Back to Parative

Your CRM is Not Enough: Unifying Customer Data With Parative

January 24, 2023
January 24, 2023
January 24, 2023
|
14
min.

Welcome to the world of SaaS customer data management. 

It's a confusing, overwhelming, and frustrating place. 

With dozens of systems to capture, store, change, move, and visualize customer data, it's no surprise that few are designed actually to understand it. 

The result? 

Manual effort, wasted time, and lost opportunity. 

That's where Parative comes in.

Tracking product usage is nice, but which behaviors truly signal cross-sell readiness?

Reporting on customer health is helpful, but which factors accurately predict churn? 

Tableau reports are interesting, but which customers are ready to upsell now? 

Support tickets matter, but which customer needs are actually blocking renewals? 

These are the questions that Parative can help you answer. With Parative, you can identify key revenue signals by monitoring customer behavior, usage, intent, contract consumption, feedback, and market conditions. 

You'll be able to score each customer's outcome readiness and automate action in your other tools by proactively alerting teams and triggering workflows when scoring indicates opportunity. 

But that's not all.

Parative can connect any customer data source, including CRMs, CSPs, Marketing Automation, Contract Data, Usage/Behavior Data, Feedback Data, and Market Data. 

With the Parative ID Matrix for Unifying Records, you'll be able to combine all of the data and merge it into truly unified records.

So, join me on this journey to better customer data management, and discover how Parative can help you unify and understand your customer data, resulting in better revenue management. 

Let's do this!

The Challenges of Managing Customer Data

Managing customer data in SaaS companies can be a real headache. 

With so many different data sources and systems in place, getting a holistic understanding of your customer data can be a struggle. This leads to manual effort, wasted time, and lost opportunities. 

In this section, we will look deeper into these challenges and explain why traditional methods of managing customer data fall short. 

Manual Effort 

Individual contributors often have to develop their own operating systems just to make sense of all the data points and sources. This leads to inconsistent performance across the board. 

Not only is this time-consuming, but it also leads to a lack of trust in the data. 

With so many different systems and data sources, ensuring the data is accurate and reliable can be difficult. 

Time-intensive 

Surfacing data can be a real pain point for SaaS companies. 

RevOps, Data Science, and Engineering resources are often needed to surface data, but it can be difficult to trust the data. Without critical business context, it can be hard to know if the data is accurate or if the insights being derived from it are reliable. 

Lost Opportunity 

All of these challenges can lead to real consequences for your revenue. Underselling, missed forecasts, and missed rep and CS enablement opportunities are just a few examples of how the challenges of putting customer data to work can impact your bottom line. 

But there's a solution. 

Read on to learn about Parative's Revenue Scoring Engine that helps you predict customer likelihood to buy more or churn. 

With Parative, you can identify key revenue signals, score each customer's outcome readiness, and automate action in your other tools. 

Plus, Parative can connect any of your customer data sources, including CRMs, CSPs, Marketing Automation, Contract Data, Usage/Behavior Data, Feedback Data, and Market Data, and unifies them for a holistic understanding of your customer data.

Parative Revenue Expansion Offer

The Benefits of Parative: Manage and Unify Your Customer Data 

Managing customer data can be a real thorn in the side of SaaS companies.

But, with Parative, it doesn't have to be.

Parative is a comprehensive Revenue Scoring Engine and platform for managing and unifying customer data that helps you understand your customer data holistically. 

With Parative, you can identify key revenue signals, score each customer's outcome readiness, and automate action in your other tools. 

In this section, we will look deeper into the benefits of Parative and how it can help you improve your customer experience and drive revenue growth. 

Unified Customer Profile 

Parative can connect any customer data source, including CRMs, CSPs, Marketing Automation, Contract Data, Usage/Behavior Data, Feedback Data, and Market Data. 

With the Parative ID Matrix for Unifying Records, you can bring all of the data together and merge it into truly unified records. This gives you an accurate view of your customer data, which is crucial for understanding customer behavior and driving revenue growth.

Actionable Insight 

Parative uses machine learning to evaluate customers across key revenue signals in real-time. This allows you to understand customer behavior better and predict which customers are most likely to buy more or churn. With this actionable insight, you can improve your customer experience by providing personalized marketing campaigns and more efficient customer service. 

