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Symend report shows financial uncertainty is putting company-customer relationships at risk

Date: October 20, 2022Location: Calgary, Alberta

Symend, a Behavioral Engagement Technology leader, released research indicating that two-thirds of billpayers are discontinuing relationships with service providers amid rising financial uncertainty and exhaustion. The study, conducted with Insight Avenue, examines how U.S. and Canadian billpayers are managing decision fatigue, digital fatigue, and resource scarcity.

The research emphasizes that understanding evolving consumer behavior is essential for companies seeking to build meaningful customer relationships and mitigate risk.

Half of billpayers regularly disregard messages from their service providers.

Why Customers Ignore Messages

"Service providers have a clear opportunity to connect more effectively with customers, providing support in making better decisions while building stronger relationships." — Tiffany Kaminsky, Chief Impact Officer and Co-Founder
"Leading with empathy and understanding customer barriers are keys to unlocking increased customer engagement and business value." — Aneesha Nilakantan PhD, Behavioral Scientist

About Symend

Symend is a SaaS company headquartered in Calgary, founded in 2016, with operations across Canada, the United States, and Latin America. The company specializes in hyper-personalized digital experiences based on behavioral science principles.

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