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90: איך אפשר להשתמש בתרבות הפנימית שלנו ליצירת שותפויות טובות יותר (English)אסף פרדקין ודרור שפינדל

אסף פרדקין

דרור שפינדל

90: איך אפשר להשתמש בתרבות הפנימית שלנו ליצירת שותפויות טובות יותר (English)

אנחנו משתפים כיצד השתמשנו בתרבות העבודה הפנימית שלנו כדי ליצור התאמה טובה יותר עם ה-channel partners שלנו. אורחים: אסף פרדקין, Head of Partnerships ודרור ספינדל, Regional Channel Director for Latin America במאנדיי.קום

This episode was recorded especially for the upcoming Unplugged: Partnerships event, coming up on November 18th. Click here to register and to find more details about the event.

How to create channel alignment, and how can we use our internal work culture to create better partnerships?

In 2020, the Partnerships department at monday.com tripled in size. We added the department less than three years ago, and already more business partners - external companies or salespeople - offer our platform than monday.com’s Sales department.

So how can we make sure our external partners are aligned with our brand and product just as every other employee at the company?

In a special episode recorded ahead of the upcoming Unplugged: Partnerships event, we are talking to Asaf Fradkin, Head of Partnerships and Business Development, and Dror Spindel, Director for Latin America at monday.com. Asaf and Dror share how we can use our internal work culture to create successful partnerships, how to bridge gaps with partners, and why creating channel alignment can bring value not only for the company, but also for both our partners and the customers

Episode transcript

Automatically transcribed — it may contain errors.

Hi everyone, my name is Daria Wertheim, and you've reached Startup for Startup, the podcast in which we at monday.com openly share knowledge, experience, and actionable insights among startups. Two years ago, we recorded an episode about the growth engine that we haven't cracked yet, business partnerships. We talked about the challenges of starting to build business partnerships and understanding the value they provide us. Today, channel partnerships is one of the biggest growth engines in the company, with 100 partners on board and a team that tripled its size in one year. The value of working with partners is clear, but now there's a whole new challenge, making sure our external partners are aligned with our brand and product just as every other employee at the company. So how do we create channel alignment? How can our internal work culture help us create better processes with our external business partners? And what do the partners gain from all of it? To talk about these challenges, we have Asaf Radkin, head of partnerships and business development. Hi Asaf. Shalom, everyone. And Doror Spindel, regional channel director for Latin America at monday.com. Hi, Doror. Hey, Daria. Great being here. Asaf, you were the first person to join our partnerships department back in 2017. Can you tell us where we are today? So now we're closer to 40. We're 38. And we split into different teams. Each team is in charge of either different type of partnerships. So we have several types of partnerships. We have the channel management, the tech alliances, strategic alliances, the student and academic partnerships, referral partnerships. And we have two more teams that are in charge of more cross teams alignment. One of them is training and enablement, and the other one is strategic consulting, which does a lot of different things to help our partners succeed. Crazy growth. Yeah. Okay, we'll talk about it soon. Doror, why don't you tell us, like, when did you join the company? What are you doing in the channel team? Sure. So I joined Monday two years ago, a few months after Asaf put together the team and launched the partners program. Back then, we were three people in the team overseeing the entire world. And so I was responsible for North and South America. Since our direct sales is focusing on English-speaking countries and especially North America, I put the focus on developing Latin America. And as we've experienced a massive growth since then, tripling sales, number of partners and headcount, the operation grew a lot, and we decided to separate North America and Latin America into two separated teams. So today we have a full channel team based in the US, and I lead the Latin American team with boots on the ground in the region. Okay, so let's take a step back and talk about the role of a partner. So what does a partnership look like in Monday? So for the context, I would like to mention that Monday has three main growth engines. The company started with the no-touch model, which is an online acquisition marketing play. And in late 2017, we started both the direct and the channel teams simultaneously to go up market and support our sales. Basically, channel partnerships is first and foremost a revenue generation-oriented unit. Our goal is to support the company's growth by driving sales in the regions that we are operating in. And I believe there is a limit to what a company can achieve by itself from geo, capacity, and focus perspective. And this is exactly where the partners can provide huge value to our customers from providing localized experience, bridging the language and cultural gaps, meeting face-to-face with customers, providing on-site training, and helping us to reach new audiences in which without them, we probably couldn't get. Basically, the way I see it, partners, they have four purposes for us to have them. And it all comes down to things that we don't or we can't do ourselves. So this is why having partners, because you don't want to do something and you want someone else to do that for you, or you can't do that for some reason. What do you mean by something you don't want to do? So, for example—

