Kia Motors UK Goes Live With Merced Systems to Drive Incentive Compensation Management Visibility and Accuracy
By Merced, PRNETuesday, August 3, 2010
Merced Systems extends its market position as largest ICM vendor in Europe
REDWOOD SHORES, California and LONDON, August 4, 2010 - Merced Systems, the leader in sales performance management and service
performance management solutions, today announced that Kia Motors UK - one of
the world's fastest growing car manufacturers - has successfully implemented
Merced Incentive Compensation Management.
Kia Motors UK has deployed Merced Incentive Compensation Management on
time and within budget, to replace their existing manual-based and inflexible
processes used to pay incentive support (bonus statements). Known internally
as KIMS - Kia Incentive Management System - the Merced Systems solution will
boost sales force motivation and performance by improving the speed, accuracy
and visibility of support payments.
Merced Incentive Compensation Management will allow Kia to:
- View all payments online - Download all recent and historical payments to Excel or PDF - Gain visibility of bonus support earned in a vehicle one day after registration - Effectively track queries - Drive a greater level of accuracy - More easily reconcile payments for dealers
"Kia Motors UK is delighted to have launched KIMS on time and within
budget to ensure the accuracy of bonus payments across our dealer network and
increase sales team productivity by providing real-time insight into
incentive payments," said Simon Hetherington, marketing director at Kia
Motors UK. "Merced Systems' proven implementation gives us added confidence
as we roll out the solution to the rest of our dealer network over the next
few weeks."
"We are excited to expand our footprint within the retail motor industry
with such a progressive company as Kia," commented Brenda Morris, vice
president - EMEA of Merced Systems. "Kia operates in one of the most
competitive retail environments where excellence in customer service and
sales is a prerequisite for sustained success. We have always been confident
in our ability to provide an outstanding return-on-investment and are
delighted Merced Systems has been chosen to ensure Kia continues to maintain
its aggressive global growth through accuracy of incentives via its dealer
network. As the most deployed vendor in Europe, Kia adds to the growing list
of successful ICM implementations for Merced Systems."
About Merced Systems
Merced Systems is the leading provider of Sales and Service Performance
Management applications focused on improving operational effectiveness of
sales forces and service organizations across a range of vertical industries.
Merced Systems' award-winning products serve Global 2000 customers, and
include advanced analytics and reporting, incentive compensation management,
coaching, and other performance execution applications. With a strong track
record of growth and delivering business impact to its customers, Merced
Systems has been profitable for the past seven years. Merced Systems is a
privately held venture capital-based company headquartered in Redwood City,
CA, with major operations in the UK. For more information on Merced Systems,
please visit www.mercedsystems.com.
UK, Suzanne Congdon of Merced Systems, +44-0-1344-862-900, suzanne.congdon at mercedsystems.com; or US, Leigh Anne Varney of Varney Business Communication, +1-415-387-7250, la at varneybusiness.com, for Merced
Tags: August 4, california, california and london, Merced, Redwood shores, United Kingdom