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Case Study

How Concentrix Improved Renewals Sales Performance

Concentrix
Industry: Customer Experience BPO
Company Size: Global Enterprise
 
Concentrix is a Fortune 500® technology and services leader that designs, builds, and runs integrated human and AI solutions for complex organizations.
Concentrix

"They just get it!"

The reps that went through your training are my highest paid reps in the company; I’ve created a career path just for these folks. They’re like my Seal Team Six. They just get it

Melody W., VP, Sales Strategy & Operations at Sage

The Challenge

  • Lack of product knowledge and value selling skills was identified with their sales renewal partner.
  • Close and conversion rates were low for renewals, upgrades, & migrations.
  • Reps struggled with overcoming objections and competition and were “cherry picking” leads.

The Solution

  • After they recognized a lack of partner training as a root cause, they inquired about building product and sales training.
  • Factor 8 conducted a Needs Analysis and identified additional gaps in handling upset customers, sales process, and working with channel partners.
  • Factor 8 created 15 rep training modules, 3 manager training modules, and multiple training tools as a part of the solution.
  • Training was rolled out for Reps & Managers in 2 phases (level 1, level 2) over a 3-month timeframe.

The Results

57%

Increase in performance, 90 days post-training

110%+

Client exceeded goal within one quarter

Refined Process

Sales process shifted from renewals to cross-sell/up-sell

Want Results Like This for Your Team?

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About Factor 8

Factor 8 is an award-winning inside sales training company focused 100% on helping sales teams sell in a virtual world. Together we’ve solved the big problem: sales reps and managers are not gaining the skills they need to quickly feel confident and successful long-term. That means they ramp slowly and leave quickly. We’ve made the calls, done the demos, managed the teams, and forecasted the deals. We get you. We have a better way to ensure teams hit higher revenue goals faster. It’s all we do, and we love it. You’ll love the payoff.

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