We are a product company. We don't have, as of now, a professional services arm, and we decided that we don't want to provide professional services to our customers to integrate with their platforms, for example, or develop stuff specifically for them. We decided that we're not going to do that, and if there is a need, someone else needs to do that. So this is why having partners. So they're not only helping us penetrate other markets, but they also provide extra services we don't provide as a company. Yeah, exactly. So again, if I go back to the four reasons of why having partners is one we talked about is having another revenue channel. This is one. The other one is going upmarket, so getting those bigger and bigger deals. Number three is expanding the reach, so being able to have customers that up until that point we weren't able to reach. That, I don't know, veterinarian from north of, I don't know, Hungary that is not using Facebook, for example. And he is buying his software from a local reseller in Hungary. So this is expanding the reach, and the last one is providing professional services. It's the fourth angle. I believe that working with partners create a win-win between Monday and its end customers. From Monday perspective, you are able to reach new audiences that otherwise we couldn't get and provide more services, which is not in our focus. And from the customer's perspective, I believe the overall experience that they are getting are much better. So it's not just about the product, it's about the added professional services that the partners can provide from training and custom development that the partners basically provide to the customers. The advantages are clear, but managing an operation with over 100 partners brings a lot of challenges. So let's talk about that. Okay, so there are like a million challenges in that operation. It's like taking all the challenges that we have internally within Monday, think about all the challenges that you can think of, and just having like another dimension of complexity to it. So for example, you internally want to keep employees motivated, right? So you need to keep partners motivated as well. It's just that right now they're not sitting right next to you and you can see that they're unmotivated or you can do a lot of stuff about that. Now they're sitting in their hometowns, you know nothing about what's going on in their personal, professional lives, and you need to keep them motivated. So this is just one. Another challenge I can think of is the inner conflict between the startup mentality that we have here at Monday compared to the stability partners usually look for. What do you mean? So you know, if you think of the company's profile of, you know, our partners actually look like, it could be from a few tens of employees up to a couple of thousands of employees. They are based in a wide range of countries and might have different sets of values. And the fact that we at Monday, we are rapidly changing the product, the pricing strategy, the marketing, the messaging, you know, we A-B test everything here. All of this not necessarily resonates with the way our partners run their businesses, but we still need to find a common ground to work together as a team. How many salespeople we have in Monday in compared to our partners? So I believe that today we have around 150 salespeople, quota carriers and their managers. And within the channel ecosystem, there is around 200. Wait, so we have more people selling Monday externally than the people we have at our own sales department. How do we align them with our needs? One of the tools we use in order to tackle the alignment challenges that we've experienced with our partners is actually leveraging our core values and the culture that we have here at Monday and implement it into the partners ecosystem. What does it mean? So actually what we found out is that the deeper context…

And understanding of how we operate as a company, that we share it with our partners, the more they feel part of the family, the more we have shared values with them, we will have better collaboration and alignment with them. And we treat them that way. We see them as an extension arm to Monday. We see them part of the family, and we don't treat them as an external service providers. And this actually has a direct impact on the bottom line and how successful a partnership will be. Okay, so what do you mean by connecting them to our values? What does it mean in practice? I think what we wanted to do is to take our values within Monday and implement it across the partner's ecosystem. So if here at Monday we talk about transparency a lot, and I'm sure there are more than one episode about specifically transparency within Monday. Yeah, so pretty much every other episode, we mention it, but let's say it again. The entire office is filled with screens presenting data for all the employees, right? We believe that transparency and sharing as much knowledge as possible with company employees can make more impact. Right, but it's not just that. It's not just the screens. It's also the way we handle ourselves and the way we give feedback and the way we handle conflicts here and the way we start new initiatives. Everything is being done in a very transparent way. And this is just one. Another thing can be the customer-centric approach, how much we are data-driven, how much we are impact-driven. All of these stuff, these are things that we knew that we needed to implement in our partner's ecosystem in order for them to be both aligned and successful. So how do you make a partner work in a transparent way, for example? So I think, first of all, you need to be very transparent with them. And we can share a couple of stories around that, but being transparent with them I think created a huge impact for our channel. Think about your ability to motivate them. If you tell them, this month we have, the entire channel need to generate, I don't know, a million dollars, for example, and then you give them context about each one of their targets. So now they have a lot more context and they have a goal that they're working towards. This is one. And also you can come by the end of the month, like two days before the end of the month, like today, and tell them we still have $250,000 that we need to generate. So they're very well connected to our goals. So this is just one thing. What we've also done is you share with them when you have a good month and you share with them whenever you have a not-so-good month. Why? So it sounds very counterintuitive. Usually most companies don't share that with employees, not to mention partners or investors or what have you. But for us it was critical because first of all, they can help you with that goal. And when you have a bad month, they can influence it. If they don't know, obviously they can't do anything. Okay, let's take another example. You said we are very customer-centric at the company. What does it actually mean? So here internally, you can have a lot of discussions about that with the customer success and customer experience group. We want our customers and potential customers to be happy. Happy with the way we treat them, the way we treat the product, the way we treat other customers. We want them to know that we're not here to generate a bunch of money and then that's it. We've made our fortune and this is what's important. When you talk to partners, it's twofold. So first of all, you need to make sure that they are treating the customer

