Weathering the Storm

In reference to my last post I l examined the notion of companies adopting mobile CRM technologies to enable better efficiency and a competitive edge. In today, post I would like to continue on with that thought but take it further in terms of how such a stance towards mobile CRM can be a potential boon for companies looking to remain fiscally vibrant in a worsening economic climate.

Sales forces should have instant access to critical information which enables transactions while technicians should be able to check inventories instantly in order to source replacement parts. Mobile CRM software applications enable this and add to increased efficiency, productivity and ultimately customer satisfaction. It is this last notion which counts for so much these days considering the financial woes of many industrialized countries including Japan. Smart companies understand that the costs associated with sourcing new clients far outweigh what it costs to actively keep the existing base happy. Engaging in pure customer retention and after-marketing practices which purely aim to satisfy current customers, is one way companies can surely combat these external economic conditions. This is where CRM systems can really prop up companies and allow them to not only ride out these rough times but actually take steps towards enhancing their overall market positioning.

Large and small companies ought to be engaged in this constant game of finding ways to increase efficiency. The problem at times however, and what hinders mobile CRM uptake appears to be that some of the costs and inefficiencies do not directly show up on company income statements in terms of fixed expenses. Without some fairly deep introspection it is difficult to pinpoint where and how costs can be reduced by the successful implementation of software applications. I can assure you though, there are costs for not aligning with the times and they show up in terms of lowered productivity of workers or inefficient use of resources, meaning lost revenue which ultimately hinders profits.

Through the application of high-tech-analytics capabilities, collaborative platforms and automated processes, mobile CRM applications are well armed to attack company or departmental inefficiencies. By gathering information from multiple data sources and storing it in a centralized location, a hosted CRM solution provides a holistic view of a customer in real time. From this insight, a company’s management, sales and service people can better generate leads, target top customers, manage marketing campaigns, drive sales and in due course boost customer satisfaction.

As many companies are faced with the reality of having to batter down the hatches for the foreseeable future, it is my humble opinion that companies here in Japan and worldwide ought to really look into mobile CRM as one of their main defenses to this storm of uncertainty.

Canadian Chris

Unleashing the Power

In today’s post I thought I would explore a side which we have yet to fully delve into here at Mobile CRM Japan. That is the use of mobile based CRM systems for the sole intent of adding both versatility and potency to one’s workforce. What I mean by this, is that if your company has a number of workers who are mobile--pardon the pun—or out of the office for major portions of their day, a well chosen CRM application can do wonders for enhancing worker productivity, modernizing and smoothing out of business operations and logistics, as well as amplifying overall customer services levels.

This push towards establishing a mobile based CRM system which has the ability to connect workers via a mobile phone to the office and allow for increased functionality is a notion that will become increasingly more important as businesses look for new and more efficient ways to service their customer’s needs. The fact is that today’s technology is evolving to the point in which this real time sharing of information is not only possible but soon to be a standard in business operations for competitive firms. Without tapping into this resource companies are putting themselves at a distinct disadvantage to direct competitors who are embracing this technology. Additionally, what should help in the adoption of this type of technology is that it is becoming more affordable for SME’s—small to medium enterprises. This news should be music to the ears of companies in Japan which is around 98% SME dominated.

To clarify both the importance and functionality issues even further, let’s say your company manufacturers, sells and services ‘ABC widgets’. Within your employee base you have two divisions which spend a number of hours in the field. One is your sales force selling your ABC widget and the other is your servicing division consisting of on-site service technicians who service your product. Your sales force should have instant access to information which may assist in enabling a transaction or closing a deal, such as the placing of an order, updating relevant customer information details, or checking inventory. Equally, your technicians should have the ability to attain instant access to company troubleshooting manuals, part numbers, part delivery orders and so on. All of this and more should be able to be performed through a wireless device so as to shorten the lead to cash cycle, increase efficiency and ultimately satisfy the customer needs.

Current mobile devices coupled with today’s rapid evolution in technology certainly have the power to unleash a host of applications aimed at helping businesses strengthen operations. Here in Japan, like most of the other industrialized worlds such a shift is certainly underway however the race is on. It is our thinking here at Mobile CRM Japan that the companies who fully embrace this mobile based CRM technology and thoughtfully single out what it can do for them, are the companies which will ultimately position themselves to thrive.

Canadian Chris

Catching that next wave...

I just checked out an online presentation from the folks over at the Tokyo based Infinita Inc. and came across yet another informative arrangement of mobile stats, insights and other goodies. The author of these reports, Christopher Billich was recently in Singapore at the Youth Marketing Forum 2008 to give his presentation entitled: Harnessing Mobile Marketing to Connect with Today’s Youth. As I went through, I was thinking that this presentation was much the same as many of his others in that current mobile functionality topics were covered along with examples of mobile campaigns by large companies. However, that is when I stopped to think about this a little more. I looked at his stats section again and really concentrated on what is being shown here and what I found were key youth metrics such as time spent on mobile web by youth aged 16-24 essentially exploding.

61% of these youth spend one hour or more per day on their mobile web!
90% of youth use the mobile web daily!
42% of youth aged 10-19 rated mobile first, as the medium which matters most to them!
(This stat topping TV (25%), PC (22%) amongst others included in that survey)

What do these stats mean to mobile CRM opportunities? Well, they mean a lot if you are in any way positioned within this market. The signs are there for exponential growth in the near future. Look no further than Mr. Billich’s collection of stats on mobile advertising. One could be a bit put off by the fact that at present advertisers are only directing 1% of budgets towards mobile campaigns. However, looking closer we realize that the year on year growth dating back to 2005-2006 was +35.4% and 2006-2007 coming in at +59.4%. Still not impressed? Okay, how about the fact, that last year alone the equivalent of half a billion U.S. dollars was spent on mobile advertising and this stat is expected to double by 2011.

Is this sinking in? I certainly hope so because this is where this market is going. The bigger companies with larger exploratory budgets are starting to realize this, as it is not unusual to see campaigns by MacDonalds, Nike, Gucci etc. on the mobile web. It is an exciting time for companies which harness mobile CRM systems. In addition, this can be a fun time for mobile CRM developers as well as the end users who ultimately are able to enjoy these new and unique ways of company/customer interaction. Just see my colleague, Chris Delcourt’s recent posts on this and you begin to get the idea.

In closing, we can see certainly see the signs of change on their way within the mobile CRM industry. This advance which is being led by today’s youth, is gaining in strength and it will not be long before a number of companies are suffering the consequences of ill preparation. Conversely those which keep tabs and position themselves well have the potential to ride this proverbial mobile CRM wave to new frontiers.

Canadian Chris