What Is a Customer Relationship Management (CRM) Platform?

What Is a Customer Relationship Management (CRM) Platform?


A customer relationship management (CRM) platform manages all the interactions a company has with each customer. The system captures important information from those interactions to help you develop deeper customer relationships.

What Is a CRM Platform Going to Track?

CRM platforms aren’t just for big business, according to CRM Magazine. A CRM for small business operations can help you better target your customers by keeping track of their characteristics, such as:

  • Gender
  • Age
  • Geographic location
  • Order history
  • Marital status

Many small business owners keep track of their customer relationships and interactions through a simple database. But implementing a CRM platform can take small business customer interactions and marketing communications to a whole new level — with minimal effort from the business owner.

For instance, a bakery may want to send coupons for a free cupcake on each customer’s birthday, but keeping track of birthdays and sending out the coupon can require a lot of time and effort. A CRM can automate many of the time-consuming tasks needed to stay in touch with customers.

Two craftspeople research CRM platforms on a laptop

Features of a CRM Platform

A CRM platform can also track and use customer data in a number of other ways, such as:

  • Conducting surveys to gauge customer satisfaction
  • Breaking customers into sub-groups for better-targeted outreach
  • Sending personalized offers
  • Tracking customer purchases to offer loyalty points or rewards
  • Managing communications for customer follow-up, support or product announcements

Implementing a CRM for your small business may seem like a great idea, but purchasing the platform may not be in the budget. In many cases, a small business loan can be an ideal way to access the benefits of such technology.

What is a CRM going to add to your small business? It’s the best way to automate and simplify the process of staying in touch with customers. And stronger customer relationships translate into a stronger business.