Lifecycle Advantage Helps Red River Flow
Creating customers for life is fast becoming the ultimate goal in our industry, and it’s a core mission for Cisco, too. That’s why it’s always inspiring when we see our technology partners put the customer experience front and center in their businesses. Red River is the perfect example. As a technology integrator and Cisco Gold Partner, the company is best known for its focus on the U.S. government, and for delivering technology solutions and services to military and civilian agencies and the organizations that serve them.
Like other technology sector businesses, Red River has seen the customer landscape turn increasingly digital, with customers performing the majority of their sales research—along with a greater number of transactions—online.
Less face time means less stickiness with the customer, which is why Red River has moved to adopt more relevant business strategies to compete more effectively in the digital economy.
In October 2015, it began participating in the Cisco Lifecycle Advantage program to create valuable touch points across the entire digital journey – from the point of sale, to product and service adoption, to service and subscription renewals, and beyond. Because Lifecycle Advantage is 100 percent data driven and built on analytics, Red River is assured that these touch points are on the mark, allowing them to reach out to the right customer, at the right time, with the right message.
Data Mining for Opportunity
Through Lifecycle Advantage, each month Cisco mines its data repositories to provide Red River with a clean list of service renewal opportunities. Using highly scalable email automation capabilities, Lifecycle Advantage allows the company to quickly execute on these renewals along with other expand selling opportunities.
The numbers tell the story best: in the last six months, Red River increased its service renewal rate by 35 points year over year, achieved a 60% increase in service renewals and increased services bookings by 142% year over year. Lifecycle Advantage played a role in this impressive growth. If that’s not enough, email open rates throughout the Lifecycle Advantage renewal campaigns have doubled, and email click-through rates have tripled, providing proof points of the program’s reach.
Red River is focused on creating value across the full lifetime of the customer relationship, and earning the privilege to expand business with existing clients through recurring revenue programs such as service renewals. As the foundation of Lifecycle Advantage, data is not only vital for making all of this possible, but also essential for helping Red River execute on its goal of creating customers for life. We couldn’t be more proud of their success!
To find out how other industry leaders are using data to realize their goals, visit SuccessHub.