cloud squads social crm simplified
DESCRIPTION
Social CRM simplified - Social CRM explained. Examples and Case studies. Presentation at GITPRO 2014.TRANSCRIPT
Social CRM Simplified
Ashish Seth
April 2014
CloudSquads Fact Sheet
Team
Solutions
Company
• Social CRM - Marketing, Support & Collaboration
• Transformed 75+ F1000 customers
• Scale: 100M+ Transactions
• Founded 2009
• Dominant enterprise social solution provider
• Seasoned Management team
• Team of Social Strategists and Technologists
• India Delivery Center
“Working with Cloudsquads we were able to deflect over 20% of our call
volume.”
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CloudSquads is now part of Persistent Systems, Inc. as of February 2014
WHAT IS SOCIAL CRM?
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Social CRM is a philosophy and a business strategy,
supported by a technology platform, business rules, workflow,
processes and social characteristics, designed to engage the
customer in a collaborative conversation in order to provide
mutually beneficial value in a trusted and transparent
business environment. It's the company's response to the
customer's ownership of the conversation.
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What it is What it is not!
• A business strategy
• An integral part of customer
experience
• Potential means to “delight”
customers
• Part of key business functions –
Sales, Support and Marketing
• A FB page or Twitter handle
• One person managing HootSuite,
writing company blog
• A one-off response to customer
complaints on Social Channels
• A technical implementation of
Customer Communities or Social
CRM Software!
“It's not a social game. It’s a multichannel game where companies and customers decide on how they
want to communicate with each other and then proceed to do so in ways that ultimately (and hopefully)
provide value to each of the parties involved.” - Paul Greenberg
$ 6.0+ billion Market
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2012 – 1.0 B
2014 – 2.5 B
2018 6.4B
Enterprise Social Software (ESS)
market growing 30%+ annually*
Cloud-based solutions from Jive,
Lithium, SalesForce & IBM
dominate the market*
* Source: IDC, Forrester and Gartner
The (x)CRM Market – even bigger
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Another view of Social CRM
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CRM
SOCIAL
COLLABORATION
LMS/HR CMS
SOCIAL WEB
E m e r g i n g S o c i a l T e c h n o l o g i e s
Y o u r E x i s t i n g I n f r a s t r u c t u r e
COMMUNITIES /
RATINGS & REVIEWS
MARKETING/
ANALYTICS
GAMIFICATION/
SSO / PROFILE
CASE STUDIES
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Social Support
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Of calls deflected
Increase in CSAT20%
15%
• Unified Customer Experience across channels
Social Support
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Of calls deflected
Increase in NPS(Net Promoter Score)10%
25%
• Consistent SLA Attainment
• Unified Customer Experience
Seamless CRM Integration
Social Marketing
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Community Commerce
Social Marketing
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TraderRetention
Per TraderTransactions↑
↑
Social Collaboration
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IncreasedInnovation15%ReducedCommunication costs58%
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For customer confidentiality purposes, actual screen shots blurred.
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Driving Employee engagement
• Improved
Accuracy
• Better
Conversions
• Engaged Sales
team!
Driving Social CRM Success
• Operationalize Social CRM – Biz goal/metrics & resourcing
• Make sure your social media messaging is consistent with brand
• Monitor what your customers are saying & respond quickly
• Put a human face (or name) on your social media conversations
• Use social profile data to augment contact information in your CRM Database.
• Identify and reward social influencers
• Choose the right platforms!
Remember that social media isn't always the answer or the appropriate way to respond
to a customer.
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Ashish Seth
@ash_seth
http://cloudsquads.com/