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Term Definition
Corporate accountAlso major account or national account; a marketing and sales term, most often used in business-to-business settings, referring to a large customer from whom the selling business generates significant revenue; depending on the amount of revenue and profit generated from a corporate account, the selling business may assign a dedicated account manager or account team to that customer
 
Corporate governanceThe rules dictating how various rights and responsibilities are shared between the various stakeholders in corporations, primarily management team members, directors, shareholders, and other financial stakeholders.
 
CovenantsLegal term for the terms of a contractual agreement that restrict the actions of one party. Restrictive covenants are typically written into financing agreements such as loan documents.
 
Customer Relationship Management (CRM)

(CRM, CIS, Customer Information Systems, Customer Interaction Software, TERM, Technology Enabled Relationship Manager) Enterprise-wide software applications that allow companies to manage every aspect of their relationship with a customer. The aim of these systems is to assist in building lasting customer relationships - to turn customer satisfaction into customer loyalty.

 

Customer information acquired from sales, marketing, customer service, and support is captured and stored in a centralised database. The system may provide data-mining facilities that support an opportunity management system. It may also be integrated with other systems such as accounting and manufacturing for a truly enterprise-wide system with thousands of users.

 


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