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How CenturyLink Transformed
Sales Effectiveness to Increase
Customer Retention
John Serdinsky, Director Sales Effectiveness, CenturyLink
Praful Saklani, CEO, Pramata
June 9, 2015
CenturyLink: Global IT Solutions Partner
Confidential 2015 Pramata Corp.2
2008 2011-2012 2013-20141930
FORTUNE 158
TOP 3
COMMUNICATIONS PROVIDER
20% WORLD’S
INTERNET TRAFFIC
$18B REVENUE
48,000 EMPLOYEES
98% FORTUNE 500
CenturyLink North American Network
and Data Centers
Confidential 2015 Pramata Corp.3
• Connected to 45 North American data centers
• Plus another 200+ third party data centers
• Own and operate ~240,000 U.S. fiber route miles
DATA CENTERS
DATA CENTERS
CenturyLink International Network
and Data Centers
Confidential 2015 Pramata Corp.4
• Connected to 12 international data centers
• Plus another 200+ third party data centers
• Own or lease over 280,000 international fiber route miles
CenturyLink Business
Confidential 2015 Pramata Corp.5
FLEXIBLE/
AGILE
EXPERIENCED
+ +
EXPANSIVE
PORTFOLIO
COLLABORATIVE
+
• Approximately 1,500 Frontline Sales Professionals
• Over 6,000 Salesforce.com users
• Plus another 2,000 Partner users
Our Current Strategic Objectives
• Retain and grow enterprise customers to fuel profitable
revenue growth
• Increase share of wallet within our enterprise customers
• Acquire new customers through targeted hunting
• Drive more solution selling of strategic products such as
hosting and managed services
• Engage with customers based on 360° view of both
legacy and acquired accounts
Confidential 2015 Pramata Corp.6
Sales Effectiveness Overview
Confidential 2015 Pramata Corp.7
Contacts Locations
Accounts
Contracts
Orders
Disputes
Repair
Tickets
Social
Customers
• The CenturyLink Sales Effectiveness
practice is focused on driving sales and
revenue growth in the business segment
by leveraging excellence & alignment in
the following functional areas:
Retention is the Foundation for Our Growth
Confidential 2015 Pramata Corp.8
MRR Sales
Retaining enterprise
customers is critical to
ensuring revenue growth
in the mature marketplace
for voice and data
Churn
MRR
A “Hands On” Approach Retains More Revenue
Confidential 2015 Pramata Corp.9
Historical data shows that we retain 27% more revenue
when sales professionals actively work expiring contracts…
Opportunities Worked by
Sales Professionals
Billing prior to expiration
Opportunities Not Worked
by Sales Professionals
Billing after expiration
0% -27%
“Hands On” Engagement – and Customer Retention
– Suffer Due to Imbalance of Non-Selling Time
Confidential 2015 Pramata Corp.10
“The hardest part is to
understand what’s going on at
the customer. This gives a lot of
information to “start” my
research.”
Enterprise Sales Professional
“I can look holistically this way
and treat my customers as one
business.”
Global Sales Professional
“…This whole thing makes me a highly paid
Admin. 4 days a week, I am cemented to my chair
typing on the computer. Is this what you want?”
Global Sales Professional
“I spend more time internally
focused on SFA, POM, Blue
Sheets, retention/renewals,
technical approvals, etc. than
I do selling to the customer.
In my mind, it should be the
other way around.”
Enterprise Sales Professional
“It has the upcoming
expiration and also other
opportunities so I don’t
need to contact the
customer twice.”
GES Sales Professional
25%28%
47%
DIRECT
INDIRECT
NON-SELLING
“If I had the ability to pull up the
contract myself it would be
more efficient.”
Global Sales Professional
“This has everything I
need to call someone..”
