1. Efficiency. By centralizing all referral information, you can easily track the progress of each referral and ensure that rewards are claimed promptly. This template eliminates the need for manual tracking and reduces the risk of missing out on potential leads.

2. Accountability. With clear visibility into the referral status and reward eligibility, you can hold both referrers and referrals accountable for their actions. This promotes transparency and trust in your referral program.

3. Growth. Customer referrals are a cost-effective way to acquire new customers and increase revenue. By using this template to track and manage referrals, you can optimize your referral program for maximum growth and success.