Customer Relationship Management or CRM is the process used for managing interactions that take place between the customer and the company. The job of marketing, sales, technical support and customer services provided to both existing and new customers are taken care of by this process. Technology is used to organize and coordinate the above services provided to the customer. In other words, the management is totally oriented towards the feedback, response and inputs from the customer related to their requirements. The technology that is used for this type of management include software solutions that facilitate sales, takes care of unforeseen requirements, tracks customers needs and many more metrics that are related to every customer’s behavior.
Customer relationship management is highly essential to keep complaints down and the sales to customers up. This system of managing customer relations is directly related to customer satisfaction. The high amount of customer satisfaction will invariably result in lesser number of complaints and disputes. The advantages of crm solutions are threefold. The first advantage is that the solution can be used to customize the services and products that are offered to different customers. The second advantage is that the solution enables the businesses to process customer orders and requirements on time by analyzing the accounts of existing customers.
Thirdly the whole interaction process of initiating relations with customers, maintaining them for some period and then terminating the relationship becomes smooth with the help of this solution. The crm application helps businesses to complete all these tasks without any hassle whatsoever. Various types of businesses use this solution in their day-to-day activities. Business houses interacting with other business houses, call centers interacting with businesses and customers, Social Media Networks like Facebook, Twitter, Linkedin and others all use this solution to operate smoothly. There are many other uses of this solution which comes in the garb of different names but performs in the same way.
Some of the different varieties of application of this solution occur in the fields of facility management, legal business, real estate business and sales and marketing. The business of facility management is becoming more and more challenging day by day as completion among rivals is picking up. The business has a large number of variables like suppliers, contractors, technologies, equipment, sub-contractors and other variables that can lead to cost overruns if not managed properly. The solution allows to keep track of all the variables involved and retains a control over the cost incurred for each variable.
Similar is the case with legal matters. There are a large number of variables that have to be dealt with by lawyers, attorneys and the staff of law firms. The solution helps to keep a firm control over appointments, hearings, forms, files, and events so that the hectic life of all concerned is made easy. In real estate, the solution can make the processes of buying and selling properties, handling various customers and other activities become as smooth as a cakewalk. The great advantage that the solution provides for sales and marketing is unthinkable. You can keep a track on each bit of information that you think would influence the marketing and sales strategy of your business and take proper action when the time comes.
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