New research from OpenText reveals the extent to which the pandemic has changed customers’ expectations of brands, and the increasingly important role of a streamlined digital experience post-COVID.
The new data – from a survey of 2,000 Canadian respondents – reveals that 68% of Canadian consumers are more likely to buy again from brands which treat them like an individual, rather than the same as any other customer. This demand for brands to engage with customers as an individual is mirrored across the United States (67%) and Europe – in Italy (70%), Spain (63%), France (59%) and Germany (55%).
Four out of ten (45%) Canadian consumers only buy from brands that make them feel they understand their preferences, such as communicating with them through their favourite channels or providing tailored deals.
Customer Experience is King
More than half (59%) of Canadian consumers would be put off buying again from a brand due to a bad experience. In fact, five out of ten (56%) do not believe there is such thing as a ‘customer for life’ anymore in 2021, suggesting that brands cannot rely on customer loyalty stretching far enough to recover from bad experiences.
Creating a frictionless experience for customers is key to providing a good experience. When buying products or services online, nearly three out of four (77%) Canadian consumers say that an easy search is very important to them. Furthermore, half (47%) prefer to shop with brands that auto-fill and remember their details for next time. There is, however, pressure on brands to store that data correctly: more than half (60%) would even be willing to pay more to do business with a brand that is committed to protecting their personal data.
The importance of digital in a post-COVID world
For 53% of Canadian consumers, the pandemic has changed their expectations of what a brand’s digital offering should be. One fifth (23%) won’t use brands if their experience isn’t excellent when buying online.
Nearly half (48%) are now more comfortable with digital only businesses as a result of the pandemic. For more than 4 in 10 (46%) Canadian consumers, a personalized digital experience is now vital to them if they are to come back to a brand time and time again.
The research also reveals consumer perspectives on which organizations have risen to the challenge of providing an optimal experience during the turbulence of the last year. Four in 10 (40%) say bigger established brands have been able to offer a smoother digital experience than smaller ones during the pandemic.
Methodology
This research was conducted by 3Gem in April 2021. Commissioned by OpenText, 27,000 consumers were anonymously surveyed globally, across the UK, Germany, France, Spain, Italy, USA, Canada, Brazil, Japan, India, Australia and Singapore.
The Canadian research polled 2,000 respondents to uncover consumer perspectives around customer experience, the role of digital and how the pandemic has impacted their expectations.
New Procore ERP Connector Platform Provides Real-Time Insight on Financial Health of Construction Projects
Posted in Commentary with tags Procore on July 15, 2021 by itnerdProcore Technologies, Inc., today announced the availability of its global ERP Connector platform, along with four new Procore-built accounting integrations.
Now companies can obtain real-time insight into the financial health of their construction projects through centralized, accurate data that connects all of their stakeholders. They can easily connect their enterprise resource planning system of choice to Procore Financial Management, a project cost management solution.
According to the 2020 Construction Technology Report, over 50% of companies are still relying on spreadsheets to manage ERP workflows. This can lead to double-data entry, costly mistakes, and can create a delay in delivering data back to the accounting team – potentially impacting subcontractors’ payment, account reconciliation, and change order processing because decisions are being made based on incomplete data sets.
Customers wanting to use an integration sold directly by Procore now have a choice of nine connectors to choose from. These include four new connectors for Sage, MRI, Acumatica, and Yardi, as well as five previously built connectors for Sage 300 CRE, Sage 100 Contractor, Quickbooks Desktop, Viewpoint Vista, and Viewpoint Spectrum.
Both customer developers and third-party app developers can use the Procore ERP Connector platform to build integrations that leverage the same functionality that Procore-built accounting integrations deliver, so their field and office teams can collaborate in real time.
Learn more about the Procore ERP Connector platform in this blog post and on the Procore website.
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