Wonder

PRM Software - 5

Delivered January 6, 2020. Contributor: Sameen B.

Goals

To provide a brief summary of the unique or notable features of the remaining two PRM tools, NetSuite CRM+ Partner Relationship Management and Magentrix PRM. For each PRM tool, also provide its pricing as well as details on what kind of person or organization is best suited for the tool (by organization size or industry). 

Early Findings

NetSuite CRM+ Partner Relationship ManagementUnique/Notable Features
Some unique features of NetSuite CRM+ Partner Relationship Management are joint marketing campaigns, joint demand generation, order processing, and multi-channel communication. 
Other key features include "lead management, sales forecasting, pipeline management, partner commissions and royalties, and knowledge management and sharing."
Suitable Individual/Organization Type
NetSuite CRM+ Partner Relationship Management is a component of NetSuite CRM. NetSuite CRM is suitable for small, mid-sized, and large companies. 
A review of the features and capabilities of NetSuite CRM+ Partner Relationship Management indicates that it is suitable for channel, sales, and marketing teams. 
PricingPricing information for NetSuite CRM+ Partner Relationship Management solution is not available on the company website. 
According to a third-part source, prices for NetSuite CRM solution starts from $129/month. 
Magentrix PRMUnique/Notable Features
Some of the unique features of Magentrix PRM include a "fully brand-able and configurable platform, ideation, and sales enablement. 
Other key features of Magentrix PRM include "sharing and registering leads, lead distribution and management, deal registration and management, online training and certification," partner onboarding, Market Development Funds (MDF), content management, and analytics. 
Suitable Individual/Organization Type
Magentrix PRM is designed for channel managers and channel teams. The platform serves rapidly growing organizations. 
According to Capterra, it is best for "technology companies looking to increase their in-direct channel program and provide self-service portals all tied to Salesforce."
An analysis of the platform's reviewers on G2 indicates that it is more popular among mid-market companies with up to 1,000 employees. Small businesses with up to 50 employees and some large enterprises also use this platform. 
PricingMagentrix PRM has not provided the pricing information for its PRM solution on its website. However, according to the platform's pricing mentioned on G2 (from November 06, 2019), its Elite plan starts from $1,499/month. It is likely that the software's price has changed this year. 
The company provides discounts to non-profit organizations. 

Proposed next steps:

You need to be the project owner to select a next step.

We can provide 2-3 cons or negative reviews of the 12 PRM tools i.e., PartnerTap Impact, ZINFI, Allbound PRM, Salesforce Partner Relationship Management, Impartner PRM, Zift Solutions, TUNE, PartnerStack, LeadMethod PRM, NetSuite CRM+ Partner Relationship Management, and Magentrix PRM. The cons or negative reviews will be quoted directly from the software review sites and/or news and media articles.

Since we have covered the identified PRM tools, we can explore two additional Partner Relationship Management (PRM) tools from G2.com (https://www.g2.com/categories/partner-management) that are not yet covered in our research. For each tool, we will provide a brief summary of the unique or notable features, details on what kind of person or organization is best-suited to that tool (by organization size or industry, as available), and pricing information.