Circular Edge

JULY 17, 2023

How to Calculate ROI on an ERP System Authors: Ashim Choudhari Calculating Return on Investment (ROI) for an ERP implementation involves assessing the costs incurred during the implementation process and the resulting benefits over a specified period. Contact Circular Edge today to learn more about our NetSuite consulting services.

ROI 52

ROI Return on Investment Competitive Advantage Consulting 52

Uniphore

JANUARY 26, 2022

Conversational AI in Banking – Practical Use-Cases for Achieving ROI. And with more financial institutions offering remote service options, competition is fierce. Current technologies and CX cost factors. Unique recommendations for achieving AI ROI in banking. More people today are banking digitally than ever before.

Banking 52

Banking ROI Webinar Financial 52

Lumoa

JULY 10, 2018

Insightful analytics is possible with the modern technologies such as machine-learning-based text analytics. And deciding to spend money on improving the customer experience is not easy, if the financial benefits are not well understood. The financial benefit of improving the customer experience: What do we know?

ROI 121

ROI Customer Experience Financial NPS 121

Interactions

JUNE 13, 2019

But despite the fast adoption, choosing new technology for your business is still a big decision. However, with the right technology, ROI and cost efficiencies can be just as transformational as an IVAs impact on customer care. Introducing new and innovative technology is often the most effective way to produce those results.

ROI 63

ROI Contact Center Banking 2019 63

Pointillist

MARCH 20, 2019

By Swati Sahai The importance of calculating your customer experience ROI cannot be overstated—how will you build, measure and regularly optimize your customer experience efforts if you don’t know the return on your CX investments? You need the quantitative ROI to make a strong business case and obtain approval for continued investment.

ROI 59

ROI Customer Experience Banking Call Center 59

West Monroe

MARCH 14, 2024

In the constantly changing business world, where volatility and unpredictability have become the norm rather than the exception, achieving tangible financial results has never been more challenging. In today's market, the allure of new technologies, especially generative AI, can sometimes distract from the real goal: creating value.

Banking 40

Banking 2030 Financial ROI 40

West Monroe

MAY 17, 2023

Forward-thinking technology has become table stakes for all banks, especially given the rapid growth of fintech companies shaping the market. Led by cybersecurity, mobile banking, and ever-increasing customer experience improvements, technology innovation in banking will continue to be robust. With upwards of $4.7

Banking 52

Banking Technology Innovation Roadmap 52

ClearAction

OCTOBER 16, 2019

Acquisition Addiction’s Impact on Customer Experience ROI Lynn Hunsaker. Addiction to acquisition of customers is taking a toll on customer experience ROI. That’s not as impossible as it seems, given the promises of today’s technologies. 4 The Importance of Creating & Keeping Customers , Financial Times, 2011.

ROI 59

ROI Customer Experience 2011 Customer Centricity 59

TechSee

MARCH 4, 2024

However, the cost of AI talent, AI training, tuning, and refinement, as well as LLM consumption-based tokens at scale, begs the question, is Generative AI in CX a financially sound endeavor? What is the ROI of Generative AI in CX? First, there’s the initial investment in the technology itself, which can be substantial.

ROI 109

ROI Financial Net Promoter Score NPS 109

West Monroe

MAY 17, 2023

Forward-thinking technology has become table stakes for all banks, especially given the rapid growth of fintech companies shaping the market. Led by cybersecurity, mobile banking, and ever-increasing customer experience improvements, technology innovation in banking will continue to be robust. With upwards of $4.7

Banking 40

Banking Technology Innovation Roadmap 40

West Monroe

MAY 31, 2019

Last year, I wrote about conversational interfaces and how they have the potential to disrupt business and technology paradigms over the coming years. We’ve seen interest from our financial services clients in these types of use cases, where progressive firms are making investments in automation technologies like Machine Learning and RPA.

Banking 40

Banking Financial Contact Center ROI 40

Eptica

AUGUST 2, 2017

Date: Wednesday, August 9, 2017 How to build a business case for a CX technology project. Author: Neil Titcomb Getting the technology right is an important aspect of delivering on your customer experience (CX) goals. First, the good news – CX does deliver ROI. Unravelling the ROI of individual initiatives is not easy.

Technology 48

Technology ROI 2017 Measurement 48

CSM Magazine

MARCH 16, 2023

New solution improves contact center operations and captures new financial upsides by uncovering organizational operational inefficiencies. This consultative solution engages all levels of a contact center to uncover process breakdowns and areas ripe for technological transformation. over five years.

