Varicent Blog

This holiday season, celebrate the pros who keep your revenue performance engine running—even when misaligned plans and inefficiencies threaten to slow things down. Our 2024 gift guide is filled with handpicked recommendations that will make the perfect present for any sales performance management professional. Gifts For Sales and Revenue Leaders Gifts For Sales Comp Professionals Gifts For RevOps Experts Gifts For Sellers

How Combining Varicent and AgentSync Creates a Truly Exceptional Producer Experience Today’s insurance carriers rely on a vast network of distribution partners in an industry that’s more connected – and more complex – than ever before. Similarly, licensed insurance agents, producers, and brokers (whatever name they go by in your business) have a wide variety of options of which carriers to work with and which products to sell. We’ve been talking a lot recently about how transparency, trust, and personalization are vital components in every carrier’s ability to attract and retain the producers your business needs to succeed. But just having these ingredients isn’t enough. To win in the insurance business, you need producers who are bought into your products and engaged with your company, and fully empowered to sell on your behalf. If you’re wondering how to achieve this, we’d like to propose that it comes from focusing on the principles of trust, transparency, and personalization at every stage of the producer lifecycle. From their initial onboarding to their first commission payment, and throughout the entire span of your relationship, producers who have a positive experience and feel their carrier partners are, in fact, partners will be the ones who power your success. You can achieve this by creating a connected, integrated, and engaged process that provides a seamless, powerful and personalized experience. This enhances agent trust, and connection to you as a carrier. To get there, you don’t need a magic wand or an army of administrative staff to support those producers. In fact, you can do it with far fewer people, in less time, and spending less money than you likely already do. This is because technology can streamline and automate the entire producer lifecycle in a way that’s connected from start to finish and provides a transparent, personalized experience to each producer, which increases their trust in your organization and their drive to continue a successful partnership with you. Keep reading to learn how you can achieve your distribution management goals with the combined best-in-class technologies of AgentSync and Varicent. Reasons Why Disconnected Producer-Carrier Onboarding-Management-Commission Leaves Your Producers Wanting More There are a number of reasons why producers may become frustrated with their carrier partners, from before the relationship really even starts to potential pitfalls that could end or ruin the relationship! A Frustrating and Time-consuming Experience to Get to That First Sale. For many insurance producers, the onboarding process is their first real interaction with a carrier’s operational ethos. Unfortunately, this process is often bogged down by paperwork, slow approvals, and a lack of clear communication. Producers are ready to go, but are left waiting, unclear of their status in the process, unsure of how much money they can generate from the sale, and frustrated that they are bogged down in process. This can sour their initial enthusiasm and can dampen their eagerness to work with you. In the worst case, they might churn before they sell a single policy, making the entire effort up to that point a waste of time and money. Entering and Re-entering Information Across Multiple Systems One of the most common grievances from producers is the need to input the same personal and professional information into multiple systems. Each system a producer interacts with—from compliance databases to commission management—may require its own set of entries, leading to duplicated efforts, increased chances of errors, and a significant waste of time. Producers Spend Time Applying for Licenses, Renewing licenses, Understanding Commission Payments, and Tracking CE: Not Selling Instead of focusing on selling, producers often find themselves mired in administrative tasks such as applying for new licenses, renewing existing ones, and trying to figure out how much, and when they will get paid. This not only detracts from their core activities but also adds an element of frustration as they navigate through various state regulations and requirements. Clawbacks: The Proverbial Hand in Your Pocket Disconnect between eligibility to sell and incorrect payments leads to many in the insurance industry accepting that commission clawbacks are inevitable. However, the impact a clawback can have on a producer-carrier relationship can’t be ignored. Taking back money from someone who believes they’ve rightfully earned it, often without a proper explanation is a recipe for fallout. How AgentSync and Varicent Solve Each of These Challenges AgentSync and Varicent are each powerful technologies in their own right, but their partnership and integrated approach gives carriers a unique differentiator to providing their producers with a better, more connected and engaged end to end process. AgentSync focuses on getting producers licensed, appointed, and ready to sell quickly while also keeping them effortlessly compliant with all state regulations. Varicent gives producers unparalleled transparency into their commission process, highlighting how and when they will be able to generate revenue. When paired together, AgentSync and Varicent open entirely new doors to efficiency and producer experience that benefit everyone from the carrier to the individual producer. Here are just a few examples of how: Enter Data Once, and Get Ready to Sell (and make money!) With AgentSync’s custom onboarding portal, producers enter their information only once – this data is then seamlessly connected to Varicent’s commission engine, giving them access and information on their commission schedules, and insurance sales tracking software. This eliminates redundant data entry, reduces the risk of errors and empowers the