Tag: CXM

Webinar: Creating meaningful Customer Experience with Unified CX Solutions

FREE WEBINAR: Creating Meaningful Customer Experience

                  Tuesday, October 22, 2013 − 2:00 PM to 3:00 PM MDT

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Creating meaningful Customer Experience with Unified CX Solutions

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One of the key elements of any CRM plan is integration, the unification of all your company’s data sources and silo systems to create a single, holistic view of each customer.. Whether they are, business organization or system-based silos, they all conspire to make customer journeys fragmented, painful and costly.

A typical customer journey includes interactions via contact center, corporate portals and conventional emails. Yes every call, every click, every message counts. Enabling these journey points is paramount and Oracle is privileged to assist you in the strategic components to this journey via this webinar.

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“Creating meaningful Customer Experience with Unified CX Solutions”
Tuesday, October 22, 2013
2:00 PM to 3:00 PM MDT

IRCTC (www.irctc.co.in) and Customer (Citizen) Experience

It is written several times by several people on pathetic performance of Indian Railways online ticket booking site www.irctc.co.in. Still nothing stops me in writing this blog post as I believe there is lot more can be done by Government to make the basic facility of online ticket booking experience better.

IRCTC and Customer (Citizen) Experience
IRCTC and Customer (Citizen) Experience

The fundamental issue to the problem is capacity (number of seats available in the trains) not able to meet the demand (millions of reservations). Unless the fundamental issue is solved by effective planning and execution by Indian Railways over long time, the frustration with online reservation portal www.irctc.co.in can never be resolved. But knowing the fact that in long term, we are all dead, what is it government can do in short term to alleviate the citizen’s concerns?

I have penned down few of those things here….

Facilitate offline booking in peak load without forcing people to stand in virtual queue

The site so far to my knowledge is not PCI complaint and this stops the website from storing customer credit card information. Making the site PCI complaint can facilitate customers to store their credit cards to do offline booking without users waiting for response in the virtual queue from payment gateway / booking engine in the web browser. The continues retries only make the situation worse.

All www.irctc.co.in has to do is to facilitate storing the customer ticket booking request (from date, to date, train selection, passenger details etc), do the booking offline with stored Credit Card info and send a confirmation mail after booking. This will improve the Customer Experience of people who are today subjected to hassle during peak loads (Tatkal, Festival Seasons, Vacations etc)

For TATKAL booking too people should be able to schedule an offline booking request and IRCTC can execute this in an efficient manner as per the sequence of registration of these requests in the back-end than spoiling the performance of the whole site and bringing down the UX.

Go for Elastic Cloud using Industry leading Platform As A Service (PaaS) vendors like Amazon

IRCTC should go for elastic cloud similar to one offered by AWS than trying to manage the whole IT infrastructure by itself. Here we are taking about Indian Railways train tickets where the demand is subjected to serious fluctuations due to multiple factors. There is no meaning in investing in hardware for peak load capacity (couple of hours) and pay for it 24 X 7. It makes sense to go with elastic cloud backed-up by vendor like Amazon who can scale to IRCTC’s needs on-demand basis and facilitate Pay-Per use model rather than a CAPEX / OPEX intensive model of maintain all hardware / software infrastructure by themselves.

Hook the web reservation system directly to PRS

Scrap the one more additional layer of database at IRCTC and hook the web-channel directly to PRS (Passenger Reservation System – The backbone of Railways ticket booking). By hooking directly to PRS the unnecessary overheads / bottlenecks on IRCTC can be avoided as the PRS is proven to scale for millions of transactions. I know this means a lot in terms of modifying the existing PRS but that is what Government have to do if you intend to create a true Citizen Experience.

Government to scrap the monopoly of http://www.irctc.co.in

Scrap the monopoly of IRCTC and facilitate vendors like makemytrip / flipkart / Cleartrip etc to invest and hook directly to PRS than going via the intermediary IRCTC. I believe the monopoly is one of the root causes if all these issues and this will put an end to it.

