CRM Reading Lounge: CRM & General ArticlesCRM Glossary Of CRM Definitions, Terminology & Acronyms
Here is a CRM Glossary of Definitions for you to check on the meaning of that annoying acronym! If you don’t find what you are looking for, please feel free to contact us.
- AFFILIATES. Affiliates are generally resellers that sell products online, through the internet. They are normally compensated on a ‘per sale’ basis, though some merchants will pay commissions on a ‘per click’ basis, too. Affiliates promote products their own websites and invite (well, entice) visitors to click through to the merchants website to hopefully conclude the sale.
- ASP. Application Service Providers are companies that supply software applications and/or software-related services over the Internet.
- CHANNEL. Vendors often elect to sell their products through a channel of resellers. Resellers are sometimes referred to as Value-Added Resellers, or VAR’s.
- CRM. Customer Relationship Management. There are various definitions of what constitutes CRM.
- CRM Definitions:“An enterprisewide business strategy designed to optimize profitability, revenue and customer satisfaction by organizing the enterprise around customer segments, fostering customer-satisfying behaviors and linking processes from customers through suppliers.”
Gartner Group - “Customer Relationship Management (CRM) is a way to identify, acquire, and retain customers, a business’ greatest asset. Research has shown that companies that create satisfied, loyal customers have more repeat business, lower customer-acquisition costs, and stronger brand value—all of which translates into better financial performance.”
Siebel
- CRM Definitions:“An enterprisewide business strategy designed to optimize profitability, revenue and customer satisfaction by organizing the enterprise around customer segments, fostering customer-satisfying behaviors and linking processes from customers through suppliers.”
- DEALERS. Software retailers and discounters are often referred to as dealers. Typically, a dealer does not add value to the vendors products that they sell.
- DIRECT SALES. Some vendors will sell their products through their in-house sales team, directly to the public. If they also have a Reseller Channel, they are careful to avoid any channel conflicts. This they might do by defining territories or specific accounts that are nominated as ‘house accounts’.
- HTTP. Hypertext transport protocol
- IT. Information Technology
- J2EE. Java 2 Enterprise Edition
- MERCHANTS. Merchants are the manufacturers of products that affiliates resell on their behalf. Often referred to as Vendors.
- MIME. Multipurpose internet mail extensions
- MODULE. Some CRM and other applications are modular ie. You can add on features (at a price) like building blocks to the core product to give it additional functionality.
- ODBC. Open DataBase Connectivity. A general interface for communication with different Relational Database Systems.
- OSS. Open Source software. OSS is the term used to describe software that is not copyrighted, but instead is the collective effort of software developers around the world on a mission to improve human living standards by providing these products free of charge.
- PIM. Personal Information Manager
- PSA. Professional Services Automation. PSA applications address the needs of project based organizations.
- SFA. Sales Force Automation
- SMTP. Simple Mail Transport Protocol
- SOAP. Simple Object Access Protocol is an XML-based messaging protocol used to encode the information in Web service requests and response messages before sending them over networks.
- SQL. Structured Query Language is the industry standard language for designing and communicating with relational databases.
- VAR’s. Acronym for Value Added Resellers. VAR’s add value by offering additional services, including installing, commissioning, training and on-going support.
- VENDOR. The company or corporation that is the developer, manufacturer or authors of the CRM software. Vendors are sometimes referred to as ‘software houses’, or ‘merchants’.
- XML. eXtensible markup language
And for a bit of light relief…
Humorous South African Thesaurus Of Computer Terminology
Glossary Of Terms:
Log On – Make the braai (barbecue) hotter
Log Off – The braai is too hot
Monitor – Keeping an eye on the braai
Download – Get the firewood off the bakkie (clapped out open-back SUV)
Hard drive – Trip back home without any cold beer
Keyboard – Where you hang the bakkie and bike keys
Window – What you shut when it’s cold
Byte – What mosquitoes do
Bit – What mosquitoes did
Mega Byte – What mosquitoes at the lake do
Chip – A bar snack
Micro Chip – What’s left in the bag after you have eaten the chips
Dot Matrix – Old Jan Matrix’s wife
Laptop – Where the cat sleeps
Mouse – What eats the grain in the shed
Mainframe – What holds the shed up
Web – What spiders make
Web Site – The shed or under the verandah
Cursor – The old bloke who swears a lot
Search Engine – What you do when the bakkie won’t go
Yahoo – What you say when the bakkie does go
Mail Server – The bloke at the pub that brings out the lunch
Internet – Complicated fish net repair method
Netscape – When fish manoeuvres out of reach of net
Online – When you get the laundry hung out
Off Line – When the pegs don’t hold the washing up.