Coveo Insights
Category Archives: CRM Myths
CRM Myth Buster #4: Your CRM will make all your customers happier
Have you ever played a game of Twister? The gyrations support agents need to go through to keep that 20% of customers who have really challenging issues to solve, happy, can be likened it to the Milton Bradley game. If you’re too young to know what Twister is, it’s a game where you connect your hands and feet in arbitrary and awkward configurations, to certain spots on a mat on the floor. You end up looking like a drunken spider. Plus you find muscles you didn’t know you had, which complain loudly. And you’re not the only player. Read more and comment…
CRM MYTH Buster #3 – Your CRM alone will help you sell more, faster
What powers a sale? If we look at recent best-seller sales books such as The Challenger Sale, power equals relevance to the prospect or customer, and an ability to challenge their views, in effect helping them to see their world with new eyes.
How can sales management empower sales executives with the real-time intelligence to be highly relevant and strong and credible challengers? It starts with understanding the prospect’s context – and that context is multi-faceted, with information about it stored anywhere and everywhere – and certainly far beyond the CRM system. Read more and comment…
CRM MYTH Buster #2 – Your CRM alone will give you the needed 360° customer view
If you could design a 360° customer view, what would it include? Has a CRM vendor asked this question of you? Or, does your provider decide what works best in a 360° view, and therefore decide how to define it?
I’m not saying that CRM providers don’t have good intentions. They absolutely do – but CRM systems alone cannot and will never provide that all-encompassing view. Not even if all the information you need for that view resides in the CRM system or its various modules. Read more and comment…
CRM MYTH Buster #1 – Your CRM alone is enough
CRM MYTH Buster #1
MYTH: Your CRM alone is enough
We would all like to believe that the latest incarnation of the CRM will handle it all: The panacea of all information in a single system of record. We’ve been through this cycle several times already. We’ve seen best-of-breed turn into larger platforms such as ERP. The promise of the all-in-one system that contains everything never happens, and won’t happen in the future. In fact, non-integrated systems and information sources have proliferated by a factor of 2.5 within the past 10 years for most companies. Systems that have been designed independently and don’t talk to each other. CRM systems, in fact, are further than ever from the 360° view of the customer promised for so long. In reality, no matter what you’ve been told or promised, CRM alone is not enough. Read more and comment…