customer relationship management definition

Post on 24-May-2015

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Management Information System

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Customer Relationship Management

CRM systems are used in the same way to manage business contacts, clients, contract wins and sales leads.

•It entails all aspects of interaction that a company has with its customer, whether it is sales or service-related.

CRM enables businesses to:

Understand the CustomerRetain customers through better customer experienceAttract new customerWin new clients and contractsIncrease profitablyDecrease customer management costs

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