<?xml version="1.0" encoding="UTF-8"?>		<rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel>	<title>TeleTech Industry News</title>	<link>http://www.teletech.com</link>	<generator>umbraco</generator>	<description>TeleTech Industry News</description><language>en</language>	<item><title>Gartner Predicts Growing Importance of Social CRM in Future</title><link>http://www.teletech.com/news/customer-management/gartner-predicts-growing-importance-of-social-crm-in-future-800778975</link><pubDate>2012-05-18T16:31:41</pubDate><content:encoded><![CDATA[ <p>One of the key benefits <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a>&nbsp;provides companies is the ability of customers to help one another, rather than relying on the business for support. Gartner <a href="http://midsizeinsider.com/en-us/article/social-crm-touted-as-next-big-thing" target="_blank">predicts</a> that by 2015, as much as 10 percent of customer support issues will be solved solely through online communities. This can help companies save time and money, meaning they should consider investing in social CRM tools now to make such community involvement possible.</p>
<p>Gartner&#39;s predictions were not entirely optimistic. They estimate that 70 percent of social media initiatives in the next few years will not succeed, due to a failure to develop a well-planned social CRM strategy.</p>
<p>To avoid entering this population, businesses should consider developing long-term social CRM strategies sooner rather than later. When successfully implemented, social CRM strategies can increase consumer satisfaction and create brand advocates who will encourage others to consider a particular business&#39; products and services.</p>]]></content:encoded></item>		<item><title>Effective CRM Requires Effective Leadership</title><link>http://www.teletech.com/news/customer-management/effective-crm-requires-effective-leadership-800778964</link><pubDate>2012-05-18T16:29:53</pubDate><content:encoded><![CDATA[ <p>When used properly, customer relationship management (CRM) tools can significantly improve a company&#39;s sales, customer service, marketing, and a variety of other operations. However, truly effective CRM implementation requires effective leadership, as several industry experts recently highlighted.</p>
<p><a href="http://midsizeinsider.com/en-us/article/new-crm-trends-something-midsize-it-admi" target="_blank">Writing for Midsize Insider</a>, Doug Bonderud argued that one of the keys to successfully incorporating CRM tools within an organization is that leaders take steps to incentivize their workers. If employees do not see any discernible benefit to using CRM tools, they will simply choose to continue using the systems with which they are more familiar.</p>
<p>According to Bonderud, to combat this problem, some CRM companies are developing &quot;gamified&quot; systems that incorporate video game mechanics to make them more appealing to use. Whether using such a solution or not, it is crucial for leaders to find ways to motivate employees to use CRM.</p>
<p>Additionally, business leaders must realize that CRM is not simply about sales, as CRM Buyer&#39;s Christopher Bucholtz <a href="http://www.crmbuyer.com/story/People-Processes-and-Standout-Service-Experiences-75137.html" target="_blank">recently argued</a>. Too often, he explained, business leaders maintain this perspective, which limits the potential impact CRM can have on an organization. Only by embracing the possibilities of CRM can a business leader ensure that his or her company will gain all of the advantages the technology has to offer.</p>]]></content:encoded></item>		<item><title>Social Media Revolutionizing the Customer Experience</title><link>http://www.teletech.com/news/customer-management/social-media-revolutionizing-the-customer-experience-800778339</link><pubDate>2012-05-18T09:25:49</pubDate><content:encoded><![CDATA[ <p>In the past few years, social media has taken off, and many businesses are beginning to take advantage of the far-reaching platform to enhance the customer experience.</p>
<p>Small and medium sized enterprises have turned to Facebook for customer acquisition, with 36 percent of business using the social network to increase sales, according to <a href="http://blog.basekit.com/2012/05/14/social-media-steals-the-marketing-spotlight/">BaseKit</a>.</p>
<p>The social media giant has overtaken traditional forms of customer acquisition, such as the Yellow Pages, used by 27 percent of SMEs polled, and print advertising, which 21 percent of firms polled use. Not far behind is Twitter at 17 percent.</p>
<p>Social media is also changing the way customer support is conducted, according to <a href="http://www.marketwatch.com/story/social-media-users-expect-rapid-live-help-according-to-consumer-report-from-oracle-2012-05-14">Oracle</a>.</p>
<p>The study revealed that more than half of Twitter users expect a personal response within two hours of tweeting a question or complaint, and 51 percent of Facebook users expect a same-day response to questions or complaints posted to the site.</p>
<p>&quot;Whether the customer visits the company&#39;s commerce site or social media page, there must be a clear link to a customer service person that is informed and able to help,&quot; said Mike Webster, senior vice president and general manager of Oracle Retail.</p>]]></content:encoded></item>		<item><title>Social Media Users Place Higher Value on Customer Support and Service</title><link>http://www.teletech.com/news/customer-management/social-media-users-place-higher-value-on-customer-support-and-service-800777911</link><pubDate>2012-05-17T16:25:34</pubDate><content:encoded><![CDATA[ <p>As all business leaders know, high quality customer support and service are crucial components of any successful enterprise. Customer support can be the deciding factor between creating a brand advocate or missing an opportunity. A recent survey of U.K. consumers found that 90 percent of respondents claimed they would leave a store without making a purchase if they did not receive sufficient customer service.</p>
<p>Now, a <a href="http://about.americanexpress.com/news/pr/2012/gcsb.aspx" target="_blank">new study</a> by American Express has found that social media users may value customer support and service more than non-users. While only 11 percent of consumers who have not used social media for customer service indicated they would be willing to spend more money in order to receive excellent service, 21 percent of those who did use social media-based customer service said they would pay a premium for better support.</p>
