Glossary

CRM (Customer Relationship Management)

What is a CRM?

A CRM (Customer Relationship Management system) is software that stores and manages every interaction with a lead or customer, their details, stage in the sales pipeline, calls, notes, follow-ups and quotations, so a business has one searchable source of truth instead of information scattered across spreadsheets, notebooks and personal messaging apps.

What a CRM is used for

Four things, in practice: capturing leads from every channel into one place; moving them through defined pipeline stages with an accountable owner; recording every interaction so context survives handoffs and staff turnover; and reporting on conversion so a business can see where deals are actually lost.

Core CRM capabilities

  • Lead management and assignment: one record per lead, routed to an owner automatically
  • Pipeline stages and Kanban visualisation: the shape of the pipeline at a glance
  • Follow-ups and SLA timers: response and re-contact discipline enforced by the system
  • Telephony: click-to-call, call logs, recordings and call analytics
  • Quotations, priced proposals generated from the lead record
  • Reporting, conversion funnel, source analysis, owner and branch analysis

When a CRM alone is not enough

A CRM's boundary is the customer lifecycle. The handoffs at that boundary: a won deal needing an invoice, a new rep needing onboarding and payroll, a customer complaint needing sales history: are where businesses conventionally buy additional tools, which is how a growing company accumulates six to ten disconnected subscriptions. A Business Operating System covers those functions on the same data core.

See it working, not just defined.

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