Lumoa

JUNE 30, 2022

The more your company invests in CX systems and teams, the more you’ll feel the positive impact on your customers (and your business metrics). There are a few common challenges when trying to make customer experience value visible across your company: Lack of good data Contact rate Competing priorities. Lack of good data.

Customer Experience 277

Customer Experience How To Metrics Feedback 277

Magellan Solutions

OCTOBER 18, 2016

Most businesses spend the majority of their resources on getting new customers that they tend to ignore their most prized asset: their existing customer base or network. “It It is cheaper to retain than acquire a customer,” says 70% of respondents from Econsultancy/Responsys Cross-Channel Marketing Report 2013.

Customer Base 40

Customer Base Social Media ROI Customer Retention 40

Playvox

SEPTEMBER 7, 2021

That’s why our recent G2 rankings are really meaningful: people who use Playvox every day once again ranked Playvox as a leader in the Contact Center Quality Assurance market in the recent G2 Grid® Report for Fall 2021. Ensuring your customer service teams are operating with full efficiency can be a difficult task. Best Estimated ROI.

Contact Center 52

Contact Center Report e-support Effort Score 52

Oracle

NOVEMBER 16, 2020

Make sure to check back each week to learn how Oracle CX customers are driving success and building customer relationships that last. In a responsive selling environment, businesses’ ability to react quickly to customer demands pays off in the form of measurable returns on their respective investments.

ROI 40

ROI Sales Ecommerce Comparison 40

NICE inContact

SEPTEMBER 20, 2019

Features like Workforce Management , Call Recording and even call advanced reporting functions like call tracking metrics are more easily accessible in a cloud environment. Your Contact Center represents the front line to your constituents and customers.

Contact Center 159

Contact Center Call Recording ROI Report 159

delighted

DECEMBER 10, 2019

ROX is the new customer experience ROI. Let’s get right into it — how customers perceive your brand can influence the success of your business more than ever before. Expected Customer Experience (CX) impact on loyalty. But what exactly is the return? This couldn’t be more inaccurate.

ROI 40

ROI Measurement Customer Experience Effort Score 40

Wootric

DECEMBER 17, 2018

If this process is taking up your time, here’s how watchlists in the Wootric platform can automate it for you: #1 Alert service location leaders to local trends in customer feedback. If you’ve got a decentralized business structure, you’re likely creating performance reports for your various branches/franchises.

Trends 61

Trends Report Feedback NPS 61

Experience Investigators by 360Connext

FEBRUARY 6, 2024

We know CX teams can deliver significant business advantages: Satisfied customers are much more likely to purchase more Revenue grows 40% faster by providing personalized experiences Businesses achieve a 2.3x CX teams use a variety of metrics to guide their efforts, drive improvements, and measure ROI. Metrics matter for measurement.

Metrics 270

Metrics Effort Score Net Promoter Score Data 270

ClearAction

MAY 18, 2017

5 Radical Changes to VoC of the Future for ROI Maturity optimizecx. What’s the greatest challenge Voice of the Customer (VoC) managers face? Here are the radical changes I believe will be VoC of the future: (1) Let customers and employees give you feedback anytime , anywhere, any way. Value Chain Solution to VoC ROI.

ROI 54

ROI Feedback Survey Financial 54

Influitive

MAY 15, 2015

If you were to ask a group of community managers what keeps them up at night, you’d likely hear the same two or three concerns at the top the list: engagement , lack of resources and, of course, ROI. How communities can qualify leads, accelerate revenue opportunities, or engage customers. Download the report now.

ROI 61

ROI B2B Roadmap Metrics 61

Beyond Philosophy

NOVEMBER 10, 2014

The amount of Customers that leave does not represent small amount of business. There is sometimes a misconception that customer churn doesn’t represent much business, but this isn’t true. JD Power and Associates reported that the annual premiums paid by customers that switch insurance providers amount to $7.6

Net Promoter Score 164

Net Promoter Score ROI Customer Experience Insurance 164

Gainsight

SEPTEMBER 8, 2021

Organizations create dedicated roles to continuously improve CS functions to improve NRR or reduce costs by scaling up your customer base with the same CS headcount. That team of your in-house, expert thought partners is called Customer Success Operations. Have they been hands-on with data and reporting before?

