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How RingCentral Optimized Account-Based Insights
and Buyer Intelligence To Ramp Up Demand
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Speakers
David Cowings
RingCentral
Chris Lynde
SaleScout
Klaudia Tirico
Demand Gen Report
7
How RingCentral Optimized Account-Based Insights
and Buyer Intelligence (to Ramp Up Demand)
July 10, 2018
8
Q&A
Housekeeping
Webinar will be recorded and made
available to all participants afterwards
Type in your questions in the Q&A
panel on the right side of your screen
We will answer your questions after
today’s session
9
Topics
How RingCentral optimized buyer contact data and intelligence
Introductions
The Cost of Bad Data (and the impact on your pipeline)
Q & A
Results and Pipeline Impact
10
Introductions
David Cowings
Chief Marketing Data Scientist
RingCentral
At RingCentral, David leads the
Account Based Marketing (ABM) and
Sales efforts to develop best in class
marketing and sales-ops, data flows,
enrichments and optimizations
Chris Lynde
Chief Executive Officer
SaleScout Data Solutions
Chris has 30+ years of experience
in managing and growing data
driven B2B and consumer marketing
technology companies like Equifax,
Experian, and EDS/Neodata.
Klaudia Tirico
Features Editor
Demand Gen Report
Editor for Demand Gen Report and ABM In
Action, Retail TouchPoints. Coverage
includes trends in marketing, sales and
retail, and well as case studies, custom
white papers and Ebooks, and bylines
11
The Cost of Bad Data
(and the impact on your pipeline)
12
What do these failures have in common?
…Bad Data
New Coke Mars Orbiter Enron
13
What is “bad” data?
Company Databases
Duplicate Data
• Multiple sources of data
• Multiple systems/platforms
Inaccurate Data
• Human error
• Data Decay
Incomplete Data
• CRM fill rates are low
• Inconsistencies at data vendors
14
Why does data go “bad”?
3 - 5% data decay per month
8 million people
change jobs every year
75 phone numbers
change every 30 minutes
25% emails become
invalid every year
Source: GZ Consulting, RingLead, SaleScout
15
88%
of Companies
affected by Bad Data
27%
of B2B Data
is Flawed
12%
of Revenue is Lost
from Bad Data
The impact of “bad” data is very high
$600 B = Cost of Bad Data for US Businesses
$3 Trillion = Cost of Bad Data for the US Economy
Source: Experian, Gartner, IDC, IBM
16
The struggle to find a “single source of truth” is real
0%
20%
40%
60%
80%
Lead
Generation
Marketing Customer
Relationships
Finance
80% 66%
54%
30%
Top Areas Impacted by Inaccurate Data
%ofCompaniesImpacted
High quality data fueled RingCentral’s growth and enabled
successful ABM deployment
Source: Demand Gen Report
17
How RingCentral optimized buyer
contact data and intelligence
18
Background
 I am the Chief Marketing Data Scientist,
reporting into Marketing Operations
 My overarching goal is to develop a single
source of truth to use across sales,
marketing and the whole organization
 When I started at RingCentral, the focus
was to increase our average deal size and
expand our Enterprise market share
My StoryAbout RingCentral
 Global provider of cloud unified
communications and collaboration
solutions.
