the gift of insight: analytics for the gift card marketplace - a raise case study
TRANSCRIPT
AT A GLANCE
The Gift of Insight: Analytics for the Gift Card MarketplaceSelling Success, Card by CardFounded in early 2013 as an offshoot of CouponTrade, a savings website for
discount gift cards, coupons and other deals – Raise.com is an online marketplace
that enables individuals and companies to buy and sell gift cards at a discount.
Initially designed as a consumer-to-consumer marketplace like an eBay or Stubhub,
by mid-2013 Raise had expanded their sales targets to include retail and other
brands wanting to resell gift cards that would have otherwise remained unused.
At that time, Yale Sun, Data Team Lead at Raise, was managing reporting using
RJ Metrics, an out-of-the-box tool that met their immediate needs. But within
just six months of implementing it, she had realized the limits of the solution,
recognizing that it couldn’t and wouldn’t be able to deliver the degree of depth
and customization the quickly growing company required. With her time for pulling
manual reports from SQL limited and executive requests for sales and operational
data on the rise, Sun knew she needed a solution that could meet and scale with the
company’s demands, freeing her to focus on strategic work. A solution that could
deliver detailed insight into sales performance and operational analytics – helping
fuel the young company’s growth while ensuring customer retention.
Turning Data Managers Into Data Scientists
1© 2014 GoodData Corporation. All rights reserved.
Company: eCommerce, 100+ employees
Customer Since: 2014
Solution: GoodData Platform
Use Case: Sales and Operational Analytics
Favorite Metric: New User Growth
Best Feature: Ability to use both internally and as a white-labeled product
Results: ► Less than 60 days to go live, with a single resource managing self-service implementation
► Successive revenue increases every month since rollout to sales.
► Operational & service improvements of revenue
► Enhanced visibility throughout the sales organization and at the exec level
► Ability to use internally and white-label for an additional revenue stream
Sun began the search for a solution that would provide her with enhanced flexibility
related to reporting. As a digital company, cloud was an absolute necessity for a smooth
integration. She was also interested in the ability to control yet remain agile with the
design to meet evolving business needs. Critically, she didn’t want to have to re-engage
the provider every time she needed to make a shift. She explained, “We’re a startup, so
undergoing a relaunch every time something changes is just not feasible for us.”
Working with GoodData partner Zendesk for SaaS-based customer service
management, Sun was impressed with the dynamic analytics capabilities she observed
within their solution. After inquiring, she learned they were powered by GoodData.
Seeing that GoodData not only met her requirements, but also delivered the
opportunity to white label as they grew their corporate resale channel, the choice was
obvious to Sun.
In January 2014, Raise signed with GoodData to deliver an analytics solution that would
provide insight into both sales and operational performance, combining data from
SFDC, SQL and Zendesk into actionable insights. The next month, Sun was learning
CloudConnect and by March (in less than 60 days and without onsite tech support) she had
already deployed the customized platform at Raise leveraging the support of GoodData’s
services team. Said Sun, “GoodData is so easy to use, anyone can become data savvy.
From end-to-end, GoodData put me in control of the solution and the outcomes.”
G O O D D A T A C U S T O M E R S T O R Y | R A I S E . C O M
“GoodData gives our sales team the insights they need to market, sell and grow our business in a fraction of the time.”
Yale SunData Team Lead,Raise.com
[email protected] 415-200-0186 @gooddataGet in touch.
G O O D D A T A C U S T O M E R S T O R Y | R A I S E . C O M
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gooddata.com
Raise.com 7- Day Listings Dashboard.All data has been genericized.
Charting a Course to Immediate and Long-Term SuccessThe next month Raise added Jr. Data Analyst Kyle Mok to the team, setting about the
task of developing the right connectors, models and dashboards. 2 months later, their
fully-integrated and optimized data machine was humming along. Kyle explained,
“Before I joined the team, I had no experience in launching an analytics solution of
this scale. GoodData gave me the guidance and resources I needed to understand
what I had to do within days, not weeks or months.”
The results were nearly instantaneous. With little lead-time or training, sales
performance hit an immediate upswing as reps gained real-time insights into data,
allowing them to focus efforts on high-yield opportunities. Now, Sales Managers
are able to review pipeline, revenue contribution, team performance and account
profitability to make informed decisions. The Executive Team is now armed with
the information they need to create projections, and conduct long-term planning
exercises. Retention has hit an all-time high, as tickets are better prioritized and
common issues identified and addressed.
What’s next for GoodData and Raise? Sun is looking into automated marketing
analytics, coordinating insights from Google Analytics, AdWords and other social/
digital data sources to gain a full picture of the lead to conversion pipeline for
developing new business. Financial data may come next.
Most interesting to Raise? The option of white-labeling GoodData’s advanced insights
into sales data for large clients and brands. Sun elaborates, “Imagine what being able
to deliver an additional revenue stream with compelling evidence into performance to
Fortune 500 brands could do for us. It has the potential to catapult us as a company
into a whole new realm. That’s the power of coupling a strong business offering with
embedded analytics.”
Raise.com