What is CRM?

CRM stands for “Customer Relationship Management” which roughly translates to customer relationship management. It can be understood simply that the business manages the interaction and care activities with its customers to form loyal customer relationships in the business.

Why does CRM become a concern of businesses?

What is Customer Relationship Management or CRM? CRM is a customer relationship management software, a business strategy that businesses use to reduce costs and increase profits by reinforcing customer satisfaction, loyalty. The truth is that CRM brings together information from all data sources within an organization (and sometimes appropriate from outside the organization) to give managers (CEOs) a fresh and directional perspective. new based on analytical data. This allows customer-facing staff in areas such as sales, customer support, and marketing to make quick and informed decisions on everything from a “Cross-selling and upselling” opportunities to target marketing strategies for the purpose of creating competitive positioning tactics.

What is CRM???

How CRM is closely related to the following objects:

1. Customer: is a general consumer of goods and has the ability to choose products for their own consumption and at the same time choose different suppliers.

2. Business relationships: are the activities of the company with partners or customers to perform reciprocal transactions. Through the interactive process, help the seller understand customer requirements, evaluate price to be potential customers. Helps increase sales and exchange opportunities, thereby forming stronger business relationships.

3. Manager: Activity of an enterprise to interact with customers on purpose. These interactions are formed into large modules that help capture and solve customer needs. Customers are the center, all activities of the company are built towards that subject.

What is the true essence of CRM?

Considered as a strategic software used to learn more about customer needs and behavior in order to develop stronger relationships with its customers. After all, good customer relationships are central to business success. CRM is essentially a technology product, but thinking about CRM as just a technology product is a mistake. CRM results as a process of storing and using numerous pieces of information about customers, sales, responsive marketing, performance, and market trends.

“If customer relationships are the heart of business success, then CRM is the valve that pumps the lifeblood of a company.” As such, CRM is best suited to help businesses use people, processes, and technology to gain insight into customer behaviors and values. This insight enables improved customer service, increased call center efficiency, improved sales services, streamlined sales, marketing processes, improved customer profiles and targeted, reduced costs, increased customer market share and overall profits.

To summarize some of the benefits of CRM for businesses:

• Increase revenue, save costs and work processing time
• Eliminate inefficiencies in business processes
• Store customer insights centrally, consistently
• Enhance customer experience
• Strong support for marketing campaigns
• Chăm sóc khách hàng hiệu quả hơn, không bỏ quên khách hàng
• Xem thêm: 10 most practical benefits of CRM software for businesses

This sounds like a panacea, but CRM is not without its challenges. For CRM to be truly effective, an organization must convince its employees that change is good and that the CRM will benefit them. It then has to analyze its business processes to decide if it needs to be restructured and to orient its long-term business strategy. Finally, a group of executives must carefully discuss the choice of technology to automate what needs to be automated. This process, depending on the company’s capabilities and the amount of data, can take anywhere from a few weeks to a year or more.

Although some companies are using CRM-only web-based technologies for hundreds of dollars per month per user, large companies can spend millions to purchase, install, and customize the tools. technology needed to support its CRM initiatives. By now readers have understood what is CRM? and the benefits of CRM for your business. Do not hesitate any longer, contact us Techzen so that we can explain in detail to you as well as advise on the right customer management software for your business.