|
Press Release |
|||
|
Oracle Ranked as A Leader in Enterprise Incentive ManagementRecent Analyst Report Shows Oracle Incentive Compensation Second in Market PenetrationREDWOOD SHORES, Calif., Nov. 20 /PRNewswire-FirstCall/ -- Oracle Corporation (Nasdaq: ORCL - News), the world's largest enterprise software company, today announced that Oracle® Incentive Compensation, part of the Oracle E-Business Suite, is achieving wide-spread market acceptance, according to a recent 2002 report on Enterprise Incentive Management by The Aberdeen Group. The report indicates that in 2001 Oracle is a leader in the market, securing second in the vendor rankings, with 30 percent market share in software licenses sold. Oracle is the only major enterprise applications provider with any significant market share. Oracle Incentive Compensation streamlines the compensation and quota management process for sales, across the entire company and even with partners. It helps build fast and flexible compensation plans for any role, and increases sales productivity and reduces cost with easy to use, accurate plans. Aberdeen research indicates that companies spend as much as 40 percent of the total cost of administering a sales channel in managing incentive and commission tracking and payment (Aberdeen, "Enterprise Incentive Management; Variable Compensation 2002"). Additionally, Aberdeen predicts that the Enterprise Incentive Management market will grow to $2.1 billion to $2.5 billion USD by 2006. With Oracle Incentive Compensation, new incentive programs can be easily configured, approved online and deployed worldwide. As sales transactions are received, the appropriate credits are accurately distributed and calculated. The sales organization receives up to the minute feedback on performance and earnings through self-service reports, resulting in higher sales productivity. "Oracle has gleaned experience as its application moved from client/server to a totally Web-native application," said Katherine Jones, Aberdeen's Managing Director of Enterprise Business Applications. "Its end-to-end Internet strategy ensures that everyone who needs to work with incentive information can do so online as part of a single, coherent system of compensation management throughout the enterprise." About Oracle Oracle is the world's largest enterprise software company. For more information about Oracle, visit our Web site at http://www.oracle.com Trademarks Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners. OracleMobile 415/401-4000 jmorgan@tenthdimension.com top of page |
|||