Saturday, May 3, 2008

How CRM Software Helps in Account Management


The increase in competition in all business fields positioned customers at the top most point. Customer Relationship Management or CRM practices have thus became mandatory for all business enterprises today to satisfy their customers. Companies use standard and customized CRM software tools to enhance their customer relationship management activities. All these software programs are capable for automating each and every business processes from customer tracking to business undertakings, including account management practices.

Account management as the name implies is the storing, sharing and reviewing of all business accounts. Account management practices are so important to the business enterprises that they act as the chief resource for all customer and company related information. The introduction of CRM software solutions and sales force automation (SFA) practices made account management including data collection and data integration easy. These software programs eliminated traditional account management activities that need lot of paper works and manual labor.

The account management CRM software programs are capable of maintaining complete history of various accounts. They automatically track all small and large interaction of accounts such as customer contacts, money transformations, partnership programs, employee payment etc. Account management activities through CRM software solutions help the companies to store account and customer information in a centralized database connected to different data processing devices. These account management application software programs are capable of providing timely reviews and analytics about the financial health of an organization.

CRM account management software programs track each customer interacting with the company. These software programs store all customer information like customer name, customer visits, contact information, number of visits, visiting intervals, how much money spend on products/services etc in appropriate CRM databases. Timely these data are retrieved and integrated to find good customers. This CRM account management software feature helps organizations to design and develop suitable marketing and service plans for each customer. The built-in communication devices of the account management software help in marketing of products/services through direct marketing, e-mail and phone.

The standard features of modern account management systems include single database having links to all data resources of the organization, multiple modularity for receiving all data, capability to cope with any data format like work, excel sheet, images, graphs etc, adaptability to any operating system, web-linked communication devices for fast data tracking and recovery, the capacity to work both online and offline, and the capacity to carry out multiple functions like contact management, product management, lead routing , custom reporting , partner tracking and sales forecasting.

Customer relationship management software assisted account management guides employees to effectively provide appropriate services to their customers. Account management software enables the sales professionals to schedule and track activities related to accounts, tracing the delivery and to launch innovative business opportunities. The sales force automation and effective communication also help employees, especially sales representatives, to easily coordinate different activities. The company management can also monitor and regulate their employees more effectively. CRM software solutions also ensure flexibility of business in changing climates.

The other advantages of account management through CRM software include -time and working capital saving, elimination of manual data entry and paper works, timely warnings about inadequate data and deadlines, proper organization of data, easy data tracking and sharing, elimination of duplicate data entry and false data entry, helps in designing customer service plans, better trouble shooting and above all less mental pressure on company management and workers.

This article has been provided by eSalesTrack.com , a US based provider of on-demand CRM (Customer Relationship Management) and other application software such as Sales Force Automation. To learn more about CRM visit CRM Articles.

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Friday, April 11, 2008

How To Calculate CRM Total Cost Of Ownership (TCO)

Although it may look and sound complicated, calculating the Total Cost of Ownership (TCO) for on demand CRM is as simple as elementary subtraction. Or to go one step further, more money will be going into your business rather than the system that struggles to support it. The on demand model affords customers greater flexibility in accessibility and product, hassle free hosting of information, upgrades year round and greater security of information, just to name a few perks!

For those not using on demand CRM allow me to break down its cost effectiveness versus out of the box or custom built solutions:

For starters you can take your current IT costs and subtract all your hours and dollars spent on system maintenance, upgrades, integration and up keep.

Now further subtract the cost incurred for hosting your current network or CRM application. If it is in house then you can deduce server costs, power costs etc... If you host via third party you can go ahead and drop that cost all together.

So things are starting to look a little brighter!

For those who currently use an out of the box CRM system, you can go ahead and knock off the costs incurred for support, training, customization and yearly upgrades, and every other hidden fee you incur.

I am sure that by now some of you are probably feeling a little skeptical; and I don?t blame you, the potential to save this much money definitely warrants some initial second guessing. But don?t let me convince you, see for yourself and put your worries to rest once and for all.

No upfront costs ? with on demand CRM, the software is already built and it is entirely hosted online, all you have to do is subscribe and start using it.

No downloads ? the on demand CRM platform ensures you are never burdened by continual downloads cluttering up your computer and network while slowly eating up your memory.

No hosting fees ? the on demand platform is designed, built and maintained by an expert IT staff, hosted at an external secure location with manned security personnel. Enabling you the user to focus solely on your business and only your business.

