Revenue Grid Guided Selling (Part II)

Continuing from Part I, a discussion of Revenue Grid and its approach to Guided Selling.


Revenue Grid looks to take the CRM system of record and supplement it with insights and actions that move deals forward.  Insights are both positive and negative.  Risk flags include “The decision-maker is not invited to the demo,” “Close data has been changed for the Nth time,” and “Pricing was discussed at the meeting, but no quote has been sent.” By delivering insights to sales reps and their managers, loose ends, which could result in deal losses or delays, are flagged.  Sales reps and managers can then act upon these insights.  Revenue Grid can also make suggestions based upon internal playbooks and best practices.

In short, AI, historical data, and real-time data are employed to build a set of insights and recommended actions.

Revenue Grid goes beyond engagement metrics at accounts. It delivers a broad set of insights that include competitor mentions, lack of recent decision-makers responses, meetings without agendas, quarterly and monthly trends, and team performance.  In January, sentiment analysis will be added to their insights.

An Opportunities view provides real-time pipeline visibility across all accounts.  Reps can quickly update any opportunity information with the updates synced with the CRM.  Sales reps and managers then have a single-pane of glass displaying current opportunities.  Managers are notified of deal size changes, close dates, and scores and can track activity flow.

The Opportunities view includes signals, next steps, last touch, and overview data, providing a quick synopsis of where each deal stands.

Conversational Intelligence records and transcribes voice and video calls, then indexes and analyzes meetings for insights.  Corporate email communications are also analyzed for insights.  Revenue teams and managers can review call transcripts and listen or view significant moments during the call, with summary topics and insights called out.  Conversational Intelligence is also available for coaching and onboarding sales reps.

Conversational Intelligence recordings and transcripts are saved to accounts and opportunities.

A meeting scheduler fronts Conversational Intelligence.  Reps can insert multiple time slots with clickable times in their emails or offer a calendaring link.  Events are automatically synced between Salesforce and Outlook or Gmail.  Other features include calendar delegation (i.e., setting up an admin or CSR to schedule meetings), recurring event scheduling, and group calendaring across the organization.

Salesforce email synching captures emails, scheduled meetings, contacts, tasks, and attachments.  Accounts, Contacts, Opportunities, and Custom Objects are available for syncing, and multiple records may be updated.  Salesforce admins can set up activity auto-log rules, triggering Salesforce processes.

Sales Coaching offers a team performance view that displays revenue booked by reps alongside leads processed and time spent on external meetings, inbound external meetings, and outbound emails.

A Forecasting report evaluates the target, best case, and committed revenue for the team with plan, commit, and open pipeline values for each rep.  Managers can also compare past periods to find trends and set triggers to send notifications when thresholds are exceeded.

An Activity view displays inbound and outbound communications from sales and marketing over time with adjustable time windows.  Unfortunately, the activity graph does not rescale, making it difficult to view activity over an extended period.

Revenue Grid also supports Relationship Intelligence, showing an Account relationship map and flagging individuals in the organization with established relationships for introductions or briefings.

Revenue Grid’s sales engagement features include multi-channel sequences, email templates, and email tracking.  Channels include email, phone, SMS, and LinkedIn.  Sequences may be managed directly from within Salesforce, Outlook, or Gmail.  All Revenue Grid capabilities are available in the native Salesforce mobile app, including email analytics, notifications, and sequences.

Admins can perform A/B testing of sequences.

Revenue Grid detects replies from one or multiple recipients, out of office notices, opt-outs, and bounces.  It then pauses or halts sequences automatically.  It even halts sequences if the recipient is mentioned in an email or meeting invitation.

An email sidebar displays Salesforce data directly within inboxes and suggests relevant, actionable Signals.


Continue to Part III.

Drift for Salesforce

Revenue Acceleration platform vendor Drift launched Drift for Salesforce, a new integration that creates and updates Salesforce Leads and Contacts then syncs chat conversations.  Drift also offers the option to pass leads into Marketo, Pardot, Eloqua, or HubSpot.

