Daniel Bornstein & Ian Faison 37 min

Illuminating the Dark Funnel


On this episode, Daniel discusses the importance of fostering organic lead flow, the secret sauce of service lines, and how SaaS invented RevOps.



0:00

[MUSIC]

0:06

Welcome to Rise of RevOps.

0:08

I'm your face on CEO of Castamine Studios,

0:11

and today I am joined by special guest Daniel.

0:13

How are you?

0:14

Good. How are you, Ian?

0:15

Thanks for having me.

0:16

Yeah, excited to have you on the show,

0:18

excited to chat about all things GenPact,

0:21

and how you think about RevOps.

0:23

As a VP, it is top of mind.

0:25

Let's get into it.

0:27

How did you get started in revenue operations?

0:30

Well, it's interesting because I would argue that revenue operations is a

0:34

fairly modern construct,

0:36

which was really an invention of SaaS companies,

0:40

which I think is interesting as well.

0:42

But for me, I was in graduate school in London,

0:47

and most of my classmates were going into consulting companies and investment

0:54

banks,

0:55

and I had started out working in Web 1.0 startups.

0:58

Following graduate school and in graduate school,

1:01

I really wanted to work in tech.

1:02

I worked at Google for five years in the European office,

1:06

and then in New York, and then back in Europe.

1:08

Back then, I don't think revenue operations,

1:11

I say back then about 15 years ago,

1:13

was defined in the same way.

1:15

So for me, I started out in sales,

1:19

and very quickly I moved into management.

1:22

So I've been in management in different facets my entire career,

1:27

and management in sales constitutes strategy on some levels.

1:31

So to me, I think that's part of the revenue operations piece,

1:35

and as the industry evolved,

1:37

and that's kind of how I got into it from that side of it.

1:39

What's your definition of revenue operations?

1:42

My definition and the actual definition are probably not too far off.

1:46

I would call it the revenue ops is the holy trinity

1:51

of sales, marketing, and customer success.

1:55

And I think that's right in the sense that common wisdom

2:00

is those three departments of an organization working together

2:05

in the most seamless manner,

2:07

all of them accountable to revenue.

2:10

I think that's right.

2:11

However, I do think that there's nuances, right?

2:15

So I mentioned a few moments ago, SaaS.

2:19

So it's pretty interesting because my take and other people may disagree

2:24

is that this construct of revenue operations,

2:27

and customer success, and marketing, and sales,

2:30

and go to market more generally,

2:32

has been an invention of SaaS companies.

2:35

But what about other companies that are not SaaS,

2:38

that maybe are services companies that are B2B,

2:41

or companies that are B2B to see, like Google or Meta, right?

2:46

Those companies also sell to businesses,

2:48

but their go-to-market motion may not be the same as SaaS.

2:52

So what are those differences, and how do those articulate themselves?

2:56

And I remember about 10 years ago, I had a friend

3:00

who's been in hardcore SaaS,

3:03

TechSail's his whole career.

3:05

And he said to me, "We would never hire somebody

3:08

that comes from digital advertising,

3:10

because they don't know what they're doing.

3:14

They wouldn't understand how to sell technology.

3:16

It's too complicated for them.

3:18

They're the wrong profile."

3:20

And I actually think that's wrong.

3:22

And I do think that there are some synergies,

3:24

for example, between SaaS B2B and B2B digital advertising,

3:30

in the sense that they may both be focusing on small and medium-sized

3:34

businesses.

3:34

So what is the go-to-market there, and how does it parallel, right?

3:38

Or how does it not parallel?

3:40

Where does an SDR, BDR make sense, and where it doesn't make sense?

3:44

So I think that's pretty interesting.

3:46

It's kind of a long way of saying that the industry seems to be shaped

3:51

by the point of view of SaaS.

3:53

And I think it would be helpful to get other points of view

3:56

when you think about revenue operations as a discipline.

3:59

And zoom in out, what does GenPAC do,

4:01

and how have you organized your RevOps team?

4:03

So GenPAC, many people may not know, GenPAC.

4:06

So I'll give you sort of a brief one-on-one.

4:09

We are defined as a multinational consulting and professional services firm,

4:16

which is to say part of our business is management consulting,

4:20

and you may be familiar with some of the big names in that industry.

4:22

In fact, we were recently named as the top management consulting firms in the

4:26

world.

4:26

The second part of our business is professional services,

4:29

which means we take areas where we have deep domain,

4:32

and we do work on behalf of our clients to optimize their operations

4:37

or to do digital transformation, moving them to the cloud,

4:41

or to create a target operating model for a financial transformation.

