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EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 1
BRILLIANT
CUSTOMER SERVICE
COSTS A LOT OF MONEY
makes
Unbeatable customer experiences boost your bottom line
and clearly set you apart from the competition.
© ThinkOwl
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 2
GOODBYE, MOM-AND-POP SHOP!
Gone are the days of the good old mom-and-pop store,
where the owners managed everything and personally
knew all the answers to their customers’ questions and
needs.
In times of modern online commerce, the way we buy
services and products has changed dramatically over
the past few years. Today, many employees at once are
involved in customer interactions on multiple channels
and need access to data and information. But with
automated case processing — powered by artificial
intelligence (AI) — even “mom and pop” can successfully
scale in the new digital world. But more on that later.
It’s no secret: Agility in day-to-day business is critical and
creates more sustainable and efficient processes, which
not only stimulates internal dynamics but also promotes a
customer-oriented company structure.
Customer relations need to be nurtured. Simply making
sure your transactions run smoothly is no longer enough.
You have to cultivate and tend to long-term customer
relations.
HAPPY CUSTOMERS RAISE YOUR BOTTOM LINE
Never underestimate the strategic and economic value,
superb customer service brings to your company. It’s what
distinguishes you from the competition.
Lacking customer satisfaction, on the other hand, fuels
customer frustration, results in negative reviews and
ultimately leads to higher service costs.
Not addressing your customers’ needs quickly enough or
inundating them with redundant information will make it
very hard to make your audience happy in the long run.
Every interaction bares the opportunity to build a good,
long-lasting customer relationship that will ultimately
contribute to your company’s rapid growth.
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 2
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 3
TRADITIONAL SOFTWARE SOLUTIONS
ARE RIGID AND OFFER LITTLE SUPPORT
The challenge
Large companies with numerous service agents are
challenged with keeping an overview of customer
interactions and always maintaining transparency.
The problem?
Brands may spend big money on soliciting new
customers. Too often, though, they hesitate to invest in
distinctive customer service.
The consequences?
The company repeatedly engages customers in complex
sales process-es. On top of that, confusing websites, long
wait times, incompetent service and products that aren’t
really what the customers want make great service pretty
much impossible.
Your company won’t become agile as long as complicated
systems, technologies and infra-structures dominate, and
every time updates or modifications are in order, you have
to depend on the IT department for help.
By today’s standards, customer organizations must be
able to update their tools without interrupting business
or causing media disruptions. ThinkOwl is an integrated
software solution that talks to your other applications.
Your agents can manage tickets and trigger workflows
without leaving their central helpdesk.
This e-guidebook shows how to optimize your customer service organization, offer your customers
exactly what they need, at the right time – and even go beyond what’s humanly possible:
Supersede your customers’ expectations with the power of AI.
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 3
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 4
The customer experience ROI study by Watermark
Consulting demonstrates the added value unbeatable
customer service brings to a company:
Leading companies surpassed the market average,
generating a total revenue 35% higher than the S&P
Index.
Laggards were left far behind, with a revenue 45%
below the market.
120,0%
100%
80 %
60 %
40 %
20 %
0,0 %
Cumulativetotalyield
Customer service
leaders
S&P 500
Index
Customer service
laggards
107,5 % 72,3 % 27,6 %
CUSTOMER SERVICE LEADERS
BY FAR SURPASS THE MARKET
8-year stock price development
of customer service leaders vs.
laggards vs. S&P 500 (2007–2014)
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 4
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 5
LEARN FROM THE LEADERS
How successful companies create excellent customer experiences,
so customers remain loyal for a long time
1.	 Soar beyond customer expectations
At what point do customers recommend a service
or product to others, turn into repeat shoppers and
become more inclined to purchase? At exactly the time
they develop a positive attitude toward the service or
the product – usually following a particularly positive
customer experience. Thus, if you want your customers
to be loyal to your brand for a long time, make them
happy. Better yet, soar higher than the competition
and deliver superhuman customer service beyond your
customers’ expectations.
2.	First the essentials, then extra goodies
Successful companies first master the basics of
excellent customer satisfaction:
Eliminate frustrating barriers to products and services,
wrinkle out transactions, be accessible, have answers.
Once customers are getting what they need and are
content, you can surprise them with nice extras and
turn each interaction into a unique, unforgettable
customer experience.
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 5
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 6
3.	 Positive customer experiences happen at the emotional
level
Leaders in customer service leave nothing to chance.
Every single customer experience is managed
deliberately. What’s more, successful organizations
consider the emotional level. What this means? They
not only meet the customer’s rational expectations,
they make them feel good, too. As a result, the
customer will remember the experience and develop a
positive as-sociation with the brand.