Drift employs Contract Attribute mapping that derives contact attributes from chats, with both standard and custom attribute variables supported.  Drift Admins map the variables between the two platforms and set overwrite rules at the field level.

When leads book sales meetings through Drift, the sales rep is assigned as the lead owner in Salesforce, a Salesforce event is created, and the chat transcript is stored as a live chat record once the chat has closed.

Drift also syncs with opportunity records, helping operations teams understand which Drift conversations impacted opportunities, the dollar value of the interactions, and which conversations influenced the deal.  Thus, revenue operations teams can understand which conversations affected the bottom line, wherever they occurred across the buyers’ journey.  Drift reports and dashboards assist with attribution.

“Drift’s pre-built reports and custom dashboards give you an at-a-glance view of your performance so you always have the information you and your stakeholders need – right at your fingertips. You can also use the app to analyze your performance across the business, by specific metric, or by teammate, so you can easily identify specific areas where you should double-down.”

Drift Product Marketing Senior Manager Aurelia Solomon

Drift can also display customized welcome messages for target accounts and immediately route important contacts to sales reps.

Drift looks at the email and domain to map records.  If a domain is new, then a new lead is created, but if the domain already exists, either a new contact record is created or the email is used to match the conversation to a current contact.

Drift for Salesforce is available for Enterprise, Unlimited, Developer, and Performance plans.


In other news, Drift ranked #6 on the Deloitte Fast 500 North American list, with 35,474% revenue growth between 2016 and 2019.

“We founded Drift because we recognized that we were going through a paradigm shift,” commented CEO David Cancel. “We were moving from a world where the company controlled the buying process — to one in which the buyer was in control.  This is even more true now — and we’re just getting started.  Our mission is to change the way businesses buy from businesses, and we’re thrilled that our customers have chosen us to create frictionless, more human experiences.”

TechTarget Prospect-Level Intent (Part II)

Continuing my coverage on TechTarget’s Prospect-Level Intent from yesterday

Prospects are scored and ranked within accounts and across all accounts based on “their recent research activity across the TechTarget network as well as their direct engagement with the customer’s content, website, and advertising.”

To assist with account planning and messaging, Priority Engine added Entry Points, a set of user-defined talking points based upon “a prospect’s recent technology and vendor interests mapped to the particular company’s strengths.”  Entry Points are also delivered at the account-level. They are defined by client teams to call out the topics most salient to company positioning and capabilities.  Client-defined Entry Points are visible within Priority Engine, Salesforce, and export files and are reflected in both the account and prospect rankings.

Prospect-Level Intent is also available within Priority Engine’s Connected App for Salesforce.  Sales reps can quickly fill sales cadences and call lists with high-priority prospects and focused prescriptive insights.  With a single click, Sales reps can add new prospect names to Salesforce, providing a direct path from buyer intent to active leads and contacts.  Prospect and account-level insights, including Entry Points and behavioral intelligence, are displayed within Salesforce Account, Contact, and Lead records.

When uploading Accounts, domains are used for account matching and duplicate prevention.  If a Prospect cannot be associated with an account record, it is uploaded as a Lead.

Account-level fields include account rank, domain, employees, industry, revenue, account address, and up to ten account entry points.  Other account insights include five account signals (e.g. Widespread, Sustained, Late Stage, Stakeholder, Cross-Vendor), an account active this week flag, and behavioral flags for marketing (e.g. visited website, engaged with content, clicked banner), ICP match flag, and their Account Star Ranking.

Contact-level fields include name, title, email, content downloaded, a prospect active this week flag, up to ten Prospect Entry Points, contact address, contact phone, LinkedIn URL, and Priority Engine Contact URL.

Ongoing Salesforce enrichment is not yet available but is on the Priority Engine roadmap.

Priority Engine also supports Marketo, Eloqua, Pardot, and HubSpot out-of-the-box, with custom support for other platforms.

Prospect-Level Intent is available in both Priority Engine and the SMB Priority Engine Express subscriptions.  The Salesforce connector is included as part of a standard Priority Engine license.

