AUSTIN, Texas, July 21, 2020 /PRNewswire/ -- ALTR, developer of the most advanced data governance and protection technology on the market, has launched a new partner program for SIs and OEMs, as well as small consulting firms and developers that co-sell, refer-sell or implement ALTR Data Security-as-a-Service (DSaaS).
The ALTR Stackable Margins program opts for a non-traditional approach to the channel by comping resales and referrals that lead to positive outcomes at decisive stages of the sales journey. In addition to deal registration — where all-or-nothing sales margins often see parties waging war over deal credit — partners are rewarded for many types of net-new opportunity identification and referrals. This includes compensation for completion of a successful proof-of-concept (POC), and incentives for solutions that are optimized with complementary ALTR DSaaS features.
"Our channel strategy is really about investing in companies that invest in us," said Brian Stoner, ALTR's Vice President of Channels and Alliances. "Out of the gate, emerging security solutions have been less channel-friendly than other technologies. When vendor-led sales cycles are the default go-to-market, it is difficult to enable and build partner leverage in your channel. If a partner does invest in learning to sell, POC, and implement your technology, they should be well compensated for their efforts. Stackable Margins change the compensation model so now there's significant margins to compensate them for their investment in ALTR."
The Stackable Margins program recognizes the hard work that partners put into identifying and supporting potential ALTR DSaaS customers. For instance, developers work with customers to accelerate modernization of legacy applications and systems or in shifting data to the cloud. Consultants provide incident response services and advice to organizations looking to improve their application security.
However, it is often difficult or impossible to book revenue after months of handholding and time investment — with some dedicated partners even finding they're unable to maintain their independence — because channel programs typically do not fairly reflect the complexity and conflicts of indirect sales. This is particularly true for cybersecurity and cloud-based products and solutions.
"As companies hurry to enable remote work and cloud workloads, we're on a really good track with ALTR to help meet the demand for better data security," commented David Carlson, Vice President of Managed Services at Sirius. "They provide the resources we need around ALTR DSaaS so we can bring it all together for our clients, and they make sure we get an equitable share of the deal on every net-new account."
For systems integrators, ALTR's approach is built on the premise that each partner has a unique relationship with a potential customer. There are two tiers to the program for these firms.
Stackable Margins are points of margin to compensate the partner who closes the transaction, as well as others that played a role in the successful opportunity. For example, depending on the complexity of a given customer's IT environment, there could be two or more partners involved.
"ALTR's new program allows us to work with customers in a measured way so we can support their data security needs and still build up margins that make it worth our time. That way customers get exactly what they need, and we get compensated for the contribution we make toward reaching that outcome," said Dave Gottesman, CEO of Epic Machines.
Each partner's share of transaction revenue is calculated by adding up the earned margins across different program activities, with percentages based on the agreed-upon customer purchase price. If a partner does not complete the transaction, their participation margin will be calculated on the net revenue that ALTR receives. Simplified onboarding provides additional ways to earn compensation by successfully conducting POCs.
For renewals, incumbents that help ALTR retain customers are rewarded with a payout of 20 percent of the renewal purchase price. Non-incumbent partners receive a 10 percent margin.
More information about the Stackable Margins program from ALTR, including a comprehensive Partner Guide, can be found here. Interested SIs, OEMs, and other potential referral partners and resellers are invited to contact Brian Stoner at email@example.com.
ALTR simplifies and unifies data governance and security, allowing anyone the ability to confidently store, share, analyze, and use their data. With ALTR, customers gain unparalleled visibility into how data is used across their organization and can use this intelligence to create advanced policies to control data access and mitigate data risk. Through ALTR’s no-code cloud platform, customers can implement data control and protection in minutes instead of months.
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