On this episode, Daniel discusses the importance of fostering organic lead flow, the secret sauce of service lines, and how SaaS invented RevOps.
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[MUSIC]
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Welcome to Rise of RevOps.
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I'm your face on CEO of Castamine Studios,
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and today I am joined by special guest Daniel.
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How are you?
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Good. How are you, Ian?
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Thanks for having me.
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Yeah, excited to have you on the show,
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excited to chat about all things GenPact,
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and how you think about RevOps.
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As a VP, it is top of mind.
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Let's get into it.
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How did you get started in revenue operations?
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Well, it's interesting because I would argue that revenue operations is a
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fairly modern construct,
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which was really an invention of SaaS companies,
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which I think is interesting as well.
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But for me, I was in graduate school in London,
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and most of my classmates were going into consulting companies and investment
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banks,
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and I had started out working in Web 1.0 startups.
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Following graduate school and in graduate school,
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I really wanted to work in tech.
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I worked at Google for five years in the European office,
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and then in New York, and then back in Europe.
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Back then, I don't think revenue operations,
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I say back then about 15 years ago,
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was defined in the same way.
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So for me, I started out in sales,
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and very quickly I moved into management.
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So I've been in management in different facets my entire career,
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and management in sales constitutes strategy on some levels.
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So to me, I think that's part of the revenue operations piece,
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and as the industry evolved,
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and that's kind of how I got into it from that side of it.
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What's your definition of revenue operations?
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My definition and the actual definition are probably not too far off.
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I would call it the revenue ops is the holy trinity
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of sales, marketing, and customer success.
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And I think that's right in the sense that common wisdom
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is those three departments of an organization working together
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in the most seamless manner,
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all of them accountable to revenue.
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I think that's right.
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However, I do think that there's nuances, right?
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So I mentioned a few moments ago, SaaS.
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So it's pretty interesting because my take and other people may disagree
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is that this construct of revenue operations,
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and customer success, and marketing, and sales,
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and go to market more generally,
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has been an invention of SaaS companies.
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But what about other companies that are not SaaS,
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that maybe are services companies that are B2B,
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or companies that are B2B to see, like Google or Meta, right?
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Those companies also sell to businesses,
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but their go-to-market motion may not be the same as SaaS.
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So what are those differences, and how do those articulate themselves?
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And I remember about 10 years ago, I had a friend
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who's been in hardcore SaaS,
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TechSail's his whole career.
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And he said to me, "We would never hire somebody
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that comes from digital advertising,
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because they don't know what they're doing.
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They wouldn't understand how to sell technology.
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It's too complicated for them.
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They're the wrong profile."
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And I actually think that's wrong.
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And I do think that there are some synergies,
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for example, between SaaS B2B and B2B digital advertising,
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in the sense that they may both be focusing on small and medium-sized
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businesses.
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So what is the go-to-market there, and how does it parallel, right?
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Or how does it not parallel?
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Where does an SDR, BDR make sense, and where it doesn't make sense?
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So I think that's pretty interesting.
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It's kind of a long way of saying that the industry seems to be shaped
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by the point of view of SaaS.
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And I think it would be helpful to get other points of view
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when you think about revenue operations as a discipline.
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And zoom in out, what does GenPAC do,
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and how have you organized your RevOps team?
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So GenPAC, many people may not know, GenPAC.
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So I'll give you sort of a brief one-on-one.
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We are defined as a multinational consulting and professional services firm,
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which is to say part of our business is management consulting,
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and you may be familiar with some of the big names in that industry.
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In fact, we were recently named as the top management consulting firms in the
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world.
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The second part of our business is professional services,
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which means we take areas where we have deep domain,
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and we do work on behalf of our clients to optimize their operations
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or to do digital transformation, moving them to the cloud,
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or to create a target operating model for a financial transformation.
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So that's kind of what we do as a company.
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We were started in 1997, and in fact, we were part of General Electric,
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which is in very, in a lot of ways, an iconic American company.
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And a lot of the success of GE actually was a product of what's called Lean Six
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Sigma.
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So you've probably heard that term before, and I'm assuming some of your
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listeners know what it is,
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but maybe don't know it intimately, but to really kind of simplify it,
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it's a way of optimizing and improving process efficiency,
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which makes any company more efficient.
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And that's something that Gen Pack practiced on behalf of GE.
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And then in 1997, we were created in 2005, we spun out of GE in 2007,
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we listed publicly on the New York Stock Exchange,
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and we're a multi-billion dollar company with over 100,000 employees all over
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the world.
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And we do this work now for approximately 800 companies in a very large
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percentage of the Fortune 500.
