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customer centria
The Customer Engagement & Experience Company




        DECODING CUSTOMER RESPONSES...
                         DELIVERING DELIGHT




                                                  Date: 11/04/2012




                                               www.customercentria.com
customer centria
The Customer Engagement & Experience Company




               The Evolution and
                     growth of CRM




                                               www.customercentria.com
Summary

Progressive customer relationships define the world for today's organisations. Companies in the current state of
affairs operate in a tightly knit world of conversations in the form of feedback and criticism coming from every
corner - offline and online – through various channels. How do we streamline all this data and make it more
organisation-friendly to yield the maximum benefits! These answers are what we aspire to achieve from this
Thought Paper.


The purpose of this Paper is to highlight the need for a Multi-Channel Marketing Framework and Response
Tracking mechanism, all seamlessly tied up, given the current scenario of Marketing Automation, in whatever
avatar, being the norm, not the exception. It is essential to have a single customer view, resulting in effective one-
to-one marketing dialog with today's tech savvy customers via multiple channels. This Thought paper is divided
into 3 parts


        The Evolution and growth of CRM
        Multi-channel Integration, and
        Customer Response Management

The Evolution and growth of CRM, provides a line of sight into the
journey of the relationship between customer and organisation. The
section aims to explain the change, which has taken place not only in
terms of technology and marketing, but also in terms of lateral
thinking on the part of the modern organisation. Destination CRM
was not easy to attain due to various challenges, which started from
quality of information to the way in which information was stored.


The second part, Multi-Channel Integration, provides an in-depth
account on the approach to a Multi-Channel marketing framework,
the challenges organisations typically face during implementation
and the organisation wide they would reap once it’s implemented.


And in conclusion, Customer Response Management, the last
section, emphasises on the criticality of implementing and
integrating Customer Response Management, and the role that
Customer Centria can play, in delivering an end-to-end response
management solution in a well-integrated Multi-Channel
environment.




                                                                                     www.customercentria.com
CRM: The Evolution
The present is incomplete without the past – and that stands true for technology as well. To understand the
significance and existence of the current marketing strategies and channels, it is imperative to look at the entire
evolution of customer-organisation relationship as a tale, contemplating on vital junctures to understand the
route. Let’s start with the Evolution of CRM


‘Organisation-Customer Relationship’: As perceived historically
Once upon a time, customers needed organisations, but then competition struck, and consumers got empowered
with the power of choice. Today, businesses depend on people-to-people and business-to-business interaction
and the game has changed for many from B2C to C2C. There is no room for obsolete communication channels and
out-dated customer management technologies, because the consumers have moved on and it is time for
marketers to wake up and smell the coffee.


In today’s customer oriented market where strong relationships with the customer is the cornerstone for building
loyalty and thus ROI, any company, organisation or an institution has to be geared towards a strong framework
supporting integration of disparate data sources and marketing channels with preferred Customer Relationship
Management (CRM) solution.


‘Integration’ in today’s context is now inextricably linked to the entire marketing operation framework, which
would include marketing channels, transaction systems, data warehouses/data marts etc. And so, when it comes
to leveraging customer data across many disparate sources and opportunities, seamlessly aggregated marketing
machinery is essential for an effectual marketing dialog with customer.


In the early 90’s, organisations were apprehensive about Data Warehouse implementations
because of common myths like –

       The merging of current customer data with secondary sources ultimately hurts the customer
       Customer profiling may lead to more customised service and hence reduced consumer value
       Data warehouses reduce organisational productivity and hurts organisational image
       Data warehouse increases waste and harm the environment
       It’s difficult to find ROI on the Data warehouse
       Data warehouse requires an engineering approach and hence is resource and time intensive




                                                                                   www.customercentria.com
Similarly marketers earlier were apprehensive about using multiple channels when it came to targeted
campaigning because of common myths like –

        Most loyal customers prefer interacting via one channel
        Most people buy and shop via one channel
        Most people do not like direct mails
        Online marketing cannibalises offline efforts
        55 plus audience is not web savvy
        Becoming a multi-channel company does not require restructuring
        Each channel is a separate user experience



Apparently with ever growing transactional data, organisations felt the need to adhere to a solution, which will
provide clean, transformed and catalogued data for use by managers and other business professionals for data
mining, online analytical processing, market research and decision support. Data warehouse was one such
solution, which when implemented would provide holistic view of the historical data and this is where the
evolution of CRM commenced.


As organisations started turning towards data warehousing solutions to get a centralised view of historical data
combined from various sources, organisations started to realise that just doing BI and OLAP reporting was not
going to be enough to achieve what was required to build a marketing dialog with customers build a strong
customer relationship.


This was the time when organisations started feeling the need for establishing a framework, which could leverage
the data warehouse to build strong customer relationship model as OLAP reports analyses resulted in confirming
a fact that 'All customers are not equal', which spurred an evolution of 'Customer Relationship
Management'.



Why the Evolution?
Customer Relationship Management (CRM) is a broadly recognised, widely implemented strategy for
managing a company’s interactions with customers, clients and sales prospects. It involves using technology to
organise, automate, and synchronise business processes — principally sales activities, but also those for
marketing, customer service, and technical support. The overall goals are to find, attract, and win new clients,
nurture and retain those the company already has, entice former clients back into the fold, and reduce the costs of
marketing and client service. CRM denotes a company-wide business strategy embracing all client-facing
departments and even beyond. When an implementation is effective, people, processes, and technology – all
work together to increase profitability, and reduce operational costs.




                                                                                  www.customercentria.com
CRM and the Data Warehouse

The key challenge for business today is implementing an information infrastructure that enables rapid responses
to competitive pressures and the capability to survive into the future.


Corporate strategies that impact customer relationships, and the management and application of customer data
to business operation - CRM for short - are dependent on an information superstructure comprised of various
technologies that enable organisations to store, access, analyse, and manipulate vast amounts of customer data.
Most organisations with large numbers of customers to manage, frequently in the thousands or millions, require
a combination of sophisticated technologies to implement CRM.


One of the major contributing technology areas to CRM is ‘Data Warehouse’, which facilitate handling of a range
of CRM-oriented functions like –

        Data storage
        Database queries
        Value analysis
        Mathematical models for predictive analysis
        Analytics



Thus for a CRM to evolve, data warehouse have become core component of doing business, as well as building
block for a corporate CRM strategy. This technology is a prerequisite for the level of one-on-one customer
relationships that can turn information into a company's most important resource.




                                                                                www.customercentria.com
CRM and Marketing Automation

Once CRM took shape post evolution, the next challenge was to have a framework, which will use CRM to provide
the automation and analytical insight to move more prospect relationships into customer relationships and
retain existing customer relationships.

A typical CRM roadmap will have following milestones –

  1    Analysis of the current state of customer interactions


  2    Predicting the future course of customer interactions


  3    Developing the plan of action to meet the predicted future course


  4    Building and presenting the business case to secure CRM project funding




To attain the above roadmap, need for a 'Marketing Automation System' was felt to provide the following benefit

       Increased marketing effectiveness
       Deliver more sales ready-leads to sales teams
       Nurture prospects so they move through the channel faster
       Measure the marketing influence on opportunities in the focus
       Provide marketing accountability and ROI
       Ensure that marketing only adds validated, standardised data into the CRM



                                                                                 www.customercentria.com
All this can be achieved via focussed 'Marketing Campaigns' that are measurable, leverage cleaner, richer data
 and produce predictably great results. Marketing automation not only brings efficiency through automation and
 effectiveness through better execution, it also brings a new level of measurability to marketing.


 Marketing Automation solution brings the unprecedented ability to define business rules to connect marketing
 campaigns and programs to sales opportunities, so the precise impact of marketing on the business results can be
 measured. With the costs entered into the campaign definition, one can even measure the ROI and cost per
 lead/contact.


 Marketing Automation software is a powerful tool that can help an organisation to become more efficient,
 conduct successful marketing campaigns, reach the most profitable customers, build long-lasting relationships,
 better understand product and market dynamics, and measure the productivity of marketing operations.


 Marketing Automation — at its most fundamental level was developed to help marketers' better target and
 execute one-to-one communication with key prospects within the context of demand generation efforts,
 simultaneously orchestrating and tracking marketing resources against this activity. CRM consolidates a great
 deal of information about prospects and customers; however, it provides virtually no framework or tools for true
 nurturing of earlier-stage prospects, and it definitely is not a communication platform. Marketing automation
 leverages CRM and addresses these gaps, but it then presents new capabilities for marketers that enable them to
 take their demand generation programs to the next level.




Marketing automation software's unique design helps manage relationships with the past, present and future
clients, consultants, contractors, and even competitors, to ensure that no opportunity for acquiring a new project
is overlooked. There are five core areas of functionality that are essential for any good marketing automation
system. All the five are listed below –


     1     Contact Data Integration           2     Response Management               3     Lead Management

                  4     Campaign Automation             5     Marketing Business Intelligence



                                                                                   www.customercentria.com
Marketing Automation and Marketing Channels

Now that marketing automation gained prominence and campaign management became inevitable, the
challenge for organisations was identifying the best way of communicating with the customers so that they get the
right offers at the right time and that would have happened without reaching customers via predominant medium
called 'Channel'.
With the advent of technology and ease of using it, today there are various channels to reach customers based on
their preference and liking for a particular channel.




Some of the most commonly used channels today include Email, SMS, Call Centre (Inbound and Outbound),
Direct Mailers, Print Media, TV, Radio, Billing Systems, POS, and ATM etc. All channels are not applicable to all
verticals, but most of them would have some channels in common for e.g. an Email, SMS or Call Centre.


Leveraging the potential of existing channels to their maximum capacity and ability was the next challenge
organisations faced, as the modern customer was very particular about the communication and its mode as well.
Selecting the most preferred channel for the target customers was top priority, as a varied choice of
communication channels also meant intelligent decision-making on part of the marketers. This is where the
Campaign Management component of Marketing Automation plays an important role, running campaigns that
result in data enrichment and address the right customers.




