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A strong brand identity can attract attention to your company and make your profits grow. But how to create it? Read right now!

A strong brand identity is the best way to attract attention to your company and make your profits grow. But maybe you don't know how to build a brand identity? That's okay ☝ Just click the link and read our article. We'll explain the issue by points, for you deserve a successful brand identity✅

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If you&rsquo;re looking for the right tool to automate your business processes, read our article. You&rsquo;ll find out how to choose the best CRM and ERP solutions.

Looking for the effective tool to automate your business processes? Click here ➤ and read all you need to know! What is ERP software? What system, CRM or ERP, does your company need? How to choose the best one of ERP solutions? You'll find out all these answers right here ✅

CRM vs ERP: What Will Perform Your Tasks

Do you want to know whether you need to build your own CRM system? Click here and find out the answer!

Do you want to know whether you need a unique customer relationship program? Click here ᐅ and find out the answer! ✅ We'll provide you with useful CRM information, so you'll get the idea of how to build your own CRM system and why you should make this very choice.

Do You Need to Build a Custom CRM System? 

According to Gartner, the market size of the custom CRM solutions will soon exceed $ 40 billion. Such an impressive figure is quite understandable: modern marketing is increasingly seeking to automate all and everything, and therefore successful companies monitor, analyze, and customize different aspects of data processing. Because forward-looking businessmen and investors know that it's difficult to draw the right conclusions and predict results without a reliable data management system. This applies to companies of any type, especially venture capital firms.
Manual data processing is possible only for the time being, and after a certain point, when the number of startups reaches 10-15, XSL tables can no longer satisfy your needs. And it's much more reasonable to implement a customer relationship management (CRM) system and, thus, automate these processes.
So let's discuss how mainstream CRM systems help VC firms improve their efficiency. Also, we're going to describe the best data analytics strategy and explain how to avoid CRM failures. We hope, you'll find our article useful.
<h2 dir="ltr" style="text-align: justify;">What data should be managed?</h2>
A lot of top-tier firms use data and CRM tools, and if you've decided to join the leaders, you should figure out what data management you need.
We'll tell you what type of information is being usually processed by traditional CRM solutions, and then it's up to you what to choose.
<h3 dir="ltr" style="text-align: justify;">Standard CRM offerings:</h3>
<ul dir="ltr">
<li style="text-align: justify;">contact management. Contacts may include information about startups' owners, partners, clients, etc.</li>
<li style="text-align: justify;">startups management. The feature helps to manage startups: keep track of new projects and check the status of old ones (both abandoned and accepted by your company).</li>
<li style="text-align: justify;">the deal flow, which contains everything related to transactions and relationships with startups and partners. The feature is aimed to help you see the history of your interaction with a particular company.</li>
<li style="text-align: justify;">fundraising and investments. We&rsquo;re talking about the processing of cash flows. You must clearly understand how much funds you've already allocated and to whom. And future investments should also be tracked.</li>
</ul>
You can expand the list as you please because effective CRM platforms mean reporting and tracking systems that meet your specific requirements. And you're the only one to know these requirements.
Still don't see why your company needs CRM? We're ready to explain your benefits by points.
<h2 dir="ltr" style="text-align: justify;">What CRM benefits do venture capitalists get?</h2>
Now we&rsquo;ll try to convince you that getting CRM systems for firms would be a great business decision.
We&rsquo;re not going to be unfounded, we have arguments in favor of creating market mainstream CRM solutions.
<img src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/3892/content_content_crm_2_1.jpg" alt="CRM solution" width="800" height="399" />
<ol>
<li style="text-align: justify;">Reduced costs, which is due to the automation of complex calculations (and other operations of the sort) and the formalization of business processes.</li>
<li style="text-align: justify;">Workflow optimization. Notifications (mail, SMS), reducing the number of unnecessary routine tasks, and simplification of data processing lead to a significant optimization of all activities.</li>
<li style="text-align: justify;">KPI-based management. For each process, you can select performance indicators (metrics) and start tracking them with your CRM solution.</li>
<li style="text-align: justify;">Standardization of business processes. The work of the company is being carried out according to a certain scheme incorporated in your mainstream CRM system. This also improves business efficiency.</li>
<li style="text-align: justify;">A powerful analytical tool, which provides comprehensive information about the current state of affairs in a company in real time.</li>
<li style="text-align: justify;">Increase in business transparency. The item in question logically follows from the previous one: with all the data at hand and the possibility of their detailed analysis, the business becomes more transparent (and therefore more trustworthy).</li>
<li style="text-align: justify;">Better internal communications. Among others, the company leverages a CRM system to store information about each employee, both public data (general contacts, his position, etc.) and confidential information (which is available only to management). Such an approach helps to strengthen the relationship in the teamwork. &nbsp;</li>
</ol>
<h2 dir="ltr" style="text-align: justify;">What to consider when choosing a CRM platform</h2>
You can implement a CRM system by building it from scratch or selecting one of the ready-made solutions. The second option isn&rsquo;t the most perfect, but it'll do if you have a limited budget or think that creating new CRM software for client management would take too much time.
Anyway, we strongly recommend that you take into account a few factors when choosing a CRM platform.
<h3 dir="ltr" style="text-align: justify;">Data storage security</h3>
Custom CRM solutions involve working with data, which means that there is a risk of losing the information, stealing it (in the case of hacker attacks), and other similar problems.
