Enforceable Customer Commitments - Service that pays off

Publisher:

PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft

Enforceable Customer Commitments - Service that pays off

A snapshot of how enforceable customer commitments with financial penalties rebuild trust and drive measurable loyalty gains.

How financial penalties for unmet commitments transformed a bank's customer trust and loyalty metrics

Specific measurable outcomes: 20% reduction in complaints, 6.5% brand awareness gain, 8% annual new customer growth

Clear, published service standards on transparency, fees and quality that customers can understand and expect

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Year:

2013

Language:

English

Pages:

5

File Format:

PDF

Abstract

The Pattern "Enforceable Customer Commitments - Service that pays off" establishes the basis for a new level of quality regarding the customer relationship. Under the slogan "If it`s not good for you, it's not good for us", a bank pledges to fulfil specific commitments concerning (1) transparency, (2) service level and (3) fees.