Archives For SugarCRM

SugarCRM’s third quarter was yet another strong one. The company added 650 new customer companies and continued to grow its momentum in the enterprise market. Annual recurring revenue growth sustained its pace, coming in at more than 45 percent year-over-year, and SugarCRM notched its 12th consecutive quarter of year-over-year billings growth, with a 23 percent increase in the third quarter of 2012.

“As global demand increases for enterprise-wide CRM systems that equip all customer-facing professionals with the insight they need to drive deeper, more relevant customer engagement, SugarCRM is well positioned to carry on its global expansion,” said Larry Augustin, CEO of SugarCRM.

The company’s list of highlights for the quarter is a long one:

Today at JasperWorld in San Francisco, SugarCRM and Jaspersoft are announcing an enhanced alliance that will help bring even greater business intelligence (BI) solutions to our customers around the world.

From a technology perspective, this makes a lot of sense. CRM data is some of the most critical information in any enterprise. Adding the ability to perform even deeper analysis of CRM data, and to couple that data with other business data – is a no-brainer in terms of the insight and predictability it can give a business.

But I think it is important to note how well SugarCRM and Jaspersoft are aligned in terms of how we see the business technology world evolving. I had the chance to listen to Jaspersoft CEP Brian Gentile this morning as he kicked off the JasperWorld 2011 conference. Brian outlined four basic tenets of how technology solutions at the top of the stack are evolving. He noted that modern business tools need to have the following attributes (I am paraphrasing here):

  • Ubiquitous Access
  • A Pleasing, Simple User Experience
  • Powerful Customization
  • User-Generated Collaboration

When I heard this, all of the work we put in to enhancing our partnership made even more sense. While SugarCRM is focusing on the sales, marketing, support etc. side of business users and Jaspersoft focuses on the more generic data analysis side of things – we could not be in deeper agreement or more aligned in our vision.

First off, when it comes to ubiquitous access – Sugar is all over that. With the iPhone app and upcoming tools for other mobile platforms, it is now easier to access CRM data and analysis anytime, anywhere.

I think the amazing work the Sugar engineering team put into making Sugar 6 the most intuitive and modern user interface on the market speaks volumes about the importance we place on user experience.

Also, when it comes to powerful yet simple customization and personalization – no other CRM tool comes close to matching Sugar. From powerful yet simple UI changes, to building custom purpose-built applications with Module Builder and Sugar logic – there is no better platform for application customization than Sugar.

Finally, user-generated collaboration can mean a lot of things. Sugar has worked hard to foster a collaborative environment for our users. Between the Sugar feeds, integrations with web 2.0 tools like Box.net Twitter and LinkedIn, and our new IBM Lotus Live integration that powers online meetings and real-time document sharing, Sugar users can collaborate internally and externally in ways no other CRM can accommodate.

It is great to see that there are technology providers out there that really “get it” when it comes to the knowledge worker of tomorrow. For a generation that grew up online, the tools they use at work need to be powerful yet intuitive, connected and collaborative. We are proud to be able to offer not only that ability in Sugar but also in combined solutions with some great partners.

For people marketing some CRM tools, the job is easy. Well, easier, because most of the established CRM tools were purpose built around what we thought it meant to empower sales, marketing and support agents.

In a lot of ways, this made sense. We tried to hit as many business needs out of the box, and the rest was up to expensive consulting engagements and professional services projects to make a reality.

This is, pardon my French, a really crappy way of building software.

Here at SugarCRM, we have learned from the past mistakes of the application software industry in a lot of ways. Instead of playing “feature wars” with our competitors and thus overwhelming users with a ton of bells and whistles they may (or may not) really need – we are instead creating a highly intuitive platform for building applications they way YOU want to.

This is, really, a fundamental change. Out of the box software was very feature-driven in the past. Now, we want to give businesses tools to easily and quickly morph a blank canvas into a masterpiece of automation and information for their users.

I was reminded of this vision by a great example of how Sugar can be used for virtually anything. Barrett Powell uses Sugar to manage his Real Estate business – not his sales agents or contact center reps. Powell has flexed the Sugar platform to meet his unique processes, and integrated data and features from other systems, creating a very specialized deployment of Sugar that fits his needs perfectly.

For some users, straight SFA features will be perfect. For others, taking the tools we provide and quickly creating a new interaction platform is what makes sense. The best part is that regardless of the project – Sugar offers real value and benefits for the most simple, to the most sophisticated application deployment.

There has been a lot of buzz around the announcement this past week that SugarCRM will now feature a tight integration to IBM’s LotusLive product series.

