April 25, 2001, 12:24 PM — At Bank of America Corp., the staff would rather brag that they're making their clients happy than claim they have one central customer relationship management (CRM) system.
Despite the complexity of implementing software from different CRM vendors, big companies, from Bank of America to United Parcel Service Inc. to Fingerhut Cos. to FedEx Corp., are hard-pressed to find one package to serve their needs. Thus, working with just one vendor in this evolving space is rare despite the hope that these applications will someday converge and create a holistic view of the customer.
"For a very large organization to end up with one single solution that solves everybody's problems and challenges is difficult to impossible to find," said Bill Bradway, an analyst at Newton, Mass.-based Meridien Research Inc.
Take for instance Bank of America, which plans to go live this week with a CRM implementation for its global derivative products branch using applications hosted by Synchrony Communications Inc. in Cincinnati. According to Michael Durbin, an e-commerce manager at the Charlotte, N.C.-based bank, the applications will link several previously separate channels, including phone, e-mail and Web chat, and deliver all the collected data via one computer screen for agents.
Bank of America has launched other CRM implementations. Last month, it announced that it was developing a set of applications for its consumer business using San Mateo, Calif.-based Siebel Systems Inc.'s e-business suite.
Custom Data Management
The bank has also partnered with Charlotte-based Youcentric Inc. to develop highly customized client data management software for 8,000 agents working in its global corporate and investment bank.
"Theoretically, it would be nice to have just one system, but it's not possible," Durbin said. "[Bank of America] expects that not all divisions will choose to work with identical vendors." Still, the bank would like to connect these systems, and one reason it chose Synchrony was because it could be easily integrated with other applications, he said.
Another firm with a varied set of CRM systems is Atlanta-based UPS. "We're dealing with call center applications, sales force automation [and] campaign management" packages such as Cupertino, Calif.-based Chordiant Software Inc.'s campaign management software and a Siebel application, said a UPS spokesman. Although UPS isn't planning "total consolidation," it is seeking to "provide information more seamlessly across customer touch points," he said.
Managing multiple applications is something you "definitely . . . have to watch closely," said Scott Struminger, vice president of corporate headquarters systems at Memphis-based FedEx, which has multiple CRM applications in place.