What Makes A Good Partner Management?
Partner management (PM) software helps businesses manage their partners and ensure compliance with regulatory requirements and industry standards. It also provides visibility into partner performance, generates reports, and enables business processes.
A lot of companies outsource their PM activities to third parties because they don’t have enough resources to handle it internally. When outsourcing, it’s critical that the right PM software is selected.
The following factors should guide your decision:
1. Business model: Is the PM software built for organizations that sell products and services or provide consulting services? Or does it offer both options?
2. Integration capabilities: Does the PM software integrate with accounting systems, CRM, ERP, e-commerce platforms, and other third-party applications?
3. Reporting capabilities: Can you create dashboards and reports that help you understand your business better?
4. Security: Are security measures implemented by the vendor adequate?
5. Scalability: Will the PM software scale up to meet future needs?
6. Support capability: Does the company behind the PM software have a team of experienced professionals ready to respond to requests from users?
7. Training availability: Do you get training videos and documentation from the vendor?
8. Cost: Is the price competitive?
What Is Partner Management Software Partner management software helps business owners keep track of the people they work with and what tasks they need to complete.