4:46

So that's kind of what we do as a company.

4:48

We were started in 1997, and in fact, we were part of General Electric,

4:53

which is in very, in a lot of ways, an iconic American company.

4:56

And a lot of the success of GE actually was a product of what's called Lean Six

5:03

Sigma.

5:04

So you've probably heard that term before, and I'm assuming some of your

5:07

listeners know what it is,

5:09

but maybe don't know it intimately, but to really kind of simplify it,

5:13

it's a way of optimizing and improving process efficiency,

5:18

which makes any company more efficient.

5:20

And that's something that Gen Pack practiced on behalf of GE.

5:23

And then in 1997, we were created in 2005, we spun out of GE in 2007,

5:30

we listed publicly on the New York Stock Exchange,

5:32

and we're a multi-billion dollar company with over 100,000 employees all over

5:37

the world.

5:37

And we do this work now for approximately 800 companies in a very large

5:42

percentage of the Fortune 500.

5:44

So it could be a lot of things.

5:47

It could be helping them create a target operating model to create cost

5:50

efficiency.

5:51

It could be helping a large social media platform moderate content.

5:56

It could be helping a manufacturing company with their supply chain.

6:00

And the list goes on and on. And in fact, in the SaaS space,

6:04

we actually help companies become more efficient when it comes to sales,

6:09

generating leads end-to-end, inside sales, SDR work, that sort of thing.

6:14

So, and then for us, I think the second part of your question is,

6:17

how do we think about revenue operations?

6:20

We're a large company, right?

6:21

If you want to say a large company, I mean companies that have our size of

6:25

employee base, 100,000 plus.

6:26

And so we do have customer success, right?

6:30

We certainly have sales and we certainly have marketing.

6:33

And those three divisions, 100 percent work together.

6:37

I think what's interesting, and I'll just give you one data point that I find

6:42

fascinating about

6:43

GenVAC specifically, is that for us, the definition of customer success is

6:49

everything, right?

6:51

And what I mean by that is that we have a set amount of accounts that are very

6:57

strategic

6:58

to us. And for those accounts, we put very, very senior people on them, right?

7:03

So if you think about like a traditional SaaS company, they may have, let's say

7:09

, I don't know,

7:09

100 million dollar run rate SaaS company, maybe they've got five SDRs, 12 AEs,

7:17

two VPs,

7:18

and five customer success managers, right? I'm making this up, but let's just

7:22

say it's correct

7:23

directionally. Those customer success managers, they're probably going to be

7:28

people between,

7:29

let's say, from an experienced perspective, four to 15 years experience,

7:35

something like that,

7:36

right? At the high end. What we actually do is we look at our strategic

7:40

accounts and we put our

7:42

most senior people on those accounts. So for example, somebody with 20, 25

7:46

years experience

7:47

who has either been in consulting professional services or maybe client side,

7:52

and we tend to

7:52

deal with a lot of C-suite. So when we're dealing with a C-suite, we bring

7:56

somebody with a pedigree

7:57

in the document to match and we invest in those accounts to grow them and to be

8:03

a trusted partner.

8:04

So I think that's where we differentiate, I would argue, for the better, is

8:08

that investment

8:09

in growing those accounts, but more so providing solutions to problem

8:13

statements and helping

8:14

companies grow more efficiently as time goes on. Yeah, that's super fascinating

8:19

and so cool to

8:20

hear from a big company perspective and all of that piece. Within RevOps,

8:24

obviously, customer

8:26

success being such an important part of your RevOps motion here. How do you all

8:30

think about the

8:32

customer success as it relates to RevOps? Well, it's kind of, I think as I

8:38

described,

8:39

which is just an over investment into the account or to the partnership. I

8:45

think what's really

8:46

interesting about GenPAC, and I'll give you kind of an anonymized obfuscated

8:53

example, right?

8:54

Perfect. Yeah.

8:56

But we, as I said, our clients are Fortune 500, so it could be everything from

9:00

one of the largest

9:01

social media companies in the world to a large bank to a large retail company,

9:07

and we work

9:07

obviously across industries. But we will answer RFPs in our industry that's

9:13

fairly common place.

9:15

And we were in the final throes of an RFP process, and the prospective client

9:23

asked us,

9:24

well, can you please give us three examples of clients that churned, and what

9:31

was the reason

9:32

they churned? And we have a channel that taps in, so kind of like a Slack type

9:37

Microsoft Teams type

9:38

channel that taps into senior leadership across all of our accounts. And we

9:44

posted on it, and we

9:46

said, hey, we're looking for three examples, you know, where this was the case.

