Calling for More Than Quality Assurance By: Eyal Rudnik, Product Marketing NICE Systems.
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Calling for More Than Quality Assurance By: Eyal Rudnik, Product Marketing NICE Systems Interaction Analytics enables: • Improved quality of service • Better intelligence for enterprise • Compliance and risk management 3 Precision Monitoring/ Analytics Below Average Poor Lower Revenues Increased Costs Reduced Customer Sat Above Average Good Increased Profits Reduced Costs Improved Customer Sat 4 Precision Monitoring and Analytics • Focus on meaningful interactions • Perform root-cause analysis • Shorten the time it takes for corrective action • Use knowledge to influence future processes & interactions Switch from focusing on “What happened?” to “Why it happened?” and “What is likely to happen?” 5 Customer Behavior Modeling • Understand customer intent • Determine satisfaction drivers • Manage the experience – Service level – Quality of the interaction Concerns Competitor & Termination References Raised Customer Trends & Signals Opportunity Window Proactive Opportunity Window Questions about Value & Fees • Predict behavior – Churn probability – Purchasing patterns – Preferences Churn Alert Poor Account Balance Trends ! Early Intervention Alert Intervention Alert “Firms must model customer behavior, turn analysis into action and revise constantly …” - Forrester Research 6 The Enterprise Behavioral Modeling Emotion Detection Competitive Intelligence Script Adherence Root cause Contact Center Call Flow Analysis Fraud Detection 7 Speech Analytics Customer information Historical transactions Emotion Detection Talk Analysis Screen-events Data extraction INTERACTION ANALYTICS Feedback on: Quality of service Product and services Marketing Campaigns Queue time Transfer Ring time Hang-up side Hold 8 A few examples to unlock imagination… 9 • • • • leading healthcare insurer : Over 350 agents, 4 million calls and 115 million claims handled per year. Challenge: Manage call influxes to improve service and reduce avoidable calls Solutions: – Audio Analysis analyzes influxes of calls associated with new member plans to identify questions being asked and improve marketing communications – Audio Analysis pinpoints calls related to medical procedures that are prone to costly claims appeals. Identified scripting for agents that resulted in reductions in claims. – Screen Analysis tags interactions with Customer ID for quick claims and dispute research Business Impact: – Reduced total call volume associated with new health plan groups by 5% ($18,000/year) – Reduced post-mailing call volume by 30% immediately – Reduced medical appeals exposure by 3% per year – Identified potential legal exposure from marketing communication – saved loss of +$2mm 10 • • One of the largest retailer: employing over 325,000 associates. Challenges: Increase up-sell / cross-sell success and decrease cancellations of sales orders, Third party IVR customer surveys very costly, time intensive, and slow to deliver insights. • Solutions: – Identified Sales interactions (Audio Analysis) that did not result in a sale (Screen Analysis) – Precision Monitoring conducted to assess Sales specific skills – Best practices call library used to share examples of excellent selling techniques • Results: – An average sales associate estimated increase in sales by more than $244,000 annually by improving critical sales quality elements. – Sales uplift for bottom third of associates is more than $3.05 million estimated for first year. – Cost savings of over $200K per year through improved survey process. – Identified conciliatory offers losing the company money vs. retaining customers 11 Q&A… 12