CRM Glossary
This
glossary, of both computer terms and sales & marketing concepts, will help
you sort through the sometimes complex issues when shopping for CRM software.
Note: If you have a question NOT answered by this glossary, just
send
me an e-mail. Everything on this list was asked by some reader at some time!
A
ActiveX
A set of technologies that enables software
components to interact with one another in a networked environment, regardless
of the language in which the components were created. ActiveX is built on
Microsoft's Component Object Model (COM). Currently, ActiveX is used primarily
to develop interactive content for the World Wide Web, although it can be used
in desktop applications and other programs. ActiveX controls can be embedded in
Web pages to produce animation and other multimedia effects, interactive
objects, and sophisticated applications
AMPS
Acronym for Advanced Mobile Phone Service.
One of the original cellular phone services, relying on frequency-division
multiplexing.
ATM Acronym for Asynchronous Transfer Mode. A network technology capable of transmitting data, voice, video, and frame relay traffic in real time.
B
Back-end
software In a client/server application, the part of the program that
runs on the server.
Back
Office Solution An
application designed to assist corporations with the management of their back
office tasks, such as financial accounting, human resources and
manufacturing.
Bandwidth
The
data transfer capacity of a digital communications system.
Barcode
The
special identification code printed as a set of vertical bars of differing
widths on products such as books. Used for rapid, error-free input, the coding
can include numbers, letters, or a combination of the two.
C
Call
center The
location or facility housing a telemarketing operation.
Callback A
user authentication scheme used by computers running dial-in services. A user
dials in to a computer and types a logon ID and password. The computer breaks
the connection and automatically calls the user back at a preauthorized number.
CDMA
Acronym
for Code Division Multiple Access, a form of multiplexing in which the
transmitter encodes the signal, using a pseudo-random sequence that the receiver
also knows and can use to decode the received signal. Each different random
sequence corresponds to a different communication channel.
Client/server
An
arrangement used on local area networks that makes use of distributed
intelligence to treat both the server and the individual workstations as
intelligent, programmable devices, thus exploiting the full computing power of
each. This is done by splitting the processing of an application between two
distinct components: a "front-end" client and a "back-end"
server. The client and server machines work together to accomplish the
processing of the application. The client portion of the application is
typically optimized for user interaction, whereas the server portion provides
the centralized, multi-user functionality.
Configuration
Tools A
software tool that helps sales people sales people configure complex product
offerings, assuring all part number dependencies are met.
CPG Acronym for Consumer Packaged Goods, a vertical market solution offered by several SFA software developers.
CRM
Acronym
for Customer Relationship Management. Generally refers to a program that
provides integrated functionality for marketing, sales, customer support and
call center requirements
D
Database
A
file composed of records, each containing fields together with a set of
operations for searching, sorting, recombining, and other functions.
Database
Marketing The process of building, maintaining and using customer
databases for the purpose of contacting and transacting business.
Data
Warehouse A
database, frequently very large, that can access all of a company's information.
While the warehouse can be distributed over several computers and may contain
several databases and information from numerous sources in a variety of formats,
it should be accessible through a server. Thus, access to the warehouse is
transparent to the user, who can use simple commands to retrieve and analyze all
the information. The data warehouse also contains data about how the warehouse
is organized, where the information can be found, and any connections between
data. Frequently used for decision support within an organization, the data
warehouse also allows the organization to organize its data, coordinate updates,
and see relationships between information gathered from different parts of the
organization.
Direct
Marketing An
interactive marketing system that uses one or more advertising media to effect a
measurable response or transaction at any location.
E
EDI
Acronym
for electronic data interchange. A set
of standards for controlling the transfer of business documents, such as
purchase orders and invoices, between computers.
Electronic
Commerce Commercial
activity that takes place by means of connected computers. Electronic commerce
can occur between a user and a vendor through an online information service or
the Internet.
Encryption
The
process of encoding data to prevent unauthorized access.