4.	Customer satisfaction and staff happiness are related
We talk so much about customer satisfaction yet
often forget to ask whether our service team is
happy. Recognize the relation between the two:
Happy, engaged agents positively impact customer
satisfaction. In turn, content customers lead to even
happier, more engaged agents.
To catalyze this positive cycle, successful companies
focus on the wellbeing of their customers AND that of
their employees.
5.	 Understand your customers’ perception through
cognitive science
It’s critical to consider both the reality and the
perception of a customer experience. Service leaders
understand how the human mind interprets an
experience and forms a memory. They use cognitive
science to create more positive customer experiences
and ultimately strengthen customer loyalty.
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 6
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 7
Agility in customer service raises your
bottom line and boosts customer satisfaction
Agile customer service makes your employees’ life easier. Imagine you had fewer incidences
and disruptions and the capability to resolve 80% of all customer requests within a few hours.
To top that, you always have a 360-degree overview of the processes and topics that concern
your customers and employees.
Optimizing your processes automatically creates happier customers.
Higher agent
productivity
1
Digitalized
self-service
2
Higher first
contact resolution
(FCR) rate &
reduced error rate
3
Analyzing service
processes &
drawing valuable
conclusions
4
Automated
workflows
& no more
redundancies
5
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 8
Higher agent productivity
With shorter average handle times (AHT),
productivity increases and running costs for agents decrease.
These are your opportunities to reduce helpdesk costs. When agents have fewer repeat contacts
and don’t need to make right on errors all the time, they can focus on what’s essential.
HOW
•	 Install an agile customer service solution
•	 Agile case management: Assign cases to the right agent
at the right time
WHY
•	 Fewer media disruptions (caused by frequent
switching between applications)
•	 Agents are relieved of routine tasks
•	 Less frustration at the workplace
1
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 8
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 9
Digitalized self-service
If you give your customers self-service options to solve a problem themselves,
you save your agents a lot of work.
Rather than swamping agents with endless service tickets, customers can simply
take matters into their own hands.
HOW
•	 Build a nest of knowledge: Collect frequent questions and
answers and analyze your customers’ journey (customer
journey mapping)
•	 Integrate knowledge into chat and email responses
•	 Use training sets for AI-based dialog systems (online
self-service, chatbot, email responses)
WHY
•	 Reduced email volume
•	 Shorter average time to resolution
•	 Improved customer satisfaction
•	 A lighter case load allows agents to focus on important
tasks
2
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 9
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 10
Higher first contact resolution
(FCR) rate & reduced error rate
Ambitious digital customer service means that rather than fixing the same errors time and again,
your agents can focus on what’s really important: Creating exciting, personal service experiences.
WHY
•	 Classify and prioritize cases automatically – with AI
•	 Process routine cases largely automatically
•	 Employ one-click responses
•	 Identify challenging tickets with the help of AI and
immediately assign them to expert agents
3
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 10
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 11
Analyzing service processes &
drawing valuable conclusions
Regularly analyzing service cases is important, so you can draw insightful conclusions.
This not only allows you to continually adapt and optimize your customer service but also
empowers you to make informed strategic decisions.
HOW
•	 Analyze relevant support trends
•	 Precisely analyze customer behavior
•	 Measure your user productivity
•	 Optimize collaboration between departments
WHY
•	 Understand customer problems and visualize them
graphically
•	 Gain precise, data-driven insights so you can improve
strategic and business decision-making
•	 Recognize trends in your customer communication
4
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 11
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 12
Automated workflow and
no more redundancies
How to prevent problems and redundancies? With a solution that, in addition to optimal
customer service, offers business intelligence data. Automating workflows and running routine
tasks on autopilot frees up capacities for the really urgent cases.
5
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 12
BETTER BOTTOM LINE THROUGH...
•	 Proactive use of the customer service solution
•	 Employees sharing customer info
•	 Transforming customer inquiries into concrete knowledge
•	 Designing your own custom business processes
REDUCED EXPENSES THROUGH...
•	 Identifying potential product improvements
•	 Resolving problems quicker
•	 Gaining essential insights
•	 Handling customer requests within a short period of time
•	 Intelligently standardizing business processes
•	 Reducing chaos
•	 Eliminating redundancies
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 13
Agility in business generates
a better bottom line
Unbeatable customer service increases your company’s value enormously –
a remarkable competitive edge.
BETTER BOTTOM LINE THROUGH...
•	 Extended customer lifetime
•	 Lower price sensitivity
•	 Stronger customer loyalty
•	 Positive reviews
•	 Expanding on service that works
•	 Streamline collaboration across departments
REDUCED EXPENSES THROUGH...
•	 Increase in customer satisfaction
•	 Reduced acquisition costs
•	 Fewer complaints
•	 Fewer intensive service requests thanks to happy, content
customers
6
BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 13
EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 14
Together, we can solve your problems and reach your goals.
