Customer Relationship Management (CRM) investments may increase even with
economic downturn, said Gartner analyst
Chris Pang.
A recent Gartner survey of more than 250 business and IT leaders in the
global CRM market, found that two thirds of respondents cited the process in
their top three priorities.
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“With the technology primarily used to pitch the right products, the growth
is likely to continue,” said Pang.
However Pang explained economic difficulties are likely to affect the more
sizable CRM projects. “If a project is enterprise wide and requires a huge
budget there could be problems ahead,” he said.
Gartner’s CRM summit in March will include a question relating to economic
uncertainty and how this might cause a business to revise its CRM spending, said
Pang.
In the meantime the March conference will be partly built around the results
of this survey, Pang explained.
Pang said key trends in the CRM market are towards more transparent processes
and spreadsheets, what he calls “Salesforce automation”, and towards marketing
and analytics, and being able to pitch the products to customers at the right
time.
The areas that CRM vendors find difficult are integration and delivering CRM
services end-to-end, Pang said.
“Clients should not look at CRM as a silo process but in a more holistic
manner, and should ensure they include all stakeholders,” advised Pang.
Customers should also ensure they integrate CRM systems with the ERP system.
“There is more opportunities to make mistakes when doing double entry,” he
added.
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