Education Services Group

JANUARY 19, 2021

Our Customer Success as a Service ® model means that it’s our job to understand all the industry’s challenges, and then develop and perfect the strategies and philosophies that empower CS organizations to face those challenges head-on. We are proud to present the Inaugural Customer Success Leadership Study !

Finance 52

Finance SaaS Benchmark Surveys 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

Totango

JUNE 26, 2020

The COVID-19 pandemic increased the risk of customer churn across almost every industry. COVID-19’s effect on customer churn may have already begun, but there is still plenty you can do to increase customer engagement and retain the customers you have worked hard to win. What Customer Success Can Do.

SaaS 92

SaaS Customer retention Best practices Telecommunications 92

CustomerSuccessBox

JULY 27, 2020

In light of the pandemic, each industry had to make pertinent adjustments in their operations, and SaaS companies had to initiate measures that would ensure their survival – one of them being customer success. As a SaaS business, your primary modes of communication are through email, phone calls, or live chats on your site.

Customer retention 52

Customer retention SaaS Finance Feedback 52

ChurnZero

FEBRUARY 7, 2020

So, what’s the job outlook for Customer Success professionals? It’s bright with 100% chance of tremendous growth as SaaS continues to enjoy its moment in the sun. LinkedIn’s 2020 Emerging Jobs Report named Customer Success as one of the top emerging jobs in the U.S. 6 in the U.S. #2 2 in Mexico. #6 6 in Australia. #3

SaaS 64

SaaS Transportation B2C Customer retention 64

SmartKarrot

APRIL 22, 2022

However, customer acquisition is something that demands focus! Customer retention is a particularly important concept where businesses use different strategies to retain their existing customers. B2B companies will have to bank on customer retention as a key strategy to achieve long-term growth.

Customer retention 10

Customer retention B2B Banking Finance 10

ChurnZero

JUNE 7, 2019

It’s time for another installment of our blog series where we spotlight a Customer Success professional and get their take on the industry as well as get to hear some of their top tips they’d like to share. Jason is an Associate Partner at Customer Imperative , responsible for overseeing the strategic consulting business.

SaaS 73

SaaS B2B Consulting Consulting 73

ChurnZero

JUNE 14, 2023

For subscription businesses, the focus is clear: retaining customers. Older research from Fred Reichheld of Bain & Company showed that, in financial services, “a 5% increase in customer retention produces more than a 25% increase in profit.” collaborate with finance teams. While 83.1%

Finance 52

Finance Surveys Sales Customer centricity 52

SmartKarrot

FEBRUARY 16, 2022

Software as a service or SaaS has been growing as a leading software distribution model. The world of SaaS has simplified software creation and distribution making access easier than before. Leveraging the power of cloud technology, SaaS has re-engineered the way we look at modern technology and software. Aaron Levie.

SaaS 10

SaaS Finance B2B Marketing 10

Totango

JUNE 9, 2020

Customers have always based their renewal decisions on emotional connections, financial realities, and the amount of trust they have that a service can deliver sustained value. During the current crisis, the importance of those elements of connection, finances, and trust has only increased. How to Encourage Renewals.

SaaS 62

SaaS Enterprise Construction Finance 62

JustCall

JANUARY 5, 2023

AI is an intelligent workforce platform that transforms contact centers by incorporating AI into customer interactions, increasing agent effectiveness, and automating recurring activities that enhance revenue and customer retention. CallMiner Eureka. Increase the productivity and efficiency of teams. Conclusion.

Analytics 52

Analytics Coaching Call Center APIs 52

ChurnZero

JANUARY 10, 2020

As SaaS gets more serious about Customer Success, their representation on the executive and C-suite level will follow (as envisioned in our 2020 Customer Success predictions ; see #2). Based on LinkedIn research, Customer Success r oles saw 34% annual growth —qualifying them as one of the top emerging jobs in 2020.

Chief Customer Officer 52

Chief Customer Officer SaaS Customer retention Engineering 52

ChurnZero

DECEMBER 28, 2021

Talk with any Customer Success leader or hiring manager today, and they’ll tell you that the demand for experienced Customer Success professionals is off the charts. With the pandemic proving the value of investing in Customer Success, organizations everywhere doubled down on their customer retention initiatives.

