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eCRM

 tsnethra@gmail.com
    NIFT Bangalore
►   As the internet is becoming more and more important
    in business life, many companies consider it as an
    opportunity to reduce customer-service costs, tighten
    customer relationships and most important, further
    personalize marketing messages and enable mass
    customization.

►   Together with the creation of Sales Force Automation
    (SFA), where electronic methods were used to gather
    data and analyze customer information, the trend of
    the upcoming Internet can be seen as the foundation
    of what we know as eCRM today.



                        tsnethra@gmail.com
                           NIFT Bangalore
We can define eCRM as activities to manage customer
  relationships by using the Internet, web browsers or
other electronic touch points. The challenge hereby is to
offer communication and information on the right topic,
 in the right amount, and at the right time that fits the
                customer’s specific needs.




                        tsnethra@gmail.com
                           NIFT Bangalore
►   Technology, most companies are still struggling to identify
    effective entries in Virtual Worlds. Its highly interactive
    character, which allows companies to respond directly to any
    customer’s requests or problems, is another feature of eCRM
    that helps companies establish and sustain long-term customer
    relationships.

►   Furthermore, Information Technology has helped companies to
    even further differentiate between customers and address a
    personal message or service.




                             tsnethra@gmail.com
                                NIFT Bangalore
►   Personalized Web Pages where customers are recognized and
    their preferences are shown.

►   Customized products or services (Dell).

►   CRM programs should be directed towards customer value that
    competitors cannot match. However, in a world where almost
    every company is connected to the Internet, eCRM has become
    a requirement for survival, not just a competitive advantage.




                              tsnethra@gmail.com
                                 NIFT Bangalore
Different levels of eCRM
    In defining the scope of eCRM, three different levels can be
    distinguished:

►   Foundational services:
    This includes the minimum necessary services such as web
    site effectiveness and responsiveness as well as order
    fulfillment.




                             tsnethra@gmail.com
                                NIFT Bangalore
► Customer-centered          services:
  These services include order tracking, product configuration
 and customization as well as security/trust.


► Value-added     services:
  These are extra services such as online auctions and online
 training and education




                          tsnethra@gmail.com
                             NIFT Bangalore
►   Self-services are becoming increasingly important in CRM
    activities. The rise of the Internet and eCRM has boosted the
    options for self-service activities.

►   A critical success factor is the integration of such activities into
    traditional channels. An example was Ford’s plan to sell cars
    directly to customers via its Web Site, which provoked an
    outcry among its dealers network.




                                tsnethra@gmail.com
                                   NIFT Bangalore
►   CRM activities are mainly of two different types. Reactive
    service is where the customer has a problem and contacts the
    company.

►   Proactive service is where the manager has decided not to wait
    for the customer to contact the firm, but to be aggressive a
    contact the customer himself in order to establish a dialogue
    and solve problems.




                             tsnethra@gmail.com
                                NIFT Bangalore
Why is eCRM such a hot topic?
►   As you can see from the above list of areas that eCRM could be
    described as covering, it has been seen as the magic wand that
    will bring the following:

    - Better levels of customer service
    - More effective customer lifecycle management
    - A single ‘360 degree’ customer view
    - Higher sales (better conversion rates etc.)
    - User-generated content
    - Decreased costs (through customer self service etc.)



                              tsnethra@gmail.com
                                 NIFT Bangalore
How do you go about it?

► Itwill depend on which flavour of eCRM you’re trying
  to implement. However, having a user profile
  database is fundamental to most flavours of eCRM
  and essential for effective analytics and
  personalization.




                       tsnethra@gmail.com
                          NIFT Bangalore
►   Here are some of the things you will need to do in
    implementing such an eCRM strategy:

-   Terms of Reference
-   Commercial Scope
-   Customer Insight
-   Data capture and analytics
-   Business Case and Implementation path
-   Do and Review




                            tsnethra@gmail.com
                               NIFT Bangalore
►   eCRM, electronic Customer Relationship Management is an
    integrated online sales, marketing & service strategy that is
    used to identify, attract and retain an organization’s customer.

►   It describes improved & increased communication between an
    organization & its clients by creating & enhancing interaction
    through innovative technology

►   eCRM software provides profiles & histories of each interaction
    the organization has with its customers, making it an important
    tool for all small & medium businesses




                              tsnethra@gmail.com
                                 NIFT Bangalore
eCRM software systems may contain a
selection of the following features

► Customer   management:

► Knowledge   management:

► Account   management:




                    tsnethra@gmail.com
                       NIFT Bangalore
► Case   management:

► Back-end    Integration:

► Reporting   & analysis:




                       tsnethra@gmail.com
                          NIFT Bangalore
Benefits of eCRM
►   Implementation of eCRM system enables an organization to
    streamline the processes and provides sales, marketing, &
    service personnel with better, more complete information.

