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Key Account

What is a Key Account? Definition and meaning

Key accounts are so-called key customers, i.e. important major and primary customers. They are of high importance to the company, as they are strategically significant or high-revenue, and are therefore given preferential treatment.

The key account manager, i.e. the dedicated contact for the respective key customers, therefore has the goal of increasing the revenue of each customer through customer-oriented working. The customer is accompanied and advised from the very beginning throughout the entire process.

It is therefore important to nurture the business relationship, build trust and continuously optimise customer processes.

Frequently asked questions

What does a key account manager do?
A key account manager looks after a company’s key customers. Their goal is to increase the revenue of each customer through customer-oriented working, and to accompany and advise the customer through the entire process from the very beginning.
Why are key accounts so important for companies?
Key accounts are strategically important or high-revenue and therefore carry a high level of significance. A well-nurtured business relationship, trust and optimised customer processes pay off. With customer management from projectfacts, these relationships can be looked after in a structured way.
What does key customer mean?
Key customer is the plain-English term for a key account, in other words an important major or primary customer that is strategically significant or high-revenue for the company.