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The revenue of CRM software reached $48.7 billion in 2021 and is projected to grow at a CAGR of 14.2% from 2021 to 2028. By the end of 2023, 81% of organisations are expected to use AI-powered CRM systems for customer interactions.
To facilitate smooth functioning of businesses and bring forth easy sales conversions, a number of companies are now looking to adopt AI-powered softwares. When AI is integrated with CRM (customer relationship management) softwares, processes can be improved to produce efficient results.
From automating repetitive tasks such as entering and organising data, minimising mistakes, to enhancing decision-making through data analysis and providing valuable insights through predictive abilities, AI-enabled CRM software is transforming sales.
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Here is a list of AI-enabled CRM softwares that help accentuate sales conversions for enterprises.
AI and advanced analytics solutions company Fractal launched Flyfish, a generative AI platform for digital sales. The platform provides consultative experiences through intuitive sales advisors that engage with customers in personalised, data- driven shopping interactions. Brands can provide consultative sales interactions by leveraging in-depth analysis of customer’s purchasing behaviour, transaction history, and individual preferences. AI sales advisors are easily created with easy integration of product catalogs and customer data.
Salesforce’s EinsteinGPT is an AI CRM technology that leverages AI to create dynamic content across domains such as sales, service, marketing, commerce, and IT. EinsteinGPT combines Salesforce’s proprietary AI models with generative AI technology from an ecosystem of partners and real-time data from the Salesforce Data Cloud. Customers can connect their data to OpenAI’s models that are available within Salesforce CRM, and also use their own external models and generate content within the CRM.
Microsoft’s Viva Sales is a seller experience application that leverages Microsoft 365 and Microsoft Teams. It helps streamline the process of capturing, accessing and recording data into any CRM, thereby eliminating the need for manual data entry. In the process, sellers are being equipped with valuable sales intelligence and save time.
Viva Sales is set to enhance seller productivity, reduce workloads and help salespeople achieve promising results.
Hubspot’s ChatSpot is a tool that helps support sales, marketing and service professionals by automating tasks and simplifying decision-making and CRM navigation. By integrating ChatSpot with the HubSpot CRM, users can access the resources they need more efficiently. ChatSpot increases productivity through chat-based commands, where the system assists with tasks such as sending emails, improving content, generating insights, and creating customised reports. The seamless integration with data in HubSpot CRM expedites data gathering, and churns out custom reports via the ChatSpot portal.
Zia, a conversational sales assistant integrated within the CRM system of Zoho, has capabilities that empower sales professionals by automating tasks and providing actionable intelligence to enhance productivity and sales. With the help of commands, Zia helps retrieve information quickly, while sales forecasting offers valuable insights to optimise time allocation. Zia also provides real-time insights and suggestions to sales teams based on customer interactions and behaviour. With the help of predictive analytics, Zia can track customer behaviour, trends and enable businesses to gain valuable insights and predictions about future sales opportunities.
Freshworks’ Freddy AI can help personalise customer interactions and deliver helpful responses through a chatbot. It leverages AI-powered chatbots to automate customer interactions across various channels. It provides valuable insights for lead tracking and assists in prioritising support tickets in addition to predictive analysis, empowering sales teams to predict trends, identifying potential customer issues and forecast revenue with greater accuracy.
Pipedrive’s AI sales assistant is a tool for effectively identifying leads, thereby allowing sales teams to focus their efforts on deals with higher conversion potential. The tool can help monitor, analyse sales pipelines and produce accurate predictions of future sales revenue. It also facilitates KPI tracking, allowing sales professionals to measure the range of their sales activities.