Importance of C in CRM

The goal of CRM is to improve the long term growth and of course profitability by having a much more superior understanding of the consumer behavior. And although CRM stands for Customer Relationship Management there is no question that the C in CRM is much more important for its really all about the Customer!

Far too many companies make the mistake of using CRM to focus on Customer Acquisition Management which entails moving potential and existing customers through the marketing and sales process which of course an essential part of CRM and a beginning step but theres plenty of more that you can get from your CRM software.

Recent studies show that fewer than 60% of consumers are happy with the customer service theyve received and thats dropped a whopping 20% in just a couple of years. That means during a time when consumers are demanding more companies are providing less. It also means that with the use of Microsoft Dynamics CRM Software you could become one of the good statistics and very quickly I might add.

The key to good customer service is to combine the power of software, technology, and human skills to provide a holistic approach with all the best elements of customer service.

This concept is all about collaboration by bringing a variety of elements together into a cohesive program that will ultimately improve the bottom line. As weve all heard at some point in our life the sum is greater than its parts and the combining of all these CRM separate pieces into one superb program certainly proves just that.

Used CRM to collaborate means that your customer requests are handled not only by the help desk, they are also helped by the service department, parts department, sales department, and accounting department. But wait theres more marketing gets an opportunity to after sell to the customer introducing them to other similar products they might enjoy or expansions or the existing product. This really is the full meal deal or so often fondly referred to as the holistic approach. Lets break it down a little better for understanding.

• Customer Centric Strategies these are models that are modeled around the customer. Its the center of the wheel with the spokes going out from there.
• Shared Knowledge Base A searchable structured database which can be used to create new plans, organize existing data, and build a rational database about all kinds of things relating to your customer, their purchases, what they are looking to build, and the list goes on.
• Self Service When taken to its full capacity CRM software can be used to add a degree of self service to your customer service. They can create new service tickets, check on balances, check on repair dates or back orders, and a host of other services.
• Roll Based Experience A great way to create easy to use dashboards for reports to managers at all different levels so whether you need to produce a report for hiring or a report for next seasons lines the information is at your fingertips.
• Business Intelligence is definitely where the executives are interested in pulling data for this is where the big decisions are made about expenditures, next seasons orders, how to tighten up spending, and a host of other information and CRM reporting will provide just whats needed.

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