Reducing a financial risk early can mean the difference between success and failure. Make sure that you follow all ethical, practical and legal guidelines when canceling an account or moving a customer from credit to COD. Done properly, you may be able to retain the customer at some level.
Active TeleSource has several tools that can assist you in creating a successful deactivation program that gives the deactivated customer the option to remain with you under a new contract. This alternative to parting ways has proven to be very successful in many industries. By informing former customers that there are alternative services or membership plans we can increase retention and restore relationships for you.
Increase your customer retention by 5%, and you could increase your profits 25% to 100%.