why integrate crm with your online stores?
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Why Integrate CRM with your Online Stores?
Consumerism in the modern age dictates that businesses need to have an
eCommerce solution in place to stay competitive and satisfy the growing
demands of customers. People want the convenience of shopping from their PC
or mobile without having to visit a physical store. This, combined with
technological advancements has led to the growth of ecommerce industry.
Today there are many ecommerce platforms that provide scalability & flexibility
to help exploit online sales channels. Many organizations usually experience a
major increase in traffic, conversion rate and sales growth following their
deployment. Although this is great news for businesses, it can also create new
challenges.
One of the major challenges is repetitive data processing between systems –It’s
simply bad time management and a waste of resources. Hence such online
stores needed to be integrated with other systems, most importantly with CRM
system. Seamless CRM & ecommerce integration means that the data collected
by the online store will be automatically pushed into existing CRM systems to
help sales staff with cross selling and upselling. An important sales approach
that can lead to improved cash flow and an increase in turnover and profit.
Given below are few competing reasons why you should integrate your CRM
system with ecommerce system.
Sales Force Automation
A sales representative organizing a portfolio of accounts may not have the
bandwidth to consistently communicate with every customer and prospect.
Sales reps may get much greater visibility into products or services when CRM is
appended to your ecommerce store; improving sales effectiveness.
Additionally, integrating your store with CRM provides a base for customer
selfservice, encompassing certain features such as a combined view of account
status; returns; and order status. Traditionally, this selfservice capability has
been difficult to implement because the required information lies partially in the
ecommerce system and partially in the CRM system. An integrated system
eliminates the need to reconcile data across two applications whereas
improving the customer experience and, likely, sales.
Single View of the Customers (SVC)
Customer Interactions nowadays happen over a number of channels from, but
not restricted to, social media, online marketplaces, ecommerce stores, and
mobile devices. Businesses these days want to observe and measure every small
activity of their customers across channels, with the hope that it will help them
close more sales. Hence, with such requirements the concept of Single View of
the Customers came into the picture.
Single view of the customers (SVC) means ability to use large amount of data
from various channels into one place, and that in a meaningful way. Across
every channel it offers businesses the ability to track customers and their
communication. Such integration improves customer service levels, better
customer maintenance, and growth in conversion rates and overall
development in the customer lifetime value.
Segmentation
Integrating CRM with ecommerce system allows for better understanding of
customers through segmentation on the basis of demographics, geography,
device type, past transaction history, etc. This means that
● You can send more targeted marketing messages, and handle your budget
more efficiently.
● You can send an email to a definite set of customers who purchased from
you before, or have always liked a particular brand etc.
Targeted messaging gives rise to higher engagement of those customers. Higher
level of engagement will, in turn, increase the overall profitability of the
business. And if you keep track of referrals & shares, this is a remarkable one
because you can utilize those as incentives and then drive more action on your
site.
Better Personalization Capability
In the B2B world, personalization brings various challenges. B2B sales is more
complex with clients demanding their individual pricing plan or discounts.
Individual customer data becomes more important than ever to achieve the
personalized communications for B2B customers. For instance Browse behavior
data for personalization is as important as past product or category data.
Better Customer Insights
A CRM system integrated with your online store keeps track of all
microinteractions to sell better online. Such interactions may not be significant,
but taken together are helpful in determining the customer’s purchase intent.
Without an integrated platform, it is improbable that such micro interaction
would be accurately captured.
Once CRM capabilities are implemented in your online store, the ability to
record all transactions and interactions, highlight best selling products and
create attractive offers based on past purchase history will only be enhanced.
Integration of the standalone CRM and ecommerce can be daunting. Hence,
searching a vendor that offers both capabilities which is integrated natively will
increase your returns and more so when you integrate both further with an ERP
system.
View More : https://store.biztechconsultancy.com/magentosugarcrmintegration.htm