9:50

And the response we

9:52

got was, I don't know that we have three companies that we can highlight in

9:58

this particular regard,

9:59

because our clients, our partners tend to be multi or contracts that we do. Am

10:07

I saying that

10:08

we never lose a customer? No, absolutely not. Things change. The business world

10:13

is dynamic.

10:14

But that's our special sauce is that investment in that customer, because we

10:19

have so many different

10:19

what we call service lines or areas of domain, like finance and accounting

10:23

where we're ranked

10:25

one of the top in the world, or supply chain or sales and commercial, or

10:29

enterprise risk and

10:30

consulting or trust and safety. There's multiple different ways that we can

10:35

help the business,

10:36

right? So if we come in and we help a company with financial transformation,

10:40

for example, say we help

10:41

$502 a billion SaaS company, they're maturing they need more mature financial

10:48

processes and target

10:49

operating models and efficiency models. We can come in, we can create that

10:52

strategy, do the work for

10:54

them, maybe year down the road, they're looking at expanding their Salesforce

10:58

internationally.

10:59

And so when you expand a Salesforce international, I've been on this side of

11:03

the table, and you're in

11:04

North America, easier said than done. Genpack can come in in that particular

11:09

example and say,

11:11

well, we're in these 12 countries that you want to get into. We've got our Lean

11:15

Six Sigma

11:16

lineage heritage. We've got people on the ground. We've got the analytics. We

11:20

've got our SMB academy,

11:22

and we can sort of create the go-to-market for you. So that would kind of be an

11:25

example of

11:26

we evolve with a client. Anything's obviously emphasis on customer success,

11:31

being one of them, but any other things that you feel like are unique or

11:35

different about your

11:36

RevOps team or the way that you think about RevOps? I think that's probably the

11:41

thing that in this

11:42

particular question, that's what strikes me as being the most differentiated

11:48

nexus between marketing,

11:50

customer success, and sales. It's always an evolution, right? And over the last

11:55

few months,

11:57

I've seen that we've gotten even that much more tightly integrated,

12:01

specifically in terms of

12:03

sales and marketing. And in fact, I can tell you one other thing that's

12:08

different from us

12:08

is that we have, depending on how you define sales, we have a relatively small

12:15

sales team and group

12:18

for a company that has over 100,000 employees. One of the reasons I mentioned

12:22

is because we work

12:24

to help grow partnerships and accounts based on needs and as they evolve in

12:29

multiple years.

12:30

But the other reason is because a lot of our pipeline is actually referrals. So

12:37

it doesn't

12:37

require as much outbound sales. Obviously, that's still very important to us in

12:42

building

12:42

an organic pipeline, which is something that I'm tasked with is incredibly

12:46

important. It's a life

12:47

budget company, but traditionally, the referrals have been a really good source

12:52

for us. And that

12:53

has everything to do with satisfied customers. Yeah, you're not going to have

12:56

that traditional

12:57

gigantic funnel where you have all sorts of leads left, right and center. It's

13:03

just not a

13:03

lot of people just sitting there cranking out a lead for them, trying to figure

13:07

this stuff out,

13:07

I'd imagine. Well, so that's right. And I think the way that I would respond to

13:11

that for us,

13:13

it's all about quality versus quantity. It's not a commoditized, I don't mean

13:21

commoditized in a

13:22

negative connotation, but we're not a SaaS product that's commoditized in we

13:27

have one,

13:28

two or three products and those one or two or three products have a rate card.

13:32

A lot of what we do

13:34

is very much bespoke. So when we think about how we go to market, let's say as

13:39

a sales organization,

13:40

it's more complicated. And in fact, we hire people typically with 20 years

13:46

experience VP level sales

13:49

on an individual contributor level with advanced degrees in some cases, etc.

13:54

Because they need to

13:55

understand a potential client's business and through the help of their

14:00

colleagues on what we call

14:01

the service lines, the subject matter experts understand actually, can we help

14:06

them? How can we

14:07

help them? What are their problem statements? We're never going to, let's say,

14:12

approach a new

14:13

prospective client and say, please buy option one, two or three or product AP

14:18

and C, and we're never

14:20

going to waste their time. We'll always do our research and we'll always

14:23

understand to some extent

14:25

that we can based on publicly available information, what's going on in the

14:29

company and have some sort

14:31

of thesis on why it makes sense for them to have a conversation with us. When

14:35

things are so relationship

14:37

driven and there's so much research in these huge deal sizes, sort of like

14:41

blend and expand

14:42

type stuff, sometimes there's not as much data as you would get from a

14:46

traditional SAS product or

14:48

a PLG type product or something like that, where you get tons and tons and tons

14:53

of data. How do you

14:54

think about data from a revenue, ops perspective, or just in general, from a

14:58

growth perspective?

