(Consent Management Software & Experts)
Capture and honor customer consents to create a foundation of transparency and trust while providing customers control over their data.
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The Importance of Consent Management
Customers have lost confidence in how businesses use their data, protect their privacy, and conduct business communications. This is resulting in new global privacy regulations, data-deprecation, the elimination of third-party cookies, and the urgent need to collect consent.
As the requirement for consent collection is becoming increasingly common and complex, organizations must create a consent management strategy to avoid significant fines and to maintain customer trust. To accomplish this requires four core components. You must...
- Be transparent by disclosing how you will use and protect your customer’s data
- Collect consent by type of communication (e.g., marketing or service communications) and specify in the disclosure language which channels will be used, and which affiliated companies will communicate with them
- Give value in return such as hyper-personalization of customer experiences, relevant promotions, or enhanced customer service
- Provide customers control over their data ensuring they can easily add, edit, and delete it at any time
Consent Strategy Within Large Organizations
Large companies typically do business in multiple jurisdictions, making consent management more complex. They are subject to state, federal, and international regulations in each of those geographic locations. Additionally, multiple business units, departments, and databases make business rules and interoperability vital to the success of enterprise consent management. When a customer or prospect provides consent to any business unit, that consent must be honored across the organization, resulting in consistent omni-channel customer engagement.
So, not only must user consent be collected, but it is also vital to ensure consent is collected at the right customer touchpoint, with the correct content, in the right language and locale. Additionally, organizations must know where it is stored, how to access it, and how to update it.
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How is Consent Strategy Different from Preference Strategy?
Today's technology is much different than it was 20 years ago. No one could have predicted how the Internet, smartphones, and the widespread use of social media applications could have global implications. This massive technology evolution makes customer consent, preference, profile, and insight data (collectively referred to as zero-party data) the most important data available. Third-party data is highly inaccurate, whereas, zero-party data is data provided directly from the customer, making it very accurate, providing more insights, and it is proprietary.
The core differences that drive consent strategy are considering the impact of corresponding regulatory requirements and the requirement to obtain consent prior to engaging with prospects in certain jurisdictions - whereas customer preferences and insights are optional and help businesses hyper-personalize their customer experiences. This makes it imperative to both successfully collect consent (“the art”) and to do so in compliance with respective regulations (“the science”).
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Our Strategic Consultants Can Help
Our expert consultants work at the intersection of global regulations, technology, data integration, and consent collection best practices. They can architect a solution design that both complies with regulations and transforms your CX, building trust and motivating prospects and customers to engage with your business, increasing customer retention and lifetime value.
We provide a holistic suite of services to help you regardless of where you are in your journey. Perhaps you’re in the initial stage of conceptualizing where to collect consent, or you need help optimizing technology that you’ve already deployed or are somewhere in between. We provide Voice of Customer research, discovery, thought leadership, solution design, integration, and compliance expertise to help you establish a foundation of transparency and trust.
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