ORACLE-Customer-Concepts EN 2011-01
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Issue <strong>2<strong>01</strong>1</strong>.<strong>01</strong><br />
Delivering<br />
a superior cross-channel<br />
customer experience<br />
Sales Leadership<br />
The key to sales success<br />
Service That Sells<br />
How to turn customers<br />
into advocates<br />
Integrated Sales<br />
And Marketing<br />
The business benefits of<br />
better alignment between<br />
sales and marketing
“Many organisations<br />
are looking for ways<br />
to meet service, sales<br />
and marketing challenges<br />
more effectively.<br />
If yours is one of them,<br />
this magazine is for<br />
you.”<br />
In This Issue<br />
DISCOVER HOW TO<br />
MAXIMISE AND INTEGRATE<br />
SALES, SERVICE AND<br />
MARKETING<br />
Welcome<br />
<strong>Customer</strong> concepts that<br />
drive your success<br />
Over the last decade, the balance of power in the purchasing process has shifted<br />
decisively in favour of the customer. Even in the last five years, social media<br />
channels have added a new dimension to the way in which products and services<br />
are sold and perceived by target audiences. Reputations and sales can be significantly<br />
boosted or seriously damaged in no time at all.<br />
For organisations engaged in sales, managing relationships with prospects and<br />
customers has become much more complex. Simultaneously, they are expected<br />
to understand customer needs more deeply and react more quickly to customer<br />
requests – whether it is a sales enquiry or a complaint. This poses a significant<br />
challenge and many organisations are looking for ways to meet it more effectively.<br />
If yours is one of them, this magazine is for you.<br />
SALES, SERVICE AND INTEGRATION<br />
In this first edition of <strong>Customer</strong> <strong>Concepts</strong>, we focus on three topics – sales leadership,<br />
customer service and the integration of sales and marketing processes.<br />
Making improvements in all three areas can deliver better business results. We<br />
show you how it is done.<br />
EXPERI<strong>EN</strong>CE THE <strong>ORACLE</strong> DIFFER<strong>EN</strong>CE – LIVE!<br />
We are holding a series of Executive Forums for Sales and Marketing Directors<br />
across the EMEA region over the next few months. Attendance will give you the<br />
chance to discuss key customer experience topics with your peers and Oracle<br />
experts. Of course, Oracle OpenWorld is also on the horizon and sales, marketing<br />
and customer service are sure to be important topics. Look out for registration<br />
announcements soon.<br />
I hope you find the first edition of <strong>Customer</strong> <strong>Concepts</strong> valuable. If you have any<br />
ideas, suggestions or requests regarding any aspect of the magazine, please do<br />
not hesitate to contact me.<br />
Best regards,<br />
Steve Fearon<br />
Vice President, Applications Sales Development,<br />
Alliances & CRM On Demand, EMEA<br />
Oracle United Kingdom<br />
Next Issue<br />
WE EXPLORE THE<br />
SECRETS OF GREAT<br />
CUSTOMER EXPERI<strong>EN</strong>CE<br />
MANAGEM<strong>EN</strong>T<br />
Contact Us<br />
FOR FURTHER<br />
INFORMATION<br />
0870 876 83<strong>01</strong><br />
applications_gb@oracle.com<br />
The way that organisations interact with customers has<br />
changed radically over the last 5-10 years. We look at<br />
three key aspects of sales leadership to identify some of<br />
the ways that you can drive sales excellence.<br />
SUCCEED IN SALES TRANSFORMATION<br />
Sales transformation describes the kind of fundamental shift<br />
in how a company goes to market that is required as a result<br />
of strategically significant events. These could include acquisitions,<br />
new products and service launches, or disruptive<br />
change in the market. Here are three strategies to ensure<br />
success:<br />
1) Have an investment mindset. Many attempts at<br />
sales transformation are unsuccessful because senior management<br />
continues to prioritise short-term goals. Sales<br />
transformation is a long-term process and should be seen<br />
as an investment that helps ensure the future prosperity of<br />
the business. Success requires a deep understanding of the<br />
current return on sales and the setting of clear goals and<br />
objectives that have full management support.<br />
2) Take a systematic approach. Define the best route to<br />
the customer. Design the sales structure in terms of role,<br />
headcount and deployment. The next step is to apply a<br />
comprehensive management system which covers recruitment,<br />
hiring, on-boarding, mentoring, talent management,<br />
