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Satisloh
Digitalizes And Globalizes Their
Sales With In Mind Cloud
SUCCESS STORY
2019
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
Contact us to plan
your Company
success!
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
The Company
Satisloh, part of Essilor Group, is a global leader in
machine manufacturing for ophthalmic and precision
optics lenses with a 95 years history of innovative lens
manufacturing solutions for surfacing, grinding,
centering, polishing, coating and finishing equipment.
Having a worldwide presence, Satisloh strives to provide
ongoing local service and support for their solutions and
tools to ensure maximum customer satisfaction.
Website
http://www.satisloh.com
KEYFACTS
Company Name
Satisloh AG, Member of the Essilor Group
Industry
Mechanical Engineering
Products/Services
Machines for the ophthalmic and precision optics
industry; consumables, tools and services support
Headquarters
Baar Switzerland
Subsidiaries
10
Number of
employees
950
Revenue
305
Million Euro
(without Essilor
Group)
Company
History
95
Years
SUCCESS STORY 2019 | 01
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
Satisloh’s main strategic goal became to unify all their
quoting to provide accurate prices, correct Terms &
Conditions and error-free approval processes for
national and international sales teams: namely to
digitalize and globalize Satisloh’s sales organization.
The Challenge: Extended Sales/Production Cycles And
High Cost Of Error
SUCCESS STORY 2019 | 02
Will Daniels
Head of Global Aftermarket Operations
of Satisloh explains the initial situation
of the company:
“Every region of our sales used a different
platform to provide customer quotation,
which led to incorrect pricing and
configurations as well as outdated terms &
conditions. Customer satisfaction is our
utmost priority which is why we waved
quoting errors in pricing 100% in favour of
our customers. Ultimately, we were losing
hundreds of thousands of dollars in
equipment deals due to misquotation.”
Satisloh, headquartered in Switzerland, is
manufacturing configurable machines for the
ophthalmic and precision optics industry on a global
market. Aiming to balance customer requirements and
target margins, Satisloh’s sales teams around the world
were challenged by the following:
• Heterogeneous, partially manual quoting practices
across regions leading to extended cycle-times,
inaccurate prices, non-producible product
configurations, sub-optimal product combinations
and wrong business terms
• Manual order processing leading to delays and
missed opportunities especially in the spare parts
and consumables business
• Largely manually composed business forecasts
leading to inefficiencies and missed opportunities to
fill pipeline gaps and optimize manufacturing
utilization
• Speed to bring innovation such as new feature to
salesforce and market
• Limited capability to forecast demand with impact on
lead times during order processing and fulfillment
Extended sales and production cycles in combination
with a high cost of error and therewith lost revenue led
Satisloh to rethink their commercial approach.
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
Following Satisloh’s goals In Mind Cloud provided and
customized a solution for them to digitalize their sales
and tackle their specific challenges.
The In Mind Cloud
Solution
Sales Management
Making Fast And Informed Business Decisions
With Accurate Forecasts
In Mind Cloud’s solution includes: Sales Management,
Sales Simplification, Sales Optimization and
Engineering Sales Modules with Configure Price
Quote functionality, fully integrated into SAP C/4 and
SAP ERP.