Customizable platform ? the on demand SaaS platform is readily customizable by expert developers and product engineers. No longer will you have to fork over thousands of dollars to mash stand alone legacy systems into a tedious and often bug ridden enterprise solution.

Free upgrades ? with the flexibility of the on demand CRM model, top CRM vendors can offer continual and seamless updates and enhancements to their solution.

Security of Information ? a common misconception with the on demand platform is the issue of information security. While many find comfort in having their information hosted on site, they are in fact more vulnerable to intruders or hackers, or disgruntled employees then they would be by using the ASP/on demand platform. A good CRM vendor out sources the hosting of their servers to ISP providers, thus guaranteeing greater security and up time for their customers.

There is no denying the aforementioned facts, on demand CRM offers you greater bang for your buck when compared to the conventional out of the box offerings. On demand CRM removes the headaches of IT maintenance along with its hefty costs, it optimizes your employee work rate and in turn, allows you to bring in more money while spending less. Not to mention your company info could not be more secure!

Colin Duffy enjoys writing about CRM subjects and on demand CRM and ERP software vendors such as Salesboom ( http://www.salesboom.com )

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Wednesday, March 12, 2008

The Importance Of CRM

Competition in CRM, driven by globalization and the internet has turned things around.

Customers have a variety of choices and most importantly, they have become more knowledgeable and demanding.

It is no myth that they are King.

With this scenario, enterprises have realized that it is not just enough to satisfy and delight them but also build genuine relationships in a way that would benefit them.

Customer Relationship Management CRM initiatives are designed with the goal of meeting Customer expectations and needs in order to achieve maximum Customer lifetime value and return to the enterprise.

The use of Customer Relationship Management products, CRM software and CRM solutions will enhance the effective implementation of CRM in an organization.

There are CRM success stories, but success in a Customer Relationship Management CRM implementation may best be measured by the restraint an organization shows in its goals and expectations.

By understanding the roles and benefits of IT as a CRM enabler, you"ll learn best practices for deploying information technology in a controlled manner within a cohesive, enterprise-wide architecture.

By providing the means to manage and coordinate Customer interactions, Customer Relationship Management CRM technology helps enterprises maximize the value of every Customer interaction and in turn drive improved corporate performance.

Putting all Customer Relationship Management CRM facets into one coherent, organized presentation to the Customer could require the services of a systems integrator.

It would most certainly require training everyone from webmasters to call center workers to field sales technicians.

The need to better understand Customer behavior and focus on those Customers who can deliver long-term profits has changed how marketers view the world.

S. Maurer is a 53-years old college graduated IT professional, with 30 years of experience in the computer & technology business. Now is the Correspondence Courses Director of http://international-businesses.net. Other languages in http://tips-on-project-management-pm.business-technology.us

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Friday, February 29, 2008

Microsoft Dynamics AX-GP-NAV-CRM: Trends and International Recommendations

Microsoft Dynamics project ? or formerly referred as Project Green should unify and modulate all Microsoft Business Solutions ERP applications: Microsoft Great Plains/Microsoft Dynamics GP, Microsoft Navision (former Attain) Microsoft Dynamics NAV, Microsoft (Navision) Axapta/Microsoft Dynamics AX. The challenge of unification probably will result in quality change for the unified interface, such as Web/Business portal/Microsoft Outlook & MS Office integration, Deployment of new technologies, such as Microsoft Sharepoint with workflow automation. Plus the development platform for Microsoft Dynamics products should shift from proprietary tools, such as Microsoft Dexterity, C/SIDE, MorphX (no confirmation for Axapta yet ? but we guess it should follow) to C# and VB.Net with VisualStudio. In this small article we will try to orient IT managers in Microsoft Business Solutions MRP products selection for international and regional markets.

