Last updated on April 24, 2014 at 16:01 EDT

Paramax Adds Best Buy to The Awards Marketplace

March 1, 2012

RED BANK, N.J., March 1, 2012 /PRNewswire/ — Paramax, a leader in the incentive technology industry, announced today that The Awards Marketplace has expanded its offerings and now includes over 400,000 items from the Best Buy catalog. The Awards Marketplace functions as the shopping and fulfillment arm of Paramax’s industry leading incentive technology and will be directly connected to bestbuy.com.

“We are excited about this new awards option we are able to offer our partners and end user sponsors of incentive programs”, said Jeff Dalton, president, Paramax.” With the wide variety of desirable merchandise that Best Buy now offers to participants in our programs, we’re ready to deliver customized, attractive award choices that help our clients achieve their goals.”

The Awards Marketplace is powered by Paramax and connects to Achieva, Paramax’s points-based incentive software platform which streamlines data integration, reporting and fulfillment. The Awards Marketplace can also connect with virtually any third party points system.

“A successful incentive program needs two things: a means to accumulate program points, and a selection of attractive awards that are quickly delivered to participants,” said Steve Salus, executive vice president, Paramax. “With the tremendous flexibility of Paramax and Achieva behind The Awards Marketplace, we’re positioned to offer an even better experience in shopping and fulfillment.”

“With Best Buy, we’re now offering an even more diverse assortment of coveted awards, limitless program configuration and reliable reporting,” said Dalton. “The Awards Marketplace is a scalable, cost-effective alternative for companies looking to improve award offerings, efficiency and the participant experience.”

To learn more, visit:

Paramax (www.pmx.com) is an incentive technology company specializing in point-based incentive, loyalty and recognition programs for employees, sales teams and channel partners. The Paramax incentive software suite was first developed more than a decade ago and has been deployed in thousands of award programs. Clients include more than 100 global companies based in the U.S., Canada, England, Mexico and Australia.

The Awards Marketplace (www.theawardsmarketplace.com) provides innovative, flexible and effective award fulfillment programs for clients’ employees, sales teams and customers. They design, deploy and support customized award shopping portals that connect participants to diverse catalogs of merchandise from top retailers. The Awards Marketplace manages award programs for Fortune 100 manufacturing and consumer products companies.

SOURCE Paramax

Source: PR Newswire