Totango

MAY 19, 2020

The continuing COVID-19 health crisis may well produce a recession that has a significant impact on the Software-as-a-Service (SaaS) industry. No one is certain how this will change the long and short-term behaviors of customers, lenders, and enterprises in a SaaS world. Be Lean and Agile to Reduce Customer Churn in SaaS.

SaaS 77

SaaS Best practices Enterprise Finance 77

CSM Practice

JULY 29, 2020

Customer retention is the process of engaging with existing customers to continue buying your products or services. If customer retention is poor, there is a high probability that your business is in jeopardy. Customer Retention Strategies. Factors to Consider in Prioritizing the Customer Accounts.

Customer retention 52

Customer retention Finance SaaS Consulting 52

CustomerSuccessBox

JULY 9, 2021

A customer journey is very specific to the physical experiences your customers have. Importance of Customer Journey in SaaS. In the SaaS business, the customer is the ultimate boss. Customer onboarding is the first thing that a customer goes through after buying/subscribing to your product.

SaaS 59

SaaS Journey mapping B2C B2B 59

Totango

JUNE 26, 2020

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. Lean on Customer Data Segment Your Customers Be Proactive Communicators Be Flexible Revisit Goals and Success Points.

SaaS 95

SaaS Customer retention Best practices Telecommunications 95

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

Babelforce

DECEMBER 9, 2021

In this post: What is SaaS? What sets SaaS apart? How does SaaS add value to CX? CX strategies that SaaS makes possible. What is SaaS? SaaS stands for Software as a Service. Software as a service (SaaS). SaaS is the most commonly used model. What sets SaaS apart? Virtualisation ? ? ?

SaaS 52

SaaS APIs Contact Center CRM 52

Totango

NOVEMBER 8, 2023

Enterprise businesses can now use their critical product usage data from Pendo and Mixpanel in their Totango experience to design optimal customer journeys, improving product adoption and customer retention.

Enterprise 95

Enterprise Finance SaaS Analytics 95

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 167

Customer Experience B2C Journey mapping B2B 167

CustomerSuccessBox

JULY 8, 2020

Customer Retention is key. We had Jay Nathan , Founding & Managing Partner, Customer Imperative and Andrew Marks , Founder, President and COO, SuccessHacker speak to Puneet Kataria , Founder & CEO, CustomerSuccessBox about the role of customer success in driving SaaS businesses during a lockdown.

Customer retention 40

Customer retention SaaS Consulting Consulting 40

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

ChurnZero

JUNE 7, 2019

As he moved into growth-stage SaaS at PeopleMatter and Snag, Jason pointed his focus to driving revenue growth and customer outcomes. His experience across sales, marketing, product and customer success have allowed him to help clients focus on customer-first experiences. Q: What drew you to working in Customer Success?

SaaS 73

SaaS B2B Consulting Consulting 73

ClientSuccess

JULY 11, 2017

As SaaS organizations of any size can attest to, winning new clients is only half the battle. The real testament to a company’s product, culture, and employees is showcased in the success of its customers. For SaaS companies, it’s foundational that every single department feel dedicated to creating a culture of customer success.

SaaS 40

SaaS Finance Feedback Metrics 40

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

JANUARY 4, 2019

If we’re not at peak SaaS, we’re probably close to it. Customers will be tired of managing an overwhelming number of subscriptions, and as a result, Customer Success teams need to focus even more on customer engagement and demonstrating value. “In 2019 there will be an increase in subscription fatigue.

SaaS 73

SaaS Chief Customer Officer Education Consulting 73

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

Education Services Group

JANUARY 19, 2021

Last year, we, along with our CS friends at ChurnZero and Higher Logic, embarked on an ambitious project to check-in with the CS community as a whole and find out more about the industry’s current place in SaaS business and uncover the trends influencing its growth. We are proud to present the Inaugural Customer Success Leadership Study !

Finance 52

Finance SaaS Benchmark Surveys 52

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

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

AUGUST 13, 2021

During the webinar, we discuss: What a Customer Success tech stack is and why you should care. The technology that drives a successful digital-led Customer Success program. How to optimize customer retention with a comprehensive Customer Success tech stack. Why it’s important to have an integration strategy.

Gamification 98

Gamification Marketing Metrics Sales 98

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 SaaS 52

ChurnZero

JANUARY 4, 2019

If we’re not at peak SaaS, we’re probably close to it. Customers will be tired of managing an overwhelming number of subscriptions, and as a result, Customer Success teams need to focus even more on customer engagement and demonstrating value. “In 2019 there will be an increase in subscription fatigue.

SaaS 49

SaaS Chief Customer Officer Education Consulting 49

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

Education Services Group

JANUARY 25, 2023

By the way, finance email, like understanding the insights from financing, I’m not talking about like reading, creepy reading their emails back and forth to their, you know, spouse or partner about coming home late, and the pot roast isn’t done. But emails are like a black hole, it’s like the dirty secret.

Finance 52

Finance Sales Morale SaaS 52

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. How can speech analytics help in legal and compliance issues?

Analytics 52

Analytics Coaching Call Center APIs 52

CustomerSuccessBox

JULY 19, 2022

Successful SaaS companies grow in two ways: by acquiring new customers and by retaining existing customers (i.e., Renewing customers contribute significantly to your annual recurring revenue (ARR), which is an important part of the revenue stream that allows businesses to predict and strategize their internal investments.

Upselling 52

Upselling SaaS Best practices B2B 52

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

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.

Metrics 52

Metrics Construction Customer retention Surveys 52

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

Education Services Group

OCTOBER 4, 2022

Like a SaaS text message company the ESG team recently worked with, whose engagement tiers are primarily based on product usage. It does require some detailed financial modeling, which may not be everyone’s favorite activity (but does present a perfect opportunity to bolster that relationship between CS and finance ).

Best practices 52

Best practices Finance Enterprise B2B 52

JustCall

NOVEMBER 25, 2022

improves contact centers by integrating AI into customer conversations, enhancing agent effectiveness, and automating recurring tasks that increase revenue and customer retention. out of 5 (link to customer reviews). An intelligent workforce platform called Observe.AI No commitment is necessary. G2 Reviews: 4.7

Real estate 52

Real estate CRM Coaching Contact Center 52

Amity

AUGUST 5, 2016

In addition to that, we have a centralized field operations team with five amazing Subject Matter Experts, who support everything we do from a Customer Success perspective with respect to data analysis and insight, communications and customer enablement. "The only constant in Customer Success, really, is change."

Enterprise 91

Enterprise Employee engagement Metrics Best practices 91

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. Each customer has multiple buying personas (the user, finance, etc.), And why are those metrics so important? so who are you surveying?

Metrics 45

Metrics Marketing Finance Surveys 45

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

AUGUST 13, 2021

During the webinar, we discuss: What a Customer Success tech stack is and why you should care. The technology that drives a successful digital-led Customer Success program. How to optimize customer retention with a comprehensive Customer Success tech stack. Why it’s important to have an integration strategy.

Gamification 52

Gamification Marketing Metrics Sales 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 Sales 10

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