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(CRM) Customer
Relationship Management Solutions
Customer relationship management solutions assist
organizations in managing relationships with their
customers, and include tools that help capture, store
and analyze customer centric information.
Operational CRM
includes the automation or support of customer processes
that include a company’s sales or service
representatives and typically adds each interaction with
a customer to a CRM database, enabling a centralized
repository of customer history. Examples of operational
CRM systems include sales force automation (SFA) and
call center (CC) systems.
Collaborative CRM
includes self-service, direct communication
with customers that does not include a company’s sales
or service representatives. These systems deal with
customer touch points such as internet, email, and
automated phone (Automated Voice Response –AVR). Such
systems typically provide customer service improvements
and cost reductions.
Analytical CRM
is a decision support system that provides for the
analysis of customer data that helps a company make well
informed management decisions.
It provides for the design and execution of targeted
marketing campaigns that optimize marketing
effectiveness, cross-selling, up-selling, analysis that
assists in management decision making (pricing, new
product development), customer behavior, financial
forecasting, and customer profitability analysis.
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