Are you undervaluing your CRM?

 In CRM, Netsuite, News

CRM (customer relationship management) systems are thought of as one of the most under-utilised resources in business today. While many businesses will have some structure in place,  you may want to start rethinking its role and placing it at the heart of the business.

Businesses of all types are discovering the positive influence of a CRM and how it can play a big part in a growth strategy with its reporting, customer experience and productivity tools

Office and cloud solution company Area, which was founded in 1999, found it provided a wealth of new insights.

Justin Bass, projects director at Forefront Group, which is part of the Area group, stated: “We’ve seen a sea change in how we report. Previously this was a manual process and often subjective but it is now entirely based on facts being driven by CRM data.

“Before, our directors would spend several hours every month updating our finance team about the timings for on-site work delivered. All this data is now available to finance in real-time and this alone has saved in excess of 20 hours each month across our companies.

For a cost management consultancy, BCR Associates, it’s been the case that using CRM to look at its data more closely has worked best.

“We have an incredible amount of payment detail coming in,” IT administer Jenny Bicket said. “I use [our CRM]on a daily basis and this is giving us new insights to forecast sales, analyse renewals, and even predict when contracts will be signed.Our main goal was to help us build and maintain profitable long-term relationships and grow the business. We can see from our data that we are working with more clients, we are billing higher values and our customer satisfaction levels are higher.”

The ability for business owners to have a real-time based better understanding of performance is a common reason for adoption. Sebastian Stungo, CRM admin at conferencing company In Communication, said: “Our coordinator team need to react quickly when we receive new instructions and enquiries for conferencing events. Improving the monitoring of our service level agreements was an immediate priority. Netsuite identified and implemented a series of services that manage these performance indicators as we require.

“The biggest impact of this is that we’re now able to dynamically show real-time performance on a big screen in the office using our CRM data. This flashes up our key metrics to show us what is successful and highlight any areas for attention.”

Flagging up potential problem areas has been a big benefit for In Communication, but for Drax UK their CRM system has meant it can better handle prospects, quotations and delivering contracts.

Colin Smith, marketing director at fire alarm technology and maintenance company, Drax UK, ventured: “Our sales team have immediate access to all the information they need via their mobile devices.

“For example, wherever our people are I can have a timely commercial discussion with them about an individual opportunity and we can decide on a strategy.

“Previously our marketing activities were not consistently focused but by aligning our email marketing and social engagements we are discovering new insights about our audience which is helping us segment our lists and better personalise our messages.”

If your business already has a CRM either inside an ERP or standalone system in place, but aging technology means it is struggling to keep pace with growth efforts then do get in touch with us at RXD. Our consultants can advise best on which CRM system will suit your business and configure it to generate optimised customer management.

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