors; lack of management information that fails
to provide visibility into the effectiveness of strategy execution; and
an inability to quickly adapt to change that limits enhancements to
strategy and associated plan modifications. www.synygy.com
Synygy, Inc. |
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