DENVER, April 8, 2021 /PRNewswire/ -- Spinnaker Support, the world's highest-rated provider of Oracle, SAP, and Salesforce support services, today announced performance highlights for its full fiscal year ending December 31, 2020. The continued strong growth of Spinnaker Support's revenue, clients, staffing, and customer satisfaction present solid confirmation of its market appeal and recognition of its award-winning combination of third-party support and managed services.
"2020 was another exceptional year for Spinnaker Support," said Matt Stava, CEO at Spinnaker Support. "We excelled in revenues, new customer acquisitions, existing customer retention, and the continuous building of our employee base and hiring key executive leaders. I am extremely proud of our accomplishments, which occurred despite unprecedented global pandemic and economic turbulence. Because we prioritize customers and take a flexible approach to contracting, we lost zero customers to the global downturn while earning a Stevie Award in recognition of our impressive COVID response customer service."
Record Revenues from More Global Customers
In 2020, Spinnaker Support's customer count rose to just over 1,300. New customers included highly recognized and respected global brands spanning many industries, with 34% of new customers from enterprises headquartered outside of the United States. Additionally, existing customers consolidated their service requirements with Spinnaker Support, where 30.7% contracted for two or more of the company's support services.
Eleven organizations switched to Spinnaker Support from rival third-party support vendors, citing a stronger security program, more flexible commercial contracts, and lack of legal risk. "It was easy to switch to Spinnaker Support. We gained contract flexibility, improved service quality with our own assigned support team, and now enjoy a friendly and collaborative relationship," said an Oracle Database Customer in the Environmental Services industry.
New and Enhanced Services to Meet Customer Demand
Spinnaker Support added and enhanced significant services to meet the evolving needs of its clients.
For the excellence of its existing and new services, Spinnaker Support's operations teams received a record five Stevie Awards in 2020, including Customer Service Department of the Year, Front-Line Customer Service Team of the Year, and Woman of the Year in Customer Service.
Building Towards the Future
Spinnaker Support onboarded a record number of new employees in all regions and nearly doubled the global tax and regulatory compliance team size.
To embrace growing market demand, Spinnaker Support appointed key executives with decades of industry experience. These included:
Customer Satisfaction Rises Again
Overall satisfaction increased to 98.7% in the annual customer survey, with high marks for service quality, technical and functional knowledge, and the understanding of customer's business and unique environment. Customer loyalty remains unrivaled in the space, with a Net Promoter Score of 79, nearly twice the service industry average. Customer willingness-to-recommend exceeded 91%, illustrating the high regard of the growing customer base.
Customers cite the comprehensive, responsive service, which averaged <5-minute response time. "With SAP's support, we never spoke with anyone," said Craig McBroom, Business Analyst at BancTec. "Now, with Spinnaker Support, it's 3-4 times better than SAP was. We talk to real people who deliver real resolutions. It's like you found the switch to the light in a dark room."
86.3% of annual survey respondents view Spinnaker Support as Critical or Important to the work they do. Korean-based Hanssem agreed: "Spinnaker Support is a partner that is verified and trusted from various angles. We are receiving professional support services, cutting costs, and have reallocated human resources. Even in the coronavirus era, we have been able to strengthen our core capabilities and improve our cash position."
"Since founding in 2008, we have not wavered from our mission of delivering 'supportive support' with integrity," said Stava. "We reinvest a high percentage of revenues into continuous improvement of service capabilities and value, exemplified by the fact that over 70% of employees work in customer-facing service roles. With an outstanding year like 2020, we invest more in the services that drive our customers' business success. Our high customer satisfaction and loyalty scores reflect that level of dedication and outcomes."
About Spinnaker Support
Spinnaker Support is the leading global provider of third-party enterprise software support, managed services, and consulting for mid-size to Fortune 100 global enterprises. Recognized and respected brands that run Oracle, SAP, and Salesforce customers benefit from more responsive, comprehensive, and affordable services for their enterprise applications and technologies. Since 2008, our award-winning services, exacting standards, and unparalleled expertise have earned us the trust and loyalty of more than 1,300 organizations in 104 countries. To learn more about Spinnaker Support, visit our website.