                                                                                www.customercentria.com
The evolution of marketing channels enabled personalised communication in various ways for e.g. Promotions,
Personalised offers, Anniversary/Birthday Wishes, Loyalty related updates and lots more. The idea was to keep in
touch with the customer, and at the same time encourage him to buy what he likes and also what he/she 'might'
like. This approach led to a communication revolution, as organisations adopted Channel Marketing Strategies
that allowed organisations to make choice of channels based on following factors:




For organisations, channels have became the next big medium to reach their consumers – a tool with the power to
motivate and inspire their existing customers to buy their products and prospective customers to consider their
brands. Channel strategy includes recommendations for both identifying and managing channel partners.
Channel marketing is a dynamic and complex arena where mistakes can prove costly and extremely difficult to
correct.

To formulate and execute a channel strategy, organisations must follow these steps:


  1    Understand the channels that are available.


  2    Identify the need, based on organisation's objectives and the preferences
           of customers.

  3    Generate a list of likely channel partners.


  4    Recruit channel partners to work with.


  5    Manage the channel partners on an on-going basis.




                                                                                www.customercentria.com
Bottomline:

We saw the evolution of CRM from a Data Warehouse to its smart utilisation for implementing Marketing
Automation. With the growing acceptance of CRM and Marketing Automation, organisations opted for Multi-
Channel Campaigns, and some obvious questions popped up:


   Are you engaging your audience with targeted, relevant and personalised content?
       Are you delivering your message through your customer’s preferred media?




                                                                          www.customercentria.com
customer centria
The Customer Engagement & Experience Company




                        Multi-channel
     Customer Management




                                               www.customercentria.com
How to channel the process of Multi-Channel Integration
Moving on from Customer Relationship Management (CRM) and its significance in the lifecycle of an
organisation, the journey gets more challenging and innovative. With the evolution of CRM and Marketing
Automation, various factors came into play, affecting marketing decisions and campaign management. The
dynamics of the game have changed radically, and today technology, user expectations, and stiff competition, are
increasingly forcing enterprises to support their customer service operations through various effective delivery
channels. It all started with walk-ins, leading to a strong dependency on call centres – but in current times, the
proliferation of the Web has inflated customer expectations, as they want their requests – whether information
related or service related - to be fulfilled fast, almost real-time.


Considering these factors, managing customer relationships, is deeply connected to marketing strategies, with
an aim to generate a 360-degree view of the consumer.


Websites, email, direct mail, text messaging, and call centres are all key elements to an integrated marketing
program, but a coordinated multi-channel program takes it to the next level by incorporating data and new
marketing technology for better response rates. Technology, customer expectations, and competitive forces, are
increasingly compelling enterprises to support customer service operations through several delivery channels.


80% of shoppers are more likely to do business with a
retailer who offers them easy and flexible interaction
across all channels by means of Multi-Channel
Integration. At the same time, 70% of all retailers find
cross-channel customers more profitable because they
spend more - Recent NCR Poll

Multi-Channel Customer Management covers the design,
deployment, coordination, and evaluation of channels through which
enterprises and customers interact, with the goal of enhancing
customer value through effective customer acquisition, retention, and
development.


An enterprise comes across the following prominent challenges when
it comes to designing a multi-channel framework for customer
management :




                                                                                  www.customercentria.com
1. Data Integration across Channels
Enterprises typically viewed each delivery channel as a separate entity. However, with each delivery channel being
separate and operating in isolation, each with its own data, leveraging information across a multitude of customer
contact channels was not possible. Neither was it possible to provide a consistent customer service experience. Due
to lack of a single information repository, companies traditionally spent large amounts of time and money writing
integration programs to communicate between disparate systems.
In such a complex setup, the systems will rarely operate in real time, delaying data synchronization. This can cause
embarrassment to companies and aggravation to customers, when updates to one channel are not reflected
immediately in the others.


The second issue is that it adds overhead. The integration must be implemented, administered, and maintained
independently of the actual customer service applications for each delivery channel. The problem, complexity and
costs are magnified each time a change is made to a channel application.


To resolve this issue, multi-channel integration is imperative. The ideal position for a firm would be to have
complete Customer Data Integration (CDI), or an integrated, single view of the customer across the channels. The
ideal database would depict which channel(s) each customer accessed during each stage of the decision process,
including competitors' channels.
In turn, CDI gives rise to the following questions:

     Which data needs to be integrated?
     Is it sufficient to integrate purchase data only, or should search data also be integrated?
     Which marketing activities benefit from integration?
     Cross selling is an obvious beneficiary, but what about other marketing activities benefit?
     What is an acceptable level of data integration? Is it 100% necessary?
     Does data integration pay off?
     Is it worth the investment to derive a single view of the customer?

2. Understanding Customer Behaviour-time
Managers must understand how customers choose channels and what impact those choices have on their overall
buying patterns. Therefore, the key questions pertaining to customer choice include the following:
In turn, CDI gives rise to the following questions:

     What determines customer channel choices? What channel attributes are important?
     Do marketing communications influence channel choice?
     Is a multi-channel approach means to segment customers? That is, are there distinct segments of
     consumers who use various channels and combinations of channels?
     Do customers make channel decisions according to the channel or the firm?
     Does the customer first say, “I will check out a few websites of retailers that sell HDTVs,” or does he/she
     say, “I will check out Sony’s website, then go to the store to get a better look”? Similarly, during the search
     stage, do customers consider firms at all?
     What is the impact of the multi-channel environment on customer loyalty?
     Does a multi-channel strategy grow sales for the firm?




                                                                                     www.customercentria.com
3. Channel Evaluation
When the firm has gathered data and obtained an understanding of the consumer decision process, it can
evaluate channel performance. The key questions in this step include the following:
     What is the contribution of an additional channel to the firm? If the firm were to add a channel, what
     impact would it have on sales and profits?
     What is the contribution of each existing channel? This input can be difficult to assess when the
     contribution of a channel emerges during the search phase and the company lacks an integrated database of
     search and purchase across customers.
     What channels synergise best with others? The full impact of the firm’s set of channels should be more than
     the sum of the parts, and synergies should exist, but which are the best?

4. Allocation of Resources across channels
The firm's channel policy is manifested in its resource allocation. Therefore, key questions include the following:
     What is the optimal channel mix?
     How necessary is a web presence?
     What is the impact when channels are removed or downsized?
     How should marketing resources be allocated across channels?
     How much should be spent designing and developing each channel, and should advertising and
     promotional activities be designed to drive customers to specific channels, or should they be channel
     neutral?
     What determines the equilibrium of channel structure in an industry? Should all firms offer the same
     channels to customers? Will firms differentiate their channel strategies?

5. Organisation Structure and Cross Channel co-ordination
According to US online marketers surveyed in June by an interactive marketing agency Zeta
Interactive, their organisational structure was the top problem, suggesting many companies
are still keeping marketing activities soloed rather than working to coordinate them.
Technology and the problems of working with multiple vendors and agencies were also an
issue, along with a simple lack of cross-channel expertise.

While most marketers know the benefits of channel integration, the limitations of a soloed organisation are
currently the primary reason for companies not integrating their marketing efforts. It’s tough for managers to co-
ordinate the objectives, design, and deployment of channels. The dilemma is the degree of channel co-ordination
that can range from complete separation to full co-ordination.




                                                                                   www.customercentria.com
6. Current Technology
Investment and extensive usage of technology is another major factor, which impacts multi-channel integration, as
many enterprises have already invested profoundly in technologies that support separate systems. To connect all of
them would mean implementing integration at the enterprise level, which might demand a technology change that
involves a major cost.


7. Cross Channel Expertise
An emarketer report revealed that 43.3% of senior marketers in the United States consider cross-channel
coordination of marketing campaigns as extremely vital and 46.4% consider it as vital.


One of the major problems that marketers face when firms go for enterprise-wide channel integration is lack of
cross channel expertise on part of marketers. This results in resistance to multi-channel integration as touch points
are not lucid and ease of moving from one channel to another is not known.


Marketers must overcome their own organisations’ hurdles to cross-channel integration in order to effectively
achieve their goals, breaking down structural silos and educating themselves about integrated marketing best
practices to overcome other logistical challenges and achieve coordinated campaigns.




                                                                                    www.customercentria.com
Approach
A growing segment of customers, today demands lower prices, higher quality, better selection, and round-the-clock
access. They expect to reach organisations (banks, retailers etc.) through all possible channels. Organisations by
now have inferred the need for customer communication via multiple channels and realised the necessity of
reaching customers via multiple channels. But the challenge lies in setting up a centralised environment to develop,
execute and monitor campaigns across multiple channels which will allow them to achieve better visibility into
effectiveness of marketing spend.


As mentioned earlier in the document, websites, email, direct mail, text messaging, and call centres are all key
elements to an integrated marketing program, but a coordinated multi-channel program takes it to the next level by
incorporating data and new marketing technology for better response rates.




                       @                         Campign
                                                Management
                                                                                             Planning
                                                                                        (Marketing Calendar)
            Direct                 Mobile
             Mail    E-Messaging   Devices

               Outbound channels                                       Contact
                                                                     Optimization

                                                                                           Centralized
                                                                                           Centralised
                                            Offer                                        decision engine
                                         Management      Budgeting
                                                                                       - Centralized business rules
Customers                                                                              - Arbitration logic
                                                                                       - Business constraints
                Inbound channels
                                                                                       - Customer contact policies

                                                Interaction
                                                Management
         Branches/     Contact
          Stores       Centers     Websites


                                                                                    Operational              Analytical
                                                                                    Data Store               Data Store


                                                                                            Source: Forrester Research, Inc.


