Customer Relationship Management (CRM)
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?
Customer Relationship Management (CRM) FAQs
What is Customer Relationship Management?
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.
What is a CRM used for?
Brands use CRM tools like Salesforce 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.
What are the key features of a CRM system?
Key features of a CRM system include contact management, sales tracking, lead management, customer support and service, marketing automation, reporting and analytics, and integration with other business tools.