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Better Business with Every Call

Call Center on a Budget

            Daniel Victor
            March, 2013

         www.Ringio.com
Agenda       •   Cost center or Profit center?
             •   The Human cost
             •   The Hidden costs
             •   Top Ten Recommendations
             •   Ringio Virtual Call Center


Sam      Daniel                        Ashish
CEO      Sales                              CTO




                  1
Cost center or Profit center?

• Many companies classify call centers as cost centers.
• Is this shortsighted?
   –   Opportunities to increase branding exposure
   –   Opportunities to increase intimacy with the customer
   –   Opportunities to upsell and cross-sell
   –   Opportunities to retain and to augment customer happiness
• Recommendation #1: Frame your activities in the organization
  as a profit center, and you will unlock much bigger budgets.
• Recommendation #2: Measure impact of activities above and
  socialize within the management team of your organization to
  get buy in to your strategy.

                                    2
The Human Cost
                                                     Cost
• The largest call center
  cost is agents
• Staff turnover just
  makes things worse
• Recommendation #3:
  Hire in lower cost areas
  of the country
• Recommendation #4:
  Keep agents happy and
  encourage long tenure             Labor          Technology            Other

                                 http://strategiccontact.com/blog/2011/01/contact-
                                 center-cost-structure/
                             3
The Hidden Costs
• Abandoned calls (10% industry benchmark)
• Low satisfaction calls (10 – 20%)
• Calls that require multiple follow ups (10-20%)
• Poorly executed calls with void transactions (15%)
• These can quickly add up 50-100% to the basal cost of
  operating a call center!
• Recommendation #5: Have a good tracking system in place
  and follow up on metric deviations
• Recommendation #6: Spot check your agents conversations to
  raise their game
• Recommendaton #7: Build a positive culture of performance
  and accountability

                             4
Technology and Cost
• Most organizations spend too much on infrastructure and too little
  on applications – the cloud has changed all that.
• Long term cost of technology is in malfunctions – not in licensing or
  telecom
• Technology that doesn’t enable your workflow is more costly than
  ‘costlier’ technology that does
• Hard to use or impossible to use technology is costlier than higher
  cost easy to use technology
• Recommendation #8 – look at cloud center providers
• Recommendation #9 – focus on tool simplicity & workflow support
• Recommendation #10 – it’s not how many features but how well
  they work for you.

                                   5
Ten Recommendations

•   #1) Frame activities as Profit center
•   #2) Measure impact and socially embed in Management
•   #3) Hire in lower cost geographic areas of the Country
•   #4) Keep agents happy; encourage long tenure
•   #5) Have tracking system; follow up on Deviations
•   #6) Spot check Agent conversations for training Opportunities
•   #7) Build positive culture of Performance and Accountability
•   #8) Utilize Cloud Center providers
•   #9) Focus on Tool simplicity and Workflow support
•   #10) Focus on Feature Quality, not Quantity

                                 6
Our vision




             7
8
Q&A and Wrap-up
          Special offer for Webinar registrants:



        Free
     Consultation
        Ringio Call Center edition.
           Would love to hear your feedback!
           daniel@ringio.com | 703-879-7950
                   www.Ringio.com
                            9

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A Cloud Call Center on Your Budget | Ringio

  • 1. Better Business with Every Call Call Center on a Budget Daniel Victor March, 2013 www.Ringio.com
  • 2. Agenda • Cost center or Profit center? • The Human cost • The Hidden costs • Top Ten Recommendations • Ringio Virtual Call Center Sam Daniel Ashish CEO Sales CTO 1
  • 3. Cost center or Profit center? • Many companies classify call centers as cost centers. • Is this shortsighted? – Opportunities to increase branding exposure – Opportunities to increase intimacy with the customer – Opportunities to upsell and cross-sell – Opportunities to retain and to augment customer happiness • Recommendation #1: Frame your activities in the organization as a profit center, and you will unlock much bigger budgets. • Recommendation #2: Measure impact of activities above and socialize within the management team of your organization to get buy in to your strategy. 2
  • 4. The Human Cost Cost • The largest call center cost is agents • Staff turnover just makes things worse • Recommendation #3: Hire in lower cost areas of the country • Recommendation #4: Keep agents happy and encourage long tenure Labor Technology Other http://strategiccontact.com/blog/2011/01/contact- center-cost-structure/ 3
  • 5. The Hidden Costs • Abandoned calls (10% industry benchmark) • Low satisfaction calls (10 – 20%) • Calls that require multiple follow ups (10-20%) • Poorly executed calls with void transactions (15%) • These can quickly add up 50-100% to the basal cost of operating a call center! • Recommendation #5: Have a good tracking system in place and follow up on metric deviations • Recommendation #6: Spot check your agents conversations to raise their game • Recommendaton #7: Build a positive culture of performance and accountability 4
  • 6. Technology and Cost • Most organizations spend too much on infrastructure and too little on applications – the cloud has changed all that. • Long term cost of technology is in malfunctions – not in licensing or telecom • Technology that doesn’t enable your workflow is more costly than ‘costlier’ technology that does • Hard to use or impossible to use technology is costlier than higher cost easy to use technology • Recommendation #8 – look at cloud center providers • Recommendation #9 – focus on tool simplicity & workflow support • Recommendation #10 – it’s not how many features but how well they work for you. 5
  • 7. Ten Recommendations • #1) Frame activities as Profit center • #2) Measure impact and socially embed in Management • #3) Hire in lower cost geographic areas of the Country • #4) Keep agents happy; encourage long tenure • #5) Have tracking system; follow up on Deviations • #6) Spot check Agent conversations for training Opportunities • #7) Build positive culture of Performance and Accountability • #8) Utilize Cloud Center providers • #9) Focus on Tool simplicity and Workflow support • #10) Focus on Feature Quality, not Quantity 6
  • 9. 8
  • 10. Q&A and Wrap-up Special offer for Webinar registrants: Free Consultation Ringio Call Center edition. Would love to hear your feedback! daniel@ringio.com | 703-879-7950 www.Ringio.com 9