Listen to Simpro CEO, Gary Specter, discuss all things Simpro and the future of the business.
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Hello and welcome to Trades Tools
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:and Talks, a podcast powered by Simpro.
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:Today we've got something special
to get your new year off to a great start.
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:A dynamic keynote by Gary Spector,
CEO of Simpro.
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:In his speech, Gary shares his vision
for the future of Simpro
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:and the trades industry.
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:Ready to dive in?
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:Let's take a listen.
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:Thank you.
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:Good morning.
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:I'm going to go
completely off the rails today.
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:I have this deck
that I'm supposed to go through
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:and I've decided I'm
not going to go through it
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:and I'll share some of the slides
and some of what I have to say.
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:I'll match and some of it probably won't,
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:but that's okay.
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:And the reason that I'm doing that
is, as Greg
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:said, this is our this is the third
Simprosium that I attended.
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:I wasn't able to go to the Auckland one
I was in, in London
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:visiting our Simpro team in London.
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:But I did go to the CAB last night.
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:We had our first customer
advisory board meeting last night.
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:In addition to all the Simprosium’s
that we've put on
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:and know, the interesting thing for me
this morning,
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:all the Simpro people got together
and we were talking this morning about,
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:you know, are we tired?
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:You know, we've been out here for a week
and a half.
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:We're doing these roadshows
and nobody's tired
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:and we're not tired because we're excited.
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:And we're excited because every time
we've come into a Simprosium
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:starts out a little slow
and people start listening to what we have
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:to say, the changes that we're making,
really getting a feeling
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:of what we believe is true,
which is for you to be successful
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:and Simpro To be successful,
we have to create a more vibrant community
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:as much as I want to stand up here
and say,
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:you know, here's all the wonderful things
that we're doing with Simpro,
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:and there's a lot we are
we're doing a lot.
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:Our focus really needs to be
about the ecosystem,
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:how we work with suppliers,
how we work with our partners,
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:how we work with all of you,
how we work with associations.
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:This is a community and one of the reasons
that I wanted to come here
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:was that as I started to learn about
the trade industries and I'm the first one
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:to admit I don't come from the trades,
I come from a retail background.
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:I built most of the largest e-commerce
sites on the planet.
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:I probably had a hand in building
and there were a lot of similarities
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:between what we did there
and what we're doing here.
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:A lot of owner operators
that own their own businesses
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:and they vote with their own paychecks.
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:It's not like I'm selling to a Wal-Mart
or a Target
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:or an IBM or an HP, where people vote
with other people's money.
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:And I like these types of businesses.
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:I like being part of an ecosystem
or a community
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:where we invest in each other.
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:And for me, going forward,
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:I want to make sure that that's
what we're doing, that we're providing
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:value for the investments
that you're making in us.
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:But it can't be us alone.
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:It has to be this ecosystem,
because that's what this is.
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:I mean, a lot of you that are here today
probably know each other,
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:belong to the same associations,
share information,
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:probably not customer lists,
but a lot of other details
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:and Simpro needs to be leading the charge.
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:We need to be helping drive that
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:that community, that collaboration.
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:I'm a big believer that a high tide
raises all boats
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:and we need to be helping each other in
driving that so that we're all successful.
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:And this is a really great industry.
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:It's a very cool industry.
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:You have people that are of all ages
that want to get engaged,
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:involved in the industry,
and your opportunities are limitless,
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:whether you start
as an apprentice electrician
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:and you move to be an electrician,
then you get,
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:you know, you decide
that you want to start your own business.
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:Sky's the limit
to what you want to do as an individual,
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:and there's no barrier to entry here.
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:It really just comes down
to how hard you want to work.
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:How well can you network
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:so I think it's an incredible opportunity.
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:I couldn't be more excited to be here.
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:And the more time I spend with all of you,
the more excited
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:I get about what
I think the possibilities are.
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:So I couldn't be more thrilled to be here.
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:I'll share
a story about how Simprosium came to be,
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:and I know Simpro did roadshows
before we did a lot of them
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:and but my second week here
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:I was in a van
and I was with our new CMO, who was
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:I was lucky enough that she followed me
here from our previous company
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:and she's someone that I had worked with
it, I think two or three other companies.
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:So I've known her for quite a while
and we were talking to our head of h.r.
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:And our head of customer success,
and i asked about these roadshows.
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:I said, well,
what goes on with the roadshows?
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:Everyone says, well, we do a road map
and we let people know what we're doing.
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:And i said, well,
we're not going to do that Simprosium.
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:And they kind of looked at me,
What are we going to do?