IRCTC, Please focus only on train ticket booking

IRCTC has to keep the focus on one and only in train ticket booking as there is lot more to do. Just be in the business of web booking for train tickets and not to waste their investments and engineering resources in trying to become an ecommerce vendor / web marketing channel. There are 100s of people there does that. Invest your precious resources in train ticket booking only…….

For all those the above makes sense spread the news :)

Venkatesan Sundaram
Senior Director, CRMIT

Originally Published on Venky’s Blog

Client On-boarding and Customer Experience

Anyone who has gone through the process of setting up a B2B (Business to Business) Account with a Bank would swear by the poor experience they are met with due to highly inefficient and ineffective client On-boarding process that they are subjected to. Banks these days have to realize this to ensure they make the first best impressions to their clients to avoid losing them to competitors.

Enabling Customer ExperienceThough part of the problem is compounded by ever growing regulatory compliance requirements like Anti Money Laundering, Terrorist Funding, Foreign Tax Account Compliance Act etc that the Banks have to adhere to, they just cover only one side of Poor Client On-Boarding experience.

The primary reason for poor on-boarding experience is attributed to few other reasons too.

  • Lack of Customer Centric Systems – Most the banks traditionally inherit systems that are Typically Product Centric than customer / relationship centric
  • Viewing the process of Client on-boarding as a back office operation than as an engaging front office with collaborative back-office framework to seamlessly work with numerous back office groups who play a facilitator role in the on-boarding process
  • Lack of metric / Key Performance Indicator (KPI) driven approach in place to plan, measure, correct and reward performing groups / Individuals who make significant difference to the client on-boarding experience

Though putting in place a Customer Relationship Management (CRM) system is not a magic wand that wipe-out all the issues listed above in one go without fundamental change in the way Organizations operate, an effectively designed / implemented CRM that mitigates the above challenges can be a sure differentiator for Banks to improve not only the customer experience but also the Net Customer Life Cycle Value.

Here I have articulated few suggestions and tips on how a CRM system can help Organizations to effectively improve the client on-boarding process.

On lack of customer centric system…

It is never going to be an easy task to just like that replace your product centric legacy back-end systems in one go into a customer centric system. The next viable best alternative available over here is to put an overarching CRM system that wraps your entire product centric core banking systems and make the CRM as a Centralized front office Application for your Relationship managers, Product Specialists and other Sales / marketing teams. The key design attributes of this CRM to facilitate On-Boarding should be below.

  • For new customers to be on-boarded, enrich the basic prospect data that you have collected in CRM with rich info that is available by integrating with Trusted Data Service Providers like D&B, Hovers etc. These systems provide very rich info about your clients like Client Organization Structure, Business diversity, Geographic Diversity, Key Client Contacts & their profile, financial data etc. This ensures a lot of info is already built in your system to do your KYC (Know Your Customer) as well as Risk Rating / Assessment in an effective manner by asking minimal info from your customers.
  • For existing customers, ensure your customer profile details (demographic, relationship, financials etc) spread across multiple internal products centric systems are cleaned and de-duplicated in the new CRM system. This would make it easier to facilitate on-boarding of existing customers to some your new products & services lot easier eliminating duplicity in asking info from customers that you have already with you.

On collaboration…

It is a common phenomenon observed in many Banking Organizations that Customer On-Boarding is considered either as a complete Back End (risk, legal, finance etc) responsibility or in few cases as sold Front end responsibility forgetting the underlying need of effective collaboration of front-end and back-end teams to make it easier for the customers.

The CRM one deploys should have all ways and means to make this collaboration between back-end, front-end teams and customers possible without any compromise on data security.  The collaboration could be facilitated by in-built email management solutions in CRM, a self-service portal that is integrated with CRM where customers can log-in and have visibility on his on-boarding process as well as share / submit additional info & documents needed, an internal discussion thread / business social features that can make interaction between back-end and front-end teams lot seamless and easier etc. In reality today many of these happen in an adhoc & in-efficient manual manner making it a time consuming as well as frustrating experience for the end customers.