Sales Navigator Q3 2020: Listening to the Buyer

LinkedIn is rolling out its third-quarter Sales Navigator release.  The enhancements focus on “features that help you put your buyers first through intelligent action, simplified day-to-day activities, and consistent insight into keeping relationships warm.”  The release theme is “listening to the buyer.”

LinkedIn is dipping its toes into intent data with Buyer Interest Alerts that signal when employees or corporate leaders from a saved account have visited the company’s LinkedIn Page or company website.  Buyer Interest Alerts are available in conjunction with LinkedIn Marketing Solutions and delivered through the Sales Navigator Enterprise edition.  

Marketers install a snippet of code to their website that drive the notifications.  They can then track conversion rates, retarget visitors, and analyze visitor demographics.  The code also powers Buyer Interest Alerts within Sales Navigator.

“With Buyer Interest Alerts, you have buying intent insights that help you to decide when to engage, allowing you to provide a timelier and more customized buyer experience,” blogged Lindsey Edwards, the Senior Director of Product Management at LinkedIn Sales Solutions.  “As we strengthen our buyer intent models with the rich buyer insight that the LinkedIn network contains, we’ll continue to enhance our Interest Alerts to include more signals that will allow you to target the right buyer at the right time.”

Buyer Interest Alerts are anonymous.  LinkedIn notifies the user if there is a visitor from the company but does not disclose details beyond account name, seniority level (i.e. Leadership or Employee), and geography.  Users can then search for Linkedin Members that match these criteria.  Anonymity ensures GDPR compliance.

While many vendors are now offering visitor intelligence, Sales Navigator is the only service that combines LinkedIn company profile views with visitor intelligence.

Account-Level Buyer Interest is not yet supported but is on the product roadmap.

LinkedIn, which has often suffered from spam alerts that overwhelm users, is employing predictive AI to surface the critical notifications for “building and maintaining the relationship with your buyer.”  Users may filter alerts by Lead, Account, shared activity, and alert type with the “most urgent and timely” alerts displayed at the top of the list.

Sales Navigator is also improving its synchronization with Salesforce and MS Dynamics.  Users can now bring their book of business into Sales Navigator through the automated syncing of Leads, Contacts, Accounts, and Opportunities.  The syncing improves the delivery of people and company alerts and insights within Navigator.  CRM synchronization is available as a feature of the Team and Enterprise Editions.

To improve relationships, LinkedIn is now reporting on LinkedIn outreach activity across all Sales Navigator editions.  Lead Lists (followed members) now track LinkedIn engagement with additional columns for actions by the Sales Navigator user and subsequent responses:

  • InMail and Messages sent, responses received, and attachments clicked
  • Connection requests sent from Sales Navigator and LinkedIn and accepted requests
  • Smart Links sent and opened

Lead and Account List sizes were increased from 250 to 1,000, expanding the scope of contacts and companies tracked.  Users may also take bulk actions on up to 25 Lead or Account records at a time, making it easier to remove them from lists or move them from one list to another.

Sales Navigator is well-positioned to assist sales reps during the pandemic as its messaging tools are not location or time-specific.  Sales professionals can reach out with InMails and Connection Requests, and prospective buyers can respond asynchronously.  SDRs and AEs don’t need to obtain (or guess at emails) or place direct dials that go unanswered at empty offices.  Furthermore, Smart Links, launched earlier this year, provides a tool for sharing documents and multi-media with view tracking.

“In what continues to be a unique and challenging moment in history, buyers and sellers, alike, are adjusting to a new normal.  Just like you, they’re juggling the pressures of succeeding in their day-jobs, while also managing their personal lives — homeschooling, daycare, elder care, multiple people working from home, and/or reduced income.  The hurdles might look different from buyer to buyer, but one thing is consistent — they need to feel confident that you understand their challenges and goals.  In the end, you aren’t necessarily selling a product or service, you’re selling a trusted relationship, and the person at the center of that relationship is the buyer.”

Lindsey Edwards, Senior Director of Product Management at LinkedIn Sales Solutions

By the end of the year, the Deals functionality will be integrated directly into the Sales Navigator workflow.  This enhancement will improve relationship status and pipeline visibility.

