Impactful analytics & reporting helps launch a global marketing & sales program
ISSUE
A Fortune 100 IT company was facing a cloud service adoption challenge. The company had no visibility to the mid-market segment sales channel, lead times, conversion & retention rates, and most importantly, key sales blockers. Before the company was able to put together resources to launch a global marketing and sales plan, they need to better understand its target customers’ behaviors and provide proactive guidance to its field sales force.
ACTION
The client partnered with MarketScape to help define program KPIs, operational metrics, and establish & execute a reporting rhythm. Once defined, program objectives and field sales processes were reviewed to identify pilot subsidiary data capture practices in order to ensure data collection, as well as process consistencies. Data sources were then analyzed from multiple data warehouses to rationalize quality, set up extraction requirements, and report out rhythm. Finally, data was compiled to create a baseline and pilot program deltas, forecast, and trending. The reports were continuously modified with pipeline adjustments and quantitative data to provide additional contextual insights. These analytics were then continually leveraged to adjust budget, focus efforts across specific sales cycle deliverables, communicate with executive teams, and create best practices for a global launch.
RESULT
Through the pilot program, the client realized an impact of +190% in seats, 97% in revenue growth, and 56% in accounts over the baseline. Due to its success, the client received incremental funding and received commitments from the segment teams to launch a global marketing and sales program in the next fiscal year.
Integrated marketing campaign reaches 6.4M small and medium business owners
ISSUE
A global software company was faced with an opportunity to drive awareness, adoption and ultimately sales of a new product launch. The company was looking for opportunities to upsell product SKUs, as well as optimize existing OEM and retail sales channels, to accelerate conversions for the global small and medium business segments. In order to address this challenge, the client needed to design and execute an integrated marketing campaign that would compel & accelerate target customers to move through the marketing & sales lifecycle more quickly.
ACTION
MarketScape was asked to partner with the client to define the integrated marketing plan and to help articulate investment and strategy areas. As part of the planning phase, MarketScape reviewed the historical sales data, positioning & messaging frameworks, segment profile research, channel attach sales motions, and existing segment marketing & sales engines to create a compelling integrated marketing plan. The plan, which was socialized across executives and field leadership teams, included strategy areas in: digital properties, online media campaign, offline events, social media, and online inbound & outbound marketing programs.
After budget for the 8-month plan was approved, the client then partnered with MarketScape to execute against it, as well as provide internal and field communications, monitor and track program metrics and ROI, and recommend and execute course corrections.
RESULT
At the end of the campaign, the program reached 6.4M small and medium businesses through both offline and digital channels, had 338K deep engagements on social media channels, a 20% lift to likelihood to recommend, a 13% lift for purchase intent, and achieved a rate of 60% web traffic that arrived with a purchase intent.
Effective business case strategy drives client budget increase
ISSUE
The virtual instructor-led training (VILT) team for a global software company was faced with management requirements to create an always-on strategy for the following fiscal year. The entire company was facing across-the-board budget cuts and management was strongly considering the cancellation of the program in order to divert more resources to other training programs within the group.
ACTION
A seasoned consultant at MarketScape partnered with the client to develop a business case, which detailed a ‘by-the-numbers’ historical success of the program, demonstrated its cost efficacy against similar classroom trainings, and revealed that there was a recognized broader shift in the industry toward an increase in virtual training. Three strategic options were presented to management for consideration, with supporting data that contained the benefits, challenges, strategic company alignment, and estimated cost of each option. In addition, a complex cost allocation model was developed, including a sensitivity analysis of all cost categories, which allowed the group’s leadership team to understand firsthand the value and scalability of the program. In addition, since the program was based on an online training program, further strategies were developed to increase virtual training modalities (such as professional skills trainings) within the program, as well as “next generation” training concepts to leverage the platform / training environment.
RESULT
The client realized a 50% budget increase for the following fiscal year to roll-out increased training deliveries, and the program is currently serving as a best practices model for similar trainings within the company.