Infinity case study
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Transcript of Infinity case study
Introducing
Stephen GriggsPresident/Owner
Infinity Contact, Inc.
Ed McGuigganVP Global eCommerce
Nuance Communications
Economic pressures are forcing Board Rooms to seek alternatives to traditional distribution channels
Traditional field sales staff can be costly and inefficient
Forces Driving Change
“If a window of opportunity appears, don't pull down the
shade.” ~Thomas
Peters
There is Room for Optimism
It’s a proven model that is
industry agnostic.
Benefits• Simple, flexible and scalable
• Ease of inspection
• Increase focus on strategic products
• Expedite speed to market
• Reduce training time and cost
• Enhance measurement and reporting
• Real-time refinement
• Valuable information collected to enhance future marketing efforts
3815 River Crossing Parkway, Suite 20 • Indianapolis, IN 46240 • 317.816.9336 • www.ataconnect.org
Challenge Solution
Product focus Dedicated agents
Cost of Acquisition
Variable cost, lower cost labor, shared risk/reward
Retention Targeted team, process, metric driven
Sales Management
Metrics, Inspection
Design the Right Solution
Client Overview• 57th largest international software company
• Offer world’s largest portfolio of speech and imaging products
• Consumer and enterprise solutions
• Annual revenues exceed $950M
• Infinity Contact client since 2005
• Headquarters: Burlington, Massachusetts
• NASDAQ: NUAN
Outcomes Create a viable telesales channel Maximize customer lifetime value Define and manage data strategy Expand telesales program
*2006 compared to 2008
Creating a Viable Telesales Channel• Analyzed customer purchase information
• Audited performance of previous contact center provider
• Designed a segmented contact program including customized offers, scripts and reporting
• Implemented initial and established ongoing agent training and certification
• Hand selected agents dedicated to this program
RESULTS:
• Expanded annual revenue generated by $3M* compared to first year after launch
Maximize Lifetime Value• Scheduled campaigns to leverage upgrades and cross-selling
opportunities
• Segmentation strategies focused on prospect type and stage of product lifecycle
• Integrated telesales efforts with other direct marketing initiatives
• Incorporated a customer loyalty model
• RESULTS: • Stabilized and increased non-upgrade period RPH 31%• Increased upgrade cycle RPH 34%
Define and Manage Data Strategy• Integrated backend data systems (order entry, payment processing, CRM,
purchase history)
• Outlined data entry standards
• Managed ongoing reporting and analytics
• Received and incorporated updates on purchases made via other distribution channels
• Administer all DNC compliance requirements
RESULTS:
• Increase average order size 21%
• 30% reduction in cost of sales
Expand Program • Continually refined program based on results (scripts, offers, process)
• Integrated additional product lines to maximize cross-selling opportunities
• Established scorecards to track key process indicators
• Integrated product releases/upgrades into overall campaign activities
RESULTS:
• Infinity Contact delivers 30% of e-commerce division revenue—25% increase
Results$20+M Generated Since Program Inception
14
Nuance Cumulative Revenue by Quarter
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
$20,000,000
$22,000,000
Q1
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Q4
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Q1
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Q2
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Q3
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Q4
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Q1
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08
Q2
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Q3
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Q4
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Q1
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Q2
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Q3
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Q4
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Q1
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Quarter
Re
ve
nu
e
“Infinity Contact has become a true partner. Our product upgrade programs continue to exceed our expectations and surpass our sales goals through their ability to incorporate their customer loyalty model into our business needs.
Their world-class representatives and conscientious management team have risen to the challenge and realized success through their marketing strategies.”
Ed McGuiggan Vice President, Global eCommerceNuance Communications, Inc.
Testimonial
15