In today's macro-economic climate, a dollar saved is often more valuable than a dollar earned. As the cost of acquiring users (CAC) continues to increase, improving the lifetime value (LTV) of your customer base and the net renewal rate become increasingly important metrics for a company's success.
That’s where tools like Champify and Sendoso can help. Sendoso is the corporate gifting platform leader who helps companies realize the benefits, business value, and results of maintaining and strengthening relationships. They've helped customers like Blend, Tealium, and hundreds of others boost new meetings by 33%, drive onboarding completion and retention, and save hours of hours in manual effort.
Champify and Sendoso customers like Clari, Modern Health, and Thoughtspot:
Protecting and expanding existing customers is becoming increasingly important in today's macroeconomic environment. Sendoso can be used to enhance existing relationships as well fostering new ones. We recommend you configure similar routing logic to drive Customer Success (CSM) and Account Management activities which can be activiated in platforms like Catalyst or Gainsight.
This play aims to de-risk key accounts by quickly and proactively identifying strategic contacts after your main point of contact leaves for a new job. This helps prevent ugly surprises around renewal and is especially important to automate when CSMs are managing a high volume of accounts.
Key contact leaves
After identifying the next best contact(s) by seniority, replacement, or active product usage you are going to want to explain who you were working with, the outcome you delivered, and why you are reaching out to this person (role, product usage, etc.). We recommend sending a company branded gift in this case to make sure you are top of mind (i.e. company branded mug, water bottle, some coffee, etc.).
A former customer in an ICP role joins an existing account
Account Manager/CSM (team member who owns expansion)
First and foremost you're going to want to congratulate them on their new role, using Champify to pull in information like their former CSM name to personalize your message. At this stage you are in the position to help your former customer feel in the know at their new job. Introduce to them to how their new company is using your product today and who you are working with. Last, see if there is an opportunity for you to help them deliver results in their new role.
Champify has increased overall positive response rate 3.8X across its customer base, increased the number of meetings per SDR by 12%, and has even influenced more than 60% of all the pipeline for a 500-person B2B SaaS customer.