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How not to drain Marketing investments: Voximplant case study

Growing companies often try to get the most technological, innovative and advanced without figuring out what kind of return on these investments the business will receive. I'll tell you about working with a client who had everything different. The company clearly knew what it needed and tried to solve problems even before they arose. It wanted to direct millions of investments for the benefit of the business and not for an accidental drain.
Voximplant is a cloud-based voice and video telephony platform. It serves 30,000 customers worldwide and processes more than a billion calls annually. And it is also actively growing in income, in the number of employees and in the amount of accumulated data.
The guys came to me with a clear request: to combine data from different sources and develop clear and visual reports on finance and marketing on them. We started working on the project in May last year. Now Voximplant continues to improve its data, and my analysts are refining dashboards in accordance with these changes.

I talked to two representatives of the customer about how the work with my team was developing and what results it brought:

Ivan Alekseev — Head of Voximplant Analytics Department. He supervised the project for the development of marketing dashboards;

Yulia Grosheva is the financial director of the company. Under her leadership my analysts made financial reports.

While marketing lacked data, top managers lacked the right metrics

Company data is stored in different accounting systems: in advertising cabinets, in CRM, in the financial system and corporate database. It was clear that the internal opportunities of Salesforce CRM are not enough to build full-fledged marketing reports — data from multiple sources is needed for end-to-end analytics.
The marketing department really wanted to combine data from different accounting systems, but there was no ready-made tool for this. The guys collected something manually, but it's always a risk that can put an end to the reliability of the data.
Photo of Ivan for his quote
Head of Voximplant Analytics Department
For example, to see the results of all step of the works with leads it should be clear that:

● how much money is spent on each campaign
● what sources do leads come from
● how are they handled by managers
● how many of them become real clients
● how much money they bring to the company

The answer to the first and second questions is in different advertising cabinets. On the third and fourth can be found in CRM, on the fifth you need to look in the financial system.
Дашборд в CRM-системе
Of course, the company knew how much money they spent on each advertising campaign. And it even knew how much money the advertising campaign received for them. But why so much? How to increase this amount? To answer these questions, we need end-to-end analytics that will combine all the information in one tool. Voximplant took up this task without waiting for possible losses due to errors in the distribution of the marketing budget.

Data from different accounting systems was also required for full financial analytics. But the main difficulty here was in the method of calculating metrics. According to Financial Director Yulia, it is not enough to know which metrics need to be tracked. The main thing is to determine the exact rules for their calculation. I couldn't test different approaches on my own and do it quickly.

How did we choose the platform and contractor?

It would seem that since the company uses Salesforce CRM, it was logical to choose Tableau as BI platforms. But this idea was abandoned almost immediately and Microsoft Power BI was preferred to others:

● it's easier to "connect" it to all accounting systems - not only CRM
● some employees already had experience working with the product
● the market for Power BI support specialists is more suitable
We quickly decided that Power BI was the right solution for our company.It is relatively easy to implement and use, with good visualization and fast visible results.
Photo of Ivan for his quote about Power BI
Head of Voximplant Analytics Department
The choice of the Institute of Business Intelligence as a contractor was also not thought about for a long time. There are not so many integrators on the Russian market, so the choice, according to Ivan, in principle was small. “I didn't want to go to large companies — it's both long and expensive. In addition, there is a serious gap between those who sell the BI system and those who then implement it”.

In addition, it turned out that both project managers from the customer's side had already encountered me before. Ivan knew me from his last job (I provided the dashboards master class for them), and Yulia took my online course.

By the way, Julia is worth saying separately. From her we received not only wishes for the financial dashboard, but also the MVP of the product. This is, in principle, a rare case when the client himself makes a "trial version" of the dashboard. An even rarer case is that the CFO of the company does it himself.
At some point, I realized that I needed to study Power BI further in depth or look for a person who would do it at the professional level. And when it was not possible to find such a specialist quickly, we connected with you.
Photo of Julia for her quote about Power BI
Financial Director of Voximplant
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How we worked: from the dashboard pilot version to business process optimization

We did not spend weeks coordinating estimates and waiting for a technical task from the client. We followed the Time & Material scheme: conducted interviews, identified needs, discussed the rate for hourly work and estimated the approximate amount of work. We immediately agreed to develop a pilot version of the financial dashboard "based on" the MVP from Julia.
After 2 weeks, the pilot version was handed over. It was a tool that could already be worked with. Both the curators and Voximplant stakeholders liked the result, so we quickly took up the main project and began to develop the rest of the financial reports.

Negotiations with the Vice President of Marketing

In parallel, we also worked on a set of dashboards for marketing. To do this, we conducted several interviews with the stakeholder in English. Our experience in digital marketing, the skill of working with metrics and the ability to offer calculation options without going into technical details came in handy here.

Many people in the Voximplant team know both English and marketing metrics. But when one thing overlaps on the other, difficulties arise that require time to figure out the details. We need specialists who will "get" the necessary information from the stakeholder, coordinate solutions and offer the result in the form of a technical product.

