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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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