|
Stat-Plus Ltd is a general office supplies company
specialising in the legal market, which operates from a
network of six depots throughout the UK. There are over
30,000 products in Stat-Plus's portfolio but 95 percent
of its business is in 3,500 core products. Its annual
turnover is £30m.
Over recent years Stat-Plus has found itself operating in a declining
market with tight margins. "The UK office supplies market was down
by seven percent last year and is following that trend this year,"
says Stat-Plus Sales Director, Keiran Walsh. "All the research we've
done indicates that there is forty percent more business to be won
from our existing customer base. That's the easiest sell we've got
because it is very hard to win new business without reducing prices."
In order to increase the value of sales calls made to
its existing customers Stat-Plus turned to VECTA.
VECTA is a sales intelligence solution that analyses
historical sales date in order to helping companies
increase their share of customer spend by highlighting
sales opportunities. The software can identify potential
problems with lost or drifting customers and generate
detailed information on customer buying patterns
prompting users to sell more proactively.
The sales force at Stat-Plus is predominately
field-based and comprises 34 regional account managers.
The company has invested in a combination of VECTA and
VECTAPocket, the mobile control option of VECTA that
runs on a PDA. "It was a case of understanding what the
sales representatives needed to actually run their
queries and sell more proactively, and then finding a
solution to match that," says Denes Nemestothy, IT
director at Stat-Plus.
Sales data is exported from Stat-Plus's back office
system once a month. "We run our end of month processes
and when they are completed we run a script which grabs
the data from our system," explains Nemestothy. "Then we
run another set of queries and we export data cuts to
various branches so that they don't have to look at the
whole database, they can just look at what they want to
locally. For our sales representatives we do a data cut
at rep level."
Nemestothy sends the sales executives an email and
they click on an attachment, which allows them to
synchronise their PDA with their laptop or desktop
computer. "It copies everything over and they then have
access to all their customer accounts and a year's worth
of historical sales data," he explains.
VECTA has replaced a paper-based system, which
according to Walsh was becoming increasingly difficult
to handle: "Before VECTA we were sending out thousands
of bits of paper and that was becoming impossible to
manage. We were looking for a quicker and easier way to
get the monthly data flow out to the sales
representatives."
Many of the sales representatives at Stat-Plus are
over 50 and have been selling stationery for years.
"They were nervous about the switch to an IT-based
system but I helped with the training sessions," says
Nemestothy. "It gave the sales team confidence to have
someone they knew showing them what VECTA can do. They
have taken to VECTA very well and couldn't work without
it now."
One of the major benefits of using VECTA is that
sales professionals can turn up for an appointment and,
while waiting in reception, call up the customer's
history on their PDA and have instant access to detailed
analysis of the customer's buying patterns. "It will
tell them exactly what they have and haven't bought and
identify gaps," comments Nemestothy. "They can go in
fully prepared."
VECTA has also helped to integrate new members of
staff into the company very quickly, enabling them gain
a thorough insight into the state of the business and
Stat-Plus's position in the market. "We took a new rep
on in Leeds and he was able to get up and running very
quickly using VECTA," says Nemestothy. "He was up to 50
accounts in less than two months."
The company is pleased with the impact VECTA is
having on the business. "The information we get out of
VECTA is proving extremely useful and has been very well
received," concludes Walsh. "The sales team now has
faster access to a lot more data. VECTA has given them
the tools they need to make them sharper and as a result
our sales revenues are improving each month."
Keiran Walsh
Sales Director
Stat-Plus Ltd
|