Wednesday, December 05, 2007

"Our Opportunity Management System is Crap"

... a VP at a publicly traded E&C firm recounted to me recently....

He was talking about their CRM system, but it made me think about the challenges of selling professional services and aligning required technology across a global enterprise (in some companies that can be described as loose confederations of feudal kingdoms) in the global environmental and engineering design industry.

So what 'opportunity management' objectives are critical to E&C firms?

  • Improve service delivery (responsiveness to RFI / RFPs)
  • Improve margins (identify those prospects who may require higher margin consulting services, and also those do not cause AR headaches)
  • Increase revenues (allow for wider range of services to be delivered to key accounts)
  • Assure alignment with strategic objectives for growth (reporting and analytics)
  • Provide mechanism to build stronger relationships and partnerships with clients

I think improving margins may yield the highest and most rapid ROI for any BPR work and enabling technology deployment in opportunity management. Many of the global E&Cs are already targeting higher margin consulting in mining, environmental sustainability, and energy efficiency services, which should also help drive 'downstream' revenues in engineering design and construction management.

The CRM toolsets being used today? A whole 'nuther subject...from spreadsheets to SaaS....

No comments: