Accountancy marketing case study – How KPMG influenced £35 million in new business by blending digital and offline media

Posted on: March 5, 2020
Accountancy marketing case study - How KPMG influenced £35 million in new business by blending digital and offline media

This blog summarises information published when KPMG won a B2B marketing award for the “Changing futures” best multichannel campaign in 2018  and a talk provided by Daniel Sullivan of KPMG at the September 2019 Professional Marketing Forum Annual Conference. This accountancy marketing case study – How KPMG influenced £35 million in new business – is used in various strategy, marketing planning, thought leadership and campaign planning workshops for professional service firms.

Overview

KPMG remodelled its proposition on digital transformation following a programme of research into the needs and expectations of decision-makers for whom it is a priority. That audience included IT decision-makers, but the campaign was also extended to reach other business leaders, including those working in marketing, HR, operations and finance.

Using multiple channels maximised the chances of the audience seeing and engaging with the key messages. Digital media allowed KPMG to pinpoint specific targets and then glean valuable insight into their preferences and priorities. Meanwhile, offline channels, from Financial Times cover takeovers to taxis, amplified the campaign and enhanced its impact and credibility.

The campaign developed by twogether smashed every target set, generating £35 million – more than 10 times the revenue target of £3.2 million – and contributed to a 70% year-on-year revenue uplift for the proposition. It also moved KPMG from fourth place to first for brand awareness in the consulting market for 2017.

About KPMG

KPMG is one of the ‘Big Four’ accountancy/consultancy firms. It operates as a global network of independent member firms offering audit, tax and advisory services in 154 countries and territories. Clients include corporations, governments, public sector agencies and not-for-profit organisations.

The firm is recognised by analysts such as Forrester, HFS and IDC for the strength of its digital proposition, but a global brand tracking study showed that it ranked below average for technology and digital transformation among the other ‘Big Four’ competitors: EY, Deloitte and PwC.

This campaign was conceived to correct that misconception and establish sustainable momentum for KPMG as a firm that is anticipating the future benefits of technology.

Strategy

The business context included changing strategy, propositions, client needs and competitors and the need to get the partners excited with a big idea. Daniel demonstrated the application of a strong marketing framework with a SWOT analysis and a campaign strategy that included a proposition demonstrating business outcomes, integration with sector campaigns, advertising to drive market impact, leveraging existing thought leadership, role specific messages and a long term commitment to the brand.

KPMG research revealed integrated offerings are important in technology advisory services. In response, KPMG brought its digital offerings in cloud, data and analytics, and artificial intelligence (AI) together for the first time as a single proposition.

The new positioning enabled the firm to move away from its focus on individual technology offerings, demonstrating that it could draw on an integrated range of digital solutions.

A multichannel campaign was felt to be the most effective way to reach a saturated market. Personalisation and geotargeting were used for the digital elements, with guerrilla targeting for the offline media. This combined approach enabled KPMG to pinpoint individual, high potential clients with great accuracy, generating record results.

Objectives

The aim was to transform KPMG’s digital transformation businesses, by generating:

• Improvement of brand awareness in the consulting market from fourth place
• 18,000 visits to the campaign webpage
• 300 leads from medium-sized businesses to multinational corporates
• £3.2m in revenue, achieving a ROI of 400%

The target audience

The campaign was aimed at medium-sized businesses through to global corporates.

As well as targeting traditional buyers of technology, KPMG identified ‘transformation buyers’, including chiefs of finance, HR, operations and marketing. The strategy also capitalised on KPMG’s existing reputation among these audiences as a trusted accountancy brand.

Campaign structure

Awareness (print, digital, display – at Canary Wharf tube station, transport and social media advertising)

Engagement (E-communications with regional and sector focuses and C-suite campaigns) and partnering with Forrester (a digital transformation event), The FT, podcasts and seven client case studies on a campaign hub

Conversion (Webinars and syndicated content)

Daniel commented: “We remembered our stakeholders were accountants” and stressed the need for significant effort to achieve buy-in (three months to achieve buy-in and three months to implement the campaign). He shared an impressive list of objectives with quantified results in reputation building, relationship development and revenue.

Media, channels or techniques used

A three-tier approach helped to align the messaging with the different stages of the audience’s transformation journey:

• Tier one – digital transformation: The overarching Changing Futures messaging
• Tier two – value through technology: Connecting digital transformation with disruption and industry issues
• Tier three – client stories: Building credentials and showcasing KPMG’s capabilities in digital transformation

Build reputation

• Premium digital and outdoor locations helped to establish the campaign’s credibility and maximise exposure
• Takeover of the Financial Times website, coinciding with the triggering of Brexit Article 50 in March 2018, when FT readership was expected to peak
• Takeover of the Interactive Investor website
• Advertising on underground platforms at Canary Wharf, through which 40% of KPMG UK’s clients typically travel
• Branding of 100 London taxis, to increase visibility within the Square Mile
• Use of guerrilla taxi tactics, including sending taxis to competitors’ sponsored events

Multichannel campaign

To drive engagement:

• Programmatic marketing, with ads appearing across 54 sites aligned with audience demographics; IP tracking was used to eliminate audiences falling outside the target profile.
• Geotargeted digital advertising allowed the weighting of digital advertising in line with the HQs of specific businesses, including seven companies where KPMG had tenders
• Email marketing to existing and target clients, segmented by buyer role and/or sector with messaging tailored accordingly.
• Webinars and events, including guest presentations and case studies presented by some of KPMG’s biggest accounts and alliance partners.
• Paid and organic social activity delivered 2.8 million impressions; posts which complemented the outdoor advertising had engagement three times higher than target KPIs and average KPMG campaign engagements, setting new business records.
• The internal communications programme included all staff communications, webinars for sales teams and competitions via social media to win a ride home in a KPMG taxi.
• The website was redesigned to present immersive content based on sector, role type and technology.
• The case studies emphasised different aspects of digital transformation and different audience profiles, proving that KPMG had already successfully delivered for businesses like theirs.

Timescales of the campaign

• Pre-launch – Proposition development based on outputs from the market study
• Phase one (build reputation) – March to June 2017
• Phase two (drive engagement) – April to September 2017
• Phase three (deliver leads) – Commenced in May, ran to the end of September

Results

For KPMG, this was a record-breaking campaign, delivering:

• An average digital media CTR of 0.2%, double the industry benchmark of 0.1% (Source: Encore Digital Media).
• 22,095 website views from non-KPMG users, from 17,855 unique visitors, exceeding the 18,000 target by 23%; approximately treble the number of visitors received by other KPMG campaign webpages.
• Average site dwell time of 2.94 minutes, approx. 30% higher than KPMG UK’s average.
• 2,468 client company engagements, including KPMG’s top five clients, and 840 marketing leads (180% over target).
• Of these, more than 330 are sales accepted leads, with meetings secured with several significant new potential clients, including Pizza Hut and Schroeder’s.

In total, the campaign delivered:

• £35 million worth of new business influenced by the campaign
• Placed first for UK consulting brand awareness in 2017
• A 70% year-on-year uplift in revenue for the propositions
• A 5,284% ROMI based on a £650,000 spend

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