performance , goal-setting and compensation.<br />
3) Support the implementation of change with a strong sales<br />
operations infrastructure.<br />
Listen to the podcast here:<br />
oracle.com/goto/sales-transformation/en<br />
DRIVE A SUCCESSFUL SALES CULTURE<br />
Selling is central to the health of almost any organisation,<br />
but some sales cultures make success much more likely.<br />
Here are three rules to follow that help you emulate them:<br />
1) Identify the right relationships, solutions and services to<br />
meet the needs of your customers. Next, combine leadership,<br />
good communication, innovation (including creative<br />
problem-solving) and teamwork to ensure you deliver.<br />
2) Make the right investments in your sales people, from<br />
training to mentoring and ensuring that leaders lead by<br />
example .<br />
Sales Leadership<br />
The key to sales success<br />
2. 3.<br />
3) Get the fundamentals right by establishing a consistency<br />
of excellence that is applied to every single transaction. This<br />
approach will enable your organisation to increase productivity,<br />
hit sales targets and improve customer satisfaction.<br />
Listen to the podcast here:<br />
oracle.com/goto/sales-culture/en<br />
Effective<br />
Sales Transformation<br />
Successful<br />
Sales Culture<br />
Sales Leadership<br />
<strong>Customer</strong>-<br />
centric<br />
Organisation<br />
CREATE A CUSTOMER-C<strong>EN</strong>TRIC ORGANISATION<br />
Most organisations are too concentrated on their own<br />
performance and lack focus on the success of their<br />
customers . Here are three ways to address this imbalance:<br />
1) Map the customer’s journey from awareness to loyalty<br />
and include everyone with involvement in customer touch-<br />
points to contribute to establishing excellence.<br />
2) Quantify your current ability to drive customer satisfaction<br />
and referrals. The well-known Net Promoter Score methodology<br />
is a good way to approach this.<br />
3) Create a customer council with representatives from every<br />
customer-facing department. Ideally, this council should<br />
be led by a Chief <strong>Customer</strong> Officer. Use the council to<br />
stimulate ideas for driving and measuring customer-centric<br />
change.<br />
Listen to the podcast here:<br />
oracle.com/goto/customer-centric/en<br />
Sales Success Podcasts<br />
Learn more about all of these sales<br />
success strategies with our special<br />
podcast series:<br />
oracle.com/goto/sales-leadership/en
Loyal customers are essential to your organisation – they<br />
help to ensure survival in competitive markets. Furthermore,<br />
loyal customers that attract new customers by<br />
advocating your products and services are even more<br />
valuable. <strong>Customer</strong> loyalty is one of the things that<br />
differentiates market leaders from average performers.<br />
How do you maximise loyalty and turn customers into<br />
brand advocates?<br />
TURNING LOYALTY INTO ADVOCACY<br />
The reasons for prioritising customer loyalty are well known:<br />
• It costs significantly more to acquire a new customer than<br />
it does to retain an existing one*<br />
• Increasing customer loyalty by a small amount can drive<br />
big gains in revenue and profitability**<br />
Perhaps not so well known is just how valuable customer<br />
advocacy can be. According to a Harvard Business Review<br />
study published in 2007, customers that actively recommend<br />
a product or service can generate up to 25 times the<br />
value for the vendor that they contribute themselves***.<br />
However, to become advocates, they need to have been<br />
exposed to a truly exceptional customer experience.<br />
SEGM<strong>EN</strong>TATION IS KEY<br />
For many organisations, it may be cost-prohibitive to invest in<br />
an exceptional level of service for every customer. It makes<br />
sense, therefore, to identify which customers are most likely<br />
to become advocates. This requires a large volume of high<br />
quality data about long-term customer behaviour. Nowadays,<br />
conversations taking place via social media channels can<br />
be valuable in adding richness to that data, or in identifying<br />
new advocates. Once identified, it is time to focus on four<br />
key areas of the customer experience that can help drive<br />
advocacy - convenience, speed, relevance and relationship.<br />
Service That Sells Integrated Sales and Marketing<br />
Brand advocacy:<br />
why it matters and how to drive it<br />
Better <strong>Customer</strong> Service<br />
Learn more about strategies for<br />
improving customer service.<br />