LeanData Engagement

Operations vendor LeanData released LeanData Engagement, an analytics solution that works alongside its lead-to-account matching and automation tools.  LeanData Engagement is available on the Salesforce AppExchange and associates sales and marketing engagement activity with relevant accounts.  Engagement is tracked along the full account journey and identifies which individuals are engaged in each account along with the sales and marketing activities that drove engagement.

Lead engagement visualization tools identify which accounts have open opportunities and with which teams they are engaged.  Sales Follow-Up Lists help reps understand which buying committee members are actively engaged.

A campaign engagement dashboard within the Salesforce Campaign object displays engagement activity, allowing marketers to evaluate campaign performance and decide if any adjustments are required.

LeanData Engagement “allows marketers to forge greater alignment with their sales organizations to improve campaign-conversion rates, accelerate pipeline growth, and maximize return from sales and marketing investments,” said the firm.

“Especially during times of economic uncertainly, it’s critically important to understand how your customers and prospects are engaging with your company,” said LeanData SVP of Product Hendrick Lee.  “With LeanData Engagement, the interactions of every buyer are automatically connected to the right accounts in CRM, thus unlocking truly holistic account-based marketing analytics.  Engagement is an important addition to LeanData’s revenue operations product family which exists to help companies unlock greater revenue growth, increase performance, and improve customer experience across the buyer journey.”

Kerry Washington, the Principal Analyst at SiriusDecisions, observed that one of the best opportunities for ABM improvement is identifying when multiple individuals at an account are demonstrating interest in a product or service.  SiriusDecisions emphasizes the importance of understanding and penetrating buying committees, not merely individual decision-makers.

“Because more than 75 percent of B2B purchases are made by groups of people working together – not individuals – the best indicator of a true buying cycle is the engagement of multiple buying committee members,” said Cunningham.  “In the past, identifying that engagement was difficult.  However, modern solutions have emerged that allow B2B organizations selling to committees to more effectively take action on this vital intelligence and thus gain a strong competitive advantage.”

LeanData Engagement starts at $25,000 per year.

Flash: Groove Series A

Sales Engagement vendor Groove secured $12 million in Series A Funding.  The round was led by Level Equity and Capital One Ventures, who joined existing investors Uncork Capital and Quest Venture Partners.  The round brought total investment to $16 million.  Groove has roughly doubled its revenue each year, reinvesting its income into product and engineering.  The San Francisco-based firm was founded in 2014.

The new funds will be deployed to “drive greater awareness of our unique market position and competitive differentiation. Sales engagement platforms consistently rank as the number one most impactful sales technology investment that a company can make, and we are poised to lead the category’s expansion with a broad range of capabilities beyond the prospecting use case.”

“Groove has grown 103% year over year on average in a largely organic way and has invested deeply in product and engineering up until this point.  This funding round enables us to drive greater awareness of our unique market position and competitive differentiation. Sales engagement platforms consistently rank as the number one most impactful sales technology investment that a company can make, and we are poised to lead the category’s expansion with a broad range of capabilities beyond the prospecting use case.”

Groove CEO Chris Rothstein

Rothstein is a former Google sales manager who co-founded Groove to address the sales problems that his reps faced at Google.  Rothstein then signed Google as Groove’s first client.

“We believe that sales engagement will become a multi-billion-dollar market,” said Craig Rosenberg, chief analyst of TOPO Research.  “Until now, the sales engagement market has been concentrated in the tech industry and focused on the prospecting use case.  Other industries don’t have sales development teams dedicated solely to prospecting, but they do have thousands of sales reps trying to engage with their customers.  Successful expansion into account executives will open the enterprise market for these platforms.  We are seeing this trend accelerate post-COVID-19 as companies that have been slower to adopt remote working technologies are forced to embrace digital transformation.”

Groove describes itself as “the only sales engagement platform optimized to meet the customization and security requirements of enterprise revenue teams.”  While most Sales Engagement Platforms initially focused on the Sales Development Rep (SDR) and later expanded into other roles, Groove was built to increase productivity for Account Executives with an emphasis on “ease-of-use, advanced activity capture, and cross-team collaboration.”  Operations managers can configure the Groove platform “to meet the complex requirements of different divisions and organizations within an enterprise.”  The firm also touts its unique architecture that “ensures the highest levels of security and compliance.”

