Business Process Management (BPM) has undergone rapid evolution over the last
few years. In its infancy, BPM primarily focused on moving documents and information
from "system to system" while largely ignoring human factors. BPM
has continued its evolution by progressively incorporating more "human-centric"
and role-based capabilities across the process lifecycle. This enables the people
within an organization to take the appropriate action at the right time and
to more directly drive the creation and management of the processes themselves
with less dependence on IT. However, while organizations have recognized the
value of "human-centric" BPM solutions, these human interfaces have
remained primarily focused on empowering decision makers to manage internal
company processes - from underwriting, to risk management, to approval. To date,
little attention has been paid to customers and how their interactions fit into
the business processes.
As organizations look to leverage BPM capabilities to interact directly with
customers - to manage business transactions, drive loyalty and retention campaigns,
or to promote new product offerings - they will be challenged to synchronize
disparate corporate systems and integrate those across a multitude of communications
channels. Customer-oriented communication channels began with the web, but now
include smart phones, chat, SMS, social networking and Interactive Voice Response
(IVR).
Today - perhaps more than ever - organizations are recognizing the importance
of enabling customers to directly engage with the business in an effort to stay
ahead of the competition. Price and products alone no longer set the company
apart. Instead, the quality of customer experience and ease of access can mean
the difference between a loyal customer for life and one that takes his or her
business elsewhere. In fact, some sources claim that as much as 70 percent of
the identifiable reasons why customers left typical companies had nothing to
do with the core offering, but cited poor quality of service for switching.
This is not to say that product offerings are no longer a factor in a company's
success. Instead, as companies continue to look for ways to enrich the customer
experience, they must also be prepared to provide a steady stream of new and
innovative products, whether a unique combination of existing services coupled
with new price points, or perhaps an entirely new line of products or services.
Each offering should be tailored to target market segments and individual customer
communication preferences.
Of course the customer has always been an important consideration for any successful
business, but today's customer looks vastly different from the customer of five,
or even two years ago. Customers are increasingly tech savvy and expect 24 x
7 access to their accounts and services across a variety of applications and
communications channels. They expect to do business with their providers whenever
and however they want, and expect that their interactions will provide them
with immediately-actionable information that is never out of date. In short,
they expect more than ever from the companies with which they do business.
What's more, with increasing ease customers can take their business from one
provider to another - and they're not afraid to do so. More provider options,
together with more ways to communicate and daily changes in how customers consume
information, is making it more difficult and more expensive than ever to attract
new customers, while also making it easier for existing customers to take their
business somewhere else. This provides organizations with any number of new
challenges when it comes to winning customers and keeping them happy for life.
These factors, together with a difficult financial environment have companies
focusing more than ever on customer engagement - maintaining customer loyalty,
developing cross-sell, up-sell and partnering programs - and especially on acquiring
new customers more efficiently. Companies are spending billions of dollars on
systems in an attempt to engage customers and prospects in conversations that
are richer and more consistent than their competitors. Yet even with a concerted
focus on improved customer engagement, the overall customer experience can easily
be in jeopardy as a result of disjointed and poorly integrated business systems,
along with traditional enterprise models that are ill-equipped and failing to
keep pace with today's accelerated rate of change.
Many companies are attempting to address the customer engagement challenge by
piecing together traditional enterprise tools, such as CRM, BPM, BI and custom-built
portals, only to find that these traditional technologies are not able to keep
up with the rapid addition of new communications channels and the way customers
expect to do business today. Most of these applications rely on hard-coded portals
and unique integrations to back-end systems, requiring specific implementations
for every new initiative, across every communication channel. With the continuous
introduction of new channels in recent years - including web, mobile and social
networks such as Facebook and Twitter - innovating and promoting new products
effectively and quickly becomes increasingly difficult.
BPM's system-to-system focus, coupled with individually-maintained portals across
a growing number of channels, is creating complex maintenance challenges that
are a burden to the business and ultimately put the customer base at risk. To
'delight customers,' BPM should be enhanced to incorporate human factors into
interactions that can be consumed across any number of channels from a single
implementation.
And let's face it: customers are going to continue to expect even more from
their providers (as they should), while the number of communications channels
is likely also going to continue to grow and evolve. In two or three years,
for example, the way customers and providers exchange information via Twitter
and Facebook isn't going to look the same as it does today. Yet, it can be difficult,
if not impossible, for any organization to anticipate what the next great social
media channel will be for customers. For organizations using technologies that
require hand-coding to develop new customer campaigns, this challenge can be
even more risky. Writing a specific program for each communication channel can
be time-consuming and costly, and the company has no guarantee as to which channel
will be embraced by the customer for any given campaign. This leaves a company
with two less-than-desirable options: invest a lot of time and money in developing
a campaign for a specific channel - Twitter for example - without knowing whether
customers will embrace it. Or, wait to see if a channel takes hold before developing
a campaign around it, in which case you're no longer ahead of the competition.
By putting the customer first, organizations can focus on ensuring the real-time
synchronization of data and processes across all media channels. Automated processes
allow all data entered by customers, employees, suppliers and business partners
to be available immediately across every communication channel, ensuring that
customers never have to be asked twice for the same information.
Successful companies today are embracing a new way of thinking about BPM - one
that combines the necessary business processes to drive successful campaigns,
while also still focusing on true customer engagement. This new BPM puts the
customer first, communicating with him when, where and how he specifies, but
does so in a way that is efficient and profitable for the business. This new
BPM allows an organization to anticipate and respond to customer preferences,
global events and industry changes quickly, while always staying one step ahead
of the competition. Satisfied customers have always been the key to any successful
organization. The BPM of today and tomorrow embraces this fact, allowing businesses
to engage with their customers in a way they never have before.
About the Author
Brenton Farmer, chief executive officer and co-founder of Interactive Softworks, brings more than 20 years experience building companies that deliver innovative and award-winning software products. Brenton co-founded Interactive Softworks in 2001 with an interest in improving how people and business systems exchange information and in new and evolving models of business interaction, Brenton is pioneering fully integrated multi-channel communications solutions that improve the way businesses, customers and partners interact. Brent’s strong entrepreneurial spirit and extensive technology background provides the driving force behind Interactive Softworks’ strategic vision.
More by Brenton FarmerAbout Interactive Softworks
Interactive Softworks customer engagement solutions improve the way organizations engage customers by synchronizing critical real-time data with back-end processes and driving individualized customer interactions across multiple communication channels (voice, Web, IVR, chat and social media). Interactive's solutions represent the next step in Business Process Management (BPM) and Customer Relationship Management (CRM) systems, enabling smarter and more consistent customer experiences that leverage partner and market-driven opportunities. Today, Interactive Softworks optimizes business performance and delivers successful customer acquisition, loyalty and retention campaigns for innovative Fortune 500 companies. For more information, visit www.interactivesoftworks.com or call 703-669-2800.
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