? Microsoft Dynamics GP. The regional markets for Great Plains 9.0 and following Microsoft Dynamics GP 10.0 version will narrow: United States, United Kingdom, Canada: both English and French speaking, Australia, New Zealand, South Africa and other English speaking countries in Asia, Africa and Worldwide, plus Spanish Speaking Latin America. Microsoft Dynamics GP 10 will not be available for Germany, France, Belgium, Netherlands, Poland ? the last version localized for these European countries will be 9.0 ? June 2006

? Microsoft Dynamics NAV. Currently Navision has very good presence in Europe, including East Europe: Poland, Russia, Ukraine, Czech Republic, Slovakia. Microsoft also localized Navision for new markets, where it just moved in: Brazil for example ? it was interesting development in Brazil ? first Microsoft probed Solomon, then Microsoft Great Plains 7.5 and in 2004 replaced it with localized Navision

? Microsoft Dynamics AX. Microsoft Axapta, opposite to Navision or Great Plains where market shares are gained/divided and competition is based on renovations and product improvements, Axapta has great potential yet to be deployed, coming from its modern and very futuristic system design and architecture. Being targeted to upper mid-market and corporate clients Axapta shows very good progress on emerging markets: in Russia for example the number of Axapta installation is similar and comparable with the number of Navision installations. Plus, in 2005 large number of Microsoft Business Solutions gold certified partners rushed into Axapta consulting arena ? this is seen in the USA, UK, Australia and continental Europe. In Brazil currently MBS in local Portuguese Axapta launching mode ? localized for Brazilian tax code

? Microsoft Dynamics CRM. Is planned as front CRM solution for the majority of Microsoft Dynamics ERP system: integration with Microsoft Dynamics GP is available for GP 7.5, 8.0, 9.0 and CRM 1.2 and 3.0, Microsoft Navision ? through third party integrations, Axapta integration is planned. Microsoft has Microsoft CRM as worldwide product, so you should not have any doubts regarding your regional market.

? Competition. Oracle is on the way with Oracle Fusion project, aiming on Oracle Financials/Applications/E-Business Suite, PeopleSoft, JDEdwards and potentially Siebel integration. SAP with the purchase of new mid and small market ERP: SAP Business One and Mendocino ? for SAP R/3 is catching up


Andrew Karasev is Chief Technology Officer at Alba Spectrum Technologies ( http://www.albaspectrum.com http://www.greatplains.com.mx http://www.enterlogix.com.br ) - Microsoft Business Solutions Great Plains, Navision, Axapta MS CRM, Oracle Financials and IBM Lotus Domino Partner. Please do not hesitate to call or email us: USA 1-866-528-0577, 1-630-961-5918 help@albaspectrum.com

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Monday, December 17, 2007

Is CRM Technology Living Up To the Hype?

Over the last few years the buzz about CRM (Customer Relationship Management) has grown extensively. It seems that every Sales & Marketing executive is talking about it. A study conducted by Jupiter Media Metrix found that U.S. businesses spent more than $5.2 billion in CRM technology software in 2001, a number that is expected to rise to $8.7 billion by 2006. CRM spending has been growing considerably, especially in financial services, retail, and telecommunications.

Many companies have invested in CRM systems to retain customers who demand more and better services by the day, but why? Due to recent trends, consumer behavior has changed dramatically in the last couple of years, and even more with current market conditions. According to a study made by The Center for Customer Strategy, consumers are less concerned with minor price differences, but choose companies based on their value-added services. They want to be able to get what they need, quickly. With tools like the Internet, its now a lot easier for both consumers and businesses to compare offers, and switch over if their needs arent met. This is especially true of high-value customers that produce the most profit for the business.

Businesses are scrambling for ways to retain these customers, and attract new ones in the process. So how is CRM an answer to keeping up with these trends? CRM is a strategy (no, not software) to transform your business to be customer, not product, focused. The CRM software is just a tool that helps the company carry out this strategy. Depending on its implementation, it can help your business identify who your customers are, what they need and anticipate what could want. It allows businesses to tailor offers to their current customers, building closer relationships that make them feel valuable. It can help eliminate contact and data overlap between departments and improve consumer service. For example, Leah Holzman, Marketing Manager of TradeCard Inc, explained how the marketing and sales departments in her company had problems tacking each others progress and customer data. They spent hundreds of hours managing disparate data across multiple systems. That is, until they implemented a CRM initiative with the help of Salesforce.com. Overall, CRM can make your company more efficient and customer-friendly to capture greater market share, increase customer loyalty, and attract more customers.

So far, CRM sounds like a dream come true. Yet studies show that more than half of CRM initiatives fail. Despite rising spending in CRM, a survey of 1,200 businesses executives conducted by the Data Warehousing Institute showed that 41% considered their CRM project a potential flop. Only 16% were satisfied with their CRM software implementation. As one senior marketing executive claimed, We turned a manual mess into an automated mess, and as a result we just made the same mistakes faster and more efficiently.

