11/05/2024 | News release | Distributed by Public on 11/05/2024 09:14
This CDP Gold Accredited Provider of environmental solutions helps organizations around the world achieve their climate action goals.
In the rapidly growing world of environmental solutions, the Americas division of this global client needed a sales strategy to help scale its exponential growth.
Protiviti partnered with the client to develop a scalable customer growth strategy grounded in market potential by segmenting prospects and customers into strategic segments that align to potential. We also developed a target operating model addressing organization structure, CRM requirements, reporting capabilities, and a strategic account management approach.
With a data driven sales strategy in place, the client saw a 25% improvement in lead conversion rates in just six months; improved client retention rates by 15% YOY, and reduced sales time spent on administrative work by 30%. It also introduced a growth path for traders, creating a clearer line of sight to growth that positively impacted employee satisfaction and retention.
This European-based client, a global leader in the climate action industry, was experiencing exponential growth in its Americas division. Recognizing the need to ensure the organization was positioned to continue to sustain this growth trajectory, the client needed to develop a sales structure built on market potential and distribute sales team management and functions to continue to capitalize on the nimble nature that spurred original growth. To accomplish this, the client needed to start on the ground floor, establishing and prioritizing prospects, and redistributing accounts based on their likelihood to buy. In establishing the baseline, the sales technology stack could be evaluated and evolved to support growth requirements, including the incorporation of management dashboards and governance mechanisms to ensure that the data was incorporated and leveraged throughout the sales cycle.
To address these issues, Protiviti Digital built a robust sales strategy that identified market potential in new and existing accounts, distributing them across a redesigned sales organization, optimized in pods, using improved data capabilities and a laser-like focus to pursue new targets.
Working with the client's CFO, we assembled a cross-functional team specializing in market analysis, complex business buyer behavior, sales technology stacks, and operational efficiency. The team embarked on a comprehensive journey that began with an in-depth market analysis to identify untapped opportunities and customer segments. Our objectives included combining technology and data to form an automated sales backbone that would enable opportunity identification while creating a sales desk structure built on accountability and focus. Key activities included:
The outcome was a modular strategy that prioritized developing core capabilities around a trusted data platform, a defined organizational structure, and operational strategy to apply data to prioritize prospects and customers with highest probability to buy. Additional foundational and enabling components introduced more synergies with demand generation efforts to drive opportunity into the newly developed sales pods for faster conversion and expansion.
Within months, the restructured sales strategy began generating concrete results for this client:
Through meticulous planning and expert execution of a tailored sales strategy, this client built a robust sales network, overcame substantial market challenges, and positioned itself strategically for sustained growth in an increasingly competitive industry landscape.
25%
Improvement in lead conversion rates in six months
30%
Reduction in time spent on administrative tasks
15%
Improvement in customer retention rates year-over-year