Preview

List Generator: CRM Technologies

Good Essays
Open Document
Open Document
928 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
List Generator: CRM Technologies
1) The marketing department can use the operational CRM technologies of a list generator, campaign management and cross-selling and up-selling. List generators compile customer information from a variety of sources and segment the information for different marketing campaigns. List generators provide the marketing department with a solid understanding of the type of customer it needs to target for marketing campaigns. Campaign management systems guide users through marketing campaigns performing such tasks as campaign definition, planning, scheduling, segmentation and success analysis. Cross-selling is selling additional products or services to a customer. Up-selling is increasing the value of the sale. CRM systems offer marketing departments all kinds of information about their customers and their products which can help them identify cross-selling and up-selling marketing campaigns. These technologies can help increase customer satisfaction which can help create better relationships with customers.
2) The customer service department can use the operational CRM technologies of a contact center, web-based self-service and call scripting. A contact center is where customer service representatives answer customer inquiries and respond to problems through a number of different customer touchpoints. It is one of the best assets a customer-driven organization can have because maintaining a high level of customer support is critical to obtaining and retaining customers. They also track customer call history along with problem resolutions which is critical for providing a comprehensive customer view to the customer service representative. Web-based self-service systems allow customers to use the Web to find answers to their questions or solutions to their problems. Click-to-talk buttons are especially useful as it allows customers to click on a button and talk with a customer service representative via the Internet. Web-based self-service add tremendous

You May Also Find These Documents Helpful

  • Good Essays

    Mkt 220 Test One Review

    • 2104 Words
    • 9 Pages

    Customer Relationship Marketing (CRM) – using information about customers to create marketing strategies that develop and sustain desirable customer relationships.…

    • 2104 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Help Desk

    • 1192 Words
    • 5 Pages

    Call center technology involves the use of call centers that routes the calls to the agents in a round robin fashion. The introductions of end user information systems are changing the future outlook of call centers. Some call centers are now being called contact centers because they also are fielding faxes, e-mail, and Web site hits (Regan, & O’Connor, 2002, Pg. 245). When computer support is bundled with the telephone system, the technology is computer-telephony integration (CTI). The help desk agent answers the phone and pulls up the customer’s information at the same time. The information shows previous problems and how they were handled. This is a technology that is in use by some utility companies. Interactive voice response (IVR) allows the caller to use the telephone keypad or his or her voice to navigate a menu that will result in helping. If help is not available through the menu, callers have the option of…

    • 1192 Words
    • 5 Pages
    Good Essays
  • Good Essays

    It represents a company’s approach to developing full-knowledge about customer behavior and preferences and to developing programs and strategies that encourage customers to continually enhance their business relationship with the company. According to Forbes (2013), Recent studies show that companies with a fully utilized CRM system can increase sales by 29%. Today, more and more companies are adopting customer-centric strategies, programs, tools, and technology for efficient and effective customer relationship management. In-depth analyzes and integrated customer knowledge is needed in order to build close cooperative relationships with their customers and develop a greater degree of integration between marketing, sales, and customer service in organizations. In today’s society, the emergence of technologies is significantly changing how companies interact and communicate with their customers (Rouse, 2014). Customer relationship software consolidates customer information and classifies into a single database so business users can more easily access and manage it. Under the system, each customer will have a profile created with their information, such as purchase history, spending ability and buying preferences. The program also includes contacting the customer through the company's website, telephone, email, direct mail, marketing materials and social…

    • 903 Words
    • 4 Pages
    Good Essays
  • Better Essays

    The CRM system will allow Riordan to analyze customer needs and shape their products to fit those needs. This will allow the firm to strengthen its relationship with its existing customers as well as opening the door to future customers. The CRM system will contain a vast amount of information in order to facilitate this goal. Information from historical sales, marketing research and marketing plans, design awards, the sales database, production records, profit and loss statements, the marketing budget, and the marketing budget anticipated results will all be combined into the CRM. In order for this to be accomplished, many of the files, records, and microfiche will need to be scanned in or converted to an electronic format, or entered manually into the system. Once this data is collected and entered into the CRM, Riordan will be able to analyze and make use the results provided to help strengthen its customer relations. Along with the CRM, Riordan is evaluating a new integrated customer management system for customer records that will unify how each member of the sales team maintains…

    • 2645 Words
    • 11 Pages
    Better Essays
  • Good Essays

    CRM, Customer Relationship Management: strengthening relationships with customers by using internal databases for purposes of direct marketing.…

    • 1453 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Developing close, co-operative relationship with customers is more important in the current era of intense competition and demanding customers, than it has ever been before. CRM is a strategy that can help them to build long-lasting relationships with their customers and increase their profits through the right management system and the application of customer-focused strategies. CRM is a combination of policies, processes and strategies implemented by an organization to unify its customer interactions and provide a means to track customer information. It involves the use of technology in attracting new and profitable customers, while forming tighter bonds with existing ones.…

