Creative automation and machine learning technology is rapidly evolving, giving birth to new marketing solutions for brands. Creative management platforms happen to be one of these powerful and unprecedented tools. Deploying personalized, on-brand creatives on a large scale is now not only possible but also incredibly easy. A universal challenge among brands is to generate customized content that targets various audiences while maintaining brand integrity, and this is where a creative management platform of CMP steps in. CMP’s also help address the content gap – the difference between the content demand and the resources required to fulfil it.
If you have never heard of the term “creative management platform” before, don’t worry – it is simply a MarTech term which has gained popularity among certain industries. That being said, it is an incredibly useful tool which will help your marketing team drive results. In this blog, we’ll explain exactly what a creative management platform is and how it can benefit your business.
What is a Creative Management Platform?
In layman terms, a creative management platform (or CMP) is a cloud-based software tool that enables users to create, monitor and distribute digital advertisement content. In other words, a CMP is essentially a centralized platform that facilitates a host of tasks in the creative production lifecycle. This is made possible by programmatic ad technology.
There is a rapid increase in the number of media channels with unique specifications. Constantly updating the format of ads is highly inefficient when done manually – this is why a scalable and practical approach needs to be taken. By implementing a platform such as a CMP, your team can reap benefits instantly. Centralized control has a direct ROI as it leads to shorter turnaround times and a high degree of flexibility while deploying creatives.
Features to Look for in a Creative Management Platform
The best Creative Management Platforms have unique benefits which you absolutely must consider when selecting the best fit for your needs. Here are some of the top features you should look out for.
Real-time data analytics
Obtaining real-time analytics is one of the prime benefits of using a CMP. With such a platform, you can oversee important metrics in an easy to understand format. This includes metrics such as click-through rate, bounce rate, views and more. Built-in features allow users to implement changes in poor performing ads on-the-go.
Ad creator to facilitate creative generation
A creative management platform almost always includes an ad creator, which removes the challenges associated with generating creatives at a high volume. With a CMP you can create different messages for different cohorts and integrate the variants seamlessly.
Besides this, your creatives are hosted on the cloud and in the platform itself. This means you can update and reconfigure live banners without having to re-publish!
Automatic code generation and high interactivity
Without a CMP, creating rich and visually pleasing ads required complex code. Well, not anymore! For design teams where members are unfamiliar with complex coding or HTML5, this platform provides an easy solution.
Built-in features such as ad scaling and ad generation are important requirements you should look for in a CMP. Code is automatically generated based on specifications of creatives which saves hours of work over time.
Simple landing page generation
Landing pages are among the most important pages of your website. In order to achieve perfection, you must be willing to go the extra mile to ensure everything is working smoothly. Many CMP’s have landing page builders and crafting an interactive landing page with visually pleasing creatives will set your business apart. Such a feature is highly important and you should keep it in mind while selecting the perfect CMP.
A CMP is a cloud-based platform which in and of itself has many benefits. This system eliminates the need for sending files back and forth and constantly reviewing the content to ensure it is consistent and optimized. Thanks to extensive network integration, a CMP allows for real-time data analysis and also scheduling campaign events.
Achieving brand consistency across multiple channels
Creating a consistent and uniform experience for your users across multiple touchpoints is important in establishing brand value and recognition. A CMP is a perfect tool for this objective since it is a toolkit that makes the generation of creatives easy. You can then modify these creatives for different channels at the tap of a button.
Dynamic creative optimization
The DCO or dynamic creative optimization feature is very useful – it allows you to generate ad variants for different segments of your audience on the fly. A CMP makes this possible thanks to its countless integrations and machine learning technology. Based on customer behaviour and other data such as the geographical location you can serve the most relevant ad with a CMP.
Ability to upload to different channels
As mentioned earlier, the ability to push creatives across different channels is the key to delivering a consistent experience to users. With a CMP, you will be able to create a whole range of digital formats for your creatives. These include video ads, display ads, email, affiliate ads and more.
Internet advertising is here to stay, and will only increase in the future. To stay ahead of the competition, brands must implement technology that prioritizes personalization and gives users the best experience possible.
CMP’s provide features that not only make distribution of creatives easier but also more effective. This is a win-win situation for everyone involved since it leads to higher customer satisfaction and successful business growth for brands. Moving forward, personalization of outbound communication will be a necessity and a CMP is the key to achieving this goal.