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Study also shows use of mobile devices by customers to provide feedback to companies surged to 60 percent in 2013
PALO ALTO, Calif., May 14, 2014 /PRNewswire/ -- Medallia® (www.medallia.com), the global leader in SaaS Customer Experience Management (CEM) solutions, today released its annual Customer Benchmark Research Study. The free report shows that organizations where employees, from the C-suite to the frontline, engage with customer experience feedback simply achieve greater customer satisfaction. In addition, findings show that organizations that take action and close the loop with customers have happier customers than those that don't.
To develop the benchmark report, the Medallia Institute, a unit of Medallia, analyzed hundreds of CEM programs in the Medallia customer portfolio. Companies fell primarily within seven industries: business services, manufacturing, software/internet, financial services, hospitality, retail, and telecommunications.
Below are some of the key findings:
"Our annual benchmark study shows that companies that embed the Voice of the Customer into the fiber of their business, gathering feedback everywhere the customers is and delivering it to every employee to close the loop, get far better results than those that do not," said John Abraham, general manager of the Medallia Institute. "Having the right systems in place to capture customer feedback, deliver tailored insights and prioritize actions to every employee drives measureable improvement."
The full report is available for download here: http://www.medallia.com/resource/medallia-customer-benchmark-2014/.
The release of the Medallia Benchmark Study is one of several announcements Medallia is making this week in conjunction with Experience 2014: The CEM Leadership Conference. The annual customer event is taking place at The Ritz-Carlton resort hotel in the scenic Northern California coastal community of Half Moon Bay. Representatives of numerous industry leaders-including American Express Travel & Lifestyle Services, Macy's, Mercedes Benz USA, Four Seasons Hotels & Resorts, PayPal, Cox Communications, 7-Eleven, Tory Burch, and Zurich Insurance-are meeting to present case studies, share best practices, and explore the exciting future of CEM. See all recent news at www.medallia.com/press-room.
Medallia® is the Customer Experience Management company that is trusted by hundreds of the world's leading brands, including Four Seasons, GE, Marriott International, Nordstrom, Sephora, and Zurich Insurance. Medallia's Software-as-a-Service (SaaS) application enables companies to capture customer feedback everywhere the customer is (Web, social, mobile, and contact center channels), understand it in real time, and deliver insights and drive action everywhere-from the C-suite to the frontline-to improve the customer experience. Founded in 2001, Medallia has regional headquarters in Silicon Valley, London, Sydney, and Buenos Aires. Learn more at www.Medallia.com and follow us at blog.medallia.com, Twitter.com/Medallia, and Facebook.com/MedalliaInc.
©2014 Medallia, Inc. Medallia is a trademark or registered trademarks of Medallia, Inc. Net Promoter, NPS, and Net Promoter Score are trademarks of Satmetrix Systems, Inc., Bain & Company, and Fred Reichheld. Other brand names may be trademarks of their respective owner(s). Information is subject to change without notice. All rights reserved.
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