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From Multiple Channels
to a Cross Channel Culture
Your Text here                                                                               Your Text here




                                 Einat Shimoni
                             EVP & Senior Analyst
                            Enterprise Applications,
                           Analytics & KM Strategies
                  www.einatstki.blogspot.com
  Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic   1
CRM
                                                                                                                            Trends


   CRM will be less about transactions
     And more about interactions

Think of it as a way of improving customer
 experience by managing “conversations”




     Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic      2
CRM
                                                                                                                            Trends




Better customer experience
     = better product
   Your Text here                                                                               Your Text here




           It’s the experience that counts,
                    not the product

     Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic      3
Collaborative CRM:                                                                                                             CRM
                                                                                                                               Trends
 from the outside looking in
    Focus on external clients needs




      Your Text here                                                                               Your Text here


Focus on internal processes




        Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic      4
Technologies Maturity Model 2009                                                                                                    General
                                                                                                                                      Trends

Business Value

  Investment                                                                      Active             BPM
                                                                                    BI                                 Web
to make money                                                                                                          2.0
                                                                               Collab.
                                                                                CRM         Balanced                Data                 IT+business
Cut costs, Increase                             Oper.                                       Scorecard            Governance,             Project
                                                CRM                    ERP 2                                        MDM
   productivity                                                         Financial                        Ent.                            Pure
                                                  Tactic                   BI                           Search                           Business
                                                    BI
                                                                                                                                         Project
                                                                   ECM
                            Gateway
Commodity IT                 portal          ERP1
  Services                                                                                                                           Size of figure =
                                                                                                                                     complexity/
                                                                                                                                     cost of project
                                                           Financial
  Investment                                                sector
                                                                                          Non-
                                                                                         Finance
for regulations                                               reg.                       sectors
                                                                                           reg.


                                    Using                       Implementing                              Looking
                                                              Market Maturity
              Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic             5
General
IT Services Families                                                                                                                     Trends

   Reduce Expenses                                                  Increase Revenues

Increase                                            Increase                                                                         Increase
                                                                                Improve                   Increase
 process                                             process                                                                       governance,
                          Cut costs                                            customer                   business
efficiency                                        Intelligence                                                                     regulation &
                                                                              Experience                    agility
                                                                                                                                     risk mng.

               Green IT                                Active BI                                                                        Regulation
                                                                                 Social CRM                     BSC
                                                                                                                                        compliance


        DC Tech: virtualization                                                                                                            CXO
                                                         BPM                      Analytical
                etc.                                                                                         BPM/BPA                    management
                                                                                    CRM
                                                                                                                                           tools


                                                    Supply chain                 Customer
         Employee Productivity                                                                               Innovation                     IT
                                                     intelligence                Experience
                                                                                                            support tools               Governance
                                                                                Management


          IT Sourcing models                                                      Marketing
                                                                                   focus


              IT portfolio
             management


        Self Service of clients,
           employees and
               partners

                 Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic                6
CRM
Source: STKI CIO Survey 2009                                                                                               Trends


                                           CRM Priorities2009
                                                                                                                           40%
                                                                                                         35%
                                                                                                                           35%

                                                                                                                           30%

                                                                                                                           25%
                                                                               20%
                                                     18%                                                                   20%

                           14%                                                                                             15%

   8%                                                                                                                      10%

                                                                                                                           5%

                                                                                                                           0%
 Campaign           Ecommerce                     CRM                   Self-Service                Analytical
Management           Systems                    Packages                                              CRM



    Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic         7
The obvious reason: Cost savings
                                         Cost per call*

           Live agent (CSR): 5$ (avr.)
           IVR:                                                                                       1$
           Web interaction:                                                                           <0.2$

* Average costs are based on global research findings across all industries
  includes Service rep salary, electricity, computers, systems, training, maintenance

             Einat Shimoni’s work All Rights Reserved @STKI not remove source orIsrael +972 from any graphic or portion of graphic
                                  Copyright 2009 @STKI Do Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info                    8
The less obvious: higher value

Customer stickiness:
 Multi-channel customer =
 higher value than single channel customer

       Your Text here                                                                               Your Text here




