Prospecting

How can FinListics help you target the right accounts?
Critical activities for building a pipeline and growing sales:
- Identifying targeted accounts
- Prioritizing new and existing accounts to expand deal size
- Developing prospecting materials
The traditional approach to identifying and prioritizing prospects and companies to target in sales campaigns relies heavily on client revenue size—the larger the company, the bigger its challenges and its budget. While revenue size may, at times, be a valid qualifying criterion, the real question is: “What’s the prospect’s propensity to buy your solutions?”
The FinListics Prospecting Tool is a unique, financially-focused, three-step process for identifying prospects that not only potentially benefit the most from your solutions, but also have a higher propensity to buy. Key steps include:
- Step 1: Specify targeted industries and geographies.
- Step 2: Select the financial metrics for which your solutions have the greatest benefits and find companies under-performing in their industry whose performance has deteriorated over time (trend).
- Step 3: Value the cash flow benefit of improving to the trend and industry benchmarks for each company identified in Step 3. Express the benefits as a percentage of revenue to estimate the Relative Cash Opportunity (RCO).
- Step 4: Target and prioritize accounts based on each company’s RCO.
RCO is an indicator of a company’s pain and propensity to invest in solutions that address this pain. Research by FinListics reveals that prospecting materials based on RCO result in a significantly higher response rate than those based on revenue.
Bottom line: the FinListics Prospecting Tool provides a fast, effective and financially-focused way to target the right accounts.
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