Marketing 105

Marketing ROI Leadership Analysis 105

ClearAction

AUGUST 29, 2015

3 Types of Customer Experience Action Essential to ROI. If your recipe for customer experience ROI does not call for 3 types of action, it will probably flop. Addressing one at a time can help you save one customer at a time from defecting to your competition.

ROI 48

ROI Omni-Channel Customer Experience Employee Engagement 48

Influitive

AUGUST 3, 2015

In fact, the 2015 B2B Buyer’s Survey Report (sponsored by DemandBase and Demand Gen Report), found the top three resources that buyers rely on when researching potential vendors were: In addition, access to all of this information is making the buying cycle longer. Grow Your Customer Base. Increase social media buzz.

B2B 66

B2B Report Social Media Marketing 66

Beyond Philosophy

JANUARY 28, 2019

However, by adopting a renewed focus on the following five concepts in Customer Experience, you can overcome these challenges, and, perhaps more importantly, stay ahead of the competition. Focus on the ROI of CX improvement. A renewed focus on the ROI of your efforts is vital to the longevity of your CX program.

ROI 139

ROI Net Promoter Score Effort Score Groups 139

West Monroe

DECEMBER 6, 2022

With a massive rise of non-traditional challengers to banks, those which are not considering distributed banking strategies—comprised of open banking, BaaS, and embedded finance—will quickly fall behind in creating opportunities to connect with a younger customer base that’s quickly becoming the majority consumer.

Banking 52

Banking Industry Financial ROI 52

Optimove

JUNE 30, 2022

The cost of acquiring new customers is higher than ever; according to “The State of Fashion Technology,” a recent report by McKinsey & Company and The Business of Fashion, the global average CPM on Facebook has increased by almost 17% a year since 2018. How can marketers lead their companies through online advertising’s ROI crisis?

Marketing 52

Marketing Fashion Return on Investment ROI 52

NobelBiz

JANUARY 10, 2022

Managing entails not only establishing customer relations activities, but also monitoring their effectiveness, impact, efficiency, and profitability. To enhance customer connections, you must adopt a steadfastly ROI-driven mentality. As a result, ROI plays a critical role in contact center solutions !

Contact Center 52

Contact Center CRM Measurement Contact Center Software 52

TechSee

JANUARY 7, 2020

Accenture reports that 77% of consumers are no longer loyal to any particular brand, telcos must work harder than ever to retain their customer bases. The research indicates that there is little difference between the loyalty of customers whose expectations were exceeded and those whose expectations were simply met.

Customer Retention 136

Customer Retention Industry Telecommunications Effort Score 136

Thematic

APRIL 17, 2024

Customer experience analytics enables you to tailor experiences and offerings to precisely match the preferences of your target audience, outshining competitors who are still making decisions in the dark. Measurable ROI Customer experience analytics lets you demonstrate the return on investment (ROI) of your customer-centric efforts.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Thematic

APRIL 17, 2024

Customer experience analytics enables you to tailor experiences and offerings to precisely match the preferences of your target audience, outshining competitors who are still making decisions in the dark. Measurable ROI Customer experience analytics lets you demonstrate the return on investment (ROI) of your customer-centric efforts.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Thematic

APRIL 17, 2024

Customer experience analytics enables you to tailor experiences and offerings to precisely match the preferences of your target audience, outshining competitors who are still making decisions in the dark. Measurable ROI Customer experience analytics lets you demonstrate the return on investment (ROI) of your customer-centric efforts.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Magellan Solutions

FEBRUARY 20, 2024

Cost Savings Deloitte reports that 70% of businesses outsource to cut costs. With specialized service categories, they ensure tailored guidance for every customer, building convenience and loyalty. As a result, Nordstrom experiences consistent sales growth and a satisfied customer base.

Company 52

Company Chatbots Customer Satisfaction Abandon Rate 52

CX University

MARCH 18, 2024

The company leverages AI and machine learning to create custom and targeted experiences for customers based on their unique preferences, browsing history, and purchase behavior Benefits of Hyper-Personalization The shift towards hyper-personalization offers benefits for both businesses and customers. Customer Retention.

Customer Experience 52

Customer Experience Retail Customer Retention Loyalty 52

BirdEye

FEBRUARY 21, 2023

It’s especially important for local businesses looking to connect with their communities and grow their customer base. They also analyze data insights from analytics tools to provide reports and make recommendations on how to optimize the company’s social media presence best.

