“In a downturn, CRM should not be viewed as a discretionary initiative; it is now an operational and financial imperative for all SMEs” says Fusion Software.
CRM has clearly demonstrated its ability to provide immediate value.
It’s common for sales teams to resist using a CRM solution. In fact, some sales representatives believe that the primary purpose of CRM is to enhance sales management functions such as performance reporting and forecasting, and that it does little to make the day-to-day activities of the sales team easier and more effective. Others may perceive CRM to be too complicated, and fear that the solution will add a new layer of complexity to their jobs. However CRM has clearly demonstrated its ability to provide immediate value to the sales team by improving their ability to sell, and significantly increasing their success rates. In fact, many surveys found that almost 72% of firms surveyed indicated that their CRM solution was having a positive effect on sales team performance. A CRM solution can benefit the members of your sales team in five key ways:
-
CRM Solutions Increase Sales Team Productivity
Almost every sales team is burdened with numerous routine, cumbersome, manual procedures that can disrupt sales cycles and interfere with actual selling time. A CRM solution can streamline and automate pricing, order processing, and other administrative tasks, so reps can focus their efforts on those activities that directly impact revenues and profits, and spend more time working with potential customers.
-
Stronger Customer Relationships
A CRM solution can provide highly-interactive analytical tools that empower a sales team with valuable, timely, and accurate insight into buyer interests and needs. This allows reps to have better, more productive conversations with their prospects so they can build stronger, more personalized relationships with buyers – which can help shorten sales cycles, increase the number of deals closed, and boost revenue-per-sale.
-
Access to Best Practices
With a CRM solution, a company can identify the activities that are most likely to result in sales success, and use that knowledge to implement and share a best practices methodology across their entire sales team. Sales reps can gain insight into proven processes, and receive step-by-step guidance throughout the sales cycle. So, new members of the sales team can get up-to-speed faster, and more seasoned reps have the tools and intelligence they need to close more deals.
-
CRM Solutions Enhance Communication
CRM solutions can help close the communication loop between the sales team and sales management, as well as the support teams who will service the customer after the deal is closed. This ability to share critical, time-sensitive information about a sale in progress (for example, a rep may need to request approval from a manager before they can offer a discount to a prospective buyer) can help make the entire end-to-end sales cycle more efficient, and help the sales team close deals – and earn their commissions – faster.
-
Reduced Costs
A CRM solution can reduce sales costs by increasing the accuracy and effectiveness of related processes. For example, when the dollar value and product mix of deals are forecasted more precisely, inventory costs can be dramatically reduced.
Additionally a CRM solution can minimize order errors, saving the sales team significant amounts of time by reducing the need to re-process incorrect orders, and eliminating the costs associated with replacing incorrect items that have been shipped to customers.
For more information contact Fusion Software or visit theirwebsite.
