A Guide to Customer Relationship Management

A common way of carrying out a CRM system is by logging details from every email, phone call, and face-to-face meeting with the customer in the CRM software so that the entire team can review these notes before the next call and interaction. This can be product feedback of what they like or dislike or even need in the future from the product that can be used to mesh with other customers. 

What is its Importance?

A CRM system, for many businesses, is considered to be an essential part of ensuring long-term success and connections with customers. At its core, a CRM system collects customer information to be captured in one database where all information would live and be the source of truth. Some customer data essential to a CRM system are customers’:

• Personal details
• Buying habits
• Past purchases 
• Interactions with the company
• Place or platform of purchase

This is important so that you don’t have different sales, customer success, and customer engagement staff duplicating each other’s work and misunderstanding each other on important talking points. Such situations end up giving the customer a bad experience as you are not understanding each other.

For example, if you didn’t have a CRM, you may end up with a situation wherein one salesperson from your team reaches out to an existing customer alongside another salesperson, but without considering the customer’s profile, needs, and data. In this situation, it is likely the customer will not be interested in your company any longer, or they may feel bothered instead. 

Without a CRM system, you can also potentially lose existing customers. By having a customer database in your CRM system, you can know what items or services to suggest and offer to your customers to address their needs. Similarly, a CRM system can also help predict possible trends in your business based on how your customers’ needs and wants are changing, and how your company responds to them. 

With a digital solution, CRM systems become more powerful as it allows users to access all the necessary data in one place in real time, as well as analyze them. Not only do you avoid work, but with the help of a digital tool, you can also better store your data for longer periods, ensuring nothing is lost in paperwork or mishandling. 

Customer Relationship Management System Types 

There are many different types of CRM systems. These can be homegrown with Access and Excel products to enterprise tools that are robust and built for a purpose, such as Salesforce. You can also integrate all these software into one platform, such as SafetyCulture (formerly iAuditor), for easier access and management. Finding what works for your business, your budget, and your customer base is key to the success of your CRM. 

The most common types of CRM systems that work for many are the following:

• Collaborative — Where customer data is centralized in one place so marketing professionals and the sales team can access it together and collaborate 
• Operational — Where the act of consolidating customer data is automated with computers and applications to give marketing professionals and salespeople more time to improve their connections with customers
• Analytical — Where customer information comes from a variety of sources to view and understand patterns that may help improve customer satisfaction and relations, as well as create new products, predict trends, and future budgeting plans

Creating and Managing a CRM System with a Digital Auditing Tool