14:59

So if I'm thinking about, let's say, an SMB advertising model, where you have

15:05

tens of thousands

15:06

or hundreds of thousands of customers, even a SAS product, where your price

15:10

point for a yearly

15:11

license is 30 to 50,000, you've got a large funnel, everything in that funnel

15:15

is statistically

15:16

significant because they're scale, whereas in a funnel like ours, we don't have

15:21

that

15:21

steam to statistical significance for pipeline efficiencies. That's kind of

15:25

what you're suggesting.

15:26

Yeah, exactly, exactly. So it's like those RevOps folks that are normally

15:30

sitting there

15:31

looking for trends in the data and saying, hey, this is something, this is an

15:34

outlier, this is something, this is an opportunity, it's just, it's slightly

15:38

different. You have to

15:38

dig in probably a lot further. Yeah, it is different. That's a great call out,

15:43

and it's much more, let's call it manual. And I say manual with mixed emotions

15:50

because we're

15:51

a company that creates automation for our customers to improve their processes,

15:55

like

15:56

robotic process automation. And many other examples, because we're a data

15:59

analytics company in so

16:00

many ways. But when you think about ourselves as GenPACT and how we go to

16:06

market, it's

16:08

a much more thoughtful approach. And yes, we use data, but I'll give you a

16:14

couple of examples

16:15

how we use data. So first of all, the average VP of sales at our company, that

16:20

's only exclusively

16:22

trying to foster new partnerships with prospective customers, fortune 1000,

16:28

fast growing tech

16:29

companies, sales companies, whatever, they don't have a huge ICP. Right. And

16:33

when I say

16:33

ICP, I mean like ICP as it cascades down to the individual level. So for the

16:39

sake of conversation,

16:40

they may have 15 or 20 accounts that they would like to partner with. So what

16:45

does that actually

16:46

mean in the go to market? It means that you become an expert on that particular

16:53

prospective client's

16:54

business. You're doing a lot of research, we actually have a growth operations

16:59

team. They help us do

17:01

very, very, very deep level of research on the company, what's going on. Again,

17:06

as I said earlier,

17:06

we're never going to talk to a company unless we think that they have a problem

17:10

statement that we

17:11

can help them with or they have a way that we can help them grow or a way that

17:15

we can help them with

17:16

efficiency. And we're going to have a point of view. We have to be careful,

17:20

right, because we don't

17:21

want to be too asumptive and say, Hey, we know what all your problems are, we

17:24

can help you.

17:25

We have to be a little bit more thoughtful about how we approach them, how we

17:29

have that discovery call,

17:30

how we learn. So that's one thing that we do is really do our research.

17:34

I love it. Let's get to our next segment, Rev Obstacles. We're talking about

17:39

the hard parts,

17:40

RevOps. What's the hardest RevOps problem that you faced in the last six months

17:45

or year?

17:46

Interestingly enough, now I'm 20 years into my career, roughly. And I have this

17:52

experience from

17:53

working what you call client side. And I have a fairly good depth and breadth

17:58

of knowledge in

17:59

certain verticals in the sectors that I oversee from a growth perspective. So

18:04

what I love about my

18:05

job is working with companies where I know their business model is very

18:08

intimately. And I can kind

18:09

of use my knowledge to help show them that I understand their problem

18:12

statements. And in fact,

18:14

sometimes even help with the solutioning. But to answer your question, I think

18:20

qualification.

18:21

So probably there was some potential pursuits that we shouldn't have qualified.

18:27

And sometimes

18:27

it's okay to say, for this particular project or for this particular multi-year

18:33

initiative,

18:34

we maybe don't think we're the right fit for you. And that's very hard to do.

18:39

If you think about it,

18:40

let's say, again, use the SAS example. If you have an ICP and you have a

18:45

customer and they're

18:46

willing to spend $50,000 or $60,000 a year licensing your software, probably

18:50

not too many

18:51

instances where people are saying, you know what, I've got a quota. I've got a

18:56

VP of sales. We have

18:58

growth goals. Why don't you go ahead and not license this software? Because I

19:02

don't get fit.

