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What Are the Benefits of Customer Retention?

Confirmit

What Is Customer Retention? Customer retention refers to an organization’s processes and activities that aim at stopping customers from churning or switching to a competitor. Increasing customer loyalty is a key goal of any business, and contributes greatly towards sustainable growth.

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Your CX Playbook for Financial Services

Kustomer

Like any playbook, it should contain a stock of methods and go-to tips firms use to provide great customer service and create their ideal CX. Building a loyal customer base doesn’t just happen overnight. As customer trends shift over time, so will the contents of a CX playbook.

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The Top SaaS Metrics Your CSM Team Needs to Monitor

ClientSuccess

In the Software-as-a-Service (SaaS) space, it’s important to follow the right data points in order to make smart, customer focused decisions. 1: Customer Retention Rate. Your sales team will tell you: getting new customers can be difficult. Tip: Struggling with improving your customer retention?

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From measurement to management: why investing in improving relationship health pays dividends

Qualtrics

Customer relationship measurement is simply translating customer relationships into metrics, such as Net Promoter Score (NPS) , customer retention cost, Customer Effort Scores (CES) , and more. Obsess about scores. But your work isn’t done once you can see your scores in a dashboard.

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15 Customer Success Predictions for 2021

ChurnZero

As Customer Success hadn’t yet shown to be indefensible at every company, You Mon had cautioned that the function would need to prove itself. Customer Success teams rose to the challenge of retaining customers during a global health and economic crisis. Traditional health scores factors will be reprioritized.

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A Primer on the 3 Most Important CX Metrics: NPS, CSAT and CES

InMoment XI

When you start your CX efforts, you need to consider how to measure it. But “it” is a multi-layered concept, and to truly understand customer experience at scale, you may need to track three very important metrics. What Is Customer Experience? What Is Net Promoter Score (NPS)? Customers who are promoters score 9 or 10.

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Customer Success Metrics—4 Categories to Measure Customer Success Performance

ClientSuccess

Revenue Retention Rate (Gross & Net). Customer Retention Rate/Customer Churn Rate. Customer health metrics help SaaS companies identify customers and users that are getting impact from a solution and that are highly likely to renew or churn. Here are the top five customer success health metrics.

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