(April 11, 2007 - Rockford, IL) A new benchmark study from Aberdeen Group has confirmed what savvy marketers have known all along:
using
technology to create processes around customer interactions is critical
to creating a customer-centric organization and deriving better returns
from marketing investments. The study, titled “Automating Leads to Sales – Improve Return on Marketing Campaigns” states that small (SME) and mid-market (MME) enterprises are exceeding average performers in all metrics benchmarked.
According
to the study, best-in-class companies consistently demonstrate
proficiency in multiple marketing capabilities, which has a positive
impact on performance. The top performers use technology to track
customer behavior, perform customer profitability modeling, maintain
centralized knowledge and data management systems, and create real-time
decision support. They are also using business intelligence tools
integrated with marketing and customer data with higher frequency than
benchmarked groups.
“The findings of this study are consistent
with what we have observed in the field,” said Michael McCloskey,
FrontRange Solutions CEO. “In fact, many large enterprises are now
looking at the technologies, processes and best practices used by small
and mid-size organizations for ideas on how to improve their own
delivery of customer service. There is no question that the more you
can integrate the various pieces of data around the enterprise using
technologies, the more visibility you’ll gain into what the customer
wants from you, and the greater your return on your marketing
investment will be.”
Among the findings from the study are:
- Fifty percent of SME and MME enterprises lead in capturing 70 percent of current customer profiles
- Fifty-five percent have centralized customer knowledge and data management processes in place
- Customer data is used to perform customer profitability modeling at rates significantly above average (41 percent v. 33 percent)
In
addition, Aberdeen says leaders leverage customer analytics,
multi-channel interaction applications, business processes, and
technology infrastructure across brands and product lines. It is this
360 degree view that allows them to better than 15 percent annual
improvement in Return on Marketing Investment, gross revenues, and
customer retention rates.
“Companies serious about building a
customer-centric marketing organization will need to rethink how they
create processes around customer interactions and how they invest in
technologies that support advanced, rule-based communications,” said
Alan Hubbard, Senior Vice President of Customer Management Technology
Group at Aberdeen Group in a written statement. “Our research
demonstrates that small and mid-market enterprises are investing and
deploying technologies, capabilities, and processes that facilitate
closed-loop marketing processes at rates higher than the industry
average.”
About Ticomix, Inc.
Ticomix utilizes The Fusion of
Industry Best Practices and Award-Winning Technology to offer
premier technology solutions and services to small to medium-sized enterprises
in the areas of Customer Relationship Management (CRM) and Service Desk.
In addition to being named one of FrontRange Solutions’ top ten HEAT® Partners
in 2005 and 2006, Ticomix is a leading provider of award-winning GoldMine® for
CRM, ITSM® built on the ITIL® framework for complete service management, IPCC®
for communication management, and IM® for comprehensive asset
management. Through numerous events such as quarterly user groups,
ongoing training classes, and annual conferences geared toward GoldMine®,
HEAT®, and ITSM® users, Ticomix continues to show their dedication and support
to the CRM and Service Desk communities. For more information, please
call 866.TICOMIX.
FrontRange Solutions develops award-winning software and solutions
used by more than 130,000 companies and over 1.2 million users
worldwide to manage a wide variety of business relationships and
provide exceptional service. FrontRange product families, designed
specifically for small-to-medium-enterprise (SME) and distributed
enterprise organizations include: GoldMine® for business relationship
management, team-based contact management and sales force automation
solutions; IT Service Management with HEAT® and ITIL® standards-based
modules for complete service management; Communication Management
including IP Contact Center for reduced telephony costs and increased
agent productivity, streamlined customer service and communications;
and Infrastructure Management, which provides the ability to optimize
the full lifecycle of a company's assets. Customers representing 44
percent of the Fortune 100 and 76 percent of the FTSE 100, include
Coca-Cola, Shell Oil, Prudential Securities, Électricité de France,
Mack Trucks, Campbell Soup, Avaya, Bechtel Corp, Bank of America, and
Turner News Network. For more information, call 800.776.7889.