Lately, there has been sort of a ‘paradigm shift’ when it comes to Customer Communications in the BFSI sector. This can be attributed to the intense competition for consumer attention and engagement in the respective commercial landscape. The fight for digital eyeballs is getting strenuous day by day! To talk candidly, this is because consumers
Category: CCM Migration
What is customer experience management Customer communication management (CCM) tools are on the rise due to customer-centric companies striving to provide excellent customer service. A CCM tool can help you better manage your interactions with customers and automate communication processes, ensuring that every interaction is executed flawlessly. To convey a stellar customer experience, you need
The real picture of Customer Experience Management Software: No matter what the business is, customers are our priority and we need to have an effective CX Management Platform for them. To reinforce the loyalty of your customers you need to give high regard to every communication. You’d like your customers to like you and do
With the introduction of multiple purchase channels, customer purchase behavior has evolved in the last decade. Customers prefer personalized and bi-directional communication for a better experience and don’t mind paying more for exceptional customer service. A report from Epsilon says 80% of customers are more likely to purchase with a personalized experience. Making improvements in
Non-performing loans shared up to 50% of gross loans in some countries as reported by The World Bank in 2018. In countries like San Marino, Ukraine, and Equatorial Guinea the ratio of NPAs (non-performing assets) rose to 53.0%, 48.4%, and 36.7% respectively. NPLs cost FIs (financial institutions) as high as €205 Billion (EU only), ₹10.36