Integrate Inbound and Outbound Marketing Programs
“Marketers know they need to execute multi-channel programs to reach their target audience
with a tailored message at the right time using the right media. Their biggest challenge to all but
the simplest of programs is architecting and executing in a manner that minimises the cost and
complexities that are inherent when you deploy with varied work flows, multiple data processes
and vendors for each channel.”
- Philip Chischportich, CEO of Conversen, a leading multi-channel technology firm.




                                                                                     www.customercentria.com
The challenges and complexity of multi-channel marketing can be overwhelming, but before organisations take
to an approach, there are four key steps which prove useful in laying a strong foundation to the approach –

    Select a multi-channel strategy that creates an advantage and benefit for your consumers, such as the
    ability to check the availability of an item prior to visiting the store.
    Define a Multi-Channel network architecture that clarifies channel roles and investment priorities from
    customer value-based perspective
    Manage customer experience seamlessly on a cross-channel basis and consistently deliver the brand
    promise
    Build capabilities needed to market a multi-channel enterprise – this can be achieved by making sure that
    CRM capabilities enable multi-channel management


Multi-Channel Customer Management Framework
Organisations must follow an approach, which will enable them to do the following:

    Assess their present state of multi-channel capabilities to identify areas within their business and IT
    landscape that can be optimised for improving the multi-channel capability.
    Assess their present state of channel integration across people, processes and technologies to identify
    potential gaps and challenges in the individual channels.
    Define the future state, based on the current level of multi-channel maturity and customers' business goals
    Evaluate the scalability and relevance of the existing systems/technologies with respect to the new multi-
    channel requirements
    Formulate a transformation and technical roadmap for implementation of the defined multi-channel
    strategy
    Implement the defined multi-channel initiatives
    Monitor, support and perform continuous improvements


    A typical approach that organisations can take to implement multi-channel integration is shown below -

                            A Framework for Multichannel Customer Management

                                               Consumer Channel Perceptions and Preference




                                          Search                    Purchase                 After Sales
                                                                                                                    Post
                                                                                                                 Evaluation
                                       Channel Ak                   Channel Ak               Channel Ak
            Problem
           Recognition
                                       Channel Bk                   Channel Bk               Channel Bk            Data




                                                               Channel Strategy                                   Channel
                                                                                                                 Evaluation

                                  Channel Coordination                           Resource Allocation
                                  - Price, Production, Promotion                 - Channel selection
                                  - Design, Distribution, Service                - Investment




      SOURCE: Adapted from Blattberg, Kim and Neslin (2006).




                                                                                                       www.customercentria.com
The above figure shows a framework that joins the customer's and the firm's decision processes.


Step 1 - Customer progresses through need recognition, information search, purchase, and after-sales service. For
example, a customer may realise he or she needs life insurance. The customer searches various channels for
information about life insurance, decides on which channel to make the purchase, and then receives sales support
(advice on increased coverage, etc.) via a particular channel.


Step 2 - First, customer perceptions and preferences drive channel choices (e.g., the customer may prefer the
Internet for search because it is easy to use).


Step 3 - Second, the customer learns from and evaluates his or her experiences, which feed back into the
perceptions and preferences that guide his or her next shopping task (e.g., the customer may learn that the Internet
search did not answer all the important questions).


Step 4 - Third, the customer chooses both channels (A or B) and firms (k), so from the customer's perspective, it's a
two-dimensional choice.


Typically, the management decision process starts with data generated by the customer decision process. These
data are at the customer level—what channel(s) did the customer use for which purpose, and what did he or she
purchase? Consistent with the emphasis on the customer, the firm's decision process is driven by such customer-
level data. After the data have been assembled, the firm evaluates its channels (Are they profitable? Are they serving
the purposes for which they are designed?).With this knowledge in hand, the manager can specify a multichannel
strategy (which channels to employ, how to design them, how to allocate resources across channels) and a
marketing plan (pricing, assortment, service levels) for implementing the strategy.




                                                                                      www.customercentria.com
Based on the challenges mentioned in previous section and the framework presented in this
section, organisations would want to follow an approach that covers the following -


1     Integration of customer data to create a Customer Data Integration (CDI) source, which
      would provide a single customer view resulting in prompt analysis of customer data.

2     Understand customer behaviour based on customer data within CDI.


3     Once organisations get handle over customer behaviour, the next step would be to
      determine customer's channel choice, there could be various variants like marketing
      efforts, channel attributes, social influence, situational influence etc. which determines
      his/her channel choice.


4     Once organisations get to know customer's choice of channel, it's important to evaluate the
      profit contribution by all the channels used.


5     Based on valuation, organisations would want to allocate resources like marketing spend
      and other resources to most valued channels, for e.g. if one particular channel valuation
      indicates that that channel to be the most preferred and most profit contributing for
      customer acquisition then allocate maximum resources to further increase the
      acquisition.


6     Organisations should look to entail channel co-ordination strategies by developing
      channel synergy based on aspects like customer segmentation and functions. For e.g.
      some customers might use Internet to search about a product while another customer
      might choose to use call centre services for product information. Organisations need to
      ensure that profit-driving factors like product rice need to be consistent across channels.



This is a generic approach, which can be utilised across verticals, but the degree of overcoming the challenges could
be different for each vertical based on what all channels are applicable, customer segment, technology used and
other factors.




                                                                                    www.customercentria.com
Benefits
With a Multi-Channel solution and framework is in place, organisations will realise the following benefits–

     Unified view of customer across multiple channels
     Identification and capture of opportunities for increasing value per customer
     Streamlined cross-channel order fulfilments' through integration of all management systems involved
     Increased choice for customers in the way they can interact
     Ability to switch between the channels depending on customer preference and interaction type
     360-degree view of customers and unlimited personalisation and targeted promotions through cross-
     channel customer data integration and analysis.
     Increase of efficiency through sharing of process, technology and information
     Increased customer loyalty through cross-channel loyalty programs, where customers can earn points or
     credit that can be accumulated and redeemed from any channel.
     24 x 7 customer support by leveraging increased customer touch time across the multiple channels
     Consistent brand, product, price and promotional information across all channels
     Increased convenience and improved experience to customer
     Increased organisational flexibility
     Increased efficiency in exploiting customer data to identify customer needs



Bottomline
By now, we realise that a multi-channel framework helps achieve a unified view of the customer. This leads to better
effectiveness and convenience for organisations in terms of capturing data coming via various channels. What next?
The incoming information or data comprises of feedback, criticism and many individual views and thoughts – all
these demand attention and action post analysis.


In the next and last part of the whitepaper, we will look at Customer Response Management, which is a key
challenge in a multi-channel environment due to the diverse nature of channels. The stress will be on how channels
integrate and how the response received from the customer is managed and exchanged by various channels to
generate positive brand value and higher business returns.




                                                                                    www.customercentria.com
customer centria
The Customer Engagement & Experience Company




                                 Customer
      Response Management




                                               www.customercentria.com
The strategic art of Customer Response Management
With the implementation of Multi-channel Integration and Framework, the complexities and challenges related
to working with various channels are managed effectively. And next comes the most critical organisation-
customer conversation byte - customer response and customer feedback! This section will talk about gathering
and utilising customer response and feedback via the numerous channels available in today's time, and
leveraging it productively to gain maximum benefits.


When it's about understanding the customers' needs, wants, apprehensions and concerns – there's only one secret
- 'leveraging customer feedback fully'. And that is not limited to only collecting feedback, but analysing,
managing and acting upon the data to improve the organisation-customer relationship.


Today, customer feedback is overwhelming, sometimes streaming simultaneously from a large number of
channels - in-person, call centre, surveys, email, social networking and mobile devices – with new channels
opening up each day. Organisations today, are dealing with a multi-channel response interface, and the
challenge is to streamline the data coming in from various sources.


The need is to understand how the various communication channels integrate and how the response received from
customers is handled and exchanged by various channels.


The nature of communication channels involved, varies from one vertical to
another, for e.g. in a banking environment if the bank has a 'Core Banking
System' in place with rich data containing valid email ids and mobile numbers,
the banks would prefer to target the customers via Email and SMS, while in
case of a telecom company, Call Centre could be a more lucrative option as that
would turn out to be more cost effective, but challenges exist in either case.


The biggest challenge in a multi-channel environment where marketing
automation system is implemented for targeted campaigning, is seamless
response capture, which will help organisations to measure the campaign
effectiveness.


Response received via every communication channel is in a different format,
but the bigger challenge is to relate the response with campaign, and ensure
that the response received is due to a particular campaign. This is where a
strong integrated multi-channel framework comes into picture where the
response received from various channels can be related to the campaign and
logged in the response history for further analysis.


Different campaign management systems have different ways of tracking the response and this is where Customer
Centria comes into picture. Customer Centria liaises with various channel partners and provides an integrated
solution for response management, which enables the customers to track the responses coming from multiple
channels.




                                                                                  www.customercentria.com
Customer Centria helps an organisation in implementing end-to-end campaign management capability, which
    allows the organisations to reach their customer via multiple channels and at the same time provide the customer
    with multiple options that will allow organisations to not only track direct but also help them track inferred
    responses. Response management helps the organisation to track offer performance, segment performance,
    customer behaviour, contact v/s response ratio etc.


    Customer Centria shares its best practices for optimizing the cross channel response, as it helps organisations in
    obtaining not only the response rate ratios for all the channels, but also accomplish ROI for a particular campaign.


    The following sections in brief, state on account of response capture services which Customer Centria facilitate for
    most common channels, which are currently used across various industry verticals. The brief description provides
    an insight into what level of response can be captured when it comes to an individual channel and how it works when
    a channel integration framework is in place.



    Response Management via Email
    Email is one of the most popular channels these days, as the urban customer prefers to receive all the
    communication via electronic mail. It not only allows them to visit the emails as and when convenient, but also
    provide them sufficient information online and thus reduce the need to visit stores and shops.


