Instrumented Interconnecteds Intelligent

Posted by
Guest in

Post feed

RSS 2.0

Cameron HeadshotBy Cameron Hurst, Vice President of Targeted Solutions, Assurant Solutions

Building and sustaining customer relationships is fundamental to business success.  With the cost of customer acquisition at an all-time high, understanding customers and finding new approaches to improve service, retain business and increase profitability has become increasingly critical – and ever more challenging.

For many companies, the call center is a primary touch point where one phone call can make or break a valuable customer relationship.  Typically, call centers use a skills-based routing system or segmentation approach – which may only take into consideration an agent’s product focus, primary language and availability – to route customers to agents who can help them.  For example, a customer calling his credit card company might simply be routed to a group of agents based on his account balance. This approach has proven frustrating to the customer, as often the agent is not the best match to handle the inquiry. It can be equally frustrating for the agent, who must face the wrath of the angry customer if they are unable to handle the call efficiently.

Our experience at Assurant Solutions revealed that the right call center agent can build greater affinity and rapport with a customer, increasing the likelihood of a positive interaction.  Seeing this as an opportunity to differentiate and grow our business, we turned to business analytics.

YouTube Preview Image

Borrowing a page from successful on-line dating sites, we developed an analytics-based technology known as the Real-Time Analytics Matching Platform – or RAMP – that plays matchmaker between customers and call center agents in real-time.

All call centers regularly monitor the performance of their agents, such as their average call handling time and sales efficiency.  Companies also have key information about their customers – including the products or services they’ve purchased, contract terms, record of complaints and average call wait time.  RAMP combines the two sets of data to match each customer to the optimal agent, including those currently on another call, based on the highest probability of success.

This combination of customer insight, agent performance and real-time analytics provides individual level decisioning and assignment of calls not available in most call center applications.

At Assurant Solutions, RAMP has enabled our call centers to deliver highly personalized service. Our agents now have an increased understanding of each customer and their issues, which increases the probability of a successful resolution.  This has resulted in higher customer satisfaction and retention, increased sales yields, and improved agent productivity and morale within our business.

Within the first year of implementing RAMP, we increased our customer retention revenue by as much as 119 percent and our contact center-based sales revenue by as much as 29 percent. We also improved the total number of saved customers by as much as 49 percent, from a baseline of 15 percent to over 32 percent. These are impressive numbers.

And we believe this just the tip of the iceberg. As more companies across other industries like banking, retail and telco introduce RAMP in their call centers, we’ll begin to see a better connection with customers, improved service and stronger companies with a real competitive advantage.  Watch the video to learn more about our story.

Bookmark and Share

Previous post

Next post

13 Comments
 
May 27, 2014
5:58 am

Customer service are provided with an employment and business opportunity to work from home providing superior customer service to our clients from the comfort of home.

Very interesting topic will bookmark your site to check if you write more about in the future.


Posted by: Mhay
 
April 17, 2014
6:47 am

google


Posted by: AS
 
June 24, 2013
8:55 am

This is an interesting article. I have been trying to find a telecommunications system to help hand more business traffic. I was told to try call center services because they are used to working with business and organization with the same issue.


Posted by: John Decker
 
May 26, 2013
5:42 pm

Superb, what a webpage it is! This website provides helpful information to us, keep it up.


Posted by: from home make money online
 
May 13, 2013
6:57 am

all centers would find these investments as ideal in the current business scenario. This is the time when the clients and customers are ready to see some change. They are tired of telemarketing calls and being jostled for sales. They want some other approach and they are also game to be convinced into buying. The pre-condition is that it must be something off the block. You cannot do the same thing over the years and expect the interest and curiosity levels to be intact. That is when you have to make room for fresh influx of ideas and processes.


Posted by: Top VoIP Provider
 
October 23, 2012
2:24 pm

@Giana YES THIS! If we want to truly revolutionize the industry, make it work better. Half the time I call a “support” number, I am faced with trying to get through to any one that can understand me. It’s hard for the customer!


Posted by: Looking for call center
 
October 16, 2012
12:09 pm

Please do not reinvent this industry too much. I am tired of dealing with robots that asks me if my name is Gigi Foani and to repeat my address a thousand times. I am fine with a reinvention of the call center services industry if they implement more human interaction. I would rather have a tired and rude call center rep on the other end of the phone than a robot.


Posted by: Giana Forzareli
 
March 28, 2012
2:20 pm

The call center industry needs a new direction. The only constant in the industry seems to be unsatisfied customers. Luckily, there are consulting companies out there that are trying to make a change and help call centers improve their operations. I’m sure they will succeed in the long run.


Posted by: Josh
 
January 12, 2012
9:44 pm

o business success. With the cost of customer acquisition at an all-time high, understanding customers and finding new approaches to improve service, retain business and increase profitability has become increasingly critical – and ever more challenging.


Posted by: モンクレール
 
November 27, 2011
12:14 am

uggs sale uk are certainly likes to show off their product and also to help buyers have issued a list of US Authorised Trusted online stores.


Posted by: uggs cheap
 
October 30, 2011
11:58 am

Brilliant post, nicely done. And thanks for mentioning all those blogs – you have introduced to me to three new blogs and I love them all! Cheers :)


Posted by: Call Center
 
August 3, 2011
4:59 am

I really hope something comes out of this, because if there’s anything that needs innovation, it’s the call center industry. Development is too slow in that department. Customers are still being consistently annoyed and dissatisfied by poor customer care.


Posted by: call recording
 
May 3, 2011
4:22 pm

I had to call a company the other day to complain about their service and after the first statement I made, she called me a liar. I thought surly I could find someone else to deal with but it only got worse from there. They made an error and I am the one who it seems will pay for it. One thing is sure, I will no longer do business with them.


Posted by: Gene Erwin
 
1 Trackback
 
May 29, 2011
1:05 am

[...] Reinventing the Customer Call Center with Business Analytics | A … By Cameron Hurst, Vice President of Targeted Solutions, Assurant Solutions Building and sustaining customer … [...]


Posted by: Call center for business
 
Post a Comment