20 Considerations for the Future of CRM

20 Considerations for the Future of CRM

As TopLine Results celebrates 25 years in business, offering technology and tools for building valuable relationships, we ask ourselves, what will the future of CRM look like? We considered this from several business perspectives: strategy, process, data, and people.

 

Strategy

  1. Revenue and Success Impact: Companies with well-developed CRMs will keep an ever-growing edge, impacting their revenue and success significantly more than their competitors.
  2. Transformation of Salesperson Role: CRM will assist in transforming salespeople into strategic consultants, making them more effective at nurturing and retaining customers.
  3. Enterprise Relationship Platform: CRM will evolve from "Customer Relationship Management" to an "Enterprise Relationship Platform." We can already see this today. Microsoft uses terminology like Customer Engagement for Sales, and Zoho is launching an expanded CRM platform called "CRM for Everyone."

 

Process

  1. Simplicity and Customization: Future CRMs will be more straightforward and customizable, stripping away unnecessary features and focusing on essential functions, such as auto-deduplication and data enrichment.
  2. Lead and Marketing Integration: CRM will track all marketing lead sources, creating smart lists of ideal customers and integrating seamlessly with marketing platforms.
  3. AI and Automation: AI will summarize personal conversations, suggest opportunities, automate responses, and schedule activities, enhancing sales efficiency.
  4. Service Company Flow: For service companies, CRM will facilitate the flow from sales to project management, providing key summarized information and progress analytics.
  5. Sophisticated Quotes and Proposals: CRM will allow the creation of highly customized quotes and proposals with minimal salesperson input, tracking customer engagement.

 

Data

  1. Rich Data Sources: Information will come from various sources, including social media, websites, and databases, providing richer profiles and more comprehensive data.
  2. Generative Content: Users will communicate more quickly with customers and prospects using generative content creation tools.
  3. Predictive Analytics: Enhanced analytics will predict customer buying patterns and provide personalized forecasts, supporting cross-selling and referral relationships.
  4. Integration with ERP: Quotes and orders will integrate seamlessly with ERP systems, minimizing double entry and expediting administrative tasks.
  5. Learning and Evolution: CRM will evolve by learning from past data and improving its suggestions and strategies.
  6. Real-time Forecasting: CRM will provide accurate, real-time forecasting for workload and resources, integrating with manufacturing MRP systems for planning.

 

People

  1. Non-replaceable Elements: CRM will not replace salespersons' hard work, personal connections with customers, or negotiation processes, but it will enhance and intensify their value. CRM also creates a unique opportunity for digital marketers to align their efforts between marketing and sales within a unified interface.
  2. User Empowerment: The future CRM will empower salespersons rather than burden them, acting as a tool that supports rather than consumes time and effort.
  3. Guidance and Automation: It will provide coaching guidance, suggesting and automating tasks to help salespersons through the sales and customer service processes.
  4. Engagement and Visualization: CRM will be engaging, help users visualize progress, and even use gamified engagement in a competitive manner.
  5. Behavioral Influence: It will foster emotions and a desire to achieve excellence, leading to incremental behavior changes and enhanced communication.

These points outline a vision of the future CRM as a powerful, user-friendly tool that enhances the capabilities of salespeople and knowledge-based workers. CRM will integrate deeply with various data sources and business processes affecting everyone.

Take the first step towards this future now – invest in a CRM solution and a partner that will evolve with your needs and help reach the full potential of your team. Call TopLine Results for expert guidance, implementation, and training, along with a passion for sales + marketing + technology alignment—our details: contact us here or 1-800-880-1960 or info@toplinesresults.com.


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