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So it could be a lot of things.
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It could be helping them create a target operating model to create cost
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efficiency.
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It could be helping a large social media platform moderate content.
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It could be helping a manufacturing company with their supply chain.
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And the list goes on and on. And in fact, in the SaaS space,
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we actually help companies become more efficient when it comes to sales,
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generating leads end-to-end, inside sales, SDR work, that sort of thing.
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So, and then for us, I think the second part of your question is,
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how do we think about revenue operations?
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We're a large company, right?
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If you want to say a large company, I mean companies that have our size of
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employee base, 100,000 plus.
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And so we do have customer success, right?
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We certainly have sales and we certainly have marketing.
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And those three divisions, 100 percent work together.
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I think what's interesting, and I'll just give you one data point that I find
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fascinating about
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GenVAC specifically, is that for us, the definition of customer success is
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everything, right?
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And what I mean by that is that we have a set amount of accounts that are very
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strategic
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to us. And for those accounts, we put very, very senior people on them, right?
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So if you think about like a traditional SaaS company, they may have, let's say
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, I don't know,
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100 million dollar run rate SaaS company, maybe they've got five SDRs, 12 AEs,
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two VPs,
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and five customer success managers, right? I'm making this up, but let's just
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say it's correct
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directionally. Those customer success managers, they're probably going to be
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people between,
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let's say, from an experienced perspective, four to 15 years experience,
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something like that,
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right? At the high end. What we actually do is we look at our strategic
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accounts and we put our
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most senior people on those accounts. So for example, somebody with 20, 25
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years experience
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who has either been in consulting professional services or maybe client side,
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and we tend to
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deal with a lot of C-suite. So when we're dealing with a C-suite, we bring
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somebody with a pedigree
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in the document to match and we invest in those accounts to grow them and to be
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a trusted partner.
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So I think that's where we differentiate, I would argue, for the better, is
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that investment
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in growing those accounts, but more so providing solutions to problem
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statements and helping
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companies grow more efficiently as time goes on. Yeah, that's super fascinating
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and so cool to
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hear from a big company perspective and all of that piece. Within RevOps,
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obviously, customer
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success being such an important part of your RevOps motion here. How do you all
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think about the
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customer success as it relates to RevOps? Well, it's kind of, I think as I
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described,
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which is just an over investment into the account or to the partnership. I
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think what's really
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interesting about GenPAC, and I'll give you kind of an anonymized obfuscated
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example, right?
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Perfect. Yeah.
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But we, as I said, our clients are Fortune 500, so it could be everything from
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one of the largest
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social media companies in the world to a large bank to a large retail company,
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and we work
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obviously across industries. But we will answer RFPs in our industry that's
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fairly common place.
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And we were in the final throes of an RFP process, and the prospective client
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asked us,
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well, can you please give us three examples of clients that churned, and what
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was the reason
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they churned? And we have a channel that taps in, so kind of like a Slack type
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Microsoft Teams type
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channel that taps into senior leadership across all of our accounts. And we
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posted on it, and we
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said, hey, we're looking for three examples, you know, where this was the case.
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And the response we
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got was, I don't know that we have three companies that we can highlight in
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this particular regard,
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because our clients, our partners tend to be multi or contracts that we do. Am
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I saying that
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we never lose a customer? No, absolutely not. Things change. The business world
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is dynamic.
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But that's our special sauce is that investment in that customer, because we
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have so many different
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what we call service lines or areas of domain, like finance and accounting
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where we're ranked
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one of the top in the world, or supply chain or sales and commercial, or
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enterprise risk and
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consulting or trust and safety. There's multiple different ways that we can
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help the business,
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right? So if we come in and we help a company with financial transformation,
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for example, say we help
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$502 a billion SaaS company, they're maturing they need more mature financial
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processes and target
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operating models and efficiency models. We can come in, we can create that
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strategy, do the work for
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them, maybe year down the road, they're looking at expanding their Salesforce
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internationally.
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And so when you expand a Salesforce international, I've been on this side of
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the table, and you're in
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North America, easier said than done. Genpack can come in in that particular
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example and say,
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well, we're in these 12 countries that you want to get into. We've got our Lean
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Six Sigma
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lineage heritage. We've got people on the ground. We've got the analytics. We
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've got our SMB academy,
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and we can sort of create the go-to-market for you. So that would kind of be an
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example of
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we evolve with a client. Anything's obviously emphasis on customer success,
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being one of them, but any other things that you feel like are unique or
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different about your
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RevOps team or the way that you think about RevOps? I think that's probably the
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thing that in this
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particular question, that's what strikes me as being the most differentiated
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nexus between marketing,
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customer success, and sales. It's always an evolution, right? And over the last
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few months,
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I've seen that we've gotten even that much more tightly integrated,
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specifically in terms of
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sales and marketing. And in fact, I can tell you one other thing that's
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different from us
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is that we have, depending on how you define sales, we have a relatively small
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sales team and group
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for a company that has over 100,000 employees. One of the reasons I mentioned
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is because we work
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to help grow partnerships and accounts based on needs and as they evolve in
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multiple years.
