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CEMs vs. CRMs (And Why You Need Both)

PeopleMetrics

Customer Experience Management (CEM) and Customer Relationship Management (CRM) are the same, right?”. While it may be true that at their core, both systems revolve around the key interactions a customer has with your brand, CRMs and CEMs serve distinctly different purposes and operate from two contrasting angles.

CEM 84
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Customer Success: The Lost Art of Churn Reason Analysis

SixteenVentures

Ideally, every former customer will have two churn reasons associated with their customer record: an internal reason – one derived from our understanding of why they churned (finance data, support tickets, pre-cancel usage data, etc.) – and an external reason that comes from the customer directly. Unless it is.

Start-ups 131
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Improving Customer Experience in Banking: 7 Promising Trends

PeopleMetrics

Customers enjoy sharing their opinions about a variety of topics these days, banking included. Negative word of mouth can harm a bank’s net promoter score and lead to reductions in customer acquisition as well as retention issues, due to losing the customers making the initial complaints. Efficient Onboarding.

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Customer Experience + Marketing: Pro’s & Con’s

ClearAction

Historically, customer experience management may have been thought of as the Service organization’s domain: dealing with post-purchase questions, returns, and misunderstandings. Software-as-a-service (SaaS) and other subscription business models were instrumental in Marketing taking on a greater role for customer retention.

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Converse 2022

Uniphore

Moni Manor Chief Product Officer Moni Manor is Chief Product Officer at Uniphore, bringing over 25 years of experience with CRM, UC, CC and AI into this role. Prior to Uniphore, Moni was the Chief Product Officer at New Voice Media, where he transformed the product strategy, and helped scale the portfolio till company's acquisition by Vonage.

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Sales promotion: Definition, examples, ideas, and types

Zendesk

We’ll also talk about how a strong CRM program can help you execute your sales promotions for maximum benefits. There are many benefits to running a sales promotion in the short term: Creating new leads: Sales promotions increase customer acquisition by offering them discounts, free products, free trials, and more.

Sales 52
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What are KPIs for sales? Sales KPIs definition and examples

Zendesk

Customer lifetime value (CLV). Customer lifetime value (CLV) is a delicate balance against customer acquisition cost. CLV is the total revenue you can expect from a single customer over the course of their entire lifecycle. CRM KPI examples. Customer acquisition cost (CAC). Sales support KPIs.

Sales 52