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Three Letter Acronyms – Metrics

Education Services Group

I’m not going to waste time trying to document how to correctly (mathematically) calculate all the three letter acronyms—but feel free to check out our Customer Success Definitions, Calculations, and Lingo…Oh My! Instead, I want to do some level setting on some specific metrics and flaws I see in the industry.

Metrics 98
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Customer Journey Mapping Examples for Beginners

InMoment XI

As customers go through the various stages in the sales funnel, they cross departments from marketing to sales to product to customer success and customer service. These touchpoints may include the end of the onboarding cycle in SaaS , order delivery in ecommerce, a customer support interaction.

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Average Survey Response Rate You Should Aim For

Lumoa

Benchmarking, in the general sense, is the process of documenting a company’s performance during any given period with the goal of comparing it to another period, often in the future. As you may have deduced already, the survey response rate benchmarking process consists of documenting the performance of your CEM system.

Survey 208
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The 15 Essential Customer Success Metrics & KPIs (How to Measure & Improve Them)

ProProfs Chat

And if you successfully increase customer retention rates by 5%, then you can boost profits by 25% to 95%. That’s one of the reasons why y ou formulate strategies to retain your customers. But without numbers or metric data in hand, coming up with any new strategy would only consume your valuable time. 1: Customer Churn Rate. #2:

Metrics 95
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How to Run an Effective Customer Experience Team Meeting

Experience Investigators by 360Connext

Great CX meetings start with a solid foundation in the form of a CX Charter — a simple document that answers these six questions: What is Our CX Vision? How Can We Prioritize CX efforts? What metric went up? And they quickly lose the humanity necessary to really stay focused on what it means to be customer-centric.

Meeting 364
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Rants of a Customer Success Analyst: The Chase in Customer Success

Education Services Group

I see a lot of chasing in Customer Success: chasing metrics that our data doesn’t support, chasing insight, chasing answers to the reason customers churn, and chasing a haven of exemplary plays and processes to mitigate risk and drive value. Stop chasing metrics without documenting the business outcomes they are driving.

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Rants of a Customer Success Analyst: The Chase is On!

Education Services Group

Last week, I listed out some common ideas and practices that we should not spend a lot of time chasing , leaving unanswered questions about what is worth the chase in Customer Success. Customer Success Maturity Assessments. You need a complete picture of your Customer Success organization’s maturity.