ERP
Acronym
for Enterprise Resource Planning, a suite of software tools designed to assist
corporations with all facets of operational planning.
Extranet
An
extension of a corporate Intranet using World Wide Web technology to facilitate
communication with the corporation's suppliers and customers. An extranet allows
customers and suppliers to gain limited access to a company's Intranet in order
to enhance the speed and efficiency of their business relationship. See
also Intranet.
F
Firewall
A
security system intended to protect an organization's network against external
threats, such as hackers, coming from another network, such as the Internet. A
firewall prevents computers in the organization's network from communicating
directly with computers external to the network and vice versa. Instead, all
communication is routed through a proxy server outside of the organization's
network, and the proxy server decides whether it is safe to let a particular
message or file pass through to the organization's network.
Front
Office Solution An
application designed to assist corporations with the management of their fron
office tasks, such as sales, marketing and customer support.
G
Geocode
The
process of adding geographic coordinates to a database file so that data records
may be displayed on a map.
GPS
Acronym
for global positioning system, which allows you to calculate a precise position
(latitude and longitude) for any location on the Earths surface.
Originally developed for military purposes, the satellite-based system
now helps lost sales people find their way.
GroupWare
Software
intended to enable a group of users on a network to collaborate on a particular
project.
H
Handheld
Computer A
computer small enough to be held in one hand while being operated by the other
hand.
Help
desk A
software application for tracking problems with hardware and software and their
solutions, usually serving "internal" customers.
HPC:
handheld PC , see above
HTML
Acronym
for Hypertext Markup Language.
The markup language used for documents on the World Wide Web.
I
Intelligent
agent software A
program that performs a background task for a user and reports to the user when
the task is done or some expected event has taken place.
Internet
The
worldwide collection of networks and gateways that use the TCP/IP suite of
protocols to communicate with one another.
Intranet
A
network designed for information processing within a company.
ISDN
Acronym
for Integrated Services Digital Network.
A worldwide digital communications network evolving from existing telephone
services. ISDN is built on two main types of communications channels: a B
channel, which carries data at a rate of 64 KBPS (kilobits per second), and a D
channel, which carries control information at either 16 or 64 KBPS.
ISP
Acronym
for Internet service provider. A
business that supplies Internet connectivity services to individuals,
businesses, and other organizations.
J
Java
An
object-oriented programming language, developed by Sun Microsystems. Similar to
C++, Java is smaller, more portable, and easier to use than C++ because it is
more robust and it manages memory on its own. Java was also designed to be
secure and platform-neutral (meaning that it can be run on any platform) through
the fact that Java programs are compiled into bytecodes, which are similar to
machine code and are not specific to any platform.
L
LAN
Acronym
for local area network. A group of
computers and other devices dispersed over a relatively limited area and
connected by a communications link that enables any device to interact with any
other on the network.
Lithium
Ion Battery An
energy storage device based on the conversion of chemical to electrical energy
in "dry" chemical cells. The laptop industry is quickly adopting
lithium ion batteries because of their increased storage capacity over both
nickel cadmium and nickel metal hydride batteries.
M
Marketing
Automation An
emerging category of software tools that focus on applying software technology
to aid in marketing. Specific tasks
tackled by some of these programs include: Lead Management, Campaign Management,
Data Mining, Intelligent Marketing Assistance.
Marketing
Encyclopedia An
application that stores, in a conveniently accessible format, any piece of
information a sales person might need to help their customers make a purchase
decision.
Middleware
Software
that sits between two or more types of software and translates information
between them. Middleware can simplify integration of SFA and ERP systems.
MPEG
Acronym
for Moving Pictures Experts Group.
A set of standards for audio and video compression established by the Joint ISO/IEC
Technical Committee on Information Technology. The MPEG standard has different
types that have been designed to work in different situations.
Multimedia The
combination of sound, graphics, animation, and video.
