Monday Apr 27, 2015

Modern Customer Experience Metrics by David Lanning

As organizations evolve on their roadmap to a modern customer experience, they are adopting new business processes and technologies that allow them to support the needs of the connected customer. As a result of adopting new communication channels, companies now have an additional set of metrics that can be used to measure and improve the effectiveness of their multi-channel customer experience.

The traditional, internally- focused operational metrics like Average Handle Time (AHT) or Occupancy are insufficient to assess the customer’s perspective of the end-to-end experience. To measure the customer experience in a multi-channel world, companies must adopt and leverage a new set of metrics that provide valuable insight into the effectiveness of their multi-channel customer experience initiatives.

Modern Customer Experience Metrics

First Phase of Modern Customer Experience
In the first phase of a modern customer experience, companies address their ability to manage customer interactions on multiple channels. The new communication channels like chat, community and social provide a new set of metrics that provide valuable insight into customer behaviors and expectations.

Chat and Co-browse
Each of the new channels in a multi-channel environment contains metrics that can be used to measure the effectiveness of a company’s ability to handle interactions on these channels. For instance, as companies add online support in the form of chat or co-browse, they have the ability to provide support ‘in-the-moment’ that leads to higher online retention and reduced site abandons. By measuring and analyzing online support requests on chat or co-browse, companies can identify issues that are directly impacting the connected customer experience. Chat and co-browse metrics provide insight into why customers left the online experience to get the information or assistance they needed to complete their online transaction.

Online Communities
Companies that provide online communities also have a new set of metrics they can use to measure and improve the community experience and effectiveness. Companies can measure how many of their customers are engaged in the community (Community Participation Rate) and how often they post information (Community Post Rate). These new metrics provide direct insight into customer participation rates and provide metrics that measure the effectiveness of their initiatives to promote community involvement and customer loyalty. Community metrics like the number of active members in an online community can be used to measure the number of loyal customers who are contributing to the community.

Social
Similarly, there are a number of new metrics that can be used to measure the effectiveness of a company’s social strategy and initiatives. Leading companies have developed strategies and operational practices to actively engage in the conversation on social networks. These social networks provide metrics like Fan Growth Rate, Like / Dislike Ratio and other social metrics that can be used to measure the effectiveness of their social networks. The beauty of these metrics are that customers on social networks are posting continuously and allow the company to gain real-time information on the experience without requiring a formal feedback survey or other means of gathering customer perceptions. Social metrics can be accessed in real-time and used to adjust the company’s social strategy without the lengthy delay associated with outbound customer satisfaction surveys.

Second Phase of Modern Customer Experience
As companies advance on their journey to a modern customer experience they employ strategies, businesses processes and complementary technology designed to assist customers who cross multiple channels to obtain information, or to connect with support resources to complete a transaction. This cross-channel environment provides an additional set of metrics that can be used to measure and improve cross-channel business processes.

Online experience metrics that measure the customer’s ability to connect to online knowledge or to support resources can be used to measure the effectiveness of a company’s online support effectiveness. Web site tracking metrics that show the number of clicks (customer effort) required to find relevant knowledge, or to find an online support resource, can be used to measure the effectiveness of the site design. By adding web tracking tags to knowledge articles companies can now measure the end-to-end online journey and optimize the use of knowledge to reduce customer effort during online transactions.

Website tracking metrics can also be used to determine where customers opt-out of the online channel to obtain additional support. These metrics provide web experience designers with the information they need to measure the impact of site design changes to increase online conversions or reduce site abandons. The overall impact of the cross-channel experience initiatives can be assessed by adding customer effort score that provides a broad view of the cross-channel experience.

Third Phase of Modern Customer Experience
As companies advance to providing a personalized, omni-channel experience, additional metrics are available to measure the company’s ability to make offers and recommendations that recognize the value and preferences of the customer. The omni-channel experience leverages the customer’s profile information and cross-channel interaction history to make appropriate offers, product recommendations and create customized business processes for each customer. The omni-channel experience model provides companies a new set of metrics that can be used to measure the effectiveness of their personalization strategy. New metrics like conversion rate on personalized offers, percentage of offers made in the customer’s native language and percentage of customers who receive support in their native language are examples of new metrics available to measure the organization’s ability to personalize the experience.

