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Customer Relationship Measurement

Customer Relationship Measurement (CRM) is a single, dedicated measurement of the target audience’s satisfaction with the overall relationship with the company cumulative of all interactions. It is not intended to measure satisfaction with a specific channel, in-channel experience, or brand affinity/awareness.

Why Use It?

A CRM measure provides executives and customer-focused leadership roles with a company-level view on their performance with customer relationships. This measure provides a customer view above and beyond any channel interactions or specific experiences. A CRM measure provides companies with an overall satisfaction score reflecting their relationship with their customer base. This measure paints a broad stroke around how the company is satisfying their customers overall and could provide direction on channel preference and usage pattern - which could help the company strategize around which channels to invest in further from a measurement perspective.

Target Audience

Customer Experience Leadership

Customer experience leadership need to be able to measure the strength of their customer relationships and identify company-level focus areas.

Company Executives

Executives want a company-level view of their performance with customer relationships, and as such, they need company level KPIs rather than the cross-channel insights that can be found with specific in-channel measurements. This allows them to align the entire organization behind key drivers of satisfaction.

Actionable Insights

A client’s CRM measure revealed that independent and franchise dealers were dissatisfied with their product experience from the client’s organization. Many dealers felt the service was not generating enough qualified leads for their business and that the online classifieds provider was not creating sufficient ROI. Furthermore, because of these sentiments, the CRM measure revealed that independent and franchise dealers were highly unlikely to purchase services in the future.

Common CQs

  • What is your preferred channel for doing business with company x?
  • What percentage of purchases in this category do you make with company x?
  • How likely are you to switch to a different provider in this category?
  • Also includes questions on demographics, psychographics, number of and types of interactions with the company.

Common CPPs

CPPs should include anything the client has stored in their CRM system pertaining to their customers and can be categorized for segmentation. For example:

  • Customer Tenure
  • Product Purchase/subscription history
  • Annual spend
  • Loyalty program participation
  • Assigned Account Team

For more info on CPPs as well as a list of our default CPPs, please click here.

Model

Customer Relationship Mesurement Model

Most CRM opportunities require model customization - Sales Engineering and Research provides insight during the pre-sales approval process.

Deployment Options

Standard/Best Practice

  • Email
    • ForeSee sends emails, or
    • Client sends emails

Survey Statistics

The metrics provided below should be used as a guide - actual response and acceptance rates can vary significantly depending on the type of audience and their propensity to participate in surveys.

  • Email Acceptance rates - 5-15% (depends on the type of audience, quality of email address, and how soon email is sent after the interaction).
  • Email Completion Rates - 75-95%

Complementary Touchpoints

The following touchpoints, when paired with a Contact Center measure, have been shown to enhance the breadth, width, and scope of the solution ForeSee offers:

  • Web/Mobile - A key driver of satisfaction when the overall relationship could be the ability to self-service. Understanding where the Digital experience is impacting this process is important to improving their relationship.
  • Contact Center - A key driver of satisfaction when the overall relationship could be the ability to self-service. Understanding where the customer care experience is impacting this process is important to improving their relationship.
  • Store - A location experience provides a more personalized, real-life opportunity for interacting with the target audience. Identifying where this experience needs improvement is important to building the relationship.
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