Customer Success Management Pioneer Adds Key Functionality For March 2014 Release
On March 18th, Mountain View, CA based Gainsight announced the Spring 2014 release of its customerssuccess management platform. Led by CEO Nick Mehta, the cloud software vendor has received over $29M in funding from key investors such as Bain Capital, Battery Ventures, Capital Innovators, Cultivation Capital, Silicon Valley Bank, and Summit Partners. In addition to the latest release, the company added two industry veterans Sherif Botros from SAP as Chief Data Scientist and Puja Ramani from Facebook as Director of Product Management and Analytics.
Five key features designed for the largest of enterprises were announced for the Gainsight Spring 2014 release and include:
- Support for sponsor tracking with LinkedIn and InsideView. New feature takes contacts listed in a client’s CRM system and monitors status changes in InsideView and Linkedin. Known as Gainsight Sponsor Tracking, the feature also adds relevant news, events, and CRM intelligence. These additional, external data points factor into a holistic customer health score that includes usage, support, engagement, and and other relationship health metrics.
Point of View (POV): A top root cause for churn is an executive sponsor’s departure. The automated system serves as an early warning indicator when status changes for key contacts to help provide the advantage of time and insight when protecting renewals and future upsell. The feature also locates potential advocate or customers to on board.
- Delivery of a Salesforce1 mobile app . The Gainsight Salesforce1 Mobile App integrates natively with Salesforce (see Figure 1). The Gainsight offering allows users access on Android and iOS phones and tablets. Alerts, tasks, customer health data, and survey feedback are integrated with Salesforce system data.
(POV): Mobility tops this year’s list of key enabling digital technologies in almost every Constellation survey. Customers can take advantage of in-between and wait times to update customer health and fill notes via the application. Many existing customers expect that this feature will improve team productivity from 10 to 25%.
Figure 1. Gainsight Delivers a Native Integration To Salesforce1
- Release of Gainsight Success Snapshots. As a new data visualization publishing feature, the solution helps clients build and publish data filled presentations, executive updates, and QBR reports. Users can populate presentations with customer queries or templated reports.
(POV): Customers seek not only good reporting tools, but also consumer grade user experience and ease of use. Data visualization tools play a key role in effectively democratizing the data to decision process among stakeholders championing customer success.