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:And I said, Well, go send out
a SurveyMonkey to all of our customers
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:and let's go see what
they want us to talk about.
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:And if we're going to go spend
five or 6 hours with some of our customers
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:in Australia and in New Zealand,
it should be about them.
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:What do they want to know?
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:Do they want to hear about the roadmap?
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:If they do, let's talk about the roadmap.
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:Do they want to hear customer stories or
do they want to hear from other customers?
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:If they do, let's run customer panels.
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:So all of the content that you're seeing
today is a direct result
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:of what you told us
you wanted about today to be.
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:So that's what we're going to do.
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:And going forward,
that's sort of the mantra here at Simpro.
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:I need all of you, the
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:community, to drive where we go.
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:I think we've, you know, Simpro’s
not perfect.
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:I think we probably have done some things
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:not super
well over the last couple of years.
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:That's probably why I'm here as a new CEO.
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:I've been here for six months.
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:I suspect that somebody thought
maybe things should be done
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:a little differently. So here you go.
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:And I think that
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:we have an opportunity to get it right.
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:But for me to get it right
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:and for Simpro to get it right,
I need to hear from all of you.
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:And you're going to find that our culture
is going to become very, very open.
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:I know sometimes it's been tough to get
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:a hold of people that will come to an end
and it is coming to an end.
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:I think we've already started
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:to make a difference in our ability
to respond and communicate to people,
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:but that is probably at the front and
foremost of everything that I want to do.
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:We will be customer
focused and customer driven,
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:and if we're not,
I'd love to hear about it.
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:And I'm going to give all of you
my email address at the end of this thing,
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:and I encourage you to reach out
if there are sparks of innovation
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:or things that you think that we should be
doing so that we can better support you.
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:I'm all ears.
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:That's just how I
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:operate and it's how the leadership team
that I brought in operates.
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:And it's now how Simpro will operate
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:and I think most of the people
that have been here for years
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:are embracing and are happy
to get reengaged with all of you
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:just to see how much potential
we have together
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:before
we really get into our presentation.
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:I do want to thank our sponsors.
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:So we've got a row of sponsors
in the back.
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:I hope next year
that there's a lot more of them.
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:Again, I'm a big builder or a big
believer in building up community,
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:so I want to thank our sponsors
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:for being here and
and really being at the shows with us.
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:They've been to all of them
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:and I'm hopeful that next year
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:we'll just continue to grow this thing
and make it bigger and bigger.
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:So a lot of people
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:are sitting back in there saying,
okay, got a new CEO comes from the US.
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:What does that mean?
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:And what I can tell you is it means that
you have a CEO that lives in the US.
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:That's it. I've been out to Australia.
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:This is probably, I think my second
or third time since I started in the role.
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:This is such a vibrant community
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:and I've been to our teams in EMEA
I've been with the teams in the US
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:and I can promise you
that the trades industry in APAC
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:is very, very different than EMEA
and the US.
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:And part of the reason
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:that it's different is it's,
it's embedded into the culture here.
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:It's a part of all of Australia,
New Zealand, it's a big deal.
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:And while it is a big deal in EMEA
and starting to become
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:a bigger deal in the US,
it is a much bigger deal here
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:and I recognize that
and I've never had plans to.
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:I get asked all the time, Well,
are you going to have
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:are you guys going to move to the US?
What's going to happen?
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:Nothing.
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:This is the epicenter of the trades
industries is it's APAC.
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:So not only are we going to remain in
APAC, we're going to double down in APAC.
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:There's so much more to be done
in Australia and in New Zealand.
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:And we've just started.
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:I know that we've been here for about
20 years, but there's so much more to do.
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:There's so much innovation
coming in with technology
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:that can impact the trades industries
and we need to be bringing that in
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:and it'll
resonate and we'll do these things in
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:in the UK and in EMEA
and we'll do these things in the US.
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:But it's going to start here.
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:The epicenter of Simpro
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:has always been Australia and it's
going to continue to be Australia.
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:So for those of you that are going,
my God,
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:all these people being hired in the US,
we're all coming here, we're not moving,
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:but we are going to be here,
we will be present here.
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:And it's one of the conditions.
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:When I started hiring people,
I wanted to pick the right people.
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:I didn't care where they lived.
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:The right people will get on a plane
and go be with our customers
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:and learn from our customers.
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:And our customers are global,
but a lot of our innovation
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:and our ideas are going to come from here
and we need to double down on
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:what we do here
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:today.
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:We have over 8500 businesses,
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:you know, a million jobs created monthly.
