Discover how Vonazon utilized an account based marketing strategy and HubSpot to triple the sales qualified leads and double marketing qualified leads for a prominent ERP company.
Company Background
Established in 2008, Acumatica stands at the forefront of cloud and browser- based enterprise resource planning (ERP) software, tailor-made for small and medium-sized businesses. Their software is designed to streamline operations, offering customizable role-based views and dashboards for various business functions including finance, IT, operations, and sales and marketing. Acumatica’s innovative solutions bring unparalleled flexibility, enhanced mobility, robust security, and user-friendly interfaces, all while minimizing IT expenses and fostering seamless collaboration.
HubSpot Marketing Software
The HubSpot platform is a versatile ally for businesses, enabling them to supercharge their lead capture systems by creating dynamic forms and landing pages that are proven to convert.
HubSpot elevates ABM strategies by delivering robust tools and algorithms that empower companies to personalize content for a wide range of industry leads, fostering deeper connections. Sophisticated lead scoring based on user behavior and demographics ensures that sales teams focus on the most promising prospects to maximize the likelihood of conversion.
Meanwhile, automated notifications for MQLs streamline communication between marketing and BDRs, ensuring timely follow-ups and an efficient process.
Finally, industry-specific engagement tasks for sales reps are seamlessly managed within HubSpot, allowing for consistent, multi-touchpoint engagement.
Manual Processes Stunting Success
Acumatica was on the brink of losing substantial sales and revenue due to a disjointed, manual sales and marketing qualification process that was hindering effective teamwork.
The crux of the issue lay in tracking initial leads during the sales qualifying phase. Their lead generation, heavily reliant on webinars and online forms, was manually transferred to the sales team for further qualification.
This labor-intensive process led to a staggering loss of around 198,000 unengaged leads, translating to a potential monthly revenue loss of up to $198 million, given that the average Acumatica plan is priced at approximately $1,000.
Building an Account-Based Action Plan
Vonazon stepped in with a strategic solution utilizing the HubSpot platform, crafting a revenue opportunity strategy to overhaul Acumatica’s sales process. This included refining business development representative (BDR) team strategies, enhancing properties, views, pipelines, and leveraging the power of HubSpot sequences.
We shifted to an account-based marketing and selling strategy, focusing on industry-specific targeting and personalization for qualified leads.
This encompassed:
- Revamping the lead capture system (forms and landing pages).
- Implementing an ABM strategy for diverse industry leads with customized content.
- Enhancing lead scoring based on user engagement and behavior.
- Automating notifications for marketing qualified leads to BDRs.
- Creating industry-specific engagement tasks for sales reps.
- Introducing industry-tailored selling sequences for comprehensive product education.
- Streamlining tracking within HubSpot for continuous, multi-touchpoint engagement.
Streamlined Lead Strategy
Further, Vonazon innovated a method in HubSpot enabling direct integration of top-tier leads into Acumatica’s ERP system. This method bridged the gap between pre-sales BDRs and account executives, showcasing Acumatica’s ERP platform’s value. We also crafted a custom sales tool using the HubSpot Operations Hub, analyzing multiple databases to optimally match partners with potential clients, significantly enhancing lead-to-customer conversion rates.
Additionally, we introduced an ABM strategy to accelerate the pipeline through LinkedIn, complementing the direct nurturing sales strategy.
More Leads, Greater Growth with HubSpot and Vonazon
This targeted, refined approach led to remarkable results: Acumatica doubled its marketing qualified leads and tripled its sales qualified leads in just a few months. The key to this success was creating a trust-based relationship between customers and Acumatica, driven by highly relevant marketing content.
2x
marketing qualified leads
3x
sales qualified leads
Acumatica is now on a trajectory towards unprecedented success, equipped with a state-of-the-art HubSpot lead management system that capitalizes on every opportunity. The potential for future revenue and growth is boundless.