The popularity of EspoCRM is increasing due to the rise of digital transformation trends

(PRUnderground) October 18th, 2020

The pandemic has adversely affected the global economy, infrastructure, and society. Its massive, detrimental impact and rather slow recovery processes have caused economic and social uncertainty and led to increased fear of another financial and economic crisis. Furthermore, the current situation has posed a lot of serious challenges to all companies, regardless of size and industry. In order to ensure the resilience of their businesses, companies have been forced to take proactive steps in optimizing business processes; adopting remote work models, and rethinking their development strategies. And, though some businesses managed to emerge from the present-day economic woes stronger than before, most faced considerable staff cuts, tighter project timelines, and budget reductions (especially in terms of marketing).

Apart from establishing new standards of living, the crisis has undoubtedly put the digital technologies at the forefront of the modern economy. As a result, in addition to implementing quarantine measures and mobilizing their resources, countries worldwide have encouraged businesses to reorganize their working process and to set a course for digitization. A prime example is Germany’s strategy, where the local government has established programs to support businesses in these difficult times, promptly putting innovative digital solutions into practice.

In response to the situation, many companies have started making their first moves towards digitization by adopting open-source solutions to keep their businesses afloat. As practice shows, more often than not, the businesses resort to open-source CRM implementation. The reason for this lies in its functionality and affordability. Open-source CRM software does not require a huge investment, and can be customized to fit the needs of a particular industry. Along with providing a broad set of features for sales and marketing automation, customer support, and accurate reporting, the platforms also allow companies to organize distance work in the short-term, mitigating any hardships they encounter, and keep up with their projects while staying safe and healthy.

The modern IT market abounds with open-source solutions, with more than 10 open-source CRM projects. The source code, new releases, update packages, and bug fixes are published on such popular platforms as GitHub and SourceForge, where they can be downloaded for free by anyone. Many open-source CRMs have already become household names, widely recognizable all over the globe; some are young and dynamically evolving. One of the examples of an actively developing open-source project with an enthusiastic community behind it is EspoCRM. It is a comprehensive customer relationship management solution that ensures a collaborative environment across your company’s various departments, providing a complete, shared view of customers, leads, projects, and more. The software is regularly updated, and its new version—6.0.0—has been announced to be released in October 2020.

There is no doubt that this crisis has accelerated the digital transformation of business. Companies were forced to react quickly and start playing the game according to new rules. Implementing open-source software provides businesses an opportunity not only to survive the storm but also to gain the extra points needed to remain on top in the post-COVID-19 world.

About EspoCRM

EspoCRM is an open source customer relationship management (CRM) tool developed by Yuri Kuznetsov, Oleksii Avramenko, and Taras Machyshyn. The initial stable release of EspoCRM was on May 23th, 2014. As open source software, it is available under GPLv3 (GNU General Public License version 3). EspoCRM was written in PHP and JavaScript; it is designed to be used on multiple operating systems, as it is a cross-platform software.

The post The popularity of EspoCRM is increasing due to the rise of digital transformation trends first appeared on PRUnderground.

Press Contact Name: Oleksii Avramenko Phone: 408-320-0380 Email: Contact Us Website: https://www.espocrm.com/

Original Press Release.

Latest News

Stocks rise as China confirms trade deal signing next week

Oct 28, 2020

NEW YORK — U.S stocks climbed in morning trading on Thursday as investors cheered confirmation from China that its top trade official will head to Washington next week to sign a preliminary trade deal. The “Phase 1” accord is the opening step on a possible path toward a broader agreement between the nations. President Donald Trump has said he will travel to Beijing after the initial signing to start the second stage of talks. Every major index is on track for a record as Wall Street distances itself from a bout of anxiety over the last week because of tensions...

Space Force will start small but let Trump claim a big win

Oct 28, 2020

WASHINGTON — The Trump administration is celebrating the launch of Space Force, the first new military service in more than 70 years. In signing the 2020 National Defense Authorization Act that includes Space Force, Trump on Friday can claim a victory for one of his top national security priorities just two days after being impeached by the House. It is part of a $1.4 trillion government spending package — including the Pentagon's budget — that provides a steady stream of financing for Trump's U.S.-Mexico border fence and reverses unpopular and unworkable automatic spending cuts to defense and domestic programs. Space...

House passes $1.4T government spending bill amid impeachment

Oct 28, 2020

WASHINGTON — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to tow an unusually large haul of unrelated provisions into law, including an expensive repeal of Obama-era taxes on high-cost health plans, help for retired coal miners, and an increase from 18 to 21 in the nationwide legal age to buy tobacco products. The two-bill package,...

Stocks rise on Wall Street as rally stretches to fourth day

Oct 28, 2020

NEW YORK — U.S. stocks rallied Monday, rising with European and several Asian markets following surprisingly strong reports on China's economy. Growth in factory activity and retail sales in the world's second-largest economy both beat analysts’ expectations for last month. That layered on top of optimism from last week’s long-awaited “Phase 1” trade deal between China and the United States, which removed some of the uncertainty that’s hung over businesses and investors. The interim trade deal is one of a “trifecta of positive catalysts” that swept through the market last week and could help support it through the end of...

Wisconsin Senate to vote on firing agriculture secretary

Oct 28, 2020

MADISON, Wis. — Wisconsin's Republican-controlled Senate prepared Tuesday to fire the state agriculture secretary appointed by Democratic Gov. Tony Evers, the latest in a series of skirmishes between the governor and the GOP that comes as Wisconsin is losing dairy farmers at a record pace. Republicans and Evers have been fighting since before Evers even took office. Republicans convened a lame-duck session to pass laws weakening Evers' power in December. This summer, Evers used his expansive veto to reshape the GOP-passed state budget, resulting in attempts in court and through a constitutional amendment to weaken his veto authority. And on...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!