Customer relationship management, is an umbrella term for many related sales, marketing, and customer service technologies. They improve the productivity of salespeople, marketers, and customer success managers, and they automate communications between an organization and customers and prospects. Every CRM sub-category is listed below, but some key software that falls under the CRM umbrella include:
CRM software, also known as sales force automation systems improve sales. These tools are what most people think of when discussing “CRM.” These products record interactions between sales and their prospects and report on which prospects are engaged or which are being missed. By automating sales tasks and prioritizing their work, SFA systems can improve salespeople’s productivity and success rates. These solutions can range in scale and price. Smaller teams and companies on a budget should look to the best free CRM solutions to find the best tool for their needs.
Marketing automation products engage potential customers. These suites are designed to help marketers execute, manage, and automate campaigns across the many channels through which prospects experience their brand. Tracking and nurturing prospects, marketing automation can help increase leads for salespeople and convert more prospects to paying customers.
Customer service products improve customer satisfaction. Customer service software helps businesses communicate, identify, and respond to questions or issues raised by customers or provide resources to set customers up for success. Customer service technologies improve customer retention and the value of customer relationships.
All-in-one CRM products combine less robust versions of the technologies above for small and mid-sized companies. For organizations that don’t need complex or customizable sales or marketing solutions, these tools provide that functionality at a lower, bundled price and in one product used across the sales, marketing, and customer success teams. Suite products provided by companies like Salesforce, Oracle, and Zoho are not considered all-in-one CRMs because their modules are developed and sold as separate, standalone products. All-in-one CRMs develop prospective relationships, log sales activities, and address customer needs, managing the customer-vendor relationship in one product.
Dozens of technologies can improve how your organization interacts with the outside world, depending on your size, industry, and sales or marketing strategies. All these categories of software comprise CRM technology, and each of them is listed below.
Analytics software includes tools for measuring the performance of digital content. Analytical tools can be used to convert business data into reports, dashboards, and other visualizations. Businesses benefit from analytical software by tracking user behavior and identifying poor performing content. With analytical software business can collect information for optimizing websites and mobile applications. Analytical tools are often offered within larger content management suites.
Artificial intelligence (AI) has gradually been making its way into business software and will continue to for the foreseeable future. These intelligent applications have incorporated machine and deep learning algorithms into their everyday functionality to better automate tasks for the user. Automating these processes saves the user time and energy, makes their job simpler, and allows employees to work more efficiently and productively. While there are some that believe AI is out to replace their jobs, they will be pleasantly surprised that, in most cases, this is a false assumption. Instead, the application of AI will simply make their jobs easier. For the developers interested in building their own intelligent applications, the AI platforms, machine learning algorithms, and deep learning libraries and frameworks used to create such functionality are found in the following subcategories:
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