What is CRM software?

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CRM software refers to computerized solutions and applications in the field of CRM or Customer Relationship Management. A CRM software basically collects data about customers from various sources in a given company or enterprise and interprets them electronically to help companies improve their services towards these customers. The same CRM software may also be used to help companies increase their sales targets by looking at existing customer data in terms of purchases, website visits or views.

Many companies on the enterprise level can benefit from implementing CRM software for sales and service goals. One great thing about CRM software solutions is that it can be customized according to the company’s needs. Data may also be sourced from a variety of sources including customer purchases online and on actual stores. Customer behavior may also be tracked in terms of the phone inquiries they make, the products they frequently view on the company’s websites, and the other things they do online. All these information are consolidated through the CRM software and the company will basically have an instant summary about the sales and service experience of a certain customer. A purchase record from a company’s accounting department for example is collected along with the same customer’s inquiries via the call center. These bits of information are essential in terms of improving customer relations and possibly product sales.

With the information provided by CRM software, companies can then create adjustments in the various departments involved with customers in order to improve their service. In the same way, sales goals may also be aligned with existing customer purchase and behavior data provided by CRM software. Marketing efforts for example can be targeted to the correct customer base or demographic with the right data provided by CRM software. The main advantage of CRM software is that customer-related data is made available real time enabling companies to respond to their customers instantly.