5 Reasons Why Financial Service Companies Need Salesforce Consulting

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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.

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: 

1) 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.

2) 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!

3) 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. 

4) 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!

5) 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!

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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