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5 SaaS Renewal Process Best Practices for Customer Retention

Totango

With a focus on lifetime customer success rather than on quick revenue raising, you can turn your renewal process into a celebration of an ongoing partnership. It’s a customer-centered approach that reflects the broader economy we currently operate under, one where the customer expects individualized treatment.

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Partners

Optimove

As the B2B division of 888, Dragonfish helps gaming companies optimize the player experience and maximize lifetime customer value. Dynamic Messaging’s unique marketing platform has been delivering personalized Interactive Voice Messaging for effective customer conversion and retention since 2011. Request a Demo.

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Ethical Dilemmas in Business: A Guide for Customer Success Teams

SmartKarrot

Although convincing new leads to purchase products and services that do not necessarily serve their needs may seem more profitable to customer success teams attempting to increase immediate revenue, it may significantly reduce customer retention rates and consequent lifetime customer value as their key requirements are ultimately not being met.

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Proactive Customer Success Strategies that will get You Ahead of the Game

Totango

By being proactive, you can anticipate what is going to happen next and deliver value that the customer may not even realize they need. . It is important to focus on the future because that’s where the bulk of lifetime customer value lies, for both you and your customer. Look Toward the Future.

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How to Calculate Your Customer Renewal Rate

Totango

The rate at which your customers extend their relationship with you determines how fast and how far your enterprise can grow. As such, being able to accurately calculate your renewal rate gives you insight into your customer success team’s performance.

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Customer Experience (CX): Frequently Asked Questions

SmartKarrot

Helps understand customer behaviors better. Continuous engagement via multiple channels helps customer retention. Reduced customer churn rates Greater brand equity Facilitates higher lifetime customer value Reduced costs of service. Does AI improve customer experience? Read on to know more.

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Customer Centricity – A Crucial Factor to Build a Cohesive Customer Experience

SmartKarrot

This is known as liquid expectations. In simple words, it means that the bar has been set incredibly high to achieve a great customer experience. Now, imagine you are not able to meet the customer expectations. The impact of poor customer experience. A poor customer experience can have a drastic impact.