GES Sales Professional
Empowering the Retention Process with
Data from Contracts
• Less time hunting for data, more time selling
• Quickly identify expiring deals and renewal opportunities
• Contract and document hierarchy
• Integrated with billing and CRM data
• Accurate and up-to-date
• Presented within SFDC
• Identify -> create opportunity with one click
Confidential 2015 Pramata Corp.11
Pramata in CenturyLink SFDC
Confidential 2015 Pramata Corp.12
First Phase Implementation in Seven Months
Confidential 2015 Pramata Corp.13
Sales team efficiency: Elimination of cover sheets for all new contracts
Sales Ops Efficiency: Elimination of contract entry into iLink
Sales Team Efficiency: Reduced time searching for and requesting contracts
Estimated Time To Complete a Cover Sheet
Hours Saved by Eliminating Cover Sheets
Estimated Time To Enter Contract into iLink
Hours Saved by Eliminating iLink Contract Entry
Estimated Documents Accessed per Year
Amount of Time Saved per Document
Total Hours Saved per Year
250,000
3 Minutes
12,500
30 minutes
14,000
10 minutes
4,667
$1.5 million
revenue
contribution
in year one
4.5% improvement
in retention of at
risk revenue
15% increase in
active selling time
325,000 contracts/
49,000+ customer
relationships
loaded into
Pramata
Confidential 2015 Pramata Corp.14
High Impact + Positive Change
Extensive Field Survey 2014
38%
33%
8%
7%
7%
4%
3% Other
Pramata
BSG/CTS SFDC Consolidation
CPQ
SDP Enhancements
Confidential 2015 Pramata Corp.15
Most Impactful Change
Extensive Field Survey 2014
Word Count
Time 86
Contract 69
Pramata 63
Sale 60
Help 54
AC 51
Process 50
Order 46
Year 42
More 41
Here 39
New 38
CPQ 33
Easier 31
Last 30
Work 30
SFA 30
Key Questions That Drive Revenue
Retention and Growth
Confidential © 2015 Pramata Corp.16
Are there any volume
commitments associated
with this customer?
Are there unique
commitments that I
need to know about?
When should I engage
based on expiration dates?
What is the core
documentation I already have
in place? ?
Is there a clean master I
can use for this deal?
What percentage of
revenue from this customer
is strategic?
Is this a good target for selling
additional services?
What discounts are have
already been approved?
Iterative, Three Phase Approach to Using Data
from Contracts to Help Improve Retention
Confidential 2015 Pramata Corp.17
Rapidly organize
contract
documents and
customer data in
a central place
Provide a deeper
understanding of
the customer
inside CRM by
integrating billing
data with contract
data to
Drive sales team
outcomes through
guided selling by
leveraging current
customer data for
context-based
actions, predictive
analytics, and
Customer 360
1
2
3
2014 Current Next 12 months
Building Momentum in the Second Phase
Implementation
Confidential 2015 Pramata Corp.18
 35% increase in the number of retention opportunities
identified and created
 25% increase in the number of users creating opportunities
 29% increase in “won” opportunities
 51% of sales team survey respondents saving time getting
‘the right’ customer information
✔ 10 – 15 minutes of sales reps’ time saved per opportunity
A Single Version of the Truth Across the
Company
Confidential 2015 Pramata Corp.19
Sales
Operations
USER COMMUNITIES
Operations
Legal Finance
Sales
Tools & Technologies Help Sales
Be More “Hands On”
Confidential 2015 Pramata Corp.20
Create a coherent, single view
of our customers, regardless of
legacy company or services,
that can be used by anyone
who engages with a customer.
Contacts Locations
Accounts
Contracts
Opptys
Orders
Disputes
Repair
Tickets
Social
Customers
Pramata
Salesforce.com
CPQ
Docusign
Salesforce.com creates the
single pane of glass for our reps
and support resources to
understand all aspects of
customer interaction
Two Companies, One Team
Confidential 2015 Pramata Corp.21
Sales
Operations
Operations
Legal Finance
Sales
• Close collaboration and
discovery
• Partner mindset from the
start
• In real time and against
project milestones
• Iteration and refinement
based on real data and
user feedback
THANK YOU!
