4A strategic business function that aligns sales, marketing, and customer services, RevOps streamlines processes, enhances data integration and drives sustainable growth when implemented successfully.
So, what does a “successful” RevOps implementation look like? What factors are involved, and what outcomes determine the success of a RevOps strategy? We look at three compelling examples of successful RevOps implementations that demonstrate the transformative impact of this strategy across various industries.
4 steps to a successful RevOps implementation
Below are four key components that go into a successful RevOps implementation.
Unifying data systems
The first key component involves integrating data systems across teams into a centralised CRM platform. This addresses data silos within departments, improves data management, enhances visibility throughout the customer lifecycle and promotes consistent, data-driven decisions across the organisation, thanks to a single source of data truth that provides real-time insights.
Automating workflows
Another aspect of RevOps implementation is automating workflows. Automated workflows are key to streamlining tasks like lead scoring, performance tracking, and customer follow-ups. They reduce manual effort, minimise human errors, and create consistency across departments, letting teams focus on strategic growth activities.
Standardising metrics
Standardising performance metrics and aligning teams around them is crucial for successful RevOps implementation. With a single set of KPIs for all teams, RevOps ensures everyone is working towards common goals. This decreases inter-departmental friction and boosts the customer experience through a shared understanding of customer needs.
Fostering collaboration
Effective RevOps implementation unites teams, fostering closer collaboration and seamless working relationships. Practices like cross-functional meetings and shared data dashboards promote transparency and accountability, making it easier to track progress and identify areas for continuous improvement. This collaborative ethos streamlines operations and enhances decision-making, increasing profitability.
3 real-world RevOps implementation success stories
Without further ado, here are three examples of RevOps success stories explaining how the businesses implemented RevOps and the outcomes they achieved.
1. Thermo Fisher Scientific: Enhancing global collaboration and reducing operational costs
Thermo Fisher Scientific encountered inefficiencies in sales and customer service due to disconnected data systems and misaligned global teams. This was exacerbated by high operational costs and poor resource allocation, prompting the healthcare contract manufacturer to explore RevOps implementation.
RevOps implementation steps followed:
- Centralised CRM system: The company integrated all customer and sales data into a single CRM system, accessible to all global teams.
- Automated sales processes: By automating routine sales tasks, the business could free up time for sales representatives to focus on high-value activities.
- Alignment workshops: Regular workshops were introduced to align goals and strategies across sales, marketing, and customer service teams.
Results:
- Operational costs were reduced by 12%.
- Sales productivity and effectiveness increased.
- Global collaboration and alignment improved, leading to consistent customer experiences worldwide.
2. Siemens: Aligning sales and marketing for revenue optimisation
Siemens, a global manufacturing firm, struggled with disjointed sales and marketing efforts and a lack of alignment between departments, which resulted in missed revenue opportunities, inconsistent customer experiences, and high customer acquisition costs.
RevOps implementation steps followed:
- Integrated CRM and marketing automation: Siemens integrated its CRM with marketing automation tools to hand off leads from marketing to sales seamlessly.
- Data-driven decision-making: They leveraged data analytics to gain insights into customer behaviour and preferences, allowing for more targeted marketing campaigns.
- Cross-functional collaboration: The company implemented regular cross-functional meetings and performance reviews to ensure alignment and collaboration between sales, marketing, and customer service teams.
Results:
- Customer acquisition costs decreased by 15%.
- Sales pipeline visibility was increased, leading to improved forecast accuracy.
- Customer retention rates increased as a result of enhanced customer experiences.
3. HubSpot: Centralising data for scalable growth
Due to fragmented sales, marketing, and customer service data, SaaS company HubSpot struggled with lead management inefficiencies and inconsistent customer experiences. This made maintaining alignment between departments complex when operations needed to scale.
RevOps implementation steps followed:
- Centralised data platform: HubSpot integrated all customer data into a single CRM platform, accessible to sales, marketing, and customer service teams.
- Automated workflows: It automated lead scoring and routing to ensure the appropriate sales representatives promptly followed up with high-quality leads.
- Unified metrics: Establishing unified KPIs and dashboards to track performance across all departments aligned everyone with the overall business goals.
Results:
- Lead conversion rates increased by 20%.
- Customer satisfaction and retention rates improved.
- Enhanced operational efficiency that enabled scalable growth.
Conclusion
Each of these success stories shows just how effective RevOps can be for improving ways of working, enhancing sales and customer retention, and increasing profitability across various industries, including contract manufacturing. By implementing RevOps, B2B manufacturers can achieve better inter-departmental integration, see more returns on their marketing efforts, and attain sustainable growth.
If you need help implementing a RevOps strategy in your contract manufacturing company, contact Equinet to get started.