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But the other reason is because a lot of our pipeline is actually referrals. So
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it doesn't
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require as much outbound sales. Obviously, that's still very important to us in
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building
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an organic pipeline, which is something that I'm tasked with is incredibly
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important. It's a life
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budget company, but traditionally, the referrals have been a really good source
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for us. And that
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has everything to do with satisfied customers. Yeah, you're not going to have
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that traditional
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gigantic funnel where you have all sorts of leads left, right and center. It's
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just not a
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lot of people just sitting there cranking out a lead for them, trying to figure
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this stuff out,
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I'd imagine. Well, so that's right. And I think the way that I would respond to
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that for us,
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it's all about quality versus quantity. It's not a commoditized, I don't mean
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commoditized in a
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negative connotation, but we're not a SaaS product that's commoditized in we
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have one,
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two or three products and those one or two or three products have a rate card.
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A lot of what we do
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is very much bespoke. So when we think about how we go to market, let's say as
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a sales organization,
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it's more complicated. And in fact, we hire people typically with 20 years
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experience VP level sales
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on an individual contributor level with advanced degrees in some cases, etc.
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Because they need to
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understand a potential client's business and through the help of their
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colleagues on what we call
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the service lines, the subject matter experts understand actually, can we help
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them? How can we
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help them? What are their problem statements? We're never going to, let's say,
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approach a new
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prospective client and say, please buy option one, two or three or product AP
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and C, and we're never
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going to waste their time. We'll always do our research and we'll always
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understand to some extent
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that we can based on publicly available information, what's going on in the
14:29
company and have some sort
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of thesis on why it makes sense for them to have a conversation with us. When
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things are so relationship
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driven and there's so much research in these huge deal sizes, sort of like
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blend and expand
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type stuff, sometimes there's not as much data as you would get from a
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traditional SAS product or
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a PLG type product or something like that, where you get tons and tons and tons
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of data. How do you
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think about data from a revenue, ops perspective, or just in general, from a
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growth perspective?
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So if I'm thinking about, let's say, an SMB advertising model, where you have
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tens of thousands
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or hundreds of thousands of customers, even a SAS product, where your price
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point for a yearly
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license is 30 to 50,000, you've got a large funnel, everything in that funnel
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is statistically
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significant because they're scale, whereas in a funnel like ours, we don't have
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that
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steam to statistical significance for pipeline efficiencies. That's kind of
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what you're suggesting.
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Yeah, exactly, exactly. So it's like those RevOps folks that are normally
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sitting there
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looking for trends in the data and saying, hey, this is something, this is an
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outlier, this is something, this is an opportunity, it's just, it's slightly
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different. You have to
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dig in probably a lot further. Yeah, it is different. That's a great call out,
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and it's much more, let's call it manual. And I say manual with mixed emotions
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because we're
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a company that creates automation for our customers to improve their processes,
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like
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robotic process automation. And many other examples, because we're a data
15:59
analytics company in so
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many ways. But when you think about ourselves as GenPACT and how we go to
16:06
market, it's
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a much more thoughtful approach. And yes, we use data, but I'll give you a
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couple of examples
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how we use data. So first of all, the average VP of sales at our company, that
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'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
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when I say
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ICP, I mean like ICP as it cascades down to the individual level. So for the
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sake of conversation,
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they may have 15 or 20 accounts that they would like to partner with. So what
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does that actually
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mean in the go to market? It means that you become an expert on that particular
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prospective client's
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business. You're doing a lot of research, we actually have a growth operations
16:59
team. They help us do
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very, very, very deep level of research on the company, what's going on. Again,
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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
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can help them with or they have a way that we can help them grow or a way that
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we can help them with
17:16
efficiency. And we're going to have a point of view. We have to be careful,
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right, because we don't
17:21
want to be too asumptive and say, Hey, we know what all your problems are, we
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can help you.
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We have to be a little bit more thoughtful about how we approach them, how we
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have that discovery call,
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how we learn. So that's one thing that we do is really do our research.
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I love it. Let's get to our next segment, Rev Obstacles. We're talking about
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the hard parts,
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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
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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 ]