CRM

Customer Relationship Management system

A Customer Relationship Management system (CRM) allows companies to manage all of the interactions and evolving data related to prospects or customers. The software is primarily beneficial for sales teams continually accessing the data and actions of their sales processes. 

Moreover, a CRM is particularly advantageous for four departments:  

  • Sales
  • Marketing
  • Project team
  • Customer success 

What are the advantages of a CRM?

CRM increases sales (by up to 29%), improves productivity (by up to 34%) and boosts forecast accuracy (by 40%).

Salesforce

Centralized access to prospects and customers data has several advantages for a company including:

  • Centralization of data
  • Automation of redundant tasks
  • Personalization of campaigns
  • 360° view of contacts
  • Increased team performance
  • Improved customer service

How to use a CRM

A CRM platform contains a dashboard that automatically updates customer and prospect data based on their interactions with company resources, emails and communications including:

  • phone number
  • company
  • occupation
  • time zone
  • products purchased

A CRM is a customizable system that can house numerous integrations. Salesforce, for example, can integrate more than 2500 applications.

There are three main types of CRM: 

  • Operational CRM: The sales process (adding contacts, demonstrations, signatures…) is automated by the software.
  • Analytical CRM: Customer and prospect data is analyzed to provide a detailed account of key information and improve customer service.
  • Collaborative CRM: All collected data is distributed to the teams that are concerned by the information.

Each type of CRM has advantages not only for streamlining the sales process, but also for optimizing the activity of other activities in the company.

Example of different CRM solutions

There are different CRM solutions on the market. Here are some of the top five:

  • Salesforce
  • Microsoft Dynamics 365
  • Hubspot
  • Sage
  • Oracle
Tags:

Sarah C

Sarah oversees all things inbound marketing, exploring the many business uses and topics surrounding digital adoption. Her previous experiences include B2C and product marketing in the social listening space, uncovering emerging industry trends.
User onboarding

User onboarding

User onboarding is the initial introduction and training to a new process or digital tool. It is targeted towards new hires and new software users.

User support

User support

User support is the assistance provided to software users when encountering technical issues or questions regarding the product or service.