Today, retail bank and credit union customers spend less time in the branch than ever before. The lack of personal face to face interactions with the assigned account officer does make it difficult for bankers to guage the true satisfaction level of clients and to position themselves effectively to offer other appropriate financial solutions. Some may argue that the relationship banker should be doing a better job of leveraging his Microsoft Dynamics CRM platform to plan his day more effectively, be more proactive in reaching clients, and scheduling account reviews. However, the fact of the matter is that clients sometimes choose to focus on their finances after traditional business hours. They value the convenience and personal freedom of being able to utilize a Bank’s call center or to conduct their banking online from their home or over their mobile device. Moreover, they cherish having the ability to use any of the closest branches, ATMs, or drive-thrus whenever and wherever it makes sense if they are running errands or traveling the country. Some, of course, still routinely come into their neighborhood branch. However, for those who typically do not interact with branch banking staff, how are you supposed to know when they may not be entirely happy with the overall state of their banking relationship?
A banker without CRM will typically have no insight into negative customer service experiences that their top clients may encounter. Nevertheless, bankers with CRM still may not always be informed of all things going on with a customer’s account if the unfortunate interaction does not directly involve him. The reason being, the banker may not have checked out the account profile in CRM to see what has been going on recently with the particular threatened or unhappy account. To overcome these challenges, retail banks can utilize
Besides call center personnel, other employees, such as tellers and CSRs, can also enter certain client interaction events or behaviors in CRM that trigger the workflow automation of the escalation process. Other potential scenarios for workflow emails to generate can involve identity theft, fraud, lost or stolen checks, credit cards, and debit cards. These are frightening experiences for any client to go through and they would welcome a friendly follow-up from their account officer to reconnect and restore trust in the relationship. Lastly, workflows can additionally be crafted to expedite the communication of leads needing follow-up as well, such as a customer who inquires about mortgage rates at the end of a teller transaction or call center conversation.
Customer Effective has tailored the Microsoft Dynamics CRM platform for leading banking institutions and positioned them to differentiate their client experience, improve client and colleague communication and collaboration, and increase client retention and overall cross-sell success. To learn more about how CRM can grow your revenues and give you more comprehensive insights into your client base than ever before, please visit
Post by: Kevin Wessels, Customer Effective