ClientSuccess

NOVEMBER 7, 2019

Customer churn is an important metric all businesses need to measure. While it may not be the most satisfying metric, it allows your business to identify – and hopefully improve – your customer attrition rate. Your customer churn rate shows how many customers have ceased services with your company and abandoned your brand.

Strategy 40

Strategy eBook Metrics Trends 40

InMoment XI

OCTOBER 19, 2021

Over the last few weeks, there have been several announcements from large tech players in the world of VoC (voice of customer) and CX (customer experience). I thought I’d spend a moment explaining what these announcements mean for those of us who are VoC, CX and Customer Insights professionals. Let’s look into it.

Analytics 493

Analytics Data Customer Experience Social Media 493

InMoment XI

JULY 11, 2023

In an era where customer expectations continually morph, businesses must always be a step ahead to keep their clients thrilled and engaged. Predictive analytics. What is predictive analytics,” you may ask. What Is Predictive Analytics? And the most effective tool brands can use to stay ahead of the curve?

Analytics 200

Analytics Customer Satisfaction Analysis Policies 200

InMoment XI

SEPTEMBER 29, 2022

For retail banks, and most organizations, collecting data is only half the battle in the world of customer experience. Whether it be transactional surveys , online reviews , or a market research report about your customers, the data you collect needs to not just be analyzed, it needs to serve as a road map of future business decisions.

Banking 493

Banking Retail Data Omni-Channel 493

ClientSuccess

JUNE 29, 2018

ClientSuccess hosted Lukas Quanstrom, CEO & Co-Founder, Ontic and 2017 Customer Success Innovator of the Year Finalist, for this month’s customer success webinar series: Churn Probability Score: How to Recognize Risks and Predict Customer Success. CPS will help you predict when that risk is going to occur. •

Customer Success 41

Customer Success How To B2B Customers 41

Uniphore

JUNE 17, 2021

3 Ways to Boost FCR and Reduce Customer Churn With AI & RPA. Few KPIs have a bigger influence on the customer experience than First Call Resolution (FCR). When customers call in with an issue, they expect it to be solved then and there. In fact, 63% of customers churn after a bad experience.*.

Self Service 182

Self Service Call Center First Call Resolution Social Media 182

Retently

JULY 11, 2022

If your company is charging the clients on a monthly basis, signing up new customers and keeping them onboard has an incredible impact on your revenue, growth rate and profits. If a customer is a Detractor , there’s a serious chance that they’ll cancel their subscription either in the next billing period or in the near future.

NPS 158

NPS Net Promoter Score Company Tips 158

Beyond Philosophy

JULY 13, 2023

From a strategic standpoint, organizations are losing opportunities to improve their ability to enhance their Customer Experiences with this impressive and impactful technology and, well,…building them wrong. For example, a large telecom company designed an AI system to identify customer churn.

How To 143

How To Competitive Advantage System Social Media 143

AWS Machine Learning

OCTOBER 18, 2022

Amazon SageMaker Canvas is a no-code ML tool that helps business analysts generate accurate ML predictions without having to write code or without requiring any ML experience. Canvas provides an easy-to-use visual interface to load, cleanse, and transform the datasets, followed by building ML models and generating accurate predictions.

Analysis 79

Analysis Data Telecommunications Training 79

Gainsight

MARCH 7, 2024

In the increasingly competitive digital landscape, customer success teams are the linchpins of retaining and expanding customer relationships. The key to their success lies in accurately gauging customer health through meticulously designed scorecards.

Analysis 52

Analysis Video ROI Measurement 52

ChurnZero

JUNE 14, 2022

Once the initial frustration wears off, your mind begins to play back all your interactions with the customer. Are you surprised they churned? If you don’t have a process to identify at-risk customers before they send the dreaded cancellation email, then this is the place to start. Go to school on why customers left in the past.

Strategy 98

Strategy B2B Meeting Customer Success 98

Totango

JANUARY 22, 2024

We polled our Customer Advisory Board (CAB) at the end of last year to gauge which way they saw the pendulum shifting for CS in 2024. In fact, 63% of CAB members said their top 2024 prediction was that businesses would put more strategic and bottom-line emphasis on expansion versus acquisition to drive revenue growth.

Customer Success 94

Customer Success Consulting Customers Leadership 94

TechSee

APRIL 3, 2018

Customer churn in the age of information is a fact of life for every business in every industry. Customers have unprecedented access to data, enabling easy comparisons of alternatives, as well as hassle-free provider changes with a simple click of a button. Customer churn formula. Happy customers = low churn.