Marketing Automation 

Parative can help you optimize your marketing campaigns by providing actionable insight into customer behavior. With Parative, you can segment your customers based on all the data gathered across systems and identify signals that predict revenue opportunities. This allows you to create more personalized marketing campaigns and improve the customer experience.

Professional Services 

Parative's subscription includes software and dedicated access to expert humans – data scientists, engineers, and customer success managers – to help you get the most out of the platform. With Parative, you don't have to worry about data privacy, compliance, or data management best practices. Instead, Parative will take care of it for you.

Implementation in 15-30 Days 

Parative can be implemented in as little as 15-30 days, which means you can start seeing the benefits of Parative almost immediately. With Parative, you can have a unified customer profile, actionable insight, marketing automation, and professional services all in one platform.

In the next section, I'll go deeper into Parative's powerful Customer Data Unification functionality. 

The Power of the Parative ID Matrix for Unifying Records

If you are operating in the SaaS space today, you know that customer data is crucial for making informed decisions and growing revenue. But let's face it, managing customer data can be a real pain. 

With so many different data sources and systems in place, a holistic understanding of your customer data can be a real struggle. 

The signal is buried in the noise, and separating the wheat from the chaff is hard.

Unifying Your Customer Data

That's where the Parative ID Matrix for Unifying Records comes in. This powerful tool allows you to connect all of your customer data sources and merge them into one unified record. This means you can have a complete and accurate view of your customer data and make data-driven decisions to improve your customer experience and drive revenue growth.

With the Parative ID Matrix for Unifying Records, you can:

  • Connect any of your customer data sources including CRMs, CSPs, Marketing Automation, Contract Data, Usage/Behavior Data, Feedback Data, and Market Data.
  • Bring all of the data together and merge it into truly unified records
  • Ensure that your customer data is handled in compliance with data privacy regulations and that your customers' personal data is being protected.

Using Your Data to Drive Revenue

But what good is having all this data if you can't use it to drive revenue? That's where the real power of the Parative ID Matrix for Unifying Records comes in.

Imagine you're trying to identify which of your customers are most likely to buy more or churn. With the Parative ID Matrix for Unifying Records, you can easily segment your customers based on all the data gathered across systems and identify signals that predict revenue opportunities. 

This allows you to create more personalized marketing campaigns and improve the customer experience. 

And trust me, a personalized experience is key to keeping your customers happy and coming back for more.

Here are some examples:

Identifying Upsell and Cross-Sell Opportunities

  • Tracking product usage is nice, but which behaviors truly signal cross-sell readiness?
  • Parative allows you to understand your customer data holistically, identifying key revenue signals such as customer behavior, usage, intent, contract consumption, feedback, and market conditions.
  • By evaluating customers across these signals in real-time, you can score each customer's outcome readiness and target your marketing efforts to those most likely to buy more.

Predicting Churn

  • Reporting on customer health is helpful, but which factors accurately predict churn?
  • With the Parative ID Matrix for Unifying Records, you can identify patterns and signals in your customer data that indicate a high likelihood of churn.
  • By proactively targeting at-risk customers, you can take action to improve customer satisfaction and retention.

Automating Action in Your Other Tools

  • Once you've identified key revenue signals and scored customer outcome readiness, the Parative ID Matrix for Unifying Records can help you take action on the data.
  • You can automate your revenue expansion efforts and optimize employee efficiency by proactively alerting teams and triggering workflows when scoring indicates opportunity.

The Parative ID Matrix for Unifying Records is a powerful tool for SaaS companies that want to improve their customer data management. 

With high accuracy in identifying and merging customer data, reducing the costs of maintaining multiple data systems, improving customer data analytics, and ensuring compliance with data privacy regulations, the Parative ID Matrix for Unifying Records can help you improve your customer experience and drive revenue growth. With this powerful tool, you can easily sift through the noise of customer data and find the signals that will help you grow your business. But that's not all, the Parative ID Matrix for Unifying Records also allows you to identify opportunity wherever it's hidden. 

By connecting any of the above customer data sources, you can create a unified customer profile and discover new revenue opportunities.

In the next section, we will explore how the Parative ID Matrix for Unifying Records can help you Identify Opportunity... Wherever It's Hidden.

Identifying Expansion Opportunity from Customer Data

We all know that finding new revenue opportunities is key to sustainable growth. 

Especially in the current economic environment where budgets are constrained, companies are laying off workers, and sources of funding are drying up.