Another difference between Groove and other SEPs is its data architecture.  Other firms maintain a standalone database and sync it with Salesforce, but Groove leverages Salesforce as the system of record and runs as a managed package within SFDC.  Employing Salesforce as their system of record allows Groove to manage custom objects, deliver zero-latency data display and reporting, and reduce administrative work.  All fields are updated in real-time.  Groove emphasizes that this architecture allows firms to quickly “onboard new hires into a proven system,” which supports “deployments of any size.”

Core features include

  • Flows (i.e. cadences), including phone, email, SMS, Sendoso (swag), and LinkedIn SNAP (Connect and Send InMail) steps
  • Email templates that pull dynamic variables from all Salesforce fields.  Reps may personalize emails with the platform calculating personalization percent.
  • Email event capture, including reply, bounce, complete, import, open, and meeting booked.  Branching logic supports task creation, linked flows, stop flow, and stop all flows across the account.
  • A/B testing
  • An integrated click dialer supports local presence, call outcome logging, voicemail drops, call recording, and international dialing.  The click dialer is available within Gmail, Microsoft 365, Salesforce, Groove, and LinkedIn Sales Navigator.  
  • Call coaching features, including whisper, join, and listen
  • Inbound calls support a popup with reverse call lookup.  Calls are routed to either a softphone or a mobile device.
  • Editable, customizable account lists which update Salesforce
  • Activity capture, including custom fields and objects.  Firms can track the type of meeting, type of interaction, primary topic, and meeting outcome, helping managers understand “how much time they’re spending on demos versus support calls, or how many emails are cold prospecting emails versus answering questions about pricing.”
  • Analytics include activity reporting, account-based engagement levels, the best time of day and week for calling, and template performance.
  • A native meeting scheduler, which supports round-robin scheduling, calendar view links, and the option to offer specific times in emails.  The scheduler supports custom field display based upon the type of meeting.
  • A Chrome extension that works alongside Gmail, Microsoft 365, and Salesforce.  The sidebar is customized by role and allows users to click to related objects and search on all activities.
  • Out of Office capture with Flow pause
  • GDPR and CCPA compliance

Workspaces are a unique feature that allow users to build custom reports with flexible report selects and custom fields.  Workspaces may be shared with colleagues and support task assignments.  Groove describes the functionality as a dynamic worksheet with Salesforce data.

Groove Workspaces are configurable, top-down worksheets that support distributed reps and account managers. Users may view engagement by account, division, or individual.

Because it is native to Salesforce, Groove can integrate with over 7.5 million applications via the Salesforce AppExchange.  Additional direct partners include LinkedIn, Sendoso, Gong, Chorus, Vidyard, and HighSpot.

At some customers, Groove is deployed alongside Outreach, with Groove supporting Account Execs, Customer Success, and Business Development and Outreach deployed for SDRs.

Groove supports all revenue and customer success functions.

For a Series A funded Sales Engagement Platform, Groove provides a deep set of functionality and configurability; however, there are a few gaps.  While the service offers many of the key partners supported by other vendors, integrations are primarily available through the Salesforce AppExchange.  Groove does not provide any sales intelligence partners for lead generation or data enrichment.  A power dialer for SDRs and a mobile app are also missing, though their platform is mobile responsive.  Finally, Groove does not support AI-driven lead prioritization or next best actions, but it does have other AI-based capabilities.

Groove caught the attention of Capital One Ventures after it was successfully rolled out to Capital One field sales reps “while providing sales leadership with real-time visibility into their daily sales activities and performance.”  Other business lines subsequently adopted the platform as a result of its initial success.

“When evaluating Groove as an investment, we felt that the company was poised to be the clear category winner.  The sales engagement space is thriving right now, and Groove’s focus on supporting sophisticated AE use-cases and complex enterprise environments is setting them apart from the rest of the pack.  As enterprises in new industries continue to adopt sales engagement platforms to make their revenue teams more productive, they will quickly see the unique advantages that Groove offers in terms of internal adoption, customization, and security.”