Customer Retention 141

Customer Retention Technology Strategy Analytics 141

Gainsight

JULY 7, 2020

Churn (the amount of revenue lost from a company’s existing customer base each year) is a metric that rises to the top of most SaaS leaders’ minds; it is one of the most commonly tracked metrics in SaaS businesses. As a SaaS leader, some elements of churn are structural. Why is Customer Success a key piece of the puzzle?

Customer Success 97

Customer Success Management Metrics Software 97

delighted

AUGUST 10, 2022

Every business wants loyal and satisfied customers. Every business loses once-loyal and no-longer-satisfied customers for one reason or another. Customer churn is an inevitable part of running a company – but by measuring it, understanding it, and taking action to improve it, you can turn lost customers into opportunities.

Measurement 87

Measurement How To Customer Journeys Net Promoter Score 87

AWS Machine Learning

JANUARY 17, 2023

Understanding customer behavior is top of mind for every business today. Gaining insights into why and how customers buy can help grow revenue. Customer churn is a problem faced by a wide range of companies, from telecommunications to banking, where customers are typically lost to competitors. Churn prediction.

Training 71

Training Metrics Effort Score Data 71

Gainsight

MARCH 12, 2024

This is a very exciting time to be in the Customer Success (CS) profession. As economies and customer expectations shift and evolve, we as CS professionals need to evolve with them. One main topic of discussion that is getting a lot of attention in the CS space is how Customer Success can be more of a revenue-generating department.

Customer Success 52

Customer Success ROI Metrics Sales 52

SmartKarrot

JUNE 12, 2020

With so many SaaS companies offering similar products in different niches, customers have become central to their business. Companies have understood that to run a successful business, customer retention is as important as acquiring a new customer, if not more. Churn rate is the health indicator for any business.

Software 10

Software How To Analysis CRM 10

Gainsight

APRIL 8, 2024

The role of Customer Success has undeniably been one of change in the last few years. The Rise of Proactive Engagement Traditional customer service models focused on reactive problem-solving. Personalization at Scale As customer expectations continue to soar, personalization has become a cornerstone of successful customer experiences.

Customer Success 52

Customer Success Training Engagement Customers 52

SmartKarrot

MAY 11, 2020

Research studies show that customer retention is the main growth pillar for products and services in the subscription economy. In such a market, customers are free to select any product or service from a wide range of providers. Customers may quit even due to one bad experience. What is Customer Churn Analytics?

Analytics 10

Analytics Roadmap Analysis Customer Retention 10

ChurnZero

JANUARY 26, 2022

Improving Customer Retention and Account Management with the ChurnZero and HubSpot Integration. Reducing churn is at the forefront of all marketers’ minds. Reducing churn is at the forefront of all marketers’ minds. What does the data show about common reasons customers churn?

Customer Retention 97

Customer Retention Chief Customer Officer Customer Journeys Touchpoint 97

Beyond Philosophy

JULY 8, 2023

They fail to capitalize on the potential to enhance Customer Experiences through this powerful technology by building it incorrectly. Take, for instance, a telecom company that developed an AI system to detect customer churn. By changing their strategic approach, they could gain a significant competitive advantage.

How To 78

How To Competitive Advantage System Connections 78

Win the Customer

DECEMBER 11, 2023

In the evolving landscape of business, customer experience (CX) has emerged as the linchpin for success. For senior service managers, the ability to understand, measure, and enhance customer engagement is pivotal. Net Promoter Score (NPS) A fundamental metric, NPS reflects the likelihood of customers recommending your brand to others.

Customer Journeys 69

Customer Journeys Management Customer Experience Net Promoter Score 69

ChurnZero

MAY 11, 2021

Here’s a roundup of our top five takeaways for Customer Success professionals from TSIA Interact 2021. . . Companies who monetize Customer Success, see higher Net Promoter Scores (NPS). Automating customer onboarding results in higher annual recurring revenue (ARR). Customer Success Around the Web. Only 27.2%

Interaction 98

Interaction Net Promoter Score Customer Success Conference 98

ChurnZero

MAY 25, 2023

Customer renewals are the lifeblood of a subscription business. Responsibility for renewals often falls to the Customer Success (CS) team. For example, survey research shows about half (50.2%) of all CS teams surveyed are directly responsible for customer renewals. It doesn’t end there either. Degrees of confidence.

