About This File
Welcome to the TIBCO GTM - Sales Headquarters
2024 TIBCO priorities will focus on introducing the Platform vision and speeding effective sales execution using a primary selling motion at the mid-term or renewal event while mitigating customer risk and fostering customer lifetime value.
The sales journey starts with the preparation outlined in the process overview below. Lead discussions by introducing new possibilities; understand your customer's short and long-term motivations based on past, current, and anticipated future-state needs; leverage a compelling event/renewal to inspire action and partner with customers to realize their fastest path to value.
Top Reasons Why Customers Make the Switch
Customer's experiences in today’s world of prolonged periods of disruption and uncertainty:
Reason #1. Price protection and OPEX versus CAPEX
Reason #2. Reduce complexity
Reason #3. Scalable deployment
Reason #4. Avoid open-source maintenance
Reason #5. Increase flexibility and governance
Reason #6. Accelerate Innovation
The value of Subscription Conversion with TIBCO
The Seller's Journey: Approaches to Building Trust | Customer Value | Mutually Beneficial Relationships
In a disruptive climate, customers seek technology to create marketplace differentiation and resilient processes to innovate, collaborate and grow. CSG's value proposition is based on listening to customers (not just at the renewal event) and helping them buy into a compelling value proposition where technology can increase customer value and reduce friction.
Questions to ask:
● People - How do you build a culture that enables and empowers employees to perform at their best to build the best products and services in the marketplace? ● Process - How do you drive operational efficiencies without hindering productivity? How do you continuously develop and improve - while remaining mindful of the customer's ever-evolving needs? How do you manage technical debt and stay ahead of the changing technologies? Are you able to use similar solutions better than other industries? What about the competition within the same industry? ● Market - How will your business model look in 12 months? What about in 5 or 10 years? Will you be a market leader or a niche participant? Will your customer still care about the same things from last year, last month, or even yesterday?
Process Overview
Plan, build, and present a compelling value proposition to consolidate and convert customers with the conversion from Perpetual to Subscription and expand usage, upsell to the latest/advanced version, and cross-sell new capabilities. The CSG Account Plan and a Demand Profile are of the utmost importance to set the conditions for your success. Be proactive and plan early the conversion of the subscription offering early, at least six months out from the renewal date.
Step 1: Create a CSG Account Plan or a TIBCO/ibi Account Plan .The CSG Account Plan generates demand with specific objectives, goals, actions, and measurements, inclusive of white space analysis. The demand profile provides the customers’ software consumption model, organic growth, and future state needs. Both documents require research on your customer's investments with TIBCO by reviewing historical spending, entitlements, contracts, and renewals and aggregating them into the inventory template.
Customer Inventory:
Step 2: Determine the financial goals and benefits of the transaction to establish the financial parameters based on historical spending, new demand, etc.
Step 3: Align with customers and consider a halt to maintenance payments based on the projected demand. The Account Team will take different approaches based on individual circumstances and judgment. Following the initial alignment deliverable, the Account Team should position the differences in product/SKU when moving from a perpetual to a subscription model, and the associated value or advantages.
Supporting assets: Perspective, Executive First, Collaborative Optimization workshop, Product/SKU mapping.
Step 5: Validate the value potential, submit a proposal, and make plans to ensure the customer achieves the value throughout the lifecycle.
Supporting assets: Value summary, Validated Perspective, VHC VRR.
Competitive Landscape
There are primarily two types of competitors, mainly falling into two categories:
Overarching Competitors: Large enterprise software companies with whom we compete in multiple core capabilities (AWS, IBM, Microsoft, IBM, Oracle, Salesforce & SAP).
Specialized Providers: Software companies specializing in a niche market, with whom we compete in a single core capability.
View TIBCO's & Spotfire's competitive landscape and use the active battle cards to understand differentiators vs. the competition and strategies to win against the competition.
Platform Sales Play - Primary Selling Motion
The TIBCO Platform is a real-time composable data platform, ultimately creating greater business and technical value for our customers.