Contact Center 52

Contact Center Financial Consulting Roadmap 52

inmoment

AUGUST 5, 2020

Financial services brands are facing more complex challenges than ever before, especially when it comes to customer experience (CX) and sparking business growth. Customer acquisition is one of what we at InMoment like to call the four economic pillars of customer experience return on investment (ROI). Intelligence is Key.

Financial 52

Financial Return on Investment ROI Brands 52

ClearAction

NOVEMBER 14, 2017

Customer Experience ROI Opportunities on B2B Touchpoints Lynn Hunsaker. But the greatest financial upside lies in capturing in-passing comments during post-purchase touch-points and using them to proactively drive expanded purchases. 4 Steps to Customer Experience ROI. Capture customers’ informal post-purchase comments.

Touchpoint 59

Touchpoint ROI B2B Customer Experience 59

delighted

DECEMBER 10, 2019

ROX is the new customer experience ROI. Although investing heavily in customer experience can be quantified with traditional return on investment (ROI) measurements, measuring the true impact of CX resource allocation requires a new paradigm: return on experience (ROX). Building your own CX ROI model.

ROI 40

ROI Measurement Customer Experience Metrics 40

Experience Investigators by 360Connext

SEPTEMBER 5, 2023

It’s all about operations, processes, and financials. If the implementation of the technology is slow, cumbersome, or just not getting the adoption required, then it’s fruitless to create a goal about customer feedback. And, having REAL dates, real ways to measure success, and real discussions about ROI makes everyone happy.

Customer Centricity 271

Customer Centricity Customer Journey Mapping Connections Feedback 271

Interactions

OCTOBER 1, 2020

The ROI of CX . But, to be truly obsessed with your customers, companies must take the leap and tie financial performance to CX. This type of mindset encompasses everything from how a company allocates resources, the strategic initiatives they take on, and the technology that they evaluate and deploy. . Data is gold.

Financial 62

Financial ROI 2023 Innovation 62

Forrester's Customer Insights

OCTOBER 16, 2023

According to Forrester’s Marketing Survey, 2023, financial services marketers in Asia Pacific (APAC) find improving marketing’s ROI or effectiveness more difficult than their peers in other regions and industries.

Financial 58

Financial Marketing B2C Technology 58

GetFeedback

SEPTEMBER 24, 2019

Before you worry about proving the ROI of a VoC program, focus on building relationships and trust with the key stakeholders in your company. According to a Senior VP of Marketing of a large technology firm, “conjecture and anecdotes are not compelling.”. Speak to the unique value of each stakeholder . Get the Guide.

ROI 150

ROI Webinar Sales Loyalty 150

TechSee

DECEMBER 2, 2020

Emerging technologies make bold promises. And when it comes to determining a technology’s potential, it’s essential to separate fact from fiction. This technology can be applied at every channel and touchpoint of the customer journey, from pre-purchase through contracting and billing, onboarding , and even upsells.

Net Promoter Score 109

Net Promoter Score Average Handle Time Contact Center Technology 109

NICE inContact

JUNE 30, 2016

Despite this, many contact centers are still struggling to find practical uses, and/or measure the ROI of the technology. Inability to Show or Measure ROI. In terms of financials, there are many avenues to consider in the ROI calculations for Speech Analytics. You Still Need Analysts.

Contact Center 49

Contact Center Technology Multi-Channel ROI 49

West Monroe

APRIL 6, 2022

Today’s mid-size ($20B-$50B AUM) and regional banks ($50B-$100B AUM) find themselves in a unique spot: big enough to require competing with larger banks on digital customer products but too small to absorb the consequences of strategic technology blunders when it comes to investing in them. The most pressing question they face?

Banking 52

Banking Technology Marketing Roadmap 52

Thematic

MAY 15, 2023

These help you map out the financial benefits of CX programmes. In this article, I’ll provide a bigger picture view of the value of CX programmes, so you can see the wider impact through three distinct lenses: financial, customer and employee. Why go beyond the financial impact of CX? Will our customers be happier?

NPS 62

NPS Financial Net Promoter Score ROI 62

ShepHyken

MAY 15, 2023

The Missing Link: Connecting NPS Programs to Financial Success by Amitayu Basu (LinkedIn Pulse) Customer experience (#cx ) and Net Promoter Score (#nps) have become key indicators for businesses to measure customer satisfaction and loyalty. Well, here’s another one, this time focusing on the ROI of the measurement.

