Remove Benchmark Remove Customer centricity Remove industry standards Remove Upselling
article thumbnail

How to Increase Revenues with a Better Renewal Process

CSM Practice

A TSIA benchmark study on renewal rates showed that there is a 13.7 To do so, most organizations currently use industry standard CRM systems in combination with a marketing automation system. Resolving those problems result in increased renewal rate, increased adoption, and easier upsells.

article thumbnail

How to Improve Customer Experience: A Step by Step Guide

Lumoa

Voice of the customer: where to start? Define Roles Set targets Collect customer feedback Analyze the feedback Act on the feedback Close the loop with the customers Enhance customer-centric culture Recommended reading on Customer experience Why do you need Customer Experience Management?

article thumbnail

How to Improve Customer Experience: A Step by Step Guide

Lumoa

At the end, customer experience depends on the work of all departments: from customer service and customer success teams to marketing, product and HR. At the same time, committed leadership is essential to implement a comprehensive customer-centric approach. How to analyze customer feedback in different languages?