Best Practices to Maximize Service Contract Revenues
The product Install base provides manufacturers a huge opportunity to sell extended warranty and service programs, maintenance plans, and Subscriptions to customers. Companies can grow service revenues and profits by increasing the Attach Rates and Renewal Rates.
The Survey conducted with hundreds of Warranty and Service professionals provides insights into the practices from best-in-class companies with over 70% attach rates and 90% renewal rates. All companies can benefit from these best practices to maximize service contract revenues.