Intelligent Tech Channels Issue 24 | Page 32

FUTURE TECHNOLOGY Keeping a finger on the pulse for achieving successful channel leadership I ntelligent Tech Channels spoke to Avinash Advani, CEO at Spire Solutions, and K.S. Parag, Managing Director, FVC, about the true significance of value-added resellers (VAR) and value-added distributors (VAD) in the channel. The key requirements of being a successful VAR/VAD today Avinash Advani The VA in VAR and VAD means ‘value-added’, so the success of a VAR/VAD is absolutely linked to the ability of the partner to provide the maximum value to its ecosystem, for example, its vendors and customers. Those VARs/VADs that can differentiate themselves and grow profitability are usually the ones that offer unique services. These services are ones which require innovative strategic thinking as well as investment in both resources and training. But it all starts with focus and technical excellence. The ‘Jack-of-all-trades, master-of- none’ cannot survive in today’s competitive 32 market. It is fundamental to have a strict focus so that a VAR/VAD can be recognised and reputed as a domain expert, be it a specific service offering, a technology area, a vertical, or a market segment. Developing expertise then comes from achieving technical excellence. In addition, VARs/VADs need to become thought leaders by keeping their finger on the pulse of the technology industry and ensuring that their portfolio includes next- generation products and services that are emerging, as well as those that are spurring market demand. Furthermore, VARs/VADs need to be agile and flexible by maintaining pace with industry trends and paradigm shifts, such as Digital Transformation, cloud adoption, Artificial Intelligence (AI), automation, IoT, etc. Accordingly, corporate positioning and portfolio offerings need to be adapted to avoid becoming stagnant. Also, the point product sale is fading as product margins shrink and customers look to outsource through long-term vi na sh Experts discuss the challenges of remaining competitive as a VAR/ VAD in the channel and the future trends they predict will shape operations of VARs/VADs. Ad van i, CEO at S pire Solutions partnerships. Therefore, VARs/VADs must begin the transition to managed services to ensure they can sustain both profitability and customer satisfaction. Lastly, effective cashflow management is critical for the success of a VAR/ VAD in today’s market. It is important to consistently demonstrate payment performance so that effective credit terms are in place with suppliers, enabling VARs/ VADs to bridge the gap between AP and AR. VARs/VADs must begin the transition to managed services to ensure they can sustain both profitability and customer satisfaction.