THE ANGELWOOD GLOSSARY

Useful words.
Clearer thinking.

Plain-English definitions for the language of client relationships, delivery, billing and retention.

25 guides

THE ANGELWOOD GLOSSARY

A

01

Account Management

The practice of managing ongoing client relationships at a firm to maximize satisfaction, retention, and growth.

THE ANGELWOOD GLOSSARY

C

01

Change Order

A formal request to modify the original project scope, typically with associated cost and timeline adjustments.

02

Client Churn Rate

The percentage of clients who stop working with a firm during a specific period.

03

Client Communication

All interactions between firm and client, including updates, meetings, emails, and portal activity.

04

Client Expectations

What clients anticipate receiving from a firm engagement, including results, timelines, and service experience.

05

Client Feedback

Input from clients about firm performance, deliverables, and overall experience.

06

Client Health Score

A composite metric that predicts client satisfaction and churn risk based on engagement signals.

07

Client Lifetime Value (CLV)

The total revenue a firm can expect from a client relationship over its entire duration.

08

Client Onboarding

The structured process of integrating new clients and setting them up for success with your firm.

09

Client Portal

A secure online space where clients can access project updates, approve deliverables, and communicate with their firm.

10

Client Retention Rate

The percentage of clients a firm keeps over a specific period, typically measured annually.

11

Client Satisfaction

A measure of how well a firm's services meet or exceed client expectations.

THE ANGELWOOD GLOSSARY

M

01

Managed Service

Ongoing, outsourced management of a specific function or service on behalf of clients.

02

Milestone Billing

A billing structure where payments are tied to the completion and approval of specific project phases or deliverables.

THE ANGELWOOD GLOSSARY

N

01

Net Revenue Retention (NRR)

The percentage of recurring revenue retained from existing clients, including expansions, contractions, and churn.

THE ANGELWOOD GLOSSARY

P

01

Project Client

A client engaged for a specific, time-bound project rather than ongoing services.

THE ANGELWOOD GLOSSARY

Q

01

Quarterly Business Review (QBR)

A structured meeting to review performance, discuss strategy, and strengthen client relationships every quarter.

THE ANGELWOOD GLOSSARY

R

01

Retainer Agreement

A contract where clients pay a recurring fee for ongoing services, typically monthly, rather than per-project.

02

Retention Strategy

A systematic approach to keeping clients engaged and preventing churn.

THE ANGELWOOD GLOSSARY

S

01

Scope Creep

The gradual expansion of project requirements beyond the original agreement, often without corresponding budget increases.

02

Service Delivery

The execution and fulfillment of services promised to clients, including quality, timing, and communication.

03

Statement of Work (SOW)

A formal document defining project scope, deliverables, timeline, and terms between a firm and client.

THE ANGELWOOD GLOSSARY

U

01

Upselling

Expanding client relationships by offering additional or enhanced services to existing clients at your firm.

THE ANGELWOOD GLOSSARY

V

01

Value Realization

The point at which clients recognize and experience the value of a firm's services.

THE ANGELWOOD GLOSSARY

W

01

White Label

Branding software or services with your own firm's identity rather than the provider's brand.

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