Customer Relationship Management (CRM)

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Customer relationship management (CRM), or a CRM System, is a combination of strategies, processes, guidelines, and technologies that businesses use to manage interactions with current and potential customers. CRM helps businesses to streamline processes, build stronger customer relationships, increase sales, and improve customer relationships.

Businesses will typically use customer relationship management tools to gather customer interactions and customer data from across all channels in one place. This centralization helps businesses to improve customer experience, satisfaction, retention, and overall service. CRM also helps to streamline sales, marketing efforts, accounting, and management for fast-growing companies. Multiple people can access and edit information held in a CRM tool or platform, which also makes it ideal for collaboration.

What is a CRM System? Customer Relationship Management
Source: GetApp

What is a CRM?

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Customer Relationship Management (CRM)

Customer relationship management refers to the strategies, processes, and technologies that brands use to manage and analyze interactions with current and potential customers. A CRM system helps businesses improve customer relationships, enhance customer service, and drive sales growth.