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RFG
Clients Enhance Brand Awareness and
Increase Sales Through Matrix Marketing
Lombard, IL., May 2007 - iMATRIX, RFG’s matrix marketing software, helps
clients increase sales and brand recognition through systematic product
offers.
iMATRIX automates marketing communications through a predetermined path
of product offers based on a member’s relationship with the credit union
and likelihood to purchase additional products.
"iMATRIX allows us to create and manage complex mailing campaigns
without the need for additional staff. Attempting to manage such
projects without the decisioning and prioritizing capabilities would be
virtually impossible without iMATRIX. We are extremely happy with this
flexible solution" said Rich Jones, vice president of marketing,
Elevations Credit Union.
Premier Members Federal Credit Union uses iMATRIX to offer incentives
for their most popular products. Each offer is segmented based on
demographics and products the member currently uses. “It’s a rather
complicated process, luckily RFG’s iMATRIX system keeps track of who
gets what letter and when, along with whether or not the recipient
responds,” said Kerry Goodliffe Parry, vice president of marketing,
Premier Members Federal Credit Union.
“New members receive what we call a “welcome” letter within about a
month of joining the credit union. The letter welcomes the new member to
the credit union and thanks them for the business. Twelve percent of
recipients open some type of new account within 60 days of receiving
this communication. We also send a letter to top households called “luv
ya” thanking them for their business. Fourteen percent of recipients
open a new service within 60 days of receiving this offer. What we have
learned is that if you can do nothing else, be sure and thank members
for their business. A little thing like a thank you can go a long way to
future business,” adds Kerry.
“iMATRIX is designed to promote the right product, to the right
prospect, at the right time, without the need for additional staff. Our
goal is to maximize our clients marketing efforts through automation so
they can focus on new opportunities,” said Curt Johnson, vice president
of software development, RFG.
To preview iMATRIX, visit
www.raddon.com/imatrix and register for a free Web demonstration.
About RFG
RFG, a business unit of Open Solutions Inc., has been providing
research-based solutions exclusively to the financial industry since
1983. RFG understands the industry and knows how consumers interact with
financial institutions. By using best practices in research, analysis
and trends to create customer intelligence, RFG plays a key role in
helping financial institutions manage their customer relationships and
their organizations.
About Our Parent Company
Open Solutions Inc. offers a fully-featured strategic product platform
that integrates core data processing applications built on a single
centralized Oracle relational database, with Internet banking, cash
management, CRM/business intelligence, financial accounting tools,
imaging, Check 21, digital document, interactive voice response, network
services, Web hosting and design, payments and loan origination
solutions. Open Solutions’ full suite of products and services allows
banks, thrifts, credit unions and financial service providers across the
glob to better compete in today’s aggressive financial services
marketplace and expand and tap their trusted financial relationships,
client affinity, community presence and personalized service.
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