Author Samir Palnitkar

Financial accounting
Customer Loyalty
calendar image July 15, 2024

Financial Accounting for Liability from Rewards Programs

When a business launches a rewards program, it is critical to evaluate the impact of reward points on its financial

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Customer Loyalty
calendar image April 24, 2024

Financial Planning Strategies for a Successful Loyalty Program

In today’s competitive business landscape, loyalty programs have become a crucial tool for retaining customers and driving repeat business. Whether you’re a small startup or a large corporation, implementing an effective loyalty program can significantly impact your bottom line. However, to ensure its success, you need solid financial planning strategies.

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Case Study
calendar image May 30, 2022

Starbucks Loyalty Rewards Program Case Study: What Makes It Work?

Coffee helps us to kick start our day or helps us take the best breaks when we need one! Coffee gives us the much-needed boost of energy. The coffee market is growing at a CAGR of 5.5% during the forecast period (2019 – 2024). The number of Americans who drink a cup of coffee daily has been the highest in six years. This highlights the massive potential of this market segment. One of the key players in the coffee market is Starbucks, a common name to the coffee cravings! Starbucks has 30,184 stores worldwide, making a consistent coffee experience available in different countries throughout the world.

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Customer Loyalty
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Boost Rewards Program Engagement With 4 Customer Effective Loyalty Strategies

Relationships and communication with existing customers have a tremendous impact on your organization. You can increase revenue by focusing more

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Customer Loyalty
calendar image February 18, 2020

How to Build an Emotional Connection with Your Customers by Creating a Loyalty Program

The most important relationship for any business is with their customers. Love for customers translates in the form of how

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Customer Retention
calendar image December 17, 2019

Top 5 Customer Retention Trends for 2020

Most would describe it as the art of recognizing your most loyal customers, identifying their user behavior with relevant data analytics, and focusing activities with customers at the fulcrum point.

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Uncategorized
calendar image October 17, 2019

Driving Stronger Connections with Receipts Scanning

Brands and manufacturers need to revamp their loyalty programs to attract, retain, and grow customers. The changing landscape

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Customer Loyalty
calendar image July 27, 2019

How to Get Repeat Customers for Repeat Business ?

Ever wondered if you can quantify the value of a repeat customer, specifically for your business? Can you apply a

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Customer Loyalty
calendar image July 17, 2019

5 Strategies to Minimize Loyalty Rewards Programs Liability With Examples

With the introduction of Accounting Standards Codification ASC 606, the liability incurred by rewards programs is becoming an increasingly

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