HEROLD Business Data GmbH

 

SALES MOMENTUM BUILDS WITH MORE
EQUITABLE, STRATEGIC COMMISSIONS.

 

Herold_Round

Complaints from sales reps have dropped by approximately 70 percent. In addition, Herold improved sales performance of orders...by more than 25%.”

 

 

Herwig Steinbrugger

Manager, Planning, Steering and Monitoring Department, HEROLD Business Data GmbH

Challenge

 

HEROLD Business Data GmbH struggled to manage its complex sales performance management system. The company’s rigid, non-transparent solution and manual processes slowed planning and thwarted sales of online services.

 

 

Case Study Snapshot

 

Solution: Incentive Compensation

 

  • 95% faster sales planning for new sales cycle campaigns with automated, integrated systems
  • Approximately 70% fewer complaints from sales reps with fairer, clearer and more strategic incentive plans
  • Over 25% increase in orders per sales day of subscription-based services by aligning sales incentives with company goals

 

 

Solution

 

Using Varicent, HEROLD was able to create campaigns, streamline and boost visibility of the entire commissions process, all without requiring any IT assistance. In addition, Varicent was integrated quickly and seamlessly into HEROLD’s existing IT landscape.

Varicent Incentive Compensation Management (ICM) removes friction from the compensation process, accelerates the ability to make plan changes and adopt new strategies, and enables new insights to outdo previous performance.



Results

 

Using Varicent, HEROLD was able to create campaigns, streamline and boost visibility of the entire commissions process, all without requiring any IT assistance. In addition, Varicent was integrated quickly and seamlessly into HEROLD’s existing IT landscape.

HEROLD offers its sales reps in the field, sales managers and administrative teams access to the Varicent. Reps can view tables or charts that relay monthly earnings and other high-level information, then drill down into individual transaction details, such as transaction amount, date and commission amount. Managers can access these same insights plus look at each seller’s individual performance, prompting them to coach underperformers. They can also quickly carry out strategic tasks, such as assigning sales reps to specific customers in the CRM system.

Finally, because reps are now more inclined to sell subscription-based services, HEROLD has more predictable revenues and can streamline its sales teams. It recently reallocated resources within its sales force, resulting in a leaner, more efficient team. “For the first time in our company history, we have the opportunity to align our sales incentives with our company goals, and we can break performance down to individual sales reps. It has helped us to understand how well each rep really works, and we can focus on those reps with the higher KPIs.”

• 95% faster sales planning for new sales cycle campaigns with automated, integrated systems​​

• Approximately 70% fewer complaints from sales reps with fairer, clearer and more strategic incentive plans​​

• Over 25% increase in orders per sales day of subscription-based services by aligning sales incentives with company goals​



About

 

Based in Mödling, Austria, HEROLD specializes in online media and marketing services tailored to the individual needs of Austrian small and midsize businesses. True to its motto, “HEROLD bringt ́s zamm” (HEROLD — the done deal), the company unites sellers with potential customers through HEROLD online portals, used by approximately 2 million consumers.

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Industry
 
Professional Services

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Size
 
Mid-Market​ (100-1,000 employees)​

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Geography
 
Europe

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Solution
 
Varicent ICM
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