Fresh wind in the SME CRM Market with Freshsales?
It appears to be demo week for me. After Jon Ferrara gave me a deep dive into the leading social sales application Nimble and I got a dive into the new travel management solution Traform by my old friend Balamurugan Kalia, Sreelesh Pillai introduced me to Freshsales. Freshsales is the new social sales solution by Freshdesk, a company that got founded in the second half of 2010 only and until now focused their efforts on customer service and support. An interesting twist in Sreelesh’s story is that Freshdesk built Freshsales initially to accommodate their own needs and to deal with the demand caused by their growth. Growing at about 50% over the last year or so, the Freshdesk team realized that the applications (yes, plural, including tier 1 solutions) that they used did not really fit their needs. The Freshsales solution covers simple applications for leads, contacts, accounts, deals (opportunities). Leads and contacts can get imported into the system by means of a csv upload. This way it is also possible to migrate Salesforce data into the system. Google contacts or contacts from Office365 are not automatically synced or used. E-Mail and phone conversations that are initiated within Freshsales are tracked against the lead/contact to provide a historic context about what is going on with the person. In case mails are sent directly from an email account one needs to bcc the own Freshsales email address (e.g. sales@aheadcrm.freshsales.io) in order to have the interaction tracked by the system. This then transparently creates a new lead if the recipient e-mail address is not yet known to the system. Using territories and...
Nimble – To CRM or To Not CRM
After a long while I had the pleasure of chatting with Jon Ferrara again for some time, covering things CRM and, of course, Nimble. As you may know Jon is a long time CRM veteran who released his first product named Goldmine back in 1990. Jon is also a very vocal advocate of sales and marketing being first of all “human to human”, something that he claims that most CRM systems are not good at. Consequently, he dubs these systems as “Customer Reporting Systems” as they do not excel at helping salespeople giving a good look at the persons they interact with but are more focused on reporting. Being in the CRM world for a long time myself I cannot really disagree with him about this fact itself; we might have a discussion on what CRM overall is and why it went the (wrong) way it took. Some thoughts on what I think CRM is and how Nimble stands in this, along with some thoughts on how to go ahead with Nimble will come below … Historically CRM systems require a lot of data entry. This is where Nimble is somewhat different, which is something that I like. No CRM can do without manual data entry, but Nimble makes this pretty simple. The system is built around persons and interactions with them and strives to merge calendar, email, social media and contact data base into aggregated views, giving context about involved people. Changes done by the contacts in their external profiles can get pulled into Nimble in a semi-automated way. The goal is to always have the context of...
Microsoft, Quo Vadis? You are the last one to the Party!
Salesforce acquires DemandWare. Lots has been written about the acquisition itself, so I will not comment on the fact itself. Instead I will ponder about implications on Microsoft. After all Microsoft is the remaining of the big CRM players that does not have an ecommerce platform of its own. Oracle acquired ATG in 2010. SAP’s engagement in ecommerce culminated in the 2013 acquisition of Hybris, after having Internet Sales Solutions since 1996 or so, keywords for the connoisseurs are ISA or WCEM (and I will not mention any R/3 transaction codes here … ). That leaves Microsoft. All other players I would position in another league – which doesn’t mean that they are bad solutions. With ATG, Hybris, and Demandware the major independent platforms are taken, too; with the exception of Intershop, maybe. That is, if one assumes that IBM doesn’t intend to sell off its Websphere. Microsoft pursuing a cloud strategy with their own infrastructure doesn’t increase the number of potential candidates, too. if Microsoft is interested at all, that is. Demandware with its focus on retail would have been a good fit from an industry point of view and Paula Rosenblum from Retail Systems Research concludes that there has been a bidding war behind the scenes while Forbes pronounces the purchasing price as too high. Microsoft Quo Vadis? With Azure Microsoft has a strong platform and with Dynamics CRM a very competitive CRM system. Microsoft also has a strong ecosystem and a strong customer base. They are also a long time ecosystem player. But then they also acquire technology they need, if they perceive a gap in their offerings. Recent examples include...
