CREATING A CUSTOMER-CENTRIC BUSINESS

Published : 11 years ago, on 04/04/2014

Jeremy Roche, president and CEO of FinancialForce.com, explains how connecting back-office and front-office functions enables a broader customer view

In a recent study, 88 per cent of CEOs indicated that they considered getting closer to customers a top priority. However, most companies narrowly confine the customer experience to the front office within sales, service, and marketing domains. By doing this, they are building a customer-centric strategy that only goes halfway. This is not enough.

The demands of today’s customers have changed – they want instant answers and deeper access, meaning an outdated CRM system can no longer provide all the solutions. To become truly customer-centric, businesses now must connect office functions including billing, receivables, and product/service delivery to the front office to gain a comprehensive view of customers for the purpose of better serving them.

Through this customer-centric approach, businesses will arm customer facing employees with the information they need to serve their customers by answering their questions and delivering a one call resolution. Each department will be able to focus on serving all requests at any point during a customer’s journey. Legacy management structures, old operational practices, and outdated systems should no longer be an excuse.

But how can a company truly connect with customers? The following tips can help any business become more customer-centric:

Build business processes with the customer in mind

Ancient disparate systems and artificial department barriers prevent companies from operating at optimal speed. Organisations must turn to solutions that will take the time and effort out of enterprise resource planning (ERP) and increase the pace of its processes.

The growing adoption of social and mobile tools in business is helping to reach this goal by connecting customers, employees, partners, and products in a single system, providing everyone with a unified view of the entire customer journey.

Keep information in a multi-dimensional system that can be easily accessed by the entire organisation

What does a customer service representative do when a customer calls and asks, “Where’s my order?” To answer the question, the agent must be armed with the right information to establish if the order is delayed in distribution, still with the supplier, on hold due to payment issues, etc.

Traditionally, businesses have implemented systems of engagement (CRM) separately from systems of record or operations (ERP). This divide has led to barriers between departments and the split of customer information. To answer customer service questions efficiently, the walls between the systems of engagement, systems of record, and systems of operations should be eradicated, and customer information should be visible to each and every employee. In fact, they should all be considered systems of engagement in a customer-centric business.

Don’t be afraid to ‘over communicate’ with customers

Conversations are key to personalising the customer experience but are often lacking in many of today’s ERP systems. By embedding social and mobile components into business applications, companies can track relevant notes alongside transactions, accounts, reports, or other objects. Conversations traditionally lost in a sea of emails can be attached to any business activity. This helps to put more contexts around a cold transaction, which enables employees to understand both their customers and colleagues.

To remain competitive, companies must evolve to their customers’ ever-changing needs. It is only through removing barriers and overcoming silos that businesses can increase visibility and compress time out of processes to meet customer expectations.