Finance 52

Finance SaaS Accountability Metrics 52

SmartKarrot

MAY 27, 2020

But over the course of time, the role has evolved with the rise of Software-as-a-Service (SaaS) companies. With this evolution, the role of a SaaS account manager has not been the same as that of an account executive. They have become a people’s person and have been focusing on customer retention for their companies.

SaaS 10

SaaS Accountability Management Customer retention 10

ChurnZero

JANUARY 4, 2019

But what if you could have a better idea of the changes 2019 has in store for Customer Success professionals? We were curious, so we asked industry thought leaders to take a moment to look forward and share their predictions. If we’re not at peak SaaS, we’re probably close to it.

SaaS 73

SaaS Chief Customer Officer Education Consulting 73

Education Services Group

OCTOBER 4, 2022

But there’s so much more to customer segmentation and tiering than meets the eye. CS organizations group customers into segments based on common characteristics such as industry/vertical, number of employees, geographic location, annual revenue, contract size, the list goes on and on. Segmentation is getting snazzier.

Best practices 52

Best practices Finance Enterprise B2B 52

JustCall

NOVEMBER 25, 2022

out of 5 (link to customer reviews) Supported languages: English Identification of the best representatives – Lists the characteristics of your best-performing reps. Make data-driven decisions about your plan, learn about your competitors, comprehend how the industry is changing, and use customer feedback in your marketing and content.

Real estate 52

Real estate CRM Coaching Contact Center 52

ChurnZero

JANUARY 4, 2019

But what if you could have a better idea of the changes 2019 has in store for Customer Success professionals? We were curious, so we asked industry thought leaders to take a moment to look forward and share their predictions. If we’re not at peak SaaS, we’re probably close to it.

SaaS 49

SaaS Chief Customer Officer Education Consulting 49

JivoChat

APRIL 28, 2021

A further benefit of proactive customer service is that it improves customer retention and loyalty. Customers would rather spend their money with a company that goes out of their way to meet their needs preemptively. In doing so, you can stand out from the competition and keep customers interested. Source: HubSpot.

Customer Service 59

Customer Service Customer Experience Chatbots Self service 59

ClearAction

MAY 29, 2016

When CRM (sometimes equated with customer experience management ) came on the scene in the mid-90s, Service departments evolved from cost containment to revenue mandates, facilitating up-selling and cross-selling as customer retention tactics. Value creation occurs through Engineering, Manufacturing, and/or Operations.

Marketing 67

Marketing Customer Experience Chief Customer Officer Calibration 67

SmartKarrot

OCTOBER 29, 2021

Customer success careers have become the buzzwords in the business environment. The hot topic that is running around in the SaaS industry is the need for customer success to have a seat and a voice at the leadership table. This makes a case for customer success to have a seat at the leadership table.

Chief Customer Officer 10

Chief Customer Officer Finance SaaS Customer centricity 10

REVE Chat Blog

MARCH 11, 2020

Econsultancy report says, “79% of customers say that they prefer live chat because of the immediacy it provides”. Harvard Business School Report says, on average, live chat increases customer retention rates by 5% and increases profits by 25%-95%. . Over 50% of customers expect a business to be open 24/7 ( Oracle ).

Chatbots 64

Chatbots Real estate Sales Finance 64

ChurnZero

MARCH 22, 2019

Did you know: For every 1% increase in revenue retention, a SaaS company’s valuation increases by 12% after five years? This was just one of the takeaways from our well-attended webinar this week on- Understanding the Real Impact of Improving Retention and Customer Success Best Practices. Q&A Recap.

Customer retention 61

Customer retention Upselling SaaS Customer centricity 61

SmartKarrot

MAY 6, 2020

Ever since the SaaS companies came into prominence, somewhere around the mid 2000s, the major problem they faced was that of customer churn. They spent hefty amounts on marketing strategies to acquire new customers but due to the immense complexity of the software the customers were not able to adopt them and derive value from them.

SaaS 10

SaaS Customer retention Finance Sales 10

CustomerSuccessBox

MARCH 14, 2022

Closing a SaaS sales deal could take a hefty time depending upon a lot of factors. But Once you have marked a deal and you have a brand new customer, your next big step kicks in here. Post-Sales refers to a collection of processes that you need to perform after a customer purchases your service. The Post Sales Process’.

