Benefits of CRM

Lesson 1/21 | Study Time: 5 Min

Benefits of CRM

Benefits of CRM

Organizations benefit from CRM by focusing on customer retention. Once a customer is satisfied with an organization's offerings, they increase their purchases over a period of time. These satisfied customers refer others to the organization. This serves as a positive word of mouth, which can have a very strong impact on an organization's reputation. 

The benefits of CRM can be broadly classified into the following 3 benefits:

a. Marketing benefits

b. Service benefits

c. Benefits to customers