Can your In-house System accelerate growth?
Many businesses believe that owning a customer facing
application makes them a customer-centric organisation. They
hastily embark on the CRM initiative by solving a specific
'current' problem, rather than having a holistic CRM approach
towards customer-centricity. As the organization grows, newer
problems arise and the application becomes more of a gridlock than
an accelerator for progress.
Being a home-grown system, it further compels rework. This
tangles maintenance, updating and training - taking the
organization further away from customer-centricity and making them
a victim of their own invention.
Have your organisation's CRM needs outgrown the in-house
application?
The moment of truth, a reality check -
- Can your home-grown CRM create a single view across all
customer touch points, channels, applications and functions?
- Can your system embrace newer media, add teams, geographies,
etc. on the fly, without making any code change?
- Does your system build on the foundation of best practices not
only of your industry but also across industries and
geographies?
- Is your system able to implement unified TAT and comply with
SLAs that span across multiple departments and systems?
- Is the outcome of reports just data or information that
provides actionable insights to facilitate better decision
making?
- Are you able to provide decision making with progressively
evolving reporting engine support?
- Are you able to maintain the application with high attrition in
your IT staff?
The genesis of home-grown applications
Organizations aim to make their services or sales more efficient
by building applications that lower response time and create a
database of leads/ customers' likes, dislikes, investments, etc. As
the number of customers increase manifold they invest more time and
money into their application to make it cope with the new
responsibilities. The puzzle becomes more confusing as the
operations required from the in-house application grow complex,
since it was originally designed only for a specific existing
problem.
The exponential traffic growth at a customer support desk forces
an organization to build a system for managing their service
requests. To improve demand, a telemarketing group is set-up;
however, leads are still missed, so a lead management system is
also added.
With the growing volume of customers, servicing becomes more
complicated, lead management more unpredictable and marketing
expenditure is unknown. The in-house application starts to cripple
the progress instead of supporting it!
In-house systems may meet your past/ current needs, but do they
provide any added advantage for surpassing future needs?
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In-house CRM
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Commercial CRM
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Cost Aspect
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Low to start, high in the long run
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Options available - SaaS and On Premise
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Time to Implement
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Delayed ROI
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Instant ROI
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Functionality
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Replicates the current scenario
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Comprehensive
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Security
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Less secure
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Best-in-class security
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Best Practices
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Organisation's practices
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Across industries & geographies practices
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Application shortcoming
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Risks are internal
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Onus of Commercial CRM provider
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Maintenance
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Dedicated team to support
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Commercial CRM provider's responsibility
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Enhancement
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Rigid structure
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Flexible & scalable
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Upgrades
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Internal responsibility
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Commercial CRM provider's responsibility
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Solution Approach
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Current problem-based, more departmental in nature
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Futuristic & versatile
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Reporting Nature
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Mostly operational MIS
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Analytical and insightful
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User Adoption
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Low - usability & productivity features are missing
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High - more productivity features with universal appeal
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Documentation
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One-time, seldom up-to-date
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Comprehensive and up-to-date
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Integration
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Mostly stand-alone, weak Integration
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Strong integration framework
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