The document discusses how cloud CRM can help companies go beyond traditional CRM and deliver end-to-end service excellence. It notes that customers are changing and empowered by technology while having higher expectations. Traditional selling and service models are becoming obsolete. The cloud allows companies to be mobile, have complete customer insight, and engage customers across multiple channels to accelerate sales and transform customer service.
4. • How many products
does our average
customer buy?
• How can we induce our
current base to buy more
products?
• Who are the prime targets
for expansion?
• What is the cost of
expansion?
• How can we improve
retention?
• What is our average
customer relationship
length?
• How can we hold
customers for as long as
possible?
• What is the most cost
effective method of
retention?
• What is the best
channel for each
segment?
• What is the acquisition
cost for a channel/
segment?
• Do certain channels
deliver certain types of
customers?
• What is the most cost
effective acquisition?
• Who do we target?
• What segments are most
profitable?
• What segments match
your company’s Value
Proposition?
• What is the best
segmentation strategy for
us/our industry?
DURATION OF CUSTOMER RELATIONSHIP
VALUE($)
Targeting Acquisition Retention Expansion
CRM:
The Framework for Identifying, Keeping and Expanding Customer Relationships
11. 11
Cloud Mobile Networks Big Data
More than 60% of CEOs expect 15-50% of their
earnings growth in the next 5 years to come
from technology-enabled business innovations.
– McKinsey study, 2013 ”
“
Simplicity, time to
value, speed to
innovation, and
extensible platform
Adaptability for the 21st
century workforce,
everything doable from
anywhere
Hyper-connectivity
fueled by digital
communities and
social collaboration
Predictive insight
driven by business
strategy, new product
strategies, new
customer relationships
Transformational technologies have converged
to drive business innovation like never before
12. 12
Focus on
Innovation,
Less on
Maintenance
Manage Costs
and Increase
Productivity
An ever increasing
need to focus on
innovation, faster
time to value
while simplifying
the IT landscape
IT often seen as
bottleneck in
adapting to changes
in business
requirements.
Need to be more
responsive, agile
Pressure on IT
to be more
Agile,
Responsive
Pressure on IT
and Business
to reduce costs
while still achieving
business goals
Why companies are moving to Cloud solutions
IDC: 75% of New IT expenditures will be for Cloud or hybrid systems by 2016
17. DIGITAL DISRUPTS SALES
DIGITAL IS DISRUPTING
CUSTOMER INTERACTIONS
Business customers are 57%
through their buying process
by the first sales call
57%
THE TRADITIONAL FIELD
OF PLAY IS SHRINKING
cost of winning a new customer
vs. growing an existing customer
4 – 10x
AND HOW WE
of companies providing mobile
access to sales & customer
data
are still not satisfied with their
management insight – despite
investments into analytics
<50% 56%
SALES PRODUCTIVITY CONTINUES TO DECLINE …
of time is spent
selling down from
41% (in 2011)
35%
Turnover is up
3 points
20%
To complete onboarding
6 months
18. THE CHANGING B2B CUSTOMER
“59% DON’T WANT
TO INTERACT WITH
A SALES REP”*
*Source: Forrester on B2B
57%
of the way towards making
a decision before reaching
out to a potential vendor.
20. YOUR TOOLS
DON’T DO
WHAT YOU
NEED
OF CRM
DEPLOYMENTS FOR
SALES HAVE POOR
USER ADOPTION.
74%
SOURCE: CHIEF SALES OFFICER INSIGHTS
21. THE NEW RULES
SALES – BE AGILE and DATA DRIVEN
“By 2017, 65% of sales
organizations will use
smart phone and tablets
to drive adoption and
improve data quality for
SFA applications”
Source: Gartner
§ Mobile First - access
information and have complete
visibility from anywhere,
anytime on any device.
§ Have complete insight into the
customer journey from start to
finish, be better informed and
engage at the right moment.
§ Accelerate Sales Productivity
so more time is spent selling
22. SO, HOW DO YOU
SELL SMARTER IN THE
DIGITAL ECONOMY?
34. 53%Abandon a purchase if
they can’t find quick
answers to their questions
Source : Forrester 2016
SERVICE
STARTS
AT THE
BEGINNING
OF THE
BUYING
PROCESS
THE CUSTOMER JOURNEY HAS TRANSFORMED
35. SUPPORT DURING
BUYING PROCESS
AFTER SALES
SUPPORT
ASSISTED SERVICE
§ Chat/Video chat
§ Voice
§ Call Back
§ Email
§ Social channels
UNASSISTED
SERVICE
§ Online Self Service
§ Support
Communities
§ Knowledge
Management
IT’S TIME TO TRANSFORM YOUR SERVICE OFFERINGS …
36. … DELIVER END TO END SERVICE EXCELLENCE …
Field ServiceEngagement CenterSelf Service
INTEGRATION WITH TRANSACTIONAL SYSTEMS
37. … AND LET
YOUR SERVICE
ORGANIZATION
BE A REVENUE
ENGINE FOR
YOUR BUSINESS