CRM stands for Customer Relationship Management. It’s a software system designed to help businesses manage interactions with customers and streamline various aspects of customer engagement. A CRM system centralizes customer data, automates marketing, streamlines communication, and enhances customer service—all in one place. Additionally, a CRM can manage all your contracts and agreements, providing a secure and efficient way to handle document storage and access. It also integrates payment gateways, enabling seamless payment transactions directly within the system. By using a CRM, you can improve customer relationships, increase sales, and enhance operational efficiency, offering a more personalized and responsive customer experience. This comprehensive tool is essential for any business looking to grow and maintain robust customer relationships effectively.