According to a research by Gartner Group, on average 68% of customers' first contact with any company is still via phone, and contact centers that record calls can extract a wealth of information from these interactions - whether the focus is on improving customer services, legal compliance or increasing revenue.
With increasing requirements to comply with corporate governance policies and improving customer services, contact centers have realized the need of recording, analyzing and archiving customer interactions and extracting insightful information from this data. Call recordings enable contact centers to leverage these interactions as a source of business intelligence for customer analysis, dispute resolution and legal compliance. There are a number of benefits that contact centers can get out of a call recording system such as:
Call Center Analytics
Performance and productivity of contact centers are based on a number of variable and real-time dynamics. Traditional reports and charts do not capture this dynamic information effectively to provide sufficient information and drill-down capability for managers to quickly identify issue, measure performance and take informed decisions.
Today, Contact center managers require interactive tools for processing and analyzing data. They need dashboards, information portals and dynamic visualizations that they use to view quick overviews, drill-down information, compare data, and manipulate information. Some of the instant benefits that contact center can gain from a dashboard application include:
Contact centers thrive on two major performance factors: ability to reduce operational costs, and potential for generating revenue. Both of these aspects are directly impacted by a single and the most critical factor - the agents. Agents are not only the most expensive resource but also the most difficult to manage. Traditional methods of managing workforce require contact center administrators to continuously update and adjust daily schedules according to a number of parameters such as agent's availability, changing service level objectives, skipping production targets, and variable performance of agents.
A workforce management module integrated with contact center solution provides total visibility of contact center activities in real time and helps contact center administrators with four critical management operations:
Script & Call Flow Designer
Contact centers serve a number of diverse industries ranging from debt collection to telemarketing and from banking to technical support. For each industry, the process of collecting, organizing and disseminating information varies; the challenge is to tap individual requirements of each campaign and design a customized presentation of script to the agents.
A well-designed script not only enables agents to collect, organize and retrieve information from the CRM but also ensures that data is entered and stored correctly in the database. Sophisticated script & call flow designers improve overall productivity and efficiency of agents by:
Contact Centers, these days, are under constant pressure to provide superior customer service as well as comply with a number of regulatory laws. Where failure to provide satisfactory services can cause poor customer loyalty, non-compliance may lead to litigation and loss of business.
Therefore, investing in a contact center solution that provides necessary tools for ensuring compliance with regulatory laws and industry standards is a smart decision; it helps you avoid costly mistakes.
Depending on the nature of business, contact centers must comply with a number of regional or global compliance requirements such as Do Not Call (DNC), FTC, PCI Security Standards, HIPPA, Sarbanes-Oxley etc. Most organizations, now, do not consider business with vendor/contractors and contact centers that do not meet necessary compliance requirements.
In future, the only way to retain and grow business would be to ensure reasonable checks in place to manage compliance and eliminate breaches. There are certain contact center solutions that provide tools for collecting, storing and transmitting data safely, managing DNC lists, and automatically adjusting dial settings to comply with TSR rules.
The average turnover rate for contact centers is two times greater than it is across all industries. This leads many to consider high agent attrition normal, but the truth is that you can save a lot of money by working to reduce it. more
Owning and operating a business comes with its fair share of ups and downs. That said, the more disheartening moments almost always seem to negatively influence your company’s bottom line. Though by no means an all-inclusive culprit, much of the time, a downtrending bottom line can be accurately chalked up to poor customer service—the numbers back us up on this one. more
We’ve put together a comparison guide that covers over 40 of the top call center software options, providing details on pricing, features, support, and integrations. If you want to save time and still make a great investment, this guide is a must read. more