ALTR Rolls Out First-Ever Stackable Margins Channel Program for SIs, OEMs and Resellers of All Types
DSaaS Leader Reinvents Winner-Takes-All Co-Sell and Refer-Sell Model by Rewarding Decisive Contributions to the Overall Sales Journey
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."
Rewarding the Sales Journey
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.
- Level 1 Systems Integrators — Entry-level resellers receive sales enablement resources and access to the ALTR sales team to assist with driving new customers. All that is needed is an MNDA and a referral agreement or resale agreement. There are no technical enablement requirements for Level 1, and ALTR will conduct all POC activities.
- Level 2 Systems Integrators — SIs that meet the enablement requirements for Level 1 can increase their commitment and accrue more benefits with Level 2 status. These evangelist-level participants are given advanced product roadmaps, training with accreditation and certification, business planning resources, and growth targets via a designated ALTR channel manager.
- Technology & Alliance Partners — ALTR develops custom integrations with complementary security technologies. Top performers can join the Technology Alliance Activation Program and receive Activation Kits that include co-branded marketing materials, videos, and sales decks, as well as a listing on the ALTR website and detailed white papers that cover topics such as integrations.
- OEM Partners — ALTR works closely with OEM partners to develop bespoke agreements and optimize business solutions that leverage complementary ALTR DSaaS features. As their understanding of the platform grows, their ability to achieve higher-level outcomes using ALTR technology within a customer's environment is rewarded with additional revenue.
How Stackable Margins Work
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 firstname.lastname@example.org.
ALTR is the first software company to unleash the cybersecurity benefits of blockchain for the enterprise. The ALTR platform, based on ALTR's proprietary ALTRchain technology, restores digital trust to organizations by fundamentally changing the way valuable data is monitored, accessed and stored. It is simple to deploy and easy for both technical and non-technical business stakeholders to use, providing them with an intrinsic view and control over the inner data-environment of an organization including how sensitive data assets are used or seen and by whom. The company, which holds 12 issued and allowed patents and has more than 30 patents pending, is based in Austin.
ALTR, ALTRchain and ChainAPI are trademarks or registered trademarks of ALTR Solutions, Inc., in the United States and/or other countries. All other trademarks or registered trademarks are property of their respective holders.