Expand the Core & Upsell
Theme: Connected Enterprise: Connect apps, data, and devices seamlessly across the enterprise to scale the digital ecosystem, break down organizational silos, deliver engaging experiences to users, and expand value into new markets.
Lead with Capabilities: Integration (BW, BWCE) |
Introduce New Use Cases & Cross-Sell
Theme: Data Integration Tools and its processes underneath it (consolidated, single source of truth, quality data) allows huge gains for businesses, increasing revenue and market share alongside traditional goals like decreasing data errors and saving time by making data accessible.
Lead with Capabilities: Events, Messaging, API Mgmt. | Data Integration ToolsLead with Capabilities: Integration, Messaging API Mgmt., MDM, DV | Lead with Capabilities - API Mgmt., DV, Integration, Data Science | Lead with Capabilities: Data Visualization, Data Science |
Theme (from Gartner):Decision Intelligence (DI) is a practical discipline used to improve decision-making by explicitly understanding and engineering the decision-making process and how outcomes are evaluated, managed, and improved using feedback. Depending on the context, a wide range of techniques can be used in DI, ranging from conventional analytics to AI and complex adaptive system applications.
TIBCO Platform Value Discovery & Calculator
TIBCO Platform Demo Vignettes
TIBCO Platform Control Plane
TIBCO Platform introduces a new, beautifully designed Control Plane, a unified user experience designed for a variety of different roles in the enterprise, that brings together all of our customers TIBCO solutions wherever they exist, including on-premises.
Value Drivers
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TIBCO Platform Control Tower
TIBCO Platform also introduces the new TIBCO Platform Control Tower, which is designed to surface TIBCO BusinessWorks 5, TIBCO BusinessEvents 6, and TIBCO EMS instances that are running on-premises to the TIBCO Platform Control Plane - with no changes required to these components.
Value Drivers
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TIBCO Developer Hub
It embeds the TIBCO Developer Hub - a single, unified developer hub powered by Spotify Backstage that dramatically increases developer productivity. Demo
Value Drivers
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TIBCO Platform FinOps (Future State)
FinOps capabilities in TIBCO Platform help in aligning the goals of engineering, DevOps, and financial teams to ensure financial discipline is maintained in software deployment and optimal value is achieved for the business. Demo
Value Drivers
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This is for the Account Executives' call-to-action!!
In JEFE - Stage - 4 of the Opportunity
- Select sales plays (use cases) used to progress the growth opportunity
- Provide qualitative feedback on use cases/selling patterns
Send me an email with your ideas to: susan.collins@cloud.com
Learn and Coach Resources
- e-Learning - The Platform Vision (ETA - Dec 11)
- TIBCO Academy: Subscription Conversion Product Orientation
- Video: Demand Profile (Customer Profile/Deployment Report)
- Video (AE Rundown): FATCO Conversion
- Deck: Value Proposition Development
- Examples: CVR; Value Review; Value Summary; Proposal
Bill-of-Materials
- Industry Slides (Healthcare, Insurance, MFG, Pharma MFG)
- Perspectives: TIBCO Digital Transformation Perspective; TIBCO RAM Perspective; TIBCO Pharma Perspective; TIBCO Connect Perspective; TIBCO DV Perspective; TIBCO ADF Perspective
- Executives Firsts: Rapid TCI Exec First; Rapid TIBCO EBX Exec First; Rapid TDV Exec First; TIBCO Messaging Exec First; TIBCO Spotfire Exec First; TIBCO DX Exec First
- Decks: TIBCO Customer Optimization - Customer Value Proposition, The Value of Subscription Conversion with TIBCO
- Datasheet: TIBCO Customer Optimization
- TIBCO & MSFT eBook: A New Path to the Cloud: Modern Integration Options…
- Click here to view Legacy Industry and Commercial Sales Plays
- Battlecards:
Subject Matter Experts:
Core Contacts: