One of the unsung benefits of conversational intelligence is market and competitive monitoring for product and strategy teams. Vendors such as Gong and Chorus can tag competitors and product requests. Still, this intelligence needs to be regularly and directly reviewed, making it more of a hit-or-miss proposition. Furthermore, this intelligence is rarely tied to competitive battlecards for sales reps.
Competitive Intelligence Platform Crayon is looking to address these issues. It now delivers a daily log of competitive mentions to sales reps, providing them with battlecard links and links to call transcripts that help them write follow-on messaging that parries competitive statements. The mentions are collected from Gong.
“Product marketers and competitive intelligence professionals dedicate a tremendous amount of time ensuring sales reps are equipped with the most up-to-date competitive and market intelligence,” stated Crayon CPO Erica Jenkins. “However, despite these efforts, there’s still friction around the adoption and use of these enablement materials. The integration between Crayon and Gong gets competitive intel into an account executive’s hands quickly and easily, drastically improving competitive positioning for reps to level up their game.”
Crayon listed two other Gong-related initiatives on its roadmap to assist CI and strategy professionals:
- Field intelligence: Your prospects and customers are sharing intel with your colleagues every single day. Remove the middleman by automatically pulling these insights out of Gong transcripts and pushing them into your Crayon portal.
- Win-loss analysis: When an account is won or lost, the notes you find in your CRM will only tell one side of the story. Find out what really happened by pulling Gong snippets into Crayon, where they’ll be matched with the notes that our system pulls in from Salesforce.
These future releases will benefit competitive intelligence and strategy professionals who struggle to gather real-time market intelligence, particularly from remote individuals. For example, while sales reps are often happy to discuss competitive scenarios, they rarely take the time to record competitive details in the CRM. Conversational intelligence platforms are an excellent source of this intelligence, which can be automatically fed into competitive platforms such as Crayon, helping to close the loop.
When I was a CI professional at a SalesTech company, gathering competitive intelligence generally involved interviewing customers, prospects, and inside sales reps and collecting and synthesizing this information. This approach was haphazard and often anecdotal. Although Competitor fields were added to the CRM, they were rarely populated, and virtually all losses were attributed to pricing.
A structured set of competitive signals gathered from customer conversations would have been significantly more accurate, complete, and timely. Furthermore, these signals and comments would have omitted sales rep biases concerning lost deals and enabled competitive coaching on high-value deals.
Crayon supports a broad set of Sales Enablement Platforms, including Seismic, Highspot, and Showpad. The Gong-Crayon integration is immediately available to joint customers.