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Articles
Customer Education Program: Boosting the Product’s Value Received

Customer Education Program: Boosting the Product’s Value Received

Customer education programs are the cornerstone of Customer Success, driving product adoption, customer loyalty, and overall business growth. These programs function as comprehensive manuals that empower customers with the knowledge and skills needed to maximize the value of a product or service.
The Velaris Team
June 3, 2024
Articles
Strategies for Increasing Customer Lifetime Value

Strategies for Increasing Customer Lifetime Value

Customer Lifetime Value (CLV) is a critical metric that measures the total revenue a business can expect from a customer over the entirety of their relationship. Understanding CLV helps companies allocate resources effectively and boost profitability by focusing on high-value customers.
The Velaris Team
June 3, 2024
Articles
Customer Experience vs. Customer Success: Similarities and Differences

Customer Experience vs. Customer Success: Similarities and Differences

In today's business landscape, "Customer Experience" and "Customer Success" are often confused, yet they represent distinct aspects of customer relations. Understanding these differences is crucial for enhancing customer satisfaction, loyalty, and overall business performance.
The Velaris Team
May 30, 2024
Articles
Product Adoption Metrics: The Trackers of Success

Product Adoption Metrics: The Trackers of Success

Tracking product adoption metrics is essential for measuring the success and usage of new products. These metrics provide valuable insights that drive development and improve customer satisfaction.
The Velaris Team
May 30, 2024
Articles
Net Dollar Retention (NDR): Client Success

Net Dollar Retention (NDR): Client Success

Understanding Net Dollar Retention (NDR) is crucial for mastering customer engagement and retention in subscription-based industries like SaaS. This pivotal metric reveals the financial health and loyalty of a company's customer base, offering insights into business stability and growth potential.
The Velaris Team
May 30, 2024
Articles
What Does QBR Mean?

What Does QBR Mean?

Quarterly Business Reviews (QBRs) are essential for evaluating past performance and planning future strategies, especially in fast-paced industries like SaaS. They help align organizational efforts, optimize resource allocation, and drive business growth. This blog will explore how QBRs facilitate strategic planning, boost customer retention, and ensure continuous improvement, providing a structured approach to achieving your goals.
The Velaris Team
May 27, 2024
Articles
Understanding Product Usage Data

Understanding Product Usage Data

Product usage data is crucial for understanding how users interact with a product, providing insights that help refine product development, marketing, and customer support strategies. This data, which includes metrics like user logins, feature usage, and session durations, helps businesses tailor offerings to user needs, identify trends, and inform decision-making, ultimately enhancing customer satisfaction and retention.
The Velaris Team
May 22, 2024
Product Updates
Bring any unique customer data point into your CSP with Custom Objects

Bring any unique customer data point into your CSP with Custom Objects

Our latest product update lets users create custom relational databases for the customer information that just doesn't fit anywhere else.
The Velaris Team
May 22, 2024
Articles
Complete Guide to Mitigating Churn Risk

Complete Guide to Mitigating Churn Risk

Churn risk in SaaS businesses signifies the likelihood of losing customers, directly affecting profitability and growth. The blog post delves into effective strategies for Customer Success (CS) teams to identify and mitigate churn risks, thereby enhancing customer retention, satisfaction, and sustainable business growth. These strategies include monitoring usage patterns, analyzing support tickets, and implementing personalized customer success programs.
The Velaris Team
May 21, 2024
Articles
Account Prioritization in the World of Customer Success

Account Prioritization in the World of Customer Success

Account prioritization in Customer Success is a strategic method that helps businesses identify and concentrate their efforts on the most valuable customer accounts. This approach not only optimizes resource allocation and enhances the customer experience but also differentiates thriving businesses from those struggling to retain their customer base.
The Velaris Team
May 21, 2024
Articles
Unlocking the Power of Customer Success NPS

Unlocking the Power of Customer Success NPS

NPS is crucial for measuring customer loyalty and satisfaction, serving as a foundational element for effective customer success strategies. The blog post explains how to implement, analyze, and leverage NPS to enhance customer relationships, drive retention, and promote growth, and also explores the future potential of NPS through predictive analytics and AI integration.
The Velaris Team
May 20, 2024
Articles
Prioritizing Accounts in Sales: How and Why

Prioritizing Accounts in Sales: How and Why

Effective sales strategies rely heavily on prioritizing accounts, a cornerstone of success in the sales domain. This practice ensures that sales efforts are directed towards high-value prospects, maximizing revenue potential and efficiency. By defining clear criteria and utilizing tools like CRM systems, sales teams can strategically allocate resources, enhance customer engagement, and ultimately achieve better business outcomes.
The Velaris Team
May 17, 2024

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