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Five Contract Renewal Tools to Increase Customer Retention

Totango

An automated renewal approach involves taking steps before renewal, such as checking customer satisfaction metrics to identify customers at risk of churn and proactively reaching out to these customers to develop a remediation plan. Automated procedures also may be set up to reach out to customers who fail to renew.

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The Impact of On-Shore Technical Support on Customer Satisfaction

Helpt

In recent years, there has been a growing trend towards outsourcing technical support to offshore locations, but what impact does this have on customer satisfaction? A well-executed technical support strategy can lead to increased customer satisfaction, loyalty, and retention.

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Important KPIs for Measuring Customer Satisfaction

Fonolo

Despite this, it is still worthwhile to reach out to customers and attempt to quantify satisfaction as accurately as possible. Two commonly used measures for customer satisfaction are the Customer Satisfaction Score (CSAT) and the Net Promoter Score (NPS). Speed of Customer Service. Shai Berger.

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Why Customer Experience Is Key to Scaling Revenue Growth

Lumoa

Customer experience is an important factor in determining customer loyalty. Companies that rank the highest in customer experience surveys also have the highest scores for customer retention. This is because happy customers are less likely to churn and more likely to continue doing business with you.

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A to Z Guide to Customer Experience Definitions and Terms (Updated)

Lumoa

But machine learning technologies can also help you to move from diagnostic to predictive analytics: if I fix this issue in my customer experience, how much will my churn decrease? If we make a decision to invest less in customer service agents, how much will it decrease my customer satisfaction?

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Predictive Customer Service: AI’s Role in Anticipating Needs

Comm100

AI is reshaping countless industries and services, and customer service is one such area that is changing for the better. Its main benefit is in allowing organizations to provide predictive support to their clients, catering to their needs 24/7 to address their concerns proactively.

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B2B Customer Journey Touchpoints CS Teams Need To Plan For

Totango

Providing tutorial tips to answer customer questions and encourage greater product adoption. Delivering customer support. Resolving customer escalations or problems. Administering customer satisfaction surveys. Reminding customers to renew subscriptions. Customer support events. Making upsell offers.