For Business Process & Applications Professionals (Length: 19 pages)

September 30, 2009

To Invest Wisely, Know The Business Value Of Diverse CRM Solutions

This is the third document in the "Making The Right Customer Management Technology Choices" series.

by William Band

with Connie Moore, Andrew Magarie


Executive Summary (This is a document excerpt)

To help customer relationship management (CRM) professionals make smart decisions and navigate the complex CRM technology landscape, Forrester surveyed 286 companies. The goal was to determine the business value-add adjusted for uncertainty of 19 types of customer management technologies as defined by three criteria: 1) How critical is each to business success? 2) What is the technology's reputation for value? 3) How difficult is it to implement and use? Community platforms, customer forums, and enterprise feedback management solutions — all of which enable new ways to connect more closely with customers — have debuted on the CRM stage. However, selling, order taking, and customer service remain the solutions that deliver the most certain business value-add. Customer data management and business intelligence solutions are becoming much more robust, supporting deeper customer insights and better decision-making. Use Forrester data, methodologies, and tools to pinpoint quick wins and to make the best choices for your organization.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemWhich Customer Management Solutions Deliver The Most Value?

itemThree Criteria Define The Business Value Of CRM Ecosystem Applications

itemSales, Order Management, And Service Apps Deliver The Most Certain Value

recommendations

itemSocial CRM Is On The Rise, But Core CRM Apps Offer The Most Proven Path

itemSupplemental Material

Forrester conducted a survey in partnership with CustomerThink of business and IT executives and managers in 286 companies using, or considering buying, 19 types of customer management solutions. We also reviewed our ongoing research on technology trends and analyzed inquiry patterns.

Related Research Documents

itemTechRadar™ For BP&A Professionals: The Extended CRM Application Ecosystem, Q3 2009

July 9, 2009

itemTrends 2009: Customer Relationship Management

December 11, 2008

itemThe Forrester Wave™: Enterprise CRM Suites, Q3 2008

August 29, 2008

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Analyst: William Band
Technology: Application Strategy & Selection, Contact Center Technologies & Processes, Customer Experience, Customer Relationship Management, eBusiness/eCommerce, Marketing & Advertising, Marketing Automation, Networking, Order Management, Packaged Applications, Product Life-Cycle Management, Social Computing & Web 2.0, Sourcing & Procurement, Sourcing & Procurement Applications, Sourcing Strategy & Execution, Supply Chain Management
Industry: eCommerce Platforms & Technologies, Financial Services, Online Financial Products & Services
Geography: Asia Pacific, Europe, North America