Fri, 06-Mar 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Reasons Why Small Businesses Need CRM Software

    Mwakaneno
    By Mwakaneno Gakweli
    - December 02, 2019
    - December 02, 2019
    Kenya Business newsTechnology
    Reasons Why Small Businesses Need CRM Software

    The idea of Customer Relationship Management (CRM) is still a developing concept in Africa, especially for small and medium-sized businesses. Businesses often face the challenge of focusing on customers and staff at the same time.

    As a result, small businesses have a hard time channelling expenses to leads that generate value.

    While CRM tools help coordinate both, the price of an on-premise solution is often overbearing for small businesses. For instance, on-premise interventions require a client to set up a server as well as recruit staff for maintenance. This is not financially feasible for many small businesses.

    SEE ALSO: Amazon To Set Up Edge Location in Kenya

    However, cloud-based solutions offer the same convenience such as the ability to maintain strong customer relationships and coordinate staff towards converting leads at an affordable cost.

    Cloud-based CRM services host the client’s data on the cloud, allowing access through an app or software. Besides, Cloud-based services are cheaper since the provider shoulders the cost of hardware, power, and cooling. This allows them to charge clients for the software and updates only.

    Why CRM for a Business?

    CRM software helps businesses boost sales, increase productivity and sift through customer prospects.

    SMEs in Africa can integrate CRM solutions with other operations, allowing them to understand their customers better by collecting insights and drawing relationships on consumer behaviour.

    As a result, businesses make data-driven decisions on how to allocate resources among leads and assess progress in lead conversion. Companies can also personalize interactions with customers, catering for individual needs, therefore, increasing chances of conversion.

    Standard CRM features include a secure cloud to store customer data, tools that record customer interactions and analysis of lead conversion rates. However, recent CRM solutions offer customizable systems, allowing a business to feature its unique characteristics in the tool.

    African businesses can opt for freemium tools which allow a business to track sales and financial operations, as well as monitor pending tasks.

    A number of companies offer CRM tools that allow access to limited features such as automated marketing, sales management and task monitoring for a set number of users. However, a business should consider upgrading to a premium CRM solution to access the full advantages of CRM tools.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa