There are millions of businesses running around all over the globe today. And each faces a tough competition against the rest. Every business demands growth, profit, success, and stability at the same time to survive itself in the industry. All these aspects highly depend on the techniques you are investing upon and how effective are they proving to improve and scale up your business. These techniques comprise of certain essential elements such as technology, manpower, time, capital, business strategies, and other resources which altogether determine the standard and effectiveness of your business in the market. You are good to go with your business provided these elements are taken enough care of and invested efficiently as and when the needs arise.
While all factors that make up a successful business are equally important, technology is one that deeply influences your business operations. Employing different technologies as per your business requirements and upgrading them on a timely basis is as crucial. Investing in such technology helps establish quick and clear communication with customers, efficiency in operations, enhanced security, and preservation of business culture which is desirable for any foundation, small or big. And so are the abilities of Microsoft Dynamics CRM.
CRM provides a stable platform that largely focuses on customer relationships management and continuous business evolution. According to a survey conducted in 2014, 74% of the businesses using CRM agreed to the fact that their CRM solution offered better access to customer data. And the same follows till date. When you integrate a CRM solution in your system, you are more likely to grab growth opportunities and increase revenue by maximizing your business relationships than your peers who do not implement CRM. As per Forbes, CRM software has shown a compound annual growth rate (CAGR) of 15.1% from 2012-2017, while Gartner forecasts that the market will increase to a $36.5 billion worldwide by 2017. CRM substantially offers marketing and Salesforce automation easing out the planning and sales processes in a business venture. CRM is much dynamic, giving you the access to a plenty of pertinent information just a click away. MS Dynamics CRM provides a spectrum of reasons why it is the next big leap and it's time to take one.
1. Centralized Data And Customer Information
Since CRM is customer centric, it allows you to keep a record of all communications and conversations at one place which is helpful to quickly glimpse through the progress made with the client by far. Businesses can capitalize on the advantages of the cloud services offered by MS Dynamics CRM to receive round-the-clock access to your system, automatized backup policies and advanced data recovery plans in case of breach, and reduce maintenance costs. The data stored centrally can be used effectively to analyze past trends, identify areas of improvement, and estimate future growth of business. It aids in taking up necessary measures to track your business well. Based on the stored data, customized charts, tables, and reports can be generated real-time for specific representations for which reports are not available otherwise. Apart from this, CRM is available on all major devices like phones and tablets hence data can also be accessed beyond the office periphery.
2. Automated And Improved Marketing
CRM has added new dimensions to the field of marketing by enhancing the functioning and execution of marketing activities. With integrated e-Marketing tool within CRM software, you can manage campaign workflow that comprises Planning, Production, and Follow-up tasks. You can keep track of communications with customers, and easily fix and maintain the budget for your project or campaign. On the fly accessibility to customer and prospect information proves beneficial to target potentially profitable customers. Frequent conversations and meetings with customers to engage them in the project allow them to have an insight into development activities, thereby, establishing a powerful platform for communication and improve customer satisfaction and brand consistency. Together, these tools help automate and accelerate marketing actions of your business. By aligning marketing and sales automation, CRM can garner maximum revenues for your business.
3. Faster And Increased Sales
Sales representatives say that they have been hugely benefited by using CRM as it has helped reduce a considerable amount to time spent on monitoring sales, sorting through hundreds of email messages and gathering customer information. Rather the same time can productively be utilized in understanding client needs better. CRM provides a centralized portal to the sales team to help them stay on track with all client interactions, ultimately leading to customer retention. Studies by Brainshark's Anne Lamber as well as Forbes Insights reveal that 53% of the businesses have invested in CRM system to boost sales productivity. Through cloud-based CRM functionality, sales representatives can manage tasks, coordinate meetings, and client communication, and observe sales analytics and forecasts instantly from multiple locations. It allows easy sharing of important sales documents and material across the portal permitting concurrent access. The right CRM can aid in developing the necessary leads to maximize the productivity of the sales team.
4. Resilient Security
With such bulky data at stake and available centrally, it is more prone to security breaches and mishandled. Any little or big security breach can cause tremendous loss of vital information of customers, confidential data of business organizations, huge revenues, and trust of customers. Thus, to avoid leaving space for such unwanted break-ins, it becomes an obligation to protect the data using strong security mechanisms and algorithms that are hard to decipher. It is crucial for enterprise customers to learn about security measures being taken up by their vendors to keep their data secure. One way that CRM uses for security is encrypted transmissions. A highly secure connection encrypted through Transport Layer Security (TLS) and Secure Socket Layer (SSL) protocols is established between Dynamics CRM server and point of use. It is apt for today's technically advanced world where there's abundant communication happening over numerous channels and network security is considered crucial. In order to provide physical security, redundant regional data centers are set up at various places to store Dynamics CRM data. So in the case of any problem or hindrance, it won't cause a downtime or data loss. All data centers include functional robust disaster protection and access control policies. Providing user security is equally important so as to not let the user errors manipulate the data. This is accomplished by segregating users on the basis of various categories and lending required rights and privileges specific to their category using a multi-layered tiered approach. This helps in differentiating user roles and identify who can do what and how much. Dynamics CRM also offers proactive monitoring for suspicious behavior. In addition to this feature, Dynamics offers two-level security to access CRM data. Even if the device is logged-in, the user needs to cross another level of security to modify data. Proper and efficient data security ensures customer confidence which should not be compromised.
Wrapping Up!
All through, we observed how CRM proves beneficial to a business irrespective of any industry it belongs to. Overall, with CRM on hand, it becomes easy to connect with customers, grow your business efficiently, discover new insights from business data, do business anywhere, and safeguard your business. CRM helps develop customer-centric business models that promote strategic growth plans by eradicating manual processes, stimulate transparency, reduce costs, and improve the scale of operations. To make your business smarter and facilitate the best customer experience, it's time to switch over to MS Dynamics CRM.
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