CSM Practice

FEBRUARY 24, 2020

Now more than ever, customer success leaders must use relevant and actionable customer success metrics to make guided decisions and strategies to deliver success. Together, we will examine metrics that quantify the overall financial health of a subscription-based business. Customer Health Metrics.

Metrics 52

Metrics SaaS Customer retention Upselling 52

Pointillist

JUNE 15, 2018

Much of the marketing world is still focused on customer acquisition, but to improve customer retention will yield f ar better ROI and cost about 5-25X less than customer acquisition. What is Customer Retention? Why Customer Retention Matters. My Customer Retention ?

Customer retention 110

Customer retention Analytics Airlines Personalization 110

ChurnZero

MAY 25, 2023

Even if CS doesn’t “own” renewals or expansions in your organization, having a command of the numbers is still important: just because you aren’t held directly responsible for collecting a signed contract does not mean you are not held indirectly accountable for customer retention. Below are recommended metrics to consider.

Upselling 97

Upselling Metrics Surveys Accountability 97

ChurnZero

MAY 3, 2019

If you want your business to be successful in the long run, it pays to give priority to customer retention. Landing a customer who will pay for life is like hitting the jackpot. After all, it takes five times more effort to land a new customer than to retain an old one. Relevant metrics related to product usage.

Customer retention 75

Customer retention CRM Upselling Sales 75

ClientSuccess

JUNE 19, 2019

If you think retaining an existing customer is expensive and unnecessary, try acquiring a new one. It will surely get your brain and bank account working overtime. Increasing customer retention by 5% can increase profits by 25-95%. By sequencing and prioritizing events, phone calls, special offers, handwritten notes, etc.,

Customer retention 73

Customer retention B2C Entertainment Consulting 73

Monet Software

JULY 30, 2019

How well agents perform their jobs, and how well they adhere to company policies and procedures has a direct impact on KPIs and other critical metrics. Since staffing accounts for as much as 70% of most call center budgets, performance analytics provide actionable intelligence that can impact forecasting and scheduling.

Analytics 48

Analytics Call Center Metrics Average Handle Time 48

Totango

JUNE 30, 2020

Communication during a crisis is about protecting your core asset, your customers. The digital transformation of business has shifted enterprise focus toward customer retention and the pursuit of long-term value. Challenges such as the ongoing COVID-19 pandemic only reinforce the importance of keeping the customers you have.

Best practices 126

Best practices Customer retention Metrics Enterprise 126

Pointillist

NOVEMBER 11, 2019

By Stephanie Ventura Metrics tracking is a vital element of every call center. However, aiming to track all possible call center metrics can lead to information overload. Instead, organizations must focus on metrics that yield the greatest insight. Why is FCR considered so essential? The reason?

First call resolution 74

First call resolution Call Center Metrics Benchmark 74

Totango

FEBRUARY 28, 2020

At the same time, an effective engagement strategy incorporates much more than 1:1 touchpoints, and considers engagements such as 1:many opportunities, including communities, events, advocacy, and learning. What is a Customer Engagement Strategy? These actions are the way we personalize our service to meet the demands of our customers.

Customer centricity 93

Customer centricity Metrics Upselling Enterprise 93

VirtualPBX

OCTOBER 11, 2023

To gain a full picture of the return on investment in VoIP software, consider these key metrics: Reduced staffing costs: Compare the expenses associated with managing a traditional phone system to those of a VoIP system. Calculate the potential revenue gains or customer retention benefits associated with enhanced customer service.

voip 104

voip Accountability Customer retention Technology 104

Totango

MAY 11, 2021

Stakeholder engagement and management is critical for customer retention. Performance metrics for evaluating and optimizing plan implementation. The first step is to identify the key stakeholders for a given account and their roles. Determine who the stakeholders are for specific accounts. Legal advisors.

Management 86

Management Best practices Journey mapping Metrics 86

Totango

JULY 8, 2021

Many of the companies we talk to today all have the same challenge: they are sick and tired of firefighting their customer accounts. Firefighting happens when you don’t have visibility into what is going on in your customer portfolio so you are constantly putting out fires, especially around renewal time.

Upselling 65

Upselling Accountability Customer retention Metrics 65

GetFeedback

MAY 9, 2019

Two customers can view the same experience in completely different ways due to many factors that influence their interpretation of events — their upbringing, cultural background, motivations, and much more. That’s why most companies struggle to meet the expectations of their customers.

