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Thursday, 3 July 2014

Media industry realizing importance of CRM tool

7/03/2014 10:02:00 am

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Most of the time, media companies have claimed that strengthening or increasing the sales figure can be a difficult task. Although, a sales team can bring business but at the same time they require proper tool such as CRM solution to enhance it further. Apart from that, one also requires control and visibility across the enterprise and sales process with the aim to help strengthen the performance of the different teams and boost efficiencies.

Optimization of the sales performance 
It has been found that media CRM tool helps in the optimization of the performance of the sales team by offering accurate view of the sales activities, opportunities and also the pending business. It also allows to accurately predicting the revenue and account lists and sales team assignments.

Media industry is of the opinion that CRM tool is a smart integrated platform that can strengthen sales by enhancing the client relations, account planning and media inventory.

There are few active roles which CRM tool undertakes for the media industry such as –

1. Engaging agencies for building profitable collaborations 
- Developing 360 degree view of the agencies along with their customers and brands.
- Deciding influence levels of agencies to help with the process of account planning.
- Keeping a close track of the agency performance to strengthen agency potential.

2. Managing of brands for maximizing profit
- Developing pertinent acquisition campaigns on the missed customers on the basis of the available data.
- Carrying out customer wise competition analysis for the development of strategies.

3. Boosting client experience 
- Servicing client requests, taking care of the complaints across various channels with use of a single system.
- Integrating with the scheduling systems.
- Maintaining persistence in the client interactions in different stakeholders.

4. Effective workforce management
- Maintaining accountability for the deployment of preventive alerts and escalations.
- Offering insights into the different teams’ regular activities.
- Deploying knowledge retention for different practices such as action taken reports, essential date reminders such as policy renewals, lapses.
- Upgrading workforce along with partner skill.

5. Advanced reporting 
- Offering reports across different teams, products and also geographies.
- Moving to unified multi system collated reporting.
- Providing actionable insights.
- Strengthening results by measuring and bringing improvement in essential performance indicators.

As the media industry is making big splash revenue wise, it is essential that the players from this industry use this solution so that they are able to boost their progress and revenue further.

The article is also available at http://goarticles.com/article/Media-Industry-Realizing-Importance-of-CRM-Tool/9138328/

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