Account Management
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What is Account Management?

account management

Account management is the practice of providing customers with service, support and improvement opportunities to increase their consumption of a product or service and maximize retention, cross-sell and upsell opportunities within the customer base.

Existing customers are a critical revenue source for almost every organization. Meeting organizational growth target requires sales leaders to establish key account management processes and tools that not only retain clients, but also enable account teams to identify, develop and execute on growth opportunities within their account base.

Role of Account Management.

Key account managers are now expected to provide service, resolve issues and maximize consumption and ROI — all while selling additional new products and services. Account managers are also expected to achieve growth by connecting multiple products together into complex solutions.

Selling these solutions is time-consuming and difficult, requiring a distinct skill set and attitude for account managers. Yet in many instances, these additional growth responsibilities have simply been added alongside traditional retention responsibilities for account managers. The result is a role so expansive sellers must inevitably choose among competing demands on their time.

Benefits of Account Management.

Increased customer satisfaction

Account management uses data from client accounts to ensure products and services meet the needs and expectations of clients. This helps improve the customer experience and avoid client disputes.

Increased growth potential


Account management strives to strengthen relations between customers and companies. Nurturing larger accounts helps create loyal customers, providing the organisation with steady long-term revenue streams.

Improved sales resource allocation

Account management can help you identify which customers are more likely to generate revenues and profits. This helps organisations find their target markets and where to focus their sales efforts.

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Account Details:

Account Holder: Form E Services
Account Number: 50200058593908
IFSC: HDFC0000101
Branch: Yagnik Road - Rajkot - Gujarat
Account Type: Current
Virtual Payment Address:9825444036@hdfcbank