sponsored by SAP America, Inc.
Posted:  27 Apr 2009
Published:  27 Apr 2009
Format:  PDF
Length:  7  Page(s)
Type:  White Paper
Language:  English
ABSTRACT:

Loyalty programs - which promote specific customer behaviors by providing benefits (such as rewards for miles flown) - can help enhance the customer experience. While companies often view such point-based programs as a fast way to enhance profitability by inducing customers to buy, they are finding that there is a much greater value provided by loyalty programs: the collection of information from program members. Companies can then use this data to develop a 360-degree view of customer interactions and determine how best to tailor process enhancements by segment - particularly for high-value customers.

 

By implementing loyalty programs that are integrated across sales, service, and marketing - across all channels of interaction - a firm can greatly enhance the customer experience, increase customer retention, and foster development of a community of people who serve as advocates for the business.






BROWSE RELATED RESOURCES
Best Practices | CRM | CRM Software | Customer Data Management | Customer Interaction Services | Customer Loyalty | Customer Satisfaction | Customer Service Best Practices | Metrics | ROI | SAP (Product)

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