Avnet Named to the InformationWeek Elite 100 for the Third Consecutive Year
May 03 2016 - 11:00AM
Business Wire
Recognized for its innovative contract renewal
platform that helps Avnet’s customers increase revenue and
profitably grow their businesses
Avnet, Inc. (NYSE: AVT), a leading global technology
distributor, today announced that it was selected for the
InformationWeek Elite 100 – a list of the top business technology
innovators in the U.S. Avnet was recognized for the development of
an innovative, cloud-based contract renewal platform called Avnet
uRenew™. This innovative platform provides Avnet’s value-added
reseller and solution provider customers in the U.S. and Canada
with a single, consolidated view into the status of current service
contracts related to their customers’ hardware and software
purchases.
“Avnet is always looking for new ideas to help our customers
grow their businesses more efficiently and profitably,” said Steve
Phillips, CIO, Avnet, Inc. “For the first time, value-added
resellers and solution providers have one view into their service
contracts across multiple technology manufacturers through Avnet
uRenew. The InformationWeek Elite 100 recognition underscores the
business value in Avnet’s continued approach to innovation through
digital platforms and our steadfast focus on accelerating our
customers’ success.”
Avnet’s business and IT teams worked in partnership to create
Avnet uRenew and simplify the renewal process of IT service
contracts, including those for ongoing maintenance for hardware and
software. Prior to Avnet uRenew, Avnet’s customers would spend long
hours and even weeks searching to determine which service contracts
were ready for renewal, accessing five or more databases from
technology manufacturers to obtain the information.
“Avnet uRenew completely changed the renewal process for our
customers with instant visibility into service contracts they’ve
sold to their customers,” said Christy Anderson, vice president of
strategic sales, Avnet Technology Solutions, Americas. “This
unprecedented visibility allows Avnet’s customers to capture
annuity revenue streams and expand their services businesses. Also,
the platform allows value-added resellers and solution providers to
proactively manage conversations with their customers about their
service contracts, further positioning them as trusted
advisors.”
With the contract renewal process drastically streamlined, Avnet
customers no longer need to search to find renewal information and
can access the information quickly from a dashboard. Avnet uRenew
also gives customers access to valuable data analytics related
to:
- Automated Renewal Tracking:
Features a centralized database for value-added resellers and
solution providers’ service contracts across multiple technology
manufacturers to help identify sales opportunities, with automated
notifications alerting them when a service contract is coming up
for renewal
- Opportunity Management: Allows
for forecasting and transaction status updates
- Sales Transformation: Provides
insight to identify, upsell and cross-sell opportunities, as well
as create initial budgeting and pricing information
“As business success becomes even more dependent on the ability
to innovate in information technology, being represented on the
InformationWeek Elite 100 list is one of the biggest honors a
company can achieve,” said Susan Nunziata, editorial director of
InformationWeek. “It’s a validation of efforts by the business to
make IT a game-changer.”
This is InformationWeek’s 28th year identifying and honoring the
nation’s most innovative users of information technology. The
InformationWeek Elite 100 research tracks the technology-based
investments, strategies, and results of some of the best-known
organizations in the country. Unique among corporate rankings, the
InformationWeek Elite 100 spotlights the power of business
technology innovation. Additional details on the InformationWeek
Elite 100 can be found online at
http://www.informationweek.com/elite100.
Watch a Video on Avnet uRenew:
https://youtu.be/82XsqUeqbfYFollow Avnet on Twitter: @Avnet.Find
out more about Avnet's approach to IT on the Behind the Firewall
blog: http://blogging.avnet.com/weblog/cioinsights/.Connect with Avnet on Facebook or LinkedIn:
http://www.facebook.com/AvnetInc or
http://www.linkedin.com/company/avnet.
About InformationWeek
For more than 30 years, InformationWeek has provided millions of
IT executives worldwide with the insight and perspective they need
to leverage the business value of technology. InformationWeek
provides CIOs and IT executives with commentary, analysis and
research through its thriving online community, digital issues,
webcasts, proprietary research and live, in-person events.
InformationWeek's award-winning editorial coverage can be found
at www.informationweek.com. InformationWeek is organized by
UBM Americas, a part of UBM plc (UBM.L), an Events First
marketing and communications services business. For more
information, visit ubmamericas.com.
About Avnet
From components to cloud and design to disposal, Avnet, Inc.
(NYSE: AVT) accelerates the success of customers who build, sell
and use technology globally by providing them with a comprehensive
portfolio of innovative products, services and solutions. Avnet is
a Fortune 500 company with revenues of $27.9 billion for the fiscal
year 2015. For more information, visit www.avnet.com.
All company and product names may be trademarks of the
respective companies with which they are associated.
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version on businesswire.com: http://www.businesswire.com/news/home/20160503006231/en/
Brodeur Partners for Avnet, Inc.Marcia Chapman,
+1-480-308-0284mchapman@brodeur.com
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