SaaStr 716: The Future of Customer Success in 2024: Insights and Predictions from Gainsight CEO Nick Mehta and SaaStr CEO and Founder Jason Lemkin
Jan 12, 2024
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In this episode, Gainsight CEO Nick Mehta and SaaStr CEO Jason Lemkin discuss the future of customer success in 2024. They cover topics such as the impact of AI and SaaS spending cuts, the correlation between customer success and revenue retention, the effects of the pandemic on software companies, the importance of change management in software deployment, and the evolution of customer success in the software industry.
Investing in customer success can lead to significant revenue retention
Automation and self-service options are becoming vital for enhancing productivity and efficiency in customer success teams
Deep dives
SaaSter Europa 2024: The UK's largest SaaS event returns with 3,000 professionals expected to attend
SaaSter Europa is coming back to London in June 2024 for its fifth installment, bringing together 3,000 SaaS and Cloud professionals for two action-packed days of insights and learnings. Listeners of the podcast can save $200 on tickets by using the code FAVE200 at checkout.
The future of customer success in 2024: Insights and predictions from GainSight CEO and SaaSter CEO
In this episode, GainSight's CEO and SaaSter's CEO discuss the future of customer success in the SaaS industry. The conversation revolves around the challenges faced in 2023, including drops in gross retention and the need for discount negotiations. They emphasize the importance of investing in customer success, as even modest success can result in significant revenue retention. They also highlight the crucial role of change management and the need for a 10x improvement in product value to ensure customer satisfaction.
Customer success teams adapting to new trends
The podcast touches upon the changing landscape of customer success teams. It discusses how automation and self-service options are becoming vital for enhancing productivity and efficiency. The traditional role of customer success managers (CSMs) is evolving, and there is a growing trend of integrating CS teams under revenue-focused leaders like CROs. Additionally, the episode highlights the importance of change management and the need to effectively automate administrative tasks in order to improve the success and happiness of CSMs.
The future of customer success software
The podcast episode explores the potential of customer success software in driving efficiency and supporting post-sales activities. It emphasizes the need for advanced tools that go beyond basic features like wikis or basic bots. The hosts discuss the importance of remaking the category by employing true AI and leveraging automation to eliminate manual work, enhance internal communication, and improve customer satisfaction. They stress the need for software solutions that can handle the evolving demands of the customer success function in a rapidly changing industry.
SaaStr 716: The Future of Customer Success in 2024: Insights and Predictions from Gainsight CEO Nick Mehta and SaaStr CEO and Founder Jason Lemkin
Is it the end of an era in SaaS customer success?
It seems like some of the biggest changes to the human side of SaaS are happening right now. What does the AI revolution and SaaS spending cuts mean for the future of Customer Success and support?
In this episode, SaaStr CEO and Founder, Jason Lemkin, and SaaStr fan-favorite, Nick Mehta, CEO of Gainsight share their insights and predictions on what the future of customer success will hold in 2024 and beyond.
SaaStr hosts the largest SaaS community events on the planet.
Join us in 2024 at:
SaaStr Annual: Sept. 10-12 in the SF Bay Area. Join 12,500 SaaS professionals, CEOs, revenue leaders and investors for the world's LARGEST SaaS community event of the year. Podcast listeners can grab a discount on tickets here: https://www.saastrannual2024.com/buy-tickets?promo=fave20
SaaStr Europa: June 5-6 in London. We'll be hosting the 5th SaaStr Europa in London for two days of content and networking. Join 3,000 SaaS and Cloud leaders. Podcast listeners can grab a discount on Europa tickets here: https://www.saastreuropa2024.com/buy-tickets?promo=fave200
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