2006
DOI: 10.1108/17410390610708481
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CRM collaboration in financial services networks: a multi‐case analysis

Abstract: Purpose-The aim of this paper is to identify key issues and successful patterns of collaborative customer relationship management (CRM) in financial services networks. Design/methodology/approach-The study takes the form of a multi-case analysis. Findings-The paper finds that key issues of CRM in financial services networks are redundant competencies of partnering companies, privacy constraints, CRM process integration, customer information exchange, and CRM systems integration. To address these issues, partne… Show more

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Cited by 20 publications
(9 citation statements)
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References 27 publications
(25 reference statements)
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“…Khodakarami and Chan [47] elaborated the types of CRM systems by drawing on [48][49][50][51][52][53] research. These systems have mainly been fallen into three classes including operational CRM systems, which utilizes for automating the CRM processes and improving their efficiency and productivity; analytical CRM systems, which utilizes for analyzing the customer data and knowledge; and collaborative CRM systems, which utilizes for managing and integrating the channels of communication and customer touchpoints.…”
Section: Theoretical Frameworkmentioning
confidence: 99%
“…Khodakarami and Chan [47] elaborated the types of CRM systems by drawing on [48][49][50][51][52][53] research. These systems have mainly been fallen into three classes including operational CRM systems, which utilizes for automating the CRM processes and improving their efficiency and productivity; analytical CRM systems, which utilizes for analyzing the customer data and knowledge; and collaborative CRM systems, which utilizes for managing and integrating the channels of communication and customer touchpoints.…”
Section: Theoretical Frameworkmentioning
confidence: 99%
“…Some research indicates that banks should focus on improving shareholder ' s perception, 50 enhancing customers ' perception regarding banking service attributes, 24,51,52 and developing customer trust and confi dence. 53 Roig et al 54 state that while it is apparent to organizations ' to compose an offer of value to the customer, it does not seem to be clear what the value perceived by the customer is ' .…”
Section: Literature Reviewmentioning
confidence: 97%
“…Closer to our subject matter, the integration of an eCRM into other company processes and information systems-including but not limited to enterprise resource planning (ERP), supply chain management (SCM), and product life-cycle management (PLM) systems-is a crucial part of the development of a CRM strategy (Corso et al 2003;Laurindo and De Carvalho 2005;Meyer and Kolbe 2005;Nguyen et al 2007). Indeed, to reap the full benefits of an eCRM, the other transactional systems of the firm (e.g., manufacturing, ERP and accounting systems) must be integrated with each other and with the eCRM so the transactional data can be used in the operational, analytical and/or collaborative eCRM (Geib et al 2006). Within a demand-driven network, the integration between eCRM, collaborative product development and collaborative supply chain management systems is also inescapable if the firm is to adapt and respond to the changing market as quickly as possible (Morash and Clinton 1998;Wu et al 2004).…”
Section: Moderating Role Of Internal Integration Of the Ecrmmentioning
confidence: 98%