George McCulloch, Co-CEO, Level Equity

Groove has over 450 clients, including Google, Uber, Capital One, Atlassian, BBVA, and Veola Water.  Over 50,000 sales, marketing, and customer success professionals use the Groove platform, with the average installation supporting 88 users.  Core segments include Internet Services and Software, Financial Services, Education, Media, Manufacturing, and Professional Services.  17% of Groove’s revenue is derived from international clients.

Pricing is on a per-seat basis and runs $110 per user for all applications.  Clients may also purchase seats by function with a subset of features at a lower per-seat price.

Groove was also one of 395 companies to make Inc.’s Top Places to Work list.  The firm scored 100% on employee engagement. Groove also made the 2019 Inc. 5000 list, ranking #407.

“While Groove is in the business of helping sales and customer-facing teams drive more revenue, productivity, and customer satisfaction, we are equally committed to fostering a culture where employees feel supported, challenged, and fulfilled,“ said CEO Chris Rothstein.

Groove continues to list over twenty open jobs across product development, engineering, sales, and customer support.

Terminus Acquires Ramble

Yesterday, ABM Platform vendor Terminus announced the acquisition of ABM chat vendor Ramble.  Terminus has acquired three companies in three years: Brightfunnel ABM analytics, Sigstr relationship intelligence, and Ramble account-based chat for sales, marketing, and customer success.

In late 2019, Terminus acquired relationship intelligence vendor Sigstr, which it quickly incorporated into its service.  Sigstr supports signature block advertising within emails, allowing marketing to customize signature block messaging.  Sigstr relationship intelligence analyzes email and calendar patterns across an account to determine a relationship score and relationship strength trends.

Ramble is another logical acquisition as its Chat from Anywhere functionality allows sales and marketing to embed chat links in email, LinkedIn, Twitter, digital ads, QR codes, proposals, and other outbound communications and media.  Chat from anywhere allows chat to move beyond the company website and be contextually enabled through a broad set of communications channels.  Thus, chats are attached to the proper account, routed to the account owner, and attributed to the campaigns and actions which drove the engagement.

Chat from Anywhere is also integrated into SalesLoft and Salesforce with employees responding via web browsers or mobile apps.  Chat-based Leads are mapped to Salesforce.  If the lead is not in Salesforce, then a new contact or lead is created by RambleChat.

“Native chat is a game-changer for our customers as we help them drive full-funnel engagement,” said Terminus CEO Tim Kopp.  “We’re in the middle of a major industry shift – marketers want all-in-one platforms over best-of-breed integrations because, at the end of the day, integrations can only do so much.  Now with Ramble, our customers can personally engage target audiences at any stage of the funnel.  We’re so impressed with this team and couldn’t be more pumped to officially have them as part of Terminus.”

And with 8,000 MarTech vendors populating the ChiefMartec 2020 landscape, vendors that can orchestrate audience selection, multi-channel campaigns, and analytics will have a significant advantage over vendors that serve only one or two channels.

“That’s just too much tech and an endless list of APIs making technologies talk can’t provide elegant and measurable outcomes,” blogged Terminus Chief Product Officer Bryan Brown.

“We will be building the modern marketing cloud, end-to-end with an account based structure, and could not be more excited about it.”

Terminus CEO Tim Kopp

Marketers can personalize the Ramble chat experience via UTM variables.  “This helps marketers personalize the buying experience while also tracking demand generation data, lead flow, conversion metrics, and much more,” said the firm.

As Chat from Anywhere links are tied to Accounts, they automatically route chat conversations to the appropriate sales or customer support rep.

“Bringing Ramble into the Terminus platform makes a ton of sense,” said Ramble CEO Justin McDonald.  “We’re incredibly aligned with Terminus’ vision to build the most robust B2B marketing suite on the market, now including powerful account-based chat capabilities.  Not only is this a strong fit in terms of product, but it’s also a natural fit culturally.  We’re immensely proud to be joining this talented team.”


Continued on Tuesday...

