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Why is keyaccountmanagement important? Well, i f you don't have keyaccountmanagement in place, you could leave money on the table, be helpless to competitor threats and put your most valuable clients at risk of defection. Keyaccountmanagement is the secret to grow revenue and customer retention.
As conveners of the largest community in the world dedicated to strategic and keyaccountmanagement, one of SAMA’s foundational purposes is to help our community both adapt to what’s happening right now and prepare for what may happen next. At the 2020 SAMA Annual Conference (held virtually Nov.
Accountplanning and effective accountmanagement strategies are about much, much more than your keyaccounts. That said, any accountmanager worth their salt has a strategy for their keyaccounts. This is why so many attempts at effective accountplanning go wrong.
For years, KeyAccountManagement (KAM) has been confined within the walls of CRM systemsSalesforce, Microsoft Dynamics, and HubSpot. The logic was straightforward: if customer data already lives inside a CRM, why managekeyaccounts elsewhere? KeyAccountManagement is not an extension of sales.
The terms AccountManagement (AM) and KeyAccountManagement (KAM) appear in a lot of business conversations and articles. Elements related to the customer profile and to the competitive position on the account can also be taken into account. Being crystal clear about this will avoid many trouble.
KeyAccountManager or Strategic Ecosystem Leader? KeyAccountManager or Strategic Ecosystem Leader? ? On September 15th, more than eighty KeyAccountManagers (KAM) assembled in Copenhagen and online for a hybrid event. October 11, 2021. October 11, 2021. Back to blog. Denise Freier.
In sales, B2Baccountplanning is kind of like plotting a heist, minus the stealing. The same principle applies: the bigger the prize, the more aggressive and daring your plan has to be. Here’s what the data say about B2Baccountplanning and how sales teams can benefit from creating big plans for big companies.
Are you doing keyaccountmanagement the hard way? Effective keyaccountmanagement requires you to increase profits, develop relationships, increase satisfaction, grow revenue, improve retention and reduce conflict. Let's take a look at 7 of my favourite keyaccountmanagement tools.
AccountPlanning Template for B2B Sales Teams You can steal the keyaccountplan template we use with customers here. We’ll cover each part including: Business Overview Objectives & goals Relationship Mapping White Space (Expansion) Action Introduction: What is AccountPlanning?
KAM Technology & Use Cases in 2025 KAM technology plays a crucial role in supporting these best practices by providing powerful tools and features that streamline and enhance keyaccountmanagement processes. Interested in seeing a KeyAccountManagement solution to help you retain and grow key customers?
Why large accounts are not keyaccountsKeyaccounts are your most valuable customers, and organisations frequently rely on volume to identify them. For many B2B companies, their largest customers represent 30 to 50% of total revenue and margin. Which is why keyaccountmanagement is so important.
All interviews were excellent and insightful but some went off in directions that we had not planned at the outset. This blog is about the fundamentals of KeyAccountManagement (KAM) but that was not the topic I had in mind when I interviewed Joe Edwards. KeyAccountManagement. KeyAccountPlans.
As a company, business unit or sales leaders, here are a few facts to keep in mind: First, In B2B, on average, 70% of revenue comes from existing customers. For a blog post on the difference between AccountManagement and KeyAccountManagement, go here. Business Reviews in a KeyAccountManagement context.
KAM Glossary (with 65 Definitions) To help strategic accountmanagers / keyaccountmanagers /sales professionals enhance their understanding of KeyAccountManagement (KAM) , this glossary provides clear and concise definitions and explanations of essential terms, definitions, and concepts related to keyaccountmanagement.
In sales, B2Baccountplanning is kind of like plotting a heist, minus the stealing. The same principle applies: the bigger the prize, the more aggressive and daring your plan has to be. Here’s what the data say about B2Baccountplanning and how sales teams can benefit from creating big plans for big companies.
AI-driven analytics can flag accounts that are at risk of churn by analyzing email response rates, recent product usage, and support interactions. Why do you need an AI Accountmanagement tool? Top AI-Powered Tools for AccountManagers in 2025 1. suggesting relevant case studies based on industry and deal stage).
It dawned on me the striking simplicity parallel to B2B selling. If you want to run a successful B2B business, it should be focused on acquiring large customers and growing the number of users or products inside those keyaccounts. This is typically done through something called keyaccountmanagement.
How can effective accountmanagement help you defend and grow revenue? As you’ll see, lone wolf selling is quickly losing efficacy in a B2B business world that puts a premium on relationships. Sellers can take these lessons and use them to land new, keyaccounts, but also grow revenue in all accounts.
The world of B2B selling has transformed dramatically in recent years, as the shift towards digitalization has changed the way businesses interact with one another. With the growing size of buying groups in the digital age, it is imperative to consider factors that play into the challenges and benefits of digital keyaccountmanagement.
Is a keyaccountmanager the same as a sales manager? Meet Anna, a diligent Sales Manager at Brilliant Solutions , a thriving software company specializing in cutting-edge automation tools. Her daily tasks revolve around driving sales, managing the sales team, and ensuring sales targets are met.
Your job as a keyaccountmanager is to deliver the kind of value that convinces your clients to stay in the loop. Many B2B buyers prefer to issue RFPs to Re-evaluate scope, specifications and requirements. Be transparent and accountable for purchasing decisions. Include a SWOT analysis in your accountplan.
The quest for the right solution is never-ending in B2B spheres, as organizational needs constantly change and evolve. With digital keyaccountmanagement tools , sales teams can offer numerous advantages over traditional methods, including increased security, convenience, and visibility.