 Trusted by over 350,000 organizations
worldwide
 Empower today’s mobile and distributed
workforces to be connected anywhere
and on any device
19
Goal: Increase our average deal size and expand
our Enterprise market share
 We deployed account based strategies across our sales and
marketing teams
 Our teams were able to collaborate on how to run plays on
both sides to sell into a company
 Key to our success: account based strategies rely on quality
data for success
20
ABM Operationalization
(Methodology)
Single Source
of Truth
Build TAM
Enhance w/
Signals
Build-Test-Deploy
Score(s)
Train Sales
Build ABM Selection, Audit & Management
Define
Personas
People
Coverage
21
47%
10%
27%
14%
18%
22%
8%
36%
2%
18%
0%
20%
40%
60%
80%
100%
# of Accounts Scoring Model
Revenue Potential
Account based strategies rely on reaching the right
decision makers at your target accounts
1
2
3
Define Personas and Find the Right People
Find Your Target Accounts
Grade your TAM with multiple buyer signals
Optimize Your Contact Data
Human verified data improves reach and efficiency
A
B
C
D
22
Define Personas and Find the Right People
1. Don’t strictly adhere to titles (many vendors are very literal)
• EX: We got “Professors of Sociology” when we asked for “CIO”
2. Decision makers reside across multiple departments: try to
identify job functions and job roles not just job titles
3. Be flexible: buyer personas can change across different
industries and verticals
4. Find a data vendor (like SaleScout) with Title Normalization
services
1
23
We used buyer signals to grade accounts from “A” to “D” with “A” as the best fit:
Find Your Target Accounts
Grade your TAM with multiple buyer signals
2
GROWTHALERT
Rapid growth in acompany’sheadcountor
revenue
RELOCATION
A company’sHQor branchis
changinglocations
CLOUDSERVICES
CloudcomputingandSaaS
ENGAGEMENT
Email andWeb
TELECOM& UC
On-siteVOIP,MPLS,PBX
AWARENESS
3rd Party Signals
Buyer Signals
Installed Technology Growth Signals Behavioral Signals
24
Optimize Your Contact Data
Human verified data improves reach and efficiency
Standardize your data
(lots of blended titles)
3
Filling in the “white” space
for leads and to find lookalikes
Contact-ability: right phone
number, email, address
25
Results
 Higher Accuracy
 Other vendors: 15-20% of titles drop out (don’t pass quality control)
 SaleScout: really low level of fallout and high level of accuracy
 SaleScout: alignment to RingCentral’s TAM increases operational efficiency
 Funnel Metrics
 95% deliverability
 3-4% lift in click through rates
 5-10% lift from MQL to SQL
 Higher rate of Sales Accepted Leads (SALs)
With higher quality leads, we developed greater trust between Sales and Marketing
26
Buyer Signals: Impact on Pipeline
83%
increase
in MRR
12%
decrease
in Cost/MRR
 330% above average in 12-month bookings
 66% improvement on Opportunity-to-Close Won
 5X typical LTV Per Close Won
 16% above average in fCPA* Per LTV
*Fully Loaded Cost Per Acquisition
27
Q&A
28
Company Overview
RingCentral, Inc. is an award-winning global
provider of cloud unified communications and
collaboration solutions.
Trusted by over 350,000 organizations
worldwide, RingCentral solutions empower
today’s mobile and distributed workforces to
be connected anywhere and on any device
through voice, video, team messaging,
collaboration, SMS, conferencing, online
meetings, contact center, and fax.
SaleScout Data Solutions is a B2B sales
intelligence and lead data provider to some of
the nation’s most recognized brands, including
RingCentral, CenturyLink, Iron Mountain,
MongoDB, and WeWork.
Using proprietary technologies, exclusive data
sources, and human verification, SaleScout
enables sales acceleration and rapid revenue
growth by delivering the most accurate and
qualified B2B sales and marketing solutions in
the market today.
29
Connect with us
Chris Lynde
Chief Executive Officer
SaleScout Data Solutions
salescoutdata.com
Email: clynde@salescoutdata.com
linkedin.com/in/clynde/
David Cowings
Chief Marketing Data Scientist
RingCentral
ringcentral.com
linkedin.com/in/david-cowings-858865/
Klaudia Tirico
Features Editor
Demand Gen Report
Demandgenreport.com
linkedin.com/in/klaudiatirico/
30
THANK YOU
#bii18
Q&A / Speakers
David Cowings
RingCentral
Chris Lynde
SaleScout
Klaudia Tirico
Demand Gen Report
#bii18
Register for more sessions now thru July 13th!
