Best Practices Articles

What is Lead Management Software?

What is Lead Management Software?

What is lead management software? A simple definition would go something like this: business process automation software that streamlines activities between marketing and sales to identify potential new business opportunities and enable the closing of sales.

Now, to explain what lead management is functionally, we have to spend a few more minutes analyzing the process of lead generation and closure of a business transaction. Typically, lead management software automates every step from start to finish, encompassing lead generation, management and closure. In this article, we will explore these few critical stages.

The key components of lead management software are: 1) integrated lead generation capabilities, including integrated marketing tools, 2) a repository like a CRM to manage and process all the leads, and 3) the ability to distribute those leads to various groups of partners for processing.

Each of these three phases requires an integrated set of capabilities to be in place in order for lead management to succeed. In other words, good lead management software doesn’t focus exclusively on lead routing and distribution capabilities, but it also enables users to generate leads with an integrated approach and distribute them to a diverse partner base efficiently.

Now, some of you may be thinking that, well, demand generation is beyond the scope of marketing automation software. That may be generally true, but advanced lead management software like that offered by ZINFI already comes with integrated demand generation capabilities. This out-of-the-box integrated capability significantly increases ease of use, reduces deployment and configuration time, and reduces operating costs.

The same applies to lead distribution and management. When you are trying to accommodate a variety of users within lead management software, the core capability must be linked to the creation of rules, groups, and dynamic management policies. Some of the policies may vary by region, territory, product types, etc., and the lead management software should be able to handle various go-to-market models without requiring the organization to spend boat loads of money in building customized customer configuration.

Finally, tracking and reporting of leads across the lead management lifecycle is incredibly important to drive return on investment (ROI). Your lead management software must have a powerful, dynamic analytical engine to provide detailed, step-by-step visibility into what is working and what is not.

When properly configured, state-of-the-art lead management software can provide deep insight into a variety of lead generation and management activities. It can also identify process gaps, areas ripe for improvement and potential user training requirements to maximize ROI from any marketing and sales investment.

Other Available Formats

Subscribe to Our Newsletters

Subscribe

Recognitions

partner-management-g2-summer-2021

ZINFI Continues to Receive Exceptional Scores in Latest G2 Summer Report for Partner Management Software

Press Release
partner-relationship-management-forrester-leader-q4-2020

Forrester Wave™ Partner Relationship Management Q4 2020: A Guide To The Future Of The Channel Industry

Press Release
2020-Evaluation-of-Through-Channel-Marketing-Automation-Platforms

Forrester Wave™ Through-Channel Marketing Automation Q2 2020: Learn why ZINFI is a leader in TCMA

Press Release
partner-management-g2-winter-2020

ZINFI Named Leader in Partner Management Software G2 Winter 2020 Report

Press Release
partner-management-g2-fall-2020

ZINFI Named a Leader as G2 Fall 2020 Reports for Partner Management Software: Learn why ZINFI is a leader in PMS

Press Release
partner-relationship-management-forrester-q4-2018

Forrester Wave™ Partner Relationship Management Q4 2018: Learn why ZINFI is a leader in PRM

Press Release