Client Background:RevControl is a leading provider of revenue management software tailored for the hospitality industry. Their innovative solutions enable hotels to optimize pricing, maximize revenue, and enhance profitability through data-driven insights and automation.
Challenge:Recognizing the strategic importance of partnerships, RevControl engaged Bond to help establish and manage a robust partner ecosystem. The primary challenges included:
Partner Management: RevControl needed to establish a structured partner management framework from scratch to effectively manage new and existing partners.
CRM Implementation: The company sought to create a comprehensive partner workflow within their CRM system to streamline partner interactions, lead tracking, and collaboration.
Partner Onboarding: RevControl aimed to efficiently onboard new partners, enabling them to find new leads and warm prospects through collaboration.
Day-to-Day Partner Management: Managing partner relationships on a daily basis, including providing support and ensuring mutual success.
Partner Outreach: The company needed to expand its partner network by actively reaching out to onboard new partners and generate warm leads.
Drive Partner Sales and Marketing: Collaborate with partners to drive sales and implement effective marketing initiatives, especially with integration partners.
Solution:RevControl partnered with Bond to develop and execute a comprehensive partnership strategy. The solution involved various key components:
Partner Management Framework: Bond worked closely with RevControl to establish a structured partner management framework, defining roles, responsibilities, and processes for effective partner engagement.
CRM Workflow Implementation: Bond helped create a comprehensive partner workflow within RevControl's CRM system. This workflow streamlined partner interactions, lead tracking, and collaboration, ensuring seamless operations.
Partner Onboarding: Bond collaborated with RevControl to design an efficient partner onboarding process that enabled new partners to quickly access resources and find leads, fostering productive collaborations.
Day-to-Day Management: Bond provided day-to-day management of both new and existing partners, offering support, guidance, and coordination to ensure mutual success.
Partner Outreach: Bond conducted outreach efforts to actively onboard new partners, expanding RevControl's partner network and generating warm leads.
Drive Sales and Marketing Initiatives: The partnership involved collaborating with partners to drive sales and implement effective marketing initiatives, with a specific focus on integration partners.
Creation of a Partner onboarding page: https://www.revcontrol.com/partners/
Results:The partnership between RevControl and Bond yielded significant results and benefits:
Structured Partner Management: RevControl established a structured partner management framework that streamlined partner interactions and ensured a cohesive approach to partnership management.
Efficient CRM Workflow: The CRM workflow implementation simplified partner engagement, lead tracking, and collaboration, making partner interactions more effective and seamless.
Productive Partner Onboarding: The efficient partner onboarding process enabled new partners to quickly access resources and find leads, fostering productive collaborations.
Active Partner Network: Bond's outreach efforts led to the successful onboarding of new partners, expanding RevControl's partner network and generating valuable warm leads.
Sales and Marketing Success: Collaborative efforts with partners resulted in increased sales and effective marketing initiatives, especially with integration partners.
Conclusion:RevControl's journey to establish and manage a robust partner ecosystem with Bond showcases the potential for hospitality technology providers to leverage strategic partnerships for growth and success. By implementing structured partner management, streamlining CRM workflows, optimizing partner onboarding, expanding the partner network, and driving sales and marketing initiatives, RevControl achieved remarkable results in its partnership endeavors. This case study exemplifies the power of strategic partnerships in driving growth and innovation in the hospitality technology sector.
Founded in Athens, Greece in 2015, Welcome Pickups set out to revolutionize the way travelers experience new destinations. The company offers fully automated private transfer and leisure travel services to hotel guests, providing multiple benefits:
Enhanced customer satisfaction
Additional revenue streams for hotels
Valuable guest data collection
To accelerate growth and expand its market presence, Welcome Pickups partnered with Bond to optimize its partnership strategy. The collaboration focused on leveraging existing integration partners and establishing new connections, particularly with hotel Property Management Systems and Channel Managers. These integrations are crucial for delivering a seamless experience to end users.
