Glossary of commonly used and discussed terms in Partner Programs
What is a Partner Management System?
Partner Management System
A Partner Management System is a software platform that helps companies manage interactions and relationships with their partners, such as suppliers, resellers, and distributors.
Also known as PRM Software, these systems typically include features such as contact management, communication tools, and access to shared resources and training materials. The goal of a Partner Management System is to streamline and automate the processes involved in managing partnerships, making it easier for companies to collaborate with their partners and drive revenue growth.
Overall, Partner Management is an essential practice for businesses that rely on partnerships to drive revenue. By effectively managing and optimizing their relationships with their partners, businesses can drive better results and maximize their return on investment from their partner relationships
Easily engage partners across the entire journey
From enablement and certification to marketing collaboration, affiliate tracking, deal registration, and payout. Everything you need in a simple to use, elegantly designed user experience.
”Torchlite checked all the boxes. We were looking for a PRM that enabled us to engage and collaborate with partners in a meaningful way, and Torchlite makes that all possible.Anthony KapitanskiHead of Partnerships at Chili Piper