                                                             (source: Dmdays New York)
         Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic   9
CRM
       The goal: Multi Channel CRM                                                                                                Trends




 • Mobile service • e-billing    •More self       • newsletters                                                           • EPSS/guided
 • e-banking      • e-service     service options • email marketing                                                        interactions
 • SMS            • e-payments and transactions • email response                                                          • RTD
                  • Live chat                      management                                                             • CC
                  • Collaboration

Proliferation of customer touch points
           Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic      10
and… Multi Channel Marketing




 Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or Israel +972from any graphic or portion of graphic
                      All Rights Reserved @STKI Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info                11
BUT

Channels are managed by different
organizational units

Is there a single view of the customer
experience across all channels?


      Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic   12
Clients are starting to be “nagged”




                                                 The
                                               Customer




   Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or Israel +972from any graphic or portion of graphic
                        All Rights Reserved @STKI Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info                13
Should be a holistic Strategy




   Your Text here                                                                              Your Text here




   Source: Nurun
   http://www.slideshare.net/nuruncom/excelling-in-a-multi-channel-environment

    Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic   14
From monologue to dialogue

          Social media is a conversation platform



        Your Text here                                                                              Your Text here




Source: Charteris
http://www.slideshare.net/charterispic

         Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic   15
Communication with customers                                                                                                        CRM
                                                                                                                                     Trends
  spurs customer centric innovation
                                                                                    What features should
  What do you like about our new product?
                                                                                     product X include?

What don’t you like about
   our new product?                                                                                             What do you like about
                                                                                                                   our company?


            Your Text here                                                                               Your Text here
                                                                                                                     Do you have ideas
                                                                                                                        how we can
  How do you prefer                                                                                                    enhance our
  to interact with us?                                                                                                   products?




              Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic      16
CRM
 The new DIGITAL social customer                                                                                                      Trends




                                                                                                                                  Uses
                                                                                                                                Twitter to
                                                                                                                                complain
                                                                                                                                 about a
                                                                                                                                product or
                                                                                                                                company
             Your Text here                                                                               Your Text here




Source: 2008, Fabio Cipriani.

               Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic          17
New Marketing Essentials

• The new 3 E’s of successful marketing:
  Engage, Entertain, Educate
• The web is making a big impact on
  marketing & customer interaction
  strategies
• Focus on what your target audience
  hears, not on what you say
• Dialogue, not Monologue
  Source: TheWiseMarketer.com




        Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or Israel +972from any graphic or portion of graphic
                             All Rights Reserved @STKI Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info                18
Can you analyze your web interactions?




         Your Text here                                                                               Your Text here




Source: econsultancy.com/reports/crm-2-0-report

           Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic   19
CRM
         Summary of trends 2009                                                                                               Trends



• The goal is to maximize customer experience
• People want options for products and channels
• The customer is becoming more “social” and is
  making conversations about your company
• Multi channels can create a good experience if
  there is a holistic view
• Companies are adopting multi channels BUT:
  Channels are managed separately
  No holistic view
  Not analyzed enough
       Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic      20
Thank you!

                               Einat Shimoni
                               EVP & Senior Analyst
                               Enterprise Applications,
                               Analytics & KM Strategies




  Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic   21

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CRM Trends: From Multi Channels to Cross Channels

