The free flow of information has put customers in charge of commerce. The speed of innovation, advances in customer service, and evolving technology have created a storm of rising expectations. Product advantages are short-lived, and in many business sectors, customer service is already the only long-term competitive advantage. By 2017, 89% of marketers expect customer experience to be their primary differentiator.[1]
Because information and resources are available to anyone with an internet connection, consumers and business customers are willing and able to leave companies if they believe they are not treated well. According to an Opinion Research survey, 44% of consumers switch brands because of poor customer service at a cost to business of $41 billion per year.[2]
Customer relationship management software has become a business necessity. CRM both drives and satisfies the need for excellence in customer service.
Salesforce has led the market in customer relationship management and continues to dominate by a wide margin. Although the way companies report their revenues makes comparisons difficult, by any comparison Salesforce has a market share at least double than of its nearest competitor.[3]
One of the reasons Salesforce continues to lead is its commitment to easy integration with other enterprise systems. A robust LMS, capable of multi-channel delivery and robust analytics, is a force multiplier when coupled with CRM.
The resulting capabilities give you the power to manage learning from inside the CRM application. The LMS integration with CRM gives you the ability to:
We expect even more as Salesforce continues to refine the capabilities to integrate learning and collaboration into CRM.
There are decisions to make along the way. Here are some things to consider in the integration:
References:
1. Sorofman, Jake. “Customer Experience Primer for 2016.” Gartner. January 25, 2016.
2. “A nation of serial switchers.” NewVoiceMedia. Accessed June 16, 2016.
3. Schaeffer, Chuck. “CRM Market Share Report.” CRMSearch. 2016. Retrieved June 16, 2016.
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