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7 Reasons Why CRM Improves the Customer Experience

If you are not using any CRM software, you are making the biggest mistake. Read below to know how CRM helps in enhancing customer experience:

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7 Reasons Why CRM Improves the Customer Experience


Undoubtedly, the drastic boom of digitization has given birth to a new breed of engaged and informed customers. Today, price is no longer a reason for customers to approach you. Instead, customer experience is the key thing around which everything revolves.

Yes, these tech-savvy customers want to gain impeccable experience from a brand before becoming loyal to it. Fortunately, we are gifted with technology to serve these modern-day customers. One such technology is CRM software. Besides being a great tool, this data management platform helps in understanding consumer behaviour.

If you are not using any CRM software, you are making the biggest mistake. Read below to know how CRM helps in enhancing customer experience:

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Also Read: How to Pick the Right CRM Software for Your Business?

1- Staying Connected

In these days of immense competition, every brand is struggling to stay connected with customers. But, finding the right consumer information is critical. Thankfully, CRM  resolves this issue and provides in-depth detail about customer information. Besides this, it also tells us about the means of communication which our customers regularly use.

This helps in connecting with the customers through the right means. Furthermore, customers are becoming more demanding than ever. Personalization has now become mandatory for every brand. CRM also lets us segment the customers and send personalized messages to each group.

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2- Extracting Social Media Issues

Today, almost every customer head towards social media for customer service. Handling a huge chunk of customers with multiple issues is not easy. However, CRM helps you in extracting the information from multiple social media accounts. In this way, you get to know the pattern of issues. It helps in resolving the root cause of the issue and improving the overall quality of the business.

For instance, you have a real estate business. Now, you are getting regular queries regarding website downtime and poor customer service. Since you are using the best real estate CRM, you got to know that almost 90% of the customers are complaining about the same issue. This helped you in looking at the main cause. After delivering the message to the website maintenance team, the issue was resolved.

Also Read: How to Start a Real Estate Startup?

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3- Instant Response to Customer Requests

In this fast-paced business world, customers expect to get a response at the very next second. Delays in response leave a negative impact and increase the chances of lowering down the retention rate. CRM systems help in this regard by maintaining a centralized platform for all customer data. Therefore, representatives can access the data no matter where they are.

Additionally, it also helps in sending ready-made templates to customers. These templates are designed for some common queries, and the system automatically sends the reply when a question is asked.

Besides this, one template is also designed for showing the first message to the customer who raises an issue. This message confirms that the company has received the query, and it will be resolved shortly.

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In this way, customers get an instant reply and feel satisfied that the brand is concerned for them.

4- Consistent Customer Experience

Since CRM systems help us automate the customer service, customers get a consistent customer experience. It helps in maintaining a similar global image. For instance, your brand has several branches across the world. With the help of a CRM, customers of every branch will receive the same level of customer service.

Consider a scenario in which a customer fills out a form on your website. If you are using a CRM, you can send auto-emails to every consumer filling out these forms. Similarly, such connections can be regularly maintained with the customers. Thus, all of these features of a CRM ensure a consistent customer experience.

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5- Offering Relevant Products

Since CRM is a great tool for maintaining all customer records, it helps in knowing your customers in a better way. An in-depth analysis of this data helps in knowing the likes and dislikes of the customers. Besides this, it helps in understanding what the consumer wants.

For instance, if a customer repeatedly orders the same product, it shows that the product successfully satisfies the customer. However, if another customer orders a different product category every time, this sounds that the customer is always in search of something new. Therefore, sending messages regarding product innovations and product launches is appropriate for this customer.

6- Keeping Up with Customer Needs

Gone are the days when the customer queries were resolved only during fixed office hours. Today, brands prefer to live with their clients. This is only possible if they connect with customers 24/7.

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Mobile CRM makes it possible by giving you access to consumer data even on the go. Thus, you can handle customer queries even after office hours. This eliminates the need to wait for your colleagues to arrive in the office and respond to the customer.

7- Creating Lasting Relationships

Since the business market is highly competitive, brands want to develop lasting relationships with customers. Instead of connecting them through fixed channels, companies study their preferred channel, timings, and source of communication. All this information is gathered through CRM software.

Besides this, CRM also tells us about consumer name, address, contact information, date of birth, etc. This data further strengthens our relationship with customers. For instance, many brands send birthday greetings to customers these days. Besides this, having a list of email addresses help brands in sending wishes on special occasions.

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For showing sympathy and spreading awareness, many brands send a COVID-19 alert message to their consumers.

Also Read: How to start SEO business in 8 steps?

Wrapping It Up

In short, CRM plays a key role in enhancing the customer experience. To strive in this competitive business arena, running a business without CRM looks impossible. Since CRM provides numerous benefits to businesses, it works as a backbone for future growth. It helps in staying connected with consumers, developing lasting relations, responding instantly, and offering the right products. Besides this, it assists in extracting information through social media accounts and giving a consistent customer experience. Thus, if the right CRM is used in the right way, achieving business efficiency will not be difficult.

