1. AI is becoming a key part of CRM systems.
If there’s one thing that’s affecting all industries, it’s artificial intelligence (AI). We’re using a lot more of it than we might think in our daily lives as well as at work.
AI-driven software resources — from conversational intelligence programs to sales analytics platforms — have a presence in virtually any industry that rests on SaaS solutions. Several CRMs fit that bill, incorporating AI into their broader functionality.
2. There are fewer barriers for first-time CRM users.
65% of sales professionals use a CRM and 97% consider sales technology “very important” or “important”, according to LinkedIn State of Sales report. However, that leaves one-third of sales professionals not using CRMs. Common barriers to adopting a CRM include reservations about cost and lacking the resources and tech knowledge to implement a CRM system.
As CRMs continue on their trend of becoming cheaper, simpler to implement, and easier to use, these objections are becoming increasingly irrelevant. We forecast a higher percentage of companies adopting CRMs for the first time in 2022.
3. Social CRM keeps rising
What is social CRM? It’s the integration of social media channels into CRM platforms.
By viewing social media and CRM together, companies gain a more powerful overview of what people are posting about on social media, as well as a clearer understanding of brand sentiment.
If organizations can use social CRM to respond to comments quickly and thoughtfully, they can build stronger relationships with existing and potential customers and incorporate more user feedback into their roadmap.
4. There’s an all-star line-up of CRMs to choose from.
Customers are choosing from a diverse market of 650 CRM systems over 650 CRM systems , with tools that cater to both generalized needs and specific niches and requirements.
5. Businesses can condense their sales and marketing tech stacks.
With the rise of sophisticated CRMs and core tech tools, sales and marketing teams can get away with using fewer tools than before.
As a tech trend for 2022, teams will increasingly wonder: why do we pay for App A when App B can now tick that box and more?
For best results from their tech stack, teams will create more integrations and two way sync to ensure contact data is always updated across all apps.
6. Voice and conversational UI will start integrating with CRM.
Voice technology is critical for the evolution of SaaS tools. It’s a key factor for accessibility, but it also simply makes tech easier and more enjoyable to use.
Technology is making it easier for salespeople to track, message, update, and notify their teams about customer data.
We anticipate many more CRMs following suit in the next few years of the 2020s with voice assistant usage and supporting hardware in operational processes and interfaces.
7. Businesses are automating more processes using their CRM.
To stay relevant to tech-savvy customers, top CRMs need to offer advanced automation features.
Many of the top players have been investing heavily in automation in the last few years — including Sage and Infor which have placed automation front-and-center in their product and marketing.
In 2022, we predict CRM will become more synonymous with automation. For instance, using chatbots to communicate with customers and solve help desk tickets automatically, or using automated email workflows to nurture sales prospects down the funnel.
With automation, businesses can offer high-quality customer services while optimizing operational costs — something that an increasing number of businesses are realizing, and CRMs are continuing to support in new ways.
8. CRMs will offer a high-definition view of customers.
Choosing a strong CRM and filling it with reliable data that’s enriched by other apps is the easiest way for a company to build a comprehensive view of its customers.
According to LinkedIn’s State of Sales Report 2020, top-performing salespeople have higher confidence in their CRM data than their counterparts. Of the top group, 53% are very confident, and below that, only 32% are very confident.
This shows a direct link between sales performance and high-quality data, which comes from putting in the time to maintain data cleanliness and integrity.
9. CRM is becoming interwoven with IoT technologies.
From smart home devices to wearable health monitors and cybersecurity scanners, there are expected to be more than 64 billion IoT devices worldwide by 2025, says TechJury .
This also applies to the corporate world: 93% of enterprises are believed to have adopted IoT technology in 2019, according to Fierce Electronics , which will only continue in coming years. This ranges from simple IoT devices, such as energy meters and smart appliances, to more advanced solutions for greater cost efficiencies, organizational capabilities, and supply chain visibility.