What could be done to improve data security? We&rsquo;ll give a few examples of appropriate measures:
<ol dir="ltr">
<li style="text-align: justify;">Encoding data. Each transmission must be secure and encrypted. The step is obvious but inevitable.</li>
<li style="text-align: justify;">Immune to hacker attacks. Again, such a security measure seems rather traditional, plain as a pikestaff, but logical at the same time.</li>
<li style="text-align: justify;">The use of several centers to store the data. Then you shouldn't be afraid of failures in the work of any of the centers. In the end, there are also others to keep your information stored.</li>
<li style="text-align: justify;">User security. Multiple measures should be provided to secure the processing of user data, including multi-stage authentication, limited access to information, session time, etc.</li>
<li style="text-align: justify;">Updates. And, of course, the security system must constantly evolve and improve.</li>
</ol>
<h3 dir="ltr" style="text-align: justify;">The problem of finding the perfect ready-made data management system</h3>
We guess everyone knows how to use CRM systems but what about finding the best one? Is it an easy task?
Of course not, because you need to choose the best one of the ready-made web-based management systems - the perfect tool which your whole company is going to use. So, you may encounter a couple of difficulties, such as:
<ol dir="ltr">
<li style="text-align: justify;">Each project (as well as every venture capital firm) is unique, and the mainstream CRM system you've found is universal. You'll have to create a data management solution in accordance with your specific custom CRM requirements in order to be fully satisfied with the result.</li>
<li style="text-align: justify;">Sometimes it's difficult to meet the needs of all departments with a single software. In order to make sure everyone is satisfied, you should test the selected tool, compare it with other solutions, and take other similar steps. Otherwise, by choosing a system without such measures and disregarding the opinion of future product users, you just waste your time and money.</li>
</ol>
In general, the difficulties we&rsquo;ve described lead us to the next item, namely&hellip; &nbsp;
<h3 dir="ltr" style="text-align: justify;">Customization of ready-made CRM systems for firms</h3>
If you decide to take advantage of one of the existing CRM systems for firms, then, sooner or later, you'll have to customize the chosen tool and adjust it to your needs. Of course, you're unlikely to cope with the task on your own; you'll probably have to hire the following experts:
<ul dir="ltr">
<li style="text-align: justify;">backend and frontend developers. They'll be able to expand or customize the functionality of your mainstream CRM system, set up a dashboard, integrate new tools, and perform other similar tasks;</li>
<li style="text-align: justify;">UI/UX designer to help you redesign your data management platform and make it more intuitive and easy to use. Also, your company needs CRM which would fit into your corporate style.</li>
<li style="text-align: justify;">QA team to ensure the error-free operation of web-based management systems. Without these experts, you won't manage to succeed either!</li>
</ul>
<h4 dir="ltr" style="text-align: justify;">Additional points worth considering:</h4>
<ul dir="ltr">
<li style="text-align: justify;">access to API. If the CRM provider doesn't care to give you a free API, customization can become a difficult task;</li>
<li style="text-align: justify;">server data output format. The fact is that not all systems provide data in the convenient JSON format, and then it won&rsquo;t be easy to make any changes later;</li>
<li style="text-align: justify;">the programming language, in which CRM has been written. Such a parameter affects the issue of finding the right specialists. You must make sure the developers you hire are versed in this language.</li>
</ul>
<img src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/3891/content_content_crm_3_1.jpg" alt="mainstream CRM system" width="800" height="523" />
<h2 dir="ltr" style="text-align: justify;">How to select the best mainstream CRM system</h2>
So, you intend to select a ready-made CRM solution (or create one from scratch). But what to consider in the process of choosing a particular system (or drawing a list of requirements)? To figure out what to look for (or what task to delegate to the developer), answer the questions below.
<ol dir="ltr">
<li style="text-align: justify;">What is the list of features you want to get? All the CRM systems for firms are somewhat similar, but there are also nuances, of course. Say, the owner of the online shop wants to have a possibility to monitor buyers, and the representative of the venture capital fund should keep track of startups.</li>
<li style="text-align: justify;">How much time do you have to implement the CRM system you need? You won't manage to create data management software too quickly (especially when talking about developing from scratch). Customization of the existing tools may take some time either. These factors must also be borne in mind.</li>
<li style="text-align: justify;">What about pricing? There are free ready-made solutions as well as paid ones. Of course, the latter offer more advanced and flexible functionality. Determine your budget and think about how much you can allocate to implement a customer relationship management (CRM) system.</li>
<li style="text-align: justify;">What is the size of your venture capital firm? The larger the company, the more advanced your mainstream CRM system should be. In addition, be sure to consider the project scaling factor: perhaps, you're planning to expand your company in the future?</li>
<li style="text-align: justify;">What are you using now for data management? Maybe, you already have an effective CRM platform, and you just want to add new features to it? Otherwise, if you're unhappy with the existing tool, then, of course, the best option is to abandon the old version in favor of the new one.</li>
</ol>
To get a successful CRM, you need to clearly understand your expectations. Do enough preparation, and only then proceed to the project implementation.
<h2 dir="ltr" style="text-align: justify;">Summary</h2>
We'd like to believe we've convinced you of the importance of competent data management, and now you understand how to leverage data and CRM systems to your benefit - so that it would lead to the company's growth and increasing business efficiency.
If you have questions left or need expert advice on the data analytics strategy, you're welcome to <a href="https://agilie.com/contacts" target="_blank" rel="noopener">contact us</a>!
&nbsp;

