Customer Relationship Management (CRM) is critical to the success of a business. Lately, work done in CRM has focused on the mining of customer-related data and the construction of customer behavior models. This paper presents a framework for an effective detection of business events that trigger the execution of customer related activities based on a set of predefined business rules. An event is the occurrence of something interesting to the system itself or to user applications. Event driven execution of rules in Event-Condition-Action (ECA) form can ensure efficiency and timeliness. This is an important aspect of CRM that few researchers have reported. In the e-Brokerage Industry, business events concern mainly with clients, brokerage firms and the stock market environment.
Related white papers
Defining, Modeling & Costing IT Services: Integrating Service Level, Configuration & Financial Management Processes
This paper will examine the fundamental steps for defining IT services, modeling IT services in a Configuration Management Database (CMDB) and developing service based IT costing models. These activities are...
What Every Company Should Know About Email Management for Sarbanes-Oxley Compliance
In simple terms, the Sarbanes-Oxley Act (SOX) requires businesses to demonstrate effective corporate governance and information management controls. However, since the Act passed, it seems that just about everyone -...
Help Maximize Customer Base and Revenue: Optimize the Efficiency and Cost of Account Opening Processes
Driven by customer expectations and competitive pressures from market leaders, banks are reassessing their delivery and customer management strategies. By eliminating inefficiencies, they are able to reduce costs and attract...
Risk Analysis Using the DuPont Model: Talking the Language of the Business Using Financial Models for Risk Analysis
This whitepaper outlines the importance of understanding the financial impact of information security risks. The DuPont model is used to describe this because it gives an understanding of the relationship...
Sarbanes-Oxley Compliance: Meeting Short-Term Goals and Delivering Long-Term Value
Companies have an ability to redirect their efforts. Decisions made now, during the completion of initial compliance, will have a significant impact on the efficiency and costs of ongoing compliance....
The State of the Art in Finance
Benchmarking is an important tool that finance organizations use to stay competitive. It allows them to determine the value of adopting best practices and changing business processes. To assess the...
Five SOA Projects that can pay for themselves in six months
One of the easiest ways to get started with SOA is to identify a project that can pay for itself within a short period of time. A pilot project allows...


