Why do businesses need CRM and what are its benefits?

Sales, marketing, service and commerce teams have never been so closely knitted before. CRM allows this fostering of inter-departmental teams which is crucial for the success of any business. Information and updates from all the teams are stored in a centralized database which makes it easier to share between the teams and work as a single unit. As a result, customers will go through a seamless and consistent customer experience while the business thrives.

As we said before, CRMs are not just for better customer experience. They also enable the automation of monotonous and error-prone tasks and puts them on a speed track. This will also help shift your staff’s focus on other important work. To name a few automation tools: Workflow Rules, Chatbots, Macros, Lead and Case Assignments, Routing, Flows and Follow-up comms.

• Sales Automation: Various CRM Sales automation tools provide features like Workflows to streamline sales processes, Email scheduling, Proposal Reminders to push a sale through to the finish line, Lead Management to manage the influx of leads, automated creation of leads and tasks, CPQ to configure price and quote, Lead forecasting.
• Marketing Automation: CRM Marketing automation tools provide features like Automated Email/Digital/Social media marketing, Marketing cloud intelligence to action on marketing data and KPIs, Account engagement to unite marketing and sales for B2B marketing, Advertising automation, Content Management, Loyalty Management.
• Service Automation: CRM Service automation tools provide features like dedicated console to boost agent productivity, live agent to enable customers chat with a representative through any channel, Knowledge articles which is embedded into the console, Omni Routing enables the automatic routing of cases, leads or other works to the most appropriate and available agent, streamline feedback in one connected system.

CRM platforms are ever evolving and they enable businesses to interact with customers on various channels. To overcome the customer-facing challenges, they integrate with other services through which current and potential leads and customers can engage. For example, Salesforce offers Virtual Remote Assistant which helps the agents walk the customers through the process and Hubspot offers Video integrations Vidyard to send memorable and personalized sales and and marketing videos to track engagement.

Best CRMs offer you the tools necessary to build reports and dashboards and report on the metrics and KPIs that matter the most to the business. With all the data that is pulled in by CRM, it doesn’t make sense if you can’t analyze it and fetch insights, does it? These insights can help a business identify the key areas of impact and make data-driven decisions, identify areas of opportunity and growth and create better customer experiences. From a customer's point of view, this data can give them personalized preferences as well as give them a nudge to decide whether or not to go with the purchase.

Because of a pool of automation tools CRM provides, routine tasks are expedited and handled automatically which frees up agents’ time who can utilize this time to attend to other tasks. This makes sure that there won’t be any errors in handling those tasks. Businesses can deeply understand the needs of their customers, purchase patterns using a process that is more streamlined and automated like Workflows. This will also help in optimizing the human resources more efficiently. Join hands with 0101 and unleash all these benefits that a CRM offers. We would realize it for your business, for you.