Engage Case Study Final

100 %
0 %
Information about Engage Case Study Final

Published on February 24, 2009

Author: CequitySolutions

Source: slideshare.net

ENGAGE MUTUAL ASSURANCE USES SMARTFOCUS TO INCREASE RESPONSE RATES BY 20% engage Mutual Assurance is one of the top 50 largest direct marketers in Britain. The company provides protection and savings products both directly and through partners including Asda, Yorkshire Building Society and Park Row Associates Limited. Customer Synopsis engage Mutual Assurance Cequity's end-to-end suite of integrated services includes customer management When engage Mutual acquired a prospect pool of 19.4 million people, it needed a way to consulting, marketing database & Industry sector analyze and manage the data in order to maximize its potential. smartFOCUS’s information management solutions, Financial Services smartANALYZER provides this, and has cut the time taken to prepare mailing lists from five analytics, metrics & dashboards and days to just one day, and with a better understanding of customers and prospects, response campaign measurement support. Our rates have been increased by 20%.Challenges and Solutions state-of-the-art technology solution, Solution Cequity ACE is powered by smartFOCUS Intelligent Marketing and is a hosted customer marketing The challenge system that can be quickly implemented Solution components without major hardware or software investments. This helps us deliver rich yet engage is one of the UK market leaders in ‘Whole of Life’ insurance policies and sells these valuable, information-driven, customer directly and through its affiliate partners. The policy is available to people aged between 50 experience Quality/Management Data opportunities for you. and 80 without a medical and pays out on death. The company sends mailings to prospects just before their next birthday, explaining the greater value a savings plan bought today Single Customer View “From our experience, the Intelligent Analytical will return in comparison to one purchased after their birthday. Marketing from smartFOCUS makes it possible Analysis & Visualization to instantly analyze, segment, identify and When engage Mutual acquired a prospect pool of 19.4 million people, it needed a way to analyze communicate with large volumes of customers the data and extract targeted mailing lists. It also needed a solution that was capable of Predictive Modeling and contacts on an individual basis. Intelligent managing all of its data in one place, including the prospect pool, the existing customer database, Marketing improves customer communications - and other data sources such as MOSAIC for demographic profiling. Campaign Management throughout the entire lifetime of a company- customer relationship and makes performance Email Marketing driven multi-channel marketing a reality. The solution smartFOCUS is faster and more efficient than we Online Execution thought it would be!” engage Mutual uses smartANALYZER to analyze all its data and extract mailing files from the Marketing Performance Management prospect pool. “Because it’s intuitive and we can make changes on the fly, it enables true train of thought analysis,” said Rob Frost, Customer Insight Manager at engage Mutual Assurance. “Our Managed Service CEO - Cequity Solutions prospect pool is based only on people aged 50-80, we can then compare against suppression and exclusion lists, narrow the selection to mainland UK, exclude those who have Consultancy Services a policy already, and focus on those who responded to our last communication. If we go too far, we can take a step back again. We can also make sure that we are following, monitoring Reporting and constantly revising our contact strategy. It used to take us 10 days to get a mailing to the printers. Using smartANALYZER, we’ve cut five days of preparatory work down to just one day.” smartFOCUS provided consultancy services to support engage Mutual in building and deploying its initial prospect targeting models. Using smartMODELER, engage Mutual identifies prospects that most closely match the profiles of existing customers. “Using SAS, it would take us one and a half to two weeks to build a model. Now smartMODELER does the hard work for us and builds a model in a tenth of the time. We can then spend more time with the results and test different permutations. This helps us gain a real detailed insight and this is going a long way in helping us improve our acquisition and retention rates.” smartANALYZER is also providing greater insight into the data than engage Mutual has had before. “Seven million names in the prospect pool have a date of birth,” said Frost. “We can now use smartANALYZER as a planning tool, so that we know we will have 650,000 birthdays in May, for example. We can also quickly investigate variables and judge their data quality. So, for example, the internal marital status field is mostly empty, and the data that is populated is against people we no longer contact. We now know not only not to use this field in selections but we have also informed IT so that they can remove the field from our overnight extracts saving a few precious minutes in refresh time.” continued overleaf

