Experience requires Engagement – Are Companies Prepared?
Today’s businesses are in a difficult situation. Their customers demand more experience and contextually relevant engagements than they are equipped to deliver. This places them on a difficult trail that they need to navigate in order to be and stay successful. Their challenge is that technology does help everyone, especially their customers, because, also thanks to the consumerization of technology, it is far easier and cheaper for customers to implement and use technologies. Good technology examples of the past decade include the meteoric rise of messaging services and, before that, social media. As a consequence of this today’s customer is less depending on company marketing- or sales organizations and has a far higher reach when it comes to satisfying an information need. Consequently, Google finds that a whopping 99.8 per cent of all online ads are simply … ignored. Sales representatives are on the verge of becoming irrelevant. An increasing number of studies find that customers contact a sales representative only after a product decision has been made. This was a topic that was already discussed during CRM evolution 2016. Other studies determine that customers are abandoning shopping carts already following a single poor service experience. While these studies often are commissioned by vendors there still are too many of them to not indicate that there is a problem. After all there is bound to be a fire where there is smoke. The 1990’s customer was happily working with and believing in corporate messaging that got delivered via unidirectional channels like TV, radio, or the newspaper. Today’s customer uses available technologies and is always online, digitally connected and socially...
SAP CRM and SAP JAM – Good News from CRM evolution
During CRM Evolution 2017 I had the chance of talking with Volker Hildebrand and Anthony Leaper from SAP. Volker is SAP’s Global Vice President SAP Hybris and Anthony is Senior Vice President and Sales GM – Enterprise Social Software at SAP. Topics that we covered were things CRM and collaboration, how and where SAP’s solutions are moving and, of course, the impact that the recent reshuffling in the executive board has. Starting with the latter, there is common agreement, that if at all it is positive as likely to streamline reporting lines and hence decision processes. First Things First – After All I Am A CRM Guy Having the distinct impression that the SAP Hybris set of solutions is going a good way I was most interested in learning from Volker about how there is going to be a CRM for S4/HANA. SAP’s new generation ERP system is growing at a good clip, and according to the Q1/2017 earnings call, now has 5,800 customers with 400 new customers in the last quarter alone. Many of these customers are net new customers. The challenge is that S4/HANA doesn’t have a CRM (yet). I have earlier already suggested two ways how this could change – marrying up the SAP Hybris family of modern CRM solutions or modernizing SAP CRM and integrating it into S4/HANA based upon HANA technology and therefore avoiding the costly CRM Middleware and data duplication. Both approaches have their merits: The cloud based SAP Hybris set of solutions is far more modern and already bases on the new SAP standard Fiori user interface. SAP CRM, on the other hand...
CRM evolution 2017 – Customer Experience via AI
Just on may way back from CRM evolution 2017 it is time for a little recap. The conference, once more chaired by CRM Grandmaster Paul Greenberg, was again co-located with sister conferences Customer Service Experience and Speechtek. Why there is a separate – and smaller – conference for Customer Services co-located with a CRM conference is beyond me, as Customer Service is an integral part of CRM. But be it as it is. CRM Evolution attracted around 500 professionals, being second to Speechtek. The main topics this year seemed to be Customer Engagement, Customer Experience, and AI, nothing of this coming as a surprise. The size ratio of the conferences and the topics were also confirmed by the exhibitors in the Customer Solutions Expo. We saw an abundance of little booths with AI- and bot-vendors. The mainstays of CRM had fairly small presences, notably SugarCRM, which had a big presence last year. Both keynotes dealt with delivering to maximize customer experience and to measure the result. In the opening keynote Gerry McGovern answered the question what great customer experience is in a digital world and then how to measure it. His premise is that customers want to get something done and that it therefore is imperative to help them getting it done as fast and easy as possible. That begins with page load times, goes on with simple check-out processes like Amazon’s famous one-click or Uber’s payment process – hint there is none at the end of the ride. Things are as easy as saying good-bye to the driver and opening the door. Throughout his keynote Gerry made the...