Gong > Case Studies > Allbound: How Gong Helped Allbound Improve Six Key Sales Outcomes

Allbound: How Gong Helped Allbound Improve Six Key Sales Outcomes

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Company Size
11-200
Region
  • America
Country
  • United States
Product
  • Allbound SaaS platform
  • Gong conversation intelligence platform
Tech Stack
  • SaaS
  • Conversation Intelligence
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Customer Satisfaction
  • Productivity Improvements
  • Revenue Growth
Technology Category
  • Analytics & Modeling - Real Time Analytics
  • Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
  • Software
Applicable Functions
  • Sales & Marketing
Use Cases
  • Predictive Quality Analytics
Services
  • Data Science Services
  • System Integration
About The Customer
Allbound is a software company based in Phoenix, Arizona. Founded in 2014, the company offers a channel partner SaaS platform that helps other companies accelerate their recurring revenue. The company has over 25 employees and operates in the channel partner software industry. In December 2016, Greg Reffner, previously at Act-On Software, was hired as Allbound’s Director of Sales. The company was facing challenges with its sales process, particularly in handling conversations with prospects, which was negatively impacting key sales outcomes.
The Challenge
When Greg Reffner joined Allbound as Director of Sales in 2016, he noticed that the organization's approach to conversations with prospects was flawed. The lack of visibility into sales and customer calls meant that no one realized the extent of the improvement needed. Key sales outcomes were falling short of projections, and Greg attributed this to the mismanagement of sales conversations with prospects. The sales cycle was dragging on for 92 days, win-rates were in single-digit percentages, and deals were stalling in the pipeline. As a result, customer acquisition costs (CAC) were high.
The Solution
Greg implemented the Gong conversation intelligence platform, which he had previously used at Act-On. The platform automatically records, transcribes, and analyzes sales team calls and demos. Greg aimed to uncover areas of the sales process that needed fixing and help his reps sell more effectively. He wanted to bring transparency to all prospect conversations to shift the company back to its customer-centric roots. After analyzing sales conversation trends, Greg discovered that every lost deal was due to their price point being significantly higher than what their market could bear. This led to a shift in their pricing model to align with their target market. Greg also identified a lack of rigor in how reps were qualifying prospects and securing next steps. He started coaching his team on how to qualify the buying process, quantify pain, and secure next steps. Once the major issues in the sales process were corrected, the focus shifted to ongoing coaching.
Operational Impact
  • Sales Cycle Length was reduced from 92 days to 16 days.
  • Forecast Accuracy was boosted by 85%.
  • Onboarding Ramp Time for new sales hires was significantly reduced.
  • The company was able to refine parts of their sales process that were already going well, but could be even better.
Quantitative Benefit
  • Increase in win-rates by 2.5 times.
  • 76 days shaved off sales cycle.
  • 40% decrease in Customer Acquisition Cost (CAC).
  • 58 days shaved off onboarding ramp time.
  • 85% increase in forecast accuracy.

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