technology based crm solution at icici bank

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    CASE STUDY ANALYSIS

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    WHAT IS CRM?

    CRM is a business strategy for improving

    profitability by focusing on customer needs and

    creating an attentive relationship with the

    customer. It involves a personalized and interactive approach

    for the entire customer lifecycle.

    Successful implementation of a CRM approach

    requires changes in organization structure, culture,

    and skills, as well as front- and back-office

    information systems.

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    ICICI BANK - OVERVIEW

    More than 13 million customers.

    550 branches

    A network of 2025 ATMs, multiple call centres, internet

    banking and mobile banking.

    Click and brick strategy.

    Its customers are increasingly turning to electronic

    banking options.

    Business from the Internet.

    ATMs and other electronic channels now comprises morethan 50 per cent of all transactions.

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    CRM AT ICICI

    Increased communication between the bankand its present and prospective customers.

    One-to-one marketing strategy

    Its philosophy focuses on each and everycustomers satisfaction.

    Co-ordination of multiple business functions &multiple channels of communication with thecustomers.

    Automated process flow tracking in theproduct sales process.

    Customized reports.

    Promotes cross-selling.

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    IMPLEMENTING CRM AT ICICI

    CRM

    Business

    Transformation

    Map

    Business

    focus

    Organizational

    structure

    Business

    metrics

    Marketing

    focus

    Technology

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    CRM BUSINESS CYCLE

    Interact with customersand prospectivecustomers

    Deliver increased valueto customers

    Acquire customersand prospectivecustomers

    Retain valuablecustomers

    Develop products,services channels tomeet customersneeds

    Customize bycustomer segment

    Understandcustomers needs

    Differentiate based oncustomers needs,characteristics andbehaviors UNDERSTAND

    AND

    DIFFERENTIATE

    DEVELOP

    AND

    CUSTOMISED

    INTERACT

    AND

    DELIVER

    ACQUIRE

    AND

    RETAIN

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    GAP ANALYSIS

    Marketing, sales and service practices

    Collection, capture, processing anddeployment of customer information

    Distribution and operations effectiveness

    at customer touch points

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    SELECTING AND IMPLEMENTING

    A TECHNOLOGY BASED SOLUTION

    The Make Or Buy Decision

    From Whom To Buy Decision

    Scanning The Market Space

    Short-listing Major Players

    Evaluation And Reference Calls

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    CRM SOLUTIONS BY ICICI

    The Teradata solution

    The Behaviour Explorer

    The customer life cycle tracking system

    Appointing a Relationship Officer

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    SUCCESS AND REWARDS

    ICICI Bank was awarded the Most CustomerResponsive Company at The Economic Times - AvayaGlobal Connect Customer Responsiveness Awards2007

    In the Insurance category, the winner was ICICIPrudential Life Insurance

    ICICI Bank (www.icicibank.com) has won the DMReview World Class Solution Award 2003 in the

    Business Intelligence category for its Teradataenterprise data warehouse solution.

    World solution provider in Data Warehousing

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    CRM GAME PLAN DURING THE2008 ECONOMIC SLOWDOWN

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    GROUP 6

    Aditi Aurora 03

    Anusha Thakur 09

    Bhumi Shah 16Natashaa Bandodkar 31

    Nayana Makhija 32

    Prajakta Shikarkhane 42

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