Course Content
State of the CRM Systems and Latest Trends
Understand the role and significance of CRM systems in modern business operations. Gain practical knowledge of managing revenue operations process for a company using GreeneStep CRM System. Develop skills in customer account management, lead to cash process and other supporting business processes. Learn to implement effective performance management strategies using CRM tools. Learn communication and collaboration skills through CRM platforms. Acquire proficiency in setting up and optimizing business processes within GreeneStep CRM. Apply CRM systems in various business scenarios, including employee training, and day-to-day operations management. Analyze and utilize CRM data for decision-making and improving business outcomes.
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A CRM Strategy: Automating Revenue Operations
You will learn about Revenue Operations Management and apply the Lead-to-Cash process flow steps in GreeneStep CRM and practically apply your theoretical understanding to real time use case. Learning Outcomes
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Process Leads and Opportunity Pipeline Management
Understand the role and significance of CRM in Revenue and Sales processes. To comprehend the role of financial statements, especially the balance sheet, income statement, and cash flow statement, in evaluating sales performance. To utilize ratio analysis and common size statement analysis for evaluating sales performance and financial health. To understand how sales and revenue works inside the GS software
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Fulfill and Deliver Orders before time using CRM
Management (SCM) and its role in business operations. Identify and explain key components of Distribution Management within SCM, including distribution channels, inventory management, and warehousing. Describe the order fulfillment process and its importance in ensuring customer satisfaction and efficient distribution. Analyze the significance of logistics and transportation in SCM and its impact on overall supply chain efficiency. Recognize the integration of CRM with SCM and its benefits in centralizing customer data and enhancing customer satisfaction. Explain the role of CRM systems, particularly as designed in GreeneStep's software, in streamlining operations and resource utilization within SCM. Understand the key modules and processes for SCM, including SCM, sourcing, delivery, logistics, return management, and performance indicators. Discuss the application of IT in SCM and its contribution to enhancing communication, collaboration, and decision-making across the supply chain
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Be Efficient in Supply Chain and Logistics Operations
Identify the key activities involved in the procurement process. Recognize real-world examples of procurement activities across various industries. Learn how procurement contributes to effective supply chain management. Understand the steps involved in the procurement process in detail. Comprehend the importance of supplier assessment and key elements involved. Explore the benefits and implementation of e-procurement. Identify the advantages and risks associated with outsourcing in procurement. Grasp key aspects of inventory management and related strategies. Understand the use of ERP systems in procurement and expense management. Learn how ERP systems streamline procurement activities and enhance efficiency.
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Managing Finance and Invoicing
Explain the pivotal role of financial management in organizational success, using real-world examples. Analyze the risk-return relationship and its impact on investment decisions. Apply time value of money (TVM) concepts to assess the worth of future cash flows. Evaluate capital budgeting techniques (NPV, IRR, Payback Period) and understand capital rationing. Calculate the weighted average cost of capital (WACC) and its significance in financing decisions. Interpret EBIT-EPS analysis to determine the impact of financing choices on earnings. Differentiate between operating and financial leverage and their effects on profitability. Discuss theories of capital structure and their implications for corporate value. Formulate a dividend policy that aligns with company goals and shareholder expectations. Manage working capital effectively by optimizing cash, receivables, and inventory. Forecast working capital requirements based on business needs and market conditions. Tax management using ERP
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Know the Accounting Rules and Compliance Needs
Understand revenue recognition methods and their application in different business scenarios. Identify measurement issues related to accounts receivables and manage them effectively using ERP systems. Classify inventory types and apply appropriate valuation methods. Comprehend various depreciation methods and automate calculations through ERP systems. Accurately account for long-lived assets, including their depreciation. Distinguish between equity and liability and manage them using ERP systems. Apply lease accounting standards and manage lease agreements in ERP systems. Interpret and prepare components of an annual report using consolidated financial data from ERP systems. Grasp fundamental principles and concepts of financial accounting. Generate trial balances and prepare final accounts. Understand cost accounting terminology and the creation of cost sheets. Develop and control budgets, utilizing ERP systems for detailed cost tracking and strategic planning.
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CRM Business Intelligence and Analytics
Grasp the fundamental concepts of data, including its types, sources, and the classification of digital data. Differentiate between data science, statistics, mathematics, programming languages, databases, and machine learning. Comprehend the definition, importance, and key objectives of business data analytics within ERP systems. Learn the steps to integrate business data analytics into ERP systems and understand the role of BI tools.
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GreeneStep CRM
About Lesson

