Chap 19 Discussion Board

Chap 19 Discussion Board - Chap 19 Discussion Board Cermco...

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Chap 19 Discussion Board Cermco produces and sells specialty customer relationship management (CRM) solutions to small and medium-size businesses in the United States and Canada. The company is more than 20 years old and has a steady, loyal customer base. A major reason for Cermco’s success lies in the ability of its product to easily integrate with various accounting and ERP systems. As a result, even when clients upgrade their entire accounting systems to expensive ERP solutions, they continue to use Cermco’s CRM because of its superior features. Annual revenues for Cermco’s three most recent years are about $11 million (20X3), $7 million (20X4), and $3 million (20X5), respectively. Overall interest expenses and operating margins have remained a relatively constant percentage of revenues. Cermco attributes the decline in revenues to declines in market share as a result of natural client turnover and the entrance of many other small competing software companies into the market. Nevertheless, Cermco’s CRM product continues to enjoy the highest industry ratings and a loyal
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This note was uploaded on 02/29/2012 for the course FORENSIC 101 taught by Professor ? during the Spring '12 term at Post.

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Chap 19 Discussion Board - Chap 19 Discussion Board Cermco...

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