Download the white paper now:<br />
oracle.com/goto/effective-service/en<br />
CONV<strong>EN</strong>I<strong>EN</strong>CE<br />
It sounds obvious that customers value convenience – until<br />
you realise that inconvenience is the norm. This ranges<br />
from websites that are hard to use, incomplete or simply<br />
broken, to convoluted support escalation processes. Today,<br />
making the same real-time customer experience available<br />
via multiple communication channels, in an integrated way,<br />
provides a great opportunity for differentiation.<br />
SPEED<br />
Maximising the speed of enquiry processing or problem<br />
resolution depends on enabling sales staff through three<br />
key capabilities:<br />
• Quick access to all the relevant information<br />
• Consistent sharing of information across multiple channels<br />
(e.g. web, phone and physical store)<br />
• Automated decision-making through business rules built<br />
into CRM systems<br />
These capabilities can turn a good customer experience into<br />
a great one.<br />
RELEVANCE<br />
It pays to take a smart approach when using service interactions<br />
as potential cross- and up-selling opportunities.<br />
For example, today it is possible to combine historical and<br />
recent buying behaviour with social media data. Doing<br />
this produces finer-grained intelligence that helps service<br />
personnel identify the most potentially relevant products<br />
and services for customers.<br />
RELATIONSHIP<br />
Building personal bonds with real people, rather than going<br />
overboard with automation, helps build higher quality<br />
customer relationships. For some customers, reliable access<br />
to someone that can help them is all they need. For others, a<br />
proactive response to their enquiry or complaint via a social<br />
media channel can transform their opinion about a company.<br />
Ultimately, combining these four elements into a customer<br />
experience that the competition simply cannot match, could<br />
be the difference between market leadership and obscurity<br />
for your organisation. CC<br />
* Ohio State University, http://ohioline.osu.edu/cd-fact/13<strong>01</strong>.html<br />
** Frederick Reichheld, The Loyalty Effect, Harvard Business School Press<br />
*** V. Kumar, J. Andrew Petersen and Robert P. Leone, “How Valuable Is<br />
Word of Mouth?“ Harvard Business Review, October 2007<br />
Alignment that drives results<br />
It is a familiar story. Sales thinks the leads generated by<br />
Marketing are worthless. Marketing thinks Sales does<br />
not act on the leads it delivers. Muddling through that<br />
situation is no longer enough in today’s web-centric,<br />
real-time economy. To maximise organisational success,<br />
the gaps in information, insight and action have to be<br />
bridged. The only question is: how?<br />
SALES AND MARKETING –<br />
DEFINING THE DISCONNECT<br />
Theoretically, sales and marketing teams are working towards<br />
the same goal – maximising profitable revenue. In<br />
practice, the strategies and tactics they employ to reach<br />
that goal can be very different, or even contradictory. Siloed<br />
information is one of the key drivers for the lack of alignment.<br />
Sales uses one system, Marketing use another. There<br />
is no communication between the two. Information visibility<br />
is poor. Strategic alignment is non-existent. And that means<br />
lost leads, lost sales and revenues that are lower than they<br />
could have been.<br />
WHY ALIGN?<br />
Thanks to the Internet, buyers of any product or service<br />
are far more educated than they were fifteen, ten or even<br />
five years ago. From corporate websites to review portals<br />
and social media channels, customers and prospects are incredibly<br />
well-informed. As a result, Marketing has to work<br />
harder to ensure that information is engaging, accurate and<br />
up-to-date. In turn, sales teams have to be fully aware of the<br />
buyers ’ knowledge-levels before they speak to them.<br />
4. 5.<br />
In fact, an independent survey of over 1000 consumers in<br />
the US revealed that buyers often use multiple sales and<br />
marketing channels before making a purchase. An optimal<br />
customer experience depends on those channels communicating<br />
the same message consistently. That means it has<br />
never been more important for Sales and Marketing to align.<br />
G<strong>EN</strong>ERATING A HOLISTIC VIEW<br />
The key to better sales and marketing alignment is a single<br />
view of the truth in terms of customer histories, current<br />
behaviour , buying cycle status and likely future needs. It<br />
