article thumbnail

CRM vs CEM: Where should you put the money?

CloudCherry

Customer Experience Management (CEM). In fact, many businesses still confuse the two, often questioning the importance of CEM when they already use CRM software to capture and analyze customer info. Moreover, CRM as technology can help businesses engage with customers from every aspect of the customer lifecycle. What is CEM?

CEM 281
article thumbnail

Connecting Customer Experience Goals to Financial Metrics to Prove ROI

CloudCherry

As businesses strive for that competitive edge, they turn to customer experience management or CEM to better understand the customer’s perspective and improve based on these insights. Here’s Why Measuring the Financial Returns of CEM Is a Necessity. How to Measure a CEM Program’s Financial Returns. Potentially.

ROI 256
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Takeaways from CEM Asia 2018: Quantifying the Impact of CX

CloudCherry

On September 27th, I had the great pleasure of moderating a panel at CEM Asia attempting to answer the question: How do business leaders quantify the ROI of CX? Looking across all these journeys, you need to understand what the cost of keeping your customers engaged. Watch the full Panel Discussion. ?.

CEM 170
article thumbnail

Connecting Customer Experience Goals to Financial Metrics to Prove ROI

CloudCherry

As businesses strive for that competitive edge, they turn to customer experience management or CEM to better understand the customer’s perspective and improve based on these insights. Here’s Why Measuring the Financial Returns of CEM Is a Necessity. How to Measure a CEM Program’s Financial Returns. Potentially.

ROI 225
article thumbnail

Takeaways from CEM Asia 2018: Quantifying the Impact of CX

CloudCherry

On September 27th, I had the great pleasure of moderating a panel at CEM Asia attempting to answer the question: How do business leaders quantify the ROI of CX? Looking across all these journeys, you need to understand what the cost of keeping your customers engaged. Watch the full Panel Discussion. ?.

CEM 150
article thumbnail

A to Z Guide to Customer Experience Definitions and Terms (Updated)

Lumoa

Customer Engagement Customer engagement is a term used to refer to customer interactions with a company, product, or service. In the context of customer experience, customer engagement is an essential element in creating strong customer relationships and customer loyalty.

article thumbnail

Why Customer Success is not Customer Experience

CloudCherry

In today’s B2B world, customer experience management (CEM) often falls to the customer success team. Philosophically, CX and CS have the same general goal, which is to strengthen customer engagement, retention and brand advocacy. Improving employee engagement has a positive effect on multiple customer journey touchpoints.