PRM meaning in Business ?

tuteeHUB earn credit +10 pts

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

Report

Posted on 11 Oct 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Write Your Comments or Explanations to Help Others



webstory list tuteehub
Miscellaneous in Business
webstory list tuteehub
MBA HRM Mcqs in Business
webstory list tuteehub
MBA Finance Mcqs in Business
webstory list tuteehub
Startup Funding
webstory list tuteehub
Career Switching
webstory list tuteehub
Accounting in Business
webstory list tuteehub
Miscellaneous in Business


Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

open app imageOPEN APP