On KPI Measurements…

None of the above systems and processes would work unless people on the ground are mandated to adhere to stringent KPI (Key Performance Indicator)/ SLA (Service Level Agreement). Assuming there is a commitment at the top to make it possible in having them in place, the CRM should provide support to have in place interactive dashboards and reports to report on these KPIs to identify the bottlenecks in the process and streamline it. The reports / metrics can be as simple as one that provides info on on-boarding throughput, performance of adherence to SLAs by various departments managing the on-boarding process, overall lead time, ageing analysis to identify critical bottlenecks etc. The KPIs should serve as a key input to your performance management team to see continuous improvement over a period of time.

So in net, going back to my original point, would like to share that Customer On-Boarding is an important process in establishing a new relationship with your client and making it effective / efficient with a well designed CRM system can make a big difference to Banks as well to Customer Experience.

Venkatesan Sundaram
Senior Director, CRMIT

Originally Published on Venky’s Blog

Guest Post : Story of a Wrong Swipe

Ever since we have got an iPhone at home, My son Akhil has been very comfortable with it. He uses it with such commendable ease, and seems to know how to get things done with that phone, though he does not exactly know what he is doing.

According to Akhil, it is not a “Smart Phone”, but a “Smart Playing Device”, He knows how to access App Store, and has loaded tons of games in our (his?) iPhone. Games of all sorts: Throwing paper into the dustbin (which he never does in real life), cutting fruits criss cross, running up, down and under, fighting, mimicking, cards etc.,

Last week, My husband Venkat was doing some work, when Akhil popped up asking him to enter the iTunes password. Venkat not bothering to check what was happening, just entered the password and continued with his work.

Little later, I got a SMS from my credit card company, that I have spent $64 with transaction detail as iTunes.

I have never spent this much for an App purchase, it must be something that Akhil downloaded. What happens now? I have to pay $64 for something I will never use? That’s not fair.

Next morning, I decided to do some research on this, hoping that there is a way to get that money back, it was after all a mistaken purchase.

After some googling, I found the way to report the purchase as a problem, and that page gave me a comment box to tell them why.

OK, a chance to exhibit that I can write well and convince people. I tell them how I have ended up in having a kid who is 5 years old (give or take 2 years), not comfortable with english but so addictive to iPhone and simply thinks Steve Jobs is a genius (Flattery works, I hope!) and that he has made a wrong purchase and I would like to revert it.

Wow, the mail seems to have done the magic because the very next day, I got the full $64 as refund, and a beautiful Email from Apple Support, which is one of the best support mails I have ever received:

Hello,

Thanks for contacting iTunes Store support to let me know you need some help. I understand that your son has made some purchases that he should not have. I can imagine you must be concerned, but there’s no need to worry. My name is Mark and I would be happy to assist you today.

After reviewing the circumstances of your case, we determined that issuing you a refund for your unintentional purchase is an appropriate exception to the iTunes store Terms and Conditions, which state that all sales are final. In five to seven business days, a credit of $64.97 should be posted to the credit card that appears on the receipt for that purchase.

Additionally, you can make modifications on certain devices that will prevent them from making purchases,

Thank you for being an important part of the Apple family. Please let me know how everything works out. I’ll be more than happy to have this looked into further for you.

Sincerely,
Mark
Senior Advisor
iTunes Store Support

There it is, a very personal mail, understanding my problem, stating that they are treating this as an exception, returning my full money without any fees / fine, and finally, giving me suggestions on how to avoid this in future.

Most important, It has a one-to-one tone, asks me not to worry, says that the money would be refunded in 7 days (But it was refunded even before the mail was sent, I assume) and ends with a note for further help.

Thanks Apple, not only for my $64, but for this wonderful support experience.

Jayamalini

Jayamalini is a UX Professional at Zoho Corp. Given two minutes of free time she would grab a book and start reading it from cover to cover. Writing is her next favorite pastime and she blogs her parenting experiences at http://akhilnjaya.wordpress.com (mostly in Tamil). At twitter she is @jayamalini