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Retention Conference
Ottawa, Canada – March 30, 2009 - CEC announced today that it’s President, Ray Gerard, will
be presenting at the third annual Customer Profitability, Loyalty and Retention Conference in
Toronto on April 14th and 15th.
The conference will provide an opportunity for members of the customer care community to
gather and exchange ideas, best practices and to learn about new products being offered to
enhance customer loyalty. Ray Gerard, said “We believe in the power of customer retention to
transform a business. We’ve seen our customers dramatically increase profitability by making
customer concerns a priority and we’re happy to have the opportunity to share those
experiences.”
CEC provides the i-Sight Customer Complaint Software, a web based application that provides
flexible workflow to ensure customer complaints are handled effectively. The solution includes a
world class reporting suite with dashboards and a custom report writer to ensure companies are
able to learn from customer interactions.
The new customer profitability concept is more than just bottom line profit. Success is no longer
being solely measured through quantity, but also quality. Establishing this new approach into a
company’s mindset takes commitment, leadership and a dedicated team. In this presentation,
discover how to integrate this new philosophy into the company.
Capturing information about your customers is a top priority for all organizations. Understanding
how to collect this information, and leverage it across all access points of your organization is
fundamental to customer relationship management and maximizing customer profitability. This
session will look at how to collect and use customer information to increase the strength and
value of your customer relationships.
Getting the right information from your customers to provide better customer service
Optimizing customer interfaces among human, system and environment touch-points
Impact on channel management and customer interaction
Integrating the customer experience across alternative interfaces
Using technology to capture the voice of customer
How to measure customer satisfaction: a reference model
Complaint management as a chance to obtain valuable information
Identifying, attracting and retaining your most profitable customers are keys to success in
business, as it is often the case that most profits are generated by a fraction of a business’
customers. Advances in research techniques and database mining now help in the identification
of the most profitable customers as well as those with the highest lifetime value. This session
will look at best practices to easily and accurately identify and cultivate the most profitable
relationships.
How all customers are not created equal and how to identify those who are substantially
more profitable than others
How to deviate from traditional customer satisfaction programs
How to prepare customized programs and communications for high-value customers
How to forecast your customers’ future behavior and profitability
Since the advent of the internet in the mid-1990s, businesses have been actively employing
strategies for effectively using the internet to serve their customers. Using innovative online
strategies can be key to improved customer retention, as it can aid in the building of "one-to-one"
relationships with your clients through individualized service as well as provide valuable
information about your customers. This session will take a look at practices for using your online
presence to enhance customer profitability.
Instead of spending large budgets on expanding your customer base, a company can increase its
ROI and improve its bottom line through redirecting funds to lengthening its list of products and
options available to existing profitable clients. This session will look at making the most of your
branding and utilizing the concept of cross selling to maximize the lifetime value of existing
profitable customers.
Understanding lifetime value requires an analysis of the value generated by the current and
potential customer base across the full cycle from acquisition through exit, across all products.
The value can be maximized by building a dynamic customer-centric organization that is focused
on selling customized, interactive information enriched solutions. This session will take a look
calculating customer life time value and developing and implementing targeted loyalty and
retention campaigns through the use of customer lifetime value analysis.
The linkage between customer loyalty, retention and customer life time value-
profitability
How to define the value of a customer: methods for calculating customer life time value
Strategies to focus on the right customers for highest profits
Calculating the cumulative revenues, costs and profits of your customer segments
How value can be maximized on a long-term basis through products, customers, usage,
pricing, acquisition and cost to serve
Successful customer profitability strategies combine data at the customer level into strategic
customer intelligence systems used to guide performance improvement. Transforming customer
information into superior intelligence enables you to develop effective strategies to grow your
business. This session will look at strategic use of customer profit-ability information and how to
identify and measure profitable customers through the analysis of very large transaction volumes
using data warehousing tools and techniques.
Using of customer profitability information to ensure that the customer is given
prominence in business decision making
Designing a customer intelligence framework
Key data: customer attitudes and behaviours, transactional and cash flow data, key
indicators on industry and competitive dynamics, and internal customer service process
metrics
Differentiating between new customers, retained customers and defectors
Measuring customer profitability: determining the right depth of analysis
Importance of analysis across time: elimination of anomalous events
Software and tools: promise and reality
Optimization of your marketing dollar can be achieved through effective segmentation. Focusing
on customer segmentation allows businesses to differentiate themselves by offering unique
services and support to their most valuable customers, without compromising service standards
for other customer tiers. Companies can drive profits and reduce customer churn through focused
strategies by providing the appropriate service for each profitable customer segment. This
session will show how to personalize the relationship between your company and its most
profitable customers through segmentation.
Identifying the most effective criteria for segmenting the customer base
Translating customer segmentation into targeting and messaging to the most profitable
customers
Designing relationship programs to meet target segment needs
Measuring the performance of your segmentation to drive your relationship management
programs
The traditional business model was centered around products with marketers focused on
attracting customers to their products with market share acquisition driving growth. More
recently, the customer-centric model has marketers matching product to customer preference
driven by share of customer and retention. The impetus of this shift is return on investment -
marketing the right mix of product, margin and channel to customers that results in loyal and
profitable customers.
What is, and will be, the role of analytics in creating a successful business intelligence
strategy and improving customer profitability
Choosing appropriate metrics to facilitate execution of their business intelligence strategy
Assessing methods of capturing the voice of the customer
VOC methodologies: customer advisory boards, user groups, blogs, surveys, complaints,
call centers, transaction pulses, executive listening sessions, sales and service call reports
Understanding the forces on your customers’ business, market trends, customer
segmentation and customer experience
Patterns to proactively manage your customer relationships
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