‘Social CRM’ changing how processes are developed



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January 7, 2010 —  (Page 1 of 2)
Social media has become the new soapbox, and public conversations about companies and products have changed how customer relationship management systems and business processes should be developed, according to a Forrester Research report published on Tuesday.

The report, entitled "Social CRM Goes Mainstream," suggests that CRM solutions should now include technologies that support business processes for acquiring, retaining, targeting, understanding and collaborating socially with customers. Business process professionals should design their future plans around that vision, it says.

Forrester believes that the social Web is forcing business process professionals to expand their thinking beyond the traditional two-way channel of communication between enterprise and customers to also include the interactions that customers have among themselves.

"CRM is evolving from its traditional focus on optimizing customer-facing transactional processes to include the strategies and technologies to develop collaborative and social connections with customers, suppliers, and even competitors," it states.

Forrester vice president and principal analyst William Band and senior analyst Natalie Petouhoff contributed to the report.

The social trend has not gone unnoticed by CRM solution makers, both new and old.

New York-based startup Bantam Live is building its CRM platform around social CRM, and Salesforce has introduced a new capability called Chatter to its subscribers.

Social CRM was initially adopted by large organizations such as Comcast and Zappos on the customer support side, but also gives businesses the ability to listen and respond to the voice of the customer, said Bantam CEO John Rourke. That ability has shifted social CRM back to where CRM started: sales and marketing, he said.

The Twitter API made it possible for wide adoption of social CRM, and other social networks are copying its API functions to enable applications to pull in information, said Bantam CTO Henry Poydar.

Bantam uses its service to draw information from Twitter to discover new customer prospects, Rourke said. "We search for 'Salesforce,' and reach out to people, asking, 'Have you considered us?' "

Conversations are imported into a business process to create tasks for a sales team member to follow up with individuals, Poydar said. The company intends to introduce an API in Q2, and it will be integrating new project management capabilities into its platform.



Related Search Term(s): Bantam, CRM, Salesforce

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01/08/2010 01:55:31 AM EST

Just like with Traditional CRM, Social CRM is about a lot more than just the technology or software. The very underpinnings of society and business are changing because of the rapid growth of social tools. In short, Social CRM is the company's response to the customer's ownership of the conversation. For more thoughts on Social CRM, visit http://freecrmstrategies.wordpress.com

United StatesBrian Vellmure


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