The same. Drol has a great story around that with one of his customers in Brazil. But you don't want to have that partner that is just out there to be selling and he doesn't care about the brand, he doesn't care about the way we perceive our long-term strategy. You want them to be as customer-centric as we are. So let's give an example of how we do it in practice. Yeah, so maybe just before the story, what does it mean in reality is that we give them full visibility to the data that we have internally. And what we mean by that is that if I want them to treat the customer well, not just with the money they feel, but also really understand the usage and the engagement of the customer, what features do they use, where they can maybe do better, it means that we need to provide data accessibility to the partner. So basically any piece of data that we have internally about the engagement metric is something that we share with the partners, right? So they see the usage and they see the customer satisfaction and they see the customer tickets, maybe if they sent something to CX. Again, we basically empower them to really understand what's going on with each customer from the data perspective. So once they jump on a call with them, they understand the context and they know where they can provide more value to the customer. So this is a little bit both in terms of being data-driven, because in the end, this is one of our values and we really kind of want to extend it into the partner ecosystem, as well as being customer-centric and thinking about the customer and not just calling them when you want to do upsell or expansion or sell more. Okay, so tell us about a time where visibility actually helped us work with a partner. So we had a very interesting case in Brazil with one of our biggest customers over there. So about a year ago, we closed the first deal with this customer, but actually during the past year, they just kept adding more and more users into the account. So at some point, together with the partner, we decided to schedule a call with our champion to discuss the account growth. Yeah, and just to explain, a champion is someone from the company who kind of represents the company in the talks with Monday, right? Yeah, and of course, for us and for the partner, it was super exciting because we saw a huge potential to make the expansion possible and drive more revenue. But actually, just before the call, and this is a practice that we have here at Monday, we ran an account analysis and we look into the account engagement metrics. And what we found out is that actually, although they added a lot of users, just half of them are actually active and using the product on a daily basis. So together with the partner, we decided to turn the conversation completely with our champion and we thought that we'd rather reflect the account situation to the champion and discuss an engagement plan for them to improve the adoption and the value that they get from Monday rather than talking about the expansion and money. Right, like instead of adding more and more users, just making sure that the people who are registered to the platform actually use it. Exactly. And so when we jumped on the call with the customer, instead of talking about the money, we were talking about how we can increase engagement, how we can drive more value to the users. And we basically suggested him to clean up the account from users who are not active. We discussed what we can do in order to grow the account in a healthier way, in a way that the organization will get impact out of the Monday. And for us, maybe for the short term, it was a loss of revenue, but we gained trust, we gained epic customer, and we just built a very strong relationship for the long run with this customer since he saw that we are not there just to take his money, but rather to drive real value to his organization. Yeah, and I'm sure that for the partner as well, this was a pretty unique experience because a company comes and tells the partner, we're not here to just increase the number of accounts, we're here to make sure the customer actually uses the platform. Yeah, and this is exactly back to the point about alignment. Once you manage to create this alignment with the partners and they think the way we think here internally at Monday, such conversation…

