Customer relationship management (CRM) is a term that refers to practices, strategies and technologies that companies implement to manage and analyze customer interactions and data throughout the cusotmer life cycle, with the end goal of improving customer service relationships this in turn assists in customer retention and increasing sales growth
CRM systems operate by means of compiling customer data across different entry points or channels -- or touch points of contact between the customer and the company -- which could include the company's website, telephone, live chat, direct mail, marketing materials and social media. CRM systems can also give customer-facing or support staff detailed information on customers' personal information, purchase history, buying preferences and concerns.
At the most basic level, CRM software consolidates customer information and documents into a single CRM database so business users can more easily access and manage it across the entire organisation without having fragmented pieces of data scattered across different departments in multiple versions of documents.
Though the evolution of requirements, CRM's have had to broaden the scope of merely being just a CRM and have added many features to the point where ceratin CRM offerings can now manage the entire organisation. Some of these functions include recording various customer interactions over email, phone, social media or other channels; depending on system capabilities, automating various workflow automation processes, such as tasks, calendars and alerts; and giving managers the ability to track performance and productivity based on information logged within the system.
Cloud-based CRM. With cloud-based CRM -- also known as SaaS (software as a service) or on-demand CRM -- data is stored on an external, remote network that employees can access anytime, anywhere there is an internet connection, sometimes with a third-party service provider overseeing installation and maintenance. The cloud's quick, relatively easy deployment capabilities appeal to companies with limited technological expertise or resources.
Companies might consider cloud CRM as a more cost-effective option. Vendors such as Salesforce charge by the user on a subscription basis and offer the option of monthly or yearly payments. Data security is a primary concern for companies using cloud-based systems, as the company doesn't physically control the storage and maintenance of its data. If the cloud provider goes out of business or is acquired by another company, an enterprise's data can be compromised or lost. Compatibility issues can also arise when data is initially migrated from a company's internal system to the cloud. Finally, cost may be a concern, since paying subscription fees for software can be more costly over time than on-premises models.
Open source CRM. An Open source CRM system make source code available to the public, enabling companies to make alterations at no cost to the company employing the system. Open source CRM systems also enable the addition and customization of data links on social media channels, assisting companies looking to improve social CRM practices.
Open Source CRM platforms such as OroCRM, SuiteCRM and SugarCRM offer alternatives to the proprietary platforms from Salesforce, Microsoft and other vendors.
Adoption of any of these CRM deployment methods depends on a company's business needs, resources and goals, as each has different costs associated with it.
To add value to customer interactions on social media, businesses use various social CRM tools that monitor social media conversations -- from specific mentions of a brand to the frequency of keywords used -- to determine their target audience and which platforms they use. Other tools are designed to analyze social media feedback and address customer queries and issues.
Companies are interested in capturing customer sentiments, such as the likelihood they will recommend products and their overall customer satisfaction, to develop marketing and service strategies. Companies try to integrate social CRM data with other customer data obtained from sales or marketing departments to get a single view of the customer.Another way in which social CRM adds value for companies and customers is through customer communities, where customers post reviews of products and can engage with other customers to troubleshoot issues or research products in real time. Customer communities can provide low-level customer service for certain kinds of problems and reduce the number of contact center calls. Customer communities can also provide new product ideas or feedback that companies can use in lieu of feedback groups.
To put it simply... if you do not use a CRM your business probably owns you, you started a business to be independent, not to be a slave to your very own creation. It's a random guess but your business is being managed by a plethora of different variations of the same Excel spreadsheet residing in different folders across your organisation?. Sound familiar?. You need a CRM.
Let's face it, the monotony and repetition of the daily workflow can become tedious, this often leads to these tasks being sidelined and then forgotten, let the CRM handle these.
Imagine a utopian world of having certain tasks just happening, whether you're in the office or not. We know how unreliable staff can be, so don't leave things to chance.
Stop buying leads, attract and create your own by using your blog, vlog and your website, the CRM seamlessly integrates Contact or Webforms turning traffic into tangible leads.
All your Data in one place... No more scratching around through multiple versions of spreadsheets in different locations, now all your data sits in a single system of truth
Fragmented data is a business and time killer, different versions of the same document spread across an organisation causes monumental issues. Imagine having all the same data in once place, updated in real time and all the time. With a well implemented CRM you will have all the critical information at your disposal at the click of a button or the tap of a touch screen. Have your Sales and Marketing teams out in the field for longer with the mobile Apps for Android and iOS.
Gen-X has chosen the opensource route for obvious reasons (the CRM of choice being VtigerCRM), the most important one is being able to deploy enterpise grade software to SME's at a radically reduced cost at radically reduced turn around times, we're here to show you that smaller businesses have the same tools available to them that the larger monoploised corporates do... without the cheeky price tag.
Automate your entire business process from Sales to delivery through a system of workflows, tasks and calendar functions. not only can this be achieved, it can be achieved with rapid deployment schedules due to the web based interface that is easily customisabel without the need for highly qualified technicians or consultants. This is your CRM so why not make it yours, customise it to your specific industry or the way your company operates. This saves time without having to train your staff in a whole new way of thinking, carry on as you were just much more efficiently. because of the versatile and scalable nature of VtigerCRM we can manipulate the sytem specifically for the South African market, CRM in South Africa is a rapidly growing industry more and more companies seek out more efficient methods to control expenditure.