Sales Navigator Q1 Release: Contact Creation

LinkedIn rolled out its Q1 2020 Sales Navigator release, the first quarterly release under their new product chief Lyndsey Edwards.  Expanded features include contact creation, a redesigned PointDrive service (now called Smart Links), search enhancements, job posting growth alerts, and enhancements to the home page and mobile app.

Contact Creation is the biggest enhancement in the release.  Like the Data Validation flag last quarter, Contact Creation is a limited data sync solution that is bounded by their member data privacy agreements.  Contact Creation allows reps to create CRM contact records from within Sales Navigator.  While other Sales Intelligence vendors provide full contact records including email, direct dial, job function, job level, and social links, Sales Navigator only supports the following fields (of which only four are pre-populated):

  • Account
  • Opportunity
  • Opportunity Role
  • First Name (Pre-populated from Sales Navigator)
  • Last Name (Pre-populated from Sales Navigator)
  • Job Title (Pre-populated from Sales Navigator)
  • Country (Pre-populated from Sales Navigator)
  • Email
  • Phone Number
  • Lead Source

Edwards noted that the average CRM instance has roughly half of its records out of date.  Reducing record creation and update workflows help address this problem.  LinkedIn can be particularly helpful in identifying executive departures and title changes, hence last quarter’s data validation flag.  However, Contact Creation only pre-populates four fields.  Thus, sales reps either need to have the other details available when creating the contact record or upload a stump record, which is later populated by a different vendor (e.g. Lightning Data partners on the AppExchange).  While other vendors allows lists of Account, Contact, or Lead records to be uploaded, only a single contact record may be created at a time from Sales Navigator.

“We’re really leaning into our relationships with CRM vendors over the past couple of quarters,” said Edwards.  “It’s an age-old problem that isn’t getting better.  We think we can help in a pretty meaningful way.  When people change jobs, they update their LinkedIn profiles first.”

Record matching and duplicate checking are performed.

Contact Creation is available for Enterprise clients only.  Admins must turn on CRM Sync for Salesforce.  Microsoft Dynamics 365 for Sales contact creation is in beta.


Part II of my release coverage discusses Smart Links, their next-generation PointDrive service.

Vainu for CRM

Finnish sales intelligence vendor Vainu announced the immediate availability of their new Vainu for CRM connectors.  The new service supports data viewing, synchronization, prospecting, and triggered alerting in Salesforce, MS Dynamics 365, HubSpot, and Pipedrive.  Additional CRM integrations are planned.

Vainu launched its original prospecting service in 2014 but is looking to make its data more consumable by embedding it into user workflows. According to Vainu Head of Marketing Mikko Luhtava, Vainu’s retention rate is much higher when there is a clear user workflow.  Thus, the goal was to make the sales rep’s experience as “frictionless as possible.”

“Since we founded Vainu, we’ve known that in addition to the who, when, what, and why of sales, the other challenge is to get people to actually use that information.  We realized that the key to success there is removing friction; making data as easy as possible to consume.  With Vainu for CRM, we’ve done exactly that—embedded into everything you do in the CRM, real-time company data will be hard to avoid.”

CEO Mikko Honkanen

The sync initially updates account and opportunity records, but additional record types will be supported in the future.  Custom field mapping and update / overlay rules are also planned.

Data syncing is asynchronous and bi-directional.  “Any time you add a record to the CRM, it will search Vainu to fill in data, and any time Vainu receives an update on a company, it will push the update to CRMs with that entity in the database in a matter of minutes,” said Luhtava.

Multi-variable fuzzy matching logic is employed with match confidence scores.  Vainu also supports auto-match functionality for new records and Send to CRM from the Vainu browser service.  Additional features include duplicate record checking and “stare and compare” updates by sales reps.

“Syncing up with a CRM requires an excellent matching tool, and ours is world-class,” said CTO Tuomas Rasila.  “Instead of merely matching based on global unique identifiers, it compares the full extent of a company record to our database to increase our confidence rating in the match.  Once connected, our platform learns from everything salespeople are doing in the CRM to deliver information that’s as relevant as possible.  And since everything is automated, the data-driven experience won’t require endless effort on our customers’ end.”