Improving customer experience is the area where most enterprises are using data generated from IoT solutions. With IoT technologies, companies can monitor and service their clients in new and proactive ways that were previously unimaginable.
10. CRM will not just be used by customer-facing teams.
CRMs have been traditionally thought of as tools for sales and customer success teams. Times have changed — and CRMs are now a crucial part of a company’s wider tech stack. In 2022, more organizations will realize that CRM benefits everything.
Marketers can use CRMs to best understand the contacts in their pipeline and monitor how CTAs convert. Customer success teams can access a 360-degree view of the customer to provide the most personalized experience. And management can access valuable data on performance across the board.
11. CRMs keep getting more sophisticated.
The moat requested CRM features are basics like contact management (94%), interaction tracking (88%), and schedule/reminder creation (85%). About a quarter of buyers want monitoring of the sales pipeline and funnel.
However, a fifth of CRM users want slightly more advanced functions: sales automation, a central database, email marketing, customization, and reporting /analytics.
Mike Richardson, managing director at Maximizer shared the importance of balancing sophistication and a centralized view of the customer:
“Best-in-breed systems are rapidly appearing in the market, bringing increasing layers of sophistication and becoming extremely good at solving specialized needs … However, all of these different touchpoints with the customer need to be centralized into a single view of the customer experience, in a system of engagement.”
12. A CRM’s customer experience will be as important as its features
85% of customers say the experience a company provides is as important as its products and services. There are several ways to use CRM technology to meet the expectations of today’s customers:
- Live chat for quick support
- Enriched data to show the full customer journey and previous support tickets
- Accessible customer data across departments
- Automated knowledge bases
- Syncing customer data between apps to show a 360-degree view everywhere
As more organizations up their customer experience game, others must follow suit. 79% of customers say one extraordinary experience raises their expectations of other companies.
13. Consumers will expect companies to know more about them.
A business-to-customer relationship is becoming increasingly like any other human relationship. A company needs to remember previous conversations with a customer, understand their needs and expectations, and adjust communication accordingly. To enable this, all required customer data must be quickly accessible and accurate.
This isn’t always guaranteed. 87% of consumers believe companies need to provide a more consistent customer experience.
Having a CRM as part of a connected tech stack is the best way to fix this, as it allows different team members to store customer data about all previous conversations and known preferences.
14. CRM growth will come from new markets.
CRM buyers have historically fallen into one of four markets: real estate, consulting, distribution, and insurance. As we head further into the 2020s, a great deal of new CRM growth will come from other vertical markets. These include:
15. Younger generations are pushing for CRM use.
28% of millennials think CRM applications are “extremely critical” to their success, compared to 18% of Generation X and 9% of Baby Boomers.
This CRM trend will grow as millennials and Gen Z continue to gain buying power and the next generations enter the workplace. In the decade ahead, more teams will become tech-centric and insist on maximizing performance through intelligent CRM technology.
16. A company of one will be big enough for a CRM.
How large does your business need to be to have a CRM? The answer for 2022 is: a company with one employee is big enough.
If you’re managing contact details, juggling a busy pipeline, and have customer data to keep track of, you can benefit from using a CRM. These are familiar pain points for freelancers.
Freelancers are providing a strong market segment for CRM platforms, and freelancer tools like Bonsai have already invested in built-in client management features.
17. Self-service via CRM will be standardized.
As automation becomes more synonymous with CRM, bots are completing more contact management tasks and saving team members from having to lift a finger.
Chatbots offered by many platforms automatically guide prospects through marketing and sales pipelines — collecting data, asking questions, and delivering more personalized content.
With self-service, customers get their questions answered faster with far less effort required from the provider. It’s a win-win.
18. Analytics features will need to be a CRM’s strength.
With sophisticated analytics at their fingertips, organizations are in the best position to identify problems, solutions, and opportunities. Companies recognize this — and are increasingly looking for powerful analytics tools to process and report on their data in real-time.
CRMs must offer advanced analytics, too. Organizations want the most accurate view into how their sales pipeline is performing, how happy customers are, and what’s contributing to churn.
