
Business profile
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Customer
Feedback Grows Revenues Before
a new medicine can be brought to market,
it must be developed in the
lab, undergo extensive human testing in a long series of clinical
trials, navigate the maze of the regulatory process, and finally --
hopefully -- be approved by the appropriate government agency. After
all that, the long sales, marketing and commercialization process can
begin.Throughout that process, Quintiles Transnational provides a broad range of professional services, information and partnering solutions to the pharmaceutical, biotechnology and healthcare industries worldwide, including:
Quintiles’ expertise and global resources supplement the capabilities of both big pharma and small biotech firms. "We’re a flexible extension of our customers’ in-house resources," explained Zeynep Aydogan, Associate Director of Quintiles’ Corporate Strategic Services. "We help them achieve more without expanding their headcount." Its successes are impressive. In the last five years they have managed more than 2,300 clinical trials worldwide, involving 120,000 hospitals and clinics and over 1.4 million patients. Quintiles' teams helped develop or commercialize every one of the world's thirty best-selling drugs. The company has also helped speed nine of the top ten bestselling biotech products to the market. Then and Now
Quintiles
began collecting customer satisfaction data in 2001, using an in-house
Lotus Notes-based system. Over 5,000 surveys were deployed to 500
different clients, spanning all regions and lines of business. These
formed a core of knowledge and best practices the company was
determined to retain and build upon."By 2003, we’d simply outgrown the old system," said Law. "We were updating our CRM solution to Salesforce.com, and decided it was time to partner with a customer feedback specialist offering a hosted solution." Quintiles had many challenging requirements:
Integration
and Customization
Following
an exhaustive vendor evaluation in late 2003, Quintiles selected
CustomerSat as its customer intelligence solution. Law was impressed by
CustomerSat’s willingness to customize the solution to meet
Quintiles’ specific requirements. “They’re very
responsive, very committed to their customers."Quintiles' new Global Customer Feedback Program has three phases:
Personalization
Two basic types of surveys are extensively customized to allow a virtually unlimited number of variations.
Survey invitations are extensively personalized, based on particular issues, opportunities and other customer information. Personalization ensures that the wording of every invitation is appropriate for that customer, service, region or parent company. Close Integration with
Salesforce.com
Answers
to the three loyalty questions reside in Salesforce.com, along with
customer data like contact info, meeting notes, proposals and
contracts. Records of survey requests, activity, follow-up notes and
corrective action plans are also in their CRM system. Most of the
actual survey data remains in CustomerSat Enterprise, which not only
reduces the cost of Salesforce.com, but reduces its data load, keeping
it fast and responsive. "This close integration means higher efficiency," said Hendrix. "We can instantly see the context of each relationship, notes about upcoming or past meetings, open proposals or opportunities with that contact." This also shrinks the time it takes to prepare for client meetings or to bring new staffers up to speed, making staff promotions, transfers and turnover less of an issue. Distributing Feedback
Quintiles’
primary internal customer, the Project Manager, reviews all customer
feedback, identifies issues and plans corrective actions. Survey
results are cascaded via email to senior management, functional
management, key business development and operations personnel working
on each project. "One of the biggest changes has been the company’s increased commitment to customer feedback. We really listen to our customers," Zeynep said. They extrapolate the insights they receive on specific projects or issues, and utilize them to enhance their best practices and capabilities. Customer feedback is utilized in monthly project reviews, performance appraisals and account planning. It's also an important element in performance appraisals, and bonus/compensation packages. Little more than five years ago, Quintiles staffers didn’t know what their customer satisfaction score was. Now they not only know it -- their compensation depends on it. Customer Loyalty and Future Growth
By
tracking key performance metrics across both the service delivery
process and the relationship, Quintiles surveys provide actionable
information to enhance both.One vital metric, the Customer Loyalty Index, is closely related to the company’s growth, repeat business, and potential strategic partnerships. There’s a limited pool of potential customers within the pharmaceutical and biotech industries, Hendrix explained, and a close network of key decision makers. "We run into the same people all the time, so loyalty and engagement are even more crucial," he said. High scores reflect a deeper relationship between the company and its customers. Aydogan called it "a key driver of future action." Loyalty scores guide senior management in making key decisions about improvements and investments. They inform both corporate and individual goals, key performance indicators, and project reviews. Since they began measuring customer feedback, Quintiles' Customer Loyalty Index has increased 11%, while annual revenues have hit record levels. Their current goal is to increase the Index another 6% in the next three years. |