Channel incentives are the central pillar of PRM programs. Incentives are powerful drivers to engage, motivate, and accelerate partners to meet targets and milestones. In addition, it provides a framework to consolidate all activities, actions, and outcomes into a single measurable rewards mechanism.

B2B channel incentive structure helps form a sustained relationship with the partner and creates long-term loyalty. Incentives are designed to nurture a partner through the partner life cycle. PRM program provides tools and frameworks to set up, configure and administer incentives. In addition

Customer Relationship Management as better known as CRM has been around for several decades. It has undergone many evolutions and matured to better serve the market and customer needs. Today, it remains the backbone of businesses and organizations and draws stakeholders’ attention. In contrast, Partner Relationship Management or PRM has evolved and matured more recently. Experts and practitioners are noticing and attracted to PRM as the value becomes more visible to stakeholders.

Both PRM and CRM focus on relationship management while their targets are different. PRM is business-centric (B

Partner experience is a holistic view of how a partner interacts with the brand and how they experience that relationship on an ongoing basis. This includes partner engagements, partner satisfaction, and partner loyalty, ensuring that every touchpoint of the partner journey is highly optimized to create the best partner experience. Businesses understand that the more they develop a frictionless partner experience, the partners will produce better results and ROI.

Partners interact and engage with the end customers of the brand. Hence, it is vital to ensure the partners have a frictionless

Introduction To Partner relationship management, better known as PRM, is slowly shaping B2B ecosystems. PRM as an essential business growth driver is rapidly evolving as organizations rely more on their extended channel partner networks to expand their market reach. More organizations recognize that they need fully systematized tools, frameworks, and solutions to run effective, scalable, and sustainable channel engagements.

PRM brings together the strategy, process, and solutions to achieve those B2B objectives. PRM is defined as

A set of methods, activities, and technologies
To develo

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Partner Marketing, The Holy Grail Of PRM
Brands need their B2B partners to strengthen on-ground marketing activities. This is one of the critical objectives for organizations to develop and invest in a strong partner network that is active, engaged, and result-oriented. Brands can multiply their marketing efforts by providing a marketing setup that partners can access, operate, and benefit from.