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Business

Geopolitical concerns weigh as Sensex drops over 300 points

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Sensex down more than 300 points as geopolitical concerns weigh

Mumbai, April 16 (IANS) – The BSE Sensex is facing a significant dip of over 300 points on Tuesday amid ongoing geopolitical tensions, with the index currently at 73,040 points and down by 358 points. The market is apprehensive about the possibility of Sensex falling below the crucial 73K mark if the trend continues.

IT and financial sectors are witnessing a downtrend, with major players like Infosys, Bajaj Finserv, Indusind Bank, Ultratech Cement, and L&T experiencing a decline of more than 1 per cent. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, highlighted that economic and geopolitical concerns are likely to exert pressure on the markets in the short run.

According to Vijayakumar, the rise in US bond yields poses a threat as it diminishes the likelihood of rate cuts by the Federal Reserve this year. The surge in bond yields has a negative impact on high-risk assets such as equities, potentially leading to an increase in Foreign Institutional Investor (FII) selling in emerging markets like India.

Elaborating on the geopolitical aspect, Vijayakumar pointed out, “The market is more concerned about the geopolitical issue. Israel military chief’s statement that ‘there will be a response to Iran’s attack on Israel’ has increased the probability of escalation of tensions in the Middle East. This is likely to keep the markets weak in the near-term.”

In light of the current market scenario, investors are advised to closely monitor developments while considering accumulating high-quality large-cap stocks on corrections. Vijayakumar suggested that corrections in the market will make valuations of large-caps more reasonable, particularly in sectors like banking, IT, autos, capital goods, oil & gas, and cement. Additionally, with metal prices showing stability, metal stocks are expected to exhibit resilience in the market.

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Business

Realme P1 Pro 5G Review: A Top Performer in Display and Performance for just Rs 19,999

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Reviewing realme P1 Pro 5G: Best player in display & performance starting from Rs 19,999

New Delhi, April 16 (IANS) realme has launched the realme P series 5G, starting with the realme P1 Pro 5G under Rs 20,000. The device features a stunning display, powerful performance, and impressive camera capabilities. Let’s delve into the detailed review to see if it’s worth the investment.

The realme P1 Pro 5G sports a vibrant 6.7-inch FHD+ Curved AMOLED display with a refresh rate of up to 120Hz, enhancing the viewing experience. It also offers TÜV Rheinland Strobe-free Certification for visual comfort in dimly-lit environments.

Powered by the Snapdragon 6 Gen 1 5G Chipset, the device boasts an 8-core 64-bit architecture for potent performance and lower power consumption. The phone comes with 8GB RAM+128GB ROM or 8GB RAM+256GB ROM and runs on realme UI 5.0 based on Android 14.

With a versatile camera setup including a 50 MP Sony LYT primary camera and an 8MP ultra-wide camera, the realme P1 Pro 5G captures stunning details. The device also features a 16 MP selfie camera for crisp and clear selfies, making it a great choice for photography enthusiasts.

The sleek and ergonomic design of the realme P1 Pro 5G is inspired by Bird Culture Phoenix Design, offering a sophisticated look. The phone is lightweight at 184 grams, with a 93% screen-to-body ratio and IP65 water and dust resistance.

Equipped with a 5000 mAh battery and 45W SUPERVOOC charger, the device ensures robust battery life and quick charging. Fully charge the phone in just 67 minutes or reach 50% charge in 30 minutes, minimizing downtime.

In conclusion, the realme P1 Pro 5G redefines the mid-tier smartphone experience with its impressive display, powerful performance, and excellent camera capabilities. Whether you’re a power user or a casual user, this device offers a compelling option in the competitive market, elevating the mid-range smartphone experience.

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Business

ProcMart, a B2B marketplace, secures funding of Rs 250 crore led by Fundamentum and Edelweiss Discovery Fund

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B2B marketplace ProcMart raises Rs 250 cr led by Fundamentum,
Edelweiss Discovery Fund

ProcMart, an online B2B marketplace, has successfully raised $30 million in its Series B funding round led by Nandan Nilekani and Sanjeev Aggarwal’s VC fund. The capital will be used for strategic acquisitions, expanding distribution network, and strengthening global operations in Southeast Asia.

Founded in 2015 by Anish Popli, ProcMart aims to revolutionize the Indian MRO industry by focusing on centralised procurement and optimizing non-core expenditures. The company’s credibility and infrastructure position it well to take advantage of the market opportunity.

The funding round also saw participation from Paramark Ventures, in addition to existing investors Sixth Sense Ventures and IndiaMART. The capital will be utilized for talent acquisition, technology development, and expanding operations in new regions in India and globally.

Fundamentum, one of the lead investors, was impressed by ProcMart’s consistent growth and profitability over the last 3 years. Ashish Agarwal of Edelweiss Discovery Fund highlighted ProcMart’s excellent service capabilities and partnership potential.

With a presence in 20 cities in India and operations in Malaysia and Indonesia, ProcMart continues to expand its reach and services. The company’s focus on fundamentals and profitability has attracted strong backing from investors, paving the way for future growth and success.

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