SUCCESS STORY 2019 | 03
Accurate Pipeline Forecast
to manage, prioritize and upsell
profitably to the highest customer
satisfaction
Opportunity Prioritization to
enable acting on the most profitable
business opportunities and fast
conversion
Productivity Analytics to
connect insights about Satisloh’s
production with sales pipelines
Process Orchestration to empower
Satisloh to globalize and scale their
business flexibly and integrate
seamlessly into front and back-end
systems
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
Sales Optimization
Global Pricing And Margin Control
Sales Simplification
Fast Manufacturing-Ready Quotes
SUCCESS STORY 2019 | 04
Interactive Costing & Pricing making
relevant data available to compute and
calculate costs and prices in real-time
with consistent and always up to date
price information from SAP ERP via
External Pricing
Sales Guidance helping Satisloh’s
global teams to spend less time quoting
and more time actively selling
supporting regional product and
configuration strategies
Proposal Generation to create
standardized, branded and compelling
localized sales documents for complete,
consistent and fast proposals including
advanced price break downs
Discount & Margin Management to
deliver viable quotations even faster whilst
adhering to complex discounting rules
supporting regional pricing strategies and
market dynamics
Sales Collaboration bridging knowledge
to people while capturing all relevant data
in one system including routing and
approval management
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
With In Mind Cloud’s scalable solution Satisloh has been
able to achieve fast roll-outs to their global sales teams and
is now planning to enhance aftermarket sales to meet
growing customer demands and increase market
penetration.
“The implementation was very
straight forward with a time frame of
4 months while the collaboration with
In Mind Cloud was excellent and the
team very flexible,” Will Daniels
explained.
Engineering Sales
Speedy Time-To-Quote At Lowered Cost Of Sales
SUCCESS STORY 2019 | 05
Excellent Collaboration And
Straightforward Implementation
Tender Composition with creation and
maintenance of product models in Excel and
direct upload to the system
Production Knowledge to centralize and
provide constantly changing price and cost
information throughout the entire life-cycle
of Satisloh’s projects and end-to-end accuracy
via creation of Sales Orders in SAP ERP
Business Operations: Speed-to-Market for Satisloh’s
innovations to overtake the competition
One of the key benefits that Satisloh achieved with In
Mind Cloud’s solution was to accelerate
speed-to-market for new products and features and to
produce manufacturing-ready quotes with accurate
costs and prices in a very short time.
Operating in a global and competitive market, for
Satisloh the digitalization of their sales was of utmost
strategic interest. “Every deal means everything to both,
us and our competitors, so every deal is extremely
important. In Mind Cloud’s solution allows us to keep
our fingers on the pulse and loose as little as possible in
this race.”
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
With the mission to promote a high level of customer
satisfaction and at the same time to maximize revenue,
Satisloh is planning to digitalize and streamline their
aftermarket sales via In Mind Cloud’s Sales Portal
module. Satisloh’s goal is to offer spare parts,
consumables and services to configure and order
directly via a seamlessly connected e-commerce portal.
With this step Satisloh ensures the accuracy of
configurations and prices for aftermarket sales with the
least cost of sales and increased revenue through
improved customer experience.
The Results: Globalized
Sales Boost And Shortened
Time-To-Market For
Innovations
“Within the first year of sales
operations after implementation of
the CRM and In Mind Cloud’s
solution, we experienced a 3-5%
growth. Overall deal closure rates
improved, and the solution helped us
to focus on the most important
opportunities, as well as to execute
these sales deals flawlessly ,” Will
Daniels summarizes the financial
impact of the sales digitalization
measures.
“Through providing accurate quotes
with accurate terms and conditions
we were able to save a massive
amount in wrong orders per year.
Additionally, the number of changes
in production dropped from 26
product changes to less than 5
contributing to the massive savings
that we achieved during the past
year.”
Future Plans:
Maximize Revenue Via
Sales Portal
Will Daniels reports: “Thanks to In
Mind Cloud, our product models are
now being managed by the business
side. This boosts our agility on the
market to a maximum and reduces
lead times significantly. In the last
year Satisloh introduced 23 new
technologies and features and we
were able to bring these innovations
to the market almost instantaneously.
In the past this would have taken us 4
weeks.”
SUCCESS STORY 2019 | 06
Financial Impact: Business
Growth And Lowered Cost
Of Sales And Production
In addition to shorter sales cycles and a rise in sales
efficiency, Satisloh was able to increase bottom as well as
top line profitability:
Copyright © In Mind Cloud Pte Ltd. All rights reserved.
