Announces global launch of ‘CXe’, Sonata’s enhanced integrated CX management solutions designed for new normal
Sonata Software, a global IT services and technology solutions company, today announced its plans to tap the Customer Experience(CX) market to fuel growth with the launch of ‘Cxe’, its unique enhanced integrated CX management solutions developed using the ‘Platformation’ approach, Sonata’s highly acclaimed framework for digital transformation.
‘CXe’ is a compelling offering from Sonata designed for clients across the globe looking for holistic end-to-end CX solutions in the post-pandemic new normal.
The global impact of the pandemic has been unprecedented, with the CX market witnessing a major upturn across all regions. According to a study by Fortune Business Insights, the market is projected to grow from $9.26 billion in 2020 to $21.86 billion in 2027 at a CAGR of 13.0% in the 2020 to 2027 period.
Sonata had in March 2020 acquired the Melbourne based GBW, pioneers in the CX domain with 30 years’ experience delivering CX improvement for marquee brands across the globe.
‘CXe’ is a combined result of GBW’s CX Management tools and expertise supplemented by Sonata’s own Platformation methodology of driving digital transformation and deep expertise in aligned technologies like customer engagement, data and analytics.
Sonata Software MD & CEO Srikar Reddy said totwithstanding evolving customer habits post the pandemic, the basics of ensuring great CX remains the same.
“Listening intently to your customer & acting on the feedback. A well thought out CX program involves understanding what drives great customer experience across the customer journey and customer life cycle, using the insights to design great CX programs,” said Srikar Reddy.
Srikar Reddy said w well thought through CX measurement programme is critical to ensure the effectiveness of the CX programmes.
“The different components of CX measurement are interrelated and a combination of Mystery audit, mystery shopping & integrated to a VOC programme through a common data platform equip you with the basic tools to make sure your customers are getting a consistent and great CX,” said Srikar Reddy.
CX has long been a holy grail for most businesses, those who get it right enjoy loyalty helping the company gain customers who are spending more with them & also gain advocacy – word of mouth, bringing down cost of acquiring new ones, so it is not surprising to see most companies have programs that are asking customers for their feedback.
However, as per Sonata, based on Analyst studies and the experience of GBW, only one in five-six companies get it right. For others, gains from CX remains the proverbial pot of gold at the end of a rainbow.
Given the disruptions of the last year when customer journeys have changed for many companies, the task has become more difficult than ever before. This has created a great opportunity for Sonata to roll out its enhanced CX solution ‘CXe’ to its existing customers and the initial response has been overwhelming from clients across the globe.
Sonata is now sprucing up its team to be able to offer the solution to more new customers besides making further investments in solution development and marketing given the opportunity CX provides.
Said Venkatesh Parthasarathy, ex-MD of Dairy Farm and adviser to many leading companies, said this enhanced CX solution from Sonata is indeed unique and covers off pain areas that our team used to have in having different vendors for each programme and missing out on a unified view of the customer, but the icing on the cake for me is really about being able to see the impact of the CX programs on your business.
GBW (now a Sonata Software Company) CEO Grant Salmon and an industry veteran added GBW’s experience of over 30 years gives the company insights into why Companies fail with their CX management programs.
“Firstly many are “myopic” measuring a single point in the customer journey rather than the complete journey, next, many use do-it-yourself platforms which are great in the hands of an expert, but many clients confuse automation with knowledge and expertise,” said Grant Salmon.
Grant Salmon said then there is the case where data is sitting all over as there are online & retail teams, Customer feedback and Mystery shopping programs overlooking the aspect that the customer is one and teams who have to act basis the feedback are served better when they can see the feedback together rather than in a disjointed manner.
“Finally, you need to know if your CX is impacting your business outcomes and if your programs are not giving you that visibility, you are bound to lose interest. That is why we came up with ‘CXe’ where we offer an end-to-end program that addresses these challenges with conventional programs,” said Grant Salmon.