Archives For SugarCRM

While we often lump sales & marketing together – the truth is that all too often there are significant gaps in terms of how companies manage the process of turning a B2B prospect into a qualified lead, and passing that lead successfully to the right sales rep. Many factors can come into play that can cause sales and marketing disconnects – however, the good news is that by following a few simple rules, organizations can get sales & marketing teams in sync and keep them that way.

So, here are a few sure fire methods for driving more alignment in your sales & marketing organizations as well as driving more revenue out of every qualified lead:

Agree on Terminology

It seems basic – but without mutually agreed upon definitions of what is – and what is not – a qualified lead, sales can suffer. Many marketing organizations are measured on metrics like lead volume, not lead quality. But by understanding that quality leads are what matters most – sales and marketing staff can come to common terms around lead status (such as a marketing qualified lead versus a sales qualified lead) and adjust marketing activity and expectations accordingly.

Use Data from Sales to Improve Lead Quality

Many times marketing is seen as a one-way street. The marketing team generates leads, throws them “over the wall” to sales, and that’s it. However, it is important to for marketing to both capture post-conversion behavior in addition to demographic and other telling data points. By creating a rich set of data after the lead is qualified, marketing can learn even more about what makes some leads more likely to close, and refine and re-tune marketing efforts to increase effectiveness and reduce overall spend, driving ROI and revenue.

Integrate Marketing and Sales Tools

When performing CRM deployments at even the largest and most sophisticated organizations, we’re often surprised at the lack of cohesion between the tools generating leads and the software sales reps use every day to close those leads. Fortunately, today integration technologies and the design of modern software tools make it easier than ever to create tight-knit, bi-directional integration. This allows marketing to better nurture and re-nurture leads that take time to close, and gives sales better insights into the behavior and information gathering lead go through before engaging in a sales interaction.

Deeply integrated marketing and sales tools, as seen here with data from IBM Silverpop seamlessly embedded into Sugar’s SFA UI, can build bridges between sales and marketing to drive enhanced conversion and close rates.

Deeply integrated marketing and sales tools, as seen here with data from IBM Silverpop seamlessly embedded into Sugar’s SFA UI, can build bridges between sales and marketing to drive enhanced conversion and close rates.

So, these are just three tips and tricks any organization can make in order to better align sales & marketing teams. Ultimately, shared goals and well thought out approaches to process can lead to success, aided by the proper use of technology of course. To see even more tips on driving even more sales from your marketing efforts, check out our free eBook by clicking HERE.

expLast week SugarCRM was the lead sponsor of the Conference Board’s 11th Annual Customer Experience Conference held in downtown NYC. The conference brought together hundreds of cross-functional executives and thinkers responsible for the customer experience at organizations of all shapes and sizes.

In addition to some great keynotes from former Sprint CEO Dan Hesse and Overstock.com president Stormy Simon, SugarCRM CEO Larry Augustin explained to the captive crowd the importance of using a modern CRM as the tool to unify the customer experience across both digital and human touch points.

Overall, the importance of focusing on the “human element,” especially when thinking about optimizing customer experience was a theme that ran throughout the event. During a panel I moderated with executives from Citi, Constant Contact and Sparks Grove – the overarching message was to think of the people at the heart of the equations: the individual customers and the employees trying to help them along their customer journey.

The event was a great way to talk to some business and individuals in various stages of a customer experience transformation. And the fact that so many businesses are considering CRM as a major lynch pin to the success of their customer experience initiatives was great to see.

So, a big “thank you” to the Conference Board for putting on such an exceptional event, and a huge thank you to all the attendees, for all the great interactions and conversations!

channel-cheifs-2015-400.jpgAnyone familiar with CRN’s “50 Most Influential Channel Chiefs” list knows it’s a distinction of honor. So when the announcement came this week that my name was among the most highly accomplished channel executives, I was proud beyond measure for both our channels team and our channel partners. We have a top-notch channel program at SugarCRM and the success our partners are enjoying illustrates how well that program is working.

SugarCRM has a long history of being a channel publisher (that’s “inside baseball” jargon for being a company that sells through channel partners). We started the company 10 years ago and within days of releasing our first version of Sugar in July 2004, a CRM consulting firm named Synolia in France reached out to ask about our channel program. That was the beginning of a very powerful set of partnerships between SugarCRM and over 200 CRM consulting and reselling companies around the world.

Over the course of the last two year years, I and my team have worked diligently to up-level the channel program and add significant new structure to enhance it. We brought our value added resellers (VARs), system integrators (SIs), original equipment manufacturers (OEMs) and independent software vendors (ISVs) under one department and executive leader. This means every partner who represents SugarCRM, embeds Sugar in their own products or integrates with Sugar is now managed by one, fully integrated department. In that time we have also rolled out partner scorecards so each partner can continuously measure their success, established an OEM program and team to work with other software companies that want to embed Sugar in their products, and launched a revamped reseller program with program tiers based on training certification minimums and sales attainment. We also moved our channel partner program up-market, focusing on larger customers and larger partners.

