InMoment XI

FEBRUARY 2, 2024

Studies have shown that companies that engage with customer feedback can see up to a 5-10% increase in customer retention rates. A Harvard Business Review study found that a 12-point increase in NPS leads to a doubling of a company’s growth rate. Responding to both positive and negative feedback can’t be overstated enough.

Hospitality 260

Hospitality Call Center Retail NPS 260

Beyond Philosophy

SEPTEMBER 8, 2022

The results were a 40-point increase in their Net Promoter Score® (NPS) over 30 months and a 10 percent increase in shipping volumes. It could be increased market share, improved NPS, or higher customer retention. The post 5 rules for a highly successful customer experience implementation with amazing ROI! Rule #2: Measure.

Case Study 97

Case Study ROI Study Customer Experience 97

ClearAction

OCTOBER 12, 2022

5 Best Experience Management Metrics Lynn Hunsaker. Why are experience management metrics the #1 challenge year after year? Quantifying CX ROI is the top challenge, per Pointillist’s 2019, 2020, and 2021 studies. This means current experience management metrics are insufficient! So, what’s the solution?

Metrics 62

Metrics Management Effort Score ROI 62

GetFeedback

AUGUST 14, 2019

Measuring just a piece of this journey can seem short-sighted or not as powerful as other CX metrics, like Net Promoter Score (NPS). CX shouldn’t ever be measured by one metric alone. Customers and their experiences are complex and nuanced, so there’s no perfect metric. Are you satisfied with customer satisfaction?

Customer Journeys 273

Customer Journeys Metrics How To Customer Satisfaction 273

Experience Matters

OCTOBER 2, 2017

We published a Temkin Group report, Net Promoter Score Benchmark Study, 2017. This is the fifth year of this study that includes Net Promoter® Scores (NPS®) on 299 companies across 20 industries based on a study of 10,000 U.S. consumers.

Net Promoter Score 133

Net Promoter Score Study Report NPS 133

Experience Investigators by 360Connext

JANUARY 28, 2020

Several reports on the biggest CX Challenges (as ranked by CX professionals) include proving ROI and developing and maintaining executive-level CX understanding and commitment among their top three concerns. Only 30% of Sales leaders strongly agreed they can even measure customer experience improvements , in a study by Oracle in 2019.

Customer Journeys 250

Customer Journeys Net Promoter Score ROI Metrics 250

CSM Practice

FEBRUARY 24, 2020

The answer varies for different companies, but the customer success team performance metrics below are an excellent place to start. As a customer success team leader , these metrics provide a solution to demonstrate the value of your customer success team to top executives and other teams. Customer Financial Metrics.

Metrics 59

Metrics Net Promoter Score Effort Score NPS 59

Experience Matters

OCTOBER 11, 2016

We published a Temkin Group report, Net Promoter Score Benchmark Study, 2016. This is the fifth year of this study that includes Net Promoter® Scores (NPS®) on 315 companies across 20 industries based on a study of 10,000 U.S.

Net Promoter Score 120

Net Promoter Score Study Report NPS 120

AskNicely

MARCH 30, 2017

That’s where Net Promoter Score (NPS) surveys can come to the rescue. Using NPS surveys – you can achieve all of the above and more. This post is the first in a eleven part series, where we’ll cover everything you need to know about NPS surveys and ultimately, how you can improve customer service, success and satisfaction.

NPS 150

NPS Net Promoter Score Customer Satisfaction Survey 150

Pointillist

MARCH 20, 2019

By Swati Sahai The importance of calculating your customer experience ROI cannot be overstated—how will you build, measure and regularly optimize your customer experience efforts if you don’t know the return on your CX investments? You need the quantitative ROI to make a strong business case and obtain approval for continued investment.

ROI 59

ROI Customer Experience Self Service How To 59

CSM Practice

FEBRUARY 24, 2020

The answer varies for different companies, but the customer success team performance metrics below are an excellent place to start. As a customer success team leader , these metrics provide a solution to demonstrate the value of your customer success team to top executives and other teams. Customer Financial Metrics.

Metrics 52

Metrics Customer Success Net Promoter Score Effort Score 52

CSM Practice

FEBRUARY 24, 2020

The answer varies for different companies, but the customer success team performance metrics below are an excellent place to start. As a customer success team leader , these metrics provide a solution to demonstrate the value of your customer success team to top executives and other teams. Customer Financial Metrics.

Metrics 52

Metrics Customer Success Net Promoter Score Effort Score 52

Comm100

DECEMBER 14, 2017

Study , or check the results of the change. Clearly defined metrics need to be selected upfront to ensure that the measurement is relevant. Measuring ROI on Customer Experience Projects. In order to measure ROI, you need to establish some metrics: Business Metrics. These need to be quantifiable to prove ROI.

