Cloud software vendor Vorex Inc. has announced its first partner referral program that the company is billing as “simple and straightforward.”
The program, which allows channel partners to resell the company’s professional services automation (PSA) and project management software for small to mid-sized businesses, features 10 per cent earnings for referrals within a 6-month timeframe, with a “continuing 2% reward for the remaining term up to 24 months,” the company said in a statement.
The Dallas, TX-based company added that partners earn monthly stipends following receipt of the first payment, and that this should create a consistent and profitable recurring revenue stream. It said that it would also add deal registration to the program later in the year.
“A referral is the greatest compliment any business can receive and because our technology can be used by the VAR and MSP, as well as the SMB, a referral program to incent channel partners to resell Vorex software as part of their solutions stack was a logical next step,” said Mike Salem, CEO and president of Vorex in the statement. “Channel partners are the best sales force for targeting the business IT needs of SMBs, and we expect our referral program to be well received and become a core contributor to the company’s growth in 2015 and beyond.”