West Monroe

JUNE 27, 2023

Banks possess significant—often untapped—portfolio and customer data that can be leveraged to target available segments and customer bases ripe for deposit acquisition. Operating accounts, with their tie to treasury services and various financial flows, possess a high level of stickiness.

Banking 52

Banking Customer Relationships Management Financial 52

West Monroe

JUNE 27, 2023

Banks possess significant—often untapped—portfolio and customer data that can be leveraged to target available segments and customer bases ripe for deposit acquisition. Operating accounts, with their tie to treasury services and various financial flows, possess a high level of stickiness.

Banking 52

Banking Customer Relationships Management Financial 52

West Monroe

JUNE 27, 2023

Banks possess significant—often untapped—portfolio and customer data that can be leveraged to target available segments and customer bases ripe for deposit acquisition. Operating accounts, with their tie to treasury services and various financial flows, possess a high level of stickiness.

Banking 52

Banking Customer Relationships Management Financial 52

Peter Lavers

JULY 28, 2016

This series of blogs is based on the early results of research undertaken by Peter Lavers on customer centricity. Participants are asked to tell us what, if anything, they are pulling their hair out over when it comes to customer centricity. This is despite years of CRM and customer experience thinking!

Customer Centricity 40

Customer Centricity Metrics Blog Banking 40

West Monroe

APRIL 9, 2023

Those notions may not adequately address the needs of their recently expanded customer base. Companies should actively engage and communicate with their newly acquired customer base—beginning on Day 1 of the post-sale integration—to gain a deeper understanding of their needs and expectations.

Leadership 52

Leadership Customer Centricity Financial Roadmap 52

West Monroe

APRIL 9, 2023

Those notions may not adequately address the needs of their recently expanded customer base. Companies should actively engage and communicate with their newly acquired customer base—beginning on Day 1 of the post-sale integration—to gain a deeper understanding of their needs and expectations.

Leadership 52

Leadership Customer Centricity Financial Roadmap 52

ChurnZero

JANUARY 18, 2024

If a customer churns before the payback period is met, it’s a financial net loss. Hence, the the role of a chief customer officer (CCO) which we define this way. What does the chief customer officer role encompass? A chief customer officer is an operational role responsible for all customer-facing activity post-sale.

Chief Customer Officer 52

Chief Customer Officer Net Promoter Score Insurance Customer Satisfaction 52

West Monroe

APRIL 9, 2023

Those notions may not adequately address the needs of their recently expanded customer base. Companies should actively engage and communicate with their newly acquired customer base—beginning on Day 1 of the post-sale integration—to gain a deeper understanding of their needs and expectations.

Leadership 40

Leadership Customer Centricity Financial Roadmap 40

Customer Bliss

DECEMBER 12, 2017

How do you drive transformation in the highly regulated financial industry? As the CMO/CCO, Isabella worked with the C-Suite to focus on gathering and leveraging customer data to transform the culture into one that cares more about improving the lives of its customers. What other common CX transformations have you noticed?

Leadership 0

Leadership Marketing Customer Experience Chief Customer Officer 0

Thematic

APRIL 17, 2024

Customer Experience Analytics (CXA) is your key to unlocking the true reasons behind their choices and experiences. Investing in truly understanding them has a massive financial payoff. Our own customers have gained huge financial benefits through effectively analyzing customer data to improve customer experiences.

Customer Experience 62

Customer Experience Feedback Social Media Loyalty 62

Thematic

APRIL 17, 2024

Customer Experience Analytics (CXA) is your key to unlocking the true reasons behind their choices and experiences. Investing in truly understanding them has a massive financial payoff. Our own customers have gained huge financial benefits through effectively analyzing customer data to improve customer experiences.

Customer Experience 62

Customer Experience Feedback Social Media Loyalty 62

Thematic

APRIL 17, 2024

Customer Experience Analytics (CXA) is your key to unlocking the true reasons behind their choices and experiences. Investing in truly understanding them has a massive financial payoff. Our own customers have gained huge financial benefits through effectively analyzing customer data to improve customer experiences.

Customer Experience 62

Customer Experience Feedback Social Media Loyalty 62

SurveySensum

MAY 19, 2023

In this guide, we’re going to take a deep dive into why NPS is so important for banks and financial services, how to work it out, how to use it to get better, and more. What is NPS in banking and other financial institutions When should you launch your NPS surveys in banks? How to use NPS in banking and financial services?

