Benefits of Account Management
Posted: Sun Apr 20, 2025 5:21 am
The company's growth potential increases if the organization can sustainably maintain large customer accounts.
Satisfied customers are more likely to recommend a business, creating opportunities for additional sales in the future.
So, account management is all about increasing customer satisfaction . According to one study , a company's net profitability even increases by 11.5% for every 1% increase in customer satisfaction. This means that satisfied customers are more likely to stay with your company and continue to shop there. But achieving this goal with hundreds of potential customers is no easy feat. This is what makes the role of the account manager so essential.
Try Monday CRM
Different account management depending on the sector of activity
It's difficult to establish common rules for customer account rcs data morocco management because it varies greatly from industry to industry. However, there are certain best practices that an account manager can apply to any account, regardless of the industry. To get the most out of these best practices, however, it's important to be aware of the differences that exist between industries when it comes to account management:
SaaS account management : focuses on upselling based on specific customer needs and on building customer loyalty by bringing them deeper into the brand ecosystem,
Wealth management account management : focuses on special relationships with a small number of clients for better client retention, to reduce the number of departures and to achieve individual objectives,
Satisfied customers are more likely to recommend a business, creating opportunities for additional sales in the future.
So, account management is all about increasing customer satisfaction . According to one study , a company's net profitability even increases by 11.5% for every 1% increase in customer satisfaction. This means that satisfied customers are more likely to stay with your company and continue to shop there. But achieving this goal with hundreds of potential customers is no easy feat. This is what makes the role of the account manager so essential.
Try Monday CRM
Different account management depending on the sector of activity
It's difficult to establish common rules for customer account rcs data morocco management because it varies greatly from industry to industry. However, there are certain best practices that an account manager can apply to any account, regardless of the industry. To get the most out of these best practices, however, it's important to be aware of the differences that exist between industries when it comes to account management:
SaaS account management : focuses on upselling based on specific customer needs and on building customer loyalty by bringing them deeper into the brand ecosystem,
Wealth management account management : focuses on special relationships with a small number of clients for better client retention, to reduce the number of departures and to achieve individual objectives,