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For Immediate Release
Aberdeen Report on Sales Effectiveness: Getting Back to Selling
New study sponsored by FrontRange Solutions shows Technology, Sales
Management at the center of CRM strategies, capabilities and enablers
used by Best-in-Class companies to improve sales effectiveness and
productivity
Dublin, CA
Thursday, August 09, 2007
Results from a June 2007 benchmark study from Aberdeen Group highlights
what it takes for market leaders to avoid stalled sales and stay ahead
of the crowded field of competitors. Leading companies have focused on
both the sales management process, as well as tools designed for the
individual sales representative, to increase the ability of their sales
organizations to hit quotas and ultimately remain competitive.
A Webinar from an IT service management and CRM market leader, FrontRange Solutions, one of the sponsors of the study conducted by Aberdeen analysts, highlights 10 Proven Ways to Increase a Sales Team's Productivity, including Sales Forecasting and Sales Force Automation.
The
study says that companies are increasingly challenged in their sales
performance by longer sales cycles and low sales productivity.
Specifically, sales teams are missing revenue targets, not hitting
quota and facing stalled opportunities even as their organizations
strive to remain competitive and service increasingly discerning
customers. Titled Sales Effectiveness: Getting Back to Selling,
the Aberdeen survey shows that Best-in-Class (BIC) firms sustaining
exceptional sales performance enable, or are planning to enable several
key processes, performances, and organizational capabilities.
According
to the study, best-in-class companies achieve their leadership status
by jettisoning spreadsheets to track performance, streamlining
processes and centralizing sales information to eliminate “multiple
versions of the truth.” Top performers use technology to integrate
sales processes into the back office; one benefit of which is the
ability to eliminate administrative overheads. BICs are also investing
in formal sales methodologies and information-based processes as a
competitive differentiator.
"In an ever-changing business
environment, it is important for sales management to use all of the
tools at their disposal to create a learning organization and
knowledge-based culture," says Andrew Boyd, SVP and Research Director
at Aberdeen Group. "The research reveals that organizations are
developing knowledge-based cultures through the combination of process
and information enablers. Historically, these two different types of
enablers have been mutually exclusive; however, the research also
suggests that there is currently a convergence of the two underway."
Additional findings from the study include:
- Ninety one percent implement a structured approach to competitive, market, and sales intelligence.
- Ninety six percent create a central repository of account, contact, and opportunity information.
- Ninety five percent utilize formal and documented sales processes.
“The
findings of this study validate what we have observed in the field,”
said Michael McCloskey, FrontRange Solutions CEO. “As the best
practices used by large enterprises and small and mid-size
organizations are solidified, the next natural differentiators are how
they apply knowledge, technology, and performance management for
consistent results. There is no question that processes, technology and
knowledge that are the underpinnings of consistently successful sales
performance.”
About Ticomix, Inc.
Ticomix focuses on the Fusion of Industry Best Practices
and Award-Winning Technology™ to provide premier technology solutions and
services to small to mid-sized enterprises in Midwest
in the areas of Customer Relationship Management (CRM) and Service Desk
Management. The Ticomix mission is to help its clients succeed through
effective technology implementation and management. In addition to being named
one of FrontRange Solutions top HEAT software Partners in 2005 and 2006, Ticomix is a
leading provider of award-winning GoldMine for CRM, ITSM software, built on the ITIL
framework for complete service management, IPCC for communication management,
and IM for comprehensive asset management. Through various technology
partnerships, certifications, and event offerings, Ticomix continues to show
their commitment and dedication to the CRM and service desk industries. For
more information, call 866.842.6649.
About FrontRange Solutions
FrontRange Solutions develops award-winning software and solutions
used by more than 130,000 companies and over 1.2 million users
worldwide to manage a wide variety of business relationships and
provide exceptional service. FrontRange product families, designed
specifically for small-to-medium-enterprise (SME) and distributed
enterprise organizations include: GoldMine® for business relationship
management, team-based contact management and sales force automation
solutions; IT Service Management with HEAT® and ITIL® standards-based
modules for complete service management; Communication Management
including IP Contact Center for reduced telephony costs and increased
agent productivity, streamlined customer service and communications;
and Infrastructure Management, which provides the ability to optimize
the full lifecycle of a company's assets. Customers representing 44
percent of the Fortune 100 and 76 percent of the FTSE 100, include
Coca-Cola, Shell Oil, Prudential Securities, Électricité de France,
Mack Trucks, Campbell Soup, Avaya, Bechtel Corp, Bank of America, and
Turner News Network.
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GoldMine,
HEAT and other FrontRange Solutions products, brands and trademarks are
property of FrontRange Solutions USA Inc. and/or its affiliates in the
United States and/or other countries. Other products, brands and
trademarks are property of their respective owners/companies.
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Media Contact:
Emily Seagren
866.842.6649
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