Learn why phishing and smishing are a threat to high-security industries like financial services – and how the right cybersecurity can help prevent attacks.
Welcome to the first of a 2-part series of blogs, where we’re going to discuss the initial steps you and your organisation need to take towards adopting NextGen IVR so that you can exceed customer expectations across every channel.
Interactive voice response technology (IVR) has long been a tool in the customer experience (CX) arsenal. But in an era of rising expectations – in terms of service quality and speed – traditional approaches and solutions are no longer enough.
Research has shown that 83% of customers will avoid a business after a negative IVR experience. So while first-generation IVRs have been unable to deliver a truly effortless experience, the latest generation of NextGen IVR systems are a game changer for the customer experience.
So, if you decide that it is time to upgrade to a next-generation NextGen IVR, where should you start? Here are a few quick steps that we recommend, to help you transition to a new NextGen IVR from your current system:
1. Conduct an audit of your current IVR system
The best place to start is to take a close look at your existing IVR system. This will give you a good picture about what’s working, what’s not working, and what your next system will need to fix to improve performance and the customer experience. This might require hiring external experts, who can conduct a comprehensive audit of your current IVR, including its usage and call volumes, its menu structure, and its terminology and prompting. A proper audit will surface problems that are causing call frustration, such as confusing menus, bad speech recognition and unclear messages, that will help to steer your approach to IVR going forward.
2. Examine your IVR statistics
By examining both your IVR statistics, and the related routing statistics, you can often surface a lot of insight into the customer experience. For instance, you might discover that there are long waiting times, which would explain why you also have high call abandon rates. Elsewhere, you may find that you have a lot of customers that call back repeatedly, indicative of callers not resolving their query. And discovering a statistic such as high internal transfer rates, could be indicative of misrouting issues. The important thing to note here is that some of these issues can be resolved without having to completely overhaul your IVR system, so do the groundwork by looking at your IVR stats so that you can isolate your main problems first.
3. Speak to your contact centre agents
Your frontline team spends more time speaking to your customers than anyone else in your organisation, so know them best of all. As a result of these interactions, they will have valuable insights into their experiences of the IVR – information that can be used to drive improvements in your existing system and that can be used to guide the implementation of your next IVR.
4. Speak to your customers
Most important of all is to reach out to your customers to ensure you have a clear understanding of why they want to contact you, how they want to contact you, and what their current experiences are of contacting you. Conversations with customers are particularly useful when transitioning to a conversational IVR as it’s a great way to surface the common questions that they are calling you about, which can then be used to train your AI-powered IVR in the natural language understanding, to help customers solve their issues in an automated fashion in future.
5. Conduct requirements gathering
Having done all this research will provide you with a good understanding of your IVR requirements going forward. This means you’re giving yourself the best possible chance of selecting the perfect solution for your needs.
Consider who is going to take responsibility for the requirements gathering – is it a single individual or a project team – and then focus on the following when building a detailed requirements list:
Customers want effortless service experiences. Why not provide a better experience by upgrading your IVR so that integrates with other communication channels?
At the end of the day, the customer is still king, and the age of multi-channel communication is all about giving them control over how they communicate with your business. IVR is just one – albeit important – part of how you empower them. And when updated correctly using technological developments, it’s a powerful weapon in your arsenal.