What is a Customer Relationship Management system?
CRM systems are designed to help businesses collate, store, and analyse customer data to improve communications, retention rates, and sales growth.
Customer communication is all-too-often hindered by information scattered across several disparate locations. Without a single customer profile showing contact preferences, order history, and recent contact, businesses struggle to maintain adequate levels of customer satisfaction and miss out on potential revenue.
To combat this, CRMs compile customer data from all touchpoints, including social media, email communications, and website data, providing a centralised overview of each customer. This centralised database not only empowers businesses to better manage their customer relationships, but they can analyse the data to tap into target audience insights and drive marketing campaigns.