CRM 52

CRM SaaS Sales Journey mapping 52

Lumoa

FEBRUARY 9, 2023

more friendly behavior in customer service) Marketing to take the info into account in better targeting (e.g. upselling to the most loyal customers) Process changes (e.g. informing the customer more often about how the repair is proceeding) Only after you have acted on feedback, customer experience processes are developing.

Customer Experience 178

Customer Experience B2C Journey mapping B2B 178

SmartKarrot

FEBRUARY 10, 2021

With customer success being a new function and companies not prepared for it, outsourcing it might seem like a wise decision. It was not until 1980s when outsourcing became a new norm in software industry. IT giants like IBM already had the vast infrastructure capable enough to serve a wide range of customers.

outsourcing 10

outsourcing Chief Customer Officer SaaS Consulting 10

ChurnZero

APRIL 27, 2021

As ChurnZero recently secured a Series B investment bringing our total funding that has been raised to date to $35 million, we thought we’d take a look back and see the role that Customer Success plays at each respective stage of funding for SaaS companies. Early-Stage Funding & Customer Success. ChurnZero raised a $2.5

SaaS 98

SaaS Metrics Sales Marketing 98

Uniphore

JANUARY 4, 2022

How are you planning to leverage conversations to drive revenue and customer retention? Join us as we explore the technology and strategies needed to accelerate key initiatives, improve customer retention and drive revenue growth in today’s enterprise. Learn from Industry Experts. Register Now.

Enterprise 126

Enterprise Customer retention Engineering Analytics 126

ClientSuccess

JULY 16, 2021

But, if you don’t have a Customer Success Platform right now, that’s ok, consider using a BI platform like Tableau or Domo.or, just consider starting simple by building your Health Score in Excel, which can still be very powerful and helpful for you. Invoice Payments – This is a nod to everyone in Finance. Engagement.

Construction 52

Construction Metrics Customer retention Surveys 52

ChurnZero

NOVEMBER 2, 2018

In some industries, this number can get as high as 80%. If you want to be a leading company in your industry, it’s critical that you respond and address your passive customers’ needs as quickly as possible and learn what it takes to earn that recommendation. Sales staff can get a ton of value from Detractors as well.

Journey mapping 95

Journey mapping Metrics Surveys Feedback 95

SmartKarrot

DECEMBER 2, 2022

What if your SaaS (Software As A Service) company discovered a new source of revenue that could potentially boost sales by 20–30% with less effort and money than gaining new logos? A typical SaaS company, regrettably, is not doing enough to maximize this source of money. . Different Types of SaaS Expansion. Cross-sell.

Upselling 21

Upselling Management SaaS Benchmark 21

Education Services Group

NOVEMBER 7, 2019

There are hundreds of metrics that SaaS companies can track, so which ones are the most beneficial to your business? Everything you do should be tied to retention and growth. i.e. x% adoption (input) = y% retention (output). Say your business or industry takes an unexpected downturn. Why does that matter? Michael Harnum.

Metrics 45

Metrics Marketing Finance Surveys 45

SmartKarrot

JULY 28, 2020

The Covid-19 pandemic has increased the churn rate and shook almost every industry. There is still plenty you can do to increase customer engagement and retain the clients that you have worked hard to win. This pandemic has erupted a massive impact on the economy that causes a lasting downturn in SaaS businesses.

SaaS 19

SaaS Best practices Finance Customer retention 19

SmartKarrot

JANUARY 5, 2022

Augmented intelligence has led to several industries growing and benefiting from the solution. Some of these industries include the following. Industries that benefit from augmented intelligence. While augmented intelligence is still developing, certain industries can benefit from it immensely. Home decoration.

Banking 10

Banking Finance Healthcare SaaS 10

Amity

AUGUST 5, 2016

” And I knew Customer Success was the evolution of that. I joined Achievers as a CSM in January 2011 and managed a portfolio of accounts across all industries (one of the nicest things about our solution is that it’s industry-agnostic -- all employees from all industries want to feel appreciated).

Enterprise 91

Enterprise Employee engagement Metrics Best practices 91

SmartKarrot

JANUARY 27, 2022

Till now, the industry has been obsessed with workflow automation, i.e., how to send more emails, make more calls, purchase more ads, track more website behavior, automate content, etc. It spread across the entire company- finance teams, engineering teams, product teams, technology department, and the sales team.

Accountability 10

Accountability Sales Marketing Customer advocacy 10