    • 2588 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Bsc Crm Automotive

    • 3912 Words
    • 16 Pages

    The key to CRM is developing and implementing strategy Customer relationship management (CRM) is as old as the market economy. Sellers try to manage customer relationships to create additional value for their customers and for themselves. So what’s new? Software tools to help you improve customer acquisition and retention, grow your share of customer’s spending and improve understanding of…

    • 3912 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    Customer relationship management systems use technology to organize, synchronize, and automate business practices. CRM systems for marketing help the enterprise identify and target potential clients and generate leads for the sales team. A key marketing capability is the ability to track and measure multichannel campaigns, including email, search, social media, telephone, and direct mail. Metrics monitored include clicks, responses, leads, deals, and revenue. In a web-focused marketing CRM solution, organizations create and track specific web activities that help develop the client relationship. These activities may include such activities as free downloads, online video content, and online web presentations.…

    • 290 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    CRM in telecom industry

    • 1435 Words
    • 6 Pages

    Our CRM solution for telecom helps carriers maximize account potential, increase customer satisfaction and boost revenues. This is achieved by streamlining processes and consolidating customer defragmented data spread across multiple systems, on a single powerful technology platform. CRMnext enables a seamless transformation from a product-centric to a customer-centric organization required to succeed in a competitive market.…

    • 1435 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    Final Assessment

    • 1569 Words
    • 6 Pages

    2. Describe the three (3) primary operational Customer Relationship Management (CRM) technologies a marketing department can use to increase customer satisfaction (List generation; Campaign management, and Cross-/Up-selling).…

    • 1569 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    The five functions of CRM are sales, marketing, support, finance and executive. Some examples that would fall in the sales category would be lead/prospect generation, qualification, distribution, tracking, analysis, reporting, meeting planning, proposal generation and support, and competitive analysis. Some examples of marketing would be campaign management, literature fulfillment, marketing penetration and segmentation, event planning, analysis & reporting, database marketing, list management, product development and support, and RFP support. RFP categorizes customers in detail through three aspects recency, frequency, and monetary. Examples of support would be phone/web/email interactions, help desk, order entry, statements and invoices, credit and collections, web self-service, live-chat, problem resolution, customer implementation, and field support. Examples of finance would be customer profitability analysis, pipeline reporting, statistical analysis, and product launches. Examples that would fall in the executive category would be sales & marketing reporting, analysis, trends, graphs, and summary. Every function of CRM is considered important to a company in implementing a successful CRM system. Customer Relationship Management (CRM) is a customer-centric business strategy with the goal of maximizing profitability, revenue, and customer satisfaction. Technology to support CRM initiatives must be integrated as part of an overall customer-centric strategy. Many CRM initiatives have failed because implementation was limited to software installation without alignment to a customer-centric strategy (http://wikipedia.org/wiki/Customer_relationship_management).…

    • 833 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Crm in Banking Sector

    • 6300 Words
    • 26 Pages

    The CRM system should serve as the method used by a bank to gain insight into their existing and future customer base. It allows the bank to measure the amount of customer business that already exists along with the products and services that need to be offered in order to retain customers. For example, if a current customer maintains his large investment portfolio with a broker dealer, the future value of that customer to the bank is quite great if the customer can be convinced to move his holdings to the bank.…

    • 6300 Words
    • 26 Pages
    Good Essays
  • Satisfactory Essays

    MIS Project #1

    • 638 Words
    • 4 Pages

    CRM for marketing enables companies to engage customers across channels, build pipeline, and demonstrate, helping marketers plan, execute, and measure multichannel marketing campaigns from beginning to end. It helps manage, nurture, and score leads to generate more revenue, while streamlining marketing planning and execution.…

    • 638 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    human resurces

    • 1004 Words
    • 5 Pages

    Firms use customer relationship management(CRM) systems to help manage their relationships with their customers. CRM systems provide informationto coordinate all of the business processes that deal with customers in sales, marketing, and service to optimize revenue, customer satisfaction, and customer retention. This information helpsfirms identify, attract, and retain the most profitable customers; provide better service to existing customers;and increase sales.…

    • 1004 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    • Increasing customer service and satisfaction • Improving campaign management • Moving customers up the relationship hierarchy from strangers to acquaintances to friends to partners 7 CRM & Productivity CRM systems can enhance productivity across the range of key marketing functions such as; • Cross-selling – getting customers to buy other company products and services • Upward migration – convincing customers of the value of ‘trading up’ (ex; Ticket value, Personal Shopper) 8 CRM &…

    • 6555 Words
    • 27 Pages
    Powerful Essays