Many of the new customer experience metrics like community participation rates, or ‘likes’ on a social network are measured from actual customer behavior. Although sentiment metrics like customer satisfaction (CSAT) and net promoter score (NPS) are a reasonable indicator of intent, the new experience metrics provide an actual measure of action taken by customers to recommend a product or service. These new experience metrics are an important element in a balanced score card of experience metrics. By capturing metrics on actions taken, as well as traditional experience metrics like CSAT and NPS, companies can create a balanced score card that provides immediate insight into the effectiveness of their customer experience programs.  

Conclusion
The Roadmap to ModernTM customer service allows organizations to evolve from an internally-focused to an externally-focused organization that maximizes customer value throughout acquisition, retention and support processes. By leveraging new business processes centered on the customer experience, complementary technology and the metrics available in a multi-channel world, companies can create a competitive advantage by providing a compelling customer experience that significantly increases customer acquisition and customer loyalty.

You can learn more Multi-Channel (first phase), Cross-Channel (second phase) and Omni-Channel (third phase) engagement strategies to become a more Modern Customer Service organization on our website.

Monday Nov 25, 2013

Leveraging Customer Facing Communities

Alongside Facebook and Twitter, communities are becoming a valuable alternative for customers to find answers to their support queries. Businesses need to ensure that posts on these sites are accurate and consistent with information available through other contact center channels. [Read More]

Thursday Aug 29, 2013

Why Social Customer Service? Why Now?

Guest Blogger: Aphrodite Brinsmead, Senior Analyst at Ovum

Social media has become a daily part of life for many. But what is its purpose and why have we become so reliant on these tools? It hasn’t replaced phone conversations, texts, emails or even real life meetings; rather it has become a useful addition. On a simple level, it’s an ever evolving, admittedly often infuriating, view into friends’ lives, a way to send messages, show off, or digitally curate the way we want to be perceived.

[Read More]

Wednesday Aug 21, 2013

Cross-channel Service: Is Voice Going Away? by JP Saunders

In the customer experience business, we hear a lot about the rise in the use of online channels such as Web self-service, email, chat, and social and the importance of having a cross-channel solution. It’s easy to forget that voice is still the #1 channel that customers use to resolve customer service issues. Not to say that cross-channel is unimportant – it definitely is. 

According to Kate Leggett, Forrester Research, “Telephoning a live representative remains the most frequently used customer service channel, and its usage is relatively consistent over time and across generations. This shows that customers are not abandoning the traditional customer service channels in favor of newer ones but are increasing the total number of channels they use when interacting with companies.”1

So the voice channel remains as strong as ever, as are the customer’s expectations to seamlessly traverse into that channel from online channels. 

If you’re interested in how to provide robust voice and cross-channel capabilities as part of your service solution at lower cost and risk, you won’t want to miss these Avaya sessions at Oracle OpenWorld, September 22-26, 2013, in San Francisco. Avaya, a long-time leader in Contact Center technology, has an exciting announcement to make pertaining to the close partnership it has with the Oracle RightNow Cloud Service product. 

·         Enabling Oracle CRM Platforms Through Avaya Technology

·         Oracle Service Vision and Roadmap

1Understand Communication Channel Needs To Craft Your Customer Service Strategy, Forrester Research, Inc., Kate Leggett, March 11, 2013

Tuesday Aug 20, 2013

CRM Evolution 2013: Social Care is a Mainstream Channel

CRM Evolution's Customer Service Experience track began today with Hewlett Packard’s (HP) Patricia Graca talking about Social Care. She got our attention with some eye-opening statistics:

  • 1 in 3 users prefer social care over contacting via the phone
  • 80% of customers will not purchase a product if there is a negative review
  • 43% of customers use social media to publicize a bad experience—and 48% a positive experience

Graca has built a social support community with volunteer experts who give two to 30 hours of their time every week to answer other customers’ questions.