But with so many different data sources and systems in place, it can be hard to identify where these opportunities are hiding.

That's where the Parative ID Matrix for Unifying Records comes in. This powerful tool allows you to connect all of your customer data sources and merge them into one unified record. This means you can have a complete and accurate view of your customer data and make data-driven decisions to improve your customer experience and drive revenue growth.

Here's how it works:

Relationship Data

  • CRMs, CSPs, Marketing Automation
  • Identifies a customer across all data sources with 99.98% accuracy
  • Merges disparate data for identified customers into one unified record

Contract Data

  • Revenue, Opportunities, Volume Units, Renewals
  • Allows you to see the full picture of your customer's interactions with your business
  • Helps you identify opportunities for upselling and cross-selling

Usage/Behavior Data

  • Contract Consumption, In-Product Events, Engagement Tools
  • Gives you insight into how your customers are using your product
  • Helps you identify opportunities to improve the customer experience and drive adoption

Feedback Data

  • Sales/Renewal Blockers, Product Needs, Surveys, Support Tickets
  • Gives you direct feedback from your customers
  • Helps you identify opportunities to improve your product and services

Market Data

  • Inflection Moments, Fundraising, Hiring/Firing, Contact Updates
  • Helps you stay up-to-date on market trends and changes
  • Allows you to identify opportunities for new business and partnerships

With the Parative ID Matrix for Unifying Records, you can easily segment your customers and identify the data that is most important to your business. This allows you to create a more robust and accurate customer profile and make data-driven decisions to improve your customer experience and drive revenue growth.

But it's not just about finding new revenue opportunities. 

The Parative ID Matrix for Unifying Records also allows you to automate workflows and alert teams when opportunities are identified. This means you can easily take action on the data and turn it into tangible results.

For example:

Segment Your Customers

  • Segment based on all of the data gathered across systems
  • Segment important users - i.e., ADMINS only, DMs, or by buying role from the CRM
  • Identify signals that predict revenue opportunities.

Use Signals to Create Predictive Scores

  • Easily score from it, and easily maintain your customer data over time
  • Deliver Scores Directly to Your CRM
  • Include Score Context in Your CRM
  • Alert Reps in Slack
  • Alert Reps Over Email

Automate Workflows in Other Tools

  • Parative optimizes employee efficiency by automating desired workflows when revenue opportunities are identified.

The Parative ID Matrix for Unifying Records is not just a tool; it's a game-changer. It allows you to combine all your customer data in one place, which can help you make data-driven decisions and improve your customer experience. 

With it, you can easily find new revenue opportunities wherever they're hiding.

More About Parative: The All-in-One Revenue Scoring Engine

Parative is not just a tool for unifying customer data; it's an all-in-one revenue scoring engine that can help you improve your customer data management and drive revenue growth:

Unifying Customer Data

  • Parative allows you to bring all of your customer data together in one place
  • With high accuracy in identifying and merging customer data, reducing the costs of maintaining multiple data systems, improving customer data analytics, and ensuring compliance with data privacy regulations
  • Helps you improve your customer experience and drive revenue growth

Predictive Scoring

  • Parative analyzes your unified customer data to identify the factors which most predict growth opportunity and customer fit
  • These signals are then used to score each customer in your CRM
  • Allows you to make data-driven decisions and improve your customer experience

Automations & Alerts

  • Ensure employee follow-through by automating workflows and team alerts when Parative identifies a growth opportunity
  • Engage customers directly with Parative’s in-app widget
  • Optimize employee efficiency and improve the customer experience

Voice of the Customer

  • Enrich your Parative predictive scores with Parative’s all-in-one customer feedback add-on
  • Understand your customers’ needs and improve your product and services

Best of all, the implementation of Parative usually takes anywhere from 15 to 30 days. With our dedicated team, you won't need to bring additional developer resources into the process beyond placing a simple code snippet. 

Interested? You should be! 

Don't let your customer data be a hindrance to your business growth. Instead, let Parative help you understand everything and turn it into real results. You can learn more about Parative here

Get new content delivered straight to your inbox. Subscribe
by
Mark Lerner

Head of Marketing @ Parative, the Customer Behavior Platform. SaaS enthusiast, B2B Marketing Specialist, Startup Survivalist. Dad x2.

Stay up to date with the
best in customer behavior.