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customer relationship management

information system
Also known as: CRM

Quick Summary

Customer Relationship Management (CRM) is a type of information system designed to manage a company's interactions with current and potential customers. It provides a unified view of each customer, enabling consistent and proactive relationship management across marketing, sales, service, and product development.1

CRM systems help businesses streamline sales processes, manage customer support, and create marketing campaigns. They can integrate artificial intelligence and machine learning to analyze customer data and offer predictive insights. By centralizing customer information, CRM systems allow for more effective communication and a better understanding of customer needs, ultimately supporting business growth and customer loyalty.21

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