Every venture capital firm should find a reliable CRM solution. So click here and read all the details of choosing a CRM platform your VC company needs.

Every venture capital firm should find a reliable CRM solution ⚡ But how to select the most effective data management system? We have the answer! Click here ⇉ and read all the details of choosing a CRM platform your VC company needs!

Why Every Venture Capital Firm Needs a CRM Software and How to Select It

Сreate your MLP with us! We have a successful experience to share with you!

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Blockchain has become a paradigm shift that changes the operations of different industries. Nevertheless, like any other disruptive technology, a lot of myths and misconceptions have appeared. We should differentiate between fact and fiction to use blockchain technology effectively and responsibly. We can better understand what blockchain is (and isn&rsquo;t), how it functions, and the varied applications it holds besides cryptocurrencies by clarifying these misconceptions.
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Blockchain is not just about Bitcoin; it is the technology that can transform different fields. 

Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.

Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Blockchain is not just about Bitcoin; it is the technology that can transform different fields.&nbsp;
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.
</li>
<li dir="ltr" aria-level="1">
Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">&nbsp;Myth 1: Blockchain and Bitcoin Are the Same</h2>
Among the most common myths about blockchain technology is the confusion between the blockchain and Bitcoin. Blockchain and Bitcoin were created simultaneously, so they are widely believed to be the same thing. However, we must understand that blockchain is a much broader term. It is the technology that created Bitcoin. While Bitcoin is indeed the first and most famous application of this technology, equating the two is like saying that Google is the Internet.
Blockchain is a decentralized digital ledger technology (DLT) that records transactions across multiple computers so that the records cannot be altered retroactively, without the alteration of all subsequent blocks and the consensus of the network.
This makes blockchain a naturally secure and transparent method of data and transaction recording.&nbsp;
Bitcoin is a type of digital currency based on blockchain technology and used for secure, anonymous, and decentralized financial transactions. The blockchain of Bitcoin acts as a public ledger for all the transactions in the Bitcoin network, thus, it is possible to transfer digital currency securely without the use of intermediaries like banks or governments.&nbsp;
Blockchain technology can be much broader than purely financial transactions. It can be used in different industries with various aims. Nowadays, many businesses are studying how blockchain can improve their operations (read more about <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise blockchain development</a> and <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise-grade blockchain development</a>).

