Customer Relationship Management (CRM) aims to establish long-term relationships with customers through understanding their individual needs and providing customized experiences. Traditional marketing focuses on mass marketing to expand market share, while CRM takes a more customer-oriented approach. CRM software allows companies to coordinate their customer approach across channels and departments by building a database of customer information and relationships to better target customers and improve sales and service. The benefits of CRM include increased customer loyalty and retention, lower customer acquisition costs, and better financial performance for companies that can create satisfied, repeat customers.