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Why Is Good Customer Service Essential in Finance?

CSM Magazine

In the digital age, there’s little doubt that customers have become increasingly influential and impactful in the minds of business-owners. Companies have come to value good and proactive customer service as a result, particularly as it costs between six and seven-times more to attract new consumers than retain existing patrons.

Finance 52
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Why engaging HR, Finance, Legal, and IT to embrace the customer is vital!

Beyond Philosophy

One of my clients has done an excellent job in the last couple of years improving their customer experience. I wasn’t surprised by this problem, and I will explain why in this issue. They focused their attention on the customer-facing teams at first. This strategy is ideal for getting an improvement program off the ground.

Finance 195
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Is This One of the Most Important New Jobs in Business Today?

Beyond Philosophy

Behavioral science and the scientists that use it will tell you that understanding the “why” of what customers do has become table stakes in some industries today. earned her doctorate at Harvard Business School, and now works in behavioral finance for a national investment firm. Anne Wilson, Ph.D.,

Finance 482
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How Applying Key Sports Principles Can Boost Your Customers’ Experience

Beyond Philosophy

Since my request, we were lucky enough to have a new one from Justin Stafford ( justin@customersmarts.co ), founder of Customer Smarts , based in Sydney, Australia, and podcast host of “Customer Smart.” Justin shared how sports can teach us a lot about how to improve your Customer Experience. It’s not glamorous.

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A Key Issue Customers Miss When Choosing a Cloud Contact Center Product

CCNG

Let’s look at why considering change is so important for your business, how it affects your product decision and a simple way to mitigate its risk to your business. Why Change Is So Important Just the other day I was re-reading Alvin Toffler’s seminal book, Future Shock. And it was published in 1970!

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The Impact of Incentives on Consumer Behavior

Beyond Philosophy

However, these incentives could be doing a lot more than that, which can have beautiful or terrible effects on your customer-driven growth. Harvard Business Review published Lieberman and her partner Kristen Duke’s research in an article, “ Why We’re Incentivized by Discounts and Surcharges ” in February of this year.

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Customer Service and Customer Value in Finance and Accountancy

CSM Magazine

“If you don’t care, your customer never will.” ” — Marlene Blaszczyk.Todays’ world of finance and accountancy is changing more quickly than ever before. The Evolving Landscape of Customer Service The finance and accountancy industry is undergoing major changes.

Finance 59