    When it comes to managing customer response via email, the organisations have to decide what all responses need
    to be captured as in case of email there could be multi-level response capture –

1      First level response like opens, views, click through, bounces etc. that provides an insight into
       customers' interest in the communication sent to him/her.

2      Second level responses, related to first level of responses like mail, open or click through etc.

    The extent of response capture via email depends on the organisation; some organisations would opt for capturing
    the first level of response and based on that target customers via other channels. Similarly other organisations
    would wish to capture second level responses, which might lead to involvement of other channels like a ecommerce
    portal (in case of click-through) or outbound call centre (in case of a customer reply to the marketing
    communication).


    Customer Centria provides an end-to-end response management solution for email, as the first level of response
    can be provided via in-depth reports, allowing marketers to gauge the targeted customers' interest based on the
    action taken by customers on the communication received for e.g. Unique Views, Unique Clicks, Total Bounces –
    Hard and Soft both etc. Customer Centria also provides custom response solutions to capture customers' interest,
    based on actual replies to the email or customer's action on the website as a result of click through or an inbound call
    to the call centre as a result of the email communication.




                                                                                          www.customercentria.com
Response Management via SMS
    Like email, SMS also is one of the most popular and widely used communication channels due to mobile revolution
    and cost effectiveness. Typically, SMS is used widely for targeting a large segment of customers, keen on receiving
    messages on the move unlike emails.


    Response capture via SMS also could be multi-level and based on what level of response tracking organisations wish
    to carry out. Like email, SMS could also have a multi-level response capture –

1      First level response capture could be based on the Delivery
       Report (DLR) received by the SMS service provider, which
       would provide organisations an account of the number of
       messages sent, received and not received.


2      Second level response capture are actual customer replies to the
       SMS, based on the keywords sent as part of the communication.
       These replies result in helping organisations to conclude
       customers' interest in the offer sent to him/her via SMS.
    Again as in the case of email, the extent and level of response capture via SMS would depend on the organisations.
    Customer Centria provides an end-to-end solution for customer response management via SMS by providing
    services like contact history updates in case of first level of response capture via SMS or further contact
    management based on customers responding via keywords or customers calling inbound with requisite response
    code, which enables identification of campaign via which they were targeted.


    Response Management via Call Centres
    In a recent survey by CRM Daily, it was quite evident that to be competitive and customer centric, organisations
    need to have a sophisticated call centre, which would offer its customers the choice of as to how he/she would like to
    engage with the company.


    Call centre is one communication media, which provides the following three different service models –

1      Immediate Assistance -
       The immediate assistance service model is typically delivered by live agents in a call centre,
       but it can also be delivered via Web chat, and even through immediately escalated e-mail.


2      Deferred Assistance -
       is typically provided again by live agents responding to e-mail and voice messages, although
       automated response applications remove the live agent from the process.


3      Engaging with company via self-service -
       is typically delivered over the Web in the form of knowledge base information or over the
       phone via an IVR.

                                                                                         www.customercentria.com
The degree to which these three service models are integrated, determines how intelligently and cost-effectively a
    company can respond to a customer need. These service models usually are designed around proprietary hardware
    and software solutions in a silo fashion, with little to zero integration.
    Customer Centria allows organisations to integrate with any or all the above service models as the integrated
    customer response solution allows every customer contact to be evaluated based on the history and relationship of
    the customer with the company. In this way, companies can respond immediately to highest valued or highest
    priority customers, regardless of how they chose to contact the company (phone, e-mail or Web).


    Customer Centria's integrated response solutions will also enable the organisations to leverage their lead
    management systems via call centres, thus enabling end-to-end lead management and response capture for closed
    leads, which may or may not result in business thus providing apt reasons for the leads which got closed.


    Contact Centre today needs to be fully integrated with other commonly used channels like email and SMS, as
    interest shown by customers needs to be captured as leads. Based on target being existing customers or other
    prospects, the leads are generated in the associated lead management system, which is not only tightly integrated
    with the call centre application, but also with CRM that provides the information of existing customers.


    Customers like being recognised; hence such an integrated framework has become a necessity for all organisations
    who wish to implement marketing automation via campaign management.

    Response Management via Web
    Certain segment of customers is web savvy and prefers to receive offers communication via web. This prompts all
    large organisations to have B2C ecommerce portals, which not only enable customers to visit and spot offers but
    also avail those offers online. Personalised email communications with the appropriate links, allow the customers
    to land on the requisite portals and avail offers online. Tracking response of an offer availed online is quite
    challenging as it involves passing of campaign related parameters to the portal team who then have to maintain and
    track the response against the response code, which is campaign recognisable.


    Customer Centria help organisations execute campaigns and measure the responses based on –

1      The traffic that online offer brought to the business or website


2      The portion of that traffic that converted into customers or serious prospects


3      The amount of visibility the company received to build brand recognition


4      The return on investment of the expense of the campaign versus the results

    Customer Centria employ its best in-class response solutions, which enable organisations to easily track results for
    the online adverts. This solution would not only help measure responses, results and ROI for the effective online
    ads, it might also report ineffective communication on account of it being placed on the wrong section of a website
    thus allowing organisations to continuously improve customer's web experience.




                                                                                         www.customercentria.com
Internal Resources provision for Response Management
In any kind of response management solution, it's difficult to attain an end-to-end solution, which is 100%
automatic, and the degree of 100% automation is based on what an organisation can provide to implement a
response solution. The figure below shows that it might be possible to attain up to 95% of automation in case of
existing multi-channel framework, but organisations may have to live with 5% of manual intervention when it
comes to closed loop campaigns.


                                                                           Knowledge Base
                                                                         Track, Manage, Control
                                                                        Track, Manage, Control

                                                    Receive     Analyse               Sort         Route       Respond


                                       @   Email                     AI-BasedParsing
                                                                        Self-learning
                                                                                                 Templates
                                                                                                                 95%
                                                                                                                 Auto
        Multi-Channel Cross- Channel




                                                                Industry-leading accuracy
                                                                     Easily integrated
                                           Web                         Patented APR
                                                              Best in class. modular solution
                                                                                                             Semi-auto

                                           SMS

                                                                                                             Agents/Experts

                                           IVR
                                                                                                              Manual



                                           Branch
                                                                                                                  5%


                                                                     CRM, ERP, CTI, Databases...




Source - Attensity
In a multi and cross channel environment it's difficult to achieve 100% automation and the extent of automation
would depend on the organisation being able to provide all or most of the following internal resources while they
look to implement an end-to-end campaign management solution –

     Metrics and ratios
     Incentives and offers and means to fulfil them
     Purchaser or lead-generation criteria
     Customised landing pages
     Customised ad creative
     Customised e-mail creative
     Tracking codes (implemented for ad creative as well as on web pages)
     Delivery, tracking, and analysis systems
     Frequent data analysis and decision-making to retain or remove campaign components
     Transaction funnel (tweaks might need to be made to shopping carts or inquiry forms to help improve
     conversions)
     Call Centres/other customer service or sales inquiry management
     Specific plans for how to process and use any data captured, such as integration into a CRM (define)
     Re-marketing plans
                                                                                                www.customercentria.com
Provision of above-mentioned resources will help Customer Centria to provide an end-to-end campaign
    management solution that will also allow proposing a solution, which will have workarounds in case any resource
    can't be provided as required.


    Business Benefits of Response Tracking
    Since organisations employ multiple channels when it comes to customer contact management, they reap various
    business benefits from response tracking done for various channels used for customers to respond to marketing
    communications.


    A list of benefits is as mentioned –

1      Response tracking via mobile allows the marketers to track message delivery rate, response
       rate and sales conversion rate for a campaign thus resulting in better ROI.


2      Response tracking via emails allows marketers to track responses like mails opened, mails
       replied to, mails bounced thus allowing them to augment Know Your Customer (KYC) metrics
       by discarding customers who can't be contacted via emails and having more reliable contact
       data.


3      Similarly tracking actual responses via email results in locating the interested customers and
       further allows marketers to approach those customers via different touch points, leading to
       strong customer relationship and enriched data in CRM.


4      Response tracking via email also helps in strengthening the customer relationship via
       personalised communication, which helps the customer feel that organisations set high KYC
       standards.


5      Response tracking via web through personalised landing pages and personalised offers based
       on strategic customer segmentation allows organisations to understand customer behaviour
       and his/her inclination towards the offer.


6      Customer validation once the customer makes an inbound call is also result of the effective
       response tracking, as the CRM is enriched with customer data when an individual transforms
       from a prospect to a customer.


7      Response tracking allows organisations to drastically improve the response rates through
       personalisation and message tailoring.




                                                                                    www.customercentria.com
8       Multi-level response tracking involving multiple touch points enable organisations to achieve
        multi-tiered marketing initiatives.


9       Response tracking is not only useful in tracking the direct and inferred response, but might
        also be used to help organisations reap the benefits of Viral Marketing, resulting in customer
        retention and customer acquisition.


10      In an existing multi-channel environment, organisations have the option of intermixing
        several other media platforms, for e.g. SMS promotions can be combined with radio, billboard
        and television ads, the existing response tracking framework can be extended to track
        responses from various other channels thus extending the channel span to communicate with
        the customers.




                                                      Create
                                                     Campigns



                             Generate                                         Program
                             Reports                                         Management



                                                      Enhance
                                                        ROI



                                                                                 Manage
                               Order
                                                                                  List
                             Fulfillment



                                                       Track
                                                     Responses



     The bottom line - Implementation of an end-to-end campaign management solution results in proper leads
     management, lifts in response rates, improves sales conversion leveraging internal resources and helps cut
     marketing costs considerably.




