{"id":12413,"date":"2021-02-18T21:00:00","date_gmt":"2021-02-18T21:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/02\/18\/new-research-from-sugarcrm-reveals-a-customer-relationship-crisis\/"},"modified":"2021-02-18T21:00:00","modified_gmt":"2021-02-18T21:00:00","slug":"new-research-from-sugarcrm-reveals-a-customer-relationship-crisis","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/02\/18\/new-research-from-sugarcrm-reveals-a-customer-relationship-crisis\/","title":{"rendered":"New Research From SugarCRM Reveals a Customer Relationship Crisis"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n                            <!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p class=\"subheadline\">\n                               Struggling to get a clear picture of their customers, 49% of sales leaders in Australia say their CRM is costing them revenue                            <\/p>\n<p>CUPERTINO,&#13;<br \/>\nCALIFORNIA\u00a0&#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0-&#13;<br \/>\n19 February 2021 &#8211; Fueled by lack of visibility into customer data, companies&#13;<br \/>\nare facing a customer relationship crisis. Fifty-two percent of sales&#13;<br \/>\nprofessionals in Australia believe that their CRM systems are unfit for&#13;<br \/>\npurpose, while customer churn is costing mid-market companies an average of&#13;<br \/>\nUS$5.5M per year each, according to a new <a href=\"https:\/\/www.sugarcrm.com\/au\/hd-cx\/content\/crm-sales-impact\/\"><b>CRM and Sales Impact<\/b> <b>Report<\/b><\/a><b> <\/b>from&#13;<br \/>\n<a href=\"https:\/\/www.sugarcrm.com\/\">SugarCRM<\/a>.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><a name=\"_23vs8kpbh74q\"\/>The&#13;<br \/>\nresearch reveals that many businesses lack the necessary tools to provide the&#13;<br \/>\nkind of customer experience that will keep them competitive. Besieged with&#13;<br \/>\nstatus quo CRM systems, sales leaders are struggling to ensure their sales&#13;<br \/>\nteams are spending enough time with customers and can access the data required&#13;<br \/>\nto build and maintain these vital relationships. The report surveyed 1,000&#13;<br \/>\nsales decision-makers in the US, UK, Germany, and Australia, and found that 49%&#13;<br \/>\nof Australian sales professionals believe their CRM systems are costing them&#13;<br \/>\nrevenue &#8212; demonstrating the extent of the issue.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;Customer behavior has&#13;<br \/>\nfundamentally changed and businesses around the world are facing a customer&#13;<br \/>\nrelationship crisis,&#8221; said Craig Charlton, CEO of SugarCRM.\u00a0&#8220;Sales teams are bogged down with&#13;<br \/>\nadministration and stuck with an inaccurate picture of the customer with little&#13;<br \/>\nadvance notice or insight into customer churn. These findings are a wake-up&#13;<br \/>\ncall for companies relying on the market-leading incumbents in CRM with&#13;<br \/>\nsoftware that is tuned to steady-state and known customer behaviors.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The research found that&#13;<br \/>\n53% of sales leaders are fatigued and frustrated with the CRM admin burden&#13;<br \/>\nplaced on their sales teams, which is taking them away from customer-facing&#13;<br \/>\nactivities. Indeed, sales reps are only spending 54% of their time selling.\u00a0The <a href=\"https:\/\/www.sugarcrm.com\/au\/hd-cx\/content\/crm-sales-impact\/\">CRM and Sales Impact Report<\/a>&#13;<br \/>\nalso revealed over half of sales reps in Australia\u00a0(52%) reported their customer churn increased&#13;<br \/>\nin the last 12 months,\u00a0with 52% of&#13;<br \/>\nrespondents having trouble predicting when customers would churn.\u00a0And upon reflection, almost half (48%) of&#13;<br \/>\nthose sales professionals reported not knowing why customers churned.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>In addition, 50% of&#13;<br \/>\nAustralian sales leaders admit that they cannot access customer data across&#13;<br \/>\nmarketing, sales, and service systems, leaving customer-facing team members&#13;<br \/>\nwithout a clear picture of their customers. The gap in customer data, the&#13;<br \/>\nmillions of dollars lost to churn, and the lack of insight, prevents sales and&#13;<br \/>\nbusiness leaders from acquiring the intelligence they need to make both vital&#13;<br \/>\nstrategic and tactical decisions. Companies that close the data gaps and&#13;<br \/>\nimprove the accuracy and completeness of their customer data, stand to improve&#13;<br \/>\nretention, increase revenue, and gain more predictable business outcomes.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>To download the full CRM&#13;<br \/>\nand Sales Impact Report from SugarCRM, including regional data for the US, UK,&#13;<br \/>\nGermany, and Australia, visit: <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><a href=\"https:\/\/www.sugarcrm.com\/au\/hd-cx\/content\/crm-sales-impact\/\">https:\/\/www.sugarcrm.com\/au\/hd-cx\/content\/crm-sales-impact\/<\/a>.<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/release.php\/View\/65444#Contact\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Struggling to get a clear picture of their customers, 49% of sales leaders in Australia say their CRM is costing them revenue CUPERTINO,&#13; CALIFORNIA\u00a0&#8211;\u00a0Media OutReach\u00a0-&#13; 19 February 2021 &#8211; Fueled by lack of visibility into customer data, companies&#13; are facing a customer relationship crisis. Fifty-two percent of sales&#13; professionals in Australia believe that their CRM &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12413"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=12413"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12413\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=12413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=12413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=12413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}