Salesreps still hate their CRM – Here’s what to do about it!

by Thomas Wieberneit | Oct 13, 2020 | Blog |

Salesreps really love to feed data into their CRM system after a long day, or even during the week-end. They are truly looking forward to their weekly sales call with numbers that every single one of their colleague massaged themselves. They are obsessed with typing all sorts of entries into a quotation and know their product catalogue by heart, so that they can provide their customer with the best of all possible quotes to solve their business issue. Salespeople really appreciate all the high quality leads that are funnelled to them by the system. And, of course, they are truly altruistic and thrive on helping their customers for good. Sounds like you? No? Well, then you are probably like most of us. In brief: Salespeople hate their CRM! This didn’t change almost 40 years after the first electronic CRM tools have been introduced. Users of CRM systems still often do not have the feeling that the systems are serving them, but that it is rather the opposite. That is especially true for salespeople. But I repeat myself. Salespeople face a two-pronged challenge. On one side, in an environment that is more and more data driven, they face an increasing reporting demand, which in turns requires an increasing amount of quality data being fed into the system. They feel that all these administrative tasks keep them away what they are doing best and what they want to do most: Be with their customers, understand them, and offer – sell – them the right solutions for their challenges. Thereby making them happy. On the other hand, salespeople feel that they become...

CRMKonvos #17 – Entering The Dark Side of the Cloud

by Thomas Wieberneit | Oct 8, 2020 | Blog, CRMKonvos |

#CRMKonvos #17 – The dark side of the Cloud – danger, hope, liability, subscription, privacy … are they all gone? Quo vadis on premise and managed services? We are looking at the dark side of the cloud, its effects, chances and possibilities. We are also analysing the acquisition of Emarsys by SAP, do a little breakdown of the Microsoft cloud services that got announced last week (MS Teams anyone?) and general perspectives. Is the coveted 360 degree on the customer an illusion? And there is some harsh reality facing some suboptimal corporate structures. Fair play, as lived by Zoho, is another topic to be covered … Expectations towards SAP and its Customer Data Platform CDP++ are going towards the next level. Is SAP planning to destroy the silos to create more transparency? Is CDP really some BS (hint: not really) or can it be used in a valuable (for the customer) way)? A CX platform or at least a #COTP (Customer oriented Transaction Platform) are possible ways. Lots of ground to be covered. This episode is in...

SAP to acquire Emarsys in an aggressive move

by Thomas Wieberneit | Oct 6, 2020 | Analysis, Blog |

The News On October 1st, 2020 SAP announced its intent to acquire Emarsys, a leader in the personalization area and omnichannel customer engagement management specialist. The transaction is expected to be completed in Q2/2020 and still subject to regulatory approval. The purchasing price is not disclosed. According to Crunchbase, Emarsys was funded with $55.3M US by Vector Capital in two funding rounds 2015 and 2016. Not being a financial analyst, I would expect a purchasing price of north of $ 500M US. Emarsys positions itself as a customer engagement platform that combines omni-channel automation, personalization, loyalty management and reporting/analytics. The company has more than 1,500 customers, makes about 2/3 of its revenues in the EMEA region and has a pretty strong partner network including technology and agency partners. Key commerce integrations include Adobe (Magento), Salesforce, Shopify and, of course SAP Commerce. On top of this, the platform brings prebuilt industry specific use cases and analytics into the fold. According to Christian Klein, CEO SAP, “once the transaction closes, SAP will enable brands to connect every part of their business to the customer, including experience data. We will deliver a portfolio for a ‘commerce anywhere’ strategy allowing for hyperpersonalized digital commerce experiences across all channels at any time”. Bob Stutz, president SAP Customer Experience, adds that “with Emarsys technology, SAP Customer Experience solutions can link commerce signals with the back office and activate the preferred channel of the customer with a relevant and consistently personalized message, allowing customers the freedom to choose their own engagement”. The bigger Picture The ability to segment in real time becomes more and more important,...

CRMKonvos – Mitch Lieberman on CX, CDP and Conversational Excellence beyondCXM

by Thomas Wieberneit | Oct 3, 2020 | Blog, CRMKonvos |

During this episode we talked with Mitch Lieberman who has quite some experience in the CRM industry, on the vendor- and analyst side. He was with Epiphany, Sugar, and with G2, to name but a few.He has the insight and the sharp mind that makes this conversation particularly interesting, without me diminishing the other ones, though.Mitch certainly got our grey matter into high gear during our conversation that started with CX, went into a solid discussion of the value (what is it?) of Customer Data Platforms, CDP, on to conversational systems – and back. Btw, what is a CDP? Let Mitch provide his interesting view.We learned a lot.You can, too.This conversation is in English, apart from a few minutes at the beginning and the...

SAP CX – A Deep Look into the Glass Ball

by Thomas Wieberneit | Sep 27, 2020 | Blog |

Earlier this year, a few days after attending SAP Sapphire reimagined, I asked Quo Vadis, SAP. At that time industry legend Bob Stutz led the CX group already for 8 months, with Esteban Kolsky being his chief of strategy. At this event there was hardly any mention of SAP CX. This is in spite of the CRM market being the fastest growing enterprise software market and in contrast to then CEO Bill McDermott’s bold statements that SAP will take Salesforce heads on. Esteban meanwhile changed his role and has become Head of Product, Customer Service and Sales for the SAP CX unit, which indicates that there is an emphasis on execution. And then, there was the announcement that Qualtrics, the company that basically defined the experience management market and that SAP acquired barely two years ago, will be brought public. So, something is happening. But still, there is no word about a strategy or a vision besides a few hints that Bob and Esteban gave during various webcasts or a blog post, in which Esteban gave a glimpse at what he sees as the next generation CRM. It should not surprise you that his thoughts have to do with platform, as the overall market for business applications, and especially the market for customer experience, has morphed into a platform market. This void of communicated strategy was supposed to be filled in early May. This communication was cancelled in the wake of Jennifer Morgan leaving SAP and Christian Klein becoming the sole CEO. This void shall be closed soon, after it lasted far too long. This indicates some alignment challenges...