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:It's a big deal like this impacts
people's lives.
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:And I think, you know,
it was really important for me
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:that the people at Simpro,
our team understands
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:the impact
and the gravity of our situation.
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:People depend on us.
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:They run their businesses on us.
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:We're at the center
of what some businesses do.
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:I've seen slides now and other customers
have shared with me and said,
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:Hey, here's all the systems we use.
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:Simpro sits right in the middle.
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:And if, if,
if the people at Simpro haven't realized
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:just how important we are
and why we need to be so collaborative
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:and why we need to be innovative and why
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:we need to listen to all of you,
they're starting to feel it now.
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:We matter,
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:but we matter as part of an ecosystem
and a community, not just us.
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:But we really need it to be about you,
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:our customers, not us as a company.
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:And I'm thrilled.
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:You know,
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:I've talked to a bunch of customers
who've said, We need you to be successful.
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:Well, it's right back at you.
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:I need all of you to be successful.
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:If I can help with that, that's awesome.
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:That's what I feel good about.
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:And of course, as a CEO, I run a business.
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:I'm responsible for running a business
and I have a number,
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:but the number will take care of itself.
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:And I have a PE firm
that asks me every day, Where are you?
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:What is your growth,
what numbers are you delivering?
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:And as long as we take
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:care of our customers
and we go on this journey together,
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:whatever targets
we set, we'll get to, right?
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:But they don't have to sit
and think about the business.
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:I need to sit and think about how we help
all of you, how we support you.
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:The business will take care of itself.
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:And if we can lead the charge
in building this ecosystem,
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:the results that we want, they'll come.
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:I'm not too worried about that.
They'll come.
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:But our primary objective
has to be making sure that each
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:and all of you are successful.
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:What super
interesting about the trade industry
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:right now is they're getting more complex
and they're getting more complex
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:because your customers
are demanding more from you.
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:If you're doing
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:a job, they want to know where you are
in the job.
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:They want to know is is the budget right?
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:Is there a cost overrun?
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:Are we going to hit the dates
that you've set?
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:They want bilateral communication
from you.
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:When are you going to be at the site?
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:Should we expect you?
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:Do you have everything you need?
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:You know,
your customers are getting really
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:I don't want to say more needy,
but they are.
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:And the reason that they're getting more
needy is because technology
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:globally and everything
they do has set that expectation.
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:Like if you order something
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:and you want to have it
delivered to your house,
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:you generally get an email saying,
Hey, your order shipped,
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:hey, your orders on the way, hey,
your order sitting at your front door.
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:Sometimes I get a picture from FedEx
saying Your order sitting right here.
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:That's the expectation.
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:Your customers
now have the same expectation of you
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:and you should have
the same expectation of us.
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:Your business is going to get more complex
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:and we need to do more to help you
with that complexity.
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:So when I'm thinking about how
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:we help you, I'm
not thinking about just the platform.
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:To me, the platform is table stakes.
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:We have to provide a platform
that allows you to run their business,
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:your businesses.
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:But we also have to help you figure out
how to do invoicing, billing payments.
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:How do you connect with your suppliers
in a more direct way?
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:How do we help you find resources?
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:If you're running an HVAC company
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:and you need more, more techs,
how do you go find them?
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:If you need insurance,
where do you get insurance?
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:If you need capital,
where do you get capital?
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:I'm thinking about Simpro
in a much broader way
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:than anyone at Simpro
thought about it before,
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:and probably a little bit different than
how our competitors are thinking about it.
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:But that's because of the world
that I come
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:from, is a very connected world
that was very complex.
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:Retail.
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:Retail isn't much different than here.
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:You work with an end customer
who's made an order.
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:You work with an end customer
that has an order.
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:It's just a service.
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:But all of this technology
that enables or creates
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:simplicity out of all this complexity,
it exists today.
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:We just haven't
brought it into this industry.
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:And so I think this industry
is really ripe for a transformation.
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:Some people like the word use,
the word disruption
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:and the beauty of of the trades
industry is
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:you can't disrupt a lot of things.
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:I don't think that AI is going to come
fix your air conditioner any time soon.
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:It's still going to need people
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:that want to use their hands
and have to use their hands.
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:But things like AI and machine learning
could be used to make that better.
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:To augment what they do, they can respond
faster, they can find material quicker.
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:All of those things.
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:And as
the platform that you run your business
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:on, it's it's really our obligation
to figure out how to bring that technology
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:in and innovate
so that you can run your businesses
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:faster and more efficiently
and more effectively,
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:more profitability,
more customers, more growth.
