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Commerce Bank Integrates First Research Industry Intelligence into CRM System via Web Services; Bankers Can Now Access Customer Details and Industry Insight from Single Source.


RALEIGH, N.C. & KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- First Research Inc., the leading industry intelligence company, announced today that Commerce Bank has successfully integrated its Industry Intelligence Tools into the bank's internal CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization.  system. First Research developed custom web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term.  to facilitate an easy and seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation.  into the bank's existing workflow, creating one internal resource where bankers can view specific customer information combined with critical information about that customer's industry.

"CRM systems have historically been very internally focused. First Research has helped us become much more externally focused, giving us a more complete view of our clients, their business and their banking needs," explained Andrew Kaplan Andrew Gary Kaplan is an American author, best known for his spy thriller novels. He worked as a free-lance journalist and war correspondent for the International Herald Tribune in Paris, covering events around the world. He served in both the U.S. , executive vice president, Commerce Bank. "The web services integration simply helps us bring the pieces of the puzzle together."

Commerce Bank is the principal subsidiary of Commerce Bancshares This article is about the bank headquartered in Kansas City, Missouri. For other uses, see Commerce Bank.
Commerce Bancshares (NASDAQ: CBSH) is a Kansas City, Missouri based bank with branches in Kansas, Missouri, Illinois, and Oklahoma.
 Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: CBSH), a $13.9 billion regional bank holding company. More than 200 commercial bankers are responsible for building relationships with thousands of customers in hundreds of different industries. They chose to subscribe to First Research to help them gain a better understanding of their clients' business. First Research performs the "heavy lifting" of industry research by synthesizing hundreds of sources into an easy to digest format a user can consume very quickly to better understand a prospect's or client's business issues. First Research updates each Industry Profile quarterly and pushes out Email Alerts to ensure content is both timely and top of mind.

The bank already relied on its CRM system to capture and access valuable client information including contact information, details about the account and more. It made perfect sense to make information about a customer's industry available from the same source. Commerce can now compile all of the information into one detailed report, providing them with everything they need to know about each account. Industry intelligence in concert with client specific information transformed Commerce Bank's CRM system into a robust sales readiness tool.

"Commerce Bank is at the cutting edge of client-centric banking and we are proud to have played a role in that," said Bobby Martin, First Research president and co-founder. "Banking customers shouldn't have to educate their banks. Instead, other banks should follow Commerce Bank's lead in accepting that responsibility and using industry intelligence to build and maintain customer relationships."

By developing the web services application, or software components based on a standardized XML-based messaging system, First Research now offers clients more control over how and where their employees access industry intelligence. Clients can choose to include complete First Research Industry Profiles in their CRM system, or they can choose to offer pieces of information such as individual chapters, quarterly updates or information about business challenges.

About Commerce Bank

Commerce Bank is the principal subsidiary of Commerce Bancshares Inc. (NASDAQ: CBSH), a $13.9 billion regional bank holding company. For more than 140 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning Estate Planning

The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death.

Notes:
Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the
 and investments through its affiliated companies Affiliated Companies

A situation that occurs when one company owns a minority interest (less than 50%) in another company.

Also refers to companies that are related to each other in some way.

Notes:
An affiliated company is sometimes referred to as a subsidiary.
. Commerce Bancshares operates across three states in Missouri, Kansas and Illinois with approximately 340 locations. Commerce also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities.

About First Research

First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors and close more deals. First Research performs the "heavy lifting" by synthesizing hundreds of sources into an easy to digest format a sales person can consume very quickly to better understand a prospect's or client's business issues. First Research updates each Industry Profile quarterly and pushes out Email Alerts to ensure content is both timely and top of mind. Customers include leading companies in banking, technology, telecommunications, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in  and professional services such as Bank of America
See also:  and


Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world.
, Merrill Lynch and Sprint. Used by over 50,000 sales professionals, First Research can benefit any organization which has prospects in multiple industries. First Research is headquartered in Raleigh, North Carolina For other uses of this name, see Raleigh.
Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County.
. For more information, visit www.firstresearch.com.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 7, 2006
Words:679
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