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