Customer Success 97

Customer Success Metrics Software Customers 97

ChurnZero

JUNE 11, 2021

Customer health scores give Customer Success teams a deep understanding of a customer’s health and are a leading indicator that there may be an issue with an account or customer. But a customer health score is only as good as the sum of its parts. What’s a Customer Health Score?

Measurement 96

Measurement How To Analysis Exercises 96

ChurnZero

OCTOBER 5, 2022

This is a guest blog contributed by Emily Ryan, chief client officer at Valuize , a B2B consulting company that helps industry-leading technology organizations supercharge their customer lifecycle to drive best-in-class net dollar retention. Define what customer health looks like for your business. Length of the relationship.

Metrics 94

Metrics B2B NPS Measurement 94

BirdEye

APRIL 17, 2023

It allows companies to leverage customer relationships to create a steady revenue stream. It also enables customers to automatically and conveniently repurchase a product or service they want to continue using. The customer can choose an evergreen plan that auto-renews each time indefinitely unless the customer explicitly cancels it.

Customer Retention 98

Customer Retention Consumers Strategy Tips 98

Thematic

FEBRUARY 19, 2024

trillion due to frustrating customer experiences annually. Good customer experiences aren’t just about aesthetics or functionality. Creating a customer experience (CX) that builds a connection with customers, demonstrates that you value their time and preferences. Better customer experience, better bottom line.

Customer Experience 62

Customer Experience Net Promoter Score Effort Score NPS 62

Thematic

FEBRUARY 19, 2024

trillion due to frustrating customer experiences annually. Good customer experiences aren’t just about aesthetics or functionality. Creating a customer experience (CX) that builds a connection with customers, demonstrates that you value their time and preferences. Better customer experience, better bottom line.

Customer Experience 62

Customer Experience Net Promoter Score Effort Score NPS 62

Magellan Solutions

AUGUST 18, 2023

Sales optimization enhances customer experiences, fosters brand loyalty, and drives long-term success. AI relies on sophisticated algorithms to predict purchasing behavior and categorize prospects based on their actions. Customers will likely return and recommend you to others. It goes beyond attaining targets.

Sales 98

Sales Tools Marketing Multi-Channel 98

Totango

FEBRUARY 12, 2021

What is customer churn ? The answer directly relates to your success at retaining customers and maintaining revenue levels. Read on to learn what you need to know about what customer churn is and how to calculate it. What Is Customer Churn? Any customers you don’t retain contribute to churn.

Customer Retention 81

Customer Retention Customers Analysis Course 81

Retently

MAY 2, 2023

The key to success for SaaS companies lies in prioritizing the positive experience of their clients through a customer-centric approach. While there are many ways to do that, measuring satisfaction levels and actively seeking relevant feedback is critical to improving customer journeys. What is NPS, CSAT, and CES?

Customer Journeys 146

Customer Journeys Survey Effort Score NPS 146

BirdEye

FEBRUARY 23, 2023

Artificial Intelligence (AI) is taking the world by storm, transforming how local businesses operate and interact with customers through digital channels. The rapid development of AI is creating a new era of innovation as companies seek to use technology to stay ahead of the competition and meet the evolving needs of their customers.

Customer Experience 94

Customer Experience Chatbots Analytics Touchpoint 94

Retently

AUGUST 29, 2022

But is social media an accurate indicator of whether or not real, paying customers are satisfied with a brand? NPS Measures Customer Satisfaction, Not Public Opinion. For a marketer or growth-focused small business owner, it’s essential to know how customers feel about your product.

Social Media 158

Social Media NPS Net Promoter Score Marketing 158

Optimove

SEPTEMBER 29, 2023

Optimove also ranked second for Customer Intelligence, and third for Measurement and Optimization. Gartner reported, “The critical characteristic of Challengers is that they have capable, proven and mature products, with numerous live customers, with an overall solid and well-recognized position in the marketplace,” the report states.

Marketing 78

Marketing Analytics Report ROI 78

Gainsight

MARCH 3, 2021

I’ve hosted get-togethers with Customer Success executives nearly every month for the past 8 years. In his recent post on 2021 predictions , Dave made a forecast that caught my attention: 8. As such, we invited Dave to a virtual happy hour with Customer Success executives. If a product is replaced for another, is that churn?

Self Service 116

Self Service ROI Metrics Customer Success 116