Here's why your company needs CXM software right now

Here’s why your company needs a CXM Software right now

These are the times when how you sell is more important than what you sell. Customer experience has taken up the centre stage with the global customer population opting for better buying experiences. With this in mind, ask yourself a critical question: how best am I in providing a remarkable customer experience? Not focusing on customer experience can cost you many customers. So, what to do then? The answer lies in Customer experience management. Here, let’s see how crucial it is to have a CXM software to stay ahead of your competitors.

What exactly is Customer Experience Management (CXM)

Customer experience management aka CXM includes marketing strategies that focus on customer interaction, relationships and purchasing experience. Often called as CEM, all of this group of technologies work towards a better customer engagement, thus building your company’s reputation as a customer centric business. The processes a brand or a business uses to track and organize every interaction with the customer come under Customer experience management.

• Seamless customer experience

• Strong online presence

• Personalizing interactions

• Real-time engagement with customers

• Quality customer service

How is CXM is different from CRM

You may have seen both CRM and CXM together a lot. But that doesn’t mean they’re the same. They are not synonymous as both of them focus on different things. For instance, CRM or Customer reputation management is mostly concerned with a brand's reputation and it regulates the inner activities of the brand. On the other hand, CXM is more about customer-centric approaches, using strategies and technologies to provide high quality interactions to customers. While there are a lot of similarities between both Customer reputation and experience management, there are also significant differences in perspective and emphasis.

CRM programs, as we said earlier, consider things from the perspective of the brand, thus focus more on generating revenue. Often combined with customer support systems, this model can be more sales oriented than CXM. Customer experience management programs are more concerned about customer satisfaction. And sentiments. It uses customer’s response to overcome shortcomings and become better and to stay ahead of competitors.

Working towards a customer centric model, CXM enables instant and seamless communication with customers. These data will help brands to get insights from their own interactions and to use it for the brand’s benefit. The negative feedback could be of great importance here, which can be used for building better customer engagement.

A company can use CXM to strengthen their customer relationships and win more customers.

In short, CXM goes beyond CRM in a lot of respects.

How does CXM become important?

You may have got the idea by now. CXM drives profitability by taking care of each and every interaction you have with the customer. Why is it so important to focus on customer engagement? It’s pretty obvious. The more you study customer behaviour and response, the more you understand how to win more customers. When your existing customers themselves turn into your brand advocates, the impact will be huge. This will definitely drive more people to your business. CXM is about creating a personalised and convenient space so that it’s a win-win, both to you and to your customers.

The perks you get include long lasting relationships with loyal customers, lead generation, successful conversions and ultimately, more revenue. All of this will automatically result in the overall growth of your business. You’re not the only one benefitted with CXM. Your customers are rewarded with a more fulfilling experience with the attention they deserve. They can also develop a solid relationship with the brand, strengthened with personalised interactions.

Introducing CXM software

CXM is a long path to go. It’s not easy to perfect all your interactions and engagements. That’s where you need a CXM software. It will ease you so much and reduce your workload. Forget long out jumping from window to window, and having trouble reaching out to customers.

A CXM software effectively manages everything that comes under Customer experience. From one-to-one personalized interactions to negative and positive reviews, the software got you covered. You don’t need to worry about managing chats and reviews from multiple locations. Tools like Cloodot have every single message and review in one place.

Why CXM software?

There are some key features of a CXM software that you must pay attention to before you make your decision. -

It offers you security

Giving all your employees access to your bases comes with a security risk. With a good CXM software at hand, you don’t have to worry about this at all. A single location serves every function where you can be with your whole team. In short, if you care about privacy and security, CXM software is for you.

Effective control over multiple channels

Whether you are a small business having diverse business profiles or a big business with multiple locations, all you need is a place where all your interactions are centralized. A good CXM software like Cloodot brings all the interactions including reviews and chats to one suit. This makes it a lot easier to handle all these communications effectively, on time.

Providing business insights

By analysing the data of your customer engagements across platforms, you get a clear picture of where you are right now and where you want to go. This data interpretation is crucial for your business for making informed decisions. This is where a CXM software is going to help you with. Cloodot ensures you get all the data you need, easily readable and visualized for your better perception. Not just that, now you get the analysis of the data from different platforms in one place.

Personalizing interactions

An integral part of CXM, as we have seen before, is personalization. CXM software provides you the opportunity to personalize conversations, with tools like one-to-one automations. By making use of advanced technologies, a software like this can tailor personalized experiences. This will ease you a lot, especially if you’ve a larger customer base.

Automated messaging

With automated messaging facilities supported by Artificial Intelligence, your customers are never left hanging, even if you’re not available. If a customer reaches out to you after office hours, you can use this feature to immediately respond to them no matter in which platform they choose to connect. You can save a lot of time too and focus on something else.

Collaborating with your team

A good CXM software reimagines teamwork as it unifies your team, working together in one location. This also lets you stay on the same page, avoiding all the confusions and miscommunications. Plus, you get better results from your team by making use of everyone’s potential as the software allows you to assign tasks to suitable people. With everyone on board communicating within themselves and delivering high quality customer service, your business will automatically earn a great reputation.

Monitoring performance

Self-evaluation is crucial, even in business. You can’t move forward without assessing your previous steps and how far you’ve come. That’s how you can make actionable decisions which will contribute to your growth. Based on your interactions with customers, a CXM software can give you detailed data about your performance. Not only that, you can also monitor the performance of your employees to analyse how better they are. By examining these performances, you can take solid actions to overcome your shortcomings and fix mistakes as early as possible.

Elevate employee experience

It’s not always about customers. It’s about your employees too. Employee satisfaction is an important factor when it comes to the success and growth of your business. The employees will be more productive when they work in a convenient atmosphere. CXM software offers such a comfortable workspace by making the whole process easy going rather than tedious and tiring.

CXM is evolving rapidly. With the rise of customer-centric brands, the whole market has acquired new shape. In this hyperconnected digital age of high competition, your brand needs to stand out. To put it simply, that’s why you need a CXM software. It’s a much larger goal of achieving a customer centric reputation that CXM software carries on. Maybe this is what you need right now to change the outlook of your business altogether or to manage your overflowing messages and reviews. Whatever it is, Cloodot is here for you. Sign up today and see what you miss!