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:And that has to be
our focus is is to enable that for you.
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:Some of the changes that we're making,
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:you've already seen
and hopefully you've felt.
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:So I know that when I first got here,
I spent the first probably three
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:or four months taking a lot of email
because the systems were going down.
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:They weren't very stable.
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:And I was told, Hey, you know,
we want to move to AWS.
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:Great. When are we going to do that? Well,
it's going to take us nine months.
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:I'm like,
No, we're going to do it in four.
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:And so in July, very quickly,
we moved to AWS.
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:And I'm thrilled to say that since July,
I think our uptime has been 99.999%.
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:And I think that is when
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:Simpro, the company, started to realize
that I don't have a whole lot of patience
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:and that we're going to move very,
very fast.
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:We're not going to do things
in eight months and nine months.
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:We're going to do things
in two months or three months,
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:not at the expense of quality.
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:We're going to do good work.
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:We're going to do the right things,
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:but we're really going to focus
on the three
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:or four things that matter and we're
going to bang them out and get them done.
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:I understand right now
that customer support is an issue
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:a lot of people have called in to support
and they don't hear from anybody
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:or the right person
doesn't get on the phone
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:and we're not connecting the dots
in the right way.
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:And when I got here, for example,
there were 12 open head count for support.
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:And I'm like, why aren't we?
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:Why are there 12 open headcount
for support?
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:And people couldn't tell me why.
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:I'm like, This is dumb.
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:So I hired a new head of support
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:and within three months
we hired 12 people for support.
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:Now it's going to take them a little while
to ramp up.
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:Simpro’s Not the easiest in the world.
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:It's not complex, it's just comprehensive.
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:It's a lot to learn.
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:And so we've got to take some time
to train these people.
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:But I already see our time
in which we're getting back to people.
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:It's coming down
and it'll continue to come down.
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:We have
this customer success organization.
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:It's a big organization.
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:There's a lot of people,
but I don't believe that it was formatted
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:correctly to support all of you
and the customer base that we have.
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:So we're going to make big changes there.
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:I brought in a Chief revenue officer,
who started about four weeks ago.
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:She's been with me
at four different companies.
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:We've been together for ten years.
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:That sounds really weird, but it's true.
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:And the reason that we work really
well together is because we both share
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:a common belief, which is the customer
comes first and we rebuilt
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:the entire customer success motion
and teams at Magento and at Adobe.
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:And I think if we can build
a customer success team
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:for a $20 billion company,
we can figure out how to do it for Simpro.
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:And so I brought her here
to help me do that.
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:So we are now dismantling
the entire customer journey,
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:how we interact with all of you.
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:What are the touch points
in which we have with all of you?
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:And then we're going to figure out
how to align around that
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:so that, you know,
no matter where you are in your journey,
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:whether it's day one is tomorrow
or you've been here six weeks
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:or you been here,
who is the longest 16 years,
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:Right.
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:I want to make sure that you're supported
in the best way for you
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:because you need more support than he does
or a different type of support.
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:And we need to adapt to that.
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:So over the next couple of months,
you will see our customer
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:success teams realign around you.
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:Our customer base,
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:communication and engagement.
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:We're here
and I've sent out a couple emails
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:to the entire customer base
since I've been here.
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:My commitment to you is one a quarter.
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:If you've spoken to people that have been
to any of the other Simprosiums
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:or you haven't gotten the message
here, I'm incredibly transparent and
375
:there is nothing I won't share with you
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:unless our owners come back to me
and say, Please don't share this.
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:And that's pretty rare.
It might be financial.
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:Who knows everything else.
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:We're an open book,
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:and the people that I've brought in
to help me lead this company
381
:and the people that are still
at this company and have stayed here,
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:they're here
because they believe the same thing.
383
:We should operate with candor,
with transparency,
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:and we should lead with our ears.
385
:We need to listen to you in order
to understand where we're going to go.
386
:But we also need to be really transparent
about what we're doing.
387
:And my hope is that if we're not doing
the right things, you raise your hand.
388
:Go, wait a minute, Could
you think about it a little differently?
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:And we're going to be open
and receptive to that.
390
:I talked early about this
renewed focus on community
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:customers, partners, associations.
392
:Simpro is bigger than Simpro,
and if it's not, it should be.
393
:We should be leading the charge
in bringing all of these things together
394
:so that we can make you more successful
because us alone can't do it.
395
:There's all these
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:other components of your business,
but we should be collaborating and talking
397
:with the other components of your business
to make sure that you're successful
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:because if you're successful,
everyone else is too.
399
:That's the beauty of it.