ThinkOwl is a self-learning software solution for agile customer service –
completely supported by AI.
Discover our omnichannel service software to create customer service of the future that
will clearly set you apart from your competitors – through unbeatable customer experiences.
Click hear to learn more

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ThinkOwl - Brilliant Customer Service Makes a Lot of Money

  • 1. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 1 BRILLIANT CUSTOMER SERVICE COSTS A LOT OF MONEY makes Unbeatable customer experiences boost your bottom line and clearly set you apart from the competition. © ThinkOwl
  • 2. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 2 GOODBYE, MOM-AND-POP SHOP! Gone are the days of the good old mom-and-pop store, where the owners managed everything and personally knew all the answers to their customers’ questions and needs. In times of modern online commerce, the way we buy services and products has changed dramatically over the past few years. Today, many employees at once are involved in customer interactions on multiple channels and need access to data and information. But with automated case processing — powered by artificial intelligence (AI) — even “mom and pop” can successfully scale in the new digital world. But more on that later. It’s no secret: Agility in day-to-day business is critical and creates more sustainable and efficient processes, which not only stimulates internal dynamics but also promotes a customer-oriented company structure. Customer relations need to be nurtured. Simply making sure your transactions run smoothly is no longer enough. You have to cultivate and tend to long-term customer relations. HAPPY CUSTOMERS RAISE YOUR BOTTOM LINE Never underestimate the strategic and economic value, superb customer service brings to your company. It’s what distinguishes you from the competition. Lacking customer satisfaction, on the other hand, fuels customer frustration, results in negative reviews and ultimately leads to higher service costs. Not addressing your customers’ needs quickly enough or inundating them with redundant information will make it very hard to make your audience happy in the long run. Every interaction bares the opportunity to build a good, long-lasting customer relationship that will ultimately contribute to your company’s rapid growth. BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 2
  • 3. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 3 TRADITIONAL SOFTWARE SOLUTIONS ARE RIGID AND OFFER LITTLE SUPPORT The challenge Large companies with numerous service agents are challenged with keeping an overview of customer interactions and always maintaining transparency. The problem? Brands may spend big money on soliciting new customers. Too often, though, they hesitate to invest in distinctive customer service. The consequences? The company repeatedly engages customers in complex sales process-es. On top of that, confusing websites, long wait times, incompetent service and products that aren’t really what the customers want make great service pretty much impossible. Your company won’t become agile as long as complicated systems, technologies and infra-structures dominate, and every time updates or modifications are in order, you have to depend on the IT department for help. By today’s standards, customer organizations must be able to update their tools without interrupting business or causing media disruptions. ThinkOwl is an integrated software solution that talks to your other applications. Your agents can manage tickets and trigger workflows without leaving their central helpdesk. This e-guidebook shows how to optimize your customer service organization, offer your customers exactly what they need, at the right time – and even go beyond what’s humanly possible: Supersede your customers’ expectations with the power of AI. BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 3
  • 4. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 4 The customer experience ROI study by Watermark Consulting demonstrates the added value unbeatable customer service brings to a company: Leading companies surpassed the market average, generating a total revenue 35% higher than the S&P Index. Laggards were left far behind, with a revenue 45% below the market. 120,0% 100% 80 % 60 % 40 % 20 % 0,0 % Cumulativetotalyield Customer service leaders S&P 500 Index Customer service laggards 107,5 % 72,3 % 27,6 % CUSTOMER SERVICE LEADERS BY FAR SURPASS THE MARKET 8-year stock price development of customer service leaders vs. laggards vs. S&P 500 (2007–2014) BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 4
  • 5. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 5 LEARN FROM THE LEADERS How successful companies create excellent customer experiences, so customers remain loyal for a long time 1. Soar beyond customer expectations At what point do customers recommend a service or product to others, turn into repeat shoppers and become more inclined to purchase? At exactly the time they develop a positive attitude toward the service or the product – usually following a particularly positive customer experience. Thus, if you want your customers to be loyal to your brand for a long time, make them happy. Better yet, soar higher than the competition and deliver superhuman customer service beyond your customers’ expectations. 2. First the essentials, then extra goodies Successful companies first master the basics of excellent customer satisfaction: Eliminate frustrating barriers to products and services, wrinkle out transactions, be accessible, have answers. Once customers are getting what they need and are content, you can surprise them with nice extras and turn each interaction into a unique, unforgettable customer experience. BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 5
