With the advent of new digital platforms and channels, organizations have been forced to rethink how to advance customer-centricity as they engage and serve their customers.
Barclaycard recognized that to achieve customer centricity across the organization, they would need to modify Key Performance Indicators (KPIs), organizational roles & responsibilities, processes, technology, and investment prioritization.The Solution
Barclaycard, already recognized as a pioneer in the field of customer experience, needed to determine the best roadmap to transition from a product-centric operating model to one that would better deliver what customers wanted.
To address this, they enlisted West Monroe Partners to develop a framework to capture and map key customer journeys, tie them to underlying value stream maps (VSM), and incorporate voice of the customer (VOC) measurement.
The framework allowed journey owners to identify key problems that impact the customer journey, then prioritize projects to allocate resources more effectively.Operationalize the customer experience
West Monroe developed a proprietary Customer Journey Mapping (CJM) methodology to create links between customers’ interactions with Barclaycard and its underlying processes. The CJM revealed the impacts that operations have on the customer, as well as the costs to the business to deliver a superior customer experience.The Approach
Before conceiving a future state, West Monroe helped Barclaycard map over 100 projects to points in the customer journeys. The organization uncovered duplication and sequencing opportunities. The team then followed a roadmap to:
Based on links between customer action, perceived sentiment during that action, and waste in the value stream, an inventory of future state ideas and projects emerged.
Phase II: Understanding how vulnerabilities in processes can impact the customer’s journey
After the mapping exercises, West Monroe took a deeper look into previous incidents that negatively impacted the customer experience. These incidents were assigned to the journey in which they started, as well as the process step that contained the root cause, giving Barclaycard an understanding into both the operational and customer impacts they created.
Finally, as root causes were identified and solutions developed, they were paired with the CJM inventory and fed through West Monroe Partners’ scoring model. The output was a journey-based, prioritized list of projects that can be quickly pivoted depending on the current business strategy.
Executive alignment around a CX-enabled organization with clear priorities set
With a customer-centric strategy in place, journey owners now have authority to span cross-functional boundaries and the ability to prioritize projects that improve both the customer experience and business performance. Barclaycard will be better able to allocate their strategic investment dollars. More importantly than hitting the top and bottom lines simultaneously, they will be able to quickly respond to their customers with lasting, impactful solutions.
For more information, watch our video with Barclaycard.