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ERP data is key to customer experience

January 16, 2024

ERP data is key to customer experience

Customer experience (CX) is a key differentiator for businesses today. Customers expect personalized, consistent, and seamless interactions across multiple channels and touchpoints. To deliver on these expectations, businesses need to leverage data from their enterprise resource planning (ERP) systems, which contain valuable information about customers' transactions, preferences, and behaviors.

ERP data can help businesses improve CX in several ways, such as:

  • Segmenting customers based on their needs and preferences. ERP data can help businesses identify customer segments based on various criteria, such as purchase history, loyalty status, profitability, or satisfaction. By segmenting customers, businesses can tailor their marketing campaigns, offers, and services to each segment and increase customer retention and loyalty.
  • Optimizing pricing and promotions. ERP data can help businesses optimize their pricing and promotions strategies based on customer demand, inventory levels, costs, and margins. By using ERP data to analyze the impact of pricing and promotions on sales and profitability, businesses can offer the right price and the right promotion to the right customer at the right time.
  • Enhancing product development and innovation. ERP data can help businesses understand customer needs and preferences, as well as market trends and opportunities. By using ERP data to collect feedback, analyze usage patterns, and monitor performance, businesses can design and develop products and services that meet or exceed customer expectations.
  • Improving service delivery and support. ERP data can help businesses provide faster, more efficient, and more personalized service and support to their customers. By using ERP data to track service requests, resolve issues, and follow up with customers, businesses can increase customer satisfaction and loyalty.

Oracle Fusion Applications and Oracle Fusion Analytics are powerful tools that enable businesses to leverage their ERP data to enhance CX. Oracle Fusion Applications are a suite of cloud-based applications that integrate seamlessly with Oracle ERP systems and provide a comprehensive view of customers across the entire business. Oracle Fusion Analytics are a set of pre-built analytics solutions that provide insights and recommendations based on ERP data and best practices.

With Oracle Fusion Applications and Oracle Fusion Analytics, businesses can:

  • Access real-time customer insights from a single source of truth. Oracle Fusion Applications and Oracle Fusion Analytics provide a unified view of customer data across all channels and touchpoints, including web, mobile, social, email, chat, voice, video, and in-person. Businesses can access real-time customer insights from any device, anywhere, anytime.
  • Leverage artificial intelligence (AI) and machine learning (ML) to deliver personalized CX. Oracle Fusion Applications and Oracle Fusion Analytics use AI and ML to analyze customer data and provide personalized recommendations, predictions, and actions. Businesses can use AI and ML to segment customers, optimize pricing and promotions, enhance product development and innovation, and improve service delivery and support.
  • Empower employees to deliver exceptional CX. Oracle Fusion Applications and Oracle Fusion Analytics empower employees with the tools and information they need to deliver exceptional CX. Employees can access customer data from any device, collaborate with colleagues across the business, and take action based on insights and recommendations.

ERP data is key to CX. By using Oracle Fusion Applications and Oracle Fusion Analytics, businesses can leverage their ERP data to deliver personalized, consistent, and seamless CX across multiple channels and touchpoints.