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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.
Definition of keyaccountmanagement. If you're not sure what keyaccountmanagement is, don't worry, you're not alone. Before we get to that, let me explain how keyaccountmanagement became a business strategy. Keyaccountmanagers kept them. But that's not all.
How to be a better keyaccountmanager Do you want some quick wins to improve your keyaccountmanagement performance? That's what keyaccountmanagement is about after all. Review your keyaccountplans quarterly: what went well, what didn't go so well and why.
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.
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.
Strategic accountplanning process 1. Create your strategic accountplan Categories Objectives Initiatives 4. Review and revise your accountplan Strategic accountplan Excel template Strategic accountplanning resources. Make it clear what time frame this plan applies for.
The answer: Keyaccountmanagement. In this comprehensive guide to keyaccountmanagement, you'll learn: The definition of keyaccountmanagement. How to know whether your company needs a keyaccountmanagement strategy. How to identify keyaccounts.
So is AI expected to eat up your KeyAccountManager’s jobs as well? It depends on your KeyAccountManagement (KAM) maturity level, your approach to your KAM program, your goals, and how you want to roll with the AI punches. Are they on the chopping block too? That’s not all.
Do you know how the top keyaccountmanagers (KAMs) become the top KAMs? They don’t just respond to an account’s needs—they anticipate them, creating proactive strategies that build trust and deepen relationships. Getting there requires more than assuming the role.
“In a multi-phased approach, the local accountmanagement activities for the defined SV&I accounts have been transferred to the globally acting and responsible SV&I client business partners.”. We introduced the title of “client business partner” differentiating this role from the standard keyaccountmanagement function.
The terms AccountManagement (AM) and KeyAccountManagement (KAM) appear in a lot of business conversations and articles. KeyAccountManagement: A strategic choice and an act of faith. First, what people mean with each of them can vary tremendously which leads to misunderstandings.
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.
Polarized attitudes towards KeyAccountManagement. True KeyAccountManagement (KAM) or Strategic AccountManagement (SAM) remains a topic that polarizes the thinking and behaviours of business leaders. KeyAccountManagement, what is it really?
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.
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.
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?
15 Reasons Why You Might be a Bad AccountManager Bad keyaccountmanagers fail to build business relationships and achieve results. Here are fifteen signs you might be a bad keyaccountmanager and how to turn yourself into a good one. Has no plan Which clients need an accountplan?
Is your business and your keyaccountmanagement team growing fast? Do you feel like you're always playing catch-up and never have time for important projects, like developing processes that drive business growth or creating career paths for your keyaccountmanagers? Click to Tweet. Warwick: Same.
In sales, B2B accountplanning 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 B2B accountplanning and how sales teams can benefit from creating big plans for big companies.
Create a systematic plan to go after major accounts without dragging out sales cycles and inaccurately forecasting your quarterly pipeline. . Here, we’ll talk about how an accountplanning strategy can help you shorten your selling cycle and close major deals even faster than before. How do you do this?
By pulling in Slack’s ability to enable teams with real-time data transfer (that goes beyond just chatting to each other from living room couches, Starbucks lobbies, or corner offices) you give Salesforce an incredibly powerful accountplanning capability that speeds up cycles and boosts win rates for any sales org. Here’s how.
Portrait Software became a keyaccount, and within 18 months, that partnership led to winning the larger Pitney Bowes business. Which is why keyaccountmanagement is so important. High dependency means key. I would add that your strategy for resourcing and working with a keyaccount can be different.
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?
This article focuses on individual competencies, especially those of the KeyAccountManagers. It provides you with a precise description of the skills and competencies required from a true KeyAccountManager (not a plain entreprise customers sales rep). Defining Skills & Competencies.
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.
Available offerings range from more tactical point solutions – essentially one-size-fits-all apps designed to automate single elements of keyaccountplanning. In comparison, more strategic solutions offer a diverse array of features and functionalities to enable account-based planning and execution.
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.
Defining keyaccountmanagement. After much discussion The Association for KeyAccountManagement (AKAM), of which Alistair Taylor, Managing Partner of Brightbridge is a main Board Member, agreed on the following definition of keyAccountmanagement. Formal definitions.
Core Facets Of KeyAccountManagement In Life Sciences Managing relationships and building strategic plans to grow revenue across complex accounts is a part of day-today life for anybody in sales, marketing, or accountmanagement in the Life Sciences space.
Core Facets Of KeyAccountManagement In Life Sciences Managing relationships and building strategic plans to grow revenue across complex accounts is a part of day-today life for anybody in sales, marketing, or accountmanagement in the Life Sciences space.
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.
Keyaccountmanagement best practices ← Back to blog In today’s competitive landscape, effectively managingkeyaccounts is not just a strategy: It’s a necessity. The primary objective of this strategy is to either maintain or expand the profits derived from these key or strategic accounts.
KeyAccountManagement Maturity Framework In today’s competitive landscape, focusing solely on acquiring new business often leads to missed opportunities within existing keyaccounts. In fact, keyaccountmanagement (KAM) can drive significant growth—improving deal closure rates by up to 25%.
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).
Keyaccountmanagement vs. traditional sales ← Back to blog The game of sales and customer relations has changed – staying competitive is no longer just about making the sale; it’s about nurturing valuable, long-lasting relationships with your top-tier clients. Table of Contents What is KeyAccountManagement?
Evolving KeyAccountManagement: Perstorp's Journey with ARPEDIO Download full case study About Perstorp With a 140-year legacy, Perstorp stands as a pioneer in organic chemistry, shaping industries from mobile tech to animal nutrition, driven by sustainable solutions. Enhance forecast accuracy.
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. Challenges in Shifting to Digital KeyAccountManagement Shifting to Digital KeyAccountManagement also comes with its fair share of challenges.
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. What is KeyAccountManagement (KAM)?
With digital keyaccountmanagement tools , sales teams can offer numerous advantages over traditional methods, including increased security, convenience, and visibility. With keyaccountmanagement evolving and becoming more complex , organizations are turning to AI as a key differentiator and enabler.
[siteorigin_widget class=”SiteOrigin_Widget_Headline_Widget”][/siteorigin_widget] Two main reasons why it’s critical to know and understand your keyaccounts goals and objectives: You have to know and understand the. The post KeyAccountManagement Customer’s Goal and Objectives appeared first on Point N Time.
Keyaccounts are the 20% of accounts that generate 80% of your company revenue. Before attempting to develop a keyaccountmanagement strategy, you must know how to identify these keyaccounts. Let’s examine what strategic accountmanagement is and the best ways to approach it.
Digital KeyAccountManagement is the process of managing and growing a company’s most important customers using digital tools and technologies. It is essential for Sales Enablement , as it enables businesses to manage their keyaccounts more efficiently and effectively.
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