19:03

So that to me is kind of interesting. Any other obstacles or things? I mean, I

19:08

think

19:08

qualification, it's so corded like exactly what you said, the enterprise

19:11

experience, right? It's

19:12

just so tough from that space, especially when it's not a super high volume

19:16

thing. I mean, it's

19:18

hard both ways. But yeah, any other rev obstacles or maybe some rev oops

19:21

moments, a mistake that

19:23

you've made in the past year? I think pricing is another thing because pricing

19:27

is very dynamic

19:28

in what we do. And we need to strike the balance between giving the appropriate

19:34

price where the

19:36

potential customer sees value and not putting a price that's going to make it

19:41

detrimental to Gen

19:42

Pack. So because it's not every engagement is bespoke. I think there's some

19:47

areas there,

19:48

potentially for improvement. But one thing that I would say isn't so much an

19:53

obstacle

19:53

necessarily, but it's kind of a unique differentiator to our business is

19:57

because again, going back to

19:59

this notion of I have three products and three price points, right? And I know

20:03

I'm oversimplifying

20:05

it. We have so many different service lines where we excel in. So one of the

20:11

things that we've been,

20:13

I wouldn't say challenged with it, it's anybody that's coming into Gen Pack and

20:16

I have a fairly

20:17

newer team is how can you be an expert in finance and accounting, supply chain,

20:23

sales and commercial,

20:24

trust and safety, enterprise risk and consulting, source to pay. I mean, the

20:31

list goes on and on.

20:32

You can see I'm struggling to even name all of our service lines. And so how do

20:36

you, the challenge

20:37

is how do you look at a particular customer, right? And how do you say like an

20:42

on demand customer

20:44

and say, what are the four areas where we think we can help them? Or what is

20:47

the one area?

20:48

So that part again, that's a little bit of a challenge. And the way that we

20:53

overcome that is

20:54

we have a learning platform called Genome. And it's one of the largest learning

20:59

platforms in the

20:59

industry. It's got hundreds of thousands of hours of interactive content. It's

21:04

got sessions where

21:06

somebody like me, I'm a guru for high tech. So somebody's going through what we

21:10

call their high

21:11

tech wave and they're going through all the areas to be proficient in it and

21:15

the certifications.

21:17

So we invest very heavily in that to help overcome those challenges of learning

21:21

. And it's not just

21:22

learning about us. It's also learning about the industry or learning about

21:25

cloud or learning about

21:27

how to be an effective public speaker. So that's quite a big differentiator

21:31

with Gen

21:31

Paks is that focus on learning at all levels of the company. All right, let's

21:35

get to our next segment,

21:35

the tool shed. So we're talking tools metrics, spreadsheets, data and all that

21:40

stuff. Just like

21:41

everyone's favorite tool qualified, no B2B tool shed is complete without

21:45

qualified. Go to qualified.com

21:47

right now and check them out. Daniel, what's in your tool shed? So I won't bore

21:53

you with

21:53

everything that's in our tool shed. Instead, I'll answer the question a little

21:57

bit differently

21:58

in terms of how I think about what should be in a tool shed. We kind of use the

22:02

again, I won't mention all the tools that we use, but we use kind of the common

22:06

tools that you

22:07

would think a company like ours of our size or even frankly, a B2B SAS company

22:11

with use, for example,

22:12

Salesforce or Mercado as part of Salesforce, right? Or, you know, tools like

22:18

qualified. So I

22:19

think we're very much trying to be on the cutting edge of what we need to

22:23

license to make our

22:24

business, you know, a modern sales organization and so on and so forth. But I

22:29

will tell you two

22:30

things. One is my approach traditionally, because I built, you know, a number

22:35

of tech stacks when I

22:36

was more in startups, is I always look at anything licensable or any suite of

22:43

tools within a must

22:44

have or a nice to have bucket. If you're nice to have, probably you're not

22:49

going to win a contract

22:50

with us. If you're a must have, you're a must have. And I like Salesforce only.

22:54

I know it's

22:55

so obvious, but I'll give you like a very, very short anecdote. A year ago I

22:59

was visiting my dad

23:00

and my dad is a retail investor and he invested a number of companies, like for

23:07

example, in this

23:07

particular day, he said, what about Salesforce? So he knows Salesforce. He

23:12

knows the financial

23:13

metrics, right? He can see the growth of the stock. He doesn't necessarily

23:16

understand the business.

23:18

He says, should I buy Salesforce? Now I can give my dad any piece of advice I

23:23

want on Salesforce,

23:24

because I'm not an employee of Salesforce. There's no moral hazard there. And I

23:28

said,

23:29

so I explained to him this paradigm of companies licensing software in nice to

23:34

have versus must

23:35

have. And then I explained to him that Salesforce has this thing called ARR.

