This week at HMC, we hosted a group of med tech companies in Ireland, introducing them to potential clients and key influencers all over the island. One of the key issues that came up in the discussion was the effective management of new contacts and how we could ensure that proper follow up was carried out.
One of those conversations made me think of what the DEADLY SINS of CRM might be - why when our clients spend money on out-of-the-box solutions does it make so little difference. The devil is in the details!
A company’s contact book is one of the most valuable resources of a growing business. With prospects waiting to be identified and converted into opportunities, along with existing clients who provide reliable repeat business, your sales pipeline is at the heart of your company’s success.
In our experience, many growing companies have no official, reliable Client Relationship Management (CRM) platform or they have the wrong system implemented to suit their business needs. Without an effective process in place it can become very difficult to convert and monitor potential opportunities. In other words, The CRM becomes useless, or worse, a burden.
In our experience, the 5 deadly sins for CRM that we encounter with 90% of our clients are:
No system is perfect. Salesforce, Insightly, Hubspot amongst many others offer fantastic features, however, the benefits that your company requires are unique, making choice and practical implementation a hugely critical issue. A good CRM tool enables true customer management by not only making it easier for you to connect with your clients but also helps you do business with them in supporting you to deliver your product or services efficiently with scalable functionality, which any fast-growing enterprise needs.
If you are in a situation where you are debating your CRM needs or your team are concerned that they are not seeing any benefit, then at least one issue from this list needs to be addressed.
At HMC Global our knowledge and experience in best practice sales method can help you assess your company’s current sales process and identify a model and CRM system which ensures that all promising opportunities are captured and converted to ultimately increase qualified sales.