Managing an online betting platform, such as a sportsbook or casino, is more dynamic than just providing games and betting options. Like any customer-based business, iGaming operators require tools to attract, retain, and manage their players effectively. This article discusses the various elements that can be incorporated into PAM software, and unveils the capabilities offered by Lion Gaming to ensure your business thrives.
What exactly is PAM software?
Primarily, PAM software refers to Player Account Management software. CRM, or customer relationship management, is a familiar term used in other sectors, which is a type of software that aids businesses in managing their customers’ relationships. PAM software, in the context of online casinos and sportsbooks, enhances the management of their relationship with players.
PAM software, along with CRM platforms, work hand in hand to collate customer data and link critical information relating to leads, prospects, and customers with various organizational units like marketing, customer service/success, sales, and management. For instance, Salesforce, a CRM software giant, accentuates the crucial role of CRM software in ensuring the success of businesses across various sectors.
How important is PAM software to iGaming operators?
As highlighted earlier, PAM software delivers the advantage of managing and structuring your data in one central location. Through a PAM system, different units and functions of your online betting business can access uniform data, eliminating the dependence on various player data sources. This promotes collaboration, coordination, and streamlining of processes within your venture in real-time.
Beyond internal benefits like improved organization and consistent data, PAM software also enhances your company’s experience when dealing with existing and prospective players. Here are a few reasons why the functionality of player account management software is vital to player experience.
Superior player segmentation
iGaming operators are aware of the diverse types of players frequenting their websites. Some players prefer traditional table games like blackjack, baccarat, or roulette. Others may favor slot and arcade-style games, while some are only interested in sports betting. Further, among sports bettors, some have a preference for specific leagues or sports. When you delve deeper into your data, player differences become more noticeable. It’s crucial to segment your players as much as possible to deliver highly personalized marketing communications. For instance, Lion Gaming’s PAM system allows the creation of bonuses for specific player segments. You can encourage players who have only engaged in casino games with a special credit for a sports bet. Alternatively, you can motivate players who only bet on basketball games with a unique credit to bet on an upcoming Grand Slam tennis event. Appreciating the importance of player segmentation can significantly enhance cross-sell and retention efforts.
Enhanced communication with your players
Data living in different systems or being out of date makes it challenging to know what to communicate to your players and the right time to do it. Player account management software provides real-time access to player data, allowing you to personalize your communication with your players appropriately. If a player raises a concern or complaint, all their pertinent information is readily available in your PAM software. You can review their game history, deposit times, and betting frequency when interacting through chat, email, or phone. You can have informed conversations with your players and create mutually beneficial outcomes by equipping yourself with all the relevant data.
Data-driven decision making
A comprehensive player account management software provides all the necessary data to make informed decisions about your online betting platform. At the macro level, it lets you view data such as total players, new player registrations within a specific period, total deposits, deposits within a given period, pending withdrawals, casino or sportsbook profits, affiliate traffic, your most profitable games, player login frequency, and more. You can use all this data to guide your marketing, customer service, and capital allocation efforts. Serving as the nerve center of your iGaming operation, PAM software consolidates all your data in one place.
Lion Gaming’s PAM software
At Lion Gaming, our turnkey sportsbook and casino software includes robust player account management software featuring all the traits highlighted in this article. The PAM functionality we have incorporated in our Fer0x Casino and Fer0x Sportsbook platforms is among the industry’s best. If your goal is to launch an online betting platform leveraging advanced iGaming technology designed for success, get in touch with us today or request a demonstration below. Let us show you how our PAM software can transform your iGaming operation into a resounding success.