come very natural for them. Right. And from now on, they will know what to put the focus on. Like instead of putting the focus on increasing the number of accounts, they will put the focus on actually the engagement. Absolutely. Okay, so from your examples, I completely understand how it helps us as Monday. How does it help the partners? How connecting our values to the partners help them in what they do? So, for them, I think it's more beneficial for them even than it is for us. I can tell you that we had a partner's event here in Tel Aviv and they kept talking about how cool it is that we are so transparent with them and they have no other vendor that is so transparent in such a close relationship with them and they admire that. Most of the companies they work for or with might be more traditional and when they see how we treat them is amazing for them. And also, probably one of the things that I wanted to mention earlier was when we talked about how having customer-centric approach is twofold, I think that we are putting the partners in the center as well. So, for us, it's not only the customers is in the center, is the partners are in the center as well. And the way we handle that might be with always paying commissions on time. It's like you can't miss that and if you did miss, you need to treat it with the same respect that you would have done if it was your own money. You can't take it lightly saying, oh, okay, we'll pay it next month. No, it's like a big thing and I'm going to be tackling it right now with finance or with whoever. That's for sure a good way to make them happy. Yeah, exactly. So, it's not even about the more money they get. It's about, oh, he actually came to me without me telling them anything and he told me that I have more money left so I can trust him. I can trust Monday. I think also you mentioned the partners event and I think it's something pretty unique. So, let's talk about it a bit more. Why did we do it? What was the event for? Yeah, so, partners events, it's kind of a best practice in the industry, right? Once you have a big enough partner ecosystem, so usually like once a year, they come together. But I think what's interesting, it's usually it will be probably in Las Vegas, right? Because you make a fun event out of it and we actually here when we did like pre-corona times, the first partner summit, we decided to do it here in Israel in our headquarters. We decided not to do it fun. We decided to do it in Israel. Actually, it was much more fun. Israel is not, Tel Aviv is, some will claim better than Las Vegas. But actually, the idea behind it was that, again, we want to connect them to the company. It was important for us to bring them here to the office to meet the other people, right? So, they're interacting on day-to-day with marketing, with CS, with sales. We wanted, again, to connect them as much as we can in order to create this alignment. And I think, you know, probably the best or the most exciting, you know, feedback I've ever got from a partner was, you know, the last day of the event, one of the partners came to me and said, look, you know, 25 years working as a reseller, right, for many other vendors. With us, it's for the past year or so. And he said he's never experienced such a collaborative ecosystem, you know, when inclusion is important and, you know, transparency is important. It's not just between us, the vendor, to the partners, but also between the partners themselves. So, we created a platform for them to better connect, to share knowledge. And he told me, look, you know, in one of the other vendors I used to work, you know, we, the partners, like, we fight on deals, right? So, you kind of play your card close to your chest and you don't want to share knowledge and you don't want to, the other partners maybe take advantage of you. And it's something that we just don't have here. So, the partners are actually helping each other. And then, you know, they created WhatsApp groups between themselves and they support each other and, you know, they answer to each other on the community. I felt like, you know, this is one of our biggest wins, right? We actually managed to bring this mentality and this culture…

performed within Monday and extended it into the partner ecosystem. Do we have a way to measure it? How it's working? If it's working? So the way it's being measured is on several metrics. It's not one metric that either we're here or there. We measure customer success and how much our customers are happy with the partner's performance. We measure how much partners are happy with us as a vendor and how much they're happy with their prospective channel partner manager. We measure how much the community is vibrant and alive, how much partners are replying to one another and how many times we need to step in and deliver the answers because other partners are not answering. Maybe another angle you don't think about it is that we see that over time many of the partners actually expanding their resource allocation towards Monday business. So they're growing the team, they're hiring more people, they put more focus and mindshare versus other products that they sell and I think this is another very good indication by the way very equivalent to the way we look at the product perspective. When a customer add more users and engage more with the product we see the success. So it's very similar also within the partner ecosystem. When doesn't it work? Do we ever have conflicts with partners in those areas? Yeah, so I think that one of the areas that we experience the conflict is around the pace Monday is moving versus the certainty or stability partners looking for. And as we mentioned earlier, Monday is moving fast and we constantly add features and improve the product, optimize pricing, change messaging and I believe that moving fast and learning fast is important for us but sometimes you pay price for it. Right, but you're talking about moving fast maybe product-wise but how does it affect our relationship with partners? Yeah, so the partners program itself is no difference. In the end of the day, we are quite young channel, right? Like we run the program for the past three years and we also optimize and change the program itself over time. So maybe if you look at more mature vendors that maybe set a strategy or set the partners model and they then just run with it for the next five years, for us, we are working with much shorter cycles as of today. Do you have an example for when we actually paid a price for it? Yeah, so about a year into the partners program, we decided to change and optimize the commission structure for the partners. And we prepared a very solid communication plan and the transition period and so on. And we did assume that we're probably going to have some tough conversation with a few partners, which we had, but still we believe that this is the right move to do in order to take the partners program to the next level. So one of our partners, after a long discussion about the change, the implications and the reasons behind it, decided to terminate. So for them, the fact that Monday is an organization that changing things fast didn't resonate with the way they worked. And we actually lost a very good partner. It was an unfortunate event for us, but at the end of the day, we are willing to pay the price for keeping the benefits in the way we operate. Were there any times that we did manage to bridge this gap? Yeah, absolutely. So one of the partners we are working with is a more traditional company. So for them, since the beginning, it was a little bit tough to swallow the way we worked here at Monday. They didn't want to share the personal targets with the different sales reps. They didn't want me to add all the employees to the Monday's community. And in our weeklies, we always talk numbers and show the bigger picture. And the CEO just didn't feel like working with them the same way. And he wanted to keep better control of what's going on in the company and who is seeing what. So basically what we did in this case is we sat with the CEO of the company and we first of all ask him to share what he's afraid of. What is the reason they operate the way they operate? So listening to them and

