6 min read
The Best Way to Utilize Warranty Management to Ensure Recurring Revenue Streams
Recent Study Indicates Utilization of Warranty Management Strategy Ensures Recurring Revenue Streams
Strategies For...
Mize Warranty Management creates a consistent and streamlined warranty management experience across the enterprise and the marketplace. Your key stakeholders—from manufacturers and distributors to dealers, suppliers, and customers will have the tools they need to reduce costs and increase visibility to product quality issues.
Improve the effectiveness and efficiency of all warranty processes by simplifying and automating product registrations, service plans, warranty claims, returns, supplier recovery and service campaigns.
Reduce warranty costs by applying warranty policies and terms, increasing supplier recovery, and improving service operations. Increase customer retention and grow service plan sales by delivering a better value and differentiated customer experience.
Improve product quality through actionable insights with warranty reporting and analysis to reduce detection- to-correction cycle time of any product defects. Enhance collaboration with all stakeholders, including Quality, Manufacturing, Engineering, and Suppliers.
Reduce warranty processing costs by 15% streamlining processes, eliminating duplicate data entry, and automating claim adjudication
Shorten claims processing cycle time, while Increasing supplier recovery to 40% to 60% of total warranty cost
Lower Total Cost of Ownership (TCO) with an easy-to-implement solution powered by scalable cloud architecture
See a 50% increase in service plan sales while improving the overall customer experience
Ensure faster processing by validating claims data and allowing richer content to be captured
Improve dealer satisfaction with faster and accurate warranty payments and performance analytics
Manage and track products, customers, and warranty entitlements
Elevate customer onboarding experience
Generate additional revenue and profits from accessories, parts, services and service plans
Inform customers on service campaigns, product knowledge, and upgrades
Increase plan attach and renewal rates
Improve customer retention and loyalty
Grow sales and profitability of service plans
enable deeper customer and product insights
Control warranty costs with extensive checks and validations
Enhance the accuracy and integrity of claim data
Capture attachments, videos, diagnostics and communication
Improve productivity and efficiency with Claim process automation
Increase in warranty cost recovery by 40%
Drive product quality and supplier performance
Manage supplier warranty cost-effectively
Provide real-time visibility to warranty failures
Manage recalls efficiently and cost effectively
Enhance the accuracy and integrity of claim data
Capture attachments, videos, diagnostics and communication
Improve productivity and efficiency with Claim process automation
Gain actionable insights to reduce warranty costs
Reduce detection-to-correction cycle-time to fix quality issues
Provide a centralized and trusted source of warranty metrics
Save time and cost in creating ad hoc reports
Fleets in asset-intensive industries have their service centers to perform maintenance and repairs. Warranty recovery for products under OEM or Supplier warranty or a Service Contract is critical to control costs. Fleets have to deal with several different warranty systems making the claim process inefficient.
Fleets in asset-intensive industries have their service centers to perform maintenance and repairs. Warranty recovery for products under OEM or Supplier warranty or a Service Contract is critical to control costs. Fleets have to deal with several different warranty systems making the claim process inefficient.
Supplier Recovery is an integral part of the Mize Warranty Smart Blox and enables Manufacturers (OEMs), Distributors, and Fleets to increase warranty cost recovery, drive product quality and supplier performance, manage supplier warranty efficiently and cost-effectively.
Global manufacturers spend billions of dollars a year to cover the cost of warranty claims and product recalls. Manufacturers need to quickly detect and correct emerging quality issues to reduce escalating warranty costs and improve customer satisfaction.
Jan 19, 2021 by Mize Inc.
Recent Study Indicates Utilization of Warranty Management Strategy Ensures Recurring Revenue Streams
Strategies For...
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