For more on the cloud vs. on-premises CRM decision, read why one company left their legacy CRM behind and made the move to cloud.
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. The reason for this, as Moira Alexander writes, is that "in most companies, individual departments or teams believe they hold the key to understanding customer needs more than other areas of the business. But the reality is that different departments simply have a different view into customer expectations and none has an all-encompassing view."
In fact, it’s best for the business departments who actually use the software to take ownership of the project, with IT and the CIO playing an important advisory role.
What causes CRM projects to fail?
Many things. From the beginning, lack of a communication between everyone in the customer relationship chain can lead to an incomplete picture of the customer. Poor communication can lead to technology being implemented without proper support or buy-in from users. For example, if the sales force isn't completely sold on the system's benefits, they may not input the kind of demographic data that is essential to the program's success. One Fortune 500 company is on its fourth try at a CRM implementation, because it did not do a good job at getting buy-in from its sale force beforehand and then training sales staff once the software was available.
What industries are leading the way in CRM implementations?
As in most leading-edge technology implementations, the financial services and telecommunications industries set the pace in CRM. Other industries are on the CRM bandwagon include consumer goods makers and retailers and high-tech firms.
Which industry is behind the curve?
Heavy manufacturing. As a rule, the further an industry is away from the end customer, the less important CRM is.
More on customer relationship management:
Salesforce.com is increasingly used as the system of record for many aspects of the customer relationship, but too often the data in the system has not been managed as a strategic asset. These metrics will help you evaluate an SFDC database for its completeness, quality and fidelity.
Use these rules of thumb when evaluating an SFDC system configuration for its sustainability and manageability and to root out technical debt and the eventual budgetary and data corruption surprises.
- 5 Dreamforce takeaways to guide your CRM strategy
With 170,000 attendees, 2,100 sessions and 500 vendors, the signal-to-noise ratio at Dreamforce 2016 was pretty low. Now that the dust has settled, here’s what’s worth knowing.
- How to fix a broken CRM pipeline
There are several metrics you can use to validate health of your sales pipeline. But simple numbers need to be supplemented by policies, automation, and business processes that provide incentives for good behavior. Here some examples of policies that should be in place.
- How to tell if you have a 21st century sales team
In many industries, the revenue generation function — sales and marketing — is the single biggest cost of running the business. Yet it’s also the most unreliable. That’s why tightening up the business processes with CRM systems is so important to profitability. Here’s how to tell if your company’s revenue generation process is up to modern standards.
- 11 CRM best practices
In today’s multichannel retail world, having a database of customer names, contact information and purchase history is not enough. If you truly value your customers, you need to not just focus on customer management but on building long-term relationships. These best practices can help organizations – specifically their marketing, sales and customer service departments – do just that.
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