Customer Experience 134

Customer Experience Metrics Journey mapping Feedback 134

Totango

DECEMBER 21, 2021

Milestone Messaging as a Customer Success Manager Automation Strategy. Effective customer success automation relies on the strategic use of technology to communicate with customers at key points and event triggers in their customer journey. Check-ins for Customers with Low NPS or CSAT Scores.

Management 107

Management Best practices Upselling Accountability 107

ChurnZero

JUNE 12, 2020

Who ensures the renewal process happens for all your accounts? Again, if you replied, “Customer Success Director or above,” you’re not getting the most value from leadership. They reactively respond to raised events or close their eyes and wait to see what happens with auto-renew clients. “If

SaaS 80

SaaS Metrics Customer retention Analytics 80

Fonolo

SEPTEMBER 14, 2023

The Top 7 Call Center Management Books Leadership opportunities may include training, helping with hiring, or managing a social media account; there are plenty of options, though, so don’t limit yourself to these three examples. Customer Loyalty and Retention Customer service goals include expanding your reach.

Contact Center 91

Contact Center Call Center Average Handle Time Construction 91

Babelforce

JANUARY 26, 2021

We’ve already mentioned customer happiness. Maintaining the morale of your customers keeps them loyal for a long time. As a result, you can achieve better customer retention that keeps your company profitable. A blended contact center has fewer customers calling in either of the single-direction contact centers.

Contact Center 52

Contact Center Average Handle Time CRM Interactive Voice Response 52

ClientSuccess

JANUARY 11, 2023

Regularly monitor customer performance and identify opportunities for improvement. Measure customer success metrics for meaningful insights. Focus on customer retention and long-term ROI. Advocate on behalf of the customer —even if it means making a sacrifice in terms of time, cost, or other resources.

Benchmark 80

Benchmark Upselling Education Best practices 80

delighted

OCTOBER 18, 2019

When you talk about measuring customer experience and satisfaction, three metrics inevitably come up as THE ones to use: Net Promoter Score (NPS) vs Customer Satisfaction Score (CSAT) vs Customer Effort Score (CES). Sean Mancillas, Customer Concierge at Delighted. Sean Mancillas, Customer Concierge at Delighted.

Metrics 40

Metrics Surveys Benchmark Feedback 40

Totango

JULY 15, 2022

This means that it’s more important than ever to keep a pulse on your customers (especially those who may be at-risk) and ensure you have a plan of action to protect your customer base. Leveraging the Detect Risk SuccessBLOC and Avoid Customer Churn . At-risk customers by CSM. Total revenue at risk.

Accountability 86

Accountability Enterprise Metrics Marketing 86

RapportBoost

OCTOBER 20, 2018

The event, hosted by Customer Service Experience and sponsored by Mitel , will cover: – optimizing live chat conversations with augmented intelligence. – designing a workflow for chat teams’ conversations with customers as well as their interactions with other team members. About RapportBoost. RapportBoost.AI

Contact Center 70

Contact Center Sales Average Handle Time Metrics 70

Education Services Group

JULY 20, 2021

As much as you automate to the customer, consider automating activities to your CSMs. Scheduling/automating QBRs and touchpoint tasks can be simple ways to help time manage accounts so the CSM doesn’t have to comb through their full account list each day or week. Do you foresee a rise in the implementation of this strategy?

Accountability 98

Accountability Chatbots Surveys Journey mapping 98

Nicereply

NOVEMBER 21, 2023

Strong NPS is the backbone of a thriving customer experience. Net Promoter Score is a measure of how positively your customers rate you and your products. This metric is predictive of how likely they are to repurchase from you in the future, which makes a good NPS score a strong indicator of future success and growth.

Surveys 59

Surveys B2B Feedback Education 59

Lumoa

SEPTEMBER 11, 2023

With customers willing to pay higher prices for quality service, every company is looking to upgrade its customer experience capabilities. Before developing a customer experience strategy, you need to identify the metrics against which you will measure your performance.

Customer Experience 83

Customer Experience Airlines Metrics Feedback 83

Lumoa

SEPTEMBER 11, 2023

With customers willing to pay higher prices for quality service, every company is looking to upgrade its customer experience capabilities. Before developing a customer experience strategy, you need to identify the metrics against which you will measure your performance.