What motivates these experts to devote so much time? She found that the top motivator is the satisfaction they receive from helping people. But Graca doesn’t stop there. She uses gamification to motivate experts with things like:

  • 15 status levels they can climb based on their answers’ usefulness
  • Avatars created from personal photos experts submit
  • Privileges like early access to new products, training and special events

Graca even hosts 24-hour social support marathons in which 100s of experts around the world participate—creating a wealth of crowd source wisdom for HP.

Currently, 1% of her social support community serves as experts and/or contributors. Her next challenge is encouraging the remaining 99% to actively participate.

Sunday Jan 06, 2013

Webcast: The Right Information to the Right People at the Right Time

Live Webcast: The Right Information to the Right People at the Right Time

When your customers have questions, do they get the correct answer quickly – the first time? Can they get the right answer from your website, your agent or a fellow customer?

Well-executed knowledge management can help you get the right information to the right people at the right time, across all channels – making agents more productive, delighting your customers, and keeping costs down.

Join us for a Free Webcast on Thurs., January 17 to discover how Knowledge Management can help you:

  • Drive brand loyalty with a dramatically improved customer experience
  • Increase productivity by empowering agents with up-to-date collective insights
  • Lower service costs by reducing interaction times
  • Provide consistent multichannel service by sharing information across the enterprise

Don’t miss this opportunity to discover how you can maximize productivity, increase customer satisfaction, and reduce costs. Click on ‘Register Now’ to secure your place.

Register Now

Live Webcast:
The Right Information to the Right People at the Right Time

Date:
Thursday, January 17, 2013

Time:
11:00 a.m. PT / 2:00 p.m. ET

 

Oracle Customer Experience

For more information on Oracle's Knowledge Management solutions, please visit our website, or contact a representative at (866) 630-7669.

 

Monday Dec 31, 2012

Cloud Chat Solutions Enhance Service and Cut Support Costs

Customers demand personalized service. With margins thinner than ever, how can you provide it in a cost-effective way? The answer is ‘Chat.’

Not chat as in people milling about the water cooler. But Live Chat, the newest customer service channel, whose use has doubled in the past few years and whose customer satisfaction score is the highest of all online channels.

Chat sessions enable customer service agents to provide real-time, personalized answers to several customers at once, increasing contact center responsiveness and efficiency while decreasing costs. Here are some results from Oracle RightNow Chat Cloud Service customers:

  • Financial Services Leader Jackson Hewitt—Chat enables Jackson Hewitt to provide real-time support to both tax preparers and end customers, increasing their satisfaction while improving support efficiency with agents handling multiple chat sessions simultaneously. Chat, along with the knowledge base, has reduced calls by 40%, lowering Jackson Hewitt’s support costs.
  • High Technology Innovator XactwareChat enables Xactware to handle higher support volume without added headcount, despite rapid customer growth. With 75% of inquiries coming through chat, including mobile chat, Xactware has generated significant savings while beating its service level KPIs by as much as 80%.

Using Oracle RightNow Chat Cloud Service, these companies have improved customer service and operational efficiency at the same time, paving the way for sustainable growth and profits.

Join us at an Oracle CloudWorld event near you to learn how Chat, and our other Cloud Customer Service and Support solutions, can help you deliver exceptional customer service experiences. To sign up, please visit our registration page.

To learn more about Oracle RightNow Chat Cloud Service, please visit our website or contact us at (866) 630-7669. You can also see an overview of Oracle RightNow Chat Cloud Service on YouTube.

Thursday Dec 13, 2012

Oracle Customer Experience (CX) Solutions Make Retailers Merry

Tis the season to be jolly. If you’re a retailer, your level of jolliness depends on sales. So you watch trends like U.S. store traffic increasing 3.5% to 308 million on Black Friday but sales actually falling 1.8% to $11.2 billion.

