Summary
What happens when your sales reps blindly make decisions without having the right customer contact information and transaction data at their fingertips to guide them? Santander Consumer USA, a consumer automotive finance company, faced precisely this challenge within its 125-member sales team. To address this problem, it implemented a mobile CRM solution. The company used five specific best practices to demonstrate executive sponsorship, tune the solution to meet the needs of sales reps, and leverage peer-to-peer relationships to build user adoption. The result? Closed sales deal transaction rates increased by 25%. Loan closing cycles shortened from seven days to four, and sales time per visit with customers rose from 25 minutes to 45 minutes. By implementing a mobile CRM solution, the proportion of data entered by sales reps that was accurate increased from 10% to 80%.
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