One Page KeyAccountPlan Guide & Template. Say goodbye to complicated accountplans that don't work. Grab this free easy-to-follow guide that will have you writing a successful keyaccountplan in no time! The world's most amazing community of keyaccountmanager.
Why should you adopt Digital KeyAccountManagement? What are some of the benefits of adopting digital accountplanning solutions for your keyaccounts? How will it be different from the existing accountmanagement strategies that you have adopted for your keyaccounts?
What is KeyAccountManagement? KeyAccountManagement (KAM) is a strategic approach to managing and nurturing relationships with a select group of high-value customers or clients, known as keyaccounts. Book demo The post KeyAccountManagement – What is it?
ManagingB2B deals means dealing with buying committees theres rarely a single decision-maker. You can see key players in HubSpot, that can strategize: e.g., identify a VP who needs nurturing or spot a missing contact in finance who could veto my deal. Its a must-have for strategic sales and accountplanning.
Success lies in a tailored, strategic approach to customer success management. One that leverages KeyAccountManagement (KAM) principles to retain customers and transform them into brand advocates. Shockingly, just over 20% of B2B companies consistently measure and act on insights from customer experience.
DemandFarm DemandFarm is purpose-built for keyaccountmanagers, particularly for those who manage complex account-based sales processes. Performance Tracking Monitor account KPIs in real-time, ensuring your efforts are data-driven and aligned with organizational objectives. Why Should You Consider It?
I stumbled across a research paper on co-creating value in B2B systems and thought it'd make a good topic to chat with you about. You need a long term planning horizon for co-creation. And to stay on track, you need accountplanning and coordination processes in place. And why does it even matter? You can do this alone.
Why should B2B organizations adopt KAM Technology With recent economic headwinds tightening everyone’s purse strings, driving growth from existing customers is in vogue. As acquisition becomes increasingly expensive, cross-sell and up-sell initiatives are the latest poster child(ren) of B2B revenue growth.
Yet that is what is happening with the majority of B2B sales teams. So, how do you think sales enablement will benefit keyaccountmanagers? Proper sales enablement tools will enable keyaccountmanagers to effectively do upsells and cross-sells and share information on the companys happenings and improvements.
AccountPlanning Growth Strategy For businesses looking to grow their revenue and achieve their goals, an effective account growth strategy is essential. This strategy involves developing a comprehensive plan to manage and grow the customer accounts that are critical to the business’s success.
Fortunately, Salesforce and the right keyaccountmanagement platform can make finding and reaching the key stakeholders easier than you think. Here are five strategies top B2B sales teams use to find buying groups, connect with customers, and drive purchasing decisions into deals. ” Why?
Fortunately, Salesforce and the right keyaccountmanagement platform can make finding and reaching the key stakeholders easier than you think. Here are five strategies top B2B sales teams use to find buying groups, connect with customers, and drive purchasing decisions into deals. ” Why?
of sales organizations don’t take advantage of accountplanning to grow their strategic accounts. Why isn’t everyone successful when it comes to keyaccountmanagement? The 5 Challenges of Growing KeyAccounts. 5. Managing Your Tech Stack. Unfortunately, CSO Insights notes that 56.5%
Recent economic headwinds have spurred organizations to rethink keyaccountmanagement (KAM). B2B companies are keen on swapping hit-or-miss approaches with repeatable processes that guarantee retention and growth. Static plans and lack of clarity on how to standardize best practices across their keyaccounts.
A connected apps ecosystem in keyaccountmanagement involves the integration of your digital keyaccountplanning tool with other tools in your sales tech and marketing tech stack. When a lot of tools are used to keep track of your accounts, you will often operate in silos within your ecosystem.
[siteorigin_widget class=”SiteOrigin_Widget_Headline_Widget”][/siteorigin_widget] When you break it down there are 5 elements for highly successful B2B marketing campaigns to nurture customers and prospects, regardless of your. The post Five Key Elements for Successful B2B Marketing appeared first on Point N Time.
Where To Start In the complex world of B2B sales and accountmanagement, success hinges on the ability to develop and execute a robust accountmanagement strategy. We’ll walk through the key components of building an effective accountmanagement strategy that drives revenue, customer retention, and loyalty.
Point N Time Software, a Salesforce ISV partner and leader in keyaccountmanagement in the Salesforce.com ecosystem and Leading Edge Coaching, B2B sales growth. The post Strategic Partnership For Managing Complex KeyAccounts appeared first on Point N Time.
As turbulent socioeconomic factors continue to put revenue forecasts at risk, B2B organizations are looking inward to strengthen the strongest player in their arsenal – their strategic accounts. Technology is no longer a nice-to-have to boost the performance of your strategic accounts. vs DemandFarm Pricing Pricing model.
If you’re part of a B2B sales team, chances are that ABS as a strategy is on your radar. Account Based Selling (ABS) burst into the spotlight in the mid 2010s and has been steadily gaining traction as the go-to approach among B2B sales organizations. Who wouldn’t want to unlock the full potential of their keyaccounts?
Watch Now: Prasad Varahabhatla (Senior Director, Sales & Data Operations at Philips) shares about Digital transformation within sales function Understanding KeyAccountManagement and Sales Enablement Before understanding the role of a digital mindset, let’s take a look at the fundamentals of keyaccountmanagement and sales enablement.
In reality, account-based selling is all about shifting the focus from inward to outward, and thus getting a deeper understanding of the businesses you operate with. We dived a little deeper into best practices on setting sales goals and how to be successful with keyaccountmanagement and account-based selling.
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