                                                                                 www.customercentria.com
On the whole, an organisation could have following benefits under various heads –

Business Benefits
     Reduced Operational Costs and Increased Productivity
     Redefined Customer Service Excellence
     Improved Control and Manageability


Technology Benefits
     Based on Marketing Automation tool, modelling business processes and ensuring SLA adherence
     Multi and Cross Channel response and queue management
     Comprehensive batch and real time (custom) reporting and visibility into customer response processes
     Supporting multiple departments and multiple business units via single deployment
     Feeding from existing CRM, ERP, Web Logs etc.


Gathering customer feedback is not just about identifying consumer concerns, but also about consolidating a
concrete understanding of what the customer needs or wants. By capturing and structuring all feedback into a
single centralised system and using it across the company, organisations can get access to valuable consumer
insights. This helps organisations identify and acknowledge important trends and patterns in the consolidated
data that contributes heavily to business and marketing decisions.


We conclude this whitepaper that attempted to bring out the history and evolution of CRM, the integration of
multi-channel framework and leveraging customer feedback to the maximum. It's only when all these factors
complement each other and contribute extensively to the organisation-customer relation and conversations, that
any company can achieve the desired business objectives and higher revenue generation apart from strong
loyalty management.



About Customer Centria
Customer Centria (CC) is a global multi-channel customer engagement and experience company that enables
enterprises in their customer engagement strategies by powering them with customer-centric products, solutions,
services and consulting. CC helps create opportunities for brands to interact with customers enabling delightful
experiences throughout the engagement lifecycle. CC offers a complete bouquet of services from marketing
automation, analytics & insights, interactive marketing, virtual experiences to loyalty management. CC has proven
capabilities across all major industries with proven track record and accomplished results in sectors such as
Banking, Financial Services, Insurance, Retail, Telecom and Consumer Goods.




                                                                                    www.customercentria.com

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CRM evolution, multi-channel integration and customer response management

