Implementing Preference Management: Centralizing Data

Type: Videos
Topic: Preference Mgmt

Summary

At the heart of effective preference management is the need for a central repository that connects all departments, units, and relevant applications within an organization. If information isn’t readily accessible across the enterprise, customers may feel frustrated and overlooked due to repeated issues, contradictions, and a perceived lack of attention to their preferences and needs. The necessity for a centralized system underscores the importance of a neutral preference management solution that is compatible with various systems like CRMs, ESPs, and contact center management platforms. Systems not designed to work seamlessly with these platforms are likely to fail.

Centralization of customer and prospect data is also critical for compliance and risk mitigation. It reduces risks and strengthens safe harbor positions by enabling the monitoring of compliance activities and maintaining comprehensive audit records of preference histories. Furthermore, centralization allows for quicker responses to customer inquiries and complaints, enhances vendor accountability through monitored processes and alerts, and facilitates organizational governance.

The importance of centralization became evident when a leading satellite radio service provider embarked on a preference management project. The IT department found that preferences were being inconsistently captured and stored across various disconnected systems, including the website, contact center, marketing services, and even Excel spreadsheets. Alarmed by the risks of holding so much dispersed data, the enterprise initiated an intensive assessment process to determine which data was valid and actionable, which was obsolete, and which was irretrievable.

About PossibleNOW

PossibleNOW is the pioneer and leader in customer consent, preference, and regulatory compliance solutions. We leverage our MyPreferences technology, processes, and services to enable relevant, trusted, and compliant customer interactions. Our platform empowers the collection, centralization, and distribution of customer communication consent and preferences across the
enterprise. DNCSolution addresses Do Not Contact regulations such as TCPA, CAN-SPAM and CASL, allowing companies to adhere to DNC requirements, backed by our 100% compliance guarantee.

PossibleNOW’s strategic consultants take a holistic approach, leveraging years of experience when creating strategic roadmaps, planning technology deployments, and designing customer interfaces. PossibleNOW is purpose-built to help large, complex organizations improve customer experiences and loyalty while mitigating compliance risk.