The results speak for themselves. Now, over 60 percent of SugarCRM’s recurring revenue comes from our global channel partners and almost every customer leverages one of our partners, whether a reseller, SI, ISV or OEM partner. We have more than 200 VARs in over 30 countries around the world. We have expanded our channel program to include an OEM partner offering for regional- and vertical-specific solutions with partners like Project Pipeline. And, we’re on track to grow our channel partner program even more this year.

For me, the Channel Chiefs title is validation that the SugarCRM ecosystem of partners continues to be a significant component of the company’s success and our customer’s CRM success.. The implications are just as important for the CRM marketplace itself. Of course, SugarCRM has already proven its mettle as a disruptive player in the CRM market by virtue of its focus on the individual as key in creating extraordinary customer relationships. But just as important, every company that uses CRM must look closely at what differentiates them and implement the right CRM solution that enhances and illustrates those differentiators to their customers. That’s what our partners do for our customers.

From starting the company in 2004 to driving CRM success through our partner ecosystem today, I love every day here at SugarCRM. From the product to the people, SugarCRM is in a league of its own, bucking yesterday’s technology and setting new standards in the industry. This Channel Chiefs accolade is indeed testament to the great success the SugarCRM team and our channel have achieved due to perseverance, innovative thinking and a singular focus on highlighting the customer experience as what’s really important in CRM. I’m proud to share my title of “Influential Channel Chief” with the entire team at SugarCRM and our channel partners, and look forward to our continued success.

Your SugarCRM system is the workhorse of your sales organization. It centralizes customer data and processes, empowering users to better understand and engage with consumers –wherever they happen to be in the pipeline.

But are your users making the most of what the SugarCRM ecosystem has to offer?

Here are three simple tools to drive productivity, shorten sales cycles and improve overall CRM adoption and ROI. Before we turn the calendar to the New Year, resolve to optimize your SugarCRM deployment by adding on these fast, simple integrations:

Electronic Signature – Speed the Sales Cycle

One of the most tedious phases of the sales cycle is the seemingly endless back-and-forth around sales proposals, quotes and contracts. Typically sales agents need to email or (gasp!) fax quotes and contracts to prospects and customers – which delays the close of a sale, and adds unnecessary friction into the sales process. However, with e-signature tools like DocuSign integrated with a CRM system, reps can fire off quotes right from the CRM that are signature enabled. All a customer needs to do is digitally sign, and viola! – the deal is done. No more emailing, printing, signing, scanning, emailing, etc. And, closed deals are inputted right into the CRM system, so reps can immediately see the effect of the deal on their path to quota.

D&B for Sugar: Improve data quality and agent productivity

Sugar is great at managing the flow of leads to sales reps. However, there is an ocean of information available about every prospect and company that is likely not immediately available to a sales rep inside Sugar. By leveraging the breadth of data in D&B for Sugar, sales reps can seamlessly access and consume myriad data points to ensure they have accurate and timely information that can help them be more prepared along every stage of the sales cycle.

D&B for Sugar empowers sales agents with a number of valuable data points around millions of companies, including:

  • The company’s latest financials
  • Recent changes in locations, leadership, regulatory filings
  • Unstructured data such as social media, news and market insight
  • Corporate linkage information
  • Accurate contact information for decision makers
D&B for Sugar makes it easy to quickly create new records from D&B data, and increase data quality in your Sugar instance.

D&B for Sugar makes it easy to quickly create new records from D&B data, and increase data quality in your Sugar instance.

 

CPQ – Simplify Complex Product Sales

Configure, price, quote (CPQ) tools help automate the arduous tasks around configuring product bundles, optimizing pricing, and building compelling sales quotes. Modern CPQ tools like EndeavorCPQ are fully mobile, and highly intuitive – making it easier than ever for sales reps to use. EndeavorCPQ’s system launches from a Sugar quote and guides the sales person through the quoting process, making recommendations and ensuring that all product and pricing is 100% accurate. It saves all quote data back to Sugar and provides the ability to generate a PDF, Word, Excel or email quote for immediate delivery.

EndeavorCPQ embedded into Sugar allows sales agents to quickly and easily configure product offerings and create compelling sales quotes that optimize profit margins.

EndeavorCPQ embedded into Sugar allows sales agents to quickly and easily configure product offerings and create compelling sales quotes that optimize profit margins.

 

These are just three of the myriad tools inside the SugarCRM ecosystem designed to boost sales reps’ productivity, close deals faster, and cut some fat out of the sales process. To see more cool integrations and connectors for Sugar that your team can use to their advantage – check out Sugar Exchange.