The problem with these companies is not that CRM automation fails to meet expectations. There are several reasons why these systems dont always generate the desired results. And most times, it has nothing to do with the software. The biggest mistake that a manager can make is think that once the software is installed, all problems will be solved. To be successful, a CRM initiative must be a company-wide strategic culture change and process design. It entails getting all your employees (not only customer service) to change the way they perform their every day tasks so that the appropriate information is collected and used in a productive way. The software is just a tool that keeps things organized so that a successful CRM is easier to accomplish. As any change in a corporate culture, this project requires complete support from senior management.

One of the most common problems is that data collected isnt used. Great sums of money are invested in collecting all different kinds of information on clients, yet many times this information is never analyzed, never used to understand the customer or provide all the benefits that CRM can deliver.

For better results, a company investing in CRM must first evaluate their current situation. They should determine what problems need to be solved, and what type of data are needed. Since implementation is often a complicated process (especially in large companies), it is vital to get input from all departments. It is also a good idea to include your customer in the process to get a better idea of what changes will be embraced. Often when a CRM initiative is left up to the IT department, it is harder for other areas of the company to accept any changes in processes (which are usually substantial). To be successful, the initiative must take place throughout the entire company. Employees must be trained to function with the new technology and processes.

When considering a vendor and/or product, its imperative that any software, system or processes implemented are flexible. They can then adapt, along with a company, to changing times and trends. This is especially useful in growing businesses, where needs might change as client bases grow and business expands.

No matter what precautions you may take when planning and implementing a CRM initiative, the only thing that can assure its success for the company are your people. After all, the whole concept of CRM is based on relationships. And those cant be completely automated. There is no technological substitute for a friendly voice or face that understands a customers troubles and is willing to go above and beyond to provide the best service. CRM can only help a company manage these relationships to provide a more personalized service to loyal customers.

Mark Levit is managing partner of Partners & Levit Advertising and a professor of marketing at New York University. For more information visit http://www.partnerslevit.com or call 212.696.1200. SEO Copywriting Makeover: Good Rankings but No Sales Part 2 of 2Karon Thackston

In Part 1 of this article series, we looked at a local home security site that had fairly good rankings but whose conversion rate was lacking. (You can see the original copy here: http://www.copywritingcourse.com/topsecurity-original.pdf.) Here in the conclusion, you'll see how several changes helped maintain this company's good rankings while improving their site's lead generation abilities.

The Rewrite

My first thought with the rewrite was to stop making "trust and urgency" the undertones and instead make them the obvious focal points of the copy. As usual, I started with the headline. The previous headline was:

When every second counts, turn to Top Security, Inc. who has been securing Orlando / Central Florida homes and businesses for 689,453,910 seconds.

I wanted something more direct so I changed the headline to:

Top Security, Inc. of Orlando
Security Systems From a Trusted Neighbor

This included one of their keyphrases and also made it perfectly clear this company was local and trustworthy.

For the introductory paragraph, I wanted to get the visitor's attention and hold it long enough to make a point: That security is something you need to think about now, not later. I opened with the following:

"If only Id called you sooner." "I never thought this could happen to me." These are just a few of the many comments we have heard from our customers in Orlando. Security systems suddenly became a top priority for them, but not until after theyd experienced a frightening break-in or a devastating fire. After these disasters, our Orlando neighbors were convinced that burglar alarm and security issues should be a forethought, not an afterthought.

The copy does not beat the visitors over the head with the fact that they could be hurt, face losses, or experience some other frightening situation. It simply plants a seed of "what if" and moves on.

This section of the copy also lends support to the keyphrases Top Security wanted to rank highly for. Because "Orlando Security Systems" can be an awkward phrase to repeat, I split it up in several instances to help the flow of the copy stay natural.

The remainder of the page speaks to the facts that Top Security is local, has longevity in the community, is right around the corner, and offers several other benefits national security companies simply can't (or won't). Benefit after benefit is listed and explained in order to drive home the fact that a local company can and will provide exceptional service. You can see the current version here: http://www.copywritingcourse.com/topsecurity-current.pdf.

All throughout these sections of the copy, keyphrases are reinforced in the copy. When applicable, keyphrases are used in bold phrases or others that include special formatting. However, I never forced keyphrases someplace they didn't fit just for the sake of doing it. Keyphrase placement has to meld with the copy, not overpower it.