producer to be able to sell, and understand the impact of that sale quickly and efficiently. By automating and streamlining the onboarding process, it becomes faster, easier, more compliant, less expensive, and just plain better for everyone involved. Ready to Sell = Ready to Be Paid AgentSync automates and streamlines managing licenses, appointments, and CE credits for every producer across multiple states (resident and nonresident). With state regulations, including new and changing ones, baked into the system, the software ensures that producers are always compliant and have the greenlight to sell without any manual effort. By ensuring that this data is up to date, and directly integrated into the commissions process, it means no more clawbacks for any policies sold outside of compliance. When producers don’t have to manage these compliance aspects or track their commission themselves in a spreadsheet (or the back of a napkin), it frees up their time to build client relationships and sell. The benefits extend to internal compliance teams who have much more strategic work to do than cross reference state websites and spreadsheets to verify each producer is good to go and paid correctly. Your Brand, Your Way With AgentSync’s custom onboarding portal, and continuous management of licenses combined with Varicent’s configurable commissions and reporting engine, you are able to put your best foot forward when engaging with your producers. Each stage through the lifecycle of a producer is an opportunity for you to provide a better, more engaged and personalized process for your producers, and differentiate yourselves as the carrier of preference. By creating a connected, seamless, efficient and personalized process you are connecting your producer with your brand and amplifying why they should want to do business with you, and how doing business with you is more efficient, engaging and, at the end of the day, profitable than other carriers. AgentSync and Varicent: Better Together Don’t go halfway with your producer experience. Combine two top-of-the-line solutions to achieve your goals. AgentSync manages the compliance and licensing landscape, while Varicent takes charge of financial aspects such as commission tracking and payouts. Together, they ensure that your producers have a seamless, efficient, and highly satisfactory experience from day one. What better way to use technology than to create a culture of transparency, trust, and personalization that gives you a competitive advantage over carriers still doing things the way they’ve always done them? Contact AgentSync or Varicent today for a demo of how they work together to achieve your producer experience goals.

In today's rapidly shifting economic landscape, many organizations are faced with an impossible dilemma—tightening budgets with a mounting pressure to drive growth. It appears that the era of “growth at all costs” is over, and businesses are now re-evaluating their approach to revenue. The solution? Sustainable growth, and many are turning to Revenue Operations as a lifeline in their bid to stretch limited budgets and drive efficiency across sales, marketing, and customer success. The focus has shifted to efficiency, profitability, and retaining existing customers, making Revenue Operations no longer a nice-to-have function—it’s become a strategic asset. In our recent episode of ‘What I Wish I Knew’, we were joined by Jason Cahill, Vice President of Revenue Operations at Vensure, as we explored the evolving role of Revenue Operations (also known as “RevOps”), how it simplifies processes, and strategies that help drive alignment between teams to maximize revenue in today’s competitive marketplace. Jason’s path to VP of Revenue Operations is a reflection of the growing recognition and need for this role. From a successful sales career where he achieved great results, he transitioned into sales enablement and marketing, gaining a well-rounded understanding of strategy, training, and operations. His experience as a self-described "sales scientist," constantly refining his approach, prepared him for RevOps, where he now applies his sales expertise to larger operational strategies. Let’s unravel Jason’s strategic insights and how they can help companies navigate a new era of growth—without the excess! Unlocking the Secrets to Successful Revenue Operations: An Overview Our conversation was packed with valuable insights and strategies on how to enhance your revenue performance, including the importance of data consolidation, technology integration, and a culture of continuous improvement for business success. In this blog, I’ll recap some of the insights shared in the episode, including: What is Revenue Operations (RevOps)? The Vital Importance of Revenue Operations The RevOps Framework in a Nutshell The RevOps Tech Stack and How to Streamline Tools for Maximum Impact The RevOps Data Strategy The Pillars of RevOps is People and Culture Tips for New RevOps Professionals Key Takeaways Missed the ‘What I Wish I Knew’ LinkedIn Live event? You can listen to the full episode on Spotify and YouTube. And follow us on LinkedIn, to stay in the know about upcoming What I Wish I Knew live episodes. What is Revenue Operations (RevOps)? If business growth is a team sport, RevOps is the coach—and its aim is to align all departments within the revenue organization to generate more consistent and scalable growth. A recent report by New Breed found that 97% of revenue leaders cite creating alignment between departments as their biggest challenge; naming inaccurate and/or inactionable data and misalignment between sales, marketing, and customer success as a derailment from achieving revenue goals. In Jason’s eyes, Revenue Operations aims to solve this by combining traditionally fragmented functions—sales ops, sales enablement, marketing ops, customer analytics, training and development—into one unified system. As he's pointed out, “RevOps isn’t just about connecting dots, it’s about aligning systems, people, and processes to support consistent revenue growth.” One of the core principles of Jason’s RevOps framework is rooted in understanding how every part of a business connects to revenue. He