So, how will you resolve to optimize your SugarCRM deployment in 2015?

SugarCRM and its global partners gathered in Munich for the first annual Global Partner Summit. The successful two-day summit gave SugarCRM systems integrators, value-added resellers, and key technology partners a chance to share success stories, learn about the latest Sugar-powered technology and compare notes on how to help companies create extraordinary customer relationships.

Over the course of the two-day event, a few themes emerged. One, as evidenced by CEO Larry Augustin, is that CRM is still a “large, under-penetrated market.” While CRM is a mature technology, there are a number of factors that continue to drive opportunity and innovation in this sector. And CRM has never been hotter in the social era! The ever-expanding mid-market segment and their increased understanding of the need for CRM is also helping to fuel the market. Additionally, the replacement market for older products is opening up large opportunity for SugarCRM and its partners as well.

In addition to the overall opportunity, a few high-level technology and business trends are working in the SugarCRM partner network’s favor. On the larrygpstechnology side, the prevailing item is the fact that organizations are beginning to evolve their take on what “the cloud” truly means and how it can facilitate their customer-facing initiatives. First and foremost, companies of all types are getting smarter about cloud and are looking for more flexible solutions that help them leverage cloud tools—but without the harsh limitations of older SaaS offerings.

On the business front, opportunity abounds for SugarCRM and its partners as all kinds of businesses look to alter their CRM strategy in “the age of the customer.” Previous perspectives on CRM were both internally focused on the company and applications focused on management. Modern CRM tools, deployed by CRM expert partners, can help organizations better understand their customers throughout the customer journey, and also delight internal users with far more useful tools than the CRM offerings of yesterday could ever provide. That’s a massive win-win.

Of course, it was not all work in Munich (and how could it be during Oktoberfest?) – as it is well known that SugarCRM has some of the most fun loving, energetic partners on the planet. Evening events, such as a traditional Bavarian feast at the Hacker-Pschorr brewery in the heart of Munich (which turned more into a modern disco by night’s end) helped bring every partner even closer. TMI…let’s move on!

When dancingwe consider the millions of potential users of Sugar – and the fact that these users will span the world and every conceivable industry – SugarCRM’s global partner network is an integral link in the success chain. Our partners are local experts with the CRM knowledge needed to help companies maximize their ROI and drive transformative change across their organizations. Our partners ensure that every deployment is a winner.

A huge thank you to every partner in attendance, as so much of our continued success is due to their efforts. And for those who missed what partners called SugarCRM’s “best Partner Summit ever” –we’ll save you a spot next year! We look forward bringing the entire partner ecosystem back together again for SugarCon 2015 next April in San Francisco, and are excited to build on the success for next year’s Global Partner Summit!

Gartner recently named SugarCRM as a Visionary for the second straight year in its Magic Quadrant for Sales Force mobile_combinedAutomation. Sugar’s innovative mobile user experience, and flexible deployment options were cited as reasons for the continued strong ranking.

Also, SugarCRM took home five awards as part of CRM Magazine’s annual Market Leader Awards thanks to the innovative nature of the software, as well as the way it empowers novel CRM deployments – such as Redglaze Group’s CRM Elite winning deployment.

All this recent recognition got me thinking: what does it truly mean to be a visionary when it comes to CRM? I think, in Sugar’s case, it comes down to three key differentiating points:

Innovative User Experience: Sugar has long been focused on user empowerment – making CRM a mission-critical tool for customer-facing employees, and not a simple data capture mechanism. Sugar’s ubiquitous, intuitive experience across all mobile and desktop touch points is a key differentiator.

Flexible Platform: Hands down, no other CRM provider offers such an open, extensible and scalable platform for CRM. The open nature of Sugar allows any user to customize and integrate with nearly any other data source or application.

Value: In a long-term CRM deployment, value comprises far more than just “what the system costs.” So again, when choosing a more open and extensible platform, the total cost over time is far less than a proprietary app or platform. The available talent around open, standards-based platforms is more abundant and less expensive, and the ease of extension given the lack of proprietary limitations generates greater lifetime value.

I believe that today, CRM is a market in transition. We are starting to see concepts like mobile, big data analytics and cross-departmental process automations shift from “nice to have” aspects of a CRM turn into “must haves.” In my opinion, only the most flexible, scalable, highly user-focused platforms, which provide the most value for the investment – will thrive in this new era of CRM.

Want to hear more about our visionary take on CRM? SugarCRM’s CMO Jennifer Stagnaro will be highlighting some great customer success stories aligned with our vision at Gartner’s Symposium IT Expo event in Orlando, Florida on October 7th.

