Customer Relationship Management Proposal

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Customer Relationship Management Proposal for Transworld Systems Deena Lampe Devry University Abstract Customer Relationship Management (CRM) may mean different things to different entities. Some companies may perceive CRM as a term used to describe a set of information technology applications for automating customer interaction within their company. Other companies perceive CRM as an organizational desire to be more customer-focused. This paper will examine the strategy for managing interactions with clients and sales prospects, to organize and automate sales activities, and to attract and win new clients for Transworld Systems. This paper will discuss the advantages of using customer relationship management technology for this purpose. This paper will illustrate how Transworld Systems can nurture and retain clients and reduce the costs of marketing and client services by researching available options to accomplish this task. In conclusion, this paper will make recommendations to assist Transworld Systems in meeting their strategic goals for increasing their profitability through client services, marketing, and customer service. Customer Relationship Management Proposal for Transworld Systems Definition of Customer relationship management (CRM). Customer relationship management (CRM) is an information industry term for methodologies, software, and usually internet capabilities that help a company manage customer relationships in an organized manner. For example, a company might build a database about its customers which describe relationships in detail so that management, salespeople, service providers, and possibly customers directly could access information, match customer needs with product offerings, remind customers of service requirements, and know what products a customer has historically purchased, etc. (unknown, 2011, February 10).

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