Analysts have been talking and writing about a “360 degree” view of the customer for years. Our own benchmark research into customer relationship management shows that only37 percent of organizations are able to produce analysis and reports that yield such a comprehensive view. Other research into next-generation customer analytics reveals that the main issue in this area for nearly two-thirds (63%) of organizations is data availability. To make the situation worse, customer-related data is...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Employee Engagement,
Analytics,
Cloud Computing,
Customer Service,
Call Center,
Contact Center,
Contact Center Analytics,
CRM,
Text Analytics
In the late 1990s, CRM systems were launched to help organizations become customer-centric, to manage customer relationships from end to end, through marketing to sales to customer service, and to provide a “360-degree view of the customer.” For a variety of reasons (overselling, lack of proper adoption, missing functionality), they never lived up to many companies’ expectations, and so CRM got a poor reputation. I recently wrote that customer experience management has undergone significant...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Analytics,
Cloud Computing,
Customer Service,
Call Center,
Contact Center,
Contact Center Analytics,
CRM
Intacct, a cloud-based ERP vendor focused on midsize companies, recently held its annual user group meeting. Two of its products that were covered in the keynote are worth noting. One, already available, enables companies to manage their order-to-cash process in a continuous fashion, from the time a salesperson begins to engage with a prospect to the time funds are collected. The other is a custom report writer, to be available in the first quarter of 2017, that will provide business users with...
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Topics:
SaaS,
Sales,
Customer Engagement,
Customer Experience,
ERP,
Human Capital Management,
Marketing,
NetSuite,
Office of Finance,
customer life cycle,
Customer Service,
billing software,
asc 606
During a recent briefing with NGData, I was initially put off by excessive “marketing speak.” The team began by describing its product, Lily Enterprise, as a “customer experience operating system.” Being used to having operating systems run entire computers, I wasn’t sure what this meant. This term was followed by a statement that NGData’s products help companies transition from being “B2C to C2B,” that is, to put the customer first, an idea that has been around for several years but in my...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Speech Analytics,
Analytics,
Cloud Computing,
Customer Service,
Call Center,
Contact Center,
Contact Center Analytics,
CRM,
Text Analytics
Over the years, our benchmark research studies on contact center systems have shown that larger centers use dedicated contact center systems to support their operations nearly twice as often as centers that have fewer than 250 seats. Smaller centers typically lack budgets and technical skills to deploy and operate such systems. This situation is evident in the tools commonly used to support workforce management and analytics; smaller centers most often use spreadsheets. While spreadsheets have...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Analytics,
Cloud Computing,
Customer Service,
Call Center,
Contact Center,
Contact Center Analytics
I have been involved in the contact center, CRM and customer engagement business for more than 25 years. Yet only in the past few years have I seen much change. Until recently nearly all organizations focused on handling customer interactions as efficiently and inexpensively as possible; few made much effort to manage customer relationships over the complete customer life cycle. However, over the last 18 months, the scene has begun to change very rapidly, and I expect that to continue and even...
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Topics:
Big Data,
Customer Analytics,
Customer Engagement,
Customer Experience,
Speech Analytics,
Voice of the Customer,
Analytics,
Cloud Computing,
Customer & Contact Center,
Customer Service,
Uncategorized,
Call Center,
Contact Center,
Contact Center Analytics,
CRM,
Text Analytics
Aria Systems provides companies with software for managing subscription or recurring revenue business models. A recurring revenue business models includes three types of selling and billing structures: a one-time transaction plus a periodic service charge; subscription-based services involving periodic charges; or a contractual relationship that charges periodically for goods and services. Aria’s cloud-based software addresses key requirements of users in the marketing, sales, operations and...
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Topics:
SaaS,
Sales,
Sales Performance,
Customer Engagement,
Customer Experience,
ERP,
Marketing,
NetSuite,
Office of Finance,
Recurring Revenue,
customer life cycle,
Customer Performance,
Operational Performance,
Business Analytics,
Business Performance,
Cloud Computing,
Customer Service,
Financial Performance,
Business Performance Management (BPM),
Sales Performance Management (SPM),
billing software
There were significant technology developments in customer experience management during 2015. Multichannel contact centers in the cloud took hold of the contact center infrastructure market; I counted 21 vendors offering such services. A variety of vendors entered the market for customer analytics, combining analysis of structured data, speech recordings, text, desktop data, Web contacts, and events and processes to provide a comprehensive “360-degree” view of the customer and customer journey...
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Topics:
Big Data,
Customer Analytics,
Customer Engagement,
Customer Experience,
Speech Analytics,
Voice of the Customer,
Customer Performance,
Analytics,
Cloud Computing,
Customer Service,
Uncategorized,
Call Center,
Contact Center,
Contact Center Analytics,
CRM,
Text Analytics
Based in the U.K., mplsystems is a relatively small vendor of contact center in the cloud systems, having fewer than 200 employees, but it has a distinct portfolio of products. Its core product, intelligentContact, is designed for omnichannel customer engagement. Its two other products, Customer Service CRM and Field Service Management, are not typically supported by other vendors in this space. As I dug deeper into the component parts of each of these products, I found other capabilities that...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Mobile Technology,
Speech Analytics,
Voice of the Customer,
Customer Performance,
Analytics,
Cloud Computing,
Customer Service,
Uncategorized,
Call Center,
Contact Center,
Contact Center Analytics,
CRM,
Text Analytics
In our benchmark research into contact centers in the cloud, nearly two-thirds (63%) of companies said that adopting applications in the cloud would enable them to improve how they handle customer interactions, and slightly fewer than half (44%) said that adopting communication systems in the cloud would deliver similar benefits. Several vendors now provide such systems. Diabolocom is the latest one to brief me on its products. Founded in 2005 and having around 30 employees, it has headquarters...
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Topics:
Big Data,
Customer Analytics,
Customer Engagement,
Customer Experience,
Speech Analytics,
Voice of the Customer,
Customer Performance,
Analytics,
Cloud Computing,
Customer Service,
Uncategorized,
Call Center,
Contact Center,
Contact Center Analytics,
CRM,
Text Analytics