WHAT ARE MONTHLY MULTIPLIERS
Proxxy is your Executive Multiplier. Our trained professionals save you time, provide strategic counsel, and manage programs to grow your company. Each month we share a proven strategy our Proxxy’s use to multiply a leader’s effectiveness called the “Monthly Multiplier.” We sincerely hope it helps your business grow, inspires you to think differently, or ask for help.
An overview of the most popular customer relationship management systems
The history of the development of customer relationship management systems
Determining the need for a customer relationship management system
Variables that impact your choice of customer relationship management system
Steps for implementing a new customer relationship management system
Case studies on the effective use of customer relationship management systems
Defining Consumer Relationship Management
How do companies use a CRM, and what can it do for them? At a basic level, companies use CRMs to keep track of interactions with customers. A CRM can provide an overview of sales and marketing efforts, which helps inform strategic decisions around prospecting. Many companies use CRMs to maintain existing relationships as well as find and retain new customers. A CRM can help companies sell more products and services by building strong relationships with customers.
There are some essential components that every CRM should include. Most customer relationship management systems include everything a company needs for building strong relationships with its customers. These elements include contact information, communications, purchase history, and lead management. CRMs typically offer analysis techniques so that teams may pull reports and compare goals to results.
The contact management portion has up-to-date information about the customer. This includes the client’s contact information as well as any relevant communications like service calls. A CRM can track all kinds of client data, depending on what is important to the company. For instance, this client data could include: client history, current client preferences, client social media presence, past interactions with a client, client infrastructure details, past sales interactions, and more. Lead management provides the company with a way to track individual customers as they move through the sales pipeline, all the way from prospect to up-selling. Forecasting is another powerful tool available in most CRMs. Managers use this mechanism to help motivate their sales teams.
Ability to Communicate
On the back end, customer relationship management relies on a team’s ability to communicate seamlessly. As a result, many CRMs include instant messaging between employees, file storage, and email and calendar integration. It’s much easier to manage customer relationships if both client-facing and internal communications can happen on the same platform. Synced across a team, and with up to date calendars and contact lists, a robust CRM can have a powerful impact on productivity.
Finally, some CRMs offer segmentation with customized dashboards for different teams. Organizing customer data is one task, but a great CRM must also offer an intuitive and legible presentation of that data. Sales and marketing teams can benefit from segmentation and visually-pleasing data dashboards.
Each customer relationship management system works to accomplish similar goals, but each has unique strengths. Some of these systems work best with companies that are small and aren’t able to allocate a large portion of their budget to their CRM system while others are packed with features that justify their prices. This whitepaper reveals the intricacies of each, so make sure you grab a copy!
Other WHITE PAPERS
Personal Reputation Management
Upcoming White Paper
Join us next month when we dive into a complete guide to personal reputation management.
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