The call-to-action for the home page was simple. It asked three questions dealing with the biggest complaints about home security that users or potential users have regarding dependability, false alarms, and price.

The Results

The high rankings Top Security had prior to the SEO copywriting makeover were retained for most terms and even increased for a few others. While that's great, what's more important is that lead generations from the site increased, which gave Top Security, Inc. a broader customer base and the potential to make more sales they previously would not have been able to make.

It just goes to show that, even if your site has high positioning, copywriting can play an incredibly important role in bringing growth to your business. After all, what's the point of having good rankings if you have no sales?

by Karon Thackston © 2004-2005
http://www.copywritingcourse.com

Karon Thackston is a veteran copywriting pro who specializes in SEO copy. If your copy isn't getting results, let Karon teach you how to write SEO copy that impresses the engines and your visitors at http://www.copywritingcourse.com. Be sure to check out Karons latest ebook How To Increase Keyword Saturation (Without Destroying the Flow of Your Copy) at http://www.copywritingcourse.com/keyword.#BREAK#

Karon Thackston is a veteran copywriting pro who specializes in SEO copy. If your copy isn't getting results, let Karon teach you how to write SEO copy that impresses the engines and your visitors at http://www.copywritingcourse.com. Be sure to check out Karons latest ebook How To Increase Keyword Saturation (Without Destroying the Flow of Your Copy) at http://www.copywritingcourse.com/keyword.SEO Copywriting Makeover: Good Rankings but No Sales Part 1 of 2Karon Thackston

It's been a myth for as long as the Internet has been in existence. Get good rankings and your site will be successful. I hate to be the bearer of bad news, but that has never been the case. What you get when you achieve good search engine rankings is a lot of traffic. That *can* be a wonderful thing, but it by no means guarantees even one sale.

You see, search engine rankings are not responsible for making sales. They are responsible for getting visitors to click to your site. If you (or your search engine optimizer) have done your job, you'll have descriptions in your search returns (or PPC ads) that bring in qualified visitors. But still even with qualified visitors, the engines are not in a position to make sales at your site. That's the job your copy and usability elements handle.

Top Security, Inc. faced this problem. They had good search engine rankings. They were listed on the first page of most of the major engines. They had the traffic. Sales, however, were not where they wanted them to be. What was the cause? One look told me the copy was the culprit. (Take a look at the original copy here: http://www.copywritingcourse.com/topsecurity-original.pdf.)

The Problems

Top Security had a tough sale by anybody's standards. They sold home security systems and maintenance services. (Something hardly anybody likes to talk about until after something happens, and it's virtually too late.) In order to get someone to move on products/services like home security, insurance, and the like, you really must develop a sense of trust and urgency.

When I first viewed the Top Security, Inc. home page, it was obvious that they knew what they needed to do. They had made a few attempts on the page in the form of graphics and MP3 files to accomplish those two goals. For example, they posted a current Threat Advisory graphic from the Department of Homeland Security (establishing urgency). There was also an MP3 that played kindergarten children singing "God Bless America" (plays toward patriotism and trust). Lastly, the headline was designed to try to build a sense of longevity. However, none of these was reflected in the copy. The most important part of the page was overlooked.

In order to turn the home page around, the salesman of the site (a.k.a. the words) needed to speak to the visitors in their own language. It needed to show them what can happen to those who have no security system and then offer a way to prevent those tragedies. The copy had to give assurances and build trust while at the same time helping visitors to stop procrastinating and make a move now.

While current rankings were good, there was still room for improvement. For search engine purposes, the copy needed to offer better support for the chosen keyphrases. There were virtually no keyphrases in the original body copy and that had to be changed.

The Solutions

The biggest part of the solution for Top Security was to develop copy for the home page period. The copy on the original site was minimal, was company-focused instead of customer-focused, and needed to do a better job of addressing the needs of the site visitors and search engines.

The new copy had to set a tone of trust and community since Top Security dealt only with local Florida residents. In fact, I pulled out all the benefits small, local companies can offer their customers in order to play up Top Security in the new copy.

At the same time, I wanted to weave the client's keyphrases into the text without making them stand out. The goal was to have a home page that read as naturally as possible to humans while giving the spiders and bots what they needed in order to boost Top Security's rankings.

In Part 2 of this article, I'll show you how I implemented the changes in order to improve conversions and what the results were.

by Karon Thackston © 2004-2005
http://www.copywritingcourse.com

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