  • 1. customer centria The Customer Engagement & Experience Company DECODING CUSTOMER RESPONSES... DELIVERING DELIGHT Date: 11/04/2012 www.customercentria.com
  • 2. customer centria The Customer Engagement & Experience Company The Evolution and growth of CRM www.customercentria.com
  • 3. Summary Progressive customer relationships define the world for today's organisations. Companies in the current state of affairs operate in a tightly knit world of conversations in the form of feedback and criticism coming from every corner - offline and online – through various channels. How do we streamline all this data and make it more organisation-friendly to yield the maximum benefits! These answers are what we aspire to achieve from this Thought Paper. The purpose of this Paper is to highlight the need for a Multi-Channel Marketing Framework and Response Tracking mechanism, all seamlessly tied up, given the current scenario of Marketing Automation, in whatever avatar, being the norm, not the exception. It is essential to have a single customer view, resulting in effective one- to-one marketing dialog with today's tech savvy customers via multiple channels. This Thought paper is divided into 3 parts The Evolution and growth of CRM Multi-channel Integration, and Customer Response Management The Evolution and growth of CRM, provides a line of sight into the journey of the relationship between customer and organisation. The section aims to explain the change, which has taken place not only in terms of technology and marketing, but also in terms of lateral thinking on the part of the modern organisation. Destination CRM was not easy to attain due to various challenges, which started from quality of information to the way in which information was stored. The second part, Multi-Channel Integration, provides an in-depth account on the approach to a Multi-Channel marketing framework, the challenges organisations typically face during implementation and the organisation wide they would reap once it’s implemented. And in conclusion, Customer Response Management, the last section, emphasises on the criticality of implementing and integrating Customer Response Management, and the role that Customer Centria can play, in delivering an end-to-end response management solution in a well-integrated Multi-Channel environment. www.customercentria.com
  • 4. CRM: The Evolution The present is incomplete without the past – and that stands true for technology as well. To understand the significance and existence of the current marketing strategies and channels, it is imperative to look at the entire evolution of customer-organisation relationship as a tale, contemplating on vital junctures to understand the route. Let’s start with the Evolution of CRM ‘Organisation-Customer Relationship’: As perceived historically Once upon a time, customers needed organisations, but then competition struck, and consumers got empowered with the power of choice. Today, businesses depend on people-to-people and business-to-business interaction and the game has changed for many from B2C to C2C. There is no room for obsolete communication channels and out-dated customer management technologies, because the consumers have moved on and it is time for marketers to wake up and smell the coffee. In today’s customer oriented market where strong relationships with the customer is the cornerstone for building loyalty and thus ROI, any company, organisation or an institution has to be geared towards a strong framework supporting integration of disparate data sources and marketing channels with preferred Customer Relationship Management (CRM) solution. ‘Integration’ in today’s context is now inextricably linked to the entire marketing operation framework, which would include marketing channels, transaction systems, data warehouses/data marts etc. And so, when it comes to leveraging customer data across many disparate sources and opportunities, seamlessly aggregated marketing machinery is essential for an effectual marketing dialog with customer. In the early 90’s, organisations were apprehensive about Data Warehouse implementations because of common myths like – The merging of current customer data with secondary sources ultimately hurts the customer Customer profiling may lead to more customised service and hence reduced consumer value Data warehouses reduce organisational productivity and hurts organisational image Data warehouse increases waste and harm the environment It’s difficult to find ROI on the Data warehouse Data warehouse requires an engineering approach and hence is resource and time intensive www.customercentria.com
  • 5. Similarly marketers earlier were apprehensive about using multiple channels when it came to targeted campaigning because of common myths like – Most loyal customers prefer interacting via one channel Most people buy and shop via one channel Most people do not like direct mails Online marketing cannibalises offline efforts 55 plus audience is not web savvy Becoming a multi-channel company does not require restructuring Each channel is a separate user experience Apparently with ever growing transactional data, organisations felt the need to adhere to a solution, which will provide clean, transformed and catalogued data for use by managers and other business professionals for data mining, online analytical processing, market research and decision support. Data warehouse was one such solution, which when implemented would provide holistic view of the historical data and this is where the evolution of CRM commenced. As organisations started turning towards data warehousing solutions to get a centralised view of historical data combined from various sources, organisations started to realise that just doing BI and OLAP reporting was not going to be enough to achieve what was required to build a marketing dialog with customers build a strong customer relationship. This was the time when organisations started feeling the need for establishing a framework, which could leverage the data warehouse to build strong customer relationship model as OLAP reports analyses resulted in confirming a fact that 'All customers are not equal', which spurred an evolution of 'Customer Relationship Management'. Why the Evolution? Customer Relationship Management (CRM) is a broadly recognised, widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organise, automate, and synchronise business processes — principally sales activities, but also those for marketing, customer service, and technical support. The overall goals are to find, attract, and win new clients, nurture and retain those the company already has, entice former clients back into the fold, and reduce the costs of marketing and client service. CRM denotes a company-wide business strategy embracing all client-facing departments and even beyond. When an implementation is effective, people, processes, and technology – all work together to increase profitability, and reduce operational costs. www.customercentria.com
  • 6. CRM and the Data Warehouse The key challenge for business today is implementing an information infrastructure that enables rapid responses to competitive pressures and the capability to survive into the future. Corporate strategies that impact customer relationships, and the management and application of customer data to business operation - CRM for short - are dependent on an information superstructure comprised of various technologies that enable organisations to store, access, analyse, and manipulate vast amounts of customer data. Most organisations with large numbers of customers to manage, frequently in the thousands or millions, require a combination of sophisticated technologies to implement CRM. One of the major contributing technology areas to CRM is ‘Data Warehouse’, which facilitate handling of a range of CRM-oriented functions like – Data storage Database queries Value analysis Mathematical models for predictive analysis Analytics Thus for a CRM to evolve, data warehouse have become core component of doing business, as well as building block for a corporate CRM strategy. This technology is a prerequisite for the level of one-on-one customer relationships that can turn information into a company's most important resource. www.customercentria.com
  • 7. CRM and Marketing Automation Once CRM took shape post evolution, the next challenge was to have a framework, which will use CRM to provide the automation and analytical insight to move more prospect relationships into customer relationships and retain existing customer relationships. A typical CRM roadmap will have following milestones – 1 Analysis of the current state of customer interactions 2 Predicting the future course of customer interactions 3 Developing the plan of action to meet the predicted future course 4 Building and presenting the business case to secure CRM project funding To attain the above roadmap, need for a 'Marketing Automation System' was felt to provide the following benefit Increased marketing effectiveness Deliver more sales ready-leads to sales teams Nurture prospects so they move through the channel faster Measure the marketing influence on opportunities in the focus Provide marketing accountability and ROI Ensure that marketing only adds validated, standardised data into the CRM www.customercentria.com
  • 8. All this can be achieved via focussed 'Marketing Campaigns' that are measurable, leverage cleaner, richer data and produce predictably great results. Marketing automation not only brings efficiency through automation and effectiveness through better execution, it also brings a new level of measurability to marketing. Marketing Automation solution brings the unprecedented ability to define business rules to connect marketing campaigns and programs to sales opportunities, so the precise impact of marketing on the business results can be measured. With the costs entered into the campaign definition, one can even measure the ROI and cost per lead/contact. Marketing Automation software is a powerful tool that can help an organisation to become more efficient, conduct successful marketing campaigns, reach the most profitable customers, build long-lasting relationships, better understand product and market dynamics, and measure the productivity of marketing operations. Marketing Automation — at its most fundamental level was developed to help marketers' better target and execute one-to-one communication with key prospects within the context of demand generation efforts, simultaneously orchestrating and tracking marketing resources against this activity. CRM consolidates a great deal of information about prospects and customers; however, it provides virtually no framework or tools for true nurturing of earlier-stage prospects, and it definitely is not a communication platform. Marketing automation leverages CRM and addresses these gaps, but it then presents new capabilities for marketers that enable them to take their demand generation programs to the next level. Marketing automation software's unique design helps manage relationships with the past, present and future clients, consultants, contractors, and even competitors, to ensure that no opportunity for acquiring a new project is overlooked. There are five core areas of functionality that are essential for any good marketing automation system. All the five are listed below – 1 Contact Data Integration 2 Response Management 3 Lead Management 4 Campaign Automation 5 Marketing Business Intelligence www.customercentria.com
  • 9. Marketing Automation and Marketing Channels Now that marketing automation gained prominence and campaign management became inevitable, the challenge for organisations was identifying the best way of communicating with the customers so that they get the right offers at the right time and that would have happened without reaching customers via predominant medium called 'Channel'. With the advent of technology and ease of using it, today there are various channels to reach customers based on their preference and liking for a particular channel. Some of the most commonly used channels today include Email, SMS, Call Centre (Inbound and Outbound), Direct Mailers, Print Media, TV, Radio, Billing Systems, POS, and ATM etc. All channels are not applicable to all verticals, but most of them would have some channels in common for e.g. an Email, SMS or Call Centre. Leveraging the potential of existing channels to their maximum capacity and ability was the next challenge organisations faced, as the modern customer was very particular about the communication and its mode as well. Selecting the most preferred channel for the target customers was top priority, as a varied choice of communication channels also meant intelligent decision-making on part of the marketers. This is where the Campaign Management component of Marketing Automation plays an important role, running campaigns that result in data enrichment and address the right customers. www.customercentria.com
  • 10. The evolution of marketing channels enabled personalised communication in various ways for e.g. Promotions, Personalised offers, Anniversary/Birthday Wishes, Loyalty related updates and lots more. The idea was to keep in touch with the customer, and at the same time encourage him to buy what he likes and also what he/she 'might' like. This approach led to a communication revolution, as organisations adopted Channel Marketing Strategies that allowed organisations to make choice of channels based on following factors: For organisations, channels have became the next big medium to reach their consumers – a tool with the power to motivate and inspire their existing customers to buy their products and prospective customers to consider their brands. Channel strategy includes recommendations for both identifying and managing channel partners. Channel marketing is a dynamic and complex arena where mistakes can prove costly and extremely difficult to correct. To formulate and execute a channel strategy, organisations must follow these steps: 1 Understand the channels that are available. 2 Identify the need, based on organisation's objectives and the preferences of customers. 3 Generate a list of likely channel partners. 4 Recruit channel partners to work with. 5 Manage the channel partners on an on-going basis. www.customercentria.com
  • 11. Bottomline: We saw the evolution of CRM from a Data Warehouse to its smart utilisation for implementing Marketing Automation. With the growing acceptance of CRM and Marketing Automation, organisations opted for Multi- Channel Campaigns, and some obvious questions popped up: Are you engaging your audience with targeted, relevant and personalised content? Are you delivering your message through your customer’s preferred media? www.customercentria.com
  • 12. customer centria The Customer Engagement & Experience Company Multi-channel Customer Management www.customercentria.com
  • 13. How to channel the process of Multi-Channel Integration Moving on from Customer Relationship Management (CRM) and its significance in the lifecycle of an organisation, the journey gets more challenging and innovative. With the evolution of CRM and Marketing Automation, various factors came into play, affecting marketing decisions and campaign management. The dynamics of the game have changed radically, and today technology, user expectations, and stiff competition, are increasingly forcing enterprises to support their customer service operations through various effective delivery channels. It all started with walk-ins, leading to a strong dependency on call centres – but in current times, the proliferation of the Web has inflated customer expectations, as they want their requests – whether information related or service related - to be fulfilled fast, almost real-time. Considering these factors, managing customer relationships, is deeply connected to marketing strategies, with an aim to generate a 360-degree view of the consumer. Websites, email, direct mail, text messaging, and call centres are all key elements to an integrated marketing program, but a coordinated multi-channel program takes it to the next level by incorporating data and new marketing technology for better response rates. Technology, customer expectations, and competitive forces, are increasingly compelling enterprises to support customer service operations through several delivery channels. 80% of shoppers are more likely to do business with a retailer who offers them easy and flexible interaction across all channels by means of Multi-Channel Integration. At the same time, 70% of all retailers find cross-channel customers more profitable because they spend more - Recent NCR Poll Multi-Channel Customer Management covers the design, deployment, coordination, and evaluation of channels through which enterprises and customers interact, with the goal of enhancing customer value through effective customer acquisition, retention, and development. An enterprise comes across the following prominent challenges when it comes to designing a multi-channel framework for customer management : www.customercentria.com