Here are a few examples:
Healthcare: Blockchain can guarantee the safety of medical records storage and sharing. Thus, they are only available to authorized personnel and patients and lead to quicker diagnosis and treatment.​
Financial Services: Blockchain is a viable solution for international payments, real-time settlements, and improving transaction transparency and security.
Digital Identity:&nbsp; Blockchain can correct identity theft and fraud by adding digital identities that cannot be changed. For example, Estonia's e-Residency program is the first of its kind, a government-issued digital identity that allows entrepreneurs from anywhere in the world to operate and conduct business online in the EU.
Real Estate: Blockchain can simplify property transactions such as sales, leasing, and financing by reducing paperwork and improving transparency.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/the-evolution-of-blockchain-from-bitcoin-to-business-applications" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280829344.png" width="100%" height="100%" />Learn more about the evolution of Blockchain from Bitcoin to business applications.</a>
<h2 dir="ltr">Myth 2: Blockchain Transactions Are Always Anonymous</h2>
A frequent mistake people make about blockchain technology is that it is automatically anonymous to its users. However, the truth is more nuanced. Blockchain transactions are not strictly anonymous but pseudonymous.
Pseudonymity means that a user's identity is not directly tied to their blockchain transactions but rather to a digital pseudonym, typically a public key or a blockchain address. These addresses are like a sequence of letters and numbers, giving privacy but not total anonymity.
In contrast, anonymity would mean that the transactions are entirely disconnected from any identity, even a pseudonym, making them untraceable to the user. Blockchain does not usually provide this level of anonymity because the transaction history of each blockchain address is visible to anyone who accesses the blockchain.
Most blockchains are open ledgers, meaning that all transactions are visible to anyone who wishes to view them. This level of transparency ensures that while users' identities are not directly exposed, their transaction histories and patterns can be analyzed.<span style="font-size: 11pt; font-family: Roboto, sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> 
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280901953.png" />
While basic blockchain transactions offer pseudonymity, several enhancements and tools can increase privacy:
1. Mixing Services: Services like CoinJoin allow multiple users to combine their transactions into a single transaction with multiple inputs and outputs. This mixing blurs the traceability of any single coin, making it more difficult to link wallets with identities.
2. Privacy-Focused Cryptocurrencies: Some cryptocurrencies, like Monero and Zcash, are designed specifically to enhance privacy. Monero uses ring signatures and stealth addresses to hide the transactions&rsquo; origins, amounts, and destinations. Zcash allows users to shield transactions completely through its zk-SNARKs technology, which enables transactions to be verified without revealing the sender, receiver, or amount.
3. Use of Multiple Addresses: Users can increase their privacy by using multiple wallets or addresses, dispersing their transactions across several points, which makes it more challenging to link them to a single identity.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/blockchain-tech-trends-how-to-stay-ahead-of-the-curve" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280997458.png" width="100%" height="100%" />Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.</a>
<h2 dir="ltr">Myth 3: Blockchains Are Unhackable</h2>
The idea that blockchains are completely unhackable is a frequently held misconception that can cause a dangerous level of complacency in security measures. While blockchain technology does offer robust security features, it is not immune to vulnerabilities. Knowing the security features employed and the situations in which breaches happen is very important for anyone who wants to use blockchain for their business.
Blockchain technology secures data through several mechanisms:
Cryptography: Every transaction on a blockchain is secured using cryptographic algorithms, which ensure that data can neither be altered nor read without the appropriate cryptographic key.
Decentralization: By distributing copies of the ledger across a network, blockchain reduces the risk of a single point of failure that could compromise the entire system.
Consensus Protocols: Blockchains use various consensus mechanisms, like Proof of Work (PoW) or Proof of Stake (PoS), to agree on the validity of transactions. These protocols prevent a malicious actor from changing even a single aspect of the blockchain.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281102044.png" width="100%" height="100%" />Learn more about our blockchain software development services.</a>
Despite these security measures, there are scenarios where blockchains can and have been compromised.
<h3 dir="ltr">Scenarios Under Which Breaches Have Occurred</h3>
51% Attacks: This type of attack happens when a single entity gains control of more than 50% of the network&rsquo;s mining hash rate or stake, allowing them to manipulate transactions and potentially double-spend coins.&nbsp;
Code Vulnerabilities: <a href="https://agilie.com/blog/secure-smart-contract-design-best-practices-in-solidity-programming" target="_blank" rel="noopener">Smart contracts</a>, which are self-executing contracts with the terms directly written into code, can contain vulnerabilities. One of the most famous incidents is the DAO attack on the Ethereum network. Hackers exploited a vulnerability in the DAO (Decentralized Autonomous Organization) smart contract code to siphon off one-third of the DAO&rsquo;s funds.
Phishing and Social Engineering: End-user security is often the weakest link in a blockchain system. Phishing attacks can allow attackers access to blockchain assets, bypassing network security measures, to steal private keys or wallet credentials.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281254703.png" />
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
The blockchain technology is often seen as highly popular and muddled at the same time.&nbsp; Falsified myths are only part of the misconceptions that can mislead such a fantastic technology. Similarly, proper professional knowledge and strategy can help blockchain perform to its potential in various fields.&nbsp;<a href="https://agilie.com/blog/your-own-cryptocurrency-from-scratch-everything-you-need-to-know-to-create-your-cryptocurrency" target="_blank" rel="noopener">Building your own cryptocurrency</a> can be a strategic move for businesses seeking to innovate and tap into new digital markets.
At <a href="https://agilie.com" target="_blank" rel="noopener">Agilie</a>, we understand that dealing with a complex environment is also a significant challenge. This is why we create powerful blockchain systems and wish to educate our clients regarding the breadth of blockchain-utilizing services. Therefore, such solutions can be tailored to your industry's concrete necessities and problems.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281316627.png" width="100%" height="100%" />Contact us to find out how our blockchain development services can help you achieve your goal.</a>

Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.

Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.

Blockchain Myths Debunked: Separating Fact from Fiction

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