Bridging the gaps with the industry needs :

  1. Application of Subject / Courses Studied in College
  2. Industry Practices, Trends and Process
  3. Business Process Automation and Technology
  4. Job Requirements and Expectations from Industry
  5. Continuous learning, Upskilling and Competency Upgrading

Why you need to know about CRM?

Application of subject / Course studied in college

Customer Relationship Management (CRM) is essential for MBA students studying marketing, finance, accounting, and analytics because it integrates crucial aspects of managing customer interactions and data throughout the customer lifecycle. For marketing professionals, CRM systems facilitate targeted campaigns, personalized communication, and customer segmentation, enhancing customer engagement and retention. In finance, CRM helps in understanding customer profitability and lifetime value, aiding in better financial forecasting and resource allocation. Accounting benefits from CRM by streamlining invoicing, payment processing, and financial reporting, ensuring accurate and efficient management of customer-related transactions. Analytics, an integral part of CRM, provides valuable insights through data analysis, enabling informed decision-making and strategy formulation. By leveraging CRM, businesses can optimize their operations, improve customer satisfaction, and drive growth. For MBA students, mastering CRM concepts and tools is vital as it equips them with the skills to harness customer data effectively, align business strategies with customer needs, and ultimately contribute to the organization’s success. In a competitive business environment, CRM knowledge ensures that future managers can implement data-driven approaches to foster strong customer relationships and achieve sustainable business outcomes

Industry practices, trends, and Process

In CRM, industry practices are shifting towards cloud-based systems, mobile CRM, and social CRM to enhance customer engagement and flexibility. Automation streamlines sales, marketing, and customer service processes making operations more efficient. These advancements in CRM are crucial for building personalized and effective customer relationships in today’s business landscape.

Business process automation and technology

In CRM, business process automation and technology streamline operations by automating tasks like lead management, customer service, and ticketing solutions. Cloud-based systems provide scalable, real-time access to customer data, while mobile and social CRM enable on-the-go engagement and insights from social media. Ticketing solutions efficiently manage and track customer inquiries and issues, ensuring timely resolutions. These advancements enhance efficiency, personalize customer interactions, and improve overall business performance.

Job requirements and Expectation from the Industry

CRM job requirements are expected to be proficient in CRM software, capable of understanding customer relationship management principles, and familiarity in sales processes, lead management, and marketing strategies. Effective communication skills are crucial for collaborating with teams and stakeholders, while a customer-centric mindset ensures the delivery of exceptional customer experiences.

Continuous Learning, upskilling and Competency Upgrading

Understanding Customer Relationship Management (CRM) is vital for continuous learning, upskilling, and competency upgrading because it empowers professionals to stay competitive in a rapidly evolving business landscape. CRM systems facilitate effective management of customer interactions, ensuring that professionals can leverage customer data to enhance service delivery, personalize marketing efforts, and build lasting relationships. By mastering CRM tools, individuals can improve their strategic decision-making abilities through data-driven insights, enabling them to identify trends, preferences, and opportunities for growth. This knowledge is crucial for adapting to new market demands and technological advancements, making professionals more agile and versatile. Moreover, proficiency in CRM enhances one’s ability to contribute to organizational success by optimizing customer engagement, increasing retention rates, and driving revenue growth. In an era where customer-centric approaches are paramount, continuous learning in CRM ensures that professionals remain relevant and valuable, capable of implementing effective customer strategies and maintaining a competitive edge in their careers.

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