Banking 52

Banking NPS Net Promoter Score Financial 52

Lumoa

FEBRUARY 6, 2018

Companies do marketing, sales and CRM – the customer does the experience! Short termism is mostly the result of a product-centric and “numbers focused” culture, which inevitably results in a “race to the bottom”. It’s more than just digital.

2018 129

2018 Customer Experience Customer Centricity Culture 129

ClearAction

APRIL 18, 2020

Customer requests for resolution expands your costs in technologies and personnel (including opportunity cost: productivity trade-off in problem-solving vs. value-creating) for customer service, customer success, warranties or returned material authorizations (RMA), and escalations. Customer Experience Innovation Actions.

Customer Experience 62

Customer Experience Net Promoter Score Innovation Customer Centricity 62

CSM Practice

SEPTEMBER 18, 2020

In this Chat and Learn series, we invited Taylor Johnston, Director for Customer Success at Salesloft, a sales engagement platform that helps sales organizations deliver better sales experience for their customers. Customer-centric. Financial acumen. Sales/CS experience.

Customer Success 52

Customer Success ROI Sales Customer Centricity 52

CSM Practice

FEBRUARY 24, 2020

As a business leader , you can use these customer success team performance metrics to measure the ROI of the customer success team. Note, every customer success metric you can measure falls into one of these four categories: Customer Success Team Performance Metrics. Customer Financial Metrics.

Metrics 59

Metrics Net Promoter Score Effort Score NPS 59

Kustomer

APRIL 7, 2020

Listen and subscribe to our podcast: In this episode of Customer Service Secrets , Gabe Larsen is joined by Peter Fader to discuss the different types of customers and how to have customer centricity. He also consults and works in many different markets, from telecommunications to financial services.

Customer Centricity 53

Customer Centricity Net Promoter Score Books Customers 53

Beyond Philosophy

JUNE 11, 2015

Without fear of (much) argument, it’s a fair statement that all companies want, and try to generate and achieve, optimum loyalty from their customer base. They should want this because study after study shows the financial rewards of having loyal customers. In the U.S.,

Loyalty Programs 109

Loyalty Programs Loyalty Airlines Retail 109

Gainsight

SEPTEMBER 14, 2020

” Well, from Gainsight’s customer-centric perspective—a lot! We all know how essential it has become to protect and expand your customer base during the current economic downtown, as new logo sales become more challenging. How is that for customer-centric products?

Customer Centricity 52

Customer Centricity Customer Base Insights Financial 52

Pointillist

SEPTEMBER 10, 2020

In this post, I’ll discuss how organizations are using customer journey orchestration to improve personalization decisions across all channels and touchpoints, enhance CX and achieve their business goals. What is Customer Journey Orchestration? Customer expectations for personalization have evolved immensely.

Customer Journey 128

Customer Journey Touchpoint Customers Interaction 128

Kustomer

JANUARY 7, 2022

While popular before the pandemic, subscription-based businesses in particular have been enjoying accelerated growth within this transformed shopping culture. The Swiss financial company UBS anticipates subscription businesses will grow to be worth $1.5 The Subscription-Based Model is Here to Stay. trillion by 2025.

Customer Service 79

Customer Service E Commerce E-support 2025 79

CSM Practice

JANUARY 13, 2021

Some of the renewal management challenges for many businesses include : Lack of a customer-centric approach. Too many customers for current headcount. More mature customer success organizations with optimized and scaled renewal processes with a goal-oriented and customer-centric approach. Diversify Roles.

Touchpoint 98

Touchpoint Customer Centricity Customer Success Customers 98

Qualtrics

NOVEMBER 16, 2021

As the financial services and insurance industry continues to transform for a digital future, we’re witnessing a significant paradox. At a time when it’s easier than ever for customers to move who they bank with or buy insurance from, there is a major opportunity for providers to increase their share of wallets. explained Ryan.

Insurance 26

Insurance Customer Experience Chief Customer Officer Customer Centricity 26

Totango

JANUARY 10, 2019

At its core, customer success is simple: take care of your customers and they’ll take care of your business. Nurture relationships, and not only will customers receive excellent service and well-supported products, but your enterprise will be financially healthy in the long-run. Everyone wins.

