Acquiring new customers and keeping existing customers happy is critically important to the success of any business. After all, your customers are your lifeblood. That’s why it’s essential to have an effective way to track and manage all sales, marketing and support activities.
Believe it or not, many businesses still manage customer information the old fashioned way – by using spreadsheets, notepads or a Rolodex. Without an organized method of managing this information, account data can be lost, leads can dry up, and support issues can fester until customers simply give up and find a new vendor.
Fortunately, there is an easy way to track and manage all that information using Customer Relationship Management (CRM) software. CRM software comes in all shapes and sizes. There are server-based and hosted versions, and packages tailored for smaller or larger businesses.
Regardless of the system, a CRM application should include features that help sales professionals identify opportunities, win new deals and more effectively manage existing accounts. It should give marketing professionals the tools they need to track and manage databases, and analyze campaign results. Finally, it should allow you to manage customer service concerns and improve overall communication within your organization.

With a CRM system in place, you can begin to improve sales performance, account management and customer service in the following ways:
1. Sales Force Automation
CRM systems make it easier for sales professionals to identify potential opportunities and win new deals. Representatives can more effectively manage their contacts, accounts, pipelines, and related activities. Additionally, sales directors can generate accurate and timely forecasts, and manage quota performance across teams and territories.
Many CRM systems also offer mobile capabilities to provide remote sales staff with anytime, anywhere access to customer data via laptops, smart phones and other handheld devices.
2. Marketing Automation
With CRM systems, companies have the insight they need to put more successful lead generation strategies into place.
CRM systems enable marketing professionals to effectively track and manage prospect databases, organize and launch initiatives across multiple communication channels, and conduct in-depth analysis of campaign results. This allows them to increase response rates and boost conversions while reducing cost-per-lead.
We’ll return on Monday with the second part of 5 Ways CRM can Generate Leads and Improve Customer Service.