|
|
||
|
Finance and Customer Management |
||
Driving value from customer acquisition, retention and management is critical to delivering business value, but many of the metrics and processes that have served front-office functions well in the past are no longer appropriate for today’s fast-moving competitive environment. Sales, marketing and customer service departments that continue to be driven by – and measured against – departmental or divisional goals may not tally with broader company objectives.
The Paper advocates a pragmatic approach to technology adoption, which includes step-by-step implementations, a renewed focus on analytics and real-time access to customer information wherever it lies. It also argues that customer value can be effectively delivered where customer relationship management (CRM) projects are built alongside existing technology, including back-office systems such as finance, HR, and logistics. This requires an enterprise-wide view of both the business and the technology infrastructure that supports it. From a practical perspective, technology projects are now subject to rigorous return on investment requirements – and examining business cases and providing sign-off is still one of the fundamental requirements for the finance director. In the conclusion to the paper we provide real-life examples of ROI figures that have been delivered. |
||
|
For Disclaimer and Copyright Notice, click here. © Webster Buchanan Research 2013 |
