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Sales maps for keyaccounts tend to be quite complex with many stakeholders. Next let’s investigate the keyaccountmanagement process To be effective at managingkeyaccounts, sellers need a strong and repeatable process in place. Todd says he knows it sounds simple.
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. Core Traits of High-Performing AccountManagers 1.Relationship
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. The post KeyAccountManager or Strategic Ecosystem Leader?
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?
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.
Create contact plans to keep in touch with keystakeholders in your company and your client's. Your job as a keyaccountmanager is to deliver the kind of value that convinces your clients to stay in the loop. GRAHAM Different stakeholders will value different things. Stakeholders value business improvement.
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)?
KeyAccountManagement (KAM) thrives on strong relationships, and there is no denying that. But it also demands precise account planning, strategic execution, data-driven decision-making, and seamless cross-functional collaboration. How RevOps Helps in KeyAccountManagement?
For example don't say "meet with keystakeholders" when the job description has identified who those stakeholders are and you can say "meet with Product Management and Technical" instead. Here's the job description for a Senior KeyAccountManager at Amazon , advertised in July 2020.
The account planning process includes assessing an account’s business needs, goals, and structure and making sure your product or service delivery and value meet and exceed the expectations of your keyaccounts. An account plan should be interactive and a living, breathing document used as a framework for the account.
By using the ABM approach , we can mechanize and trim down the protracted process of finding target accounts and minimize the effort, time, and cost involved in courting these prospective accounts. ABM systems document this data, automate sharing it between various units, and maintain Marketing funnels or sales pipelines.
The average B2B purchase now involves over 11 stakeholders , up from just 5 a decade ago. 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. It captures the influence, sentiment, and context around each stakeholder.
Stakeholders: Understanding “who is who” and the footprint of an account. This will determine how you leverage your team for communication with different stakeholders across the organization. Planning in KeyAccountManagement Grab our template on account planning! Also, areas for quick wins!
Of course, it is critical to know the external stakeholders who make the decisions within the account. It is not uncommon for these organisations to have very specific ‘target’ lists of keystakeholders to see within an account. Access to key decision makers has become increasingly difficult.
With fewer large companies open to purchasing technology at this moment, it’s critical to understand these things when enterprise selling: Who are your top strategic accounts? . Tier your top accounts and align with keyaccountmanagers and sellers to decide if they’re who you should be pursuing as customers.
Operations, strategic accountmanagement teams, and sales should work together to analyze and identify the accounts that are most likely to spend more with your business. Are you documenting upsell potential in your CRM? What is White Space Analysis? Are there any pre-existing relationships between the teams?
The kind of conversations that will support you in influencing wider stakeholders and winning new business. Is it documented and shared as an actual process in your business? David is the principal KAM consultant & Managing Director at KAMGuru.com, a specialist KeyAccountManagement training and consultancy business, based in the UK.
This team consists of dedicated professionals who work collaboratively to support the strategic accountmanager in delivering value to the strategic accounts. In conclusion, strategic accounts are the key customers that hold immense value for an organization’s growth and success. We touch on this more below.
Additionally, the sales team should regularly review the account plan’s performance to identify areas for improvement and make necessary adjustments. Another best practice for sales account planning is to foster strong collaboration. This plan should also identify any potential risks or challenges associated with the account.
KeyAccountManagement (KAM) is a strategic approach that focuses on fostering long-term, value-driven relationships with a select group of high-potential customers. This article will discuss the top 6 KeyAccountManagement skillsets that are crucial for driving business success.
Regularly back up your accountmanagement software to prevent data loss in case of unexpected events. Documentation: Create internal documentation for your team. Relationship Mapping & Org Chart Manage internal and external relationships with keystakeholders. Superior together.
White Space Analysis for KeyAccountManagement. There’s no denying that White Space is intriguing for all stakeholders in the SAM (Strategic AccountManagement) ecosystem. Enter our treasured KeyAccountManagers. And to discover White Space, White Space Analysis is the way to go.
White Space Analysis for KeyAccountManagement. There’s no denying that White Space is intriguing for all stakeholders in the SAM (Strategic AccountManagement) ecosystem. Enter our treasured KeyAccountManagers. And to discover White Space, White Space Analysis is the way to go.
A well-documented crisis playbook empowers KAMs with actionable insights, enabling them to navigate crisis with agility and decisiveness. Key Elements of an Effective Crisis Playbook KeyAccountManagers navigate business and people. They can swiftly implement predefined strategies, mitigating potential damages.
Two key practices to keep in mind: Clarify the Meeting Agenda : Discuss and document the agenda, key discussion points, and review action items for the next phase. Document Expectations : Clearly outline the prospect’s expectations for the product or solution to ensure everyone is aligned.
It has allowed us to connect with stakeholders that we may not have gotten face-to-face time with before. Just like that, SAMs are forced to be better prepared, to really think through and document the key points they want to make and get right to it. Senior Director, Premier Inc. Best recommendations for KAM leaders.
It has allowed us to connect with stakeholders that we may not have gotten face-to-face time with before. Just like that, SAMs are forced to be better prepared, to really think through and document the key points they want to make and get right to it. Senior Director, Premier Inc. Best recommendations for KAM leaders.
Not project management systems, not CRM systems, but having a dedicated system to guide the agency accountmanagement team, when it comes to managing and delve developing existing client relationships. Kapta is a keyaccountmanagement platform. And Kapta is a keyaccountmanagement platform.
When presented with the topic of account plans , the CEO proudly fetched a hefty binder from a locked cupboard, blowing off the dust and revealing their “current” account plan. This binder, updated perhaps once a year during the budgeting process, perfectly illustrates the outdated approach to account planning.
Review functional scope documents (for enhancements with the system) with internal organization to ensure full details of new functionality have been captured. Drive aggressive product adoption and account expansion by attaining a deep understanding of client needs and opportunities for upsells. Attend client meetings as needed.
In 2016 I wrote a post on the five foundation steps for stakeholdermanagement success in keyaccountmanagement, that was well received and guided lots of leaders. What is a stakeholder? A stakeholder is either an individual, group or organisation who is impacted by the outcome of a project or relationship.
This is where account 360 comes into the picture. Finding the time to dedicate to keyaccount planning is one of the biggest issues for keyaccountmanagers and strategic planning executives alike. How SmartKarrot keeps account planning simple? Account planning terms that you ought to know.
One common challenge is the transition of key decision-makers during the sales process. Pragya stressed the importance of maintaining communication with stakeholders, ensuring that both the decision-makers and end-users understand the product’s purpose and value.
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. The best AccountManagers in the world have always had an innate ability to detect whats happening beneath the surface.
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. The best AccountManagers in the world have always had an innate ability to detect whats happening beneath the surface.
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. The best AccountManagers in the world have always had an innate ability to detect whats happening beneath the surface.
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