It would be an understatement to say that the automotive industry has suffered problems in recent years. The truth is that the industry has had to endure multiple heavy blows that have forced it into a corner.
As the world-leader in low-code software development, at EvonSys we work closely with auto industry leaders every day. This gives us firsthand insight into the adversity our customers are facing.
In the last three years, the industry has confronted unprecedented changes and challenges, largely due to the global pandemic and supply chain issues. The result has been an increase in customer uncertainty, a decrease in inventory, and an increase in MSRP product. Meanwhile, OEMs are retooling to meet the demands of EV technology, throwing yet another metaphorical spanner into the works.
In recent years, as a result of the above, the requirement for intelligent incentives, offers and promotions for customers has waned. However, industry experts are predicting that the need for incentives will return in 2023 at a localized level as customers and your competitors become savvier and demands becomes more acute. Not to mention customer loyalty will be challenged due to pricing pressures due to Supply Chain issues.
At EvonSys, we couldn’t agree more. While we cannot prevent change, we can choose to embrace it by growing and adapting.
Many leaders realize that it will be necessary to return to their former incentive campaigns in a more intelligent way. Do any of the following issues sound familiar?
If any of these issues resonate, then now is the time to switch to a new, more robust incentives, offers and promotion management application.
Thankfully, there is no need to return to the cumbersome, costly, and error-prone previous way of developing incentive campaigns.
It is now a priority for companies to find new ways to drive growth by adjusting their approach to incentives. This can be done effectively by looking at incentives with innovation, differentiation, and a data-based approach.
In 2023, the quickest and most effective way to optimize your incentive campaigns is to adopt data-driven decisioning with EvonSys Intelligent Promotions and Offers. This powerful solution combines intelligent process automation with intent-driven processes to digitize incentives, offers, and promotions region-by-region, as well as the decisioning process for staff and management at any level in any industry.
The EvonSys solution can easily implemented and expanded both horizontally and vertically, providing interoperability with existing internal and external data sources. Reduce workloads and guide incentives based on real-time data to ensure your incentive spend structure is aligned with budgets and sales structures.
At EvonSys, we provide the change required and the room for you to adapt and grow to the ever-changing landscape, no matter what the world throws at you.
To discuss taking your incentive management to the next level, please contact the EvonSys team.
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