Transforming Sales with Salesforce Solution for LG Electronics

Under Redtag's guidance, LG Electronics has successfully unified its varied Salesforce systems. Now the manufacturing giant is using AI to enhance pricing strategies and personalize services, making sure customers always feel valued and understood.

About:
LG Electronics Inc. is a well-known South Korean multinational appliance and consumer electronics corporation, headquartered in Seoul. With over 83,000 employees across 128 operations worldwide, LG Electronics is a key player in the global market, particularly recognized as the second-largest television manufacturer globally. However, multiple business units within LG Electronics had independently launched and used separate Salesforce environments. This lack of centralized ERP integrations and reporting approaches led to inefficiencies, especially in an era where AI utilization and personalization are critical for business success. The challenge was to provide a unified and personalized service experience.
CLOUDS & TECHNOLOGIES:
Salesforce Sales Cloud
Salesforce Experience Cloud
Salesforce CPQ
Custom Integrations
The challenges

Breaking Down LG's Salesforce Barriers

At LG Electronics US, merging multiple Salesforce platforms across varied business units presented a complex puzzle. Such fragmentation resulted in inconsistent pricing, lack of centralized reporting, and inefficiencies that hampered personalized service delivery. The disparate systems made it difficult to offer seamless, personalized pricing and consistent user experiences. Each business unit had unique requirements, making a one-size-fits-all solution impractical.

Additionally, there was no single source of truth for product and service information, leading to discrepancies and confusion. The need for a cohesive integration with global LGE systems was pressing, as was the requirement to enhance the user and partner experience using advanced CPQ technologies. The challenge was clear: consolidate, integrate, and elevate the sales processes to meet modern demands while preserving the unique needs of each business unit.

The solution

Core Technologies Powering LG's Salesforce Enhancement

To address these challenges, Redtag’s team provided LG Electronics with a highly customized CPQ (Configure, Price, Quote) solution, ensuring that all existing business processes remained intact while meeting the individual requirements of each business unit. Our approach was centered around the corporate decision-making process, enabling every stakeholder to contribute effectively.

We implemented a sophisticated pricing model, facilitating comprehensive partnerships and collaboration. This model became the bedrock of effective cooperation within the organization. Additionally, we delivered a customizable quote and supporting documentation generation process, representing products and services in a multipage exclusive booklet format, which became the pinnacle of personalization.

The project was executed within a stringent timeline of four months, followed by three months of hypercare support. The effort required approximately 3,000 development and implementation hours. Our team collaborated closely with US-based product owners and Korea-based LG Electronics HQ developers. To ensure a smooth delivery process, we introduced development best practices and conducted 2-week SCRUM sprints.

The RESULT

Major Wins in LG’s Salesforce Story

The implementation of a single Salesforce environment transformed LG Electronics' sales operations. Multiple separate salesforce environments were replaced with a unified system, featuring brand-new personalized approaches and seamless integration into the global LG Electronics systems. This ensured the best possible price quotation, leading to more deals won and an overall higher marginal contribution.

Key achievements:

  • Unified environment - Replacement of multiple separate environments with a single, cohesive system.
  • Personalized approaches - Implementation of brand-new personalized strategies for customer interactions.
  • Seamless integration - Integration of the new system seamlessly into existing global LG Electronics systems.
  • Improved pricing quotation - Enablement of the best possible price quotations, increasing the win rate for deals.
  • Enhanced marginal contribution - Boosting higher overall marginal contribution through streamlined operations.

By leveraging Sales Cloud, Experience Cloud, Revenue Cloud (CPQ), and custom integrations, LG Electronics has successfully overcome the complexities of modern sales operations, achieving a new level of efficiency and personalization. Overall, the success of this project shows the potential of tailored AI-driven solutions in transforming enterprise sales processes.

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Contact with our Salesforce consultant, Maria Soviak, for consultation.
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