Remove Banking Remove CRM Remove Rewards Programs
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How to get more repeat customers with a CRM solution

Method:CRM

While many customer retention strategies can help you drive repeat business, one among them stands out — using a CRM solution. . What is a CRM? . Before we get started, let’s first answer the question: “ What does CRM stand for ?” . 4 ways a CRM can help you get more repeat customers.

CRM 95
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How to Increase Customer Retention: 15 Proven Strategies That Work

InteractionMetrics

If you can understand what makes people tick, you can keep your customers loyal without breaking the bank. Tiered Rewards: Customers earn status as they make more purchases. You can offer discounts, credits, or cold, hard cash rewards for referring friends and family. At its core, customer retention taps into basic human nature.

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10 Key Insights from 15 years of Customer Journey Mapping

SuiteCX

©2014 suitecx – ConfidenDal Create integrated data warehouse for 28+ owned firms including auto dealerships, retail, banking, telcom, etc. Combined different technologies and approaches into a single source of truth Developed more comprehensive data collec2on & usage; developed CRM insights across all companies 10.

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Overcoming the Great Resignation with Lessons Learned from CX Best Practices

CSM Magazine

But, beyond these frontline solutions that powered the early work-from-home, organizations should also reconsider many of their longstanding tools as well—such as CRM and data management platforms. Bank, Wells Fargo, United Health Group, numerous credit unions and manufacturers.

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Consumer banking: money can’t buy loyalty

Currency Alliance

A 2018 Collinson study reported that 66% of financial services professionals say their bank “does not understand why customers are loyal or have a strategy to strengthen customer relationships”[i]. People are more likely to leave their spouse than their bank[ii], so it might seem that banks have no case to answer. Extra what?

Banking 40
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Loyalty Tech: Migrate to Microservices, or Get Left Behind

Currency Alliance

The typical incumbent loyalty technology platform comprises five core modules: CRM/Analytics Platform. Points Bank. CRM/Analytics. In legacy loyalty systems, the CRM would traditionally be integrated as part of the loyalty stack. Some of the CRM platforms optimized for loyalty marketing include…. Hatch loyalty.

Loyalty 58
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Precision loyalty: data-led investment yields greater ROI

Currency Alliance

The running costs of a reward program can be cut to as little as 25% with more affordable microservices – suites of modular applications that can nimbly manage otherwise cumbersome applications. Too many reward programs focus on short-term profits, such as breakage. The redemption experience.

ROI 52