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Dec 08, 2022 Andy Tsalkos

The Definition of Customer Experience Management

CX management bCustomer experience management (CEM or CXM) is the practice of understanding customer interactions across all channels, then leveraging this knowledge to create a holistic, personalized customer experience.

CXM strives to understand customers’ expectations and behavior through data, feedback and analytics in order to create more innovative and effective customer engagement strategies. In this blog, we take a look at the definition of customer experience management and why it’s critical for the success of your customer’s customer service department. 

CXM is not the same as CRM

While CRM (customer relationship management) and CXM may seem the same, there are some key differences. One major difference is that CXM is how the customer sees the company. CRM is about what the customer looks like to the company.

Companies can use CRM and CXM together. For example, companies can use CRM to gain insights into current customers and then use CXM to better the customer experience to improve retention and identify new customers.

Why Is CXM Important?

CXM is important because it helps companies create and maintain a more effective relationship with their customers. CXM also helps companies to:

✔️ Identify customer needs and preferences: Using customer data and feedback, companies can better understand customer needs and preferences, which allows them to tailor their products and services to meet customers’ expectations and provide improved programs.

✔️ Improve customer service: CXM helps companies provide more efficient and personalized customer service. This in turn helps improve customer retention and satisfaction.

✔️ Create a competitive advantage: By understanding customer needs and providing a more personalized customer experience, companies can gain an advantage over their competitors.

✔️ Improve customer loyalty: CXM helps companies build better relationships with customers, which leads to increased customer loyalty.

✔️ Increase sales: With CXM, companies can better understand customer behavior and build better relationships with customers, which leads to increased sales.

Ultimately, customer experience management helps companies create a more seamless and enjoyable customer journey, leading to higher customer satisfaction, loyalty, and retention.

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How to create a good customer experience

Creating a good customer experience requires a comprehensive strategy. Some easy ways to create a good experience include: 

#1 - Listen to your customers

The best way to create a good customer experience is to listen to what your customers are saying. Whether you are asking for feedback or reading reviews, try to be attentive and open to feedback from your customers.

#2 - Use your data

Companies should constantly gather customer feedback and analyze customer data. This will help them gain a better understanding of customer needs, preferences, and behaviors.

#3 - Create an engaging customer journey

Once companies know their customers better, they should focus on creating an engaging customer journey. This involves providing personalized experiences, delivering excellent customer service, creating engaging content and communications, and utilizing new technologies when appropriate.

#4 - Treat customers with respect

No matter how busy you are, it’s important to treat customers with respect whether through in-person interactions or online communication. Use polite language and focus on providing assistance to help customers with their needs and problems.

#5 - Provide quality service

Your customers are counting on you to provide quality services and products. Make sure to check and double-check orders, provide accurate information, and do your best to ensure that customers are satisfied with their purchases.

#6 - Keep your promises

If you make a promise to your customers, make sure you keep it. Whether it’s a certain delivery time frame or a special discount, you want to make sure that your customers can trust your word.

#7 - Be responsive

Make sure to respond to customer inquiries in a timely manner. If customers feel that you are ignoring their requests, it can quickly create a negative customer experience.

#8 - Offer support

Make sure that your customers have access to help and support. Whether it’s through a dedicated customer service team or a help center on your website, make sure that customers can reach out to you if they have questions or concerns.

#9 - Monitor your customer experience

Companies should regularly measure and analyze the customer experience to ensure they are providing the best experience possible. They should also track customer service levels and satisfaction over time to identify areas for improvement.

By combining the right data with a thoughtful customer experience strategy, companies can create a successful CXM program that will help them retain customers, increase sales, and stay ahead of the competition.

Interested in learning how you can implement a world-class customer experience strategy into your customer service strategy? Get in touch with Advantage Communications today. Our team of specialists would love to help.

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Published by Andy Tsalkos December 8, 2022
Andy Tsalkos