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Managing a strategicaccount is a complicated balancing act. But to achieve long-term success with a strategicaccount, the customer needs to view you as a trusted partner, which means you need to constantly set yourself apart from the competition by helping your customer achieve their long-term goals.
Why traditional accountmanagement falls short The conventional customer success model, while valuable for retention, often lacks the sophisticated orchestration needed for strategic growth. Traditional accountmanagement typically focuses on reactive support and renewal management rather than proactive expansion opportunities.
The single most important element of accountmanagement and one of the most critical sales skills is proactivity. Yet, unfortunately, far too many farmers or accountmanagers leave too much to reaction or reactivity. The great advantage to accountmanagement is your access to data. Manage them proactively.
As a result, the selling team absolutely must know and strategize for the buying team composition in every major pursuit. Enter DISC, the personality assessment process that provides valuable insights into individual behavioral strengths and weaknesses to help chart a path to effectively communicating with different styles of people.
You may need to change a setting or process in your CRM or cross-platform processes. Companies with no owner by target account : Identifies target accounts without assigned ownership, crucial for strategicaccountmanagement. Processing. Email: Business email address Sign me up!
What is key accountmanagement? And what is the difference between key accountmanagement and sales? Then there is key accountmanagement and strategicaccountmanagement – what is the difference? What Is Key AccountManagement? So what is key accountmanagement?
It’s modest to start, but there’s potential to sell into multiple buying centers, across geographies, and the new product your company is launching will help the customer simplify their processes, increase efficiencies, and reduce strain on their supply chain. But that’s all in the hands of the key account team now.
AI is helping PPC managers focus more on strategic initiatives, such as campaign inputs and back-end management, rather than manual operations. Here’s a closer look at how AI will impact the daily activities of PPC accountmanagers. Increased efficiency and effectiveness? This evolution is exciting!
The answer: Key accountmanagement. In this comprehensive guide to key accountmanagement, you'll learn: The definition of key accountmanagement. How to know whether your company needs a key accountmanagement strategy. The difference between key accountmanagement and selling.
At first glance, the idea of outsourcing strategicaccountmanagement may seem absurd. After all, B2B companies usually define strategicaccounts as their best customers and prospects based on criteria like potential for revenue, profit and growth. Is our strategicaccount target market 100% covered?
When managing top-tier accounts in consolidated markets, it’s critical to work strategically to close more deals. Losing a strategicaccount represents a monumental loss and you may find yourself banging your head against a wall, asking where you went wrong or if you missed early warning signs.
It has prioritized lead and opportunity management over accountmanagement. Guided by both the industry and the CRM solutions they were using, businesses and organizations never really dug into real accountmanagement. A vital key to strategicaccountmanagement is creating value for the customer.
This sales podcast episode is focused on shifting our sales performance management from tactical to strategic. Although there are dozens of strategic shifts we can make, today we are focused on three key levers that can impact your personal and organizational sales performance.
Strategicaccountmanagement and marketing automation: a marriage made in heaven or oil and water? Listen to the podcast for our spirited conversation on this topic and many others—all looking at ways to improve sales and marketing alignment and fix processes that aren’t delivering expected return.
Strategic martech investments Outperformers benefit, but low performers need to address foundational issues first. Outperforming pharmaceutical companies use CRM as strategic martech investments. Processing. Martech high flyers Both outperformers and low performers benefit from increased maturity.
However, building a culture and process around how we respond and manage those problems is critical. Helping define expectations and the problem managementprocess at the very beginning of the relationship is critical to our shared success. Related Posts: What’s Wrong With StrategicAccounts?
StrategicAccountManagement (SAM) is a powerful approach that goes beyond conventional sales tactics, focusing on creating value, fostering trust, and driving mutual growth between businesses and their most valuable clients. What Is StrategicAccountManagement?
While this blog post is essentially written for people on the commercial side (Key AccountManagement, AccountManagers, Marketing, Sales Professionals, etc.), The more you can support the sales process, the more indispensable you are to your company. in today’s newly evolved business environment everyone sells.
Are you a B2B accountmanager or sales executive who is serious about account-based sales or account-based marketing (ABM)? To win new business and grow key accounts, accountmanagers and sales executives must become thoroughly invested in their customer’s challenges, goals, and competitive landscape.
It highlights the need for human input in developing and optimizing these systems, as well as the importance of understanding and guiding the system’s learning process: Trainer : Continuously refine machine learning systems, setting parameters and guiding their learning processes. Processing. Identifying new opportunities.
By 2026, these same AI systems will have evolved to manage entire sections of the sales process autonomously. Strategic Guidance : AEs will become trusted advisors rather than information sources, as prospects will already have baseline knowledge from AI interactions. And that will require accountmanagement by humans.
Using just one campaign is also common for medium-sized accounts, particularly those with high-end products, high average order values (AOV) or in service-based industries like SaaS and insurance, where CPCs and CPAs are high. Accountmanagers often segment for the sake of segmentation. Processing. See terms.