Multitasking
A
mode of operation offered by an operating system in which a computer works on
more than one task at a time.
N
Netcasting
To
send data or a program from a server to a client at the instigation of the
server.
O
Offline
In
reference to one or more computers, being disconnected from a network.
OLAP
Database Short
for online analytical processing
database. A relational database system capable of handling queries
more complex than those handled by standard relational databases, through
multidimensional access to data (viewing the data by several different
criteria), intensive calculation capability, and specialized indexing
techniques.
OLE
Acronym
for object linking and embedding. A
technology for transferring and sharing information among applications. When an
object is embedded in a compound document, the document contains a copy of the
object; any changes made to the contents of the original object will not be seen
in the compound document unless the embedded object is updated.
OMS
Acronym
for opportunity management system, a software tool to help manage sales
opportunities as they flow through your structured selling methodology.
Most often associated with big-ticket, long sales cycle sales processes.
Online
In
reference to one or more computers, connected to a network.
P
Palmtop
A
portable personal computer whose size enables it to be held in one hand while it
is operated with the other hand.
PC
Card (PCMCIA card) A
trademark of the Personal Computer Memory Card International Association (PCMCIA)
that is used to describe add-in cards that conform to the PCMCIA specification.
A PC Card is a removable device, approximately the same size as a credit card,
which is designed to plug into a PCMCIA slot.
PDA
Acronym for Personal Digital Assistant. A
lightweight palmtop computer designed to provide specific functions like
personal organization (calendar, note taking, database, calculator, and so on)
as well as communications.
PIM Acronym
for personal information manager. An
application that usually includes an address book and organizes unrelated
information, such as notes, appointments, and names, in a useful way.
POTS
Acronym
for Plain Old Telephone Service. Basic dial telephone connections to the public switched network,
without any added features or functions. A POTS line is nothing but a phone line
connected to a simple desktop telephone.
Proposal
A
sales document designed to help a customer make a purchase decision by providing
all relevant information, such as a price quotation and terms & conditions.
The sales proposal artfully summarizes your sales message and guides your
prospect to a final decision.
Q
Quotation
A
sales document designed to provide detailed pricing information on an itemized
list of products.
R
Relationship
Marketing The
ongoing process of identifying and creating new value with individual customers
over the lifetime of the relationship.
Replication
In
a distributed database management system, the process of copying an object
(file, data, doc. Etc.) to the
other parts of the network. Not to be confused with database synchronization.
Report
Generator An
application, commonly part of a database management program, that uses a report
"form" created by the user to lay out and print the contents of a
database. A report generator is used to select specific record fields or ranges
of records, to make the output attractive, and to specify such features as
headings, running heads, page numbers, and fonts.
Reengineering
With
regard to corporate management, using information technology principles to
address the challenges posed by a global economy and to consolidate management
of a rapidly expanding work force.
ROI
Acronym
for return on investment, a method to assist management decision making by
evaluating the return on various investment alternatives.
S
Sales
Forecasting A
measure of the sales volume, both revenue dollars and product unit sales
projections, a sales team expects to realize during a designated future time
period.
Sales
Metrics A
process to rigorously measure and critically analyze the flow of customers
through your structured selling methodology.
Sales
Impact The
ability of a SFA program to automatically take proactive steps, throughout the
sales cycle, to help sales people take better care of their customers.
Sales
Cycle A
sequence of steps, from the customers perspective, that a typical customer
follows on their way to a purchase decision.
SFA Acronym for Sales Force Automation that generally refers to all software solutions that might help sales people take better care of their customers.
SOHO
Acronym
for Small Office/Home Office, referring here to very small sales workgroups.
Structured Selling Methodology A sequence of steps, from the sellers perspective, sales people should follow to help their customers reach a purchase decision in a timely manner. Ideally, these steps should complement the customers own sales cycle.