  • 6. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 6 3. Positive customer experiences happen at the emotional level Leaders in customer service leave nothing to chance. Every single customer experience is managed deliberately. What’s more, successful organizations consider the emotional level. What this means? They not only meet the customer’s rational expectations, they make them feel good, too. As a result, the customer will remember the experience and develop a positive as-sociation with the brand. 4. Customer satisfaction and staff happiness are related We talk so much about customer satisfaction yet often forget to ask whether our service team is happy. Recognize the relation between the two: Happy, engaged agents positively impact customer satisfaction. In turn, content customers lead to even happier, more engaged agents. To catalyze this positive cycle, successful companies focus on the wellbeing of their customers AND that of their employees. 5. Understand your customers’ perception through cognitive science It’s critical to consider both the reality and the perception of a customer experience. Service leaders understand how the human mind interprets an experience and forms a memory. They use cognitive science to create more positive customer experiences and ultimately strengthen customer loyalty. BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 6
  • 7. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 7 Agility in customer service raises your bottom line and boosts customer satisfaction Agile customer service makes your employees’ life easier. Imagine you had fewer incidences and disruptions and the capability to resolve 80% of all customer requests within a few hours. To top that, you always have a 360-degree overview of the processes and topics that concern your customers and employees. Optimizing your processes automatically creates happier customers. Higher agent productivity 1 Digitalized self-service 2 Higher first contact resolution (FCR) rate & reduced error rate 3 Analyzing service processes & drawing valuable conclusions 4 Automated workflows & no more redundancies 5
  • 8. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 8 Higher agent productivity With shorter average handle times (AHT), productivity increases and running costs for agents decrease. These are your opportunities to reduce helpdesk costs. When agents have fewer repeat contacts and don’t need to make right on errors all the time, they can focus on what’s essential. HOW • Install an agile customer service solution • Agile case management: Assign cases to the right agent at the right time WHY • Fewer media disruptions (caused by frequent switching between applications) • Agents are relieved of routine tasks • Less frustration at the workplace 1 BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 8
  • 9. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 9 Digitalized self-service If you give your customers self-service options to solve a problem themselves, you save your agents a lot of work. Rather than swamping agents with endless service tickets, customers can simply take matters into their own hands. HOW • Build a nest of knowledge: Collect frequent questions and answers and analyze your customers’ journey (customer journey mapping) • Integrate knowledge into chat and email responses • Use training sets for AI-based dialog systems (online self-service, chatbot, email responses) WHY • Reduced email volume • Shorter average time to resolution • Improved customer satisfaction • A lighter case load allows agents to focus on important tasks 2 BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 9
  • 10. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 10 Higher first contact resolution (FCR) rate & reduced error rate Ambitious digital customer service means that rather than fixing the same errors time and again, your agents can focus on what’s really important: Creating exciting, personal service experiences. WHY • Classify and prioritize cases automatically – with AI • Process routine cases largely automatically • Employ one-click responses • Identify challenging tickets with the help of AI and immediately assign them to expert agents 3 BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 10
  • 11. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 11 Analyzing service processes & drawing valuable conclusions Regularly analyzing service cases is important, so you can draw insightful conclusions. This not only allows you to continually adapt and optimize your customer service but also empowers you to make informed strategic decisions. HOW • Analyze relevant support trends • Precisely analyze customer behavior • Measure your user productivity • Optimize collaboration between departments WHY • Understand customer problems and visualize them graphically • Gain precise, data-driven insights so you can improve strategic and business decision-making • Recognize trends in your customer communication 4 BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 11
  • 12. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 12 Automated workflow and no more redundancies How to prevent problems and redundancies? With a solution that, in addition to optimal customer service, offers business intelligence data. Automating workflows and running routine tasks on autopilot frees up capacities for the really urgent cases. 5 BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 12 BETTER BOTTOM LINE THROUGH... • Proactive use of the customer service solution • Employees sharing customer info • Transforming customer inquiries into concrete knowledge • Designing your own custom business processes REDUCED EXPENSES THROUGH... • Identifying potential product improvements • Resolving problems quicker • Gaining essential insights • Handling customer requests within a short period of time • Intelligently standardizing business processes • Reducing chaos • Eliminating redundancies
  • 13. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 13 Agility in business generates a better bottom line Unbeatable customer service increases your company’s value enormously – a remarkable competitive edge. BETTER BOTTOM LINE THROUGH... • Extended customer lifetime • Lower price sensitivity • Stronger customer loyalty • Positive reviews • Expanding on service that works • Streamline collaboration across departments REDUCED EXPENSES THROUGH... • Increase in customer satisfaction • Reduced acquisition costs • Fewer complaints • Fewer intensive service requests thanks to happy, content customers 6 BRILLIANT CUSTOMER SERVICE MAKES A LOT OF MONEY I Page 13
  • 14. EXZELLENTER KUNDENSERVICE BRINGT VIEL GELD I Seite 14 Together, we can solve your problems and reach your goals. ThinkOwl is a self-learning software solution for agile customer service – completely supported by AI. Discover our omnichannel service software to create customer service of the future that will clearly set you apart from your competitors – through unbeatable customer experiences. Click hear to learn more