Customer Relationship Management

Hi All,





CRM stands for 'customer relationship management'.

What Is CRM Software?

CRM, or customer relationship management, refers to software that lets companies track every interaction with current and future customers. Though the software capabilities can change depending on which provider you're using, the software itself is usually just referred to by the acronym, CRM.
Most CRMs will have features for keeping track of prospect and customer names, emails, and phone numbers. Others can track phone calls, log emails sent to prospects, and keep track of prospects' social media feeds. More advanced and complex ones can rotate leads to the right sales reps and log interactions with customer support teams.

Regardless of the features in place, the goal of implementing a CRM is to create a system that your company (most often the sales and marketing teams) can use to more efficiently and effectively interact with prospects or customers.

Marketing will often use a CRM to ensure that they're rotating the right leads to sales -- a key aspect of developing a strong relationship with the sales team. On the sales side, having the entire prospect history in one place saves a ton of time and improves productivity.

Need for CRM System

CRMs automatically keep track of your prospect and customer information so you can focus on growing. Every company is in the business of growth.

Decide Your CRM Software

There are many CRM options out there that could work for your business. It all depends on which features your business needs most. Here are a few questions to ask yourself to help you figure out which CRM you should get:

• Does your sales team have a clear process for whom to call and when? If not, you might want a CRM that gives them insight into which prospects are most engaged.

• Does your company work on large B2B deals that require you to interact with many people inside one organization? You might want a CRM that can easily pull and organize someone's data based on the company they work for.

• How do you primarily interact with leads: by phone, email, social media, or a combination? You should find out how different CRMs could make prospect interaction easy for representatives.

The best way to figure out what you need right now is to talk with people both high up in your sales organization and those on the ground floor. That way, you'll find out what features your team will need as a whole and in the day-to-day.

What's the one feature pretty much every company will need? A sound integration between your CRM and marketing software. For you to properly communicate and track your company's prospects, leads, and customers at every stage of the buying journey, your technology needs to play nice together.


The moral of the story here is this: If you’re running a business and intend to keep growing, you should get a CRM. Your success depends on being able to delight your customers. Knowing as much about them as possible, delivering rapid responses to their inquiries, solving problems quickly, and delivering a personalized experience in which a customer feels special will help you delight your customers -- and ultimately, help you grow.



Courtesy: http://blog.hubspot.com/marketing/what-is-crm-ht




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