Strategy 230

Strategy Customer Experience How To Effort Score 230

Thematic

FEBRUARY 11, 2024

The Sessions To dig deeper into AI, CX, EX and ROI, Medallia Experience had a packed agenda of sessions led by Medallia product people, consultants / speakers and practitioners. Chrissy Hura from Scientific Games did a great job explaining how her team links issues in digital experience to ROI. But they need to be managed centrally.

Conference 62

Conference NPS Hotels Self Service 62

Gainsight

OCTOBER 2, 2023

CS Operations is growing because it drives efficiency and squeezes more ROI from the CS organisation. CS Metrics Are Also Maturing As CS matures, the way that results are measured is becoming more sophisticated. But while NPS is popular, the use cases vary quite a bit. Want More Findings?

Customer Success 52

Customer Success Net Promoter Score NPS Case Study 52

Gainsight

OCTOBER 2, 2023

CS Operations is growing because it drives efficiency and squeezes more ROI from the CS organisation. CS Metrics Are Also Maturing As CS matures, the way that results are measured is becoming more sophisticated. But while NPS is popular, the use cases vary quite a bit. Want More Findings?

Customer Success 52

Customer Success Net Promoter Score NPS Case Study 52

delighted

DECEMBER 10, 2019

ROX is the new customer experience ROI. Although investing heavily in customer experience can be quantified with traditional return on investment (ROI) measurements, measuring the true impact of CX resource allocation requires a new paradigm: return on experience (ROX). Building your own CX ROI model.

ROI 40

ROI Measurement Customer Experience Effort Score 40

Zeisler Consulting

JUNE 30, 2021

Whether you’re using NPS, C-SAT, CES…whatever it is, you’re only hurting your own CX efforts. Not out of your top-line metrics, at least. But, if I ask you what it’s good for, I defy anybody to explain to me what you do with your NPS score. So now that you’ve got everybody on board with “How’s our NPS?”,

Effort Score 93

Effort Score NPS ROI Case Study 93

Horizon CX

MARCH 10, 2023

I admit to not having seen a serious evidence-driven study of the pros and cons, but through my work, I increasingly doubt the premise and offer some thought starters to consider. A permanent autonomous CX department often gets tasked with enterprise-wide metrics such as NPS yet no supervisory oversight, which sets up tension and conflict.

NPS 130

NPS System Meeting ROI 130

Beyond Philosophy

NOVEMBER 10, 2014

Here are some of the most comprehensive facts and figures that I’ve come across: A recent study of the Value of Customer Experience amongst two $1 billion+ businesses published in Harvard Business Review (HBR) managed to quantify the effects of good customer experience. I have a whole post that looks into this relationship in more detail.

Net Promoter Score 164

Net Promoter Score ROI Customer Experience Insurance 164

CloudCherry

DECEMBER 1, 2018

In a recent study of 1000 consumers, Customer Thermometer found that 70% of people have abandoned a survey before completing it, 45% of customers tend to ignore requests for feedback. Integrating your ticketing data with your CX data can help prove the ROI of proactive initiatives. In fact, only 9% of customers answer thoughtfully.

CEM 186

CEM CRM ROI Survey 186

Experience Investigators by 360Connext

FEBRUARY 9, 2021

The Three Areas of ROI. 70% of consumers with high emotional engagement spend up to two times or more on brands they are loyal to , according to a study by Cap Gemini. More Types of Customer Experience ROI. Well, frankly, it’s easier to track metrics like “new sales.” That sounds like a tremendous ROI to me.

Customer Experience 261

Customer Experience Effort Score Net Promoter Score Culture 261

CloudCherry

NOVEMBER 13, 2018

In a recent study of 1000 consumers, Customer Thermometer found that 70% of people have abandoned a survey before completing it, 45% of customers tend to ignore requests for feedback. Integrating your ticketing data with your CX data can help prove the ROI of proactive initiatives. In fact, only 9% of customers answer thoughtfully.

CEM 170

CEM CRM ROI Survey 170

ClearAction

SEPTEMBER 25, 2022

The CCXP exam has 100 multiple choice questions that are easier to answer when you have spent a few years in your career managing 5 areas: CX Strategy, Improvement & Design, Culture & Accountability, VoC & Intelligence, and Metrics & Analytics. These include NPS, Net Promoter System, and customer journey mapping.

Customer Journeys 62

Customer Journeys Study Customer Experience Professionals Financial 62

GetFeedback

SEPTEMBER 24, 2019

Before you worry about proving the ROI of a VoC program, focus on building relationships and trust with the key stakeholders in your company. Getting advocates to participate in case studies and referral programs would be a big win for marketers, and thus a win for CX leaders, too. Speak to the unique value of each stakeholder .