Join Our Next Session: What You Don't Know Can Hurt You: How Marketing
Can Close The Gap To Give Sales The Insights They Need
webinars.demandgenreport.com/bii18
Wednesday, July 11th
12:00 PM (EDT)

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How RingCentral Optimized Account-Based Insights and Buyer Intelligence To Ramp Up Demand

  • 1. #bii18 How RingCentral Optimized Account-Based Insights and Buyer Intelligence To Ramp Up Demand SPONSORED BY:
  • 2. #bii18 Your Source For The Latest B2B Marketing News & Trends demandgenreport.com twitter.com/DG_Report linkd.in/DG_Specialists
  • 3. February 25–27, 2019 SAVE THE DATE: Join Our B2BMXperts community: b2bmx.influitive.com/join/now Hyatt Regency, Scottsdale www.b2bmarketing.exchange
  • 4. #bii18 #bii18 Prize Pack: Register & Attend to Win Join all our #bii18 sessions live for the best chance to win • $10 Starbucks gift cards - 1 winner per session • Free passes to #B2BMX - 1 winner per day • $500 Expedia gift card - 1 winner per series
  • 5. How are we doing? #bii18 Questions, Tweets, Resources, Survey
  • 7. 7 How RingCentral Optimized Account-Based Insights and Buyer Intelligence (to Ramp Up Demand) July 10, 2018
  • 8. 8 Q&A Housekeeping Webinar will be recorded and made available to all participants afterwards Type in your questions in the Q&A panel on the right side of your screen We will answer your questions after today’s session
  • 9. 9 Topics How RingCentral optimized buyer contact data and intelligence Introductions The Cost of Bad Data (and the impact on your pipeline) Q & A Results and Pipeline Impact
  • 10. 10 Introductions David Cowings Chief Marketing Data Scientist RingCentral At RingCentral, David leads the Account Based Marketing (ABM) and Sales efforts to develop best in class marketing and sales-ops, data flows, enrichments and optimizations Chris Lynde Chief Executive Officer SaleScout Data Solutions Chris has 30+ years of experience in managing and growing data driven B2B and consumer marketing technology companies like Equifax, Experian, and EDS/Neodata. Klaudia Tirico Features Editor Demand Gen Report Editor for Demand Gen Report and ABM In Action, Retail TouchPoints. Coverage includes trends in marketing, sales and retail, and well as case studies, custom white papers and Ebooks, and bylines
  • 11. 11 The Cost of Bad Data (and the impact on your pipeline)
  • 12. 12 What do these failures have in common? …Bad Data New Coke Mars Orbiter Enron
  • 13. 13 What is “bad” data? Company Databases Duplicate Data • Multiple sources of data • Multiple systems/platforms Inaccurate Data • Human error • Data Decay Incomplete Data • CRM fill rates are low • Inconsistencies at data vendors
  • 14. 14 Why does data go “bad”? 3 - 5% data decay per month 8 million people change jobs every year 75 phone numbers change every 30 minutes 25% emails become invalid every year Source: GZ Consulting, RingLead, SaleScout
  • 15. 15 88% of Companies affected by Bad Data 27% of B2B Data is Flawed 12% of Revenue is Lost from Bad Data The impact of “bad” data is very high $600 B = Cost of Bad Data for US Businesses $3 Trillion = Cost of Bad Data for the US Economy Source: Experian, Gartner, IDC, IBM
  • 16. 16 The struggle to find a “single source of truth” is real 0% 20% 40% 60% 80% Lead Generation Marketing Customer Relationships Finance 80% 66% 54% 30% Top Areas Impacted by Inaccurate Data %ofCompaniesImpacted High quality data fueled RingCentral’s growth and enabled successful ABM deployment Source: Demand Gen Report
  • 17. 17 How RingCentral optimized buyer contact data and intelligence
  • 18. 18 Background  I am the Chief Marketing Data Scientist, reporting into Marketing Operations  My overarching goal is to develop a single source of truth to use across sales, marketing and the whole organization  When I started at RingCentral, the focus was to increase our average deal size and expand our Enterprise market share My StoryAbout RingCentral  Global provider of cloud unified communications and collaboration solutions.  Trusted by over 350,000 organizations worldwide  Empower today’s mobile and distributed workforces to be connected anywhere and on any device
  • 19. 19 Goal: Increase our average deal size and expand our Enterprise market share  We deployed account based strategies across our sales and marketing teams  Our teams were able to collaborate on how to run plays on both sides to sell into a company  Key to our success: account based strategies rely on quality data for success
  • 20. 20 ABM Operationalization (Methodology) Single Source of Truth Build TAM Enhance w/ Signals Build-Test-Deploy Score(s) Train Sales Build ABM Selection, Audit & Management Define Personas People Coverage
