Our Experience
Partner Ecosystems
New Channel Models
#indirectstrategy #channelprogram #scale #incentives #resourcing
Challenge
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Implementation of a new indirect model to drive and scale growth for a technology start-up.
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Lack of channel strategy and supporting infrastructure.
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Need to improve management collaboration and decision-making parameters.
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Pressure on internal resources to support partners.
Approach
Close C-suite engagement to drive critical exploration of motivations identified key areas for engagement including:
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Solution and service fit for partners
Commercial modelling and incentives
People and resources
Channel models and partner types
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One-to-one qualitative interviews with employees in each functional area to align current business reality to the vision for the future.
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Solution deep-dives to define suitability of the offering for partner resale and service.
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Identification of requirements for partner recruitment, management and technical delivery.
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Assessment of business size and scale to map teams to functional partner program and highlight areas of weakness.
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Commercial reviews to explore incentive frameworks and ecosystem profitability.
Impact
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Several branded program options created to communicate potential and provide insights required to make the right decision based on business strategy.
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Despite initial preference for a resale go-to-market, modelling typical deal cycles and sizes against partner and company profit models produced recommendations for an ISV-build and referral program, backed by data and human insight.
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Decision made to halt program development until resources and investment were at optimal levels, emphasising the importance of making informed decisions that best serve a realistic appraisal of business growth.
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Solution Acceleration
#channelreadiness #partnersales #channelprogram #enablement #partnersuccess #resourcing
Challenge
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New SaaS offering for indirect resale demanded buy-in from an existing partner ecosystem to support sales and delivery efforts, supported by a positive response from partners and evidence of customer demand.
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Channel sales expansion hindered by insufficient technical expertise, a lack of sales coordination, and disparity in local go-to-market strategies.
Approach
A clear understanding of global product strategy was established, followed by a deeper analysis of the partner value proposition to understand alignment to internal and external priorities and go-to-market models. Following an assessment of the partner and competitive landscape, four key areas were identified for improvement:
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Value proposition and incentives for partners
Technical enablement and support
Sales skills and partner-led value
Sales planning and account targeting
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Key partners and partner managers interviewed to uncover their attitudes and opinions.
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Concerns revealed regarding return-on-investment modelling, insufficient sales planning and alignment, and limited technical resources that were causing dissatisfaction and unsustainable workloads.
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One-to-ones and planning sessions explored the attitudes of key stakeholders across the vendor and partner community, identifying misalignment of partner benefits and global strategy translation due to local regulatory rules.
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Exploration of different models and methods to support channel expansion and customer and partner success using market research and data analysis.
Impact
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Development of a beta program offering incentives to top regional partners through a dedicated program of sales and technical enablement and support.
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Sales champions aligned regionally to assist with customer engagement, and target customers agreed with to avoid competition.
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Marketing funding made available to aid demand generation efforts.
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Training provider engaged to work with top partners to help them to differentiate their packaged offerings and drive customer lifetime value, resulting in 20 committed partners within the first 2 months of beta launch.
Whether you're seeking to maximise vendor partnerships, implement a new program, or build out your channel strategy, at Phronesis, we take the time to understand your go-to-market model and goals to develop a compelling program of action to help you achieve sustainable channel growth.