Customer Engagement 63

Customer Engagement Engagement 2016 Customer Relationships 63

Totango

SEPTEMBER 24, 2018

Customer Success for the Enterprise, held on September 18th in NYC was an exciting chance for Customer Success leaders from around the world to exchange their innovative ideas in this ever-changing space. . Read on to find out how you can apply these to your own Customer Success strategy. Customer-Centricity is Key.

Customer Success 50

Customer Success Interaction Chief Customer Officer Customer Centricity 50

CSM Practice

JULY 6, 2020

At the moment, SaaS companies appear to be under immense financial pressure, resulting in a dramatic increase in vendors seeking guidance on how to adapt, survive, and even thrive during this downturn. SaaS businesses that thrive during this period not only retain their customers but also sell more of their services to them.

Sales 71

Sales Customer Success Connections 2008 71

CSM Practice

JULY 6, 2020

At the moment, SaaS companies appear to be under immense financial pressure, resulting in a dramatic increase in vendors seeking guidance on how to adapt, survive, and even thrive during this downturn. SaaS businesses that thrive during this period not only retain their customers but also sell more of their services to them.

Customer Success 71

Customer Success Sales Connections 2008 71

CSM Practice

FEBRUARY 24, 2020

As a business leader , you can use these customer success team performance metrics to measure the ROI of the customer success team. Note, every customer success metric you can measure falls into one of these four categories: Customer Success Team Performance Metrics. Customer Financial Metrics.

Metrics 52

Metrics Customer Success Net Promoter Score NPS 52

CSM Practice

FEBRUARY 24, 2020

As a business leader , you can use these customer success team performance metrics to measure the ROI of the customer success team. Note, every customer success metric you can measure falls into one of these four categories: Customer Success Team Performance Metrics. Customer Financial Metrics.

Metrics 52

Metrics Customer Success Net Promoter Score NPS 52

SurveySparrow

JUNE 20, 2023

Here’s a step-by-step guide on how to build good customer service in your organization. Understand Your Customers You can’t serve your customers effectively if you don’t understand them. Thus, research your customer base, identify their needs, preferences, and pain points.

Customer Service 52

Customer Service Exceptional Customer Service E Commerce Airlines 52

Gainsight

DECEMBER 2, 2019

When a customer leaves, it’s known as churn. A successful customer retention strategy will build symbiotic business relationships, drive brand equity, and encourage customer loyalty amongst your customer base. Benefits of a Customer Retention Strategy. If you need more revenue, invest in Sales.”

Customer Retention 52

Customer Retention Webinar Chief Customer Officer Metrics 52

Gainsight

OCTOBER 15, 2020

Terminus is an end-to-end account-based marketing platform (ABM) used by the world’s largest and most successful companies. It began the account-based movement in 2014 to help its customers transform B2B marketing. ” That meant customers who were most likely to buy segments of their addressable market.

Customer Success 40

Customer Success Marketing Customer Centricity 2014 40

Lumoa

OCTOBER 31, 2018

Never underestimate the customers expectation in CX. Once the customer had a positive CX, it will set a new benchmark. It will also be thrilling to see how UX, customer centricity and empathy will be connected to the field of AI. Also, companies really need to transform their structures to reflect customer centricity.

Customer Experience 64

Customer Experience Customer Centricity Culture 2018 64

SurveySensum

FEBRUARY 9, 2024

This holistic understanding forms the foundation of customer-centric strategies. Gathering and analyzing this information helps businesses develop more realistic financial forecasts. This insight is essential for budgeting, resource allocation, and overall financial planning.

Insights 52

Insights Marketing 2022 Reference 52

Pointillist

MARCH 20, 2019

Here is how to calculate the impact of increased retention: Financial Services firm ‘X’ is trying to increase retention by improving customer experience. For the purposes of this illustration, I have assumed no new sales in Year 1 or Year 2. Use your key customer satisfaction metric (NPS, CSAT or another) for this calculation.

ROI 59

ROI Customer Experience Banking Call Center 59

Chattermill

AUGUST 6, 2019

CX professionals must be prepared to take concepts like NPS and CSATs and connect them to broader company success metrics by extracting insights from customer feedback to more tangible KPIs like sales, savings, and retention rates. Nurture a Customer-Centric Culture. Identify What Drives Loyalty.

Voice of Customer 40

Voice of Customer NPS Metrics Multi-Channel 40