– Customers registered them on company’s websites – customers can be emailed with offers and promotion based upon their past purchases. • PERSONAL DATA STORAGE – When a customer makes an account all its personal details, account information, address and contact details are stored for easy and quick future purchases CRM at Amazon • Giving Recommendations – Amazon recommends a number of products to the customer in which he might be interested – customer who bought this’ • CUSTOMER SUPPORT – The return policy of Amazon is totally online. Incase of any issue with the product the customer calls the customer service operator who has complete access to the information of the customers purchase history etc. This helps and makes the return policy easy and all issues are dealt with efficiently and quickly.
Adopted from Kaur, J. (2016). Customer Relationship Management: A Study of
CRM Policies of Different Companies. Global Journal of Finance and Management, 8(2), 153-159. CRM at ICICI • Collecting Data – Bank collects all the data from customer application form and gets the personalized information to know which product to offer to which customer. This process helps in collecting the data and knowing what the customer wants. • Centralized Software – The data collected through customer application forms is available at one server and can be accessed anytime, anywhere. So, this helps in the further process of customized offerings and cross –selling. • Wide Range of Offerings – After collecting the data from the customer, team decides what product to offer to which customer. In case the bank recognizes a valuable customer and offers a more customized service • Cross – Selling – If customer has savings account with the bank then they offer him a insurance, fixed deposits et • Feedback – The customers feedbacks on the service, technology used, employee behavior and promptness in solving customer’s problems, are taken and they are analyzed. CRM SOFTWARE • Technology Driven CRM – It facilitates the coordination of multiple business functions but also to support to coordinate multiple channels of communication with the customers as face to face, call centers, ATMs, web, telephones, kiosk, bank branch and sales associates etc. • ICICI bank uses CRM Software - SIEBEL. • Customer touches the bank from a number of channels, namely call centers, bank branch, ICICI centers, ATMs, Web and SMS. • SIEBEL provides – Automated Process Flow Technique – Generate Customized Report – Promoting Cross Selling • SIEBEL • Complaint and Query management • Customer Retention