400
:We pull each other along,
but we have to start creating that.
401
:Those tendencies between each
of these pieces of your business.
402
:And my hope is that
Simpro will be the heart and soul of that
403
:and will drive
that communication in that collaboration
404
:and then finally, of course,
405
:there is a technology roadmap
and we want to share what that is.
406
:And the reason that we want to share
it isn't so much that we can say,
407
:Hey, let's pound our chests
and show you what
408
:we're doing it so that you can say to us,
Yeah, those are the right things.
409
:Or, Wait, wait a minute,
maybe we don't need that.
410
:These other things should be prioritized.
411
:And so when I think about us
sharing the roadmap
412
:and talking about the features
and the functions that are coming,
413
:I don't think about it
in the way that most people do.
414
:It's not, Hey, here's what we're doing.
415
:It's more of a question, Hey, here's
what we're doing.
416
:Is this right?
417
:And then we want your guidance on whether
we're moving in the right direction
418
:or not.
419
:That communication has to be,
you know, bilateral has to go both ways.
420
:We share. You share.
421
:So my ask of you is
is definitely share with us.
422
:And we're going to be sharing that
with our ecosystem
423
:because I want the ecosystem
to come along with us.
424
:We have a lot of partners in the back.
425
:We have a lot of partners
that do implementation work
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:and they do services work.
427
:They're not my enemy, they're my friend.
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:They need to know what's in the roadmap.
429
:They need to know what's coming.
430
:They need to be as knowledgeable
about Simpro as we are.
431
:And that
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:is a different strategy
than Simpro's had in the past.
433
:We need to be both experts
and trainers and educators and
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:we need to bring everybody along with us
because we all have the same common goal.
435
:And if we don't, we should, which is
how do we make our customers
436
:successful?
437
:You're in your voice matters,
438
:your feedback,
your aspirations, what you want to do.
439
:We want to hear from you.
440
:I want to hear from you.
441
:You're all get surveyed
after a simple Rosie.
442
:You'll get a survey in your emails
and I hope you answer them
443
:and say, Hey, next year,
what if we what if we saw this?
444
:Or could you provide this or do this?
445
:You get to drive where we go,
446
:you get to drive where we focus.
447
:Take advantage of that.
448
:We're your partner.
449
:We want to make you better
and we're listening.
450
:We want to know from
451
:you specifically what it is
that you would like to see from us.
452
:That's my email address.
453
:Feel free to drop a note again
if you've got
454
:anything that's innovative.
455
:Any opportunities for us to get better?
456
:Anything that you think we could do that
we're doing?
457
:I'd love to hear what we're doing.
458
:Well, in addition to where
we have opportunities to get better.
459
:But I'm open to it.
460
:I've respond to every email
I've ever gotten in my entire life.
461
:I don't think I've ever ignored
462
:anybody in any of the companies
that I've worked for or with.
463
:And I'm a big believer
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:in being open and transparent
and just willing to talk to people.
465
:That's how you get better.
466
:I don't believe that
my role is any more important
467
:or any less important than anyone else
that's in process.
468
:It's not the way that I think
and it's not the way that I operate.
469
:I'm cognizant of
470
:the fact that tomorrow
probably can't be successful
471
:unless the vision and the strategy
that I set works.
472
:But the vision and the strategy that I set
comes from everyone in this room.
473
:It's not mine. Sure.
474
:And I have to do things
475
:in my role in order for everyone
at scenario to be successful.
476
:And I need everyone at semi-pro
to focus on what they're responsible for.
477
:I can't be successful, so I'm no
important, no more important than anybody
478
:else.
479
:I just have a different title
and a different role.
480
:But we all have the same purpose,
which is to make all of you successful.
481
:That's my email address.
482
:If you want to communicate,
483
:please, I'd appreciate it
hearing anything that you have to say.
484
:I hope that today's a good day
and that you learn
485
:and that you get to meet other people
and you get to collaborate and talk.
486
:I'm excited for the day.
487
:I'm thrilled for the day to get started.
488
:I appreciate all of you being here
and giving us your time
489
:because I know
you all stepped away from your jobs.
490
:And that's hard to do in the industry
491
:that we're in,
but it's very much appreciated.
492
:And I know today will be worth it for you.
493
:But if it's not,
let me know what else we can do
494
:so that the next time around
we get it right.
495
:So thank you.
496
:Thanks for giving me some time.
497
:Thanks for listening to this episode
of Trades Tools and Talks.
498
:For Simpro, I'm Bill.
499
:We're looking forward
to making:
500
:Now let's get to work.