Go Digital or Die – CRM Evolution 2016
CRM Evolution 2016 – Conference at a Glance CRM Evolution 2016 revolved around two main topics customer experience, customer engagement digital transformation As part of these three main topics many speakers were about how to get there, which includes thinking and talking about machine learning, predictive analytics, and, of course, the Internet of Things. The CRM Evolution 2016 conference, organised by David Myron and chaired by CRM guru Paul Greenberg once more had an impressive lineup of speakers, starting with two highly impressive keynotes, held by Dennis Snow, formerly of Disney on Monday, and Brian Solis from Altimeter Group on Tuesday. As before it was co-located with SpeechTek and Customer Service experience, the latter chaired by Esteban Kolski. This combination guarantees a lot of high caliber attendance and a lot of networking opportunity, something that Paul Greenberg very strongly and actively supports. It is virtually impossible to not network … According to colleague Scott Rogers, although the conference appeared to be bigger than the years before it all seemed more intimate, but not crowded, which probably can get attributed to a good choice of venue. The event being vendor independent is only the icing on the cake. In my eyes this is the one CRM related conference that one must not miss. In contrast to last year I attended CRM Evolution only, which in retrospective was a mistake. But let’s have a look at the conference themes. There is no CRM without Customer Engagement and good Customer Experiences In the opening key note Dennis Snow told us about the Disney way of creating great customer experiences, which basically follows three...
Bots can kill Customer Experience
Bots are all the rage currently. By the looks of it they are at the peak of the hype cycle. We will see their deep fall into the trough of disillusionment soon. After all the well-known examples based on the Facebook messenger are somewhat underwhelming, to formulate it carefully. There is not much artificial intelligence visible – nor needed – to provide services like these. They also come with a poor user interface. And this combination of hyped examples, mixing up chatbots and AI, has the potential to kill customer experience. They certainly kill the user experience. Unless, this is, that these machines already reached a level of intelligence that they are magic to my simple mind… Which I doubt. To be sure, there are AIs around that amaze us: IBM’s Watson, Apples Siri, Microsoft’s Cortana, Google’s Now, … even Microsoft’s infamous Tay which got a pretty bad reputation in no time, to name but a few. Recently a whole class of graduate students didn’t realize that their teaching assistant Jill Watson, an AI based upon IBMs Watson, was actually an AI and not a person. And I sincerely believe that in not so far future we will see AI in many places that is indistinguishable from a human. As Salesforce’s Marc Benioff recently said we will have AI do things that we cannot even imagine right now. The potential is virtually endless (pun intended). But what we see right now being built standalone or embedded into messaging apps has nothing to do with AI and it often has a poor user interface. This needs to get fixed, or...
Value, Relevance, Convenience – The Future of Retail
the Future of Retail is, well, interesting. Retailers today face an increasingly fierce competition. This competition is both, between brick-and-mortar retailers as well as between online-retailers and brick-and-mortar. Amazon, for example, is eating an increasing share of department stores’ lunch. It already now is the second largest apparel retailer in the US. According to Morgan Stanley research, quoted in a recent business insider article: “Internet retailers (led by Amazon) have added $27.8 billion to their apparel revenue since 2005, while dept stores have lost $29.6 billion,” … “This share loss appears at risk of accelerating given 1) Amazon’s bigger push into fashion, and 2) consumer willingness/acceptance to shop fashion through Amazon.” Additionally, customers are increasingly demanding, which is fuelled by being better informed and by the willingness to leverage this information. As a result of both of these trends retailers are losing relevance. One of the main challenges facing retailers (and brands, btw) is that big scale online retailers can very strongly compete on price. They also have a strong edge in data, which fuels their online experience. But here is also the chief weakness of online retailers like Amazon: They are online retailers, which confines the experience that they can offer to, well, online. Consumers used and use stores for showrooming to get a physical experience of the product and/or service. This is a clear indication that online is not everything! Which is one of the reasons why Amazon experiments with Internet of Things devices like their Dash button, which they recently enhanced with an SDK; it does also explain why Amazon is experimenting with kiosks and retail stores....
Measure Customer Experience – But Don’t Over-Engineer
You have determined for your SME business that you want to improve your customers’ experience.But you do not know how to measure it. And you want tangible results fast. And you want to contain the risk. After all there is nothing more risky than a big venture that promises results only in the far away future… You have heard about this Internet of Things thing, beacons, customer journeys, sentiment analysis, and predictive, even intent driven analysis. But this all seems a bit big and daunting. You ask yourself: How to go ahead? And how do I measure success? Many companies, especially bigger ones, already have a voice of the customer (VoC) program, which is a good start. Not to be gotten wrong, there are all sorts of challenges with VoC programs. Getting insufficient replies, data that doesn’t really help, data that covers only one single channel, etc. etc. But then a VoC program is a very good start, if kept simple, and also consistently available across channels. It again is about thinking big while acting small. Key is to Ask the questions immediately in context with the activity you refer to, e.g. on exiting the store or the web site Keep the number of questions for your customers very low and to make answering them extremely easy. Correlate the customer replies with information that you get from your employees. Lastly: Act on the results. Nothing is worse than asking customers and employees for feedback and then doing nothing with it. Keeping the numbers very low while retaining the ability to get meaningful data is a stretch. There should not be more than 4, in...