CustomerSuccessBox

NOVEMBER 17, 2021

A major shift in the distribution model of software meant that SaaS metrics needed to evolve. We will be discussing all Net Revenue Retention in this blog. What is Net Revenue Retention? If you are a SaaS business, churn is your devil with the pitchfork. Customers are unsteady, they sometimes run off to your competitors.

Upselling 52

Upselling SaaS Metrics Accountability 52

PeopleMetrics

FEBRUARY 26, 2018

It has become all too common for B2B SaaS companies to survey their customers once a year through a moment-in-time customer relationship survey, with at least one section addressing the ultimate question of Net Promoter Score (NPS). If you are focused on customer retention, then you need to know the answer to?the

SaaS 96

SaaS Feedback Surveys B2B 96

SmartKarrot

MAY 28, 2020

Churn rate is the rate of customers or revenues lost by a company in a given time period. It is a common belief in the SaaS industry that the acceptable SaaS churn rate benchmarks is around 5% annually. It means that out of every 1000 customers if 50 customers are leaving your business then it is still acceptable.

Benchmark 10

Benchmark SaaS B2C B2B 10

Totango

SEPTEMBER 6, 2022

How to Make Quarterly Business Reviews Count. A quarterly business review (QBR) gives you four opportunities per year to showcase the value your product delivers to customers. In this article, we’ll cover the essentials of QBRs and how to make them work for your SaaS business. What Is a QBR? What Makes a Great QBR?

SaaS 107

SaaS Technical Support Benchmark Accountability 107

CustomerSuccessBox

JULY 14, 2021

Adoption is the phase where customers get acquainted with your product, integrate it into their workflow and learn ways to use it that maximizes their benefit. Customers only adopt a product if it helps them achieve their goal. Why the Adoption Phase Matters in SaaS. How to Calculate Adoption Rate. Easy Communications.

SaaS 52

SaaS Metrics B2B Benchmark 52

Totango

AUGUST 23, 2022

B2B Customer Journey Touchpoints: A Guide for CS Teams. B2B customer journey touchpoints mark the roadmap toward successful outcomes for clients and CS teams. In this way, customer journey B2B touchpoints serve as a powerful tool for increasing the effectiveness of your customer success strategy. Making upsell offers.

B2B 117

B2B Journey mapping SaaS Engineering 117

ChurnZero

JULY 9, 2020

These SaaS companies offer comprehensive training programs, resources, and events to their customers and even the larger professional community. They have loyal followings and student-customers who proudly display their certifications on LinkedIn to not only show off their product proficiency, but also their brand affiliation. .

SaaS 64

SaaS Marketing Upselling Chief Customer Officer 64

Solvvy

OCTOBER 25, 2022

Researchers have found that CSAT scores and customer satisfaction indices will vary by industry. . Refer to Industry Benchmarks. Zendesk has a tool that allows you to enter your industry and see customer satisfaction benchmarks, such as: Corporate services, 95%. Customer service KPIs include: . Technology, 94%.

Surveys 62

Surveys Benchmark Metrics Brand ambassadors 62

Playvox

SEPTEMBER 19, 2022

Whether you work in what is called a contact center, customer support center, or customer experience center, you likely always need to figure out how to do more with less. This need persists, even though we can easily point to research that shows: Companies that lead in customer experience outperform laggards by nearly 80%.

Quality management 80

Quality management Management Contact Center Benchmark 80

NobelBiz

FEBRUARY 15, 2023

Key Points CCaaS is paramount to successfully add a new communication channel You must consider the tone, scripts and pace of new channels Your Call Center must track the right KPIs for every new channel How to add a new communication channel in a call center? More from our episode on Understanding your customer: Omnichannel vs Optichannel.

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Call Center Scripts Average Handle Time Customer effort 52

Totango

AUGUST 18, 2022

A Customer Onboarding Checklist for Successful CS Teams. A lot goes into crafting the ideal onboarding process for SaaS products. You need to clearly demonstrate the ins and outs of your software to ensure your customers know how to use it and how to employ it effectively in the pursuit of their enterprise’s unique needs and goals.

Journey mapping 94

Journey mapping SaaS Upselling Enterprise 94

ChurnZero

NOVEMBER 9, 2021

Start by establishing onboarding thresholds with estimations of how long certain tasks will take. Then, you can adjust to find your ideal customer timeline, which will serve as a good benchmark to help you manage any possible issues. Do: Collect and Apply Data to Improve Customer Onboarding.

