Ads 468x60px

Pages

Friday, February 11, 2011

Are there any indications of the need for a CRM project?

Not really :)
But one way to assess the need for a CRM project is to count the channels a customer can use to access the company. The more channels you have, the greater need there is for the type of single centralized customer view a CRM system can provide.

How long will it take to get CRM in place?
A bit longer than many software salespeople will lead you to think. Some vendors even claim their CRM "solutions" can be installed and working in less than a week. Packages like those are not very helpful in the long run because they don't provide the cross-divisional and holistic customer view needed. The time it takes to put together a well-conceived CRM project depends on the complexity of the project and its components.

How much does CRM cost?
A recent (2001) survey of more than 1,600 business and IT professionals, conducted by The Data Warehousing Institute found that close to 50% had CRM project budgets of less than $500,000. That would appear to indicate that CRM doesn't have to be a budget-buster. However, the same survey showed a handful of respondents with CRM project budgets of over $10 million.
What are some examples of the types of data CRM projects should be collecting?
• Responses to campaigns
• Shipping and fulfillment dates
• Sales and purchase data
• Account information
• Web registration data
• Service and support records
• Demographic data
• Web sales data



What are the keys to successful CRM implentation?
• Break your CRM project down into manageable pieces by setting up pilot programs and short-term milestones. Starting with a pilot project that incorporates all the necessary departments and groups that gets projects rolling quickly but is small enough and flexible enough to allow tinkering along the way.
• Make sure your CRM plans include a scalable architecture framework.
• Don't underestimate how much data you might collect (there will be LOTS) and make sure that if you need to expand systems you'll be able to.
• Be thoughtful about what data is collected and stored. The impulse will be to grab and then store EVERY piece of data you can, but there is often no reason to store data. Storing useless data wastes time and money.
• Recognize the individuality of customers and respond appropriately. A CRM system should, for example, have built-in pricing flexibility.
Which division should run the CRM project?
The biggest returns come from aligning business, CRM and IT strategies across all departments and not just leaving it for one group to run.

1 comments:

Unknown said...

Nice post.Thanks for sharing.We have interesting information about how Narendra Modi used new age marketing framework, Customer Value Maximization to win Indian Parliamentary Elections 2014.
Visit: Namo Victory Formula

Post a Comment

 

Sample text

Sample Text