Analytical Customer Relationship Management (CRM): Analytical CRM is a program that uses consumer information to help understand and to perform efficient relationship management by supporting the companies personnel with operations and strategic analysis which includes all business systems that do not deal directly with the customer. It becomes a decision support system aim to help facilitate in the decision making for personnel such as executives, marketing, finance, sales and customer support to help in understanding their customer’s needs. In analytical CRM, data gathered within the range of operational CRM are analyzed to help identify customers and their needs, through their selling prospective and also allows company personnel to observe and understand the customer actions as well as preferences using techniques such as sales forecasting. Analytical CRM gathers information by relying heavily on techniques such as information gathered through a data warehouse, data mining, CRM software (see below) and information gathered by business intelligence to better understand and have insight into customer behaviors. It comprises all CRM programs mentioned and analyzes data about a company’s customer and presents it in a method that is straightforward so that the results will lead to faster as well as better business decisions that would help improve selling techniques to their targeted customers. Analytical CRM may also provide information for better measuring the effectiveness of a company’s market campaigns for their products as well as analyzes customer data for a variety of purposes such as:
Benefits: Using analytical CRM support has been shown to help grow a company’s revenue as well as build and attain objectives such as:
Analytical CRM/CRM Software and Web-Based Companies:
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