Since the company was founded in 1999, Salesforce has become one of the world’s biggest B2B companies. Boasting a roster of high-profile clients like BestBuy and Adidas, it’s clear that any business can benefit from using the tool.
Discover Why Financial Service Companies Need Salesforce Consulting
Salesforce is a powerful CRM tool that can be highly beneficial for financial service companies. However, to get the most out of Salesforce, it’s crucial to partner with a Salesforce consultant who understands your company’s unique needs and can help you maximize the tool’s potential. Here are five reasons why financial service companies need Salesforce consulting:
Customize Salesforce to Match Your Specific Needs
Salesforce is an excellent tool for improving your customer relationships and ensuring that your sales process runs smoothly. Unfortunately, that doesn’t mean you can just start using Salesforce without any direction or customization and expect the tool to do wonders for your brand.
Tailoring Salesforce to your company lets you create things like custom templates, specialized processes, and personalized applications that are tailored for the needs of both customers and employees.
For example, suppose a financial service provider wants their clients’ data organized in different ways than it currently is. They can customize certain features within Salesforce based on what makes sense according to how complex or simple each client situation might be – ensuring better customer experience while also streamlining internal workflows! Working with a consultant helps you get the direction and guidance you need to use Salesforce effectively for your business.
Ensure Data Accuracy and Completeness
Some of Salesforce’s most helpful features are its analysis and data insights capabilities. The platform lets you track and monitor many significant CRM metrics that give you a better understanding of your customers and your business.
Salesforce is an incredibly powerful CRM tool. But that also means using it can get complicated at times. Data entry is no exception. Unless you are a seasoned data analyst, it is easy to make an error when entering information. If your data is inaccurate or improperly placed, Salesforce won’t be able to process your statistics correctly and give you precise reports when you need them.
The data you enter into Salesforce is crucial for accurate reporting. Working with a professional consultant will ensure that all of the information in your company’s records can be properly processed by the tool’s algorithm, which means better metrics and less time wasted on meaningless tasks like paperwork compliance or struggling through old reports yourself!
Develop Efficient Workflows and Processes
Another one of Salesforce’s highly convenient features is the tool’s ability to manage and automate your business’ CRM processes. It lets you set parameters and criteria to execute remarkably precise automated workflows exactly when you need them without any manual input or maintenance. Over time, implementing the correct processes will save you significant time and money, not to mention freeing you from having to do all those tedious tasks yourself!
As with most of Salesforce’s tools, the complexity and customization potential of workflows can leave many business owners lost and confused. This often leads to automated processes failing, not working as they were designed to, and even automating the wrong workflows at the wrong time. All of these can have a severely negative impact on your business and cause you to spend hours trying to fix and maintain your automated processes.
Working with a Salesforce consultant will ensure that the workflows you create on the platform are accurate and function as intended. With properly designed and programmed processes, you can save hundreds of hours of work while still having peace of mind knowing that your workflows are running properly.
Gain Insights Into Customer Behavior
Every business owner wishes that they could read their customers’ minds. While there aren’t any tools on the market that can give you psychic abilities, Salesforce’s customer analytics software comes pretty close!
The tool’s industry-leading software lets you get exceptional sales and marketing analytics without the need for assistance from the IT department. From tracking where your leads are coming from to monitoring which ads are having the most success, Salesforce lets you track all of that.
A recent study by Harvard Business School professor, Michael Luca, found that companies who used Salesforce to track customer behavior saw a 5-10% increase in sales. The study also found that those companies who used Salesforce to track customer interactions were more likely to retain customers and receive word-of-mouth referrals. Using Salesforce is a valuable way to gain insights into customer behavior – provided you’ve set the tool up correctly.
Having an experienced Salesforce consultant on your team to walk you through the platform setup is invaluable. Not only will they help you guarantee that you’re tracking the correct customer analytics, but they might also open your eyes to additional opportunities on the platform that you might have overlooked otherwise!
Optimize Platform Performance and Productivity
The last (but certainly not least) reason to work with a Salesforce consultant is the opportunities you’ll have to optimize your platform. The Salesforce platform has over 1.5 million users. With so many businesses using the platform, optimizing Salesforce for your business is crucial to differentiate yourself from competitors.
While it’s possible to use Salesforce without optimizing it for your business, the result will likely be slow and inefficient. Supercharging your business performance with Salesforce requires making the platform your own. This is where a Salesforce consultant comes in. From making your workflows faster to eliminating unnecessary features, a Salesforce consultant will help you engineer the platform to be your ideal CRM tool!
How Navirum can help?
If you’re a financial services company looking for ways to improve your sales process and increase productivity, Salesforce consulting is the answer. Our team of experts will work with you to customize Salesforce to match your specific needs, ensure data accuracy and completeness, develop efficient workflows and processes, gain insights into customer behavior, and optimize platform performance and productivity – all with the goal of helping you boost your bottom line.
Get in touch with us today to learn more about how we can help you take your business to the next level!
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FAQ
A Salesforce consultant helps financial firms customize, implement, and optimize Salesforce to meet their unique operational needs. This includes setting up custom workflows, ensuring data integrity, integrating with existing systems, and training staff for long-term success.
Salesforce is a powerful tool, but it’s not pre-configured for your specific business model. Financial services firms need tailored setups for things like compliance, client segmentation, portfolio tracking, and KYC processes. A consultant ensures the platform works exactly how you need it to.
It depends on the size and complexity of your organization, but a basic customization may take 4–6 weeks, while more in-depth configurations, integrations, and automation can take 2–3 months or more. At Navirum, we start with a clear roadmap to ensure timelines are realistic and goals are met.
Yes. Salesforce complies with top-tier security and compliance standards including SOC 2, GDPR, and FINRA guidelines. With the right configuration, you can enforce role-based access controls, encryption, audit trails, and more. A consultant ensures your setup meets regulatory and internal security standards.
Absolutely. One of the key roles of a Salesforce consultant is to manage migrations from legacy CRMs. This includes data mapping, cleansing, and validation to ensure that no important data is lost or misconfigured in the process.
With proper implementation, Salesforce can increase efficiency, improve client retention, and drive more sales. A study by Nucleus Research found that Salesforce users see an average ROI of $8.71 for every $1 spent. A consultant helps you tap into that value much faster and more effectively.
A consultant will help you design, build, and test automation rules that handle tasks like onboarding, follow-ups, compliance checks, and reporting. This leads to significant time savings and reduces the risk of manual errors that can impact service quality.
Yes. Many firms use Salesforce at a basic level and miss out on features that could transform their operations. A consultant can audit your current setup, recommend improvements, and optimize the system for better performance and user adoption.
Your input is essential for success. Consultants will guide the process, but they’ll need collaboration from key stakeholders to understand your processes, goals, and compliance requirements. The more aligned the team is, the better the results.
Simply book a free consultation with our team. We’ll assess your current setup (or future goals if you’re starting from scratch), walk you through potential solutions, and provide a roadmap for a successful Salesforce rollout or optimization.