  • 21. 21 47% 10% 27% 14% 18% 22% 8% 36% 2% 18% 0% 20% 40% 60% 80% 100% # of Accounts Scoring Model Revenue Potential Account based strategies rely on reaching the right decision makers at your target accounts 1 2 3 Define Personas and Find the Right People Find Your Target Accounts Grade your TAM with multiple buyer signals Optimize Your Contact Data Human verified data improves reach and efficiency A B C D
  • 22. 22 Define Personas and Find the Right People 1. Don’t strictly adhere to titles (many vendors are very literal) • EX: We got “Professors of Sociology” when we asked for “CIO” 2. Decision makers reside across multiple departments: try to identify job functions and job roles not just job titles 3. Be flexible: buyer personas can change across different industries and verticals 4. Find a data vendor (like SaleScout) with Title Normalization services 1
  • 23. 23 We used buyer signals to grade accounts from “A” to “D” with “A” as the best fit: Find Your Target Accounts Grade your TAM with multiple buyer signals 2 GROWTHALERT Rapid growth in acompany’sheadcountor revenue RELOCATION A company’sHQor branchis changinglocations CLOUDSERVICES CloudcomputingandSaaS ENGAGEMENT Email andWeb TELECOM& UC On-siteVOIP,MPLS,PBX AWARENESS 3rd Party Signals Buyer Signals Installed Technology Growth Signals Behavioral Signals
  • 24. 24 Optimize Your Contact Data Human verified data improves reach and efficiency Standardize your data (lots of blended titles) 3 Filling in the “white” space for leads and to find lookalikes Contact-ability: right phone number, email, address
  • 25. 25 Results  Higher Accuracy  Other vendors: 15-20% of titles drop out (don’t pass quality control)  SaleScout: really low level of fallout and high level of accuracy  SaleScout: alignment to RingCentral’s TAM increases operational efficiency  Funnel Metrics  95% deliverability  3-4% lift in click through rates  5-10% lift from MQL to SQL  Higher rate of Sales Accepted Leads (SALs) With higher quality leads, we developed greater trust between Sales and Marketing
  • 26. 26 Buyer Signals: Impact on Pipeline 83% increase in MRR 12% decrease in Cost/MRR  330% above average in 12-month bookings  66% improvement on Opportunity-to-Close Won  5X typical LTV Per Close Won  16% above average in fCPA* Per LTV *Fully Loaded Cost Per Acquisition
  • 28. 28 Company Overview RingCentral, Inc. is an award-winning global provider of cloud unified communications and collaboration solutions. Trusted by over 350,000 organizations worldwide, RingCentral solutions empower today’s mobile and distributed workforces to be connected anywhere and on any device through voice, video, team messaging, collaboration, SMS, conferencing, online meetings, contact center, and fax. SaleScout Data Solutions is a B2B sales intelligence and lead data provider to some of the nation’s most recognized brands, including RingCentral, CenturyLink, Iron Mountain, MongoDB, and WeWork. Using proprietary technologies, exclusive data sources, and human verification, SaleScout enables sales acceleration and rapid revenue growth by delivering the most accurate and qualified B2B sales and marketing solutions in the market today.
  • 29. 29 Connect with us Chris Lynde Chief Executive Officer SaleScout Data Solutions salescoutdata.com Email: clynde@salescoutdata.com linkedin.com/in/clynde/ David Cowings Chief Marketing Data Scientist RingCentral ringcentral.com linkedin.com/in/david-cowings-858865/ Klaudia Tirico Features Editor Demand Gen Report Demandgenreport.com linkedin.com/in/klaudiatirico/
  • 31. #bii18 Q&A / Speakers David Cowings RingCentral Chris Lynde SaleScout Klaudia Tirico Demand Gen Report
  • 32. #bii18 Register for more sessions now thru July 13th! Join Our Next Session: What You Don't Know Can Hurt You: How Marketing Can Close The Gap To Give Sales The Insights They Need webinars.demandgenreport.com/bii18 Wednesday, July 11th 12:00 PM (EDT)

Hinweis der Redaktion

  1. A barred list.
  2. For the most part, the 16x9 is the “standard” template that will work across all machines, since most machines/monitors have widescreen. Also 16x9 allows you to insert more content (more space on the sides). - The 4x3 is specific for the projector screen in the 7th floor kitchen — since the pull down screen is NOT widescreen, 4x3 must be used if you want to project without any issues. However, using 4x3 would still be ok for widescreen/normal use, it’ll adjust accordingly. 
  3. Bullet lists can be in two columns. You can use two different colors (from the template color scheme shown earlier).
  4. Here are the triggers! Jean: This doesn’t show that the triggers have IT and CXO contacts attached to them.
  5. Here are the triggers! Jean: This doesn’t show that the triggers have IT and CXO contacts attached to them.
  6. Here are the triggers! Jean: This doesn’t show that the triggers have IT and CXO contacts attached to them.