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3 CRM Features That Could Overcomplicate Your Business

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CRM Features

CRM Features

CRM Features-In a world of Amazons and Walmarts, small businesses are constantly wondering how they can compete against companies with millions, if not billions, more to spend on customer service, sales, and marketing. A particular area of concern is what tech to use.

Enterprise companies can afford to throw thousands (and in some cases, millions) on finding, customizing, and adopting robust customer relationship management software. Small businesses, on the other hand, are on tighter budgets and can’t afford the same feature-rich solutions.

It might seem like increasing your software budget will also increase the software’s benefit; that might explain why 13 percent of small-business owners plan to increase their spending on CRM software in 2019. But small businesses should be wary of buyer’s remorse, especially when it comes to costly tech, as nearly 50 percent of CRM licenses go unused.

So where’s the disconnect? Why are so many small businesses leaving money on the table? More often than not, it’s because they’re using a piece of software that wasn’t built with them in mind.

The Power of Simplicity

Traditionally, developers sold pricey, feature-rich CRMs because they served only large organizations that needed the complexity. Today’s platforms are accessible to businesses of all sizes, but what works for an enterprise doesn’t necessarily translate to the small-business space.

Many CRM companies start by marketing their products to small businesses because early versions of their software are too simple for enterprise needs. However, it’s not uncommon for these companies to eventually move upmarket as their software becomes more sophisticated in order to capture those enterprise-level sales. When that happens, CRMs that once fit a small business just right become too complicated, too expensive, and ultimately unusable for their initial customers.

Admittedly, cutting-edge CRM features aren’t going anywhere. Large corporations can afford more complex software, and organizations of their caliber demand those high-tech solutions. But remember, a product is valuable only when it meets your needs. The following CRM features usually aren’t necessary for small businesses and indicate that a CRM might be designed for a business with different needs (and a bigger budget).

1. Artificial Intelligence and Machine Learning

Over the next few years, we’ll see more software companies promoting AI and ML in their CRM software with the promise of spitting out accurate lead scores, forecasting potential sales, and predicting the future health of a company. But how much of this is marketing hype with little payoff, especially for small businesses? Consider that ML technology’s value is derived from the fact that it can comb through massive data sets to find patterns. This might be valuable for large companies, but small businesses likely don’t have enough data to justify the investment.

As a small business, you don’t need ML to know which leads to focus on and which ones are likely to close. What you need is a bird’s-eye view of all your deals. Many simple CRMs come with a customizable pipeline feature that allows you to track prospects, existing customers, and projects. You can use your pipelines to filter or sort your leads by priority and glean further insights from reporting.

2. Automation

Big businesses need automation because they are trying to turn their processes into an assembly line, and they want to make sure that individual employees are following a specific procedure. But not only is heavy automation expensive and confusing, it also eliminates the human touch that makes small businesses unique. Your personal interactions, rather than light-speed efficiency, give you a competitive edge.

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Article Credit: CRM

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