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CRM Strategies for Customer Loyalty

The document discusses customer relationship management (CRM) systems. It defines CRM as managing detailed customer information and interactions to maximize customer loyalty. It outlines the key components of a CRM system including people, processes, technology. It discusses the benefits of CRM such as improved customer retention, acquisition and relationships. Finally, it proposes that the company can develop a customized CRM system for clients to help improve customer service and gain a competitive advantage.

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salmanali123
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0% found this document useful (0 votes)
72 views39 pages

CRM Strategies for Customer Loyalty

The document discusses customer relationship management (CRM) systems. It defines CRM as managing detailed customer information and interactions to maximize customer loyalty. It outlines the key components of a CRM system including people, processes, technology. It discusses the benefits of CRM such as improved customer retention, acquisition and relationships. Finally, it proposes that the company can develop a customized CRM system for clients to help improve customer service and gain a competitive advantage.

Uploaded by

salmanali123
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd

Presentation

on
Customer Relationship
Management System

By- Atul Chaudhary
[Link] | UNIT OF 1SOLUTIONS
o CRM introduction
o Functioning targets and roles
o Aspects of CRM
o Architecture
o Strategies
o Pitfalls


What I am going to discuss?
WHAT IS CRM?
The process of managing the detailed
information about individual customers
and carefully managing all the customers
touch point with the aim of maximizing
customer loyalty.

People
Process
Technology
CRM
Customer acquisition
Value
R
e
l
a
t
i
o
n
s
h
i
p

Retention
L
o
y
a
l
t
y

Customer focus
Relationship building
Management
Why CRM is required ?
Customer focus
Primary Concern of any business Revenue generation
Satisfaction Delight Experience
Relationship building
High acquisition cost Low retention cost
Long term gains
Management
Product delivery Satisfaction
Measure and manage Customer profitability
Customer-centric
Marketing
Management
Order Processing
Customer servicing
Inside sales
Outside sales
Sales support
Other element-Communication component
Communication channel
Customer
Company
CUSTOMER
INTERACTION
Mobile

Web

Call center





Fax

Email

Face to face
FUNCTIONING TARGET
AND
ROLES
Omnipresence
1 to 1
marketing
Real time
updates
Better analysis
Buying
Patterns &
Demographics
Revenue
enhancement
Single
customer view
Cost
reductions
C R M
Functioning
targets
1. Relationship building
2. Customer service and support
3. Built loyalty in customers
4. Personalization
5. Management and quality related service.
6. Customer-focused organization
7. Identifying high value customers
Role of CRM system
Still, why to spend on
Customer-retention
rather than customer
acquisition ???

Acquisition of Customer

Retention of Customer

3% increase in profits

17% increase in profits


Cost is very high

Cost is very low

Life cycle is short

Life cycle is long

Short term profit

Long term profit

Unpredictable value chain building

Value chain building
Acquisition or Retention
ASPECTS OF CRM
Front office business support

Contact history is recorded

No communication gap

E.g.- call centers, BPO


Direct communication

Cost reduction

Service improvement

E.g.- mail, internet



Analysis of customer data

Design and target marketing campaigns

Product and service decision making

Management decisions


ARCHITECTURE
CRM
Find
Catch Keep
Building blocks of CRM

Lead Management
Campaign Management
Customer profiling
Call center
Field service
Web service
Activity management
Opportunity management
Contact
management
Manager view Service view Support view Marketing view Sales view
Web Windows Wireless
C R M software
Web/intranet/extranet
Project management
Support view PIM ROI
Sales Forecasting Opportunity Management
Automation
ERP/back office
Legacy applications
Other applications
Customer database
Customer touch points
CRM SYSTEM
CRM STRATEGIES
Acquisition
Retention
Loyalty
Evangelism
Cost Reduction
CRM strategies
ACQUISITION
Profiling
Buying pattern
Communication
Search
RETENTION
Improving customer satisfaction
Need analysis
1to 1 communication
Updating
LOYALTY
Increase
Search
Capture
EVANGELISM
brand promoter
sales promoter
Cost
REDUCTION
Lower inventory
Speedier delivery
Marketing cost reduction
Change Management
Poor communication
Weak Leadership
No strategic focus on business value.
Sloppiness to Process and People issue.
Information handling

Pitfalls of CRM system
CRM helps in
Customer life cycle
Customer life-time value

By implementing a right CRM system, you
can improve your customer interaction and
retain the customer for long, thus
increasing your market share both in terms
of capital and customer.
Concluding in the end..
We can analyze your requirements and can
develop and implement a CRM system catering
to your needs.

Better fit customized CRM system.

Lower cost and more flexibility than other
consultancy offering proprietary solutions.

Experienced staff and management.
UG Software Technologies can help you.
o Lower cost

o High ROI

o Stability

o Security

o Higher customization
Adding advantage with open source software solutions
Reliable, implemented and tested
More visible and ease of control
Fast and flexible service
Reasonable prices and quick payback
High customer satisfaction
Why to choose us?
Gain Competitive advantage by
acquiring our customized CRM
SYSTEM and become a LEADER in
your Industry.
COMPETITIVE EDGE
Contact us-


SEMSEOGURUS | unit of 1solutions
Website- [Link]
Contact- +1 315 642 4191
Mail- info@[Link]
Any Questions?

Thank you

Presentation  
on 
Customer Relationship 
Management System 
   
                        By- Atul Chaudhary
o CRM introduction 
o Functioning targets and roles 
o Aspects of CRM 
o Architecture 
o Strategies 
o Pitfalls  
 
 
What I
WHAT IS CRM?
The process of managing the detailed 
information about individual customers 
and carefully managing all the customers 
‘to
  People 
Process 
Technology 
CRM 
  Customer acquisition 
Value 
Relationship 
Retention 
Loyalty
Customer focus 
Relationship building 
 Management 
Why CRM is required ?
  Customer focus 
Primary Concern of any business 
Revenue generation 
Satisfaction  Delight Experience
Relationship building 
High acquisition cost 
Low retention cost 
Long term gains
 Management 
Product delivery Satisfaction 
Measure and manage Customer profitability 
Customer-centric
Marketing 
Management 
Order Processing 
Customer servicing 
Inside sales 
Outside sales 
Sales support 
 Other element-Commu

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