Coins, stamps, Beanie Babies: As kids, we took pleasure in collecting things—sorting them neatly and imagining the wealth our collection would bring if we put the assortment to good use. Few of us ever did.
Unfortunately, this same behavior is being recreated in many companies: organizations collect their customer data in neat spreadsheets or databases—one for customer service, one for sales, yet another for marketing or purchasing. Everything in its own folder, carefully preserved; but tucked away and inaccessible to the rest of the organization.
With the explosion of big-data business analysis, data integration, and enterprise business systems, it is apparent that stale customer data collections need to be dusted off and put to better use. Data from various business units and departments must be integrated in one authoritative business system that connects the entire organization. This is accomplished by using Odoo, or enterprise resource systems, in combination with customer relationship management (CRM) tools.
While the primary driver for CRM is to maintain customer relationships, there are secondary benefits to strategic planning. The combination of Odoo and CRM in software packages such as USA Odoo, for example, allows for new insights into buying patterns across geographies, demographics, or market segments.
Open Source Integrators recently worked with an HVAC company that had no visibility into why certain channels were performing very strongly and why particular product lines sold better in some geographies versus others. Their channel sales data did not reveal any strong buying patterns. But once they integrated the customer service and warranty data by product line with their sales numbers, the buying behavior became immediately clear down to the postal code level. This CRM data fusion allowed them to adjust their channel strategy by targeting the right areas with particular products while moving to direct sales in particular focus areas. The initiative enabled the company to increase revenue by 20 percent in just a few months with minor adjustments and very low initial investment.
Another outcome was detecting patterns for the propensity of certain demographics to purchase pioneering new products. This knowledge was then applied to focus marketing and sales resources for future innovative product releases to these target groups.
Here is a simple outline for successfully implementing the strategic use of CRM data:
Unlocking the potential of untapped customer data can benefit the entire organization. Easy to implement, Odoo solutions like USA Odoo and customer relationship management tools provide a strategic advantage that will optimize new product launches, increase sales revenue and provide a quick return on investment (ROI).
Let Open Source Integrators show you how an Odoo and CRM implementation can help you drive customer intimacy and harness your full potential.
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