Others in the marketing department have access to the latest data through smartREPORTER (smartANALYZER’s integration with Excel). “Users can process the data using Excel without needing to ask for help from analysts,” said Frost. “This allows non-technical people to run basic profiles and analysis when they want it. This frees up analytical time and is a real win-win situation.” The smartANALYZER Database is updated every night and report generation can also be automated. For the above campaign this gave marketing managers and executives the opportunity to have a bespoke refreshed report on their desktop first thing in the morning.” smartANALYZER and smartMODELER were implemented in 20 days. “The software is easy to install and administer,” says Frost. “There’s no need for a database administrator and little need for us to bother IT.” The bottom line “smartANALYZER has enabled us to be faster and more reactive,” said Frost. “We’re saving about one day a week over all that we would have spent working on data, and which we can now spend on analysis and strategic initiatives. Until we started using smartANALYZER, we couldn’t calculate easily or quickly the average length of a relationship, how many times we were mailing each person, or whether we could make savings from only mailing each household “The software is easy to once. By understanding our customers better and improving our targeting, we’ve been able to install and administer,” says Frost. increase our response rates by 20% in our own-brand direct mailings. When we work with partners like Asda, we can tell them with confidence what kind of response they should expect, so “There’s no need for a database that they can decide whether to proceed. With our Asda branded mailings we’ve been able to bring in a significant amount of new business. It’s been so successful that they have turned what administrator was going to be a one-off into a regular mailing and it now forms a key part of our sales plans going forward.” andtle need for us to bother IT.” About engage Mutual Assurance engage Mutual Assurance is the sixth largest Friendly Society in the UK. It is a young, modern and progressive 25-year-old organization, based in Harrogate, North Yorkshire. The business Reach us at: employs 180 people, has 340,000 customers and has £647.4 million of total assets. engage Mutual’s mission is to enable people to protect their welfare by providing customers with 105-106, 1st Floor, Anand Estate, simple, accessible, value for money protection and savings products. 189-A, Sane Guruji Marg, Mahalaxmi, Mumbai-400 011, India Phone: +91 22-43453800 About smartFOCUS Fax: +91 22-43453840 smartFOCUS provides software and services that enables companies to manage and coordinate For more case studies, white marketing across multiple channels, including email, telemarketing, direct mail and display papers and presentations log on to: advertising. The company provides a complete portfolio of data integration, analysis, modeling, campaign planning and management, with integrated budgeting and finance solutions. www.cequitysolutions.com The result is ‘Intelligent Marketing’, driven by a single view of the customer’s activities across all channels. Marketers can target their communications more accurately, cutting wastage, Or Write to: increasing conversion rates and achieving a better understanding of the customer base. info@cequitysolutions.com Users of smartFOCUS’s enterprise marketing management software include AAA, ABN AMRO, Carrefour, EMI, Fig Leaves, Harrods, Hilton International and News International, NSPCC, For the latest thinking in Analyical and T-Mobile. Marketing, check out our blog at: blog.cequitysolutions.com smartFOCUS is headquartered in Bristol, UK, with offices in the US and continental Europe. Contact Details International Offices Headquarters Paris Office One Redcliff Street Tour Ventôse BRISTOL Note: This is an2‘original paper’ by smartFOCUS. Cequity ACE is powered by rue des Bourets smartFOCUS and Cequity uses this distinguished technology to empower its end-to-end suite of analytical marketing and customer relationship management solutions. Powered by

Add a comment

Related pages

Case Study: RetailNext - engage-esm.com

Case Study: RetailNext Business Overview: RetailNext is the market leader in applied Big Data analytics for brick-and-mortar retailers. More than 160
Read more

Case Study: East of England Co-operative - UK Engage

YOU CAN ENGAGE WITH US AT ARE YOU ENGAGING? UK-ENGAGE.ORG Case Study: East of England Co-operative Turnout for eligible votes was an impressive 41% which
Read more

Case Study: Transport for London - UK Engage

Case Study: Transport for London UK Engage delivered the new ballot pack with speed and ... election count for the TfL producing the final results report.
Read more


the case for Catalan independence . As a study of Chatham House Online Archive shows, this is a case which has been argued for many years. By examining
Read more

ENGAGE Onboarding Program - ThinkingKap

Case Study Archive: ENGAGE Onboarding Program ... engage the new hire in sales preparation activities, ... After the final
Read more

Coupon Promotions that Engage Healthy Shoppers Natural ...

Coupon Promotions that Engage Healthy Shoppers – Natural Channel Case Studies & Best Practices Presented by CEO/Founder Matthew Saline Karen Herther, Sr ...
Read more

Spelthorne Borough Council Engage Mobile App

Spelthorne Borough Council Engage Mobile App Summary: As part of ‘Enhancing the Customer Experience’ programme, Spelthorne identified the need to
Read more

HHD | The Engage Wiki

Introduction to HHD; ... Approaching case studies; Unit 3 Area of Study 1: ... The Engage Wiki is a free resource provided by the Engage Education Foundation.
Read more