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What is a Customer Retention Management System, and Do You Need One?

ClientSuccess

For many people working in the SaaS industry, the term Customer Relationship Management (CRM) has become a blanket ‘catch-all’ term for anything having to do with sales, onboarding, adoption, renewals, and, yes, customer retention. So, do you really need a stand-alone customer retention management solution?

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Improve NPS with these 11 surefire strategies

SurveySensum

Companies that lead in customer experience are now outperforming laggards by nearly 80%. . NPS is a critical business KPI that tells you how likely your customer is to recommend your product or service to others. It is the key predictor for gauging customer retention and loyalty. Set NPS goals for each department.

NPS 52
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Improve NPS with these 11 surefire strategies

SurveySensum

Companies that lead in customer experience are now outperforming laggards by nearly 80%. . NPS is a critical business KPI that tells you how likely your customer is to recommend your product or service to others. It is the key predictor for gauging customer retention and loyalty. Set NPS goals for each department.

NPS 52
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How to Improve Your Customer Retention with CRM

SugarCRM

In fact, 55% are unable to identify customers at the risk of churning. The key to understanding the potential for churn is to fill in the gaps between customer expectation and their experience. You can start asking more questions and, at the same time, listening to what your customers have to say. The Growing Role of AI.

CRM 49
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The Spectrum of Data-Driven CX (And Why There’s No Magic Metric)

Experience Investigators

Let’s look at the common CX metrics to understand how they are helpful, as well as explore why an abundance of data can sometimes be an innovation blocker. NPS measures how likely a customer is to recommend a brand to someone else (friends, family, colleagues). Just promise us you won’t rely on a magic metric as the answer, ok?

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Defining the Value of Customer Experience: A Guide for Creating CX ROI in A Constantly Changing World

Experience Investigators

Metrics from customer surveys like Net Promoter Score (NPS) or Customer Satisfaction Rate (CSAT) are measurements from a certain group of customers to consider in your strategic decisions. Some organizations find that focusing on retaining customers in volatile times can provide more revenue than sales.

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The Four Things You Must Do to Keep Customers Talking about Your CX

Beyond Philosophy

Today, people appreciate good Customer Experience, but not enough to talk about it a lot. What gets them talking to people about your brand is having a unique Customer Experience with moments of Innovative Service, or an Innovative Customer Experience. What Do We Mean by Innovative Service? Creating “Whoa!”

CX 135