JD Edwards Summit Sales Performance Management SPM, Batesville, JD Edwards, and You Charles McGuinness Director, Customer Strategy Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Safe Harbor Statement The following is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. 2 What is SPM? Creating More Performant Organizations MANAGE better MANAGE performance better MOTIVATE behaviors better MENTOR best practices MENTOR Copyright © 2015, Oracle and/or its affiliates. All rights reserved. MOTIVATE What is SPM? • Unlike CRM, which is customer focused, SPM is employee focused • Traditionally tied to Sales, but works with any organization where setting, monitoring, and meeting goals is critical. • Standalone applications, can be bought in pieces Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Grow Revenue with Sales Planning and Optimization Territory, Quota, and Incentive Compensation Modeling • Model incentive compensation plans and project total compensation spend budgets • Model and optimize territories using real-time embedded analytics • Identify gaps and overlaps in territory coverage • Calculate quotas using past performance or territory potential and apply seasonality Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 6 Increase Operational Efficiency and Reduce Costs Roll out territories, quotas, and comp plans to your sales force on day one • Accelerate compensation plan review, approval, and acceptance with customizable plan document and approval workflow • Guided compensation plan creation flows to streamline the plan creation process • Mass update capabilities leveraging round-trip file import/export • Expedite rollout of plan changes with automated transfer of territory, quota, and compensation setups between environments Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 7 How does SPM intersect with JD Edwards? • Data from JD Edwards can be critical in devising goals, quotas, territories – Feed sales performance data into incentive compensation when sales reps are not closing specific opportunities – Feed account sales data to help devise better quotas and territories • Batesville example later in presentation • Can work with JDE CRM, HCM • Can use SPM to help motivate ERP users directly – Based upon any sort of metric, not just $ – Rewards can be bonuses, awards or even gamification badges Copyright © 2015, Oracle and/or its affiliates. All rights reserved. 8 Customer Case Study Quota Planning @Batesville Copyright © 2015, Oracle and/or its affiliates. All rights reserved. 9 Batesville Insight Driven Sales Performance Management - Accounts & Contacts Opportunities Prospects Territory Management Incentive Compensation Quota Management Company Overview Oracle Sales Cloud - Challenges Customer Master Products Invoice Quote and Order Order history Fulfillment Benefits Batesville is a leader in the funeral industry. 200 account managers serve over 13,000 funeral homes with more than 850 different products via 80 regional service centers. Sales and Marketing processes were previously not automated or standardized. Robust cloud and mobile accessible SFA application enabling simplified user experience and gain business visibility. Inconsistent user adoption of previous system with no mobile access to SFA. Create a common platform and standardize processes for business transformation across field sales and telesales. Mature with the business – extend with Territory Management, Quota Management and Incentive Compensation as ramp-up. Improve sales force effectiveness and management to results using real-time KPI dashboards- less time on non-selling activity, gain back lost business, increase market share. Industry: Industrial Manufacturing Account Management lacked full visibility into customer data from JDE order history and products and selling activity. Opportunity Management processes needed to more consultative, with more account planning performed based on the sales potential of each customer Improve Account Planning by Sales Reps focusing on high-value customers. Sophisticated analysis of customer trends, pipeline, activities and related information with advanced reporting and dashboards. Lacked complete visibility to cost of sale and pipeline . Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Anticipated Results Improve collaboration and coaching between Sales Management and Sales Reps by focusing on planned and completed customer activities. Increase management visibility to activities spent with high-value customers. Increase visibility into customer buying trends producing a measurable increase in sales. Increase user adoption and improve data quality through mobile access. Improve compensation management, defining quota and measuring results. 10 Batesville Prior State Quota Process Compensation Process 1-2 months Export/Import Data to/from Cognos Cognos Review and finalize changes Run formulas through Excel Create multiple tab Excel spreadsheet (~500 MB file) Manually move accounts between territories • Stores the summarized data for tracking purposes, updated once a week. No tracking of what has been paid YTD. Excel • Data is exported from Cognos to calculate payout Manual Pay adjustments made Copyright © 2015, Oracle and/or its affiliates. All rights reserved. • Corrections to pay done in payment file, no visibility to the rep 11 Challenges • Multi-department process touching sales, finance, ops, compensation, HR with delays & numerous wait times • Multiple excel versions passing between users leads to changes being missed. Size of Excel file(s) is challenging • More time spent crunching numbers than reviewing numbers • 1 to 2 month quota process leaves sales operations exhausted, reps confused and executives furious! Despite best effort, this repeats every year! All the above leads to – Reps didn’t know their targets until mid Q1 leading to loss in productivity & revenue. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. 12 SPM Accomplishments • Changed process from data crunching to data analysis • Created visibility for Regional Directors to see factors that went into the quota calculations • Increased awareness where reps can see their earnings on a daily basis • Improved Accuracy Copyright © 2015, Oracle and/or its affiliates. All rights reserved. 13 “Our quota process typically takes 1 to 2 months. With our new Quota Management solution, it only takes two days, well maybe three.” – Diane Kinker, Director - CRM Solutions, Batesville Casket Company Copyright © 2015, Oracle and/or its affiliates. All rights reserved. 14 Copyright © 2015, Oracle and/or its affiliates. All rights reserved.