CASE STUDY | BIOVENTUS
From field sales portal to customer-facing web channel
Learn how Bioventus launched a Corevist Field Sales Portal, expanded to B2B eCommerce, and grew total digital revenue 70.3%.
CASE STUDY | BIOVENTUS
From field sales portal to customer-facing web channel
Learn how Bioventus launched a Corevist Field Sales Portal, expanded to B2B eCommerce, and grew total digital revenue 70.3%.
Results powered by Corevist Commerce:
+82.6%
Digital revenue/mo. from Sales
+32.2%
Digital revenue/mo. from customers
+69.5%
Average order value among customers
- Industry: Medical equipment & supplies
- Annual revenue: $340M (publicly stated)
- Employees: 700+
WANTED: One commerce platform for sales reps AND customers
Bioventus is a leading manufacturer of cost-effective orthobiologic solutions for bone healing, bone graft and osteoarthritis that are backed by clinical data.
The company launched in 2012 to great success. In 2016, with a growing market footprint, Bioventus needed to establish a single platform for digital interaction with doctors (Bioventus’ primary customers) and sales reps.
Solution implemented:
Stage 1 – Corevist Field Sales
- On-behalf-of order placement for every account assigned to the rep, on any device
- All relevant SAP business rules & personalization enforced for the selected customer account
- Full order tracking & history for each assigned customer account
- Real-time credit status for each assigned customer account
Stage 2 & 3 – Corevist Commerce
- Amazon-style browsing for customers with rich content, intelligent search, & more
- All relevant SAP business rules & personalization enforced in eCommerce
- Full order tracking & history from all ordering channels
- Self-service invoice payment & account management
Working within existing constraints
Bioventus had 2 constraints on the web channel project:
1. IT couldn’t take on any new work
Brian Poole, Senior Director, IT Enterprise Architecture and Engineering, put it this way:
“We looked at building our own internal application… [but] it didn’t make sense to build our own solution. We run lean, and we didn’t want to jump in and become a dev shop.”
2. Solution couldn’t be CRM-based
“We already had our CRM up and going,” said Brian Poole. “[For the web channel,] we wanted to start with something for our sales force and introduce it for our customers… but we knew that if we started with our CRM, we would end up with customers on one platform and sales reps on another one. We weren’t going to extend access to our CRM to our customers. We didn’t want to do that.”
Our client’s requirements:
- Flexible commerce platform built for Sales and customers
- SAP ERP integration included to minimize IT workload
- Intuitive, Amazon-style user experience
- Complex pricing rules honored from SAP by customer account
- Easy, intuitive mobile experience
- Seamless roadmap from Field Sales to full B2B eCommerce
Bioventus evaluated several options, including SAP Commerce Cloud (called hybris at the time). While Commerce Cloud is a great fit for enterprise-class B2C eCommerce, it didn’t align entirely with Bioventus’ needs. Brian Poole put it this way:
“We looked at SAP hybris… but it was just too big. Plus it wasn’t integrated to SAP out of the box. We would have to build all the integration points to SAP.”
—Brian Poole, Bioventus
Corevist Features Essential to Bioventus:
- Flexible, scalable B2B commerce platform, built for Sales and customers
- All relevant SAP business rules enforced by account (including complex pricing)
- Seamless UX on mobile, tablet, and desktop
- Hands-free SAP integration = no new work for IT
- Role-based permissions to differentiate internal vs. external users
- Upload Cart & Saved Cart functionality included
SAP-integrated commerce built for today’s manufacturers
The templatized nature of the Corevist application and SAP integration would allow Bioventus to stand up separate storefronts for sales reps and customers without reinventing the wheel.
Not only that, but Corevist’s built-in, configurable SAP integration was an ideal fit to cover Bioventus’ business needs across the entire project.
Stage 1: Sales Portal rollout
Corevist’s Agile rollout methodology:
- Oriented around the voice of your real users
- Iterative approach prioritizes critical functionality for go-live
- Gains essential early buy-in from your internal stakeholders
Across a series of focus groups, we asked Bioventus’ sales reps a provocative question: “Why can’t we put this software into production today?” This question helps us uncover the things your users actually want in a web channel solution. It’s how we ensure that Corevist delivers the things your users need, no bloat included.
Our user-driven methodology allowed the project to move fast. Within months, Brian Poole explained, “We had our reps processing real orders in our live production system through Corevist. With that, we got their feedback and started an Agile methodology of adding functionality and additional fields to the application.”
Stage 2: Corevist Commerce rollout
Net new value added to web channel:
- New customer-facing storefront tailored to doctors’ needs
- Browsing & buying capabilities for doctors
- Full order tracking/history & invoice history visibility
With Stage 1 complete, it was time to extend Corevist Commerce access to customers—i.e. the doctors who purchase Bioventus’ Active Healing Technologies on behalf of their patients. Stage 2 would follow the same Agile rollout methodology as Stage 1—the same methodology we use in all client rollouts.
In Stage 2, Bioventus began rolling out the customer-facing storefront, using the same SAP-integrated architecture as the Corevist Field Sales portal. Doctors received all the browse & buy functionality which was available to sales reps. In Stage 3, they would receive the ability to pay down invoices online.
Stage 3: E-payments for doctors
Net new value added to web channel:
- Self-service invoice selection and payment
- Bioventus’ preferred electronic payment methods accepted
- Instant transaction posting to SAP
Enabling doctors to pay online and manage their accounts through Corevist Commerce
With Stage 2 complete, Bioventus began the final phase in the project. They gave doctors access to Corevist Bill Pay, the web A/R solution that’s available on its own, or as part of Corevist Commerce. The Bill Pay portion of Corevist empowers customers to make self-service invoice payments through your preferred payment methods, such as credit cards, ACH transfer, eCheck, invoice, PayPal, and more.
With Stage 3 complete, Bioventus has empowered doctors to manage the entire ordering cycle within Corevist Commerce. “In addition to placing orders on the system, customers can now pay down invoices online within Corevist Commerce,” said Brian Poole.
RESULTS:
+82.6%
Digital revenue/mo. from Sales
+32.2%
Digital revenue/mo. from customers
+69.5%
Average order value among customers
Solution implemented:
Field Sales + Corevist Commerce
Both sales reps and doctors get:
- Amazon-style browsing with rich content, intelligent search, mobile readiness, & more
- All relevant SAP business rules & personalization enforced in eCommerce
- Full order tracking & history from all ordering channels
- Self-service invoice payment & account management
Bioventus: An Agile path to digital dominance
Here at Corevist, we find that sales reps aren’t always the fastest to adopt eCommerce. They may not see the value in self-service technologies, and they may even feel threatened if it isn’t clear what role they’ll play in the new customer ordering process.
As the numbers show, Bioventus has overcome any inertia. Their sales staff is well-equipped to handle the challenges of a post-COVID economy.
The solution is a great success with doctors as well. Digital revenue from customer self-service is rising, and average order value is trending up as well. Among both doctors and sales reps, total digital revenue has grown 70.3% (first full month compared to last full month).