What is CRM software? Salesforce, the company that invented the CRM SaaS industry, says a CRM system is a “platform that connects your different departments, from marketing to sales to customer service.” Zoho defines CRM software as a “software application developed to help organizations build better customer relationships.” 

Subscribe to the B2B Digitized Newsletter 

PC Magazine summarizes CRM software as tools that help you “track contacts and nurture them to build customer loyalty and repeat sales.”

And the business of CRM software continues to grow. Statista forecasts that the customer relationship management software segment will have a 10.96% annual compound annual growth rate (CAGR) over the next five years.

Statista forecasts that the customer relationship management software segment will have a 10.96% annual compound annual growth rate (CAGR) over the next five years.

Learn what CRM software is and why it matters to businesses of all shapes and sizes. 

Subscribe to the B2B Digitized Newsletter 

CRM as People, Processes, and Technology

Customer relationship management (CRM) is the people, processes, and technology a company orchestrates to provide a world-class customer experience (CX) across marketing, sales, and customer success.

CRM as People, Processes, and Technology

CRM software is the operating system (OS) companies use to build more delightful, frictionless customer experiences to benefit their prospects, customers, employees, channel partners, and other stakeholders.

Essential CRM Investments for Healthy Unit Economics and Growth

In a digitally-transformed world where so many industries are pivoting to subscription-based business models, the initial purchase only represents the starting line in long-term recurring revenue.

Essential CRM Investments for Healthy Unit Economics and Growth

CRM has become essential for healthy unit economics and a healthy growth path because of the nature of recurring revenue and the extreme value of digital word of mouth.

Gartner found that 83% of a typical B2B purchase decision -- researching, comparing options, and evaluating pricing -- happens before a potential buyer engages with a vendor. 

Gartner found that 83% of a typical B2B purchase decision -- researching, comparing options, and evaluating pricing -- happens before a potential buyer engages with a vendor. 

In this kind of self-service buyer’s journey, CRM becomes critical to ensure that a company engages with the right people, in the right places, at the right time, and in the right context.

Also, see

How do you define CRM software? And what’s most valuable about CRM to your business? Let me know in the comments section below.

And if you're serious about using CRM technology as a growth platform for your business, enroll now in our free 7-day eCourse: Go-to-Market Strategy 101 for B2B SaaS Startups and Scaleups.

New call-to-action

Subscribe to the B2B Digitized Newsletter 

 

Submit a comment