►   Direct benefits of an eCRM system includes:
-   Service level improvements
-   Revenue growth
-   Productivity
-   Customer satisfaction



                             tsnethra@gmail.com
                                NIFT Bangalore
Thank you

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E crm1

  • 1. eCRM tsnethra@gmail.com NIFT Bangalore
  • 2. As the internet is becoming more and more important in business life, many companies consider it as an opportunity to reduce customer-service costs, tighten customer relationships and most important, further personalize marketing messages and enable mass customization. ► Together with the creation of Sales Force Automation (SFA), where electronic methods were used to gather data and analyze customer information, the trend of the upcoming Internet can be seen as the foundation of what we know as eCRM today. tsnethra@gmail.com NIFT Bangalore
  • 3. We can define eCRM as activities to manage customer relationships by using the Internet, web browsers or other electronic touch points. The challenge hereby is to offer communication and information on the right topic, in the right amount, and at the right time that fits the customer’s specific needs. tsnethra@gmail.com NIFT Bangalore
  • 4. Technology, most companies are still struggling to identify effective entries in Virtual Worlds. Its highly interactive character, which allows companies to respond directly to any customer’s requests or problems, is another feature of eCRM that helps companies establish and sustain long-term customer relationships. ► Furthermore, Information Technology has helped companies to even further differentiate between customers and address a personal message or service. tsnethra@gmail.com NIFT Bangalore
  • 5. Personalized Web Pages where customers are recognized and their preferences are shown. ► Customized products or services (Dell). ► CRM programs should be directed towards customer value that competitors cannot match. However, in a world where almost every company is connected to the Internet, eCRM has become a requirement for survival, not just a competitive advantage. tsnethra@gmail.com NIFT Bangalore
  • 6. Different levels of eCRM In defining the scope of eCRM, three different levels can be distinguished: ► Foundational services: This includes the minimum necessary services such as web site effectiveness and responsiveness as well as order fulfillment. tsnethra@gmail.com NIFT Bangalore
  • 7. ► Customer-centered services: These services include order tracking, product configuration and customization as well as security/trust. ► Value-added services: These are extra services such as online auctions and online training and education tsnethra@gmail.com NIFT Bangalore
  • 8. Self-services are becoming increasingly important in CRM activities. The rise of the Internet and eCRM has boosted the options for self-service activities. ► A critical success factor is the integration of such activities into traditional channels. An example was Ford’s plan to sell cars directly to customers via its Web Site, which provoked an outcry among its dealers network. tsnethra@gmail.com NIFT Bangalore
  • 9. CRM activities are mainly of two different types. Reactive service is where the customer has a problem and contacts the company. ► Proactive service is where the manager has decided not to wait for the customer to contact the firm, but to be aggressive a contact the customer himself in order to establish a dialogue and solve problems. tsnethra@gmail.com NIFT Bangalore
  • 10. Why is eCRM such a hot topic? ► As you can see from the above list of areas that eCRM could be described as covering, it has been seen as the magic wand that will bring the following: - Better levels of customer service - More effective customer lifecycle management - A single ‘360 degree’ customer view - Higher sales (better conversion rates etc.) - User-generated content - Decreased costs (through customer self service etc.) tsnethra@gmail.com NIFT Bangalore
  • 11. How do you go about it? ► Itwill depend on which flavour of eCRM you’re trying to implement. However, having a user profile database is fundamental to most flavours of eCRM and essential for effective analytics and personalization. tsnethra@gmail.com NIFT Bangalore
  • 12. Here are some of the things you will need to do in implementing such an eCRM strategy: - Terms of Reference - Commercial Scope - Customer Insight - Data capture and analytics - Business Case and Implementation path - Do and Review tsnethra@gmail.com NIFT Bangalore
  • 13. eCRM, electronic Customer Relationship Management is an integrated online sales, marketing & service strategy that is used to identify, attract and retain an organization’s customer. ► It describes improved & increased communication between an organization & its clients by creating & enhancing interaction through innovative technology ► eCRM software provides profiles & histories of each interaction the organization has with its customers, making it an important tool for all small & medium businesses tsnethra@gmail.com NIFT Bangalore
  • 14. eCRM software systems may contain a selection of the following features ► Customer management: ► Knowledge management: ► Account management: tsnethra@gmail.com NIFT Bangalore
  • 15. ► Case management: ► Back-end Integration: ► Reporting & analysis: tsnethra@gmail.com NIFT Bangalore
  • 16. Benefits of eCRM ► Implementation of eCRM system enables an organization to streamline the processes and provides sales, marketing, & service personnel with better, more complete information. ► Direct benefits of an eCRM system includes: - Service level improvements - Revenue growth - Productivity - Customer satisfaction tsnethra@gmail.com NIFT Bangalore