Understanding their concerns. And again, it's part of building close relationship, building this trust was super important for us. And I must say that, you know, he had fair points, right? Like I'm not saying that our way is the only way to run companies. I can tell it, you know, from my side, I was trying to show the value, right, in working in such an environment and, you know, what he could potentially gain, if you will, connect his employees to the bigger picture. If they will be part of the community, if they will see the, you know, the numbers from Monday perspective and for the company perspective. And, you know, we believe that the more you connected to the bigger picture and you have visibility into the data, the better you perform over time. And actually, we did manage, you know, to run, to drive a change in this company. So I can't say that, you know, right now they like Monday, but I can tell that, you know, they added all their employees to the community. And, you know, every month, like we sharing the monthly goal for the entire team. And, you know, the visibility into what other people from the team is doing and performing. And I think that, you know, since then we see tremendous improvement also in terms of the performance. So for us, it's a nice win. What haven't we cracked yet? Yeah, I think one of the points that, you know, we haven't cracked yet, and it's a new challenge that we experience these days, is how to make it work at scale, right? Like many other things at Monday, we started, I believe, with a smaller operation, right? We made it work. And right now, once we prove it to be successful, we want to go big. So if now we have 100 partners, we want to be in a year time or two years time in a much better place. And that means that, you know, what works for us in 100 partners, not necessarily will work in 500 or 1000 partners. So this is definitely something that, you know, we put thoughts into these days. And we need to see, you know, how we evolve the culture or the way we communicate the culture to our new partners. In addition to that, I would say that not only scaling the channel partners organization and the culture there, we still need to understand how we do that towards different types of partners. So how we implement the same culture with Microsoft, for example, who are now our partners or Adobe. Would we be able to implement the same culture in our teams there? Same goes to our strategic alliances. Would we be able to implement the culture inside Deloitte or Accenture or Capgemini? It's still a question. So if someone wants to start focusing on creating alignment with their partner, what are the most important things they should focus on at the beginning? So I would focus on two things. First of all, I would start by creating a community. And in that community, to start delivering all those messages that you want in order to align everyone. So for example, when we started the community, we started celebrating new deals. Obviously not all of them, but the big ones. And people were genuinely happy with those celebrations. Then when people were asking questions about how to do this, how to do that, we would tell them, go to the community and put it there. And that created more discussions and enabled everyone to collaborate with one another. So having an open community where sharing all of those stuff is super important and one of the things that I'm most proud of at our ecosystem. Another thing that I would do, it's a little bit softer, is to try to think how you wanted the vendors to treat you should you were the partner yourself. So you wanted them to be as transparent with you as possible about your performance, about how you are perceived as a partner. You wanted them to be very fair with money and commissions and whatever they need to pay you. You wanted them to be there for you.

when you have some problems in your business or anything like that. So that partner-centric approach would come from that. Another important thing to focus on from the very beginning is communication. I'm sure that you're going to experience lots of changes in the company, in the product, in the partner's program. And if you'll be able to build an honest relationship and open line of communication with the partners and really explaining them the reasoning behind the changes, you will see that it will drive success and just treat them as part of the family. I believe this is the key. Don't look at them as an external service providers, but rather as an extension arm to your company and treat them the same way you treat your own employees. Yeah, and one of the most important things that I learned from this conversation is that it all comes down to building long-lasting relationships with your partners. And in order to do that, you really need to look at them as an extension of your company, as you said. And every company has its own culture. We brought a few examples that worked for us. But I think that for other companies as well, once you change that mindset and you look at them as a part of your company, you will find the ways to create that alignment. Couldn't agree more, Daria. Okay, so that was my first episode. Thank you, Asaf. Thank you very much. Thank you, Dror. And thank you all for listening. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. Startup for Startup. 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