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Introduction

Customer relationship management (CRM) is a term that refers to practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle, with the goal of improving business relationships with customers, assisting in customer retention and driving sales growth. CRM systems are designed to compile information on customers across different channels -- or points of contact between the customer and the company -- which could include the company's website, telephone, live chat, direct mail, marketing materials and social media. CRM systems can also give customer-facing staff detailed information on customers' personal information, purchase history, buying preferences and concerns.

The CRM software consolidates customer information into a CRM database so business users can more easily access and manage it. The other main functions of this software include using contact notes to record various customer interactions (over email, phone calls, social media or other communication channels), and automating various workflow processes such as tasks, alerts and reminders, and giving users the ability to track performance and productivity based on information logged within the system.

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