
Company: Best Software Company Description: Best Software offers leading business management products and services that give more than 2.3 million small and mid-sized customers in North America the insight for success throughout the lives of their businesses. Its parent company, The Sage Group plc (London: SGE.L), supports 4.4 million customers worldwide. Nomination Category: Individual Awards Categories Nomination Sub Category: Best Sales Executive
Nomination Title: Taylor Macdonald, Innovative Partner Advocate
1. Tell the story about what this nominee achieved in 2004 (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
Taylor Macdonald is responsible for channel and sales operations for the Best Software mid- market division, which includes strategic partner recruitment and development. Prior to joining Best Software, Taylor was founder of Macdonald Consulting Group, the company’s top business partner for five years.
Best Software is one of the largest software companies serving the small and mid- size business market, with a successful heritage forged in a large part through its focus on developing a strong partner channel. In the past year, Taylor’s initiatives have increased channel sales significantly, up 45% from last year while overall company revenues increased 30%. Sales through the Best Software channel represent almost 50% of overall company revenues.
Taylor has made a strong impact by making clear investments in the channel program to help partners hire the best sales people and provide them with the focused training they need to quickly be effective. Two innovative programs form key elements of this strategy: Partners for Growth, and the Best Sales Academy.
In June 2004, Taylor’s team launched Partners for Growth, a $1 million investment in delivering sales training, hiring assistance, direct financial support and marketing assistance programs to business partners. The one million dollar investment was an exclusive program for 100 Best Software partner firms, with the aggressive goal of adding 100 field-trained sales executives to the existing business partner channel within a 90- day period. Participating firms received a subsidy to offset new-hire start up costs, special lead generation assistance to fill the sales pipeline and expedited new-hire training on the Best Software products.
Designed to fuel internal growth in the company’s 6,000+ strong partner channel, the program was an overwhelming success. It was the largest program of its kind and the partner applications received far exceeded the 100 available spots. More than 250 business partners applied for the 100 places in the Best Software program. Each of the 100 partners accepted to participate receives $10,000 towards finding, hiring, training and supporting a new member of its sales force.
Taylor’s team also announced the creation of the Best Sales Academy, which provides training to participants. It offers complete multi-level courses and workshops on selling, coaching and managing sales, negotiating industry issues and other topics related to the selling process. The first five-day training session took place the week of September 2004.
Taylor’s goals for strengthening the channel program revolve around creative ways to increase individual partner growth to develop a sustainable business. As part of his commitment, Taylor devotes one full day per month to scheduled conference calls with channel partners. The agenda is decided on by the individual partner and may focus on sales, marketing, growing their business or Best Software in general.
Taylor also distributes a monthly newsletter with ideas on how to generate additional revenue as well as tips on innovative ways to close a deal. Taylor challenges the partners thinking through a constant stream of tangible thought provoking ideas and examples that they can personally benefit from.
2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: List each link on a separate line, begin each link with http://, and enclose each link in square brackets; for example, [http://www.website.com]:
Key Revenue Generating Programs for Partners: http://www.bestsoftware.com/partnership/generate_leads.html
Partner program with $1million investment: http://www.bestsoftware.com/newsroom/news/index.cfm/fuseaction/news.detail/id/379
Results of $1million partner commitment: http://www.bestsoftware.com/newsroom/news/index.cfm/fuseaction/news.detail/id/421
President’s Circle Winners; Top Partner Producers: http://www.bestsoftware.com/newsroom/news/index.cfm/fuseaction/news.detail/id/430
Taylor to Lead Best Software Mid-Market Channel and Sales Operations: http://www.bestsoftware.com/newsroom/news/index.cfm/fuseaction/news.detail/id/393
Quotes from third party partners: "Absolutely a must for the salesperson who is offering Best Software solutions to their customers. The Academy is highly interactive and motivating." - Shannon Walther, Access Business Systems
"This was a great experience to jump right in and meet others from around the country who are embarking on the same journey I am. It was a good learning experience no matter what your level of expertise. I know now I have contacts and support from people at Best who I feel I can contact at any time for assistance. I know who they are and they know me! What a great communications advantage!" - Tom Leib, BCG Systems, Inc.
"For someone who has been through numerous solution sales training programs (Khalsa, Franklin-Covey, Miller Heiman, SPIN), I still found tremendous value in the Best Software Academy program. I think the most unique differentiator was in the marriage of the training material with the product-specific breakout sessions. In short - Best was able to make the training extremely relevant by relating to the issues we're dealing with on a daily basis. Thanks for a great week!" - Mark Williams Plus Consulting Dan Gimbert of Software Link, the first 100/100 participant to close new business following participation in the program attended the September training session. “Having the ability to draw from the resources of an organization like Best Software through their Sales Academy has given me a refreshing perspective on the sales process,” said Gimbert. “I have been able to translate that methodology into my daily sales activities, and with one major sale already under my belt, I am confident that Software Link and I will continue to succeed as a partner of Best Software.”
3. Provide a brief (up to 100 words) biography about this nominee:
Taylor Macdonald serves as the executive vice president, channel and sales operations for Best Software’s mid-market division. Macdonald oversees national partners, the business partner channel, which includes partner recruitment and partner development and is also responsible for the field based sales team.
Taylor is one of the more recognizable figures in the accounting software industry. He has been named twice to the “100 Most Influential People” by Accounting Today and is a frequent speaker at the AICPA on topics such as business automation and business partnering. Taylor graduated from Yale University with a BS degree.
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