Customer Experience 83

Customer Experience Airlines Metrics Feedback 83

CSM Practice

MAY 22, 2022

Why is it important to design a Customer Success framework ? . The recurring revenue model of the B2B SaaS industry pushes the Customer Success teams to retain and expand the existing customer base. But, customer retention and expansion are no joking matter! There is no stability without a framework.

Brand ambassadors 59

Brand ambassadors SaaS B2B Customer retention 59

TechSee

JUNE 16, 2022

If you want to stay ahead of the game, follow them on Linkedin, Twitter, or YouTube or try meeting them at key industry events – their enormous impact is bound to become a catalyst for change in the space. Eric Esguerra, Vice President, Customer Service & Operations at Miele Canada Ltd. Follow on LinkedIn.

Customer Service 251

Customer Service Chief Customer Officer Contact Center Consulting 251

SmartKarrot

NOVEMBER 2, 2020

Customer retention is very challenging for businesses especially in 2020. The unprecedented times and business environment have made it uncertain for business leaders on what steps to take to retain customers. So, retaining customers becomes necessary for any company to sustain itself in this economic turbulence.

Customer retention 21

Customer retention Consulting Consulting Marketing 21

Callminer

OCTOBER 22, 2019

Dedicated agents are assigned only to your account, giving your company their full time and attention. These agents usually handle one or two accounts in addition to yours, instead of a full slate. It can also be used to hold agents accountable for their performance and flag agents that might require additional training or correction.

Best practices 203

Best practices Call Center outsourcing Contact Center 203

Education Services Group

MAY 12, 2021

I must say, TSIA Interact Spring 2021 event was quite possibly one of the most engaging and insightful virtual events I’ve attended in the CS industry in my career thus far! I would be extremely interested to see data on how many leaders in services (Customer Success, support, education, PS, etc.) That’s a Wrap!

Journey mapping 98

Journey mapping Best practices Education Metrics 98

Totango

JULY 31, 2020

Customer retention is critical to success in today’s customer-centric economy. Onboarding sets the stage for customer retention by beginning a positive long-term relationship between you and your customer. Use Customer Goals and Objectives to Personalize Onboarding.

SaaS 127

SaaS Healthcare Customer retention Enterprise 127

AWS Machine Learning

SEPTEMBER 21, 2022

To achieve this, companies want to understand industry trends and customer behavior, and optimize internal processes and data analyses on a routine basis. When looking at these metrics, business analysts often identify patterns in customer behavior, in order to determine whether the company risks losing the customer.

Metrics 80

Metrics Marketing Big data Banking 80

Up Your Service

SEPTEMBER 22, 2018

Topics included disruptive technology, uberization of the workforce, data analytics, supply chains, employee culture, customer experience, and much more. Here are some of 10 of the top trends we take away from this positive and powerful annual event. Service is gaining in power. But the trend is unmistakable.

Engineering 74

Engineering Metrics Technology Employee engagement 74

CustomerSuccessBox

JANUARY 2, 2022

Eventful years like 2020 and 2021 have challenged the old traditions pertaining to Customer Success (CS). As we enter another year, Customer Success is poised to be more sophisticated. For example, if your firm belongs to an industry that sees ‘Business Outcomes’ as a KPI/metric, you invariably need to focus on that metric.

SaaS 52

SaaS Metrics Accountability Upselling 52

Hodusoft

JANUARY 17, 2024

By doing so, they don’t take into account the opportunities and revenue they lose by excluding languages and currencies that are outside the domain in which they work. Measuring all performance metrics is extremely critical to every contact center. Real-Time Analytics “If you can measure it, you can control it.”

Contact center software 52

Contact center software Contact Center Interactive Voice Response Multichannel 52

Lumoa

JANUARY 19, 2023

Project management, to ensure that projects are well organized, completed on time and meet key metrics. Here are some examples of tools you may want to take into account: Lumoa Birdeye AnyRoad Lumoa , for example, looks at any customer interaction, automates the analysis , and highlights the items with the biggest impact on your key KPIs.

Customer Experience 94

Customer Experience Metrics Feedback Analytics 94

Callminer

AUGUST 6, 2019

Call Accounting: Also known as call logging, these tools collect and record phone usage within a call center. Call Analytics: Essentially, speech analytics tools track metrics to enable reps and managers to evaluate the success of call campaigns. Track all of the important call center metrics. Speech/text analytics.

call center software 140

call center software Best practices Call Center Interactive Voice Response 140