LexisNexis Makes the Buying Experience their Differentiator

The Challenge

LexisNexis Risk Solutions provides customers with innovative technologies, information-based analytics, decision-making tools, and data management services that help them solve problems, make better decisions, stay compliant, reduce risk, and improve operations.

In working to stay ahead of the market in a rapidly changing world and deliver even more value to their customers, the Data Services division within LexisNexis Risk Solutions recognized that they needed to help their sales team continue to enhance the nature of their customer conversations. Their goal was to elevate the buying and relationship experience with the markets they serve and help their sales teams advise and guide customers through their competitive and challenging markets, thereby understanding the value they provide.

To achieve this, the Leadership team set out to adopt a value-based sales mindset and establish a consistent sales approach across the sales organization, creating greater career opportunities for the team. They needed to forge deeper, more strategic relationships with their customers that moved well beyond transactions and allowed their customers to see how data could drive their competitive advantage and business decision-making.

The Solution

LexisNexis Risk Solutions partnered with Richardson to create a high-performance, value-based sales approach aligned with the buyer journey. Recognizing that the customer experience is their key differentiator, they created the 3C Selling and 3C Coaching Academy. This program, built on Richardson’s Sprint Selling and Sprint Coaching methods, was customized to fit the LexisNexis Risk Solutions brand. The three C’s—Confidence, Curiosity, and Courage—are central to the 3C Academy. Confidence involves understanding their strengths, Curiosity revolves around asking deeper, more insightful questions to uncover value, and Courage entails embracing new approaches to change behavior, where it matters most – in front of the customer.

The new 3C Academy fostered a significant mindset shift within the organization, demonstrating to sellers and managers that this change is not temporary but a fundamental transformation. To garner leadership support, sales leaders were the first to attend the Academy. This approach allowed them to gather feedback and make necessary adjustments before rolling it out to the broader teams.

They collaborated with our Richardson team to establish a unified framework for identifying, advancing, and closing sales opportunities. The organization adopted new tools, processes, and leadership practices to support behavior change and drive success. LexisNexis Risk Solutions can now correlate the skills learned with business performance by leveraging sales analytics and enablement technology. By analyzing specific phrases or behaviors used by sellers, they can link these actions to selling outcomes and identify best practices and where further support is needed. Implementing Sprint Selling, Sprint Coaching, and additional workflow tools allowed them to effectively train and support over 500 managers, coaches, and sales reps, resulting in a 10-15% increase in win rates.

Watch the video below to find out how Rob Arnold, Head of Sales Performance at LexisNexis Risk Solutions describes working with the Richardson team.

For even more insight into Richardson's partnership with LexisNexis click on the links below to listen to our podcast episode where host Andrea Grodnitzky interviews Rob Arnold, Director of Sales Performance for Data Services at LexisNexis Risk Solutions. In this conversation, you’ll learn how LexisNexis is navigating today’s challenging and competitive market.

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