Working on the source data for the quality of dashboards

Sometimes when the client sees the dashboard for the first time, he starts to panic: "That's wrong here, your Power BI thinks wrong!". We returned to the original data and it became clear: the question is in their quality. This has never happened with Voximplant: the team understood that it was necessary to work on the data. Therefore, in parallel, I cleaned and configured data in CRM and other accounting systems. This has already helped to get results that were not there before.
We are still using dashboards to improve our data storage systems by screwing them up. And we see that it brings benefits. For example, now we can analyze in detail how the initial need of the lead turned into a real solution.
Photo of Ivan for his quote about dashboards
Head of Voximplant Analytics Department
So the company detected cases when the client was not stuck to the manager or was attached, for example, to a former employee. This finding has improved both analytics on counterparties and work with them: now managers receive information about such situations immediately.

The result: reliability, leads quality and efficiency control

The company has been actively using dashboards for only a few months, but it has already managed to improve the quality of data in its systems and has received a base for more complete analytics.
We saw how our Expansion Rate significantly decreased in December in comparison with other periods. We began to understand and realized that because of that two years ago the revenue documents were filled out manually, large customers did not match somewhere. We still need to work on the quality of data in order to get full-fledged analytics. But the fact that we basically started watching it already gives a lot.
Photo of Julia for her quote about Expansion Rate
Financial Director of Voximplant
As Ivan says, one of the results of our project and parallel work on the quality of the source data can be considered the "development of stakeholders". They treated data from storage systems with distrust. The appearance of dashboards forced us to take a fresh look at the data in principle, to realize their value. Now, if a stakeholder has a question, he looks at the reports in Power BI. And he trusts this data 100%.

The marketing department understands where to invest in

Marketing dashboards in Voximplant are currently used by about 20-30 people. These are all those who work on lead generation: event managers, smm specialists, curators of webinars, targetologists, marketers. All of them watch reports in Power BI constantly and regularly. They hold weekly meetings, discuss the data received, draw conclusions, adjust their work and make decisions.
Дашборд в Power BI

Marketing Dashboard. Customer data is hidden

Now employees use this data, understand how and why to do it. The marketing department now has the correct understanding of what it is worth investing money in, where high-quality leads come from. That's exactly what was needed.
Photo of Ivan for his quote about employees using the data
Head of Voximplant Analytics Department
BI analytics helped to set up and optimize the lead generation process. Employees saw, for example, that the percentage of high-quality leads is very different by region. We took this into account, adjusted advertising campaigns in the regions, changed the focus, and now they are getting more leads that are converted into real customers.
Professional mastery of Power BI
Interactive reports in 1 hours
Quick and easy data analysis
Savvy Power BI Dashboards
for Your Data-Driven Decisions
BI Projects

Top managers monitor financial indicators

Step by step stakeholders and top managers are getting used to the regular exploitation of financial dashboards, and clear metrics and visual indicators contribute to their work.
We have been trying for a very long time to achieve full control of important indicators for us: LTV, ARR, Expansion Rate, Churn Rate. Finally, we have decided on a suitable methodology for calculating these metrics and now we understand how our old customer base is growing and how a new one is being formed.
Photo of Julia for hew quote about calculating metrics
Financial Director of Voximplant
Дашборд в Power BI

Finance Dashboard. Customer data is hidden

Here is an example from Julia. The insight was the division of clients into groups with different amounts of revenue. Here's what it helped to understand:

● which clients bring a small part of the revenue;
● what is the difference in Churn Rate between customer categories;
● what is the difference in LTV between customer categories?

Such analytics is the basis for making new decisions. It is already possible to understand why the indicators are exactly like this, and think about how to influence their improvement.
When we see a serious increase in revenue or, conversely, a decline, dashboards help identify the causes of these phenomena. Now we can quickly fix problems or, conversely, scale successful moves.
Photo of Julia for her quote about dashboards for fixing problems
Financial Director of Voximplant

"If data is a product, then your dashboards are a great cuisinart"

The metaphor about the product and the cuisinator is not mine, its author is the CFO of Voximplant. It was this comparison that came to Julia's mind during the discussion of the results of our project. You take the product, she says, run it into a food processor and quickly get excellent semi-finished products. Fortunately, like other employees of this company, Julia understands at the same time that the quality of the original product is on the customer's side.
We definitely would not have done such a thing ourselves in this period. Your specialists have been working in a consolidated manner on our tasks, and in parallel on both marketing and financial dashboards. It helped to get the result quickly.
Photo of Julia for her quote about financial dashboards
Financial Director of Voximplant
An interesting point: some stakeholders used to think that new tools would be needed for a "beautiful picture" on the dashboard, which means new investments. We were surprised when we saw that this was not the case. And we noted the work of designers who are able not just to work with Power BI, but to place accents so that the necessary information attracts attention and is remembered.

Voximplant became an unusual customer for us. Both in terms of interaction with us, and in terms of the level of culture of working with data. It is rare to say that about anyone: yes, this is a company with a Data-Driven approach. It understands the value of data and knows how to use it for business growth.
I was very impressed with the Institute of Business Intelligence technical capabilities and design skills. I would hire them again for a future project. They helped us visualize Marketing and Sales data.

It was previously very time consuming to analyze our funnel performance, and we were often limited to just a few filters. After they built multiple interactive dashboards, the Marketing team started using these dashboards multiple times per day every day. We have been able to find innumerable insights and make decisions faster.
Vice President of Marketing Grant Duncan
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