December 21, 2015
Happy Holidays from your friends at Ignite Sales!
Banks continue to need help and tools to transform their front-line organizations into proactive client engagement experts, especially in small business banking. That is why Ignite has teamed up with Clarity Advantage to help accelerate retail banks’ relationship management to small and medium-sized businesses.
November 3, 2015 Branch Banking
There are changes coming to retail banking. More and more, banking is moving to digital channels and the elephant in the room is the question about the future of branch banking.
Consumers and small businesses alike find mobile banking extremely convenient, they can check account balances and determine if checks have cleared. But when looking to open an account for almost anything other than checking or credit cards, such as a business loan or an IRA, detailed expertise is needed. Today, businesses mainly use mobile capabilities as a convenience factor after they have opened accounts and secured services from the bank in person. But from a bank’s point-of-view, mobile is not currently a revenue-generator but more of a tool for customer satisfaction.
There is quite a bit of talk in the industry about cleaning CRM data. In fact, there is an entire cottage industry that develops tools to help you clean up your database. Today, you may need these tools to clean your database but how do you prevent it from becoming “dirty” in the future?
There are typically three reasons why data is dirty in your CRM;
- Static data decay over time (only a very small amount)
- Inaccurate data enters CRM
- Duplicate data enters CRM
June 15, 2015 Sales Enablement
Retail banking is all about consultative selling. It is particularly important when selling business products. Consultative selling is about relationships, partnering and building long-term associations with prospective and existing customers.
May 12, 2015 Sales Analytics
Gartner recently released a report titled Strengthen Your Sales Analytics Initiative with These 6 Best Practices and it is being promoted by PROS. It is an excellent report and we recommend that you read it.
In the report, Best Practice No. 3: Focus on Sales Metrics That Make Your Sales Processes both Efficient and Effective is a critical element to retail banking’s continuing success. As retail banks begins to adopt a sales culture, establishing the right sales metrics will be a key consideration for success.
Many new non-banking competitors are coming from the tech or retail sectors and those companies understand the strategic importance of digital technologies and the culture that develops from using these technologies. They may not have banking experience but they can buy that experience. These innovative companies will hire the banking expertise from fledging banks.