Why Do So Many Companies Use Salesforce? Explaining the ROI of CRM | Salesforce Explained
Salesforce
8 min, 50 sec
Brian Tong introduces the benefits of using Salesforce for maximizing ROI and improving business processes across different departments.
Summary
- Brian Tong discusses how Salesforce can positively impact a company's bottom line by maximizing ROI and time to value.
- He explains the pitfalls of using disconnected systems and the benefits of an integrated CRM like Salesforce Customer 360.
- The episode covers how Customer 360 can enhance marketing, sales, customer service, and IT efficiency.
- Brian emphasizes the importance of real-time data, automation, intelligence, and a unified customer view to drive business success.
- He also provides resources for getting started with Salesforce and encourages viewers to subscribe for future episodes.
Chapter 1
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Brian Tong introduces the Salesforce Explained series, focusing on simplifying Salesforce and technology concepts.
- Brian Tong is a guide to all things Salesforce, aiming to explain concepts without jargon or buzzwords.
- He invites viewers to subscribe to the Salesforce Channel and turn on notifications to stay updated.
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Chapter 2
Chapter 3
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Brian advises viewers to understand CRM by recommending his previous episode on 'What is Salesforce' before diving into ROI.
- If viewers are unfamiliar with CRM, Brian directs them to watch the first episode of the series.
- He hints at the quality of the series by mentioning the host's ability to explain concepts clearly.
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Chapter 4
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Brian identifies common inefficiencies in businesses that do not use integrated CRM systems.
- He discusses how reliance on inboxes and spreadsheets can lead to missed opportunities and siloed information.
- Brian points out that disconnected tools for marketing, sales, and service teams can cause inefficiencies and stalled growth.
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Chapter 5
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Brian explains the negative impact of using fragmented systems and the benefits of a unified approach.
- Fragmented systems can lead to high costs, team silos, and stalled growth.
- Brian discusses how connected systems can reduce complexity and costs, highlighting a potential 20% reduction in annual spend.
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Chapter 6
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Brian discusses the importance of investing in technology to achieve growth, even during economic downturns.
- He talks about how companies that invested in technology during the pandemic grew five times faster than those who didn't.
- Brian emphasizes the need for smart investments in tools with high ROI and quick time to value.
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Chapter 7
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Brian provides a simple formula for calculating ROI and stresses the importance of measuring the ROI of a CRM investment.
- Brian shares a basic ROI formula involving net income and the initial cost of investment.
- He reiterates that increasing net income can also improve ROI, not just reducing costs.
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Chapter 8
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Brian dives into the value Salesforce Customer 360 provides by breaking down silos and connecting data on one platform.
- Customer 360 allows sharing of customer data within a unified view, boosting productivity and collaboration.
- Brian highlights the features of automation, intelligence, and real-time data as key benefits of Customer 360.
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Chapter 9
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Brian explains how Salesforce enhances different business functions, leading to increased productivity and sales.
- Salesforce automation improves marketing campaigns and sales processes, resulting in higher conversion rates and renewals.
- Brian describes how Salesforce contributes to a 27% faster automation of business processes and a 29% increase in sales productivity.
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Chapter 10
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Brian discusses how Salesforce Customer 360 enhances the customer experience across all touchpoints.
- He talks about the single customer view for support teams and the efficiency of omnichannel service requests.
- Brian mentions the measurable impacts of Salesforce on customer satisfaction and retention.
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Chapter 11
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Brian outlines how Salesforce Customer 360 helps reduce costs and complexity by unifying applications on one platform.
- He explains that Salesforce apps increase productivity and generate more revenue, which are crucial for ROI.
- Brian provides statistics that show a significant increase in customer satisfaction and retention due to Salesforce 360.
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Chapter 12
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Brian guides viewers on how to start with Salesforce and provides resources for hands-on learning.
- He encourages viewers to try a free trial of Salesforce to experience the suite for sales, service, and marketing.
- Brian directs viewers to Trailhead for hands-on learning and reminds them to subscribe for future Salesforce Explained episodes.
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