Although not all organizations are ready for sophisticated stand-alone analytics platforms, more SMEs are viewing CRM analytics as a must-have, not a nice-to-have.
19. XaaS – everything as a service.to
SaaS – software as a service – is well-known, but what’s XaaS? Everything as a Service takes the concept of SaaS and spreads it to encompass every form of product and service.
With XaaS, any IT function can be transformed into a service for enterprise consumption — from platform as a service ( PaaS) to infrastructure as a service (IaaS) among many others. XaaS includes any computing service delivered via the internet and paid for via a subscription rather than an upfront cost.
As a tech trend for 2022, we predict more organizations will seek cloud solutions for new corners of their business, whether as part of their CRM, a stand-alone system, or a connected tool.
20. CRMs need to be connected to every other part of a business.
As each year rolls by, more organizations are viewing their CRM as an essential organ for the wellbeing of their company. To make this happen and reap the benefits, a CRM has to be connected to all other tools and processes in your organization.
From your email marketing tool to your invoicing system, make sure to have two-way syncs set up between tools that store customer data and your CRM.
Keeping your data in sync is the best way to avoid human error, resolve pesky data silos , save time on manual input, and paint the clearest picture of your business for every team.
In the 2020s, you should have no reason to distrust your customer data nor have to wrestle with unending lists of duplicate emails and misleading data.
Future Trends in CRM
1. Using a CRM to Facilitate Better Alignment Between Departments
Effectively aligning sales and marketing is one of the more pressing, frustrating challenges virtually every business has to deal with. In many cases, there are disconnects between departments over KPIs, short-term objectives, and broader goals.
If you want to get the most out of your sales and marketing efforts, both sides of the business need to be operating in sync. Marketing needs to draw in the volume and type of leads sales can ultimately work with.
Having both departments operating by the same CRM strategy provides a solid starting point for that kind of synchronicity. Any business using one of these systems needs to get buy-in from both sales and marketing when it comes to leveraging it.
When done right, a solid, mutually understood CRM strategy reduces friction from virtually every touchpoint between the departments — making for a smoother, more effective sales funnel and better-informed sales and marketing efforts.
2. Leveraging CRM Data for Wider-Reaching, More Concentrated Personalization.
The data you accrue in your CRM gives you invaluable insight into the nature and preferences of your customer base. That kind of knowledge allows for more focused content marketing efforts, provides perspective on where your ideal prospects can be reached, and enables other key business functions that rest on understanding the “how” and “why” behind your customers’ behavior.
Personalization is becoming increasingly essential in the contexts of both sales and marketing. The modern buyer doesn’t isn’t receptive to vague, one-size-fits-all messaging. Going forward, any business leveraging a CRM should use the behavioral insight it accrues to inform more personalized prospect and customer interactions.
3. Mobile CRMs Continuing to Pick Up Steam
Mobile compatibility has been transitioning from “nice to have” to “need to have” for almost any application for some time now — and CRMs are no exception. Mobile CRMs have emerged as essential options for businesses whose employees need access to CRM data wherever, whenever.
That trend doesn’t appear to be slowing down. Prominent CRM providers — including Sage and Infor — now offer mobile-accessible versions of their systems.
If your business wants to get the most of its CRM, your users need to have consistent, unimpeded access to its data. That’s why looking into systems that have mobile options will be in your best interest, going forward.
The Biggest CRM Trend of 2022
If we have to make one overall prediction for tech and CRM in 2022, it’s that more businesses will be using technology to eradicate or automate what they don’t want to deal with — while getting better results from the tasks they focus on.
The recipe for that is a strong CRM, automated workflows where possible, and a connected app stack where data moves freely between your apps.
# # #
TimeLinx delivers innovative project & service management software as a complete solution that perfects the sell-track-manage-support-bill cycle that services organizations must have to delight their customers; TimeLinx brings the cycle together in a single application that offers less frustration, better project management, complete reporting, and improved profitability – all specially designed for Infor and Sage.