By Erika Morphy CRM Buyer Part of the ECT News Network
06/26/08 9:36 AM PT
Despite the obvious connection between the goals of sales and marketing departments, the two are rarely integrated in terms of performance and functionality. Genius.com has developed a new collaborative e-mail application with that objective in its sights.
On-demand business-to-business marketing vendor
Genius.com has developed a new collaborative e-mail marketing module that focuses on lead qualification and prioritization.
MarketingGenius brings together the sales and marketing departments. To a certain extent, it adds a service element, as the prospective lead receives personalized attention from the marketing department during the lead-qualification process, explained Parker Trewin, a spokesperson for the company.
"This product gives marketing the ability to send e-mails on behalf of anyone in the sales department," he told CRM Buyer. The visibility between the two groups means that sales and marketing are able to track exactly when a lead qualifier has turned a prospective lead into a sales opportunity.
A permission-based system, it allows marketing to send and track personalized e-mails to any sales contacts. Its Instant Promos feature lets users craft Web campaigns on the fly. Marketers can use this feature to compose and post personalized content on the company Web site with no tagging. They can deliver custom offers instantly to certain customers, or encourage visitors to chat live with sales reps who are immediately available.
The application offers scalability with respect to the number of e-mails sent out per campaign, as well as some lightweight automation and enhanced reporting tools.
MarketingGenius will be available as part of the Genius Pro product line on June 30.
Deeper Inroads
The application represents a deeper step into the marketing arena for Genius.com, which launched with the intent of
making a mark in
Sales 2.0 technology -- a category that incorporates Web 2.0 technology into the sales cycle with the goal of increasing the salesperson's effectiveness.
"Before, Genius.com was focused on frontline sales," Trewin said. "Marketing could use it, but we didn't have advanced e-mail capability that allowed marketing to quickly and easily create an e-mail campaign and have those results instantly delivered to sales."
Going forward, he said, the company will be focusing on both sales and marketing features. Adding more functionality around service is a possibility as well, albeit a distant one. "We are looking at the roadmap and see all kinds of opportunities and possibilities," noted Trewin.
The 10 Percent Gap
Genius seized on better lead qualification and prioritization following a survey it conducted with
CSO Insights of more than 2,000 sales and marketing executives. The results indicate that the traditional industry disconnect between sales and marketing translates to a loss of 10 percent of potential business.
By solving this problem, the survey results suggest, a company could close up to 10 percent more business and support the 40 percent of sales reps who typically do not meet their quotas.
Genius is not the first vendor to attempt to integrate the sales and marketing functions, Barry Trailer, managing partner with CSO Insights, told CRM Buyer. However, vendors have failed in many previous attempts to fully bridge the gap.
"People say sales and marketing in the same breath," noted Trailer, "but in fact, these are two siloed functions stand next to each other, bumping shoulders but never really meeting." For instance, half of all leads are self-generated by the sales rep, suggest data gathered for the survey.
Until users start reporting back on their experiences with MarketingGenius, said Trailer, the jury will be out on the application's efficacy.
"It address a clear need that is obvious," he said. Other pluses in its favor include a straightforward user interface and a balance between sharing too much information between sales and marketing and, on the other end of the spectrum, not enough.
LucidEra Aims to Link Marketing Analytics to Sales Pipeline June 25, 2008
LucidEra has added a module to its business intelligence lineup that promises to deliver greater insight into how well the leads generated in the marketing department are being converted into deals in the sales department. Though the concept seems intuitive, developing technology to accomplish that feat in a user-friendly way has been challenging.
Related Stories
Report: SaaS Benefits Reach Beyond ROI January 07, 2008
"Whether a company uses applications developed by third parties or builds applications in-house using on-demand tools, on-demand technologies lower the cost and risk profiles associated with these efforts and enable more people to take a chance and succeed at building something that is instrumental to their companies' successes," writes Denis Pombriant, principal analyst at Beagle Research, in a recent report.
2007: Making a Mark in Hot CRM Niches December 17, 2007
Web-based collaboration is another area that up-and-coming in the CRM space, according to Charles King, principal with Pund-IT. Google and Microsoft, of course, are leading the way. However, there are a handful of smaller firms that are offering similar products with CRM functionality as well, King said.
Year-End Roundup December 12, 2007
I said I thought it would be a good year for on-demand companies to "export" their services. By that I meant that a weak dollar and low costs for on-demand would be a natural for helping on-demand vendors expand overseas. It looks like that is happening, though I didn't look up any hard numbers. The indicator I use is the number of foreign languages that popular on-demand software is being offered in.
More by Erika Morphy
Windows 7 Flies Off the Shelves November 06, 2009
Early sales figures on Windows 7 boxed software suggest a high level of consumer enthusiasm for the OS. Unit sales were a whopping 234 percent higher than Vista's out of the gate. The revenue haul was not as impressive, as Microsoft offered sharp discounts to spur presales. Also, sales of PCs with Windows 7 preinstalled have been lackluster -- but October is historically a weak month for PC sales.
Southwest Doesn't Fool Around November 06, 2009
Either Southwest Airlines had better deals for my favorite route than its competitors or its superior Web site tools made it easier for me to ferret them out. Either way, kudos to Southwest. In the not-so-hot department were the airline's long list of what passengers weren't allowed to do and its very short list of what Southwest was obliged to do for them. Left me feeling a little chilly.
Commerce Search Puts Google Inside Retailers' Catalogs November 05, 2009
Google has launched a new cloud-based search tool targeting enterprise-level e-commerce operations, just in time for the 2009 holiday selling season. Commerce Search provides a set of features designed to improve the relevance of results for consumers searching a retailer's own product catalog, while boosting cross-selling opportunities.