Successful businesses are built on relationships. And it's impossible to build good relationships if you don't have some way of tracking who your customers are.
3 September 2018
CRM stands for Customer Relationship Management. The term refers to a process or software product that helps you track and manage your customer interactions. Businesses use CRM tools to provide better customer service, grow the business, and unlock new insights into their customer base.
A standard CRM tool gives you the ability to enter personal and company details of a particular customer: telephone number, email address, website, company size, and more. You can also enter sales-specific information such as meeting notes or applicable marketing campaigns. Most CRM tools divide such information into fields, with each field being searchable so that it's easier to find customers within a particular category or subgroup, such as industry or job title. The most powerful tools allow you to create your own fields of specialized information.
These records function as a central repository for all customer information. Any team or employee that comes in regular contact with customers should have access to a company's CRM tool. This customer visibility makes it easier to send the right marketing offers, drive sales, and maintain customer satisfaction.
As mentioned before, a CRM is critical for effective business operations. Even small business who might not see the need for a CRM need some method or tool for keeping their contacts organized. The CRM is central to the entire customer journey, from pre- to post-sales.
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