emphasized the need for professionals to gain a comprehensive understanding of the roles throughout the revenue organization. He argues that by learning about different departments and how they influence revenue, RevOps professionals can position themselves as vital contributors to the company's success by establishing the empathy needed to understand how every team works together to drive revenue. He stated, "You have to learn everything. You gotta talk to a lot of people. Get involved." His approach goes beyond simply managing data and leads; it’s about connecting with individuals across the company and understanding their unique perspectives, which helps align strategies toward a shared goal. The Vital Importance of Revenue Operations In the post-pandemic world, many organizations are looking to move away from a ‘growth at all costs’ mentality to more efficient, profitable growth strategies. This shift aligns with broader industry trends—Gong's recent Revenue Operations report highlights pipeline health and customer retention becoming the top priorities for the coming year, while organizations are also dealing with more complex deals, longer sales cycles, and increased competition. In such a challenging environment, the ability to streamline tools and align processes across teams becomes critical to sustaining growth. Historically companies have grown revenue without regard to cost efficiency—a model that’s no longer sustainable post-COVID. There’s a big shift to profitable growth and efficiency. RevOps is key to this transition by identifying and plugging revenue leaks, improving customer retention and making sure all parts of the organization are pointed towards the same revenue goals. As Jason mentioned during the interview, businesses today need to prioritize customer retention and pipeline performance instead of constantly hunting for new customers. “If you're lucky enough to get a customer, you’ve got to hold onto them and maximize your share of wallet,” he said. The RevOps Framework in a Nutshell In summary, the four main goals of Revenue Operations are data consolidation, workflow optimization, technology integration, and strategic alignment: Data Consolidation: Combining multiple data sources to get a single view of the customer and business performance. Workflow Optimization: Streamlining processes across sales, marketing and other customer facing teams to reduce friction and increase efficiency. Technology Integration: Making sure the tech stack supports operations and provides accurate and actionable insights. Strategic Alignment: Getting departments to work together so all efforts are pointed towards one goal—revenue growth. Jason stresses the importance of starting with the customer and working backwards through the product and all the business streams. Knowing how each department and their processes impact the customer and revenue is key to a RevOps framework. Remember to Keep Revenue the North Star! At the core of Jason’s methodology is a simple but powerful idea: keep revenue as your North Star. He emphasized that by ensuring every decision and process aligns with the goal of revenue generation, you position yourself for success. As Jason puts it, "If you keep revenue as your North Star, you won't fail." Staying focused on the overall revenue attainment goal means every action and decision is contributing to the company’s growth—a valuable philosophy to all RevOps frameworks. Whether implementing new technology or refining existing processes, the focus should be on how that drives revenue and the customer experience. The RevOps Tech Stack and How to Streamline Tools for Maximum Impact One area where businesses can easily get caught up is in technology. With an ever-growing list of tools and platforms to choose from, it can be tempting to focus on integration and features rather than the core objective—revenue generation. Jason uses a humorous analogy to drive this point home: “There’s a reason why my toaster isn’t connected to the Internet of Things... it just makes toast.” The takeaway? Don’t get bogged down by fancy tech stacks. Always ask, "How does this contribute to revenue?" If a tool isn’t contributing directly to your revenue goals, it may not be worth the investment. Gong’s 2024 report also mentions the importance of reducing the number of tools used by revenue teams. On average, reps use seven different tools to work on their deals. By consolidating systems and focusing on tools that integrate seamlessly, teams can improve reporting, boost productivity, and reduce operational costs. How to action sales insights into business processes to enable reactive to proactive strategies The RevOps Data Strategy According to BoostUp, one of the top challenges facing RevOps leaders in 2024 is process alignment and data quality, which underscores the importance of bringing various teams under one roof. Poor process alignment affects 23% of teams, while 21% struggle with data quality. For RevOps leaders like Jason Cahill, streamlining operations and improving data quality are top priorities. Jason believes that everything in RevOps starts with data, and that identifying and measuring the right metrics is key. He emphasizes that RevOps teams should measure what they value—rather than just valuing what you can measure. This principle is central to a successful RevOps function. By collecting, analyzing, and aligning the right data with business objectives, companies can make informed decisions and avoid distractions from their true focus—driving revenue. As Cahill puts it, “everything starts with data,” highlighting its role in validating decisions and maintaining alignment with the company's revenue goals. For example, tracking marketing qualified leads (MQLs) vs understanding how many opportunities are created from those leads can give you deeper insight into marketing effectiveness. Mapping those opportunities to their sources—marketing driven, sales driven or competitor influenced—can guide resource allocation and strategy. This data driven approach means decisions are based on actual performance and impact not assumptions or outdated metrics. Learn more about building resilient go-to-market plans helps organizations