P rocess: Is there a documented process for reps to follow? That’s where the 4 Ds come in: Define : Clearly define what good looks like (WIGL) for each behavior, skill, and process. Every week, the leadership team dedicates an hour to refining call scorecards, pipeline checklists, and deal inspection processes.
In this new environment, long-term success for SaaS vendors depends not just on product quality, but on how deeply their platforms are embedded into clients’ daily operations and strategic goals. Limited strategic alignment: When vendors aren’t involved in evolving needs, their products risk becoming misaligned and dispensable.
Early days Explaining your process and keeping your clients informed regularly in the early days of working together is really important. This stability fosters trust and allows for more comprehensive, strategic planning. Processing. Regular, transparent communication helps clients feel informed and involved in the process.
Your intake form is critical to this process after all, garbage in, garbage out applies to operational data, too. With the right technology and systems, intake and data collection can become powerful strategic tools. For instance, you may not have a well-established prioritization process currently. if X, then Y).
In 2011, I was asked to help a client’s strategicaccountmanagement team improve their results. Modern Approach: Strategic Value. That brings us, finally, to Level Four , the strategic level of value. But that wasn’t the strategic outcome the CMO needed. Do Good Work. Get the Free eBook!
5 Ways to Uncover StrategicAccount Revenue. Revenue growth in B2B enterprise accounts has always been challenging. Uncovering untapped revenue demands that organizations rethink outdated methodologies, processes, and technologies that don’t focus specifically on optimizing revenue in strategicaccounts.
In today’s dynamic business landscape, various accountmanagement roles plays a pivotal part in maintaining customer satisfaction, driving revenue growth, and fostering lasting business relationships. Accountmanagement roles encompass a range of responsibilities that require a unique blend of skills and expertise.
Before attempting to develop a key accountmanagement strategy, you must know how to identify these key accounts. Accurate identification will help you avoid rashly categorizing tail accounts as having strategic value. Let’s examine what strategicaccountmanagement is and the best ways to approach it.
Most corporations have strict procurement processes that could be easier to navigate. However, if you, as an SEO, understand this process and are prepared, then it can go smoother. I have been through this process for five different enterprise companies, and I have to say that it’s never easy.
To me, there’s really only one purpose, it’s to maximize our share of account. I approach the account planning process with one thought in mind, “It’s my God give right to 100% share of account!” ” The process of account planning, with this perspective, is very powerful.
She takes the monotonous process tasks out of the pipeline, freeing up the rest of the team to focus on high-value tasks. Client health monitoring: Fallon ensures consistent client engagement by constantly monitoring client activity and satisfaction levels, and providing real-time insights and alerts to accountmanagers.
The way customers buy is changing, the complexities of our own products and solutions, the broad range of people involved in the customer buying process mandates a different approach to selling and careful reconsideration of how we define the role of account and territory managers.
Bundle strategically to increase deal size and deliver more value Bundling is a high-ROI tactic that helps increase average deal size while enhancing the buyer experience. Its one of the most strategic ways to drive incremental revenue, especially when youre selling solutions that directly improve efficiency, profitability, or scalability.
Still, many brands are held back by manual processes, disconnected systems, and lack of insights. Learn more about: Understanding agentic AI Agents for sales Agents for key accountmanagement Agents for retail execution Agents for customer service Are you ready to build agents for your consumer goods brand? Back to top.)
Clarify the difference between customer lifecycle and customer journey The lifecycle is the overall relationship between customer and company, while the journey is how they experience the product and purchase process. Make revenue operations a strategic priority GTM ops and finance must work from a single model of truth.
. “We don’t transfer these calls to managers, I have to send a note to a manager and someone will get back to you. ” They had designed a process that enabled them to manage the workflow and priorities in a way that made them most efficient. The problem was, it made me very inefficient.
Agents should have the same holistic view of customer interactions , via your customer relationship management (CRM) platform, as the sales, marketing, and accountmanagement teams. When used strategically, AI-powered upselling and cross-selling can transform your contact center into a sales powerhouse.
When these large, strategic deals closed, our team and the company celebrated the success. I thoroughly enjoyed my time as a strategicaccountmanager, but the upside was limited, and I was looking for new challenges. ” I decided to “package” up my experience in people, processes, and technology.
How to pivot, strategize, and coach. Sales development managers shoulder a host of responsibilities, but their biggest job is to coach their reps. This involves spending 1:1 time with their people to help them strategize, brainstorm, and develop their communication and selling skills so they can grow your pipeline.
They are usually executives or managers who have a broad understanding of the company’s goals and objectives. They base their decisions on factors such as market trends, financial performance, strategic growth, and customer needs. A Champion is the person who acts in the buying process but does not have the power to say yes.
Much of this thinking drives an “account maintenance” philosophy, as a result, we tend to look towards “farmers” or relationship builders as our accountmanagers. This thinking causes us to miss huge growth opportunities, and short changes the account of the value we might create with them!
Recruiting and interviewing strategic candidates and attending case-study interviews for individual contributors. Demand generation, strategic alliances, marketing, sales, accountmanagement, customer success, and solution engineering will all roll up to the CRO to assign complete and unquestionable accountability over the revenue lifecycle.
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