Customer Relationship Management, mostly known as CRM software is an essential need for companies and business organizations. CRM software is beneficial to manage leads and customer systematically. The manual management of data of clients is not a simple task if the organization is large. Also it is not secure and mainly processing the data is time consuming.
Customers are the valuable assets of the company so is their data. CRM provides secure data storing as well as fast access to any information required.
India's service industry is in high demand in both, domestica and international markets. Consumers are demanding better service for their purchases and customer service or support is also considered necessary. Need of CRM has also increased in India to meet the growing demands of manufacturing and service based industries.
Indians have realized the importance of better customer service and this has resulted in better business processes inculcated with customer strategies. CRM is still in the infant stage here, although there is evidence that it will soon be a full fledged thriving industry. Overall India has warmed up to the idea that CRM is crucial to business success and that it needs to be implemented in order to harness customer retention and loyalty.
The CRM industry is growing at an annual rate of 30-40 percent. India will have an enormous impact as suppliers and consumers pumo up their businesses in the growing markets. One cannot deny the possibility that there are going to be more CRM solutions designed for small businesses in the next few years.