This document is a requirements specification for a new Customer Relationship Management (CRM) system for Company XYZ. It outlines the functional and technical requirements necessary for the system to replace the existing outdated solution. The functional requirements include essential features such as a 360-degree customer view, AI-powered insights, mobile accessibility, and advanced reporting capabilities. Additionally, it specifies integration requirements, vendor criteria, and proposal requirements for potential vendors. The document also details the evaluation criteria and selection process for vendors, emphasizing the importance of a detailed feature comparison and implementation timeline. Budget and timeline expectations are included, along with success metrics to measure the effectiveness of the new system. The document concludes by stating that only vendors who can meet all specifications should apply, ensuring a focused approach to selecting the most suitable CRM solution.