March 20, 2019
Why Consider Enterprise CRM for Your Business.
At a time of deep uncertainty and tech disruption, businesses are struggling harder than ever to retain customers and keep things under control. We are going to highlight the key points of why a CRM system is one of the most relevant means to do just that. Below, our experts will explain further why an Enterprise CRM is vital for maintaining solid relationships with the customers and drives business results.
According to Gartner, Customer Relationship Management (CRM) software is the most rapidly developing software market, with expected revenues of over $80 billion by 2025.
Omitting cliches, we will jump right into the core attributes of CRM or Customer Relationship Management systems. Mature quality of customer engagement, workflow efficiency paired with improved safety, and automated digital operations are the key identifiers standing behind enterprise CRM adoption for a variety of verticals.
It is used as a database suite and a tool for optimizing sales cycles and marketing strategies, improved upselling as well as leveraging all of the voluminous customer-related data in order to streamline operations and cross-organizational tasks.
We have gone through some of the most reputable listings to get better insights into the CRM system’s popularity and its rate of adaptability. Different industries and businesses advocate for different Enterprise CRMs most suitable to their needs. Here are some of the main line tendencies:
According to G2Crowd, a rating on user satisfaction, the list of the most popular enterprise CRMs are topped by Salesforce CRM, Microsoft Dynamics 365 for Sales (formerly Dynamics CRM), HubSpot CRM, Zoho CRM, and Pipedrive.
Software AdviceTM, a Gartner company, an online platform for businesses navigating the software selection process, points out that some of the most popular are Salesforce CRM and HubSpot CRM, according to expert recommendations.
FinancesOnline, the independent review platform for B2B, SaaS and financial solutions, displays HubSpot CRM, Salesforce CRM, Freshsales, Pipedrive, and Zoho CRM as the most popular enterprise CRMs.
Ideally, enterprise CRM solutions, that are specifically built for bigger organizations operating with multi-layered data volumes, are the ones with the highest user adoption. These typically need a robust workflow inside a complex company structure and scaled automation. The CRM offerings are huge, but as our clients often note, going for the perfect CRM for the organization is about choosing, for the most part, the right features and capabilities for your business needs.
Functionality is the very first thing any CRM system is appreciated for. Keeping in mind that the enterprise CRM is a cross-organizational tool for sales, marketing, IT, consultants, field workers, management, etc., these should include case management features, workflow tracking, performance management, sales force and marketing automation, Business Intelligence and analytics, mobile CRM, and also role-based views, etc.
Integrations are the next mandatory aspect of the enterprise CRM. They can centralize the tools for your CRM to scale the functionalities and to optimize the system for better user experience. Among the basics, our clients indicate Cloud integration (though the majority of providers are already SaaS), integration options with office products like phone, calendar, email, and also marketing automation, social media, ERP, and mobile integrations.
Security is an actionable investment in CRM, as data security equals customer experience. Safeguarding businesses and their customers are what really matters for the modern market ecosystem, as it is not merely about privacy, but rather about the trust that impacts the businesses bottom line. Enterprise CRMs provide advanced security options, automatic back up, authentication mechanisms, configurable access permissions and compliance tools to enforce advanced control.
Usability is another big thing to consider when opting for a CRM. The aim of the system is to make business interactions quicker and easier. So, it all depends on the level of the team’s technical proficiency and training needs, but also having user-friendly and comfortable navigation might be a worthy choice. By all means, a good CRM is a tool for not merely entering the data but more so of acting upon it. That’s why every user or admin of the CRM will appreciate consistency, simplicity, speed, and minimum disruption, no matter whether it’s a drag and drop navigation or a colorful heavy-coded dashboard.
Innovations adoption is another leading indicator for choosing the enterprise CRM. Artificial intelligence (AI), machine learning and predictive technologies influence CRM functional areas by driving data-driven clarity within sales cycles, optimizing CPQ to deliver connected products, and streamline customer service.
Costs of the CRM adoption is a manifold subject. It’s important to point out that enterprise CRM, in most cases, is a weighty investment. The CRM prices vary depending on provider’s policies. Due to comprehensive enterprise deployment, customizations, upgrades, and support, the bill numbers might be quite high. But, as our clients often note, only the companies that scale, can really be successful and bring ROI. So, it’s a matter of choosing the right price vs value ratio when going for CRM.
All those popular and mature CRMs are designed with the customer experience in mind. It’s hardly possible to identify the best or the worst customer relationship management system per se, though. There are well-tailored CRMs that fit to your business needs, and there are seasoned integration and expert implementation partners that help you make the most out of the system. After all, it’s all about the system that comfortably complements your activities, stimulates your team’s productivity and maximizes the interaction with the customers
Still considering CRM for your enterprise? CoreValue can help you get measurable business outcomes with CRM development and implementation services.