The integration makes so much sense on a lot of levels, and is a great way to kick off SugarCRM joining IBM’s Global Alliance Portfolio as a cloud services provider. As one of the most scalable, flexible, open (oh, and one of the few truly cloud-based CRM platforms) – we are excited to work together with IBM to bring “smarter” CRM to enterprises around the world.

The first step? Making CRM even more fluid, social and a benefit for end users. We are so far past the days where CRM was a hinderance in the eyes of sales, marketing and support professionals. Now, we truly are an enabling tool – not just a way for management to keep tabs on employees or a point of entry for simple data dumps.

The possibilities with the SugarCRM and LotusLive integration are myriad: sales reps can launch meetings to better explain a product offering, while leveraging document sharing to negotiate contract terms in real time. Support professionals can get closer to the customer, sharing screens to solve problems. Marketing can launch personalized web meetings to the hottest prospects. Companies leveraging the power, flexibility and intuitiveness of IBM and Sugar are limited only by their imaginations. Really.

Interested in making your CRM more social?  Looking to connect in more meaningful ways with prospects and customers? Looking to add even more value and user-benefits into your CRM? Then check out the free trial of the Sugar and LotusLive integration HERE.

This is just the beginning of IBM and SugarCRM working together to make CRM smarter.

Many of you may have taken part, or at least seen the results of our recent Social Media Survey.

Some of the highlights of the survey were interesting, but not all that surprising.  Among them, these points stand out to me:

  • Only 26 percent of respondents said they currently integrate their customers’ social networking information with their existing CRM data.
  • 72 percent of respondents said they plan to integrate their customers’ social networking information into their existing CRM data within the next year.

When you put these two together – it would seem that ideally EVERYONE would be undergoing social CRM initiatives in the coming months. That is a huge opportunity, but also a bit scary. There is an amazing propensity for people to overpay “gurus” and point vendors with no real solution in place, and thus not see results because they did not properly align business goals with the IT work underneath. (Really, there is not much difference between the potential social CRM miscues we could see and the high-level “CRM failures” of the Siebel era.)

The plus side?  A lot of the tools needed to “get social” can be accessed (albeit in a more ad hoc or manual manner) for free. This certainly lessens a lot of the financial risk associated with a new IT initiative.

I had an online chat with InformationWeek’s Dana Blankenhorn and he gets it. In his write up on the survey, Dana points out that this need not be an expensive undertaking.

Overall, I think we can safely say that Social is here to stay…now, the real question is – how will you leverage social in your organization to better your business in 2011?

Ok, I know spreadhseets will always have a place in most small businesses. For finance and other teams, the spreadsheet is THE place to hold information.

But for sales and other departments (and yes, even finance in many cases) the spreadsheet is a breeder of inefficiency and a dark cloud where good ideas and information goes to die…

If you have one New Year’s Resolution for your business – make it to try to make the leap away from spreadsheets and into real CRM. By either making the first step in purchasing a CRM tool, or actually using the tools you’re already paying for – I guarantee* you will see a positive return before 2012 comes around. (Guarantee subject to many, many restrictions ;) …)

Not convinced? Take a look at these business cases – especially the case of the Utah Flash – where organizations ditched spreadsheets and saw their businesses bloom.

Also – SugarCRM is hosting a webinar with partner Loaded Technologies and joint customer Mastersoft  discussing how they were able to make the leap from spreadsheets to full service CRM in no time.

There is no time like the present to get started optimizing your operations and evolving past the dreaded spreadsheet!

Many have probably seen that Salesforce.com has acquired web conferencing tools provider DimDim for $31m. (The rumors of this deal had been percolating since before Dreamforce so for many this was no surprise at all.)

The deal pits Salesforce.com in many ways against some big companies and very popular products – Citrix’s GoToMeeting and Cisco’s Webex, in addition to IBM’s Lotus Live set of offerings. With its recent platform buy in Heroku, and this new move, it is funny to see Salesforce continue to add competitive concerns and look to enter in large markets where it has no clout, rather than look to live above the competition in one market where it already does well. Confident move?  Yes. Smart move?  Well, we’ll just have to wait…

And while the DimDim acquisition clearly places SFDC in competition with the likes of WebEx and GoToMeeting, Salesforce would like to look at this differently. Salesforce instead sees this as a pocket acquisition to bolster its Chatter functionality – a tool it is already basically just giving away to gain some stickiness for its actual paid apps. So, if SFDC does not really see much future for DimDim save for part of what is now a free add-on, then the $31m price was not a huge price to pay to make a cool new collaboration feature a little more robust.

