Most businesses are still trying to manage their most valuable sales channel using a mix of messy spreadsheets and generic remote working tools like email. However, these traditional approaches, instead of helping them manage partners, hinder their growth and create hidden risks in their business.
But it can all stop if you start implementing a Partner Engagement Platform in your business.
If don’t know what Partner Engagement Platform is and why your business actually needs one, then you’ve come to right place. This article will explain everything you need to know about a Partner Engagement Platform. You will learn what these platforms are, why they are so important for any business that works with partners, and how they can help you build a more engaged and profitable sales channel
A Partner Engagement Platform is a complete software made to start, build, and maintain strong relationships with a company’s partners.
Partners in this context refer to external companies, organizations, or individuals with which a business collaborates to reach new markets and sell its products and services.
Therefore, PEP provide a single, centralized online location where your partners can login to access all the tools and resources that make a partnership successful.
The ultimate purpose of a Partner Engagement Platform is to make sure every partner is kept up-to-date, stays motivated, and works toward the same goals as your company. It’s designed to solve the problem of partner disengagement by making it as easy and rewarding as possible for them to sell your products. When partners are actively engaged, it helps your business sell more, grow faster, and build a stronger brand.
The biggest problem that a Partner Engagement Platform is built to solve is partner disengagement, which quietly costs business a huge amount of money.
For most of the businesses that rely on partners, their number one problem is that most of their results come from only a small group (20%) of highly engaged partners. The remaining 80% of them stay disengaged, uninvolved, and unproductive.
When you leave these 80% of partners disengaged, they create serious, negative results for your business. These consequences include:
A Partner Engagement Platform is the direct solution to such problems. This software is what allows you to take those 80% of the disengaged partners and turn them into an active, productive partners. By providing the platform, it makes it easy for partners to get involved and succeed. And therefore, helping you unlock the massive growth potential hidden within your partner network.
Most business leaders are already familiar with Customer Relationship Management (CRM) systems or Traditional Partner Relationship Management software. So let’s see how it differs from other business software that you might already use:
When you hear these terms, you will notice they sound almost the same. But the reality is a modern Partner Engagement Platform is a evolve version of older PRM software. While traditional PRM platforms were built to make the administrative work easier for the company’s internal team, a Modern PEP is built to help businesses get their partners actively more involved.
The biggest difference between a PEP and a CRM is who they are built for and what they are designed to do. Take PEP, for example. This platform is build for your external partners to manage their relationship with your company. CRM, on the other hand, is built for your internal teams to manage relationships with your customers.
This chart breaks down the key differences between these three types of software.
The main reason why a Partner Engagement Platform is so important today is because it helping you to win the partner attention that other businesses want to get.
You can no longer assume they are loyal just to you. Your partners have options—they work with multiple companies and can sell many different products. Each morning, they wake up and decide which product is worth their time and energy.
This creates a battle to win for their attention, which you must win. Part of winning your partners’ attention has a lot of do with Partner Experience (PX). This simply means how easy and profitable it is for your partners to do business with. If you are hard to work with, they won’t complain. They will just quietly stop selling your products and focus on a competitor who makes their life easier.
So, what’s actually inside a modern partner platform? It’s a collection of features built to make your partners’ lives easier. Let’s look at the essentials:
For any business that sells through partners, the decision to invest in a Partner Engagement Platform comes down to four key reasons that directly impact your bottom line.
If you want to start with a Partner Engagement Platform today, the best digital workspace solutions are unified and all-in-one.
Why? The single biggest reason is to eliminate the chaos. The core problem with managing partners is often the mess of using a dozen different, disconnected remote collaboration tools. A unified platform solves this by creating a virtual workspace that brings everything your partners need into one single, organized place.
inLynk is a unified, all-in-one digital workspace designed to be the central command center for a business’s entire ecosystem connecting employees, partners, and customers in one seamless environment that simplifies everything from partner sales to remote team management. Its purpose is to solve the problem of digital fragmentation by bringing all essential workplace collaboration tools into a single, intuitive interface.
Because inLynk is built to manage your entire business network, it has a powerful and complete Partner Engagement Platform built directly into its core. Here’s what you get in one place:
You don’t need to spend months piecing together a solution from scratch. We’ve already built the unified platform for you. If you are ready to see how our collaboration platform can help you build a more engaged, productive, and profitable partner network, book a demo today.
A Partner Engagement Platform (PEP) is a single software tool that provides a central online location for all partner-related activities. Its main purpose is to help a company build and manage strong relationships with its partners.
Your business needs a PEP to automate its partner program and manage growth without being limited by manual tools like spreadsheets. This allows your team to support a large effectively and growing network of partners.
A PEP works by providing a central partner portal where your partners can log in to a secure website. This portal gives them access to all the sales tools, training courses, and resources they need from your company in one organized place.
The key features are a central partner portal, tools for deal registration, and a library for content and marketing materials. Most platforms also include training and certification modules and communication tools.
A PEP improves performance by giving partners the right training and sales tools they need to be successful. Easy access to these resources helps partners get up to speed faster and start making money for your business sooner.
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