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CRM for Marketing Executives
Michel van WoudenbergGeneral Manager Asia Pacific Oracle CRM On DemandSeptember 2010
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Sales & Marketing……Choreographed to perfection….?
• “We don’t get any decent leads from Marketing”
• “Sales don’t follow up the leads we provide”
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55% have not aligned sales & marketing
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The Dream Funnel
$
* Graphics are not drawn to scale
MARKETING FUNNELMARKETING FUNNEL SALES FUNNELSALES FUNNEL
Every Lead Progresses Orderly and Smooth
5
$
Reality: Unpredictable Funnels
Lead
Qualified
~20%
Usable
~50%
* Graphics are not drawn to scale
Opportunity
~40%
Response
~25%
MARKETING FUNNELMARKETING FUNNEL SALES FUNNELSALES FUNNEL
LOW CONVERSION RATE: Inefficient Process Stages LUMPY FUNNEL: Each Stage Wastes Significant Leads
~40%
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$
Reality: Misaligned Funnels
* Graphics are not drawn to scale
MARKETING FUNNELMARKETING FUNNEL SALES FUNNELSALES FUNNEL
FUNNEL MISALIGNMENT: Lots of Wasted Efforts
Lead
Qualified
~20%
Usable
~50%
Opportunity
~40%
NO SALES FOLLOW-UP
Response
~25%
~80%
~40%
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$
Building the Dream Funnel
Lead
Qualified
~20%
Usable
~50%
* Marketing Mgmt Journal, 1994 v3
Opportunity
~40%
Response
~25%
NO SALES FOLLOW-UP
FUNNEL ALIGNMENT: Provide Sales With ‘Sales-Ready’ Leads
~40%
MARKETING FUNNELMARKETING FUNNEL SALES FUNNELSALES FUNNEL
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$
Building the Dream Funnel
45% Respondents Buy in 12 Months*
* Marketing Mgmt Journal, 1994 v3
~40%
Qualified
~30%
Usable
~75%
Opportunity
~50%
Response
~45%
NURTURE POOL
OPTIMIZE INTERACTIONS: Increase Lead Quantity & Quality
NURTURE POOL: Systematically Recycle Leads that aren’t Ready
FUNNEL ALIGNMENT: Provide Sales With ‘Sales-Ready’ Leads
~40%
Lead
~50%
MARKETING FUNNELMARKETING FUNNEL SALES FUNNELSALES FUNNEL
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The Oracle Solution
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DealSupport
LeadAcceptance
LeadNurturing
LeadQualification
LeadGeneration
ClosedBusiness
500Inquiries
10Qualified
Leads
3Opportunities 1
Closed
100Prospects
Maximize the generation and conversion of qualified, sales ready leads through a complete and integrated suite of Oracle CRM applications
Marketing Owned
6Accepted Leads
Sales OwnedMarketing Influenced
Value Proposition
MARKETING ON DEMAND
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Benefits to Oracle Customers
• Fully integrated, enterprise grade SaaS sales and marketing solution available from a single vendor• Oracle owns the integration problem, not you• One less vendor to deal with commercially (sales, service,
procurement, etc.)
• Stronger overall solution for integrated sales and marketing • Better marketing and sales alignment• Closed-loop insight of performance across the revenue funnel • More relevant, timely communications to prospects and customers• Higher quality sales-ready leads and better informed sales reps• More nurturing of opportunities at all stages of the funnel• More complete view of the customer
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Marketing Automation Process
Self Re-ported
Enriched
Behavioral
Prospect Insight Database
6. Move hot prospect to sales funnel with alert for sales rep
3. Drive to website
& to targeted, personalized
landing pages
4. SegmentBy Biz Rules
To…
5. Move hot prospect
to sales funnel
7. OR move to
adaptivelead nurturing
program
8. Measure marketing
ROI
1. Build targeted lists for precision
marketing
2. Execute multi-channel campaigns
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What’s Different ?
• Comprehensive profile combining self-reported, behavioral and enriched data
• Adaptive campaigns enable one-to-one marketing across all available programs
Person-centric design vs.
Campaign-centric
Better Quality Profiles
Comprehensive Response
Management
Closed-loop Analytics
• Built-in multi-dimensional warehouse and self-service analytics
• Unique Progressive Profiling framework enables more comprehensive view of prospects and customers
• Better quality leads using built-in data quality, data validation, and data enrichment features
• Keep the contact database cleaner with automated validation and suppression rules
• Unified rules system applies policies globally across processes