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Real time data look up in CRM Online

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I have a request from a client who would like not to store data in CRM online.  They would like CRM to do a real time look up for accounts, so when they go to an account view or account detail, CRM would make a real time call and retrieve the data from another system.  They mentioned that this functionality exists in Salesforce, but I haven't seen anything to indicate this is possible in CRM without a ton of complications and custom code.  Anyone have insight into real time look ups?  Have you done this or would you recommend it?  Thank you.


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