23:40

And this is what ARR is.

23:41

And they're so sticky because you have to customize and you have to build your

23:46

own instance of Salesforce.

23:47

And they have all these other technologies like qualified, for example, that

23:51

bolt onto Salesforce.

23:52

So effectively their customer churn has got to be one of the lowest in the

23:56

industry. So like,

23:58

yes, it's probably a pretty safe stock to buy. So that's kind of my view on

24:02

licensing.

24:03

And then one of the things that I think is interesting, and I don't mean to be

24:09

controversial,

24:10

but this is a podcast about revenue operations. There's been some debate over

24:17

the last few years

24:18

on personalization versus automation. And what I mean by that is in your sales

24:26

go-to market.

24:27

And there are, we all know, people are listening to this podcast know who the

24:33

players are,

24:34

but there's a set of companies that create what I call sales ESPs. They don't

24:41

call themselves

24:41

sales ESPs. I'm calling them sales ESPs because essentially what you're doing

24:47

is you're using a

24:48

marketing approach to sales. Instead of doing one to one, you're doing one to

24:53

many. Now, I'm not

24:55

criticizing these companies because I think what these companies did is genius

24:58

because they're

24:59

doing well. They found product market fit. And they found customers who are

25:03

looking at the

25:04

promise of how do I make my sales force more efficiently. But in the act of

25:09

using automation,

25:11

again, we're a company that embraces automation, and we do it on behalf of our

25:15

customers. But where

25:16

does it make sense and where it doesn't, it makes sense. So if you're treating

25:20

your sales prospects

25:22

like you're treating your marketing prospects, I think it's a race to the

25:27

bottom. I think people

25:28

are trying to find what is that latest technology or what is that latest trick

25:33

to get a higher conversion

25:35

rate. And they're sending these cadences and they're semi personalizing them.

25:40

And guess what?

25:41

People are smart. Right? Decision makers at companies are smart. And when they

25:47

're getting an email,

25:49

which feels impersonal, where somebody didn't talk about their business, their

25:53

issues,

25:54

something that feels authentic, they're not going to respond. So it's no wonder

25:59

when people start

26:00

talking about I have a 3% conversion rate on sales emails like, wow, that's

26:03

amazing. Right?

26:05

Because it's a little bit if everybody's doing it, if everybody's automating

26:10

this, it's really

26:11

no different. You might as well just send emails from our keto. And those are

26:14

going to have lower

26:14

conversion rates as well, depending on what it is. And maybe it's promoting an

26:18

event has higher

26:19

conversion rates. So I think about this personalization versus automation as

26:23

being somebody that's worked

26:24

in tech companies that wants to license the best technology as a company where

26:29

we use technology

26:30

to help digitize our clients business to help them digitally transform. And

26:34

where does it become

26:35

too much? So for us, again, and this is my own personal opinion, when we're

26:41

reaching out to

26:41

potential prospects, everything is hyper personalize. Of course, easy for me to

26:46

say, because as we

26:47

discussed, we're not going after thousands of companies at scale. But if

26:51

everybody's doing it,

26:52

how effective is going to be? So I think I'm not trying to pick on these cohort

26:57

of companies,

26:57

and I'm not trying to pick on SaaS companies that use this kind of sales

27:02

automation. And I think,

27:03

by the way, it certainly works. Like if you're using it for inbound SMB

27:08

advertising with tens

27:10

of thousands of customers at scale, you need automation. But there is a rate of

27:14

diminishing

27:15

returns there. And I don't feel like that's debated in nothing industry.

27:18

I couldn't agree more. I think it's really tough to see some of those autom

27:23

ations go out,

27:23

and you're like, yep, this is just automation automation. Like you said, it's

27:28

different when

27:29

it's coming from marketing. But when it's coming from sales, it's a little

27:32

tough to be like email

27:34

number four in the automation. And it's like, don't think I haven't forgot

27:40

about you. Have you seen

27:41

our latest webinar or whatever? And you're like, no, I didn't. And no, I didn't

27:46

want to see it.

27:46

Do you have any examples of the personalization stuff that you're doing that

27:49

has worked well?

27:50

It's a great question. And I can give you one example from the recent past.

27:58

There's a company

28:00

in our ICP. And my team had been reaching out to that company for some time

28:05

without success.

28:07

And we know for a fact that there's two particular things that we do, where we

28:12

're ranked number one

28:14

or number two in the world. And I'm not saying that they have to work with us.