Customer retention 98

Customer retention Feedback Benchmark SaaS 98

SmartKarrot

FEBRUARY 9, 2022

Have you ever heard a C-Suite executive say that he/she is okay with losing out on a few customers every month? The reason for that is customer retention is highly crucial for SaaS companies because – . Retaining a customer is a better thing to do than acquiring new ones. What is customer retention?

SaaS 10

SaaS Customer retention Upselling Benchmark 10

Quiq

JULY 7, 2022

It’s also the exact opposite of your customer retention rate. It’s important to look at churn along with your customer acquisition (which measures how effectively you’re acquiring customers). Why is customer churn rate important? Next, figure out how to benchmark your numbers. Customer surveys.

Surveys 75

Surveys Customer retention industry standards Benchmark 75

aircall

MARCH 27, 2017

This article is part two of a series on customer journey mapping. This second one explains how to plot a successful customer journey map and how to use it to your business’ and your customers’ advantage. Your customer journey map will be rooted in your customers’ actions, behaviors, challenges, and needs.

Journey mapping 82

Journey mapping Accountability Customer retention Morale 82

Amity

JULY 13, 2016

The misconception with SaaS is that there is no longer a need for a team of this nature in today’s organization. Still, expectation gaps remain, Customer Success by definition is still in its infancy, processes are immature and confusion reigns. Jason Lemkin - Jason is a 2x founder, 1x VC, and dedicated SaaS enthusiast.

SaaS 81

SaaS Best practices industry standards Consulting 81

ChurnZero

NOVEMBER 9, 2021

Start by establishing onboarding thresholds with estimations of how long certain tasks will take. Then, you can adjust to find your ideal customer timeline, which will serve as a good benchmark to help you manage any possible issues.

Customer retention 52

Customer retention Feedback Benchmark SaaS 52

ChurnZero

JUNE 17, 2022

It requires a genuine understanding of your customer cohorts and their goals, perceptions, and needs. To share how to choose, track, and act on effective onboarding metrics, ChurnZero Customer Success Enablement Team Lead Bree Pecci joined CSM Practice for a drill-down into customer-centric onboarding. Bree: Exactly.

Metrics 98

Metrics SaaS Surveys Self service 98

ChurnZero

MAY 14, 2021

How to Define, Measure, and Advocate for Customer Success Operations. Have you ever wondered: What’s the difference between Customer Success Management and Operations? When should I add Customer Success Operations and how do I advocate for the role? Bora Lee , Manager, Customer Enablement at ChurnZero.

Customer retention 81

Customer retention Metrics Benchmark SaaS 81

ChurnZero

MAY 15, 2020

Facing massive economic instability for the first time, Customer Success teams had to devise crisis preparedness and communication plans as well as customer retention strategies to minimize churn. The data in this article is sourced from SaaS businesses across 20 industries that use ChurnZero.

Benchmark 72

Benchmark Accountability SaaS Customer retention 72

CSM Practice

APRIL 13, 2021

The job is crucial for the company since they have to value customer concerns about the product or services and communicate them to the company. A customer success manager is responsible for various core functions such as customer retention and expansion selling ; hence, they should be vigorous in customer handling skills.

Management 52

Management Customer retention Upselling Accountability 52

Totango

JUNE 4, 2021

Use These Great Customer Engagement Ideas to Increase Retention. Engagement is key to retention and referrals. Here are seven great customer engagement ideas you can easily put into practice. We’ll also show you how technology can help you automate your engagement strategy. Ask for Customer Feedback.

B2C 62

B2C Upselling Journey mapping B2B 62

Solvvy

AUGUST 31, 2022

Analysts that have studied NPS across industries have found that benchmarks vary. You can use those benchmarks to see how you compare to competitors — and to set goals for your business. Like NPS, CSAT allows you to quantify customer sentiment about your brand. Improve Customer Experience. After Onboarding.

Surveys 62

Surveys Benchmark Feedback Customer Support 62

Totango

JUNE 24, 2022

Customer success in SaaS differs from CS in other industries. The software service industry presents unique challenges for customer success management while also creating unique opportunities that call for specific strategies. Knowing how to capitalize on these opportunities can give you an advantage over competitors.

Best practices 104

Best practices SaaS Journey mapping B2C 104

Amity

APRIL 25, 2016

Dan is a recognized domain expert in Customer Success especially in a startup environment and in SaaS. Dave is an industry veteran and early leader for Customer Success Management. Dave’s posts infuse his experience and thought leadership to enable SaaS companies to deliver world-class retention and growth.

