Winning against market disruptors such as Amazon and others for the office products reseller vertical and similar distribution industries isn't about staying with what's always worked. It's about undergoing a digital transformation by embracing digital technology.
54 % of organizations now feel that Digital transformation is a top priority - and it should be! It's because digital transformation plays a huge role in improving the customer experience, and make no doubt about it-customers want a positive experience and statistics show they're willing to pay more for it.
Process automation is a prime example of digital transformation that needs to be embraced. Process automation plays a key role in significantly lowering the cost of doing business and provides superior customer service coverage levels for existing and prospective customers not possible without digital technology.
It’s about digital technology becoming an equalizer against bigger disruptors, with the ongoing focus of maximizing the customer experiences.
Companies not embracing digital transformation face growing market share erosion from competitors disrupting traditional markets with digital technology. As an astute office products reseller whom we reached out to said: “Our competition has automated things we’re still doing manually (and poorly / inconsistently) – if we continue this way our survival is in question”!
Amazon is a classic "disruptor"! Disruptors rapidly exploit the friction and flaws in your market. A major piece of their strategy is process automation.
Implementing process automation begins with looking at existing processes in terms of the total customer experience and automating them. Typical process examples include:
Companies need to beware of joining most businesses failing to make this transformation. A powerful report from Forrester Research looks at all of this. It's titled "The Sorry State of Digital Transformation in 2018". Here are a few excerpts from this report that offer business leaders some clear-cut rationale to make this transformation:
"Embracing digital technology and business models is the only
path forward in a world where customers are empowered and
disruptors rapidly exploit the friction and flaws in your market".
"Digital technology has the potential to massively lower the cost
providing your services".
Companies must adapt, move quickly and win with their own digital transformation.
A digital technology suite from CRM International includes Sugar Sell CRM and Sugar Serve customer service management, integrated with Sugar Market marketing automation. This suite features the following two enterprise CRM-driven process automation components that epitomize digital transformation:
Here’s a look at these two components:
Sugar BPM (Process Automation): This platform offers outstanding cost savings in many areas. This includes customer service where manual and time consuming and costly tasks are replaced with automated processes that work much faster. This reduces redundancies in customer-related tasks - lowering operating costs while keeping customers satisfied. The list is endless for customer service and admin overall and includes areas such as contract approvals, dynamic case management and call triaging.
The impact of process automation on the sales process can be staggering. Manual tedious and time-consuming tasks for sales people are greatly reduced. The result is they can spend more time on selling and less time on admin tasks. Customer and prospect automated follow up leaves sales people for sales-building activities such as pipeline management and lead nurturing, most of which can be automated as well.
Customer Journey Mapping: This platform is about understanding current customer journeys, their experiences with your company, and stepping into their shoes. The customer journey map is about analyzing their experiences with your company in a graphical representation and determines what you can do to improve it. Journeys include areas such as onboarding, customer growth follow up, lead follow up, to name a few.
It’s important to examine touch points with your customers and prospects and make changes on a graphical map that becomes part of the follow up, resulting in an improved customer experience. Some examples of touch point follow ups include calls, email templates, and onboarding status for new customers. A prime use case for customer journey mapping is a check on new or existing customer buying history vs. goals. This is helped greatly with integration to a business intelligence solution. We integrate with sales-i business intelligence.
Today's companies need to understand that a market disruptor such as Amazon and others have made a digital transformation that includes the digital technology described here. At CRM International our team has a combined 50 years office products industry experience as well as other related industries. We combine this experience with world class Enterprise CRM integrated with leading marketing automation and business intelligence solutions and a world class development and technical team.
Needless to say digital transformation also plays a huge role in new customer development. by helping drive marketing automation and the complete lead nurturing process.