28:18

But what I am

28:20

suggesting is that given that these are things that are important to them,

28:24

given that they would

28:25

work with either us or our competitors and given how highly we are ranked by

28:30

third parties,

28:31

it certainly makes sense for them to understand how we differentiate and to

28:35

have a relationship with

28:36

us, even if that's just to have a call to understand a little bit more. And for

28:41

one reason or another,

28:42

and this is a vertical where we have a lot of success. And frankly, we have a

28:47

lot of customers.

28:48

And when I say we have a lot of customers, it's a finite grouping of companies.

28:51

And we have a

28:52

high percentage of those companies as customers. So we felt very passionately

28:56

that this relationship

28:57

we should have, at least just to understand what they're up to and them to

29:01

understand what we're

29:02

able to provide as a partner. But they just weren't getting back in touch with

29:06

us. So at a certain

29:07

point, and frankly, I actually used sales automation, because we do license a

29:15

platform

29:15

that where I was able to see a decision maker in that company, a C-suite

29:20

decision maker,

29:21

was opening certain emails and interacting with us. And so I emailed her, and

29:27

this is me,

29:28

personally emailing her. And I said, essentially, we've been trying to reach

29:33

out to you for some time,

29:35

we haven't been able to connect. We're very well positioned in the industry. We

29:39

really think it

29:40

would make sense for you to talk to us, and so on and so forth. So it's just a

29:44

very sincere email

29:46

coming from Daniel, being very honest. And she responded in 15 minutes and said

29:51

, let's set up a

29:52

conversation. So I think for me and for how we coach our teams that go out

29:57

there and sell,

29:58

is have that sincerity of voice. And I'll give you another example as well,

30:05

which is a little bit past the discovery phase, which I really loved. So there

30:11

's a gentleman on my

30:12

team, and he owns, he's the go-to-market lead for on-demand customers. So on-

30:18

demand exactly as you're

30:19

thinking of it, like the oovers of the world, etc. So that's a vertical within

30:23

one of the sectors.

30:24

And we were invited to an RFP process. And in the RFP process, we submitted the

30:31

RFP,

30:31

it was comprehensive, and we like to write welcome letters and show the

30:35

personalization,

30:36

right, and show that sincerity of intent. And the first two or three lines of

30:42

the welcome letter,

30:44

he wrote something very hokey in corny that had to do with being a customer of

30:50

their business,

30:51

to being a consumer of their business, because they're essentially a consumer

30:54

company, right.

30:55

And so he asked me, do you think I should write this letter in this way? And I

31:02

said, I wouldn't do

31:04

it because it's not who I am. But I know you very well. I'm not saying he's h

31:09

okey by any means, but

31:12

it fit with his personality. So this is like sincerely who you are. So go ahead

31:18

and write it.

31:19

And funnily enough, we're on a call with the decision maker about three weeks

31:25

after that.

31:26

And she was asking about sort of dry things, pricing or solution or what are

31:33

you offering here.

31:34

Then at the end of the call, her tone changes. And she says, by the way, I just

31:40

wanted you to know

31:42

that when I read your RFP and I saw that you wrote this little blurb, I thought

31:48

it was so witty,

31:49

so funny, it entertained me, it made me laugh. And by the way, when you're

31:56

reading RFPs,

31:57

B2B, it's very dry stuff. And it's not super interesting all of the time. And

32:04

this actually

32:05

made me chuckle and made me happy. And we thought, and you don't usually get

32:09

that kind of feedback

32:10

from customers, especially in formalized RFP process, processes. But we thought

32:16

that was great. And so

32:17

again, not to belabor the point, but having these sincere, genuine moments with

32:22

clients, whether it

32:23

be a cold email to try and generate a discovery, a call, or when you're in the

32:26

sales cycle. It's

32:28

important. Even if you're a large B2B company like us, we're all people, people

32:33

buy from people,

32:34

you want to show who you are, you want to build that connection. That's super

32:38

important to me.

32:38

Any other final thoughts on tool shed tools metric that you particularly care

32:43

about or any

32:44

blind spots that you're trying to measure in a different or better or unique

32:48

way?

32:49

Yeah. So from a metric perspective, if I look at a funnel, for me personally,

32:56

the number one

32:57

thing that I care about for my teams is discovery calls. Because as I mentioned

33:02

to you earlier,

33:03

we're not beneficiaries of being an industry for a while and having a really

33:06

good reputation for

33:07

being a partner that exceeds expectations. So we do have a very healthy, in

33:13

bound, organic lead flow.