But again, if Chatter is basically free at this point, why buy DimDim? The product was open source under the GPL. Couldn’t SFDC simply create an integration to the free tool and offer up that integration along with a simple installer to add video and screen sharing tools to Chatter?

I think the answer here is two-fold. One, I have not yet seen SFDC do anything that resembles open source. Yes, they have opened up their toolkits and platforms for developers, but everyone does that. There is just not that type of culture alive at SFDC in my opinion. This is a company steeped in the grand history of proprietary software.

The second reason (which is definitely intertwined with the first) is that due to SFDC’s multi-tenant model, adding DimDim-like resources without wholly owning the code would be problematic. As we know, in order for SFDC to really have a tight handle on anything its users touch, it has to run on its monolithic platform. This makes upgrades and other things easy, but does set limitations on how SFDC can go to market with technology it doesn’t own.

It will be interesting to see if the nature of a GPL licensed piece of software sitting inside a huge multi-tenant database has any effect on the way in which Chatter users are empowered to make, own and redistribute changes.

All in all, this is chump change for SFDC, and while it plots them theoretically against big names like Webex, I can’t see Salesforce actually making any huge headway into standalone video conferencing with the DimDim technology – most likely Salesforce.com will only relegate the functionality as a nice add-on to Chatter.

Deploy Sugar 6.1 in the blink of an eye with the new BitNami stack installer for Mac OS.

Check it out HERE.

Thanks as always to the folks at BitNami for making the worldwide SugarCRM Mac contingent more content ;)

I really like talking with CRM journalist and all around smart guy Chris Bucholtz. Whenever we have an interview – it always beings around one topic and very quickly tangents off into a great conversation about what we as an industry could be doing better (as well as some side stops discussing WWII aircraft and strategy).

I especially enjoyed Chris’ take on one of the roadblocks to CRM success – Executive Fear – that he describes in his CRM Buyer piece. These are all great ideas. The notion that too many executives are afraid to take chances is a scary, but all too often true, situation. In a shaky economy, I believe this problem gets amplified, as top-level execs are too frightened to lose positions etc. – and simply go the “safe” route.

So – in your organization are you a CRM leader, follower…or just in the way?

As Chris so eloquently notes in his article – “Best practices are made, not born.” I love this statement. The sales and marketing leaders in your organization have to know what is important (lead generation, pipeline, the bottom line etc.) but cannot be afraid to shake things up a little. Instead of “if it ain’t broke, don;t fix it” mentality, a great CRM initiative should always foster a “how can we continually make this better?” mentality.

There are very few “turnkey machines” in the business world. More often than not, we are not in an organization with the luxury of ubiquity or near total market share – what I’m saying is that we are not all Google basically.

It is not always bad to “follow the leader” in terms of taking on proven CRM best practices. Startups and entrepreneurs can learn from larger, successful organizations while finding their identity. But, once found, companies need to differentiate and create their own killer experiences for their customers, develop new ways to pull in new leads, etc.

In the past, the technology supporting a CRM initiative was expensive and time consuming to deploy, configure and change over time. So, it made sense that a conservative approach won out more often than not. However, with today’s less expensive, ultra-flexible web and cloud-based CRM tools – there is far less excuse to take the safe route.

The tools are here now to better align the imagination of sales, marketing and customer service leaders with the actual technology solutions in place to make it happen.

Some interesting New Years preview articles and blog posts have been written over the past several weeks. But one that really strikes a chord with us at SugarCRM is Denis Pombriant’s recent post for CRM Buyer that discusses how the rising costs of fuel and other issues are affecting how we will execute our businesses in 2011 and beyond.

Denis makes great points – we are simply not going to be making as many “face to face” meetings in the future because the costs are simply to prohibitive. What does this mean for sales and marketing agents? Well, for those sales agents that rely on “close relationship selling” and “spit and a handshake” type deal closing, there are some new challenges coming.

For one, how do we more effectively close when we do not have a captive audience? When all a prospect needs to do is hang up – well, you have to continually provide strong value points to keep the conversation, and the deal, alive.

How does CRM fit in? Pretty simply, the ability to prioritize activities, accounts, contacts etc. – especially if your data is aided by real-time updates from social networks and other sources – can help turn the “face to face” agent into a killer telesales pro in no time.

In addition, greater frequency (and more important – relevancy) of marketing messaging through email campaigns, drip campaigns etc. can help marketing teams keep close tabs on prospects and customers even from afar.

Simply put – while we may not get to see our target prospects as much in the future – that does not mean our sales productivity should diminish either.