Strategic Goal Achievements: Accurate Forecasts
Empowers Satisloh’s Decision Making And Product
Management
SUCCESS STORY 2019 | 07
0
20
Before
After
12
4
0
20
40
Before
After
28
6
30%
60%
90%
Before After
50%
70%
Change in Orders
[nb. of changes per order]
Forecast Accuracy
Order Lead Time
[weeks]
50%
Cost of Error
With the introduction of the CRM and In Mind Cloud’s
solution Satisloh’s decision making was empowered via
accurate forecasts extending from production to sales
to future product management.
Due to the combined values of a shortened
R&D-to-revenue time frame, increased turnover from
higher deal volumes and closure rates plus an improved
decision making via forecasting accuracy, Satisloh was
able to secure their market position as a leader in
machine manufacturing for the optics industry.
“Pipeline simulation and forecasting
capabilities have given us the ability
to fill in the gaps in sales and
production pipelines. Before, our
production floor used to have peaks
and valleys, now we are able to
balance sales performances and keep
production stable. Furthermore,
accurate production forecasts
including the likelihood of the deal to
complete to entire configuration and
costing details helped us to improve
accuracy in forecasting 4 times. We
can now see the performance of each
machine or product to be sold, how
many lost deals we have and what
might be the reason for that. We can
quickly make decisions on pricing
adjustments and product
management to achieve strategic
goals and ensure future growth”,
Will Daniels explains.
OUR OFFICES:
HQ & ASIA
In Mind Cloud
35 Ann Siang Road
Singapore 069714.
EUROPE & NORTH AMERICA
In Mind Cloud (German Branch)
Theresienstraße 1
80333 Munich, Germany.
GREATER CHINA
In Mind Cloud (China Branch)
Suite 4C07, Mindray Building D1, No. 12
South Science and Technology Road,
High-Tech Industrial Park, Nanshan,
Shenzhen City, Guangdong 518000, China.
www.inmindcloud.com
Contact us to plan
your Company
success!
Copyright © In Mind Cloud Pte Ltd. All rights reserved.Images courtesy of Satisloh AG.

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Manufacturing x - Success Story 2019 - Satisloh

  • 1. Satisloh Digitalizes And Globalizes Their Sales With In Mind Cloud SUCCESS STORY 2019 Copyright © In Mind Cloud Pte Ltd. All rights reserved. Contact us to plan your Company success!
  • 2. Copyright © In Mind Cloud Pte Ltd. All rights reserved. The Company Satisloh, part of Essilor Group, is a global leader in machine manufacturing for ophthalmic and precision optics lenses with a 95 years history of innovative lens manufacturing solutions for surfacing, grinding, centering, polishing, coating and finishing equipment. Having a worldwide presence, Satisloh strives to provide ongoing local service and support for their solutions and tools to ensure maximum customer satisfaction. Website http://www.satisloh.com KEYFACTS Company Name Satisloh AG, Member of the Essilor Group Industry Mechanical Engineering Products/Services Machines for the ophthalmic and precision optics industry; consumables, tools and services support Headquarters Baar Switzerland Subsidiaries 10 Number of employees 950 Revenue 305 Million Euro (without Essilor Group) Company History 95 Years SUCCESS STORY 2019 | 01
  • 3. Copyright © In Mind Cloud Pte Ltd. All rights reserved. Satisloh’s main strategic goal became to unify all their quoting to provide accurate prices, correct Terms & Conditions and error-free approval processes for national and international sales teams: namely to digitalize and globalize Satisloh’s sales organization. The Challenge: Extended Sales/Production Cycles And High Cost Of Error SUCCESS STORY 2019 | 02 Will Daniels Head of Global Aftermarket Operations of Satisloh explains the initial situation of the company: “Every region of our sales used a different platform to provide customer quotation, which led to incorrect pricing and configurations as well as outdated terms & conditions. Customer satisfaction is our utmost priority which is why we waved quoting errors in pricing 100% in favour of our customers. Ultimately, we were losing hundreds of thousands of dollars in equipment deals due to misquotation.” Satisloh, headquartered in Switzerland, is manufacturing configurable machines for the ophthalmic and precision optics industry on a global market. Aiming to balance customer requirements and target margins, Satisloh’s sales teams around the world were challenged by the following: • Heterogeneous, partially manual quoting practices across regions leading to extended cycle-times, inaccurate prices, non-producible product configurations, sub-optimal product combinations and wrong business terms • Manual order processing leading to delays and missed opportunities especially in the spare parts and consumables business • Largely manually composed business forecasts leading to inefficiencies and missed opportunities to fill pipeline gaps and optimize manufacturing utilization • Speed to bring innovation such as new feature to salesforce and market • Limited capability to forecast demand with impact on lead times during order processing and fulfillment Extended sales and production cycles in combination with a high cost of error and therewith lost revenue led Satisloh to rethink their commercial approach.