33:15

But of course, every company wants to grow. So for me, what keeps me up at

33:19

night is how I build

33:20

that inorganic pipeline. And I very much gauge my success and I gauge very much

33:26

my team success

33:27

based on how good are you at building inorganic pipeline? Because we're a

33:32

company that's filled

33:34

with very smart intellectual people. And when we have an opportunity to bid for

33:39

some work,

33:40

we're pretty good at converting. And I'm not saying that's an easy skill, but I

33:44

'm saying that's

33:44

something that as a company, we're very, very good at we're very intellectual

33:48

company on the employee

33:49

level. However, building inorganic pipeline, it's an intellectual exercise. It

33:54

's also a soft

33:55

skill exercise. There's a lot of things that play into that. So every for me,

33:59

it's all about

34:00

building inorganic pipeline. And it's all about generating discovery calls. So

34:04

again, going into

34:05

this topic of quality versus quantity, we don't need to have 2010 discovery

34:10

calls a week necessarily,

34:12

but what we need to have our discovery calls were this sincere interest in

34:15

having a thoughtful

34:16

conversation. So that's it. That's what I would say to that is pretty simply

34:21

discovery calls. And

34:21

then in terms of what would I like more visibility into, it would be the dark

34:26

funnel. I think the

34:27

dark funnel is very important. And I know that speaks to what qualified does,

34:32

what other companies

34:34

do as well, but how can you engage with people before they fill out a lead form

34:40

on your site?

34:41

Once they fill out a lead form on your site, it's depending on the business you

34:45

're in, it might be

34:46

too late. That just means you're going to be in a competitive RFP process. You

34:50

have no advantage.

34:51

And that's probably fine for the company if they're reading Gartner or they're

34:54

reading some other

34:55

third party in terms of who are the highest ranked companies in the industry.

34:59

And that happens

35:00

in B2B SAS and other industries as well. But for me, how can we have those

35:04

conversations? How can

35:06

we illuminate that dark funnel before you get to that point? I know that's very

35:09

important to

35:10

our marketing group. It's very important to me. Yeah, it's arguably one of the

35:14

most important

35:15

things that we're all dealing with right now is just like the change in buyer

35:18

behavior and

35:19

dark funnel being sort of this, you can just do so much research on your own

35:23

now without talking

35:24

to a salesperson. Then you get so many of the calls like, "Yeah, yeah, I just

35:28

give me the price,

35:28

giving the price, giving the price." And you know they want to get on there and

35:31

then salespeople are

35:32

like frustrated by it. Yeah, 100%. 100%. All right, let's get to our final

35:37

segment. Quick hits,

35:38

these are quick questions, quick answers. Daniel, are you ready? I'm ready.

35:43

Number one, if you could

35:44

make any animal any size, what animal would it be and what size? An elephant

35:51

the size of my dog.

35:54

My dog is 55 pounds. She's a Portuguese water dog. All right, 55 pound elephant

36:00

. What's the

36:01

55 pound elephant in the room? Do you have a... They're a good one. Do you have

36:07

a favorite podcast

36:09

or show or book that you've been checking out recently? Yes, I'm reading this

36:14

new... I'm sorry,

36:14

I forget the author. This new book on the metaverse, it's still in hardback. It

36:18

doesn't have like a

36:19

super large distribution. But I think GenPact and me personally, we're very

36:23

interested in how we

36:24

can help customers in the metaverse. And we're actually starting to do that

36:28

with a couple of

36:29

select customers. Any rev-ups, misconceptions or predictions? So, misconception

36:36

is I think that a

36:38

lot of people think that it's a technocratic exercise. And I think it's less

36:42

technocratic than

36:43

people think. I think it's a lot of it has to do with art and science. Pred

36:47

ictions, we've probably

36:48

already touched on. I think that the pendulum is going to swing more to

36:52

personalization versus

36:54

automation. In fact, I think it shouldn't have been pretty vocal about that.

36:57

What would be your best piece of advice for someone newly leading a rev-ops

37:02

team?

37:03

That's a very good question. I know this is supposed to be short and fun sheet.

37:08

Oh, that's all right. I think it would be get into the weeds and don't just

37:15

focus on the strategy

37:16

in one sentence. Daniel, that's it. That's all we got for today. Any final

37:22

thoughts here for the show?

37:23

No, I don't have any final thoughts, but I very much appreciate the time and

37:28

the opportunity

37:29

to discuss revenue operations. I think it's a really interesting and evolving

37:34

field.

37:35

Yeah, indeed. And for our listeners, you can go to GenPact.com to learn more

37:40

about

37:41

the company and everything there. Thanks so much, Daniel, and we'll talk soon.

37:52

[music]

37:54

[ Silence ]