Connect Fall 2019 | Page 15

SALES + MARKETING A HANDS-ON APPROACH TO BUSINESS BANKING When The Child Center of NY decided to look for a new banking relationship, they switched to Sterling National Bank for all of their business banking activities, including checking, deposits, and commercial lending. 4 TIPS FOR CUSTOMER SERVICE SUCCESS “The change has been extremely positive,” says Steve Donowitz, CFO. “What’s important for us is that Sterling takes a hands-on app- roach to banking and offers outstanding customer service.” Is your business losing profits to poor customer service? A recent report issued by New Voice Media found that $62 billion of business is lost annually due to negligent customer care. Here are some tips for staying on your clients’ good side. The Child Center of NY was able to secure a manageable line of credit that enabled them to have more flexibility. “Sterling came to the table and helped us find resources,” Donowitz says. BE CONSIDERATE OF YOUR CLIENTS’ TIME. Prompt responses will demonstrate that you prioritize their timeline. For example, if your website estimates a 24-hour response time, reply in 3–4 hours instead. Use technology to under-promise, and then have a human employee exceed expectations. Traci Donnelly, CEO, says that while meeting the business banking needs has been crucial, their relationship with Sterling stands out the most. A representative from Sterling has served on the nonprofit’s board for years as part of the bank’s Community Reinvestment Act program. “We had other bids and opportunities, but Sterling has made us their priority. In addition to banking, our Relationship Manager helped us develop partnerships that further our mission in communities we don’t yet serve,” Donnelly says. “They partner us with people in meaningful ways and it adds to our abilities to serve our clients.” To read an exclusive online interview with Donnelly and Donowitz on innovation in nonprofit management, visit connect.snb.com/ child-center. For more information about protecting your not-for-profit from cyber theft, read Sterling National Bank’s white paper, “Low-tech Fraud Can be High Cost” at connect.snb.com/cyber-crime. HUMANIZE THE EXPERIENCE. Addressing customers by name, practicing active listening, and finding shared interests will ensure that your customer feels valued. Clients want access to real people, not just automated messages. PERSONALIZE YOUR RESPONSES. Experian Marketing Services states that personalized emails deliver six times more transaction rates. Instead of using terse, stodgy subject lines, such as “Your request has been received,” try a friendlier tone, like “Hi—thanks for reaching out. We’re on it.” Don’t underestimate the value of a customized note. MAKE USE OF FEEDBACK. Whether it’s an email, phone survey, or the “Contact Us” section of your website, feedback demonstrates that you’re listening, and gives your business an easy way to make improvements. According to Forbes, 80% of businesses believe they provide excellent customer service, but only 8% of customers agree.* *According to Gartner ’ s 2015 Marketing Spending Survey. RANKED ONE OF FORBES' BEST BANKS OF 2019 // CONNECT INNOVATION FALL 2019 // SNB.COM 15