Vainu for CRM includes two advanced features: CRM-Vainu joint-variable prospecting and triggered workflows.  Joint-variable prospecting allows sales or marketing to build lists using both CRM and Vainu variables.  For example, a targeted prospecting list can be built for a territory which excludes current accounts or for which there was no recent activity. Over 100 joint selects are available. The only other vendor that provides such a feature is D&B Hoovers.

Workflows can be triggered by any of Vainu’s event triggers, which are derived from news, filings, and data changes.  Vainu supports 55 triggers which can be combined with keywords.  Both general company-level events (e.g. mergers, acquisitions, expansions, funding) and “very detailed, database-specific” triggers such as new vehicles, new website registrations, and new technology deployments are available.

“With the trigger-based approach, the likelihood of bringing in a new customer is more than two-times higher if there is an event within a prospect that triggers you to reach out to them.”

Vainu

Triggered events are displayed within the CRM and Slack.  They can also be sent as email alerts and through Zapier connectors.  Workflows are currently available for Nordic companies and the Netherlands.

Vainu includes connectors as part of their standard subscription.  Pricing begins at €6,600 per year for one country and five seats.

Helsinki-based Vainu has grown revenue to €15 million in five years.  The firm supports over 2,000 customers, including EY, Santander, Bridgestone, SAP, and Telia.  

The Vainu database covers Norway, Sweden, Finland, Denmark, and the Netherlands with registry data matched against web mined intelligence and 55 business signals.  France, Britain, and the United States are currently in beta.

US data is gathered from state Attorneys General filings supplemented with crawled intelligence.  At the moment, the US database is mostly being sold for data projects.

Vainu sells databases by country with both local language and English user interfaces.


See Previous Post: Vainu Rebrands (24-09-2019)

Vainu Control analyzes the “revenue impact of your data usage.”

SalesIntel at 18 Months

Sales Intelligence vendor SalesIntel closed out a successful second year on the market with growth in content, staff, and functionality.  In Q1, SalesIntel will be formally rolling out a new data enrichment service along with Salesforce and Marketo connectors. The firm added over 150 new clients in 2019.

In 2019, SalesIntel increased its verified contact data by 80% to 4.5 million contacts.  Data is hand-verified by a team of over 200 full-time and 1,200 on-demand SalesIntel-trained researchers.  Due to human verification, the company claims a 95% accuracy level for its contacts and is now able to identify the exact locations of executives.

“For a company just 18 months old, 2019 was in many ways, a test of our grit, competence, and above all, the value we create for our clients. I can say with 100% confidence that we have passed with flying colors.  We plan to continue making significant investments across the board, the fruition of which you’ll see in the next year.”

SalesIntel CEO Manoj Ramnani

In 2020, SalesIntel intends to grow its coverage by millions of contacts and expand coverage internationally.  The firm also plans to extend its technographic coverage by “tens of millions” of values.  The roadmap includes integrations with Marketo and Bullhorn.

“As we continue to expand our data coverage, strengthen our platform and sign more clients, we’ll also continue to scale our team with more client success, data engineers, and researchers to maintain the highest standard of concierge data services that our clients appreciate and love,” said CEO Manoj Ramnani.

SalesIntel also began offering Account, Contact, and Lead record enrichment.  Technographic data, which is available in the prospecting service from HG Insights, is not included in the match and append service; however, SalesIntel noted that joint clients can obtain technographic data enrichment directly from HG Insights.  

The enrichment report details match rates, updated and enriched record counts, and the number of records that were appended (see Figure 1).

SalesIntel is selling enrichment processing as an add-on to the existing prospecting service.  Pricing starts at $5,000 per annum and is volume-based.

Enrichment is currently available via the SalesIntel portal and will be available as a Salesforce integration later this month.  A Marketo integration is scheduled for later in the quarter.

SalesIntel recently rebranded its Chrome plug-in as RevDriver.  Subscribers can export to CRM, MAP, SalesLoft, or Outreach.  A RevDriver Marketo connector will be available later this month.

SalesIntel’s New Data Enrichment Report