How To 150

How To ROI Policies Analysis 150

Thematic

APRIL 17, 2024

Transform into a meaningful structure: Customer experience analytics uses a mix of quantitative (metrics, trends) and qualitative (thematic analysis, topic analysis) techniques to transform this data into meaningful insights. The Value of Customer Experience Analytics to Your Organization Metrics that Matter : Go beyond sharing raw numbers.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Thematic

APRIL 17, 2024

Transform into a meaningful structure: Customer experience analytics uses a mix of quantitative (metrics, trends) and qualitative (thematic analysis, topic analysis) techniques to transform this data into meaningful insights. The Value of Customer Experience Analytics to Your Organization Metrics that Matter : Go beyond sharing raw numbers.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Thematic

APRIL 17, 2024

Transform into a meaningful structure: Customer experience analytics uses a mix of quantitative (metrics, trends) and qualitative (thematic analysis, topic analysis) techniques to transform this data into meaningful insights. The Value of Customer Experience Analytics to Your Organization Metrics that Matter : Go beyond sharing raw numbers.

Analytics 62

Analytics Customer Experience Analysis Effort Score 62

Waypoint Group

SEPTEMBER 12, 2018

What’s a good NPS score? The key metric, especially for growing B2B companies, should be an accelerated rate of profitable growth. On the other hand, if your NPS is trustworthy (more on that below) and improving but financial metrics are flat or declining then your company probably isn’t activating those promoters.

NPS 40

NPS Comparison Company Net Promoter Score 40

Playvox

JULY 31, 2023

However, some of the quickest ROI can come from the employee self-service (ESS) aspects of a WFM solution. Improvements in schedule adherence , occupancy rates , and efficiency mean the return on investment (ROI) on WFM is potentially enormous when you find an effective workforce management solution.

Self Service 85

Self Service Management Contact Center ROI 85

CloudCherry

JULY 18, 2018

And they’re right — a recent study by Forrester showed that organizations with a cross-team CX approach were nearly twice as likely to have exceeded their top 2017 business goals. Survey for Net Promoter Score (NPS). NPS is found to correlate with revenue growth and NPS leaders tend to grow at twice the rate of their competitors.

Customer Experience Management 170

Customer Experience Management Net Promoter Score Customer Experience Management 170

SurveySparrow

SEPTEMBER 15, 2023

Studies show that 86% of consumers are willing to pay more for a better customer experience ! In fact, a study by PWC shows that 73% of consumers point to customer experience as a key factor influencing their purchasing decisions. It is a data-driven endeavor that relies on specific metrics to provide insights. The best part?

Customer Experience 52

Customer Experience Net Promoter Score Effort Score Touchpoint 52

inmoment

OCTOBER 3, 2018

When it comes to metrics, the human race is a little obsessed. Those of us in customer experience (CX) take metrics even more seriously, and for good reason. CX metrics help us understand our company’s relative position, reinforce expectations and key behaviors in our teams, and quantify our level of impact and achievement.

Metrics 40

Metrics Case Study Social Media Groups 40

SurveySparrow

OCTOBER 18, 2020

So, it’s imperative to understand the various ways organizations use email and NPS surveys to reach out, collect feedback, and engagement ratio. But email survived the cut-throat competition because of stellar ROI, privacy, and affordability. . What is NPS? Before diving in, let us look at NPS surveys.

NPS 52

NPS Net Promoter Score Survey Tips 52

GetFeedback

OCTOBER 14, 2019

In fact, a Walker study found that by 2020, customer experience will overtake both price and product as the key brand differentiator. That will allow you to see the correlations of different metrics. . Oftentimes, this is because it can be difficult to get momentum behind initiatives that require more effort to prove the ROI.

Customer Experience 220

Customer Experience How To Knowledge Base Metrics 220

Solvvy

JULY 8, 2022

Quantitative metrics allow you to assign a number to the current state, compare it to the past, and track your company’s progress toward your goals. Customer Satisfaction Score (CSAT) and Net Promoter Score (NPS) are two of the most common tools businesses use to track how happy customers are. When and how to use those metrics.

NPS 106

NPS Metrics Customer Success Net Promoter Score 106

ClearAction

JANUARY 11, 2015

Metrics for Customer Experience Management. Metrics selection may be your most important decision for customer experience success. Metrics drive thinking and doing, because they communicate to executives and employees what matters most to the company, what will be visible to peers and the chain of command, and what will be rewarded.

Customer Experience Management 48

Customer Experience Management Metrics Customer Experience Management 48