 

 

The following is a guest post from Jeremy Cox, Principal Analyst, CRM, Ovum.  ext Jeremy Cox

It is always reassuring  when a firm takes its own medicine and uses some of the same portfolio of products that it recommends to its customers. I refer of course to IBM’s global deployment of Sugar, integrated with many of IBM’s Smarter Commerce applications, to support a 45,000+ strong sales force. IBM’s Smarter Commerce portfolio, provides  customers with the tools to create a fully integrated all-channel,  informed and joined up customer experience.  Sugar works together with the Smarter Commerce portfolio and provides the user-centered  interface into all relevant customer information to provide what Ovum calls smart, connected interactions.

The Smarter Commerce story is relevant to multiple industries, both B2B and B2C or combinations. Irrespective of industry there are several common attributes that have to be orchestrated in a coherent manner if firms are to gain advantage from the Smarter Commerce portfolio including Sugar. Every industry is under intense competitive pressure in the face of rising customer expectations, globalization and the impact of social and mobile on customer behaviors and preferences.  The ability to be persistently relevant to customers by providing them with rewarding experiences across any and all channels through which they want to interact with a firm is a massive challenge facing all industries. Some like retail are particularly exposed to disruption as Amazon extends its reach and capacity, or lower cost competitors reach out to customers with more compelling offerings.

The old certainties and ways of doing business call for much deeper thinking and a more coherent approach to omni-channel commerce.

Ovum has identified 8 attributes successful firms orchestrate to gain this level of coherence. These are:

  1. Visionary leadership that seeks to put the customer at the center and orchestrates the firm’s capabilities and improvement initiatives in a coherent, connected way in support of a common goal – creating value for customers. Without this silos will flourish and impede the customer experience.
  2. Visionary leadership is also responsible for an engaged workforce, the second attribute. A workforce imbued with a set of values that builds trust with customers as well as internally with colleagues and the ecosystem of suppliers and partners is a powerful force for fostering great customer experiences. It is not just front line employees that provide moments of truth, but back office, finance, supply and distribution personnel, etc. All can have an impact. IBM’s Smarter Commerce helps connect people and Sugar’s user interface that puts the individual at the heart of the design supports greater workforce engagement and as a result a great customer experience.
  3. The ability to collaborate across and beyond the organization  in the pursuit of value creation and delivery, for customers. IBM Connections together with Sugar helps leverage this critical attribute.
  4. Acute sensing capabilities that drive real time insight and predictive foresight helps everyone in touch with the customer to have meaningful and relevant interactions. It also helps customers who prefer to serve themselves to find what they are seeking with minimal fuss and maximum convenience. The combination of IBM Cognos ,IBM Interact which provides realtime recommendations, IBM Tealeaf and Sugar ensures the right contextual information reaches the right people at the right time and in an intuitive consumable form, irrespective of the device used.
  5. A seamless and integrated customer experience across any channel with no loss of information  provides the true 360 degree  contextual view of the customer. SugarCRM has long advocated a deeper integration with the organization to deliver this. This contrasts with the typical triumvirate view of CRM being – sales, marketing and service (often in that order). That ‘typical view’ adds little value and belongs to the old command-and-control industrial era of the 20th century.
  6. The ability to innovate continuously and refresh the value that customers receive is the other essential ingredient for persistent customer relevance . Firms which succeed at this draw on ideas well beyond the traditional product development team; from customers, partners and the entire workforce. But innovation is not just about new products. It is also about developing new ways of engaging with customers that add greater value and magic moments that turn them into raging fans.
  7. Lean, simplified and connected processes across the value chain or network. The omni channel experience absolutely requires deeper thinking and a more horizontal view of how value is created and streamed across the organization and its ecosystem of suppliers and partners. Simply grafting on new digital channels will lead to failure and frustrate customers.
  8. An adaptive enterprise architecture that provides a coherent visualization of how the organization works as a system to deliver its customer centric vision and goals, is also an important attribute. Tweaking existing business models is unlikely to be sufficient and old legacy systems and legacy thinking will impede progress.

IBM’s Smarter Commerce with SugarCRM supports these attributes either directly or indirectly.  IBM’s Interactive Experience practice can help firms design and think through the detail required to deliver positive and memorable customer experiences across any and all channels. SugarCRM’s services team works in partnership with IBM to help firms take advantage of the highly elastic capabilities of Sugar.

About the Author

Jeremy Cox is principal analyst in Ovum’s global Customer Engagement Practice. Jeremy joined Ovum in July 2012, and quickly established the broader customer-adaptive enterprise context identifying 8 core attributes that organizations need if they are to be persistently relevant to their customers: leadership, an engaged workforce, collaborative, sensing capabilities to generate insight and foresight, a superior customer experience, continuous innovation, connected and frictionless processes and an adaptive enterprise architecture.

@jeremycoxcrm

http://uk.linkedin.com/in/jeremycox/