No longer just a ‘nice to have’
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12 August 2010
CRM software: what it does, what’s available and where it’s going
If you work in a client-facing job such as marketing, sales, account management, customer service or similar role, you’ll almost certainly be familiar with the term ‘CRM’.
CRM stands for customer relationship management. In the past few years, CRM has moved from being a ‘nice to have’ tool used by large corporations, to an essential component of successful businesses of all sizes.
CRM is most often used to refer to a range of software applications which help improve business processes, and in particular those directly related to attracting and retaining customers. Depending on the organisation, this includes everything from identifying the most profitable customers to running marketing campaigns, progressing sales enquiries, scheduling service calls or dealing with complaints. More precisely, genuine CRM is a combination of business strategy and business processes brought together by software which, if implemented correctly, can bring significant, tangible benefits to organisations.
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