BlueRoads Releases Results of Channel Lead Management Benchmark Study; Study Indicates Optimizing the Indirect Sales Channel is More Important Than Ever.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- BlueRoads Corporation, a channel management Software-as-a-Service company, today announced the results of a channel lead management benchmark study, demonstrating a strong and consistent correlation between speed and closure rates in the channel. The study is the first-of-its-kind, and addresses the five key areas of channel lead management: lead aging, lead distribution, opportunity feedback, sales latency and closure rates. The study not only explains these concepts, but also explains at length how to leverage them to lay the groundwork for near-term performance improvements on which to build long-term strategies. "Channel lead management plays a vital role for high-technology companies as channel sales increasingly account for more revenue and market share growth opportunities," said Axel Axel: see Absalon. Schultze, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , BlueRoads. "In today's competitive environment, it's crucial to optimize channel lead management. A leading analyst firm pointed out that more than 70 percent of leads are never acted on because they don't get into the right hands at the right time. This figure is staggering and is a real wake-up call for an industry that is fighting tooth and nail to revitalize re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. sales." The benchmark study was designed to measure the comprehensive channel lead management process in order to identify the key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. that have the highest impact on stimulating revenue. The study results outlined how the process time between lead generation and availability to sales is a crucial factor to closing a lead, and that reducing lead aging can be a demonstrable de·mon·stra·ble adj. 1. Capable of being demonstrated or proved: demonstrable truths. 2. Obvious or apparent: demonstrable lies. competitive advantage. To ensure leads get into the right hands at the right time, BlueRoads has pioneered a unique pull-based lead distribution methodology, where the available and interested individual partner salesperson self-selects the lead for active follow-up. This is extremely important because in the traditional "push" model there is no clear measurability and no visibility into the follow on process, whereas the "pull" methodology provides a clear performance indicator that allows measurement of the reaction time in the partner channel. In addition to the importance of the "pull" methodology, the study revealed that initial feedback from the partner is a strong performance indicator, as it shows the ability of the channel to aggressively follow-up with prospect demand. Finally, study findings showed the correlation between closure rates and the sales cycle. Closure rate on raw leads as a relative value tells more about the partner's ability to close new business versus installed base revenue than any other key performance indicator. The ability to close new opportunities indicates which partners are ideal candidates to help launch new products or explore new markets. BlueRoads Corporation sponsored the research study among customers of the company's channel management Software-as-a-Service. The company drew upon data supplied in a random sample of 100,000 channel sales leads A sales lead is the identity of a person or entity potentially interested in purchasing a product or service, and represents the first stage of a sales process. The lead may have a corporation or business associated with the person(s). generated between 2001 and 2005. These sales leads represent the demand generated by high-technology companies of various sizes, product segments, and average sales prices. To download a full copy of the benchmark study, please register at: http://www.blueroads.com/lead_benchmark/index.html About BlueRoads 6 BlueRoads 6 is the latest version of the company's leading-edge channel management software that allows companies to market and sell more effectively through indirect channels, strengthening the bond between vendor and partner. Unlike traditional PRM PRM Partner Relationship Management PRM Parameter PRM Bureau of Population, Refugees and Migration (US State Department) PRM Partidul Romania Mare (Romania Mare Party) PRM Professional Risk Manager systems, BlueRoads 6 is designed with unique partner-centric methodologies that streamline channel processes, which yield the highest possible results with the least amount of partner effort. This reduces the time and effort required to actively participate, and increases partner adoption of programs and processes. About BlueRoads Corporation BlueRoads Corporation provides channel management Software-as-a-Service, which enables companies to market and sell more effectively through indirect channels. BlueRoads was recognized by Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. as a "cool vendor" for 2005, for its delivery of innovative, impactful and intriguing solutions for the industry. BlueRoads' impressive customer list includes Hitachi Data Systems See HDS. , Nortel, SurfControl and many more. The company is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. and funded by ArrowPath Venture Capital, Cardinal Venture Capital, and El Dorado El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. Ventures. For more information about how BlueRoads is helping companies create active channels with higher returns visit our website at http://www.blueroads.com or call 650-349-8500. |
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