Customer Experience Management

Yes, it can, it’s a no-brainer. CRM can act as a powerful motivational and binding force that can boost employee morale as well as their performance. The key is to strike a balance between the technical and human aspects that comprise CRM.

Businesses often miss a vital trick when it comes to harnessing the customer’s knowledge for furthering their business via product development or marketing. Customers who have a lifetime’s experience in using products and availing services are ideally placed to offer inputs on little tweaks and additions that can make a product that much more useful. Their interaction with the front-end gives them insight into customer-facing issues from the customer’s perspective. The operative phrase here is "customer’s perspective" and that is something companies often fail to tap into.

Companies that involve customers in the knowledge sharing process fare better than those that turn inwards for answers.

Relationship building is the central theme of CRM. It lays the foundation for building a loyal clientele. Retaining an existing customer always works out cheaper than adding new customers to the existing customer base. Customer loyalty is nurtured over a period of time by making intelligent and sensitive use of data generated from your CRM systems.

Customer experience management or CEM is the next evolutionary step for CRM. With CEM, the focus is on customer experience rather than on operational practices. A “customer centric” attitude is central to making use of the data generated. A CEM strategy aims to involve the top-level management at every level so that the practices implemented are not purely market- or operations driven. Every interaction with the customer is viewed as an opportunity to learn more about his preferences, his lifestyle, and what drives his purchase decisions.