is a lack of systems-integration that usually prevents the<br />
realisation of that unified view.<br />
Automation within CRM systems is nothing new. Sales<br />
people rely on automated tools for managing their accounts.<br />
Marketing teams use them to make campaign development<br />
and execution more efficient. However, trying to squeeze<br />
all that functionality into a single application environment<br />
through ad hoc integration rarely ends well. Systems<br />
designed to combine sales, marketing and service functionalities<br />
from the outset, are a different proposition.<br />
Oracle’s CRM On Demand enables sales and marketing<br />
teams to share information and manage the pipeline actively<br />
together, helping to reduce the cost of lead generation and<br />
increase lead conversion rates. Information sharing also<br />
increases the accuracy of customer data and giving sales<br />
people a complete picture of their customer’s behaviour. The<br />
impact of various sales and marketing activities becomes<br />
much easier to measure. The intelligence generated<br />
improves the effectiveness of future activities, creating a<br />
virtuous circle of information and action.<br />
The end result? A more successful business that understands<br />
the needs and behaviour of its prospects and<br />
customers better than ever before. CC<br />
Integrate And Automate CRM<br />
Align sales and marketing for better<br />
business results .<br />
Download the white paper:<br />
oracle.com/goto/automate-crm/en
Success with<br />
Oracle CRM On Demand<br />
Hundreds of organisations in Europe and around the<br />
world are using Oracle CRM On Demand to help themselves<br />
drive sales, improve customer service and integrate<br />
their sales and marketing processes for better<br />
business results. Here are just a few examples.<br />
KODAK GRAPHICS COMMUNICATION GROUP,<br />
BELGIUM<br />
Eastman Kodak Company’s Graphic Communications Group<br />
needed to increase the effectiveness of its entire sales<br />
activities in order to build a stronger pipeline and ultimately<br />
increase revenues.<br />
The company selected Oracle CRM On Demand to help:<br />
• Consolidate all its contact, reporting and forecasting information<br />
into a single system for managing and growing the<br />
sales pipeline<br />
• Automate manual lead processing tasks through sales<br />
force automation tools<br />
• Eliminate the ‘hard’ intervention of IT personnel via Webbased<br />
software services.<br />
• Roll out the solution to 400 users in under a year<br />
The results have been impressive:<br />
• Streamlined sales-to-cash process and an enhanced ability<br />
to cross-sell via after-sales service<br />
• Increased sales team productivity<br />
• A 15-20% increase in the number of opportunities recorded<br />
each quarter<br />
• Accelerated sales decision process from 2-3 days, to less<br />
than 1 day<br />
Ingmar Hermans, Equipment Operations Director for the<br />
group, concludes: “With Oracle CRM on Demand, we<br />
have an integrated overview of the lead-to-cash cycle. This<br />
over view provides our sales organisation with a unique<br />
dimension that has helped us to accelerate the sales cycle<br />
and significantly improve our lead conversion rate.”<br />
COMPASS GROUP, UK<br />
This global leader in food and support service provision<br />
needed to consolidate the management of all its CRM<br />
processes across Europe and the APAC region. Jan Neggers,<br />
<strong>Customer</strong> Voices<br />
CRM Manager for Compass Group’s international clients<br />
reports : “With Oracle CRM ON Demand, we have gained<br />
a unified view of our customers across our operations in<br />
17 European countries. As a result, we have improved the<br />
effectiveness of sales and service initiatives and gained the<br />
ability to produce more meaningful and actionable reports.”<br />
DEVOTEAM, FRANCE<br />
This leading European IT consultancy firm needed to<br />
increase the efficiency and effectiveness of its entire<br />
proposal process. Christophe Merckens, Chief Information<br />
Officer, reports: “Oracle CRM On Demand enables us to<br />
measure sales person efforts beyond just the profits they<br />
bring in and its flexible, integrated tools have made our sales<br />
wing more dynamic. The shared visibility of clients enables<br />
us to make the most of sales opportunities, including within<br />
our existing customer base.” CC<br />
MORE <strong>ORACLE</strong> CRM ON DEMAND CUSTOMER<br />
VOICES<br />
Oracle CRM On Demand is exceptionally quick to deploy<br />
– and that means faster ROI. Hear how organisations like<br />
yours are benefiting.<br />
Watch the video here:<br />
