Why Enterprises Must Modernize Their Revenue Technology Stack Now

Rohit Shrivastava News

Why Enterprises Must Modernize Their Revenue Technology Stack Now
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Rohit Shrivastava is EVP and Chief Product Officer at Clari, responsible for the company's product strategy and roadmap. Read Rohit Shrivastava's full executive profile here.

Sales is the most complicated—and mission-critical—business process. After all, what’s more important to a company’s long-term success than predictable, sustainable revenue growth?

So, what exactly has changed? And why should CIOs elevate revtech modernization to the status of a top priority? Yet the fragmented and outdated revenue technologies that too many companies rely on—mainly in the form of spreadsheets, CRM and BI tools—are woefully inadequate for the job. It’s also clear that companies need to take a systematic, platform-approach to the revenue process. One-off, disconnected tools that support salespeople for this task, revops for that task and post-sales for yet another task won’t cut it in this new world.

Typically, the consumption workloads and usage data are stored in data warehouses like Snowflake and Databricks. A modern revtech stack needs to bring all of these signals together in one dedicated revenue data platform for enrichment, analysis and optimization for every revenue workflow. As new use cases arrive in the future, the data platform can quickly add new configurations and provide the flexibility that CIO and revenue leaders need to support new business models.

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