Loyalty Insights Vol1

Page 8

Global Brands Bring New Focus to Holistic Customer Strategy

Interval Requests An Upgrade Just four years ago, Interval International was one

center,” Patel says. “We now have more than 150

of those companies that communicated with its cus-

offers, which can be targeted down to the person.

tomers as if they didn’t know them. Up until 2003,

We are now able to segment our offers regionally

the vacation exchange network of 1.8 million cus-

and also incorporate purchase and behavioral pat-

tomers and more than 2,000 resorts was hamstrung

terns so we are not talking to someone in Texas the

with a homegrown CRM system that provided no

same way we talk to someone in New York City. We

visibility into its customers and limited its email dis-

are also able to see if a particular channel, such as

tribution to 15,000 at a time. A recent overhaul of

email, isn’t working for you and try to adjust our

the company’s IT and marketing departments, as

marketing to fit a particular customer’s preference.”

well as the implementation of a new Infor single-

Because the ability to communicate timely vaca-

view customer solution, has provided the company

tion offers is critical in the travel business, Interval

with a full, integrated view of the customer.

has an immediate payback from the ability to

“With our old homegrown system, we were

increase its email volume and also to send targeted

sending the same email offers to every customer

messages. From a volume standpoint, the company

and every customer saw the same banner ad when

has increased its email capacity to 1.2 million over a

they visited our website,” says Sapana Patel,

seven-day period, resulting in an immediate rev-

Interval’s director of applications services. After

enue increase, and its email open rates jumped 60

going through the early phases of the project,

percent in targeted groups.

Interval learned that the payoffs wouldn’t come

The next phase of the single view strategy for

from the CRM system alone, so the company

Interval, according to Patel, will be integrating the

created a centralized department to oversee their

call center so it can access the same offers being

customer interactions.

extended electronically. Patel also wants to expand

“We now have one view of the customer and we

the ability to better calculate the lifetime value of its

know exactly who you are whether we are commu-

customers to extend more relevant offers to its

nicating via email, our website, or through a call

top-tier customers.

“We are now able to segment our offers regionally and also incorporate purchase and behavioral patterns so we are not talking to someone in Texas the same way we talk to someone in New York City.” – Sapana Patel Director of Applications Services, Interval

Conclusion Interval’s use of the single view strategy shows that

customer retention and acquisition. The obstacles

the increased customer intelligence made available

are big but must be overcome. Unifying outdated

can be used to increase customer value. When Patel

data collection processes, rules and analytics and

says that the company will develop more offers for

bringing those processes into real-time life can help

its top-tier customers, the single view of the cus-

your company see its customers better, and align

tomer it has developed will make defining its top

itself around that customer view. Bell Canada did it

value easier. It will also enable more relevant offers

with its various products that needed to all find a

to that customer group, which will develop more

relevant target among its 28 million customers.

revenue from that group and stronger customer

Turkcell did it to fend off competition. Interval did it

relationships. Increasing customer value is a key

to increase customer value.

strategy in the always on, hyper-marketing world that your customers live in.

With a single customer view, your company will avoid the alienation that comes with treating cus-

The variety of examples also shows that a

tomers like strangers. A single customer view helps

unified view of the customer is an essential com-

your company treat customers as they should truly

petitive strategy as well as an efficient approach to

be treated: like your most valuable asset.

©2007 Carlson Marketing Worldwide. Peppers & Rogers Group is a division of Carlson Marketing Worldwide. All rights protected and reserved.

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