Thursday, May 24, 2007

Is small business CRM really beneficial for a business firm?

Small business CRM is the most sort after word in today’s office environment. One tends to ponder as to the importance of small business CRM in the working of a business firm. Is it really needed or it is an overstated concept.

Small business CRM is a powerful suite of integrated sales, marketing and customer tools delivered online on demand from any place at any given point of time. It further facilitates the management of sales, customer service and marketing tasks in a user-friendly web application technique.

Small business CRM enhances the following functions with minimal time and effort:

  • Collection and analyzing of customer information.

  • Preparation of customer centric reports and documents without duplication.

  • Track record of each individual customer’s present and past relationship with the firm.

  • Automation of sale transactions.

  • Marketing techniques – budgets, advertisement.

  • Forecasting – demand and sales.

Small business CRM is no longer a strategy for a business firm, it has become the strategy in itself. Whether it is essential or not depends on the firm’s perspective to earn profit in the long run as well retain and maintain a credible amount of customer loyalty. It helps streamline the business communication strategies and open new avenues for expanding business with its marketing expertise. Small business CRM is definitely the most sort after business software helping in promoting customer goodwill which is the essence of any business firm.