Netformx Wins Channelnomics Vendor Innovation Award

  • Innovative application of AI and big data technologies dynamically changes the IT sales motion to influence sales behavior

  • Business intelligence drives desired business outcomes throughout the sales cycle

  • Netformx customers gain competitive advantage from increased deal profitability and team productivity

SAN JOSE, CA—December 13, 2017—Netformx®, the leader in sales enablement and profit acceleration platforms for IT solution providers, announced today that it was named the winner of the 2017 Channelnomics Vendor Innovation Award, presented on November 29, 2017 in New York City.

The IT sales process for enterprise-grade solutions is complex and driven by unique and dynamic customer requirements. In addition, multiple deployment models such as on-premise, virtual, private, public & hybrid clouds offer more options than ever before. Each party in the supply chain, from suppliers through distributors offers incentives and promotions which all impact profitability. Manual, ad hoc processes cannot piece together the ever-changing data from numerous sources.

Netformx is totally changing the sales process and its management by incorporating business intelligence derived from Artificial Intelligence (AI) and big data technologies. Netformx solutions go beyond sales enablement tools such as Customer Relationship Management (CRM), Configure, Price, Quote (CPQ), and solution design engines, which automate specific parts of the sales process. Instead, Netformx identifies and executes business actions — defining what the sales process should be to get the right solutions at the right price into the customer’s hands at the right time.

By driving business outcomes at every step in the sales cycle Netformx customers benefit from fast time-to-quote, deployable solutions, optimized promotions and rebates, and increased profitability.

The Channelnomics Innovation Awards recognize channel players across North America who bring innovation, forward thinking, and excitement to the channel. The awards are completely independent and based solely on innovation and achievement in the past year.

Key Facts
  • Netformx streamlines IT sales operations and enables efficient business management.
  • Netformx enables solution providers to reduce time-to-quote 80% and reduce implementation error rates by 99%.
  • Channel partners leveraging Netformx solutions report profitability increases of over 1% and in some cases over 5%.
  • Using Netformx award-winning solutions, over 2,000 customers in more than 120 countries design and sell winning multivendor solutions with reduced errors, resulting in satisfied customers and more profits.
Supporting Quote

“Rather than just automating existing linear IT sales processes, Netformx uses AI to enable our users to significantly improve upon the sales motion itself, such as by influencing sales behavior early in the process to maximize desired business outcomes and profitability. Our customers gain competitive advantage from increased deal profitability and team productivity.” —Ittai Bareket, CEO at Netformx

About Netformx

Netformx is the leader in sales enablement and profit acceleration platforms for solution providers. Netformx delivers a Digital Ecosystem as a Service (ESaaS), which enables IT solution providers to design, analyze, and sell winning and implementable multivendor solutions for Enterprise customers, while operating their businesses profitably. Netformx accelerates solution provider profits by providing powerful business intelligence, actionable insights, collaboration, and automation that connect people, information, and processes. The result is increased competitiveness and productivity across the sales lifecycle.

Netformx has over 2,000 service provider, systems integrator, and technology vendor customers in more than 120 countries including ALE, AT&T, Bell Canada, British Telecom, CDW, Cisco, Dimension Data, Insight, Juniper, Optus, Orange Business Services, Sprint, and Telstra. Our comprehensive KnowledgeBase™ contains client and vendor products, services, and program compliance data from vendors such as Cisco, ALE, Brocade, Check Point, EMC, ENET, Juniper, QNC, Avaya, APC, Belden, Jabra, SonicWall and Riverbed. The wide-ranging, up-to-date data enable our customers to quickly create accurate designs and proposals and to maximize profitability.

Press Contacts

Tina Morarity-Breunig
+1 408 423 6619