Salesforce has unveiled a product that it says will help brands increase customer trust and engagement.
The new offering, Loyalty Management, helps B2B and B2C users build or enhance their loyalty programs. It will be available in February.
Built on the Salesforce Customer 360 Platform, Loyalty Management can serve companies in the retail, consumer goods, manufacturing, travel and hospitality and other sectors.
The goal is to help those marketers “evolve their loyalty programs from a transactional to a human-centric approach,” says David Schmaier, CEO, Salesforce Industries.
According to the company, Loyalty Management provides:
The company notes that over a third of U.S. consumers have tried new brands since the start of the COVID-19 pandemic, and 80% plan to stick with them.
“As successful loyalty programs move beyond simple point and redemption exchanges and focus more on early access, experiences and products, existing loyalty solutions have been slow to adapt,” comments R “Ray” Wang, principal analyst and chairman of Constellation Research.
Wang adds: “Customers are looking for a loyalty management product that represents the next-generation of loyalty and gives companies the freedom to create, evolve and measure a loyalty program that is capable of providing personalized and engaging offerings.”