Whether your organization is in the SaaS industry or not, channel management is a crucial aspect of any effective sales and marketing strategy. Channel management for software companies refers to…
Effective channel management is crucial for success in almost any industry. But what exactly is the channel management process, and why is it so vital for businesses like yours? Let's…
In this article, we will take a deep dive into effective channel partner management and how it allows businesses to expand their operations and achieve key metrics. We’ll discover the…
Is PRM (Partner Relationship Management) still relevant in this fast-paced, ever-evolving business landscape? You bet it is! According to a recent Canalys report, PRM isn't just alive; it's more critical…
Strategic partnerships provide compelling opportunities for companies to team up and achieve mutually beneficial business objectives. Like any relationship, though, an effective partnership takes some work. At a bare minimum,…
What makes a good partnership relationship? In a recent McKinsey survey, executives said that shared goals and strong internal communication are vital for joint-venture success. Interestingly enough, however, the lack…
There are plenty of potential benefits that come with strategic business partnerships, most of which center around either increasing profits or tracking the ROI of a particular product, service, or…
PRM platforms are tools, usually digital, that enhance different components of PRM—meaning “partner relationship management.” Due to the complex nature of partner relationship management, tools like PRM software are often…
For many businesses, identifying potential partners—and cultivating productive relationships with them—plays an important role in fueling growth. Like any relationship, though, a business partnership must be carefully approached and strategically…
Each brand partnership will require different things to be successful, but certain guiding principles—and tools—can help with all partnerships. Before reaching out to your first prospective partner, you need to…
There are many ways to form a partnership with other businesses. But no matter what kind of partnership you seek, all business partnerships are essentially the same thing: a strategic…
Partner relationship management systems help an organization to better build, foster, and organize their various partnerships. Knowing how to maintain multiple relationships—each with their own goals—is a critical part of…
The biggest difference is that CRMs (customer relationship managers) focus on customers, whereas PRMs (partner relationship managers) focus on business partners. Both roles want to improve communication, data analysis, and…
The key to relationship management, like relationships in general, is communication—and the best communication is clear, concise, and consistent. However, communication in the business world is complicated, particularly when working…
Good partner relationship management (PRM) requires a good manager, but more importantly, it requires the software tools to run partner programs efficiently. While proper management is certainly helpful, it’s not…