The partnership with Bond outlined four key objectives:
Boost lead generation from existing target connectivity partners
Establish multiple new connectivity partnerships within a 12-month timeframe
Implement cross-marketing initiatives with partners to enhance brand visibility
Develop one or more value-driven partnership programs
This strategic approach aimed to support Welcome Pickups' product growth in new target markets while strengthening its position within the travel technology ecosystem.
The strategy involved engaging existing partners to introduce Welcome Pickups’ solution and create opportunities to present to their customer-facing teams.
Our goals were to:
Ensure partners recognise Welcome Pickups as a powerful, easy-to-implement solution within their ecosystem.
Demonstrate to partners how Welcome Pickups can maximize their clients' success while increasing product loyalty - a win-win-win situation.
We implemented this through:
Online partner demos and face-to-face meetings in local territories and languages.
Providing resources for partners' internal knowledge bases.
Enhancing visibility on partner marketplaces by regularly updating Welcome Pickups’ profile with improved content, visuals, and links.
Creating a Partner Directory on Welcome Pickups’ website to reciprocate visibility.
Measuring partnership effectiveness:
Despite not using dedicated Partner Relationship Management software, we optimized Welcome Pickup's Hubspot CRM to track partner-generated leads and form downloads. This allowed us to:
Allocate leads to the correct partners.
Train the sales team to properly tag partner-sourced leads.
Track key metrics such as new leads, conversion rates, and top-performing partners.
Report on specific KPIs, providing clear data-driven insights.
Engagement strategies:
After establishing these foundational elements, we focused on engagement and cross-marketing opportunities with existing partners. This approach:
Improved results from partnerships.
Facilitated sharing opportunities within our customer base.
Increased visibility, supporting sales teams in co-selling initiatives with partners.
Our efforts paid off when Welcome Pickups was recognized by Siteminder, a major player in Hotel Tech, as a finalist in three categories:
App Partner of the Year
Industry Champion of the Year
Innovation Partner of the Year
Ultimately, Welcome Pickups won the title of App Partner of the Year in 2023, validating our partnership strategy.
Welcome Pickups also became an official Mews Stacks Partner - a recognition that is surely helping to shed more light about the partnership and that addresses direct visibility towards their clients:
We also started to coordinate many more cross- activities and campaigns with partners such as:
Co-hosted Webinars with key partners: split of the responsibilities about the creation of assets, registration links, invitation prospects & customers, etc..
Sponsoring events, joining panels and speaking opportunities at tradeshows
Co-marketing materials such as custom landing pages for partners
Guest Blogs
Through direct communication with partners and assessing their needs, we developed a more tailored value proposition for Welcome Pickups' integration partners, both existing and potential. This approach has yielded several benefits:
Enhanced Partner Incentivization: We now have a clear understanding of how to motivate new connectivity partners effectively.
Stronger Relationship Building: Our refined strategy allows us to establish robust relationships from the outset.
Improved Go-to-Market (GTM) Strategy: We can now craft and implement more effective GTM strategies in collaboration with our partners.
This proactive approach ensures that for each new partnership opportunity, Welcome Pickups is well-equipped to:
Articulate its unique value
Align with partner objectives
Foster mutually beneficial relationships
Execute joint market entry plans efficiently
By adapting our approach based on partner feedback, we've created a more dynamic and responsive partnership model that supports both Welcome Pickups' growth and our partners' success.
Progress on Partnership Goals (January - July 2024)
Sales Pipeline Growth:some text
Target: 100 new deals from integration partners by the end of 2024
Current Status: Achieved 2/3 of the target in just 6 months
Projection: Pipeline expected to significantly exceed initial goal
New Integrations:some text
Target: 10 new integrations on the roadmap by the end of 2024
Current Status: 5 new integrations developed since January
Impact: Bond's expertise in partner identification and go-to-market strategy has been crucial
Key Success Factors:
Effective partner qualification based on Welcome Pickups' criteria
Strong go-to-market launch strategies for newly integrated partners
Continuous collaboration between Bond and Welcome Pickups teams
Emphasis on learning and A/B testing to optimize performance