  • 14. 1. Data Integration across Channels Enterprises typically viewed each delivery channel as a separate entity. However, with each delivery channel being separate and operating in isolation, each with its own data, leveraging information across a multitude of customer contact channels was not possible. Neither was it possible to provide a consistent customer service experience. Due to lack of a single information repository, companies traditionally spent large amounts of time and money writing integration programs to communicate between disparate systems. In such a complex setup, the systems will rarely operate in real time, delaying data synchronization. This can cause embarrassment to companies and aggravation to customers, when updates to one channel are not reflected immediately in the others. The second issue is that it adds overhead. The integration must be implemented, administered, and maintained independently of the actual customer service applications for each delivery channel. The problem, complexity and costs are magnified each time a change is made to a channel application. To resolve this issue, multi-channel integration is imperative. The ideal position for a firm would be to have complete Customer Data Integration (CDI), or an integrated, single view of the customer across the channels. The ideal database would depict which channel(s) each customer accessed during each stage of the decision process, including competitors' channels. In turn, CDI gives rise to the following questions: Which data needs to be integrated? Is it sufficient to integrate purchase data only, or should search data also be integrated? Which marketing activities benefit from integration? Cross selling is an obvious beneficiary, but what about other marketing activities benefit? What is an acceptable level of data integration? Is it 100% necessary? Does data integration pay off? Is it worth the investment to derive a single view of the customer? 2. Understanding Customer Behaviour-time Managers must understand how customers choose channels and what impact those choices have on their overall buying patterns. Therefore, the key questions pertaining to customer choice include the following: In turn, CDI gives rise to the following questions: What determines customer channel choices? What channel attributes are important? Do marketing communications influence channel choice? Is a multi-channel approach means to segment customers? That is, are there distinct segments of consumers who use various channels and combinations of channels? Do customers make channel decisions according to the channel or the firm? Does the customer first say, “I will check out a few websites of retailers that sell HDTVs,” or does he/she say, “I will check out Sony’s website, then go to the store to get a better look”? Similarly, during the search stage, do customers consider firms at all? What is the impact of the multi-channel environment on customer loyalty? Does a multi-channel strategy grow sales for the firm? www.customercentria.com
  • 15. 3. Channel Evaluation When the firm has gathered data and obtained an understanding of the consumer decision process, it can evaluate channel performance. The key questions in this step include the following: What is the contribution of an additional channel to the firm? If the firm were to add a channel, what impact would it have on sales and profits? What is the contribution of each existing channel? This input can be difficult to assess when the contribution of a channel emerges during the search phase and the company lacks an integrated database of search and purchase across customers. What channels synergise best with others? The full impact of the firm’s set of channels should be more than the sum of the parts, and synergies should exist, but which are the best? 4. Allocation of Resources across channels The firm's channel policy is manifested in its resource allocation. Therefore, key questions include the following: What is the optimal channel mix? How necessary is a web presence? What is the impact when channels are removed or downsized? How should marketing resources be allocated across channels? How much should be spent designing and developing each channel, and should advertising and promotional activities be designed to drive customers to specific channels, or should they be channel neutral? What determines the equilibrium of channel structure in an industry? Should all firms offer the same channels to customers? Will firms differentiate their channel strategies? 5. Organisation Structure and Cross Channel co-ordination According to US online marketers surveyed in June by an interactive marketing agency Zeta Interactive, their organisational structure was the top problem, suggesting many companies are still keeping marketing activities soloed rather than working to coordinate them. Technology and the problems of working with multiple vendors and agencies were also an issue, along with a simple lack of cross-channel expertise. While most marketers know the benefits of channel integration, the limitations of a soloed organisation are currently the primary reason for companies not integrating their marketing efforts. It’s tough for managers to co- ordinate the objectives, design, and deployment of channels. The dilemma is the degree of channel co-ordination that can range from complete separation to full co-ordination. www.customercentria.com
  • 16. 6. Current Technology Investment and extensive usage of technology is another major factor, which impacts multi-channel integration, as many enterprises have already invested profoundly in technologies that support separate systems. To connect all of them would mean implementing integration at the enterprise level, which might demand a technology change that involves a major cost. 7. Cross Channel Expertise An emarketer report revealed that 43.3% of senior marketers in the United States consider cross-channel coordination of marketing campaigns as extremely vital and 46.4% consider it as vital. One of the major problems that marketers face when firms go for enterprise-wide channel integration is lack of cross channel expertise on part of marketers. This results in resistance to multi-channel integration as touch points are not lucid and ease of moving from one channel to another is not known. Marketers must overcome their own organisations’ hurdles to cross-channel integration in order to effectively achieve their goals, breaking down structural silos and educating themselves about integrated marketing best practices to overcome other logistical challenges and achieve coordinated campaigns. www.customercentria.com
  • 17. Approach A growing segment of customers, today demands lower prices, higher quality, better selection, and round-the-clock access. They expect to reach organisations (banks, retailers etc.) through all possible channels. Organisations by now have inferred the need for customer communication via multiple channels and realised the necessity of reaching customers via multiple channels. But the challenge lies in setting up a centralised environment to develop, execute and monitor campaigns across multiple channels which will allow them to achieve better visibility into effectiveness of marketing spend. As mentioned earlier in the document, websites, email, direct mail, text messaging, and call centres are all key elements to an integrated marketing program, but a coordinated multi-channel program takes it to the next level by incorporating data and new marketing technology for better response rates. @ Campign Management Planning (Marketing Calendar) Direct Mobile Mail E-Messaging Devices Outbound channels Contact Optimization Centralized Centralised Offer decision engine Management Budgeting - Centralized business rules Customers - Arbitration logic - Business constraints Inbound channels - Customer contact policies Interaction Management Branches/ Contact Stores Centers Websites Operational Analytical Data Store Data Store Source: Forrester Research, Inc. Integrate Inbound and Outbound Marketing Programs “Marketers know they need to execute multi-channel programs to reach their target audience with a tailored message at the right time using the right media. Their biggest challenge to all but the simplest of programs is architecting and executing in a manner that minimises the cost and complexities that are inherent when you deploy with varied work flows, multiple data processes and vendors for each channel.” - Philip Chischportich, CEO of Conversen, a leading multi-channel technology firm. www.customercentria.com
  • 18. The challenges and complexity of multi-channel marketing can be overwhelming, but before organisations take to an approach, there are four key steps which prove useful in laying a strong foundation to the approach – Select a multi-channel strategy that creates an advantage and benefit for your consumers, such as the ability to check the availability of an item prior to visiting the store. Define a Multi-Channel network architecture that clarifies channel roles and investment priorities from customer value-based perspective Manage customer experience seamlessly on a cross-channel basis and consistently deliver the brand promise Build capabilities needed to market a multi-channel enterprise – this can be achieved by making sure that CRM capabilities enable multi-channel management Multi-Channel Customer Management Framework Organisations must follow an approach, which will enable them to do the following: Assess their present state of multi-channel capabilities to identify areas within their business and IT landscape that can be optimised for improving the multi-channel capability. Assess their present state of channel integration across people, processes and technologies to identify potential gaps and challenges in the individual channels. Define the future state, based on the current level of multi-channel maturity and customers' business goals Evaluate the scalability and relevance of the existing systems/technologies with respect to the new multi- channel requirements Formulate a transformation and technical roadmap for implementation of the defined multi-channel strategy Implement the defined multi-channel initiatives Monitor, support and perform continuous improvements A typical approach that organisations can take to implement multi-channel integration is shown below - A Framework for Multichannel Customer Management Consumer Channel Perceptions and Preference Search Purchase After Sales Post Evaluation Channel Ak Channel Ak Channel Ak Problem Recognition Channel Bk Channel Bk Channel Bk Data Channel Strategy Channel Evaluation Channel Coordination Resource Allocation - Price, Production, Promotion - Channel selection - Design, Distribution, Service - Investment SOURCE: Adapted from Blattberg, Kim and Neslin (2006). www.customercentria.com
  • 19. The above figure shows a framework that joins the customer's and the firm's decision processes. Step 1 - Customer progresses through need recognition, information search, purchase, and after-sales service. For example, a customer may realise he or she needs life insurance. The customer searches various channels for information about life insurance, decides on which channel to make the purchase, and then receives sales support (advice on increased coverage, etc.) via a particular channel. Step 2 - First, customer perceptions and preferences drive channel choices (e.g., the customer may prefer the Internet for search because it is easy to use). Step 3 - Second, the customer learns from and evaluates his or her experiences, which feed back into the perceptions and preferences that guide his or her next shopping task (e.g., the customer may learn that the Internet search did not answer all the important questions). Step 4 - Third, the customer chooses both channels (A or B) and firms (k), so from the customer's perspective, it's a two-dimensional choice. Typically, the management decision process starts with data generated by the customer decision process. These data are at the customer level—what channel(s) did the customer use for which purpose, and what did he or she purchase? Consistent with the emphasis on the customer, the firm's decision process is driven by such customer- level data. After the data have been assembled, the firm evaluates its channels (Are they profitable? Are they serving the purposes for which they are designed?).With this knowledge in hand, the manager can specify a multichannel strategy (which channels to employ, how to design them, how to allocate resources across channels) and a marketing plan (pricing, assortment, service levels) for implementing the strategy. www.customercentria.com
  • 20. Based on the challenges mentioned in previous section and the framework presented in this section, organisations would want to follow an approach that covers the following - 1 Integration of customer data to create a Customer Data Integration (CDI) source, which would provide a single customer view resulting in prompt analysis of customer data. 2 Understand customer behaviour based on customer data within CDI. 3 Once organisations get handle over customer behaviour, the next step would be to determine customer's channel choice, there could be various variants like marketing efforts, channel attributes, social influence, situational influence etc. which determines his/her channel choice. 4 Once organisations get to know customer's choice of channel, it's important to evaluate the profit contribution by all the channels used. 5 Based on valuation, organisations would want to allocate resources like marketing spend and other resources to most valued channels, for e.g. if one particular channel valuation indicates that that channel to be the most preferred and most profit contributing for customer acquisition then allocate maximum resources to further increase the acquisition. 6 Organisations should look to entail channel co-ordination strategies by developing channel synergy based on aspects like customer segmentation and functions. For e.g. some customers might use Internet to search about a product while another customer might choose to use call centre services for product information. Organisations need to ensure that profit-driving factors like product rice need to be consistent across channels. This is a generic approach, which can be utilised across verticals, but the degree of overcoming the challenges could be different for each vertical based on what all channels are applicable, customer segment, technology used and other factors. www.customercentria.com
  • 21. Benefits With a Multi-Channel solution and framework is in place, organisations will realise the following benefits– Unified view of customer across multiple channels Identification and capture of opportunities for increasing value per customer Streamlined cross-channel order fulfilments' through integration of all management systems involved Increased choice for customers in the way they can interact Ability to switch between the channels depending on customer preference and interaction type 360-degree view of customers and unlimited personalisation and targeted promotions through cross- channel customer data integration and analysis. Increase of efficiency through sharing of process, technology and information Increased customer loyalty through cross-channel loyalty programs, where customers can earn points or credit that can be accumulated and redeemed from any channel. 24 x 7 customer support by leveraging increased customer touch time across the multiple channels Consistent brand, product, price and promotional information across all channels Increased convenience and improved experience to customer Increased organisational flexibility Increased efficiency in exploiting customer data to identify customer needs Bottomline By now, we realise that a multi-channel framework helps achieve a unified view of the customer. This leads to better effectiveness and convenience for organisations in terms of capturing data coming via various channels. What next? The incoming information or data comprises of feedback, criticism and many individual views and thoughts – all these demand attention and action post analysis. In the next and last part of the whitepaper, we will look at Customer Response Management, which is a key challenge in a multi-channel environment due to the diverse nature of channels. The stress will be on how channels integrate and how the response received from the customer is managed and exchanged by various channels to generate positive brand value and higher business returns. www.customercentria.com
  • 22. customer centria The Customer Engagement & Experience Company Customer Response Management www.customercentria.com
