One of the advantages of customer relationship management software is its ability to break down the barriers and data silos between departments and develop an integrated approach to front-office functions and processes.
The undeniable appeal of CRM’s ability to streamline and automate sales cycles and enable more efficient, higher-quality customer service can sometimes overshadow the marketing department’s potential to derive compelling value from CRM. The right CRM system, implemented with a thorough understanding of marketing needs, offers the opportunity to improve marketing processes and returns while decreasing costs, ultimately generating more sales leads–and thereby benefiting all departments.
At the heart of marketing is the customer. And that customer has changed radically in the past 10 to 15 years. The customer of today is tech-savvy and discriminating. Today’s customer demands increasingly diverse options, more personalization, and more help and service than ever before. That customer is able and willing to hold companies and their marketers accountable for their claims.
On the other hand, corporations are increasingly capable of tracking the amount of money spent to win and keep each customer, thus demonstrating their return on investment (ROI) for every dollar spent. In the crunch are the marketers or marketing department as they scramble to learn new tools, new channels, new technology, and new skills without loss of time or leads in the process.
What does a marketing department need from CRM software? They need a solution that gives them tools, data, and insight to perform in today’s fast-paced, high-tech marketing world. They need to be able to understand and analyze markets, segment and target specific groups, and run effective campaigns. And marketing managers need to be able to monitor and track the results of the campaigns and ROI from each marketing campaign, spot trends and issues, and close the loop on marketing’s contribution to revenues.
Marketers need a customer relationship management system that was built with them in mind. It needs to help them identify their targets and quickly and effectively deliver relevant communications through electronic channels, generating leads that feed smoothly into the sales funnel. Seven features marketers need in the CRM system are:
1. Detailed customer and prospect data.
2. Well-ordered, intuitive screens.
3. Clear and concise information on trends, issues, and customer data.
4. Segmentation of the market by various combinations of data.
5. Easy methods for crafting personalized marketing messages.
6. Effective, secure data management.
7. Automation of creation, management, and follow-up of marketing campaigns.
