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The answer: Keyaccountmanagement. In this comprehensive guide to keyaccountmanagement, you'll learn: The definition of keyaccountmanagement. How to know whether your company needs a keyaccountmanagementstrategy. How to identify keyaccounts.
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. Data-Driven Decision-Making Effective KAMs use data to stay one step ahead.
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.
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 account plan?
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?
Before attempting to develop a keyaccountmanagementstrategy, you must know how to identify these keyaccounts. Accurate identification will help you avoid rashly categorizing tail accounts as having strategic value. What is strategic accountmanagement? decline in win rates.
KeyAccountManagement (KAM) focuses on building long-term relationships, and aims to improve customer satisfaction – especially in a B2B scenario. A keyaccountmanager’s primary responsibility is ensuring that the needs of key clients are met, and that they remain satisfied with the company’s products and services.
Customer-Led and Team-Enabled Marketing In the evolving landscape of KeyAccountManagement (KAM), Account-Based Marketing (ABM) has emerged as a cornerstone for driving customer-centric innovation. By Dominique Ct CEO & Founder Cosawi Why isnt Marketing in the KAM/ SAM journey ?
First things first: find out what they want You can't adapt your accountstrategy until you understand what the new procurement team want. As a supplier, if you want to sell to procurement, you really need to understand things like the buying process, supplier management, supply chains, decisionmaking and more.
There are 10 immutable laws that shape the philosophy, outcomes and actions of high performing businesses, keyaccountmanagers and customer serving professionals over the long term. It’s knowing this that helps you to make better decisions. Here they are…. What do I mean by this? Don’t wait for this.
There are 10 immutable laws that shape the philosophy, outcomes and actions of high performing businesses, keyaccountmanagers and customer serving professionals over the long-term. It’s knowing this that helps you to make better decisions. Here they are…. What do I mean by this? Don’t wait for this.
This is especially true when it comes to the application of keyaccountmanagement and the elements that shape the success of existing customer management. Core question: How are we making ourselves easy to choose as a partner? What improvements can you make to the experience? SELECTION and ASSESSMENT.
What changes are your customers making today that may impact your relationship tomorrow? This is one of a dozen questions every organisation and keyaccount team must ask. The Change Decision. In both scenarios, the two organisations had to make some very important decisions. Let me share two examples.
Quality over Quantity: How Focusing on a Select Few Accounts Can Drive Greater Success in Digital KeyAccountManagement As digital KeyAccountManagement grows in relevance, many organizations find themselves confounded by the question of whether obtaining new customers is more important than retaining existing key clients.
This doesn’t mean it will be easy nor will you not have to make tough decisions. It just means the effort and tough decisions will be worthwhile. Selecting the right team and identifying those resources makes a big difference. Two – VUCA DecisionMaking. Identify the exact problem you need to solve.
This means that for keyaccountmanagers and sales teams, this means an org chart tool for Salesforce is no longer a nice-to-have its essential. An organizational chart (org chart) integrated with your CRM helps visualize all the decision-makers, influencers, and gatekeepers in one place.
Now, one of the biggest mistakes that we make is assuming that expectations remain the same throughout the course of our relationship with our customers. This is because we’re always looking to mitigate risk and elevate our ability to inspire confidence and particular decision-making. That is just false.
Every person and every organisation is currently seeking to make one or all of these adaptations. To make thoughtful changes quickly without impeding or restricting current operations. For your business, and particularly the view of who you’ll become to your customers, you must look at the actions and decisions you make more carefully.
A connected apps ecosystem in keyaccountmanagement involves the integration of your digital keyaccount planning tool with other tools in your sales tech and marketing tech stack. How does sales enablement currently manage this data? How do you keep track of all of this data?
This strategy forms the foundation of your approach to managing and developing relationships with your most important accounts. Customer Segmentation One of the first steps in crafting your accountstrategy is customer segmentation. Make sure you have clear measures for the customer, but also your team!
Let’s break it down: So, accountmanagement is the process of providing your customers with the best service, support and show opportunities for improvement. The practice involves managing relationships with customers and clients, and keeping them happy by making sure that their needs are met. What Is an AccountManager?
It requires thorough analysis, research, and insights to identify the right accounts and formulate effective accountmanagementstrategies. By leveraging data, market research, and customer insights, accountmanagers can make informed decisions, identify growth opportunities, and mitigate risks.
It provides the tools and knowledge to take Global AccountManagement to the next level and unlock your business’s full potential. Read Now: 4 Ways To Optimize Your Global KeyAccountManagement Understanding Global AccountManagement Embarking on the Global AccountManagement journey may seem a bit daunting at first!
With more decision makers at the table and longer sales cycles, obtainable milestones prevent sales teams from feeling overwhelmed. MARK: You’re handicapped as an organization if you don’t have a way to see what’s going on in your keyaccounts today and identify the pathways for optimal revenue growth tomorrow.
Richardson’s Prosperous AccountStrategy Training Program . Accountmanagement often has to be customer-centric and Richardson’s Prosperous AccountStrategy Program hits the nail on its head. Strengthening customer relationships is an important part of accountmanagement for customer success.
By talking to each other and by making sure that conversations are meaningful to both parties. The evolution of social and economic parameters or business models and the disruption caused by the sanitary crisis do not make them less important. Business Reviews in an AccountManagement context. On the contrary.
In 2016 I wrote a post on the five foundation steps for stakeholder management success in keyaccountmanagement, that was well received and guided lots of leaders. There’s a reduction in frustration and cost of time due to non-decisions, ghosting and a lack of customer cooperation. Trust goes a long way.
Woody Allen, Annie Hall KeyAccountManagement has always been built on a foundation of intuition backed by the wisdom from innumerable conversations, and strength of human relationships. Then, we build tools to extend our reach, sharpen our senses, and make the invisible visible. A relationship, I think, is like a shark.
Woody Allen, Annie Hall KeyAccountManagement has always been built on a foundation of intuition backed by the wisdom from innumerable conversations, and strength of human relationships. Then, we build tools to extend our reach, sharpen our senses, and make the invisible visible. A relationship, I think, is like a shark.
Woody Allen, Annie Hall KeyAccountManagement has always been built on a foundation of intuition backed by the wisdom from innumerable conversations, and strength of human relationships. Then, we build tools to extend our reach, sharpen our senses, and make the invisible visible. A relationship, I think, is like a shark.
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