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The Psychology Behind Customer Retention and Loyalty

Experience Investigators by 360Connext

If a customer tries a new brand that fails to deliver on their needs—especially during the earliest interactions—they have little reason to support it. And this is about more than just customer service. That’s why the most successful companies prioritize customer retention and loyalty alongside acquisition.

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Automated Interaction Summaries: A Catalyst for Enhanced Efficiency and Engaging Customer Interactions

NobelBiz

One such technology is Automated Interaction Summaries. Automated Interaction Summaries are more than just a technological innovation; they are a catalyst for transforming customer service experiences. In such a dynamic environment, automated interaction summaries act as an effective tool to meet these demands.

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How Targeted Surveys Help Improve Your Customer Experience (CX)

InMoment XI

Are you focused on increasing customer retention by identifying customers who had a poor experience? Do you want to “grade” your outlets or employees on their ability to serve customers? Do you want to assess which specific customer-handling processes are and are not working? Principle #3: Ask the Right Questions.

Survey 556
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TSIA Interact: Key Takeaways

Education Services Group

This year’s virtual TSIA Interact was certainly no exception, with three days of sessions from TSIA researchers and industry-leading companies like Salesforce, Okta, Oracle, SAP, Cisco, Aruba, HPE, and Genesys, and even a session led by ESG CEO Michael Harnum. Brad Davis, Digital Customer Success Manager.

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6 Customer Retention Strategies that are Here to Stay

ClientSuccess

Increasing customer retention by 5% can increase profits by 25-95%. Around 89% of companies view customer experience as a key factor in driving customer loyalty and retention. Simply put, if you’re not retaining customers, you’re not moving forward, even if it may seem so. Shocker, right?

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Guest blog: 5 Customer Experience Trends for Financial Institutions in 2023

Comm100

In this article, we’ll share five customer experience trends that financial institutions should keep up with in 2023. What is Customer Experience in the Financial Industry? With that out of the way, here are five customer experience trends that will shape the financial industry in 2023 1. First, customers want it.

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Why customer retention is about more than just points

Currency Alliance

Apple is often cited as having the most loyal customers worldwide. But what drives their customer retention? To call some of their customers loyal is somewhat of an understatement. However as a brand it works as a reminder that loyalty points alone do not drive customer loyalty or improve customer retention.