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

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

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