  • 1. From Multiple Channels to a Cross Channel Culture Your Text here Your Text here Einat Shimoni EVP & Senior Analyst Enterprise Applications, Analytics & KM Strategies www.einatstki.blogspot.com Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 1
  • 2. CRM Trends CRM will be less about transactions And more about interactions Think of it as a way of improving customer experience by managing “conversations” Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 2
  • 3. CRM Trends Better customer experience = better product Your Text here Your Text here It’s the experience that counts, not the product Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 3
  • 4. Collaborative CRM: CRM Trends from the outside looking in Focus on external clients needs Your Text here Your Text here Focus on internal processes Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 4
  • 5. Technologies Maturity Model 2009 General Trends Business Value Investment Active BPM BI Web to make money 2.0 Collab. CRM Balanced Data IT+business Cut costs, Increase Oper. Scorecard Governance, Project CRM ERP 2 MDM productivity Financial Ent. Pure Tactic BI Search Business BI Project ECM Gateway Commodity IT portal ERP1 Services Size of figure = complexity/ cost of project Financial Investment sector Non- Finance for regulations reg. sectors reg. Using Implementing Looking Market Maturity Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 5
  • 6. General IT Services Families Trends Reduce Expenses Increase Revenues Increase Increase Increase Improve Increase process process governance, Cut costs customer business efficiency Intelligence regulation & Experience agility risk mng. Green IT Active BI Regulation Social CRM BSC compliance DC Tech: virtualization CXO BPM Analytical etc. BPM/BPA management CRM tools Supply chain Customer Employee Productivity Innovation IT intelligence Experience support tools Governance Management IT Sourcing models Marketing focus IT portfolio management Self Service of clients, employees and partners Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 6
  • 7. CRM Source: STKI CIO Survey 2009 Trends CRM Priorities2009 40% 35% 35% 30% 25% 20% 18% 20% 14% 15% 8% 10% 5% 0% Campaign Ecommerce CRM Self-Service Analytical Management Systems Packages CRM Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 7
  • 8. The obvious reason: Cost savings Cost per call* Live agent (CSR): 5$ (avr.) IVR: 1$ Web interaction: <0.2$ * Average costs are based on global research findings across all industries includes Service rep salary, electricity, computers, systems, training, maintenance Einat Shimoni’s work All Rights Reserved @STKI not remove source orIsrael +972 from any graphic or portion of graphic Copyright 2009 @STKI Do Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info 8
  • 9. The less obvious: higher value Customer stickiness: Multi-channel customer = higher value than single channel customer Your Text here Your Text here (source: Dmdays New York) Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 9
  • 10. CRM The goal: Multi Channel CRM Trends • Mobile service • e-billing •More self • newsletters • EPSS/guided • e-banking • e-service service options • email marketing interactions • SMS • e-payments and transactions • email response • RTD • Live chat management • CC • Collaboration Proliferation of customer touch points Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 10
  • 11. and… Multi Channel Marketing Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or Israel +972from any graphic or portion of graphic All Rights Reserved @STKI Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info 11
  • 12. BUT Channels are managed by different organizational units Is there a single view of the customer experience across all channels? Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 12
  • 13. Clients are starting to be “nagged” The Customer Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or Israel +972from any graphic or portion of graphic All Rights Reserved @STKI Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info 13
  • 14. Should be a holistic Strategy Your Text here Your Text here Source: Nurun http://www.slideshare.net/nuruncom/excelling-in-a-multi-channel-environment Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 14
  • 15. From monologue to dialogue Social media is a conversation platform Your Text here Your Text here Source: Charteris http://www.slideshare.net/charterispic Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 15
  • 16. Communication with customers CRM Trends spurs customer centric innovation What features should What do you like about our new product? product X include? What don’t you like about our new product? What do you like about our company? Your Text here Your Text here Do you have ideas how we can How do you prefer enhance our to interact with us? products? Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 16
  • 17. CRM The new DIGITAL social customer Trends Uses Twitter to complain about a product or company Your Text here Your Text here Source: 2008, Fabio Cipriani. Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 17
  • 18. New Marketing Essentials • The new 3 E’s of successful marketing: Engage, Entertain, Educate • The web is making a big impact on marketing & customer interaction strategies • Focus on what your target audience hears, not on what you say • Dialogue, not Monologue Source: TheWiseMarketer.com Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or Israel +972from any graphic or portion of graphic All Rights Reserved @STKI Moshav Bnei Zion, attribution 9 74 444 74 www.stki.info 18
  • 19. Can you analyze your web interactions? Your Text here Your Text here Source: econsultancy.com/reports/crm-2-0-report Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 19
  • 20. CRM Summary of trends 2009 Trends • The goal is to maximize customer experience • People want options for products and channels • The customer is becoming more “social” and is making conversations about your company • Multi channels can create a good experience if there is a holistic view • Companies are adopting multi channels BUT: Channels are managed separately No holistic view Not analyzed enough Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 20
  • 21. Thank you! Einat Shimoni EVP & Senior Analyst Enterprise Applications, Analytics & KM Strategies Einat Shimoni’s work Copyright 2009 @STKI Do not remove source or attribution from any graphic or portion of graphic 21