Question

What are common methods of collecting and organizing prospect and account information

Answer 1

Methods of collecting and organizing prospect & account information-

1. CRM Account method

It will generate reports about the customers willingness to buy the products. So that demand for specific products can be projected in advance.

2. Portfolio Account model

Through this model the accounting information of clients get protected with high sensitive password and data integrity. As a result the interest of investors will be protected. Institutional investors also get a clear idea about the corporation's financial stability and liquidity position.

3. Networking model

It helps to identify the qualifying prospectus which contains the needs for target market products and services. So that it is easy to verify the selling reports with customer database.

4. Wheel method

This methodology will improve the quality of accounting prospectus by organizing on-site meetings, board discussion and Cold calls. Hence the GAAP rules will be effectively applicable to the business firms.

5. Online sources

Internet tools like- Linkedin, Facebook will help to create brand awareness and selling prospectus to the clients. So that the business will grow in long run.

Hence these are the common methods of collecting, prospect and organizing account information.