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Building a case for CRM implementations
The following are some of the questions you might ask when completing a return on investment calculation:
- Deals won - how many more deals could you expect to win?
- Improved customer retention - how can you retain more customers?
- Improved customer revenue - how much more of your customers spend can you get?
- More customers - how can you increase your total customer base?
- Reduction in customer acquisition costs - are you able to target new customers better?
- Target the right people - are you targeting the right people as your customers and prospects?
- Reduced cost per sales transaction - are you able to target your sales resource on your more profitable customers?
- Reduced sales discount - how can you sell more at full price rather than discounting?
- Revenue improvement - how much do you expect revenues to rise by?
- Improved forecasting - are you able to better predict problems?
- Improved forecasting - could you hold less stock?
- Sales cycle reduction - how can you fulfil more orders, more quickly?
- Cost of mistakes - what processes can be automated / tracked to reduce the number of mistakes?
- Customer data loss - can you reduce waste by proper data management?
- Customer data quality - could better data lead to better targeting and happier customers?
- Reduction in customer service costs - can you automate routine and repetitive tasks?
- Reduced labour costs - could your staff be more productive or maybe you can reduce headcount?
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