Social Media 98

Social Media Management Multi-Channel Analytics 98

SurveySensum

MARCH 20, 2024

With trends changing every day, customer expectations and needs are also evolving with the changing times, and if you fail to deliver the best to your customers then you will fall behind in this competitive marketplace. Now, understand the importance of creating a positive customer experience for your customers.

Customer Experience Management 52

Customer Experience Management Software Company Customer Experience 52

ShepHyken

SEPTEMBER 15, 2017

The 2017 Warc Toolkit, produced in association with Deloitte Digital, reports that 58% of CMOs around the world predict within the next five years, AI will need to be a necessary part of marketing strategies in order for a brand to succeed. Below are a few ways AIM can create higher levels of customer engagement.

Customer Engagement 196

Customer Engagement Engagement Marketing Fashion 196

SmartKarrot

DECEMBER 4, 2020

Before customer success was introduced, companies used to spend massive funds in acquiring the customers only to see them finally go. But as customer retention became a major goal for these companies, customer success ROI started paying off. So, how can we quantify those returns generated by customer success?

ROI 10

ROI Measurement Customer Success Return on Investment 10

ClearAction

FEBRUARY 27, 2017

Only 15% of voice of customer (VoC) programs are considered “very successful”* by their managers, according to the Temkin Group’s State of Voice of Customer Programs 2016 report. VoC reports do not speak the language of managers. Their charter is to solicit and report feedback from customers.

Voice of Customer 71

Voice of Customer Effort Score ROI Metrics 71

Optimove

JUNE 1, 2023

Why Market to Existing Customers? They bring in more revenue: “Companies that focus their marketing on existing customers see a 20% increase in revenues.” Gartner) They represent top marketing ROI: “Increasing your customer retention rate by just 5% can lead to an increase of 25%-90% in profit.”

Marketing 52

Marketing Multi-Channel Analytics ROI 52

Fox Metrics

JUNE 25, 2020

76% of respondents of the Adobe 2016 Digital Trends Report think that marketing has changed more in the last two years, than the previous fifty. Customers are moving to businesses that offer multiple channels, and it’s time you invest in expanding your marketing channels. Artificial Intelligence. Personalization. Interactive Content.

Trends 111

Trends Marketing Social Media Advertising 111

Gainsight

APRIL 14, 2022

One of the biggest paradigm shifts is an increased appreciation for the customer base. We can’t take our customers for granted — ever. Investing in customer success (CS) isn’t a nice-to-have anymore — or even merely a high priority — it’s existential. Demonstrate the ROI to Increase Corporate Spend in CS and CS Ops teams.

Chief Customer Officer 59

Chief Customer Officer Effort Score Customer Success Analytics 59

CSM Practice

SEPTEMBER 18, 2020

With the continuous growth of their customers and an increase in product complexity, Taylor challenged herself on how to best optimize her customer success team. They split the roles into three: Renewals Manager – reports to customer success, retention is the ultimate goal.

How To 52

How To ROI Customer Success Sales 52

BirdEye

NOVEMBER 20, 2023

Referral marketing is a strategy that encourages existing customers to refer new ones to your business. It’s an organic way that leverages the power of word-of-mouth — the most credible form of advertising — to grow your customer base. Yotpo Yotpo leverages customer reviews to boost referral efforts.

Software 63

Software Marketing Multi-Channel e-support 63

BirdEye

APRIL 20, 2023

Then work to encourage customers to leave reviews. Better ROI Localized lead generation can produce a better return on investment (ROI) by streamlining your marketing efforts to target customers who are more likely to convert. This is a great way to build a community of loyal customers and increase your customer base.

Social Media 98

Social Media Multi-Channel Metrics Effort Score 98

West Monroe

JULY 30, 2023

Do we have an overconcentration of customer base in a given vertical industry segment? Whether there’s a budget set aside or room to dig internally to reallocate, the shift to customer centricity will prove a strong ROI in today’s market. Are there early warning cues to signal attrition or runoff?

Banking 52

Banking Multi-Channel Financial Customer Centricity 52

ChurnZero

MARCH 11, 2020

Didn’t realize ROI. This makes downstream reporting and analysis much simpler, and we can avoid the risk associated with double counting customers and revenue. A note on “Didn’t realize ROI”. And today I see many of my customers doing the same thing. Performance (didn’t meet product/service delivery expectations).

Customer Journeys 52

Customer Journeys ROI Return on Investment Customer Success 52