Overview

This article will guide you through the steps to effectively integrate sales partners into your sales process.

1. Introduction to Sales Partner Integration

Integrating sales partners into your sales process involves creating a system where partners can easily collaborate with your business, generate leads, and track their performance. iVendNext offers features such as referral codes, commission tracking, and performance reports to help you manage this integration efficiently. By doing so, you can ensure that your sales partners are motivated, aligned with your business goals, and contributing to your overall success.

2. Setting Up Sales Partners in iVendNext

2.1 Creating a Sales Partner

Before integrating sales partners into your sales process, you need to create their profiles in iVendNext. Here’s how:

1. Navigate to Home > Selling.

2. Under the Selling section, click on the Sales Partner shortcut.

3. Click on the Add Sales Partner button.

4. Enter the sales partner’s name, commission rate, and other relevant details.

5. Save the sales partner record.

2.2 Defining Commission Rates

For each sales partner, you can define a commission rate that will be applied to the net total of sales transactions. This ensures that partners are compensated fairly for their contributions. The commission rate can be customized based on the type of partner (e.g., reseller, distributor) or their performance.

3. Integrating Sales Partners into Sales Transactions

3.1 Adding Sales Partners to Transactions

To track the contributions of sales partners, you need to add them to sales transactions such as Sales Orders, Delivery Notes, or Sales Invoices. Here’s how:

1. Open the relevant sales transaction.

2. In the Sales Partner field, select the appropriate sales partner from the dropdown list.

3. Save the transaction.

Once the transaction is saved, the commission amount will be automatically calculated based on the net total and the defined commission rate.

3.2 Tracking Sales Partner Contributions

iVendNext allows you to track the contributions of multiple sales partners in a single transaction. If more than one partner is involved, you can assign contribution percentages to each partner. The total contribution percentage must add up to 100%.

4. Using Referral Codes and URLs

4.1 Generating Referral Codes

Referral codes are a powerful tool for tracking sales generated by your partners. Each sales partner can be assigned a unique referral code that is used in their marketing campaigns. When a customer makes a purchase using the referral code, the sales partner’s information is automatically captured in the sales order.

4.2 Creating Partner-Specific URLs

You can create unique URLs for each sales partner to use in their campaigns. For example:

http://xyz.ivendnext.com?sp=speed

When a customer clicks on this URL and makes a purchase, the sales partner’s information is linked to the transaction, allowing you to track their contributions accurately.

5. Managing Sales Partner Performance

5.1 Setting Sales Partner Targets

To motivate your sales partners and track their performance, you can set targets for them. These targets can be based on quantity, amount, or specific time periods (e.g., monthly, quarterly). Here’s how to set targets:

1. Navigate to the Sales Partner record.

2. In the Sales Partner Target section, click on Add Row.

3. Define the target based on Item Group, Territory, Quantity, or Amount.

4. Save the target.

5.2 Generating Sales Partner Reports

iVendNext provides several reports to help you track the performance of your sales partners. These reports include:

• Sales Partner Commission Summary: Provides a summary of commissions earned by each sales partner.

• Sales Partner Transaction Summary: Offers a detailed breakdown of sales transactions involving each partner.

• Sales Partner Target Variance: Shows the variance between the target and actual performance of sales partners.

To generate these reports, navigate to the relevant section under Selling > Standard Reports.

6. Define Clear Commission Policies

Before integrating sales partners, it’s important to define clear and transparent commission policies. This includes:

• Commission Rates: Decide on the commission rates for different types of sales partners.

• Payment Terms: Define how and when commissions will be paid (e.g., monthly, quarterly).

• Thresholds: Set thresholds for higher commission rates based on sales performance.