Vincue’s Success With DSRPTV Solutions:
Enhancing Efficiency and Value through Expert Product & Process Management
Vincue had a promising Digital Marketing SaaS product that was failing to meet expectations due to underinvestment in the solution and a lack of support.
Vincue realized that their investment would fail unless dramatic changes were made in product development, sales, marketing, and support.
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- High rate of customer churn due to concerns about product efficacy and lack of value-added reporting.
- Inability to understand the product from a technical, competitive, or customer perspective.
- Customer onboarding took too long and ongoing support processes were ill-defined, leading to inconsistent customer experience.
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Dsrptv Response
Internal Cooperation
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- Collaborated with company leadership to develop and document product vision
- Assessed product sales and marketing, development, deployment and support processes to identify improvement opportunities, aligned with industry best practices
- Collaborated with Sales and Marketing, Development and Support teams to validate, prioritize and implement improvements
Market Research
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- Analyzed the product and competitive landscape to identify ideal clients
- Met with current and prospective customers to identify product Strengths, Weaknesses, Opportunities, and Threats (SWOT analysis)
Results
100% Monthly
Recurring Revenue
growth in a
4-month period
Increased Sales Closing Rate
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- Went from 1.5 deals (average) per quarter to 3-7 deals (average) per quarter
Increased internal awareness and organic product upsells
Decreased product costs by 20%
Increased Sales Opportunities
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- Increased leads / opportunities (via creative database marketing, developing marketing collateral, strategizing and managing marketing campaigns)
- Resulted in increasing product leads (4-8 per quarter to 20+ per quarter)
Increased current client satisfaction
- Through improved support and insightful reporting (creating “stickiness”)
