Ways CRM Adoption Creates Seamless Revenue Making Opportunities

July 1, 2016
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Make a customer, not a sale – “Katherine Barchetti”

Well, in today’s highly competitive business world it’s not that easy. Building and maintaining customer relationships has become tougher than before. Customers, now have multiple options available right at their fingertips to reach out to your business. So, in order to sustain long-term success, companies need to administer agile technologies for delivering fast and more reliable customer service.

Make a customer, not a sale – “Katherine Barchetti”

Well, in today’s highly competitive business world it’s not that easy. Building and maintaining customer relationships has become tougher than before. Customers, now have multiple options available right at their fingertips to reach out to your business. So, in order to sustain long-term success, companies need to administer agile technologies for delivering fast and more reliable customer service.

These agile technologies create seamless possibilities for improving customer service and deal with customer data more efficiently. Data emerges every second, but bulk of data doesn’t imply better results. Adopting the right tools to transform this data into customer insights actually makes the difference by enabling businesses to make informed decisions and create product lines in sync with the customers’ buying patterns.

Customer relationship management (CRM) software, contact management software are all-in-one solution to manage interactions with prospects, customers, business clients. These technologies are increasingly being adopted by large number of companies to obtain high-quality rewards in terms of improved revenues and customer satisfaction. Well, the CRM technology benefits are some of the obvious reasons behind its increasing adoption rate.

CRM is emerging as one of the leading enterprise software category due to its ability to manage social media, business-to-business transactions and entire customer data on the same platform.

Sales Process Automation

Advanced contact management features of CRM allow marketers to add information comprehensively in customer’s profile such as previous deals information, at what stage of buying process lead is in and use this customer data to customize promotional and special offers. Microsoft dynamics CRM enables you to create effective ad campaigns and identify sales opportunity. With Microsoft Dynamics CRM campaign you can easily assign opportunities to campaign, track its conversion rates, response rates and generate new leads.

According to Aberdeen Research reports, companies that implement CRM solutions have 40% better team attainment of quotas, 14.8% better customer retention rates, and 41.7% better individual sales rep attainment of quotas, as well as take better insights into the sales pipeline. 

CRM solutions allow to automate sales process tasks. By using sales force automation businesses can forecast sales functionalities that helps to figure out future sales figures based upon customers’ buying patterns, historical data and spot under-targeted market segments. Sales force automation is one stop solution to automate sales process by allowing to pull up data from customer interaction modules, and enables to track each user’s activity and create in-depth productivity reports to track each sales representative performance.

Framing Marketing Campaign Using CRM and Social Data

Every action taken by user online is a great source of revenue making opportunity. Users or customers create data every second by answering a survey question, subscribing to newsletter or through any other type of social media engagement which helps to gain better understanding of target audience and customize online experiences accordingly.

Usually based upon email addresses, CRM helps to manage customer data of existing customers and prospects. CRM has immense potential to revamp customer relationships. Microsoft Dynamic CRM gives you flexibility to listen to social media and analyze rate of customer engagement on social media. Combining CRM and social data capabilities, customers information can be categorized to design marketing campaigns which helps to boost up the number of qualified leads.

No more doing the pushing work to let customers use your preferred channels. No more losing track of issues that may arise on changing channels of communication. CRM helps to get a detailed, granular view of customer interactions. Marketers can track and monitor the way customers engage at individual level to frame out a broad overview of brand’s accessibility. Proper analysis of customer behavior and their respective target market helps to develop much more targeted marketing campaigns.

Uniting CRM with Predictive Dialer

One amazing benefit of CRM software is visibility. Visibility adds up efficiency in work process, streamlines the process and makes it more time efficient, all of which leads to better client relationships. Salespeople can take comprehensive view of customer accounts, which makes them more aware of client needs, more responsive and thereby, stimulates sustainable increase in revenue.

CRM can help to reap promising results in contact center. This plays a critical role in improving the call center performance and maximizes its potential of creating more meaningful engagements leading to double-glazing sales number. As, discussed above, CRM offers flexibility to get complete visibility of customer accounts which makes work more efficient and easier to complete.

CRM in combination with predictive dialer , amplifies the business potential manifold. For instance, an inbound caller information can be matched with CRM contact and in case, found contact information, orders and other user activities are shown in agent’s streamlined dialer view. And if a lead is generated while doing cold calling with the help of predictive dialer then it can be sent to the CRM. This way CRM helps to get the best out of both worlds and fastens the call handling process.

Final Takeaway

Administering CRM solutions not only helps to unlock new revenue making opportunities but also, enable businesses to get the best out of closed deals. Companies have a much more accurate way to monitor various business operations and conduct more relevant and authentic conversations with customers. Thereby, leading to customer-centric process and improve the customer retention rates.