What are the value drivers of a technical alliance team?
- Andrew Litynskyj
- Aug 18, 2023
- 2 min read
A technical alliance team within a SaaS ISV plays a critical role in driving growth and success for the company. A modern-day SaaS ISV is short lived without a well-defined alliance partner strategy. The following are some of the key values of having a technical alliance team:
Expanded Market Reach: By partnering with third-party technology vendors, the SaaS ISV can expand its market reach beyond its core product offerings. This allows the company to reach new customers and markets that it may not have been able to reach otherwise.
Increased Customer Value: Integrating with third-party technologies allows the SaaS ISV to provide customers with a more complete solution that meets their specific needs. This increases customer value and can lead to higher customer satisfaction and retention.
Competitive Advantage: By offering integrated solutions with third-party technologies, the SaaS ISV can differentiate itself from competitors and gain a competitive advantage in the marketplace.
Revenue Growth: Integrations with third-party technologies can lead to additional revenue streams for the PIM SaaS ISV, either through revenue sharing agreements with partners or through increased sales of the core product offering.
Innovation: Partnering with third-party technology vendors can bring new and innovative technologies to the PIM SaaS ISV's platform, which can help drive innovation and product differentiation.
Improved Product Quality: Integrations with third-party technologies can help improve the quality of the SaaS ISV's core product offering by leveraging the expertise and capabilities of partner technologies.
By having a technical alliance team in place, the SaaS ISV can effectively manage partnerships with third-party technology vendors and leverage these partnerships to drive growth and success for the company.
Outcomes must be mutually beneficial
Alliance partner must see a path to:
Incremental License revenue
True market differentiation and positioning
Integration and interoperability between systems
No increase in sales cycles
SaaS ISV must see a path to:
License revenue
Market and channels not otherwise available
Increase in brand differentiation
Shift from point solution to enterprise value
Mutual customers must see:
Business value
Broader solution
Obvious Choice because 1+1=3