LTI brings its blockchain solution to market

LTI is a USD1.2 billion global technology, consulting, and digital solutions company with more than 300 clients, including 59 Fortune 500 clients. LTI has a 360-degree relationship with Microsoft, is a Blockchain Partner Council Member, and was honored with the 2018 Partner of the Year Winner - App Innovation Award. LTI is a Microsoft Gold Partner with eight Gold competencies and has 50-plus industry solutions on the Microsoft Intelligent Edge.

Blockchain, or distributed ledger technology, is fast disrupting the way business is done. LTI is at the forefront of the blockchain revolution, and it can help companies leverage this disruptive technology for exponential operational efficiencies. LTI offers a blockchain solution to improve efficiencies in import-export processes, and it brings all partners on a single blockchain network to share infrastructure costs and reduce reconciliation costs.

Azure Marketplace offers a great way to reach customers, gain new leads, and convert them faster

LTI realized that Azure Marketplace would be a great way to reach customers globally, giving it the global visibility it wanted to generate for its blockchain solution. LTI launched Trade Finance – Letter of Credit solution on Azure Marketplace and created a demo so customers could gain direct experience with the product. Showcasing its partnership with Microsoft further added credibility to the solution and allowed customers to experience how it worked with Azure. By tapping into the robust Azure Marketplace channel, LTI captured 50-plus new leads within one year. These included multiple opportunities with large enterprises, primarily in the banking, insurance, and manufacturing space. Listing in Azure Marketplace allowed LTI to tap into the Microsoft global sales team as a sales engine, and many leads were provided directly from Microsoft sellers.

In addition to the benefits of expanding its sales pipeline, LTI drew positive media attention after issuing a press release announcing the launch in the Azure Marketplace. It was also positioned in the High Performer quadrant of the HFS Blueprint Report: Enterprise Blockchain Services, which focuses on the blockchain capabilities of 21 service providers. The report highlights LTI as one of the first members of the Microsoft Blockchain Partner Council. Also, Avasant’s first Blockchain Services RadarView™ Report recognized LTI as a leader in blockchain services.

Azure Marketplace gives LTI sales staff one destination to send potential customers to learn more and to try the product. It allows LTI to provide a richer product experience to potential customers, bringing them further into the sales funnel and allowing them to be more efficient with their own sales and marketing resources. Based on the success with this first foray, LTI is working to deliver other solutions into Azure Marketplace.