SaaS 96

SaaS Chief Customer Officer Consulting Consulting 96

Amity

JULY 13, 2016

The misconception with SaaS is that there is no longer a need for a team of this nature in today’s organization. Still, expectation gaps remain, Customer Success by definition is still in its infancy, processes are immature and confusion reigns. Jason Lemkin - Jason is a 2x founder, 1x VC, and dedicated SaaS enthusiast.

SaaS 48

SaaS Best practices industry standards Consulting 48

Amity

JULY 13, 2016

The misconception with SaaS is that there is no longer a need for a team of this nature in today’s organization. Still, expectation gaps remain, Customer Success by definition is still in its infancy, processes are immature and confusion reigns. Jason Lemkin - Jason is a 2x founder, 1x VC, and dedicated SaaS enthusiast.

SaaS 48

SaaS Best practices industry standards Consulting 48

Amity

JULY 13, 2016

The misconception with SaaS is that there is no longer a need for a team of this nature in today’s organization. Still, expectation gaps remain, Customer Success by definition is still in its infancy, processes are immature and confusion reigns. Jason Lemkin - Jason is a 2x founder, 1x VC, and dedicated SaaS enthusiast.

SaaS 48

SaaS Best practices industry standards Consulting 48

Amity

JULY 13, 2016

The misconception with SaaS is that there is no longer a need for a team of this nature in today’s organization. Still, expectation gaps remain, Customer Success by definition is still in its infancy, processes are immature and confusion reigns. Jason Lemkin - Jason is a 2x founder, 1x VC, and dedicated SaaS enthusiast.

SaaS 48

SaaS Best practices industry standards Consulting 48

ChurnZero

JUNE 17, 2022

It requires a genuine understanding of your customer cohorts and their goals, perceptions, and needs. To share how to choose, track, and act on effective onboarding metrics, ChurnZero Customer Success Enablement Team Lead Bree Pecci joined CSM Practice for a drill-down into customer-centric onboarding. Bree: Exactly.

Metrics 52

Metrics SaaS Surveys Self service 52

ChurnZero

OCTOBER 22, 2020

These solutions are also relevant to companies with customer experience programs, and can be used to fill the gaps within their existing sales, marketing and customer support processes.”. When it comes to customer retention, there’s business-altering revenue at risk. Customer Success Around the Web.

CRM 59

CRM Customer retention Technology Best practices 59

Amity

MARCH 22, 2016

SaaS Tattler Issue 79 - Giving Customer Success a Voice at the Executive Table. In an era where the customer experience matters more than ever before, having a voice at the executive table changes everything. Cue the Chief Customer Officer (CCO), breaking down Silos, strapped with customer intuition.

Chief Customer Officer 60

Chief Customer Officer Engineering SaaS Call Center 60

JustCall

DECEMBER 7, 2022

But you don’t know how and where to start. Read on to know how to track and improve your sales performance by using the right metrics and analytical tools. With these, you can benchmark your team’s performance against its goals and decide on appropriate incentives and training programs. What is Sales Analytics?

Analytics 52

Analytics Sales CRM Metrics 52

Kapta Customer Success

NOVEMBER 27, 2017

But measuring and understanding churn can also give you some hints about how to improve your business and what you may be doing wrong. Here’s a quick primer for those of you who want to learn more about churn, and how to prevent it. How Much Does Losing a Customer Really Cost? Customer retention is not free.

B2B 40

B2B Customer retention Accountability SaaS 40

CustomerSuccessBox

NOVEMBER 9, 2021

The main difference between traditional businesses and SaaS businesses: the cost of growth. Customers pay for the licenses before using them. This is how these companies can show profitability earlier in their life cycle. The SaaS Business Model. SaaS vendors do not play on the same court. SaaS is magic!

SaaS 52

SaaS Customer retention Metrics Benchmark 52

Totango

FEBRUARY 5, 2019

It’s about proactive customer success , not reactive customer service. ROI-focused SaaS strategies should be based on comprehensive data gathered from every customer engagement. That information is then turned into customer solutions that create an ongoing revenue source across the entire customer journey.

SaaS 76

SaaS Upselling Customer retention Benchmark 76

ClientSuccess

JULY 23, 2019

If I were asked to implement a CS program today, the first thing I’d do is define what success looks like (both internally for our company and externally for our customers). Internally – define customer retention rates, understand who your reference-able clients are, map out customer lifecycles and journeys within your organization.

Technology 44

Technology Chief Customer Officer Consulting Consulting 44