PRM meaning in Business ?

Answer:

What is Partner Relationship Management mean?

Partner relationship management (PRM), used especially in IT industries, is a system of methodologies, strategies, software, and web-based capabilities which help a vendor to manage partner relationships. The general purpose of PRM is to enable vendors to better manage their partners through the introduction of reliable systems, processes and procedures for interacting with them. Web-based PRM systems typically include a content Management System, a partner and customer contact database, and the notion of a partner portal which allows partners to log in and interact with a vendor's sales opportunity database and obtain product, pricing, and training information. This helps vendors to streamline processes, as well as to collect and assess data about various stages of the partner sales funnel. There are a number of solution providers who offer PRM software to companies who rely heavily on a PRM solution to stay relevant in their respective industries.

Vendors who implement a PRM solution are typically motivated by a need to reduce the financial overhead, automate regular processes, and establish new partnerships to drive channel revenue and scale. Partners may also be integrators or managed service providers. Unlike customer relationship management systems, which are tailored toward getting an end customer to purchase from you, a PRM system is focused on getting a partner to sell on your behalf. As a result, they commonly offer web-based self-service tools, information, and resources to partner resellers. Tools often include:

Market development funds Request ProgramsTraining, Certification, and Accreditation AutomationDeal Registration Programs, under which vendors register the partner who has brought them a potential deal with a qualified prospect as their intended or preferred channel for a subsequent saleIndirect Sales Pipeline ReportingJoint Business PlanningReward and Loyalty ProgramsContent Library reference

Full Form	Category
Portimao	Airport Code
Project Resource Manual	Business
Proteome	Business
Preferred Residential Management	Business
Personnel And Resource Management	Business
Provider and Resource Management	Business
Pollack Resource Management	Business
Portland Rehabilitation Management	Business
Person Relation Management	Business
Public Relations Management	Business
Price Risk Margin	Business
Primedia, Inc.	Business
Partner Relationship Management	Business
Personnel Relationship Management	Business Management
Prospect Relationship Management	Business Management
Parks and Recreation Management	Business Management
Product Relationship Management	Business Management
Product Recovery Management	Business Management
Patient Relationship Management	Business Management
Primary Relationship Management	Business Management
Portola Railroad Museum	Community
Parks Recreation and Marine	Community
Performance Report Messages	Computer and Networking
Personal Rights Management	Computing
Performance Reporting Message	Computing
Primary Palette	Computing
Parameter File	Computing
Processing Mode	Computing
Print Resources Manager	Computing
Program Resolution Monitor	Computing
Process Reference Model	Computing
Product Release Management	Computing
Protocol Reference Model	Computing
Pressure Remanent Magnetization	Earth Science
Parameters	File Type
Professional Risk Manager	General
Peninsula Rescue Mission	General
Population Refugees and Migration	General
Protocol Representation Model	General
Pleasant Ridge Montessori	General
Proactive Replenishment Monitor	General
People of Restricted Mobility	General
People Really Matter	General
Partidul Romania Mare	General
Professional Reference Monitor	General
Probabilistic Roadmap Method	General
Parts Reconstruction Method	General
Performance Reference Model	General
Parallel Reaction Monitoring	General
Persons of Reduced Mobility	General
Prejean Romero McGee	General
Plant Resource Manager	General
Proton Replacement Model	General
Pro Rally Michigan	General
Proposed Rulemaking	General
Power Ram	General
Pro Master	General
Porsche Recuperation Management	General
Presidential Review Memoranda	General
Pipe Rack Module	General
Patient Relationship Manager	General
Professional Risk Managers	General
Prophetical Revolution Of Minds	General
Person Responsible For Maintenance	General
Probabilistic Relational Model	General
Proactive Risk Manager	General
Profile Rank And Message	General
Pixies Rights Movement	General
Passenger with Restricted Mobility	Governmental
Power Recycling Mirror	Governmental
Parti Rakyat Malaysia	Governmental
Precision Runway Monitor	Governmental
Peoples Republic of Maryland	Governmental
PIRUMADARA	Indian Railway Station
Physical and Rehabilitation Medicine	Medical
Personnel Readiness Manager	Military and Defence
Bureau of Population, Refugees, and Migration (dos)	Military and Defence
Presidential Review Memorandum	Military and Defence
Performance Response Message	Networking
Process Resource Manager	Networking
Prime	Real Estate
Payload Retention Mechanism	Space Science
Posigrade Rocket Motor	Space Science
Pulse Rate Modulation	Space Science
Performance Report Message	Telecommunication