A Cure for a Common Complexity: How B2B Organizations Are Managing Revenue Operations

March 28, 2019 Matt Heinz

If you feel like your sales process is only getting more complex, you’re not alone. The vast majority (85 percent) of B2B sales and marketing professionals told us in a recent survey that they are experiencing a high level of complexity in managing internal and external sales process factors. More than one in three survey respondents reported a “very high” level of complexity.

This data is consistent with what we’ve heard over and over again from B2B organizations over the past five years. Thankfully, the growth of sales and marketing operations teams and tools, as well as those who are managing customer-facing operations in a coordinated/integrated way via “revenue operations”, are finally reporting less complexity and greater sales results by adopting smarter go-to-market management tools and strategies.

Even those who have implemented revenue operations practices for a year or less report less complexity in their sales process. I don’t believe that qualifies revenue operations as a “quick win”, but it certainly indicates that smarter practices can lead to more consistent, positive results.

Next week in New York City, as well as next month in Boston, I will be unveiling further detail and insights from a deep-dive set of research we recently completed with LeanData highlighting the impact of revenue operations on companies from a wide variety of sizes, industries and states of go-to-market maturity.

The survey results were overall sobering, but also highlighted a minority of companies who are seeing greater sales results, better marketing performance, less complex sales processes and more effective go-to-market programs. Most respondents have some form of sales and marketing operations in place already. And the vast majority (71 percent) reported that revenue operations has become increasingly important to achieving their goals. 

And although effective revenue operations requires an investment of time, people and tools, the results are starting to shine through. Almost two-thirds of respondents reported an increase in sales conversion as a result of revenue operations. Twenty-one percent of respondents reported a sales conversion rate higher than 10 percent in 2018.

Key to making these numbers clearly includes a tight collaboration between sales and marketing. The majority of revenue operations programs were reported to be run jointly by marketing and sales. Among those respondents on track to hit their number, “strong alignment between sales and marketing” was cited as rated as the highest sales enablement need. And when we dug deeper into the revenue operations programs with the highest, most consistent and repeatable performances, we found several trends in how and where they focus.

For example, they spend a high percentage of their time planning to execute. They obsess about target market, the buying committee and buying journey, as well as tight, distinct roles across the sales and marketing organization. They also invest in the right technology but manage it closely, ensuring each addition to the marketing technology stack has an objective and is audited regularly.

Finally, the revenue operations leaders – the OpsStars – understand the difference between their operational scorecard and their executive scorecard. They separate the metrics that observe marketing execution from those that indicate sales and marketing impact. If you’d like to learn more about the research findings as well as the best practices that resulted, please join us at one of the OpsStars tour dates

About the Author

Matt Heinz

Prolific author and nationally recognized, award-winning blogger, Matt is President and Founder of Heinz Marketing with 15+ years of marketing, business development and sales experience from a variety of organizations and industries. He is a dynamic speaker, memorable not only for his keen insight and humor, but his actionable and motivating takeaways. Matt’s career focuses on consistently delivering measurable results with greater sales, revenue growth, product success and customer loyalty. He has helped organizations such as Amazon, Seagate, Morgan Stanley, The Bill & Melinda Gates Foundation and many others create predictable, repeatable sales & marketing engines to fuel growth. Matt is a repeat winner of Top 50 Most Influential People in Sales Lead Management and Top 50 Sales & Marketing Influencers. Matt is living through the renovation of a 105 year old historic farmhouse in Kirkland, Washington with his wife, Beth, three young children, dog and seven chickens.

More Content by Matt Heinz
Previous Article
3 Surprising Strategies to Improve Your Sales Cycle
3 Surprising Strategies to Improve Your Sales Cycle

Sales tools and automation are key drivers to moving deals forward in your sales cycle, but you can’t overl...

Next Article
Revenue Operations is Here: Expectations for 2019 and Beyond
Revenue Operations is Here: Expectations for 2019 and Beyond

Something very exciting is happening in the B2B space today. Companies finally realize that in order to del...