move towards a common revenue goal The Pillars of RevOps is People and Culture Jason lives by the saying, "Culture eats strategy for breakfast," and he’s right—no matter how solid your strategy is, a rigid or disengaged culture will sabotage it. For any revenue strategy to succeed, building an adaptive and collaborative culture is essential. Jason emphasizes that a learning culture, where teams like marketing, sales, and customer success understand their roles and work together, is the key to staying nimble in today’s fast-changing marketplace. “You can't be a one-trick pony because you don't know what's gonna happen tomorrow,” Jason says, “strategy is great until it changes, and then you gotta make a new strategy.” Jason emphasizes developing a culture of learning in an organization, “if you want innovation, you have to fuel innovation to grow in your organization.” This focus on culture aligns with industry trends. As seen in Gong’s "State of Revenue Leadership 2024" report, organizational alignment and trust in a single source of truth are critical for performance visibility and adapting strategies in real-time. One of the most engaging parts of our conversation was Jason’s view of himself as a “sales scientist,” driven by curiosity and a relentless focus on improvement. Whether dissecting a sales process or evaluating a tech tool, Jason always asks, “How can we make this better?” This hunger for innovation keeps him and his team ahead in the ever-evolving RevOps landscape. At the heart of Jason's message is the importance of people and culture. He stresses the need for a learning environment that fosters innovation, empathy, and continuous improvement, enabling organizations to pivot strategies while staying aligned to one ultimate goal: revenue growth. Tips for New RevOps Professionals For those new to RevOps Jason recommends getting into the data and talking to stakeholders across all departments to understand their roles and how they contribute to the revenue process. Cross functional awareness and the ability to communicate and empathize with different departments is key to aligning efforts and driving towards revenue as their common goal. Jason’s journey from a successful sales career to leading RevOps shows the importance of being open to learning, embracing change and continuously trying to understand and experiment what works. His approach of breaking down and improving processes through curiosity and data analysis is a valuable lesson for anyone looking to be great at RevOps. Key Takeaways for Aspiring RevOps Professionals Understand the Big Picture: Connect with different teams and understand how their roles impact the company’s revenue. Keep Revenue as Your North Star: Align every action and decision with your revenue goals to ensure success. Don’t Get Lost in Tech: Focus on tools and technologies that directly contribute to your revenue objectives. Stay Curious: Adopt the "sales scientist" mindset and constantly look for ways to improve and optimize processes. Communicate Effectively: Remember that words and storytelling are powerful tools in driving change and growth. Key Takeaways The most valuable takeaway from Jason’s insights is the importance of keeping revenue as the North Star. In a world filled with distractions—new tools, market shifts, or kneejerk projects—RevOps must remain focused on the ultimate goal: growing and retaining revenue. By anchoring decisions in data and aligning every department around this shared objective, businesses can weather market disruptions and emerge stronger. Here are the key takeaways from our conversation with Jason: Holistic Understanding of Business Functions: Jason emphasized the importance of understanding how every part of the business—sales, marketing, customer success—ties into the broader revenue strategy. RevOps professionals should invest time in learning how different departments contribute to and impact revenue generation. Cross-Functional Alignment: A recurring theme is the need for RevOps to break down silos across functions. By aligning efforts across sales, marketing, customer analytics, and other departments, RevOps can streamline processes and improve efficiency. Data as the Foundation for Decisions: Jason is a strong advocate for data-driven decision-making. He stresses that all RevOps efforts should begin with data, enabling teams to identify bottlenecks, measure what truly matters, and refine their strategies accordingly. From ‘Growth at All Costs’ to Profitable Growth: There has been a shift from focusing solely on new business and “growth at all costs” to prioritizing profitability and customer retention. RevOps plays a key role in ensuring companies grow sustainably by plugging revenue leaks and maximizing the lifetime value of existing customers. Collaboration and Learning Culture: Jason champions the idea of fostering a learning culture within organizations. He emphasizes empathy, cross-functional collaboration, and continuous learning to ensure that teams can adapt to changing strategies and market conditions. Tech Stack Simplification: When discussing the tech stack, Jason emphasizes simplicity. He uses the analogy of a toaster—tech should serve a purpose and simplify processes rather than complicate them. The focus should be on maximizing efficiency and results, not integrating unnecessary tools. Revenue as the North Star: Jason reiterates that everything in RevOps should be centered around one key objective: driving and protecting revenue. Whether it's selecting the right tools, aligning teams, or analyzing data, revenue should always remain the guiding principle. These takeaways reflect Jason’s philosophy on the optimal revenue operations framework, and how RevOps teams can maximize impact within organizations. As businesses head into 2024, the role of RevOps will only grow in importance. With a focus on efficient growth, data-driven decisions, and cross-functional alignment, RevOps has the potential to transform how companies manage their revenue streams. By embracing the lessons shared by industry leaders like Jason Cahill, organizations can build a future-proof RevOps strategy that thrives on collaboration, adaptability, and constant learning.