Showing posts with label SAP CRM Training Academy. Show all posts
Showing posts with label SAP CRM Training Academy. Show all posts

Saturday, 9 December 2017

Learn SAP CRM Online | Key Benefits of Integrating SAP CRM Software with ERP

What makes integrating CRM with ERP system

ERP system (Enterprise Planning Resource) has established itself as indispensable backend software system for business. But with the rapid flow of information on the internet and the prevalence of e-commerce corporate that failed to acknowledge changing customer habits or analyze market data effectively and put it their use will eventually forced out of the game. While ERP can help monitor workflow and streamline production and sales, it lacks the ability to maintain and cultivate existing customers relationship and develop new customers. Contrarily, customer relationship management (CRM) can consolidate customer information and perform detailed analysis, allowing businesses to shift from a production centric approach to a customer centric model and, ultimately into a comprehensive management platform. Learn what CRM does from SAP CRM training by SAP Trainings Online, which is best resource of SAP online training.
Benefits of integrating ERP and CRM
A 360degree view of customer:
How well do you know your customers? One of the biggest advantages of CRM and ERP integration is that it gives you a complete view of your customer. From prospect, to sales and support, to finance and accounting, together these systems provide complete visibility into your customers’ needs, buying habits, order history, preferences, account standing, etc. Not only does this knowledge give you better insight into your customer base, it can help you build lasting relationships with customers and determine where there is potential for future growth. It can even help you anticipate your customer’s needs before your customer does.
Better visibility into sales cycle and improved sales forecasting
ERP and CRM integration creates a single point access for invoice-order-product information. This renders sales rep with improved visibility of order status, purchase history and other order details. Most importantly, a full-blown integration offers sales reps and marketing professionals with real-time customer and sales data that can be leveraged for improved forecasting.
Better access to critical information
SAP CRM and ERP solution that is fully integrated gives your employees the ability to access important information in real-time. Without it, your employees are less efficient and your customers will pay the price. For example, when a customer contacts your call center with a simple question about the status of an order, your call center representative should not have to go into different systems to access that information or inquire with other employees. A fully integrated ERP and CRM solution empowers your employees with access to the information they need exactly when they need it. With the touch of a button, they can retrieve inventory levels, shipments, customer financials, order history, returns, payments, pricing, etc.
Reduce data and work duplication: By proving employees the means of updating a single, centralized database.
Improve interdepartmental communication: By enabling disparate departments to collaborate more easily.
Make more informed business decisions: By giving managers and business owners an enhanced visibility over their products and customers. For example, when you want use CRM to find out most income generated product, ERP’s costing module can help companies analyze by plugging in cost and profit data. On other hand, ERP provides accurate data for studying a customer in CRM’s database.
Spruce up customer service
A well-integrated system allows employees in your company to have a 360-degree view of customer interactions. This speeds up the query resolving time, and enables businesses to approach customers in a more personalized manner. For instance, if a prospect reaches your support team enquiring about inventory/stock, your CRM rep won’t have to browse through multiple systems, since all the information is served on a unified platform. Swift customer service at your disposal!
Better mobility
This is a boon for all those sales reps, which are always on the run! Nothing can be more beneficial for a sales rep to have all the customer, inventory, product and pricing information at his fingertips when on the go during a sales meeting. This helps greatly to close more deals efficiently.
With a robust CRM and ERP integration, employees from various departments will find it easier to collaborate. Further, streamlined information keeps everyone in your business on the same page. Managers and CXOs can keep a track of all the critical business operations in real time, which will aid them to make more informed business decisions.
SAP CRM training
Customer Relationship Management is a business strategy for optimizing customer interactions. It helps in understanding your customers, their needs and requirements. Learn SAP CRM from world’s biggest unique SAP training resource SAP Trainings Online by 12+ years of experienced faculty.
We provide best SAP CRM training with our training learners can become expert in concepts like Organization Management, Account Management, Territory Management, Product Master data, Transaction processing, Lead Management, Opportunity Management, Quotation Management, Order Management, Contract Management, Activity Management and Visit Planning.etc.
Want a free demo on SAP CRM register at: www.saptrainingsonline.com/student-registration
For more details visit: www.saptrainingsonline.com
Email: contact@saptrainingsonline.com
Contact: India +91 9052775398 USA +13152825809

Monday, 20 November 2017

SAP CRM Training Academy | SAP CRM – Account Planning

Customer Relationship Management (CRM) is a strategy for managing all your company's relationships and interactions with your customers and potential customers. It helps you improve your profitability. Expertised SAP CRM training from SAP Trainings Online.
More commonly, when people talk about CRM they are usually referring to a CRM system, a tool which helps with contact management, sales management, workflow processes, productivity and more.
Customer Relationship Management enables you to focus on your organisation’s relationships with individual people – whether those are customers, service users, colleagues or suppliers. CRM is not just for sales. Some of the biggest gains in productivity can come from moving beyond CRM as a sales and marketing tool and embedding it in your business – from HR to customer services and supply-chain management.
Benefits of CRM
Introducing a CRM module has many benefits which have been shown to produce real results – including direct improvements to the bottom line. CRM applications have a proven track record of increasing:
  • Sales by up to 37%
  • Sales productivity by up to 44%
  • Forecast accuracy by 48%
SAP CRM Account Planning
Account planning function in CRM allows organizations to manage planned revenues, costs and contribution margin. Organizations can take strong decisions during planning and control of the costs for spends and discounts.
These planning functions are integrated in the account management functions and can be integrated with SAP ECC and BI as well. This reduces the effort to maintain data and increases the data accuracy.
Key features of account planning
The key features of Account Planning are as follows:
  • To enter non-promoted sales figures for an account.
  • You can include planned promotion volumes and costs.
  • To plan regular sales as well as regular discounts.
  • To plan the account-related costs.
  • To check the total volume forecast plus corresponding promotional and non-promotional costs.
  • To understand the contribution margins.
  • To adjust planned revenues wherever they are necessary.
General data in account planning
You can define account planning period by going to SPRO → IMG → Customer Relationship Management → Account Planning → General Setting → Define Planning Periods.
To create a new planning period, click on New Entries and enter the following details in it
  • Planning period
  • Start date and end date
  • Planning period description
The next step is to define action profiles and actions in CRM. This can be done by going to SPRO → IMG → CRM → Basic Functions → Actions → Actions in Account Planning → Change Actions and Conditions → Define Action Profiles and Actions.
The general data for account plans include the following details:
  • Territory ID
  • Planning period
  • Employee responsible
  • Valid from and valid to
  • Planning profile group
  • Action plan
  • Product planning basis
  • Organizational data
  • Currency 
  • Authorization group
Conclusion
Interested to learn more about SAP CRM and its business process and to establish a career in CRM join SAP Trainings Online for a rewarding SAP career through SAP training modules. We provide best SAP CRM training with our training learners can become expert in concepts like Organization Management, Account Management, Territory Management, Product Master data, Transaction processing, Lead Management, Opportunity Management, Quotation Management, Order Management, Contract Management, Activity Management and Visit Planning.etc.
Want a free demo on SAP CRM CLICK HERE to register for live demo class
For more details visit: www.saptrainingsonline.com
Email: contact@saptrainingsonline.com
Contact: India +91 9052775398 USA +13152825809

Learn SAP CRM Online | Why SAP CRM is Needed?

CRM stands for “Customer Relationship Management” and is a set of methodologies and tools that helps to manage customer relationship in ...