Are you looking for ways to improve your marketing, sales and customer service? Here is a guide on how RevOps uses data to optimize revenue
In today’s business climate, data is king. Yet, just 26.5% of companies are data-driven. This means there are a lot of missed opportunities when it comes to using data for revenue optimization.
Businesses that can harness the power of data to make informed decisions are the ones that thrive. That’s where RevOps comes in. RevOps is a relatively new field that uses data to optimize revenue. In other words, it’s all about using data to grow your business.
If you are interested in learning more about RevOps as a service, you’ll want to keep reading. Here is what you need to know about managing marketing data and the benefits of using a tool like RevOps.
What Is RevOps?
As mentioned, RevOps stands for Revenue Operations. It’s a newer concept in the business world, and it aims to focus on using data to drive growth. In other words, it’s all about using data to optimize revenue.
But what does that actually mean? Well, there are three main components to RevOps: people, process, and technology.
The people component of RevOps refers to the cross-functional team of experts who work together to optimize revenue. This team includes sales, marketing, and customer success professionals.
RevOps, provides an analysis of internal systems and processes that have been put in place to optimize revenue. These systems and processes must align with the company’s overall goals.
The technology aspect of RevOps refers to the tools and platforms used to collect and analyze data. This data is then used to optimize revenue. Some examples of this technology would platform like Zoho. Zoho allows users to identify processes that require automation.
It’s an all-in-one solution that helps companies focus on RevOps while managing workflows better, transferring data, tracking sales, and more.
Now that we’ve answered the question “what is RevOps?” let’s look at how it can help your business grow.
How RevOps Works?
There are three main ways in which RevOps helps businesses grow: by improving efficiency, by increasing agility, and by providing insights.
For instance, Zoho allows companies to improve their organizational efficiency in many ways. Its CRM capabilities makes for easy lead and account management.
This empowers your business to handle data segmentation for better analytics. Better analytics enhances your ability to make efficient business decisions in real-time.
Not to mention, Enable’s consulting experts can help you analyze your business while identifying time spent on non-revenue driving activities.The goal with Enable’s Zoho is to eliminate current organizational gaps that take away from revenue generation.
A proper revenue optimization strategy increases productivity gains between 15-30%. Building a strategic roadmap around RevOps is how Zoho can help your business. They also work with executives across functions like finance who understand historical performance but need help analyzing drivers of change.
This is critical because they can advise on future growth scenarios, which helps with the ability to make better decisions faster. The last thing you want is for your company to be bogged down by legacy systems or lack thereof.
Sometimes previous decision-makers prevent revenue-driving activities. Using a RevOps approach after organizational changes can make a difference. Access to historical data and insightful analytics allows you to see what works well and target the right opportunities.
Whether cross-selling, upselling product features/benefits or approaching new markets and targeted customers, the goal is to drive expansion and revenue gains. Enable’s RevOps is the key that can help make this a reality.
Ready to Use RevOps as a Service?
If you’re a manufacturer rep or supplier in the machine industry, you know how important it is to streamline your processes and scale your business for higher margins. Do you see how Enable’s RevOps can help you do just that?
Using RevOps as a service can unlock analytics and artificial intelligence turning insights into tangible results. The Enable team can assist in finding trends and possibilities that drive your revenue streams.
In short, we can help you operate your business more efficiently and unlock additional growth opportunities. Unleash the potential of your business, and contact us today for a free consultation!