oracle.com/goto/faster-roi/en<br />
Oracle CRM On Demand also delivers the best value for<br />
your CRM investment. Hear how your peers are using<br />
it to accelerate productivity and improve the customer<br />
experience .<br />
Watch the video here:<br />
oracle.com/goto/best-crm-value/en<br />
Learn more now!<br />
Learn more about how organisations like yours are<br />
succeeding with Oracle CRM On Demand:<br />
oracle.com/en/products/<br />
applications/crmondemand<br />
<strong>Customer</strong> Voices<br />
Success with Siebel CRM<br />
Together, Oracle’s Siebel CRM Applications form the<br />
world’s most complete CRM solution, combining On-<br />
Premise and On-Demand options with more than<br />
20 industry -specific packages. Here are some examples<br />
of how organisations like yours are benefiting.<br />
SONY ERICSSON<br />
Sony Ericsson, a leading mobile device manufacturer, was<br />
looking for a CRM solution that could help it deliver a consistently<br />
excellent customer experience to customers all<br />
over the world. Key objectives included the alignment of<br />
marketing operations with corporate objectives and a better<br />
return on marketing and IT investments.<br />
Sony Ericsson selected Siebel CRM based on:<br />
• Easy scalability for a phased global rollout<br />
• Proven delivery of greater value and faster ROI than<br />
competitive products<br />
• Integrated analytic functions enabling deeper customer<br />
insight<br />
• Ability to improve customer retention by integrating loyalty<br />
programs into marketing and CRM processes<br />
• Ability to track marketing effectiveness in real-time,<br />
enabling improvements in customer segmentation and<br />
product affinity<br />
Ben Padley, VP Head of CRM and Digital Marketing at Sony<br />
Ericsson summarises: “With Siebel CRM, Sony Ericsson<br />
6. 7.<br />
can take its relationship with its consumers to the next level.<br />
It allows us to do this by enabling personalised relationships<br />
with consumers at every level and interaction point.”<br />
VODAFONE GROUP<br />
The Vodafone Group operates in over 20 countries across<br />
five continents and has more than 347 million registered<br />
customers. Implementing Siebel CRM gave Vodafone the<br />
capability to:<br />
• Cope with increasing market dynamics and deliver more<br />
complex products to market faster<br />
• Implement and configure products more rapidly<br />
• Improve customer service on a global level<br />
Carl Bennet, Head of CRM Technology, explains how the<br />
solution has transformed his business: “What we needed<br />
to do is put in place a product that allows us to configure<br />
products quicker and get them to market quicker, which is<br />
good for our customers and good for us – and Siebel helps<br />
us to do that.” CC<br />
MORE SIEBEL CRM CUSTOMER VOICES<br />
Vodafone Group has used Siebel CRM to improve customer<br />
service on a global level.<br />
Watch the video here:<br />
oracle.com/goto/global-service/en<br />
New South Wales Community Services has a single version<br />
of the truth for all of its clients, improving the service<br />
delivered to local families and children.<br />
Watch the video here:<br />
oracle.com/goto/improve-service/en<br />
Learn more now!<br />
Access more information on these and a wide range<br />
of other Siebel CRM customer success stories:<br />
oracle.com/uk/products/<br />
applications/siebel
Access tools and resources that prove the value of Oracle<br />
products and solutions to your business. Click on one of<br />
the links below for access to a wide range of white papers ,<br />
product documents, videos, podcasts and customer<br />
testimonials .<br />
Sales Leadership<br />
Learn more about<br />
Sales Leadership:<br />
oracle.com/goto/<br />
sales-leadership/en<br />
Service That Sells<br />
Learn more about<br />
Service That Sells:<br />
oracle.com/goto/<br />
customer-service/en<br />
Your next steps<br />
Contact Us! Stay Informed!<br />
Executive Directors Forums<br />
Look out for announcements about new events coming<br />
soon to your region!<br />
Oracle OpenWorld is coming….<br />
Expect a lot of exciting announcements and look out<br />
for registration details online or in your inbox in the<br />
next few weeks!<br />
applications_gb@oracle.com<br />
0870 876 83<strong>01</strong><br />
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8.<br />
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twitter.com/OracleCRM<br />
facebook.com/OracleCRM<br />
Integrated Sales<br />
And Marketing<br />
Learn more about<br />
Integrated Sales and Marketing:<br />
oracle.com/goto/<br />
sales-marketing/en