  • 23. The strategic art of Customer Response Management With the implementation of Multi-channel Integration and Framework, the complexities and challenges related to working with various channels are managed effectively. And next comes the most critical organisation- customer conversation byte - customer response and customer feedback! This section will talk about gathering and utilising customer response and feedback via the numerous channels available in today's time, and leveraging it productively to gain maximum benefits. When it's about understanding the customers' needs, wants, apprehensions and concerns – there's only one secret - 'leveraging customer feedback fully'. And that is not limited to only collecting feedback, but analysing, managing and acting upon the data to improve the organisation-customer relationship. Today, customer feedback is overwhelming, sometimes streaming simultaneously from a large number of channels - in-person, call centre, surveys, email, social networking and mobile devices – with new channels opening up each day. Organisations today, are dealing with a multi-channel response interface, and the challenge is to streamline the data coming in from various sources. The need is to understand how the various communication channels integrate and how the response received from customers is handled and exchanged by various channels. The nature of communication channels involved, varies from one vertical to another, for e.g. in a banking environment if the bank has a 'Core Banking System' in place with rich data containing valid email ids and mobile numbers, the banks would prefer to target the customers via Email and SMS, while in case of a telecom company, Call Centre could be a more lucrative option as that would turn out to be more cost effective, but challenges exist in either case. The biggest challenge in a multi-channel environment where marketing automation system is implemented for targeted campaigning, is seamless response capture, which will help organisations to measure the campaign effectiveness. Response received via every communication channel is in a different format, but the bigger challenge is to relate the response with campaign, and ensure that the response received is due to a particular campaign. This is where a strong integrated multi-channel framework comes into picture where the response received from various channels can be related to the campaign and logged in the response history for further analysis. Different campaign management systems have different ways of tracking the response and this is where Customer Centria comes into picture. Customer Centria liaises with various channel partners and provides an integrated solution for response management, which enables the customers to track the responses coming from multiple channels. www.customercentria.com
  • 24. Customer Centria helps an organisation in implementing end-to-end campaign management capability, which allows the organisations to reach their customer via multiple channels and at the same time provide the customer with multiple options that will allow organisations to not only track direct but also help them track inferred responses. Response management helps the organisation to track offer performance, segment performance, customer behaviour, contact v/s response ratio etc. Customer Centria shares its best practices for optimizing the cross channel response, as it helps organisations in obtaining not only the response rate ratios for all the channels, but also accomplish ROI for a particular campaign. The following sections in brief, state on account of response capture services which Customer Centria facilitate for most common channels, which are currently used across various industry verticals. The brief description provides an insight into what level of response can be captured when it comes to an individual channel and how it works when a channel integration framework is in place. Response Management via Email Email is one of the most popular channels these days, as the urban customer prefers to receive all the communication via electronic mail. It not only allows them to visit the emails as and when convenient, but also provide them sufficient information online and thus reduce the need to visit stores and shops. When it comes to managing customer response via email, the organisations have to decide what all responses need to be captured as in case of email there could be multi-level response capture – 1 First level response like opens, views, click through, bounces etc. that provides an insight into customers' interest in the communication sent to him/her. 2 Second level responses, related to first level of responses like mail, open or click through etc. The extent of response capture via email depends on the organisation; some organisations would opt for capturing the first level of response and based on that target customers via other channels. Similarly other organisations would wish to capture second level responses, which might lead to involvement of other channels like a ecommerce portal (in case of click-through) or outbound call centre (in case of a customer reply to the marketing communication). Customer Centria provides an end-to-end response management solution for email, as the first level of response can be provided via in-depth reports, allowing marketers to gauge the targeted customers' interest based on the action taken by customers on the communication received for e.g. Unique Views, Unique Clicks, Total Bounces – Hard and Soft both etc. Customer Centria also provides custom response solutions to capture customers' interest, based on actual replies to the email or customer's action on the website as a result of click through or an inbound call to the call centre as a result of the email communication. www.customercentria.com
  • 25. Response Management via SMS Like email, SMS also is one of the most popular and widely used communication channels due to mobile revolution and cost effectiveness. Typically, SMS is used widely for targeting a large segment of customers, keen on receiving messages on the move unlike emails. Response capture via SMS also could be multi-level and based on what level of response tracking organisations wish to carry out. Like email, SMS could also have a multi-level response capture – 1 First level response capture could be based on the Delivery Report (DLR) received by the SMS service provider, which would provide organisations an account of the number of messages sent, received and not received. 2 Second level response capture are actual customer replies to the SMS, based on the keywords sent as part of the communication. These replies result in helping organisations to conclude customers' interest in the offer sent to him/her via SMS. Again as in the case of email, the extent and level of response capture via SMS would depend on the organisations. Customer Centria provides an end-to-end solution for customer response management via SMS by providing services like contact history updates in case of first level of response capture via SMS or further contact management based on customers responding via keywords or customers calling inbound with requisite response code, which enables identification of campaign via which they were targeted. Response Management via Call Centres In a recent survey by CRM Daily, it was quite evident that to be competitive and customer centric, organisations need to have a sophisticated call centre, which would offer its customers the choice of as to how he/she would like to engage with the company. Call centre is one communication media, which provides the following three different service models – 1 Immediate Assistance - The immediate assistance service model is typically delivered by live agents in a call centre, but it can also be delivered via Web chat, and even through immediately escalated e-mail. 2 Deferred Assistance - is typically provided again by live agents responding to e-mail and voice messages, although automated response applications remove the live agent from the process. 3 Engaging with company via self-service - is typically delivered over the Web in the form of knowledge base information or over the phone via an IVR. www.customercentria.com
  • 26. The degree to which these three service models are integrated, determines how intelligently and cost-effectively a company can respond to a customer need. These service models usually are designed around proprietary hardware and software solutions in a silo fashion, with little to zero integration. Customer Centria allows organisations to integrate with any or all the above service models as the integrated customer response solution allows every customer contact to be evaluated based on the history and relationship of the customer with the company. In this way, companies can respond immediately to highest valued or highest priority customers, regardless of how they chose to contact the company (phone, e-mail or Web). Customer Centria's integrated response solutions will also enable the organisations to leverage their lead management systems via call centres, thus enabling end-to-end lead management and response capture for closed leads, which may or may not result in business thus providing apt reasons for the leads which got closed. Contact Centre today needs to be fully integrated with other commonly used channels like email and SMS, as interest shown by customers needs to be captured as leads. Based on target being existing customers or other prospects, the leads are generated in the associated lead management system, which is not only tightly integrated with the call centre application, but also with CRM that provides the information of existing customers. Customers like being recognised; hence such an integrated framework has become a necessity for all organisations who wish to implement marketing automation via campaign management. Response Management via Web Certain segment of customers is web savvy and prefers to receive offers communication via web. This prompts all large organisations to have B2C ecommerce portals, which not only enable customers to visit and spot offers but also avail those offers online. Personalised email communications with the appropriate links, allow the customers to land on the requisite portals and avail offers online. Tracking response of an offer availed online is quite challenging as it involves passing of campaign related parameters to the portal team who then have to maintain and track the response against the response code, which is campaign recognisable. Customer Centria help organisations execute campaigns and measure the responses based on – 1 The traffic that online offer brought to the business or website 2 The portion of that traffic that converted into customers or serious prospects 3 The amount of visibility the company received to build brand recognition 4 The return on investment of the expense of the campaign versus the results Customer Centria employ its best in-class response solutions, which enable organisations to easily track results for the online adverts. This solution would not only help measure responses, results and ROI for the effective online ads, it might also report ineffective communication on account of it being placed on the wrong section of a website thus allowing organisations to continuously improve customer's web experience. www.customercentria.com
  • 27. Internal Resources provision for Response Management In any kind of response management solution, it's difficult to attain an end-to-end solution, which is 100% automatic, and the degree of 100% automation is based on what an organisation can provide to implement a response solution. The figure below shows that it might be possible to attain up to 95% of automation in case of existing multi-channel framework, but organisations may have to live with 5% of manual intervention when it comes to closed loop campaigns. Knowledge Base Track, Manage, Control Track, Manage, Control Receive Analyse Sort Route Respond @ Email AI-BasedParsing Self-learning Templates 95% Auto Multi-Channel Cross- Channel Industry-leading accuracy Easily integrated Web Patented APR Best in class. modular solution Semi-auto SMS Agents/Experts IVR Manual Branch 5% CRM, ERP, CTI, Databases... Source - Attensity In a multi and cross channel environment it's difficult to achieve 100% automation and the extent of automation would depend on the organisation being able to provide all or most of the following internal resources while they look to implement an end-to-end campaign management solution – Metrics and ratios Incentives and offers and means to fulfil them Purchaser or lead-generation criteria Customised landing pages Customised ad creative Customised e-mail creative Tracking codes (implemented for ad creative as well as on web pages) Delivery, tracking, and analysis systems Frequent data analysis and decision-making to retain or remove campaign components Transaction funnel (tweaks might need to be made to shopping carts or inquiry forms to help improve conversions) Call Centres/other customer service or sales inquiry management Specific plans for how to process and use any data captured, such as integration into a CRM (define) Re-marketing plans www.customercentria.com
  • 28. Provision of above-mentioned resources will help Customer Centria to provide an end-to-end campaign management solution that will also allow proposing a solution, which will have workarounds in case any resource can't be provided as required. Business Benefits of Response Tracking Since organisations employ multiple channels when it comes to customer contact management, they reap various business benefits from response tracking done for various channels used for customers to respond to marketing communications. A list of benefits is as mentioned – 1 Response tracking via mobile allows the marketers to track message delivery rate, response rate and sales conversion rate for a campaign thus resulting in better ROI. 2 Response tracking via emails allows marketers to track responses like mails opened, mails replied to, mails bounced thus allowing them to augment Know Your Customer (KYC) metrics by discarding customers who can't be contacted via emails and having more reliable contact data. 3 Similarly tracking actual responses via email results in locating the interested customers and further allows marketers to approach those customers via different touch points, leading to strong customer relationship and enriched data in CRM. 4 Response tracking via email also helps in strengthening the customer relationship via personalised communication, which helps the customer feel that organisations set high KYC standards. 5 Response tracking via web through personalised landing pages and personalised offers based on strategic customer segmentation allows organisations to understand customer behaviour and his/her inclination towards the offer. 6 Customer validation once the customer makes an inbound call is also result of the effective response tracking, as the CRM is enriched with customer data when an individual transforms from a prospect to a customer. 7 Response tracking allows organisations to drastically improve the response rates through personalisation and message tailoring. www.customercentria.com
  • 29. 8 Multi-level response tracking involving multiple touch points enable organisations to achieve multi-tiered marketing initiatives. 9 Response tracking is not only useful in tracking the direct and inferred response, but might also be used to help organisations reap the benefits of Viral Marketing, resulting in customer retention and customer acquisition. 10 In an existing multi-channel environment, organisations have the option of intermixing several other media platforms, for e.g. SMS promotions can be combined with radio, billboard and television ads, the existing response tracking framework can be extended to track responses from various other channels thus extending the channel span to communicate with the customers. Create Campigns Generate Program Reports Management Enhance ROI Manage Order List Fulfillment Track Responses The bottom line - Implementation of an end-to-end campaign management solution results in proper leads management, lifts in response rates, improves sales conversion leveraging internal resources and helps cut marketing costs considerably. www.customercentria.com
  • 30. On the whole, an organisation could have following benefits under various heads – Business Benefits Reduced Operational Costs and Increased Productivity Redefined Customer Service Excellence Improved Control and Manageability Technology Benefits Based on Marketing Automation tool, modelling business processes and ensuring SLA adherence Multi and Cross Channel response and queue management Comprehensive batch and real time (custom) reporting and visibility into customer response processes Supporting multiple departments and multiple business units via single deployment Feeding from existing CRM, ERP, Web Logs etc. Gathering customer feedback is not just about identifying consumer concerns, but also about consolidating a concrete understanding of what the customer needs or wants. By capturing and structuring all feedback into a single centralised system and using it across the company, organisations can get access to valuable consumer insights. This helps organisations identify and acknowledge important trends and patterns in the consolidated data that contributes heavily to business and marketing decisions. We conclude this whitepaper that attempted to bring out the history and evolution of CRM, the integration of multi-channel framework and leveraging customer feedback to the maximum. It's only when all these factors complement each other and contribute extensively to the organisation-customer relation and conversations, that any company can achieve the desired business objectives and higher revenue generation apart from strong loyalty management. About Customer Centria Customer Centria (CC) is a global multi-channel customer engagement and experience company that enables enterprises in their customer engagement strategies by powering them with customer-centric products, solutions, services and consulting. CC helps create opportunities for brands to interact with customers enabling delightful experiences throughout the engagement lifecycle. CC offers a complete bouquet of services from marketing automation, analytics & insights, interactive marketing, virtual experiences to loyalty management. CC has proven capabilities across all major industries with proven track record and accomplished results in sectors such as Banking, Financial Services, Insurance, Retail, Telecom and Consumer Goods. www.customercentria.com