Value Realization - A Customer Success Mantra

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Transcript of Value Realization - A Customer Success Mantra

Page 1: Value Realization - A Customer Success Mantra
Page 2: Value Realization - A Customer Success Mantra

Cost Benefit Analysis

ROI

NPV

Utilization

Product Adoption

Only measures that matter are the ones agreed to with the

customer at project initiation

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CS function utilizes these measures to help customers achieve value realization

Value Realization

SuccessfulBusiness

Outcomes

CSMs - Not only a customer advocate but a driver towards realizing & communicating value for the customer

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Need to determine perceived value for the

customer

Ask customer questions during the onboarding

process

Measure value & recalibrate on a regular

basis

Constantly communicate value & benefits

Measure perceived value when stakeholders

change

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Value Definition

Value Delivery

Value Realization

Value Validation

Value defined during the sales process, with the promised ROI

Value delivered through implementation, integration, training, help content & support

The customer “AHA” moment

User confirms the value received & vendor gains approval from the larger organization

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Time from contract signing to Go Live

(in weeks or months)

Time to Live (TTL)

Time from contract signing to (X)% adoption

(in weeks or months)

Time to Value (TTV)

SaaS systems need to be inherently plug-and-play, with minimal time to implement systems

A low TTL & TTV benefit both customer & SaaS service provider

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CSMs need:To proactively create value for the customer

A deeper understanding of customers’ challenges & set out delivery to meet those challenges

Customer Value Realization is about

Delivering on established business outcomes

Consistent customer communication with metrics,

at the right time & through the right medium

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