Article 64

Article Net Promoter Score Customer Service 2023 64

CSM Magazine

MAY 16, 2023

Sabio – the digital customer experience (CX) transformation specialist which has offices in London, Bristol, Manchester and Glasgow – unveiled its new Interaction Analytics Proof of Value (PoV) offering today which combines advanced analytics technology with its expert consultancy services.

Interaction 52

Interaction Webinar Consulting Financial 52

Customer Bliss

OCTOBER 24, 2019

You will need to determine if your CCO is a North Star-based leader or an ROI-based leader. An ROI-based leader will focus on the financial outcome and payout for every action taken. I’ve been a CCO in the auto industry, in technology, real estate, and others. Break Down Silos and Communicate One Message.

Chief Customer Officer 185

Chief Customer Officer Customer Experience ROI Customer Centricity 185

Eptica

JUNE 24, 2016

Date: Friday, June 24, 2016 The ROI of improved customer experience. There are two further benefits that also have a financial impact on company performance: 1. Published on: June 24, 2016. Author: Chris Eideh Businesses understand that improving the customer experience has a direct impact on revenue generation.

ROI 50

ROI Customer Experience 2016 Airlines 50

West Monroe

JULY 30, 2023

In the wake of recent turmoil spurred by deposit concentration, banks are facing amplified threats and increased scrutiny of their financial stability. Whether there’s a budget set aside or room to dig internally to reallocate, the shift to customer centricity will prove a strong ROI in today’s market.

Banking 52

Banking 2023 Multi-Channel Financial 52

CSM Magazine

APRIL 25, 2023

With modern technology at your fingertips, you can not only streamline your processes but also create a more enjoyable experience for your customers. When you use cutting-edge technology, you can achieve better results and meet your customers’ expectations more effectively.

Customer Satisfaction 52

Customer Satisfaction Government Return on Investment Financial 52

CSM Magazine

OCTOBER 10, 2023

These days, with life moving so fast and new technology coming out all the time, how we pay for things keeps changing. These electronic transfers shuttle money between accounts, making them a popular pick for all kinds of financial transactions. When payment processing aligns with operations, financial flows are smoothed out.

E Commerce 59

E Commerce Financial ROI Return on Investment 59

Magellan Solutions

FEBRUARY 20, 2024

This article reveals how technology and on-demand expertise combine forces through strategic partners – sending customer satisfaction soaring while keeping costs in check. Maximizing Technology and Expertise Outsourcing live chat support offers a strategic edge through advanced technology and skilled resources.

Customer Satisfaction 52

Customer Satisfaction Loyalty ROI Technology 52

ClearAction

DECEMBER 5, 2023

Likewise, for financial growth from customer experience (CX), it’s best to focus on these 4 CX metrics: CX-inspired growth CX-inspired performance CX-inspired strategies CX-inspired efficiencies These 4 metrics synchronize your value proposition and what customers get. Connect every financial outcome to customer outcomes.

Metrics 62

Metrics Effort Score ROI Chief Customer Officer 62

West Monroe

DECEMBER 6, 2022

There’s a lack of efficiency among banks’ current operating models; ROI on the status quo is shrinking, and 2023 presents the opportunity to build more digital and AI optimization into your organization. The challenges, trends, and actions that will define the year in financial services. Operation: Efficiency.

Banking 52

Banking 2023 Financial ROI 52

Customer Bliss

MAY 2, 2019

It takes skill to synthesize the knowledge you’ve gained and then disseminate in a way that will help leaders make financial, cultural, and leadership decisions. Rosalyn Curato , CCO of Allovue , a startup EdFinTech (education financial technology) company, knows how to leverage this skill.

Chief Customer Officer 149

Chief Customer Officer Financial Consulting Customer Retention 149

West Monroe

MARCH 16, 2023

I’m very familiar with how West Monroe is navigating this process—not only as the leader of our Technology practice, but as the head of our generative AI taskforce. The sooner a company starts developing a framework for adopting generative AI, the sooner the use cases can be rolled out and start showing ROI.

Innovation 52

Innovation ROI Financial Social Media 52

West Monroe

MARCH 16, 2023

I’m very familiar with how West Monroe is navigating this process—not only as the leader of our Technology practice, but as the head of our generative AI taskforce. The sooner a company starts developing a framework for adopting generative AI, the sooner the use cases can be rolled out and start showing ROI.

Innovation 52

Innovation ROI Financial Social Media 52