Synchronization,
database Managing
changes in multiple database files to assure that changes made in one file are
distributed to all files in a structured manner. The synchronization process must also detect and
resolve collisions, multiple changes to the same data field, in a structured
manner.
T
T1
A
high-bandwidth telephone line that can handle 1.544 MBPS or 24 voice channels.
T1 lines are commonly used by larger organizations for Internet
connectivity.
TDM
Acronym
for time-division multiplexing, a form of multiplexing in which transmission
time is broken into segments, each of which carries one element of one signal.
Telecommuting
To
work in one location (often at home) and communicate with a main office at a
different location through a personal computer equipped with a modem and
communications software.
Telesales
Selling
over the telephone, primarily outbound in a business-to-business environment.
Telemarketing
Selling
over the telephone using a scripted sales message, primarily to consumers, both
inbound and outbound.
Territory Management A methodology for placing sales people in the field to call on customers and prospects that optimizes market coverage while balancing workloads.
TES
Acronym
for Technology Enabled Selling, a concept promoted by east coast, gas bag
consulting firms.
Throughput
A
measure of the data transfer rate through a typically complex communications
system or of the data-processing rate in a computer system.
U
Uplink
The
transmission link from an earth station to a communications satellite.
Upload
In
communications, the process of transferring a copy of a file from a local
computer to a remote computer by means of a modem or network.
W
WAN
Acronym
for wide area network, a communications network that connects geographically
separated systems.
Web
Browser A
client application that enables a user to view HTML documents on the World Wide
Web, another network, or the user's computer; follow the hyperlinks among them;
and transfer files.
Web
server Server
software that uses HTTP to serve up HTML documents and any associated files and
scripts when requested by a client, such as a Web browser. Web servers are used
on Web and Intranet sites.
Windows
CE A
scaled-down version of the Microsoft Windows platform designed for use with
handheld PCs.
Windows
95 An
operating system with a graphical user interface for 80386 and higher
processors, released by Microsoft Corporation in August 1995. Intended to
replace Windows 3.11, Windows for Workgroups 3.11, and MS-DOS, Windows 95 is a
complete operating system, rather than a shell that requires MS-DOS, as does
Windows 3.x. For backwards
compatibility, Windows 95 can run MS-DOS software. The My Computer icon on the
Windows 95 desktop provides access to the system files and resources, and the
Network Neighborhood icon provides access to any network (if the computer is
attached to one).
Windows
NT An
operating system released by Microsoft Corporation in 1993. The Windows NT
operating system, sometimes referred to as simply NT, is the high-end member of
a family of operating systems from Microsoft. It is a completely self-contained
operating system with a built-in graphical user interface. Windows NT is a
32-bit, preemptive multitasking operating system that features networking,
symmetric multiprocessing, multithreading, and security.
Workflow
A
set of programs that aids in the tracking and management of all the activities
in a project from start to finish.
Workgroup
A
group of users working on a common project and sharing computer files, often
over a local area network.
World
Wide Web The
total set of interlinked hypertext documents residing on HTTP servers all around
the world. Documents on the World Wide Web, called pages or Web pages, are
written in HTML (Hypertext Markup Language), identified by URLs (Uniform
Resource Locators) that specify the particular machine and pathname by which a
file can be accessed, and transmitted from node to node to the end user under
HTTP (Hypertext Transfer Protocol). Codes, called tags, embedded in an HTML
document associate particular words and images in the document with URLs so that
a user can access another file, which may be halfway around the world, at the
press of a key or the click of a mouse. These files may contain text (in a
variety of fonts and styles), graphics images, movie files, and sounds as well
as Java applets, ActiveX controls, or other small embedded software programs
that execute when the user activates them by clicking on a link. The World Wide
Web was developed by Timothy Berners-Lee in 1989 for the European Laboratory for
Particle Physics (CERN). Acronym: WWW.
Copyright © 2004 by The Denali Group, Inc. (www.sellmorenow.com)