Ever since marketing
technology has been created, it has been a protocol pattern that when a
challenge emerges, software providers rush to deliver a solution. Then, with
time, that solution becomes part of a more powerful, integrated experience.
Take the web browser, as an example. It was once a standalone
solution and has now been absorbed into the modern operating system, which incorporates
a wide range of other tools that were also previously sold as standalone
products.
As we look to the next evolution in technology, there is a
clear case to be made that customer relationship management, or CRM
systems, will logically converge with the ecommerce platform. As it seems
inherently obvious that a company would want to have a single system of record
for customer information and interactions as well as the customer’s commerce
transactions.
In B2C ecommerce, the next generation convergence of CRM and
the ecommerce platform
introduces a wealth of new possibilities to monitor and measure everything that
happens online and capture every interaction with a customer or prospect, and both
automatically and on a massive scale. Main reason would be combining
interaction and order data in a single repository will enable the ability to
drive dynamic and personalized merchandising and offers online.
Despite the undeniable value of capturing and analyzing as
much customer information as possible, the traditionally separate worlds of ecommerce
and CRM have made integration economically unviable. Even
most companies, according to official research, agree that recording all
customer actions on an ecommerce site is useful, yet few are willing to make the
investment to replicate that data into a separate CRM system. The only way to
achieve this goal is to build CRM and ecommerce directly on the same platform,
creating a single data source.
Another factor that is driving towards integrated CRM and
ecommerce is increasing awareness that the traditional linear transaction
funnel is obsolete. In today’s digital, mobile and social
world, customer interactions with a brand leading up to a sale are far too
frequent, haphazard and variable to fit that old school, linear model.