John Serdinsky
John.Serdinsky@CenturyLink.com
Praful Saklani
praful@pramata.com

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CenturyLink Webinar: Transforming Sales Operations to Increase Customer Retention

  • 1. How CenturyLink Transformed Sales Effectiveness to Increase Customer Retention John Serdinsky, Director Sales Effectiveness, CenturyLink Praful Saklani, CEO, Pramata June 9, 2015
  • 2. CenturyLink: Global IT Solutions Partner Confidential 2015 Pramata Corp.2 2008 2011-2012 2013-20141930 FORTUNE 158 TOP 3 COMMUNICATIONS PROVIDER 20% WORLD’S INTERNET TRAFFIC $18B REVENUE 48,000 EMPLOYEES 98% FORTUNE 500
  • 3. CenturyLink North American Network and Data Centers Confidential 2015 Pramata Corp.3 • Connected to 45 North American data centers • Plus another 200+ third party data centers • Own and operate ~240,000 U.S. fiber route miles DATA CENTERS
  • 4. DATA CENTERS CenturyLink International Network and Data Centers Confidential 2015 Pramata Corp.4 • Connected to 12 international data centers • Plus another 200+ third party data centers • Own or lease over 280,000 international fiber route miles
  • 5. CenturyLink Business Confidential 2015 Pramata Corp.5 FLEXIBLE/ AGILE EXPERIENCED + + EXPANSIVE PORTFOLIO COLLABORATIVE + • Approximately 1,500 Frontline Sales Professionals • Over 6,000 Salesforce.com users • Plus another 2,000 Partner users
  • 6. Our Current Strategic Objectives • Retain and grow enterprise customers to fuel profitable revenue growth • Increase share of wallet within our enterprise customers • Acquire new customers through targeted hunting • Drive more solution selling of strategic products such as hosting and managed services • Engage with customers based on 360° view of both legacy and acquired accounts Confidential 2015 Pramata Corp.6
  • 7. Sales Effectiveness Overview Confidential 2015 Pramata Corp.7 Contacts Locations Accounts Contracts Orders Disputes Repair Tickets Social Customers • The CenturyLink Sales Effectiveness practice is focused on driving sales and revenue growth in the business segment by leveraging excellence & alignment in the following functional areas:
  • 8. Retention is the Foundation for Our Growth Confidential 2015 Pramata Corp.8 MRR Sales Retaining enterprise customers is critical to ensuring revenue growth in the mature marketplace for voice and data Churn MRR
  • 9. A “Hands On” Approach Retains More Revenue Confidential 2015 Pramata Corp.9 Historical data shows that we retain 27% more revenue when sales professionals actively work expiring contracts… Opportunities Worked by Sales Professionals Billing prior to expiration Opportunities Not Worked by Sales Professionals Billing after expiration 0% -27%
  • 10. “Hands On” Engagement – and Customer Retention – Suffer Due to Imbalance of Non-Selling Time Confidential 2015 Pramata Corp.10 “The hardest part is to understand what’s going on at the customer. This gives a lot of information to “start” my research.” Enterprise Sales Professional “I can look holistically this way and treat my customers as one business.” Global Sales Professional “…This whole thing makes me a highly paid Admin. 4 days a week, I am cemented to my chair typing on the computer. Is this what you want?” Global Sales Professional “I spend more time internally focused on SFA, POM, Blue Sheets, retention/renewals, technical approvals, etc. than I do selling to the customer. In my mind, it should be the other way around.” Enterprise Sales Professional “It has the upcoming expiration and also other opportunities so I don’t need to contact the customer twice.” GES Sales Professional 25%28% 47% DIRECT INDIRECT NON-SELLING “If I had the ability to pull up the contract myself it would be more efficient.” Global Sales Professional “This has everything I need to call someone..” GES Sales Professional
  • 11. Empowering the Retention Process with Data from Contracts • Less time hunting for data, more time selling • Quickly identify expiring deals and renewal opportunities • Contract and document hierarchy • Integrated with billing and CRM data • Accurate and up-to-date • Presented within SFDC • Identify -> create opportunity with one click Confidential 2015 Pramata Corp.11
  • 12. Pramata in CenturyLink SFDC Confidential 2015 Pramata Corp.12
  • 13. First Phase Implementation in Seven Months Confidential 2015 Pramata Corp.13 Sales team efficiency: Elimination of cover sheets for all new contracts Sales Ops Efficiency: Elimination of contract entry into iLink Sales Team Efficiency: Reduced time searching for and requesting contracts Estimated Time To Complete a Cover Sheet Hours Saved by Eliminating Cover Sheets Estimated Time To Enter Contract into iLink Hours Saved by Eliminating iLink Contract Entry Estimated Documents Accessed per Year Amount of Time Saved per Document Total Hours Saved per Year 250,000 3 Minutes 12,500 30 minutes 14,000 10 minutes 4,667 $1.5 million revenue contribution in year one 4.5% improvement in retention of at risk revenue 15% increase in active selling time 325,000 contracts/ 49,000+ customer relationships loaded into Pramata
  • 14. Confidential 2015 Pramata Corp.14 High Impact + Positive Change Extensive Field Survey 2014 38% 33% 8% 7% 7% 4% 3% Other Pramata BSG/CTS SFDC Consolidation CPQ SDP Enhancements
  • 15. Confidential 2015 Pramata Corp.15 Most Impactful Change Extensive Field Survey 2014 Word Count Time 86 Contract 69 Pramata 63 Sale 60 Help 54 AC 51 Process 50 Order 46 Year 42 More 41 Here 39 New 38 CPQ 33 Easier 31 Last 30 Work 30 SFA 30
  • 16. Key Questions That Drive Revenue Retention and Growth Confidential © 2015 Pramata Corp.16 Are there any volume commitments associated with this customer? Are there unique commitments that I need to know about? When should I engage based on expiration dates? What is the core documentation I already have in place? ? Is there a clean master I can use for this deal? What percentage of revenue from this customer is strategic? Is this a good target for selling additional services? What discounts are have already been approved?
