Title: sap customer relationship management(crm)online training
1Customer Relationship Management
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2Contents
Customer Relationship Management
- Introduction
- Why need CRM
- Goals of CRM
- Types of CRM
- Implementation Type of CRM
- Web Based CRM
- Benefits of CRM
- Cost Calculations
- QA
- Thank you !!!
- Appendix A - Market Capitalization
- Appendix B CRM Definition
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3Introduction
Customer Relationship Management
- Customer Relationship Management (CRM) is the
term given to the concepts that a company employs
to manage its relationship with their customer.
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4Why Need CRM
Customer Relationship Management
- Every company do CRM one way or other.
- Few Facts why need CRM
Not a single point of contact
Communication Gap
Getting a new customer cost 5 times then
retaining existing customer
1 increase in sale with existing customer will
boost profit by 17 while 3 in other case
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5Goals of CRM
- The idea behind CRM to gain insight into the
behavior of customers and the values of those
customers. If it works as hoped then business
can -
Provide better customer services
Make call center more efficient
Cross sell product more effectively
Helps sales staff close deals faster
Simplify marketing sales process
Discover new customers
Increase customer revenue
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6Types of CRM
- Operational CRM which provides support to front
office, business processes including sales,
marketing and service. Operational CRM processes
customer data for a variety of purposes - Managing campaigns
- Enterprise Marketing Automation
- Sales Force Automation
- Sales Management System
- Analytical CRM which analyses the customer data
for various purposes such as design and execution
of targeted marketing campaigns to optimize
marketing effectiveness, design and execution of
specific customer campaign, analysis of customer
behavior to aid product and service decision
making, management decision, prediction of
probability of customer defection.
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7Types of CRM
- Consumer Relationship CRM covers aspects of a
company's dealing with customers handled by the
Consumer Affairs and Customer Relations contact
centers within a company. Representatives handle
in-bound contact from anonymous consumers and
customers. - Sales Intelligence CRM is similar to Analytical
CRM, but is intended as a more direct sales tool.
Features include alerts sent to sales staff
regarding - Cross-selling/Up-selling/Switch-selling
opportunities - Customer Drift
- Sales performance
- Customer trends
- Customer margins
- Customer alignment
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8Types of CRM
- Collaborative CRM covers aspects of a company's
dealings with customers that are handled by
various departments within a company, such as
sales, technical support and marketing.
Collaborative CRM's ultimate goal is to use
information collected by all departments to
improve the quality of services provided by the
company. - Campaign Management combines elements of
Operational and Analytical CRM. Campaign
management functions include - Target groups formed from the client base
according to selected criteria - Sending campaign-related material (e.g. on
special offers) to selected recipients using
various channels (e.g. e-mail, telephone, SMS,
post) - Tracking, storing, and analyzing campaign
statistics, including tracking responses and
analyzing trends
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9Implementation type of CRM
- Two Category to implement CRM
-
REMOTELY HOSTED - Smooth running Free
upgrade Secure Application Continuous
Support Possible misuse of
data
LOCALLY HOSTED - Complete Control Customize in
our own way Technical
Support Security concerns Problemati
c upgrade
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10Web Based CRM
- Web based CRM are different from traditional CRM
in look and feel. - Benefits -
- Low implementation Cost
- Rapid Development
- Accessibility
- Instant Information Sharing
- Light Weight
- Features -
- Power Dialing
- Voice Messaging
- Fax / email Customization
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11Benefits of CRM
Growth
Vision
Improve Sales Service
Profit
improved customer satisfaction
- Increate
- the
- number of
- opportunity
-
- Expand
- the market
- attract
- new
- partners
- Develop
- additional
- streams of
- revenue
-
- Single
- Point
- communi-
- cation
- With
- Customer
- Email
- Marketing
- Reporting
- Long term
- profitability
- Sustainable
- Income
- By
- knowing
- what
- customer
- demands
- Customize
- Knowledge
- base
-
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12Cost Calculations
- CRM Cost Includes -
-
- Hardware Cost
- Software Cost
- Professional Services
Approx Cost - 0.5 M or 2.5 Cr Rs
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13QA
Customer Relationship Management
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14Thank you !!
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15Appendix A Market Capitalization
Vendor Share
Oracle 16.3
SAP 25.3
Salesforce 8.3
Amdocs 5.2
Microsoft 4.1
Others.. 40.6
Data as per year 2006-07
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16Appendix B CRM Definition
- CRM is an IT-enabled business strategy, the
outcomes of which optimize profitability, revenue
and customer satisfaction by organizing around
customer segments, fostering customer-satisfying
behaviors and implementing customer-centric
processes. - Gartner Group - CRM is a business strategy to select and manage
customers to optimize long term value
CRMGuru.Com - "CRM is an enterprise wide mindset, mantra and
set of business processes and policies that are
designed to acquire, retain and service
customers. - Scott Fletcher, VP, i2.
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17Customer Relationship Management
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Customer Relationship Management
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