PRESS RELEASE — CHANNEL PARTNERS CONFERENCE & EXPO — April 10, 2019 — Telarus LLC (Booth 447 and a Signature Sponsor), master agent of business data, voice, and cloud services, today announced the launch of anticiPAY, a new software application that will analyze the makeup of a sales agents’ commission and determine the amount of money they can borrow through the Telarus Commission Advance program.
“Our loan program has been popular since announcing it in 2015, but the total amount they could draw down was manually calculated and could take days or weeks for our sales partner to learn how much they qualified to borrow,” said Adam Edwards, CEO of Telarus. “With the help of anticiPAY, our partners will be able to see, in real-time, the amount of money they can borrow using their existing commissions as collateral. Having quick access to this information will help them plan and make decisions quickly so that they can seize opportunities without having to cut through the red tape or engage in lengthy a back-and-forth negotiation. If they see a number on the screen, we can deposit that amount to their bank account within two business days. It’s that easy.”
Initially launched in 2015, the Telarus Commission Advance program has enabled its sales partners to take out over $2M in loans that have been used to grow their businesses, purchase leads, hire new salespeople, and even acquire other companies. Under the terms of the program, which don’t change with anticiPAY, partners can borrow up to 10x their residual commission flow, without any payments for a year. The monthly interest that is charged varies based on the size of the partner’s total book of business with Telarus.
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“We began investing in software from the earliest days of our company because we believe transparency is the key to creating an effortless experience with our sales partners,” added Patrick Oborn, co-founder of Telarus and original creator of Telarus’ technology back and front ends. “Before anticiPAY, the way we loaned money to our partners was a bit of an enigma. We used a formula that was based upon the total size of the commission stream, the product makeup of the commission stream, the commission concentration on both the customer and supplier side, and from there created a risk profile. anticiPAY is the embodiment of these rules, delivered in real-time, updated the day after a new commission run is tabulated. While many of our partners may never need our financial assistance, the ones that do will appreciate the immediate access to this information.”
Telarus owners Adam Edwards, Patrick Oborn, and Richard Murray revealed the new technology to their partners at the Channel Partners Expo held at the Mandalay Bay Resort in Las Vegas on April 10, 2019.
If you are interested in learning more about how you can leverage Telarus’ award-winning software tools and loan program to help grow your cloud brokerage practice, please visit our web site at www.telarus.com or call our new partner hotline at 877-346-3232.
Built for You, Telarus is the largest privately-held technology services distributor (master agent) in the United States. Our dynamic agent-partner community sources data, voice, cloud, and managed services through our robust portfolio of 185 leading service providers. We are best known for our home-grown software pricing tools and mobile apps that are unique in the industry. To help our partners grow their businesses, we’ve assembled the best support organization in the industry, which includes SD-WAN, Cloud, mobility, contact center, and ILEC specialty practices whose primary goal is to help our partners identify and design the right technology solutions for their customers. To learn more about the Telarus opportunity, please visit www.telarus.com, or follow us on Twitter @Telarus.