  • 4. Copyright © In Mind Cloud Pte Ltd. All rights reserved. Following Satisloh’s goals In Mind Cloud provided and customized a solution for them to digitalize their sales and tackle their specific challenges. The In Mind Cloud Solution Sales Management Making Fast And Informed Business Decisions With Accurate Forecasts In Mind Cloud’s solution includes: Sales Management, Sales Simplification, Sales Optimization and Engineering Sales Modules with Configure Price Quote functionality, fully integrated into SAP C/4 and SAP ERP. SUCCESS STORY 2019 | 03 Accurate Pipeline Forecast to manage, prioritize and upsell profitably to the highest customer satisfaction Opportunity Prioritization to enable acting on the most profitable business opportunities and fast conversion Productivity Analytics to connect insights about Satisloh’s production with sales pipelines Process Orchestration to empower Satisloh to globalize and scale their business flexibly and integrate seamlessly into front and back-end systems
  • 5. Copyright © In Mind Cloud Pte Ltd. All rights reserved. Sales Optimization Global Pricing And Margin Control Sales Simplification Fast Manufacturing-Ready Quotes SUCCESS STORY 2019 | 04 Interactive Costing & Pricing making relevant data available to compute and calculate costs and prices in real-time with consistent and always up to date price information from SAP ERP via External Pricing Sales Guidance helping Satisloh’s global teams to spend less time quoting and more time actively selling supporting regional product and configuration strategies Proposal Generation to create standardized, branded and compelling localized sales documents for complete, consistent and fast proposals including advanced price break downs Discount & Margin Management to deliver viable quotations even faster whilst adhering to complex discounting rules supporting regional pricing strategies and market dynamics Sales Collaboration bridging knowledge to people while capturing all relevant data in one system including routing and approval management
  • 6. Copyright © In Mind Cloud Pte Ltd. All rights reserved. With In Mind Cloud’s scalable solution Satisloh has been able to achieve fast roll-outs to their global sales teams and is now planning to enhance aftermarket sales to meet growing customer demands and increase market penetration. “The implementation was very straight forward with a time frame of 4 months while the collaboration with In Mind Cloud was excellent and the team very flexible,” Will Daniels explained. Engineering Sales Speedy Time-To-Quote At Lowered Cost Of Sales SUCCESS STORY 2019 | 05 Excellent Collaboration And Straightforward Implementation Tender Composition with creation and maintenance of product models in Excel and direct upload to the system Production Knowledge to centralize and provide constantly changing price and cost information throughout the entire life-cycle of Satisloh’s projects and end-to-end accuracy via creation of Sales Orders in SAP ERP
  • 7. Business Operations: Speed-to-Market for Satisloh’s innovations to overtake the competition One of the key benefits that Satisloh achieved with In Mind Cloud’s solution was to accelerate speed-to-market for new products and features and to produce manufacturing-ready quotes with accurate costs and prices in a very short time. Operating in a global and competitive market, for Satisloh the digitalization of their sales was of utmost strategic interest. “Every deal means everything to both, us and our competitors, so every deal is extremely important. In Mind Cloud’s solution allows us to keep our fingers on the pulse and loose as little as possible in this race.” Copyright © In Mind Cloud Pte Ltd. All rights reserved. With the mission to promote a high level of customer satisfaction and at the same time to maximize revenue, Satisloh is planning to digitalize and streamline their aftermarket sales via In Mind Cloud’s