Digitalizing Strategic Account Management
The video discusses the changing landscape of strategic account management, highlighting the increasing role of digitalization, collaboration between teams, and effective account management.
00:00:00 The landscape of strategic account management is rapidly changing due to digitalization and the pandemic. Key account managers need to adapt by digitalizing their practices and converting selling into a science to achieve consistent results.
š The B2B sales world has shifted to a digital buyer journey, with more stakeholders involved in purchase decisions.
š¬ Digitalizing key account management is crucial in the fast-paced digital environment to achieve sustainable results.
š The strategic account management function has evolved over time, enabling better customer care and value co-creation through digital tools and real-time information.
00:06:33 The video discusses the changing landscape of strategic account management, highlighting the increasing role of digitalization, the collaboration between marketing and sales teams, and the importance of effective account management. It also emphasizes the need for collaboration and transparency within internal teams for successful strategic account management.
š There has been a significant shift towards digitalization in the last few years.
š¤ Collaboration and transparency among internal teams are crucial in strategic account management.
š» The logistics industry has made great strides in digitalization and technology interventions.
00:13:04 The video discusses the importance of digital solutions in strategic account management and how they can help sales and account teams manage information, make better decisions, and grow their accounts. It also highlights the challenges of digital transformation in key account management and the importance of relationship building in a virtual working environment.
š Managing information about customers, markets, and solutions is becoming more complex and important in strategic account management.
š” Sales and account teams need digital solutions to help them manage information, assimilate it into strategy, and make better decisions.
š The digital transformation journey in strategic account management has been slower due to the focus on long-term returns and the challenge of relationship-building in a hybrid and virtual work environment.
00:19:37 The video discusses the importance of expertise sharing and best practices in strategic account management, as well as the training program offered by SAMA. It also highlights the challenges of change management in the context of digital transformation.
š Connecting people with experts and sharing best practices is crucial for success.
š Certified strategic account manager training program is popular and emphasizes practical application of concepts.
š Change management is a challenge in digital account management, but having a clear process and understanding cultural differences can help.
00:26:11 The video discusses the implementation of digital account management and breaking down organizational silos. It emphasizes the importance of aligning account management with overall goals and highlights the skills required for successful strategic account management.
š Implementing strategic account management to align with underlying goals and achieve growth, retention, and customer relationship targets.
š± Transitioning from traditional account management methods to digital platforms and experiencing early successes in expanding, growing, and retaining customer relationships.
š Breaking down organizational silos and adopting team-selling approaches to execute key account management, allowing for collective learning, growth, and progress.
00:32:44 The video discusses the future of digital account planning tools, emphasizing the importance of intelligent insights and user experience. AI can be used to gather and analyze data, allowing account managers to make better decisions. The goal is to create a centralized hub within a CRM that provides seamless access to account information and AI-generated insights.
š The future of digital account planning should include first-level intelligent insights that utilize artificial intelligence and stored data to enable key account managers to make better decisions.
š Account planning tools should be fun and enjoyable to use in order to increase tool adoption among account managers.
š¤ Key account management software should centralize all relevant information from various tools and CRM systems, providing seamless access and surfacing important insights to help account managers better understand their accounts.
00:39:18 The future of strategic account management involves empowering account managers with relevant information and support, prioritizing processes before technology, and using data and analytics to drive decisions and improve collaboration.
š The future of key account management relies on empowering Strategic Account Managers (Sams) with relevant customer information.
š Processes need to be developed first, followed by the optimization of technology and delivery by well-trained people.
š” The future of digital account planning or key account management hinges on data and analytics, improved collaboration, and user-friendly technology.
Want to deep dive into this video?
