How Businesses Can be Champions in CXM?

Celebrate

As the world grapples with the effects of the COVID-19 pandemic, businesses have been forced to adapt to rapidly changing landscapes. 2022 has been aptly named the “year of the squeeze”. During this time, businesses are feeling pressure from all sides. Customers, employees, and shareholders all have high expectations and customer loyalty is no longer guaranteed. Even employees have had their waistlines affected after months of quarantine snacking. In this trying environment, how can businesses emerge as champions in the realm of customer experience management (CXM)? CXM has become increasingly important as companies try to navigate the challenges posed by the pandemic and the shifting needs of their customers.  

So, how can businesses be champions in CXM in 2023 and beyond? In this perplexing environment, it is more important than ever for businesses to focus on customer satisfaction and employ a customer experience strategy in order to stay competitive and thrive in the long term.  

Here are 5 strategies to maintain a competitive edge over your competitors: 

Prioritise customer needs and Gather Customer Feedback

One of the most critical aspects of CXM is understanding what your customers want and need. This means going beyond simply gathering feedback and actively listening to and responding to customer concerns and requests throughout their journey. By putting your customer’s needs first, you can build loyalty and strengthen your relationships with them.  It’s also essential to gather customer feedback to monitor their satisfaction levels and continuously improve your customer experience strategy. One of the most critical aspects of CXM is understanding what your customers want and need. This means going beyond simply gathering feedback and actively listening to and responding to customer concerns and requests throughout their journey. By putting your customer’s needs first, you can build loyalty and strengthen your relationships with them. It’s also essential to gather customer feedback to monitor their satisfaction levels and continuously improve your customer experience strategy. Customer journey mapping, informed by customer feedback, allows you to identify key touchpoints and areas for improvement, ensuring a more personalised and positive experience. By addressing customer needs and expectations at every stage, you can create a seamless and satisfying customer journey, ultimately enhancing the overall customer experience.

Use data and analytics to drive CXM from effectively using your CRM

A Customer Relationship Management (CRM) solution is a system that helps businesses manage and analyse customer interactions and data throughout the entire customer journey. It streamlines tracking customer information, sales, and customer service, ultimately improving customer retention and driving business growth. Data and analytics and analytics reports can be powerful tools for understanding customer behaviour. By collecting and analysing data from customer interactions and feedback, businesses can identify patterns and trends that can inform their CXM strategy. Customer journey maps can help visualise the entire customer journey and pinpoint areas for improvement, ensuring a positive customer experience and meeting customer expectations. We wrote a case study on a company that replaced their existing CRM solution with Zoho CRM and enhanced their overall customer experience.

Empower and train your employees to deliver excellent CXM

Your employees are the face of your business, and they play a critical role in delivering excellent CXM. By empowering your employees to make decisions and act in the customer’s best interests, you can create a culture of customer-centricity that will drive long-term success. Software training ensures that your employees are well-equipped to use the tools and technology that support CXM, further enhancing their ability to serve customers. An employee experience that promotes an emotional connection with customers can lead to more happy customers and improve customer satisfaction scores. A study by Forbes in 2018 found that companies that led in customer experience had 60% more engaged employees from investment in their training.

Invest in technology and automation.

Technology can be a powerful tool for enhancing CXM, but it’s important to use it in a way that doesn’t compromise the human element of customer service. We can automate processes and make them more streamlined and efficient. However, it’s important to strike the right balance and ensure that customers feel they are interacting with a real person. At Caldere, we create and implement bespoke CRM systems to ensure you get the best from this powerful tool. With our approach, we’ll support you every step to success. With the rise of artificial intelligence (AI) and machine learning (ML) powering natural language processing (NLP), many organisations are already using chatbots to provide instant and relevant self-help answers at many customer touchpoints.

Foster a culture of continuous improvement.

CXM is not a one-time effort but a continuous learning and improvement process. By fostering a culture of constant improvement, businesses can ensure that they are constantly striving to deliver the best possible customer experience. This can include regularly seeking customer feedback, conducting customer satisfaction surveys, and analysing data to identify areas for improvement.  Survey responses can provide valuable insight into customer segments and help create a personalised experience for each customer profile. By continuously improving your overall customer experiences as an organisation, you can reduce poor customer experience and customer churn and increase customer retention and happiness rates. 

2022 was challenging for most businesses as they tried to navigate the changing needs of their customers. However, by prioritising CXM and implementing strategies like those above, businesses can position themselves for success in 2023 and beyond. Above are five basic steps businesses can adopt to become champions of CXM in the coming year.

At Caldere, we provide bespoke CRM and CXM solutions that can be integrated seamlessly into your business and support you every step of the way, ensuring your success. We would look forward to the opportunity to start a conversation here

  

To find out more about our services and how we can support your business