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ccount management is not a place where tired project managers and sales managers are sent to pasture. On the contrary, given stagnant revenue and a struggling localization value proposition, account management is far from a resting place — it’s a critical driver of business success. In a commercial landscape in which buyers face uncertainty about artificial intelligence (AI) investments and struggle to identify the right AI roadmap partner, the difference between intelligence and wisdom often lies in experience. This is where increased investment in strategic account management can step in.
The Key to Addressing Localization’s Uncertainty
Change is difficult, and, when coupled with the unknown, it’s even more so. That’s where we find ourselves — both as buyers and suppliers — when it comes to AI. The antidote is to step back, understand the trajectory, learn from the lessons, and act.
For many language service providers (LSPs), net new revenue is proving elusive. Front-end hunter sales teams struggle to sell either language services or language technology and are facing long sales cycles; more complex procurement processes; and multiple, new, customer-side stakeholder approvals due to AI.
As a result, chief executive officers (CEOs) are seeking to shore up weaknesses in the current business models. The obvious approach is to cut prices to remain competitive, but this further strains an already disillusioned supply chain of translators and language experts. Alternatively, mergers and acquisitions are becoming an increasingly popular strategy, based on the belief that strength in numbers can help companies withstand mounting market pressures. The hardest path, however, seems to be the most overlooked: true organic growth.
At the core of the organic growth challenge is the ability to articulate a value proposition purposefully and effectively. As localization CEOs — sometimes from outside the industry — come and go, a consistent and compelling narrative struggles to emerge. At this inflection point, account management stands out within commercial teams, as their value is built on experience; relationship-building; and, most critically in uncertain times, a reservoir of trust that underpins customer relationships.
The challenge, however, is not just that account management is often overlooked for investment, but that the function itself may need to evolve considerably. Account managers must find their own agency to truly fulfill the promise of their potential impact and help shape the industry’s future. Defining the boundaries of their role within a commercial framework is essential because if they had wanted to be front-end salespeople, they would have already made that choice.
Account management remains a key, albeit underutilized, competitive advantage but, ironically, is an afterthought in an industry that is all too frequently labeled as such as a whole.