Sales Portal module. Satisloh’s goal is to offer spare parts, consumables and services to configure and order directly via a seamlessly connected e-commerce portal. With this step Satisloh ensures the accuracy of configurations and prices for aftermarket sales with the least cost of sales and increased revenue through improved customer experience. The Results: Globalized Sales Boost And Shortened Time-To-Market For Innovations “Within the first year of sales operations after implementation of the CRM and In Mind Cloud’s solution, we experienced a 3-5% growth. Overall deal closure rates improved, and the solution helped us to focus on the most important opportunities, as well as to execute these sales deals flawlessly ,” Will Daniels summarizes the financial impact of the sales digitalization measures. “Through providing accurate quotes with accurate terms and conditions we were able to save a massive amount in wrong orders per year. Additionally, the number of changes in production dropped from 26 product changes to less than 5 contributing to the massive savings that we achieved during the past year.” Future Plans: Maximize Revenue Via Sales Portal Will Daniels reports: “Thanks to In Mind Cloud, our product models are now being managed by the business side. This boosts our agility on the market to a maximum and reduces lead times significantly. In the last year Satisloh introduced 23 new technologies and features and we were able to bring these innovations to the market almost instantaneously. In the past this would have taken us 4 weeks.” SUCCESS STORY 2019 | 06 Financial Impact: Business Growth And Lowered Cost Of Sales And Production In addition to shorter sales cycles and a rise in sales efficiency, Satisloh was able to increase bottom as well as top line profitability:
  • 8. Copyright © In Mind Cloud Pte Ltd. All rights reserved. Strategic Goal Achievements: Accurate Forecasts Empowers Satisloh’s Decision Making And Product Management SUCCESS STORY 2019 | 07 0 20 Before After 12 4 0 20 40 Before After 28 6 30% 60% 90% Before After 50% 70% Change in Orders [nb. of changes per order] Forecast Accuracy Order Lead Time [weeks] 50% Cost of Error With the introduction of the CRM and In Mind Cloud’s solution Satisloh’s decision making was empowered via accurate forecasts extending from production to sales to future product management. Due to the combined values of a shortened R&D-to-revenue time frame, increased turnover from higher deal volumes and closure rates plus an improved decision making via forecasting accuracy, Satisloh was able to secure their market position as a leader in machine manufacturing for the optics industry. “Pipeline simulation and forecasting capabilities have given us the ability to fill in the gaps in sales and production pipelines. Before, our production floor used to have peaks and valleys, now we are able to balance sales performances and keep production stable. Furthermore, accurate production forecasts including the likelihood of the deal to complete to entire configuration and costing details helped us to improve accuracy in forecasting 4 times. We can now see the performance of each machine or product to be sold, how many lost deals we have and what might be the reason for that. We can quickly make decisions on pricing adjustments and product management to achieve strategic goals and ensure future growth”, Will Daniels explains.
  • 9. OUR OFFICES: HQ & ASIA In Mind Cloud 35 Ann Siang Road Singapore 069714. EUROPE & NORTH AMERICA In Mind Cloud (German Branch) Theresienstraße 1 80333 Munich, Germany. GREATER CHINA In Mind Cloud (China Branch) Suite 4C07, Mindray Building D1, No. 12 South Science and Technology Road, High-Tech Industrial Park, Nanshan, Shenzhen City, Guangdong 518000, China. www.inmindcloud.com Contact us to plan your Company success! Copyright © In Mind Cloud Pte Ltd. All rights reserved.Images courtesy of Satisloh AG.