article thumbnail

Q&A: Understand the Growth and Retention Metrics of SaaS Companies from Recent Surveys and M&A Activity

ChurnZero

The folks who we’ll work with that are like that probably have a larger annual contract value (ACV) and the Account Executives do the renewal work if they don’t have an actual Customer Success (CS) group or lead, so it’s more one-to-one. Each account rep that is doing sales is also doing renewal management and things like that.

SaaS 72
article thumbnail

Guest Blog: Instant Customer Service – Just Add Text Message

ShepHyken

For businesses, a study from McKinsey customer experience survey showed that when companies provide a low effort experience throughout the entire customer journey saw 10-15% increases in revenue and a 20% in customer satisfaction. He did – and in 2009 Zingle was born as the first two-way, business-and-customer communication platform.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Tried and Tested Methods For Improving Employee Engagement

Customer Guru

Source: Aon Hewitt European Manager Survey 2011. Here are a few easy ways to improve your employee engagement: Conduct periodic employee surveys. Also, many times, companies usually have surveys that garner data which is of no use. Surveys must have questions that are actionable. Aon Hewitt.

article thumbnail

Avoid Seasonal Highs and Lows with These Customer Experience Tips

CSM Magazine

It’s also a 50% increase from 2009’s record low of $4.06 When IVR systems are programmed to communicate business hours, billing information, and even certain types of account information, CX can be significantly improved without sacrificing functionality. In a survey conducted by Wakefield Research, 63% of U.S.

article thumbnail

5 Reasons Why Social Media Is Critical for Great Customer Service

Win the Customer

Research has shown that in the period between 2009 and 2014, the number of Twitter users using the platform for customer service doubled to 22%. In one Social Habit survey , 32% of respondents said they expect a reply within 30 minutes of contacting a brand on social media. 30% said they will switch to a competitor based on this alone!

article thumbnail

What impact is your Customer Success team having?

Amity

Since 2009, the popularity of customer success has increased 800%. It’s important to track Churn as a % of number of customer accounts lost, and Churn as a % of recurring revenue lost. Instead, the use of internal benchmarks is a much more for effective way to improve satisfaction within your accounts. Survey them.

article thumbnail

Brand Move Roundup – July 7, 2020

C Space

According to Gartner’s Annual CMO Spend Survey 2020 , “CMOs dismiss economic pessimism, as 73% expect COVID-19’s near-term negative impacts to be short-lived.” In fact, the majority of CMOs responding to this year’s survey believe the post-COVID-19 economic curve will be V-shaped.