CRM, or customer relationship management, is something that a lot of businesses are once again realizing the importance of. They used to be interested in this type of relationship with their customers because they saw how important it was, but this was in the days of mom and pop stores and smaller companies. Before things got too big. Once companies started to grow and develop at a rapid rate, the way that business was done started to change as well. There weren't as many people who showed that they were concerned about their customers. The bottom line became more vital and customers felt like they were ignored. Business owners still cared about their customers, but they weren't able to show it because they were too busy trying to figure out how to handle the increased business.
With CRM, that can change. Businesses that care about their customers are better able to work with them and make sure that they feel appreciated. They are also better able to keep track of what their customers want and need, which makes it easier for everyone involved to work with one another. Customers want to feel as though more than just their money matters to a company, and being remembered is one of the ways that this can take place. Another advantage to CRM is that customers can have their information stored more easily by a company and they don't have to keep giving the company their information every time they make a purchase or a phone call. This helps to make things a lot easier for both the customer and the company and avoids a lot of confusion. There will always be customers who do not want their information stored because they're worried about issues like identity theft, but these people are generally in the minority.
CRM saves a lot of work for both customers and companies since the information that they need is usually already there. It's one of the best ways to help companies that are getting big and busy treat their customers more like the mom and pop stores that used to be around. There is no going home again, of course, but there are ways to improve things for people, and this can happen all over the world with some simple software. Companies are sometimes concerned about this because they think they can't afford the software, but they really can. As long as they take their time and pay attention to what they have and what they need, there shouldn't be any reason for a company to have trouble with CRM affordability. There are a lot of different options out there for what's offered, and smaller companies don't need some of the options and features that larger companies want. Since that's the case, they can avoid spending as much. As long as they get software that allows them to grow as a business at a later date, they don't have to spend thousands of dollars right now to have a good CRM system that will keep customers happy and coming back.
Crm Customer Relations Management
Reviewing the developments, we see Siebel and Clarify (now Amdocs) offering solutions for the consolidation of function across the front office operation with SAP and Oracle taking care of finance, management of the supply chain and what we know today as e-business. This finally lead to the much awaited Oracle-Siebel deal that saw the front and back office operations functioning under one roof, one data base and a common set of end-user tools.
So we can see the original function of CRM was to streamline business functions and processes thereby increasing cost savings. CRM solutions were offered to companies running a call centre or sales organizations to reduce inefficiency, standardize processes and monitor the progress of the business. Specifically CRM systems could allow executives to track customers, route and assist in-coming communications and provide information on the on-going progress of marketing and sales activities. The focus of these solutions was essentially to automate all processes for dealing with the customer from the company point of view, but it could be argued the customer in a way did not figure explicitly in the equation. What these solutions failed to do was show businesses how to:
- deal effectively with customer problems
- answer questions and provide information quickly and efficiently
- help customers solve some of their own problems themselves
In the light of the above, the primary shift in focus for CRM has become the customer. What is being advocated is the idea that in order to take care of the customer (who is after all the lifeblood of your business) systems should be provided to allow the customer maximum control of their business with the organization.
With this focus on the customer involvement, Allen Bonde, a leading industry analyst has suggested that the new-generation CMR will centre around three priority issues that he calls the three C's. Below is a summary of these points
- Customer experience – this refers to the idea that there should be customer involvement at all contact points within the organization.
- Content – This is concerned with utilising systems that will allow information content to be at the fingertips of reps and customers alike.
- Collaboration - Collaboration here is with social networks that have an ever-increasing influence on knowledge sharing among customers and customer loyalty.
He argues that adopting this focus on these issues has the potential to improve and streamline processes within the organization and simultaneously allow customers more control over their business and make better use of self-service applications thereby reducing calls. These priorities have emerged in response to the rising interest in Web 2.0 technologies, wikis, RSS and social networks, which have already begun to foster stream-lined communication between customers and the organization but also accelerate information sharing between internal staff.
With these priorities defined, we can see that the future focus for CRM will be customer-facing technology. The advice by analysts to ensure success is to build these priority issues into business planning way before new technology is deployed. Practically this means, talking to customers and finding out what they need to maximize the use of self-service applications and making better use of information about customer needs already gleaned from account records, marketing records, blog postings etc. In other words “spring clean” your existing CRM systems before you introduce new ones.
Both Dave Roth & Michael Oims are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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