Fortunately, by the end of November, retail sales were up 3.7% over the previous year, thanks to life recovering after Hurricane Sandy. And online sales topped $1 billion for the first time ever!

Who are the companies improving their sales online? They are big names like Walgreen’s Drugstore.com, Nordstrom’s HauteLook, and Intuit. More importantly, how are they doing it? They use cutting-edge business practices enabled by Oracle’s CX Cloud Service & Support solutions to:

  1. Increase conversions rates and order sizes (Customer Acquisition)
  2. Enhance customer satisfaction and loyalty (Customer Retention)
  3. Reduce contact center costs and improve agent productivity (Operational Efficiency).

Acquisition + Retention + Operational Efficiency = Sustainable Growth and Profits. That’s the magic formula for retail customer service success. Don’t take our word for it. Look at the results of these Oracle customers:

  • Walgreen’s Drugstore—30% sales conversion rate on chat sessions with 20% increase in shopping cart size
  • Nordstrom’s HauteLook—40,000+ interactions per month—20% growth over last year— efficiently managed by 40 agents, with no increase in IT costs
  • Intuit—50% increase in customer satisfaction and 70% decrease in cost per interaction

Using Oracle’s CX Cloud & Service solutions, these retailers deliver consistent, relevant, and personalized experiences across all touchpoints, including social, mobile, and web. Their ability to connect with customers anytime, anywhere—providing the right answer at the right time—helps them create a defensible advantage in the marketplace.

Want to learn more? Please visit http://www.oracle.com/goto/cloudlaunchpad for free resources on delivering exceptional customer service in the Cloud. Also, watch our YouTube channel to learn more about seamless multichannel retail and Winston Furnishings’ exceptional customer experience.

Wednesday Dec 05, 2012

Learn How to Integrate Social Media into Your Customer Service - December 12 Webcast

Charlie Knapp 

Are you interested in learning more about social media customer service strategies? Then register for CRM Magazine's Roundtable Webcast, Four Social Media Support Strategies, being held Wednesday, December 12 from 11 AM - 12 PM PT (2 - 3 PM ET).

The webcast features Oracle's Charlie Knapp, Director of CRM/CX Applications, Product Marketing who will speak on best practices for social enabling your contact center and customer support.

Here is a brief overview of the webinar:

Today's customers reveal an incredible amount of valuable information through social media on a daily basis. How well is your organization able to listen and repond? Join Parature, Verint Systems, KANA, and Oracle in this free webinar and learn how to:

  • Enable collaboration across the enterprise to provide service and support in social media.
  • Enhance loyalty, drive voice of the customer listening, and reduce costs.
  • Intelligently identify, route, and engage directly with your customers through social media.
  • Integrate social media into contact center workflows to solve customer issues, protect your brand, and improve satisfaction.

Register now to join us for this free web event.

 

Friday Nov 09, 2012

How Social Is Your Contact Center?

More than 75% of consumers have complained on a social site after a poor customer experience. Yet, 70% of companies have little understanding of the social media conversations about their brand. To deliver upon your brand promise, retain customers, and increase their lifetime value, you must deliver great customer experiences across social, mobile, phone, and chat channels. Siloed channels produce poor customer experiences. Social channels must integrate with the people, processes, technology, and traditional channels used to satisfy customers.

The more effective a company’s social marketing, the greater the demand for effective social service. However, service is not a job for social marketers. It is a job for service specialists, focused on KPIs such as response time, first contact resolution, satisfaction, churn, retention, and customer lifetime value.

Most social-enabled contact centers are at the early adopter stage, attempting to “bolt on” social media as a side process. Many are experiencing inconsistent customer experiences, higher costs, and negligible return on investments. Service leaders should consider carefully how to integrate social channels with their current customer service and support people, processes, technology, and channels.

Here is one company realizing success: the pre-integrated Oracle RightNow Social Experience “empowers our contact center operations by enabling our agents to join customer conversations that are happening on social sites like Twitter and Facebook and integrate those conversations into our overall multichannel customer engagement processes.” — Lisa Larson, Drugstore.com

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