Press Releases

Netformx VIP Calculator Wins Gold in the 2020 IT World Awards

Innovation recognized in New IT Software Product of the Year category
Solution automatically calculates VIP incentive impact on a deal
Automation increases IT solution provider competitiveness, win rates and profitability

SAN JOSE, CA —November 10, 2020—Netformx®, a leader supporting the IT solutions lifecycle from pre-sales to renewal for IT solution and service providers, vendors, and distributors, announced that Netformx VIP Calculator was named a Gold winner in the 15th Annual 2020 IT World Awards®. VIP Calculator was recognized for its innovation in the Network Products Guide “New Product-Service of the Year—IT Software” category.

IT solution providers may not leverage their full rebate potential from Cisco® Value Incentive Program (VIP) rebates because of their complexity and fluidity. Netformx VIP Calculator (VIPC) automates the process of keeping up with Cisco’s continuously evolving VIP programs. As an integral application in the Netformx pre-sales application suite, VIPC automatically analyzes VIP rebates and potential payouts so Cisco partners can forecast their payouts on every opportunity and gain insights to maximize deal margins.

The Netformx Application Suite provides innovative solutions that simplify IT sales complexity and increase seller profitability through automation, optimization, and analytics. They bring efficiency to the sales lifecycle, including pre-sales, post-sales, and subscription management. Netformx applications help Cisco partners and multi-vendor IT solution providers deliver solutions faster and more efficiently while improving profitability and customer success.

Supporting Quotes

“As a leading national solutions integrator, it is essential for us to scale our sales business by streamlining operations. With Netformx VIP Calculator we are able to experiment with different options to cut the guesswork and see our potential VIP payout to maximize our rebates, optimize our profits, and remain competitive on every deal. Thanks to VIP Calculator’s automation and optimization we are able to make business decisions more rapidly and get quotes in our clients’ hands ASAP.”
— Brian Bermel, Partner Alliances Manager at Sirius Computer Solutions, Inc.

“It’s an honor to be named a winner by IT World Awards and to receive this industry and peer recognition. The award further validates our position as a company poised to successfully overcome the complexity of the IT solutions lifecycle, from pre-sales to renewals. By automatically analyzing Estimate, Bills of Materials and incentive data with Netformx VIP Calculator, the solution provider can spend their time on business decisions instead of grinding through data.”
— Ittai Bareket, CEO at Netformx

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About Netformx

Netformx enables partners to design and deliver multi-vendor IT solutions quickly and effectively. It helps the Cisco channel increase revenues and create an improved buying experience for their customers. Developed in close collaboration with Cisco, the Netformx application suite streamlines the sales lifecycle for pre-sales, post-sales, and subscription and renewal management. It grows profit margins by optimizing use of Cisco incentives, promotions, discounts, and rebates. Automation and powerful analytics provide business intelligence and actionable insights that enable partners to eliminate manual work, improve efficiency, collaborate, and achieve better business outcomes and customer success.

Netformx has 2,000+ customers globally including AEC, ALE, AT&T, Bell Canada, BT, Cisco, NTT, Insight, Logicalis, Optus, Sirius, SyCom Tech, Technologent, and Telstra. Our multi-vendor KnowledgeBase™ contains client and vendor products, services, and program compliance data from vendors such as Cisco, ALE, Check Point, Juniper, Riverbed, and TrippLite. www.Netformx.com, Twitter and LinkedIn.