Improving sales performance by increasing customer value thanks to advanced customer analytics, while working agilely.
Success Story

Increased customer value with advanced analytics 

Insurance
Improving sales performance by shifting from product to customer-centric communication and also increasing customer value thanks to advanced customer analytics, while working agilely. 
Client: Multinational insurance company 
Project: Customer Value Management 

Challenges

Our client was challenged to orchestrate customer communication and set up project management that worked. In 2018, an in-house analytics project team was created in order to determine the lifetime value of each customer.

However, the generated analytical insights could not be successfully transferred into ongoing campaign management and did not cover customer relationships.

In 2019, the project restarted, with rpc as consultants, with a stronger focus on use cases and agile project management.

Approach in detail

1

Status quo analysis

We interviewed 20+ key stakeholders across the organization in order to gain an understanding of organizational processes, IT infrastructure and databases. We identified 30 measures and 4 key levers to successfully restart the project

2

Customer insights and analytics 

We supported the implementation of an analytical approach to evaluate and steer customers. We initially revised the existing CLV logic and introduced an extension to a three-dimensional customer value cube (value, potential and relationship). The existing next best offer logic was challenged together with the project team.

3

Agile project management setup

We introduced an agile organizational setup, which aimed at quick wins by transforming project goals into feasible use cases.

Bildschirmfoto 2020-05-25 um 16.30.40

Fig. 1:

The rpc Customer Value Cube enables a company to gain a comprehensive and precise evaluation of its customers.

Created impact

Data-driven customer steering lays the foundation for companies to improve customer understanding and communication long term.

definiton

of top use cases for execution

implementation

of the customer value cube

set up

of agile project management

Whitepaper: What is the value of customer relations?
 

Customer acquisition and customer relationship management often cost companies more than they earn them. How can companies make the best possible decision as to which customers are truly worth higher expenditure? Data-driven customer value analysis from rpc delivers the answers. It shows the current and future value of a customer relationship. This allows decisions on customer retention and acquisition to be made in a way that maximizes value.

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We’re ready to kick-start your
customer-centric transformation

Jasmine Perera
Jasmine Perera
Head of Sales and Operations
info@rpc-partners.com