Resources Case Studies KinectiveCustomer Success Story
Company

Kinective

Industry

Fintech

Interviewee Name & Title

Scott Perkins, EVP Sales

Company Overview

Kinective offers comprehensive technology solutions aiding banks and credit unions across the banking ecosystem in the age of digital transformation by providing secure connectivity and workflow solutions that enable IT modernization, operating efficiency, and elevated client experiences for financial institutions, fintechs, and banking cores. Learn more at https://www.kinective.io/.


Integrations
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Kinective Case Study

Enhance Performance, Reduce Uncertainty

Prodoscore has had a transformative impact on employee performance at our organization, specifically on the sales team. Using the data, we’ve created a structured approach to accountability, setting clear monthly targets for new sales hires and incentivizing achievement with monetary rewards.

We’ve been able to ramp up our new team members much faster because they’re given target scores with specific metrics like call and email volumes, number of opportunities created, etc. We outline salary goals for them and then provide direction on how to meet whichever goal they choose based on activity metrics.

The number 47

The number 47 is particularly meaningful for our team because that’s the score we’ve determined is our benchmark. It’s a solid KPI for our team – employees who keep their Prodoscores above that number tend to be on track while those who dip below it fall short. It’s that simple.

Reception and Impact

Initially adopted to address performance judgment concerns, the software facilitated behavioral changes among team members, ultimately improving efficiency and sales. Despite initial mixed reactions from employees, Prodoscore is now a part of our ecosystem and its positive impact can’t be overstated. There was a time when sales reps showed an aversion to tools like Gong that record phone calls but that technology is now ubiquitous – I’d be hard pressed to find a successful sales organization that’s not using call recording technology for coaching purposes.

We’re transparent about how we use Prodoscore data and the purpose it serves, which has helped get the team on board. Sales reps also reap the benefits through higher sales commissions and other bonuses; and, there’s an element of gamification that keeps everyone engaged and motivated. This “psychic income” has proven to be an effective tool for encouraging productivity and a sense of competition among the team. There is power in this approach to influence behavior and incentivize desired outcomes like meeting sales targets.

As a leader, I’m more confident than ever in my ability to predict future outcomes, which not only makes me a better manager but also a better employee to our CEO and the board. Consider the challenges of relying on analyst forecasts, for example. How accurate can we really be when we’re only looking backwards? The magic lies in predicting future outcomes based on objective data and leading indicators.

Future Opportunities

I’ve implemented Prodoscore at the last 4 organizations I worked at and know that I’ll continue taking it with me wherever I go. Our data-centric strategy has resulted in low employee attrition and above-average sales results – two critical metrics that drive high performance. The data enhances my ability to guide both employees and clients and we’re actually looking to roll it out to other departments. Now that we have a solid process in place it’ll be easy to mimic some of our learnings with other teams.

I am excited about the future state of Prodoscore. Recent improvements have been valuable and I’m eager to see more generative AI components plus collaboration insights. I really think Prodoscore is setting itself up to dominate the space and we’re excited to have a front seat.

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