  • 17. Iterative, Three Phase Approach to Using Data from Contracts to Help Improve Retention Confidential 2015 Pramata Corp.17 Rapidly organize contract documents and customer data in a central place Provide a deeper understanding of the customer inside CRM by integrating billing data with contract data to Drive sales team outcomes through guided selling by leveraging current customer data for context-based actions, predictive analytics, and Customer 360 1 2 3 2014 Current Next 12 months
  • 18. Building Momentum in the Second Phase Implementation Confidential 2015 Pramata Corp.18  35% increase in the number of retention opportunities identified and created  25% increase in the number of users creating opportunities  29% increase in “won” opportunities  51% of sales team survey respondents saving time getting ‘the right’ customer information ✔ 10 – 15 minutes of sales reps’ time saved per opportunity
  • 19. A Single Version of the Truth Across the Company Confidential 2015 Pramata Corp.19 Sales Operations USER COMMUNITIES Operations Legal Finance Sales
  • 20. Tools & Technologies Help Sales Be More “Hands On” Confidential 2015 Pramata Corp.20 Create a coherent, single view of our customers, regardless of legacy company or services, that can be used by anyone who engages with a customer. Contacts Locations Accounts Contracts Opptys Orders Disputes Repair Tickets Social Customers Pramata Salesforce.com CPQ Docusign Salesforce.com creates the single pane of glass for our reps and support resources to understand all aspects of customer interaction
  • 21. Two Companies, One Team Confidential 2015 Pramata Corp.21 Sales Operations Operations Legal Finance Sales • Close collaboration and discovery • Partner mindset from the start • In real time and against project milestones • Iteration and refinement based on real data and user feedback

Notes de l'éditeur

  1. $4b to $18b scale in 2009-2015
  2. More comprehensive approach to planning and iterating Data feedback across the various building blocks Agile- defining most important processes ---- Faster delivery All of the items in the arsenal-= --- Tech is one element, process, data, comp(!) FORRESTER NUMBER OF COMPANIES BEING TRACKED FOR SALES ENABLEMENT
  3. % of next year’s revenue expected from current customer- >80% -- 3 month interval
  4. Old process? Do we have a flow showing lack of access? Or quotes? How did we go from not being able to find it, or know what was in it to the current state -- Everything is available, parent child relationships
  5. From the 2014 survey, sales reps verbatims: a very effective process change for handling contracts and other documentation. Has decreased the order processing time for me in the post-sale world as the contracts and other documentation is available almost immediately “has taken 3 – 5 days off time to submit docs vs iLink” “save a tremendous amount of time searching for contracts and keeps them all in one place for easy access”
  6. Pramata is one way we’re working to provide you with a complete, 360 degree view of your customer. We are creating views in Salesforce.com that put the customer at the center of everything we do, and allow you to manage all of your interactions with customers from basic contact info through to orders, disputes, and collections activity. We’re using Salesforce integrated with other tools that do certain things especially well – BigMachines for CPQ, Pramata and DocuSign for contracts, and iSell for customer news and intelligence. These are all best-in-class tools we’ve invested in.
  7. We were able to keep up momentum because we were always ahead of our objectives, and the results were compelling