Technology & SaaS

Securing Success: SkySync’s Masterclass in Cloud Confidence

Overview

Adapting to a Shifting Landscape

SkySync, a leader in cloud-based storage solutions, encountered significant challenges in its Sales Enablement function, especially concerning cloud security and data privacy issues. With an internal team serving both small and enterprise customers and an external vendor-managed team, SkySync recognized the urgent need for its sellers to be well-versed in the latest technical security features to effectively address growing concerns from large clients prioritizing AI advancements and data privacy protections. This knowledge was essential for building trust and credibility with clients in a rapidly evolving marketplace.

The Challenge

The Knowledge Gap Crisis

The sales team struggled to accurately represent SkySync’s security features due to several challenges:

  • Misrepresentation of Capabilities: Sellers lacked knowledge of essential security measures, such as 256-bit AES encryption and TLS protocols, leading to misinformation among potential clients.
  • Feature-Focused Pitches: They emphasized basic features without addressing AI-driven clients’ data privacy concerns, resulting in lost sales opportunities.
  • Lack of Resources: Limited training materials hindered technical expertise, preventing sellers from effectively communicating key security information and compliance standards.
  • Frequent Product Updates: Rapid changes prioritized feature updates over comprehensive security understanding, causing sellers to struggle with conveying security measures to clients.

 

These issues were reflected in performance metrics, including a customer Net Promoter Score (cNPS) of 65%, a gap between Annual Recurring Revenue (ARR) targets and actual performance, and a customer churn rate of 9%.

Our Approach

A Sky-high Strategy

To address these challenges effectively, Novalta took personal accountability and initiated a series of strategic actions aimed at fostering improvement and growth:

  • Cross-Functional Collaboration: Partnered with Revenue Management and Customer Experience leaders to comprehensively evaluate sales performance and identify critical areas needing enhancement.
  • Tiger Team Formation: Established a dedicated task force consisting of members from Sales, Product, Project Management, and Enablement to enhance technical competency and foster innovative solutions.
  • Competency Assessment: Developed a gamified assessment linking knowledge gaps to broader business KPIs, encouraging engagement and promoting continuous learning among team members while driving measurable results.
The Solution

Empowering Sales Through Academies

Novalta instituted two sequential Capability Academies designed to enhance employee skills and knowledge:

  1. Product Academy: Focused on understanding SkySync’s features, especially data security and compliance measures. Modules like “Talk Data to Me” and “Tech Talks” provided application-based technical knowledge tailored to real-world situations.
  2. Sales Academy: Aligned the sales approach with the client journey effectively. Sellers learned about industry-specific needs with a client-first focus, ensuring they could address various client concerns. Training included a Virtual Reality (VR) game simulating real sales scenarios to enhance practical skills and engagement.

 

Both academies integrated performance data and competency tracking for ongoing evaluation of sellers’ skills and knowledge growth, fostering continuous improvement and accountability.

The Impact

Trust That Drives Growth

The program achieved measurable improvements in key performance metrics over nine months, demonstrating significant success:

  • Customer churn decreased from 9% to 8%, reflecting effective retention strategies and enhanced customer engagement through personalized outreach.
  • Customer Net Promoter Score (cNPS) rose from 65% to 75%, indicating increased trust in SkySync’s security and service quality, with a 20% rise in customer recommendations.
  • Sales conversion rates improved by 15%, as sellers were better equipped to address client needs, supported by a 30% increase in client interactions.
  • Overall revenue grew by 18%, adding $3 million in sales, driven by improved sales team performance and customer satisfaction.

 

This comprehensive approach strengthened SkySync’s market position and fostered long-term client relationships, paving the way for continued growth and innovation.

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