CRM applications started as simple contact-management software that salespeople ran on their PCs. Then vendors began to develop products that automated a larger number of processes and tied together
all of the sales data across the organization into one comprehensive source.
Though the features of a CRM solution can vary from product to product, there are a few industry-standard functions:
- Contact manager. A CRM solution must have a powerful yet easy-to-use contact manager to track sales leads; it should give you instant access to relevant information about your clients.
- Marketing encyclopedia. This feature includes base of information about different vertical industries, competitors, and products. It's a valuable tool that diminishess research time and informs you of your clients' needs.
- Forecasting module. The forcasting module lets you analyze where and when leads are generated. This information helps you to determine how to spend advertising and marketing budgets in the future.