Intelligent Tech Channels Issue 28 | Page 51

Q& EDITOR’S F or a partner programme to be truly successful it needs to be relevant in the current market and address both current and future industry and technology trends. With technology areas such as Artificial Intelligence (AI), Machine Learning (ML), Big Data and IoT now increasingly available, vendors need to ensure partners can access and take advantage of these emerging areas of innovation. It is also important to recognise that all partners will be at different stages of cloud adoption. For example, there are cloud- native partners, partners that have made INTELLIGENT TECH CHANNELS INTELLIGENT TECH CHANNELS Issue 28 PAUL FLANNERY, VICE PRESIDENT, CHANNEL SALES, INTERNATIONAL REGION AT EPICOR SOFTWARE the transformation to selling cloud and then partners that still need to make the transition. An effective partner programme needs to address all of these areas and recognise that for partners to make the move to cloud, there are different business challenges that need to be addressed. For example, moving customers to the cloud and away from on-premise means moving from upfront margins and guaranteed revenue streams to monthly, or even annual, agreements. This can present a number of potential issues for resellers – from cashflow and revenue management to a lack of long-term customer relationships. Vendors should be aware of these challenges and prioritise resolving these so that partners can move in line with the direction the market is heading. To do so, vendors should be creating solid annuity-based revenue streams that reward partners for continued margins and customer retention. This will help support business growth and predictability. To build a partner programme that works – and continues to work through both market and technological advances – vendors should be considering how they can create further opportunity for their partners. After all, partners won’t be in the programme for a one-off deal – they need to develop a business focused on value creation that is also built for sustainability. Any partner programme or agreement must support partners to add more value beyond the products they are offering to give customers a better experience in order to encourage brand stickiness. By doing so, partners can guarantee reoccurring revenue streams and vendors can ensure long- term partnerships. To further support and enable partners, vendors should be working closely with them through joint planning sessions, ensuring they have a shared vision and financial model. Easy and open communication and collaboration across the channel will only build for further success, so ensuring a strong cultural fit between partner and vendor is essential. While it may seem simple, in order for partners to thrive, vendors should be making sure they are ready and aware of how to address market opportunity, focusing on how to not only create demand for the product/service but how to then manage this demand. It is the responsibility of the vendor to ensure partners are equipped with the right skills sets and are able to understand customer problems and how to address them on time and on budget. Ultimately, vendors should be empowering channel partners to represent them in the best way possible. As an extension of the brand, it is in the best interest of vendors to provide them with the correct tools for success. ˜ 51