<p>In addition to valuing customer service more, social media users have a greater likelihood of sharing their feelings about a company&#39;s customer service performance. The survey found that, on average, a non-user of social media will tell 9 people about a good customer service experience and 17 about a poor one. Consumers who have used social media for customer service, however, tell an average of 42 people about a good experience and 53 about a bad one.</p>]]></content:encoded></item>		<item><title>U.S. Insourcing</title><link>http://www.teletech.com/news/enterprise-management/u-s-insourcing-800777609</link><pubDate>2012-05-17T14:50:34</pubDate><content:encoded><![CDATA[ <p>In the United States, the political focus of the Obama Administration has been on keeping jobs in America. This is greatly influencing U.S. outsourcing solutions by creating incentives for U.S. companies to insource or local source their <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> to U.S.-based companies.</p>
<p>A bill introduced by Democratic lawmakers and highly supported by President Obama would provide a 20 percent tax credit to U.S. companies for the cost of bringing jobs and business operations back to America. The bill would also end tax breaks for companies that send jobs overseas.</p>
<p>The bill follows suit with the President&#39;s January &quot;Insourcing American Jobs&quot; forum, which focused on the Administration&#39;s goal of creating jobs for America and incentives for American companies to &quot;insource&quot; business operations rurally.</p>
<p>Vice President Biden&#39;s comments at the forum indicate the Administration&#39;s focus and direction for 2012 outsourcing solutions, &ldquo;Since day one, this Administration has been focused on encouraging investment and job creation here at home. The business leaders coming here from across the country today have looked at the facts and concluded what the President and I have been saying all along: that America is the best place in the world to do business and create jobs.&quot;</p>]]></content:encoded></item>		<item><title>With CRM, Businesses Can Win Back Dissatisfied Customers</title><link>http://www.teletech.com/news/customer-management/with-crm-businesses-can-win-back-dissatisfied-customers-800776944</link><pubDate>2012-05-16T16:21:26</pubDate><content:encoded><![CDATA[ <p>InformationWeek recently featured an interview with Ivar Kroghurd, in which the social media expert argued that companies can use customer relationship management (CRM) tools to improve their handling of complaints and other negative feedback delivered via social media channels.</p>
<p>Now, E-Commerce Times&#39; Christopher Bucholtz has offered a similar take, further reinforcing the potential value of CRM tools for customer support. <a href="http://www.ecommercetimes.com/story/When-Your-Business-Goofs-CRM-Can-Be-Your-Best-Friend-75072.html" target="_blank">According to Bucholtz</a>, there are two primary ways in which CRM can prove valuable in this area.</p>
<p>Firstly, CRM can help companies establish strong relationships with their customers before any sort of mishap. By doing so, organizations can improve the possibility of retaining a dissatisfied customer. &quot;People are more forgiving when there&#39;s a relationship in place,&quot; he explained. CRM tools can help companies address customer needs and wants, establishing a positive relationship.</p>
<p>Secondly, CRM allows companies to better understand their customers, which improves their ability to offer support. Instead of focusing exclusively on how valuable a customer is to the company, Bucholtz argues that companies should consider how valuable they are to their customers. CRM tools can help achieve this level of understanding, which can then be used to offer an optimal response to dissatisfied customers.</p>]]></content:encoded></item>		<item><title>U.S. Business Process Outsourcing Market to Reach $92 Billion in 2016</title><link>http://www.teletech.com/news/contact-center-technology/u-s-business-process-outsourcing-market-to-reach-92-billion-in-2016-800776845</link><pubDate>2012-05-16T16:05:30</pubDate><content:encoded><![CDATA[ <p>The growth of the business process outsourcing (<a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">BPO</a>) market is expected to surge in the coming years, and it isn&#39;t expected to slow down anytime soon.</p>
<p>According to IDC&#39;s new <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">Business Process Outsourcing</a> market forecast, the U.S. BPO market is expected to grow at a five-year CAGR of 4.2 percent, to $92 billion in 2016.</p>
<p>U.S. BPO growth slowed a bit in previous years, in direct relation to the recession, but according to GIA research, the United States is now the largest regional BPO market. In fact, BPO is one of the fastest growing sectors in the IT services/outsourcing industry.</p>
<p>GIA&nbsp; attributes the rapid growth to increased desire for global business and technological advancements.</p>
<p>Due to regulation in the post-recession United States, the banking industry is trending toward outsourcing processes such as cash management, custody, and treasury.</p>
<p>Of all the segments in the industry, customer services constitutes the largest sector.</p>
<p>In addition to U.S. growth, the worldwide BPO market is expected to grow at a five-year CAGR of 5.3 percent and reach $202.6 billion in 2016.</p>]]></content:encoded></item>		<item><title>New Pricing Models in the Banking Industry</title><link>http://www.teletech.com/news/enterprise-management/new-pricing-models-in-the-banking-industry-800776124</link><pubDate>2012-05-15T17:32:34</pubDate><content:encoded><![CDATA[ <p>Computerworld recently reported on <a href="http://www.computerworld.com/s/article/9227057/5_Outsourcing_Trends_to_Watch">five trends</a> to watch in the outsourcing industry. Of the trends reported on, one most prevalent was the demand for new pricing models. This demand has specifically been occurring in <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> agreements with banking industry companies, as reported in a study by <a href="https://mail-attachment.googleusercontent.com/attachment/?ui=2&amp;ik=eb22060e84&amp;view=att&amp;th=1373a26cab67766b&amp;attid=0.1&amp;disp=inline&amp;realattid=f_h22qurqp0&amp;safe=1&amp;zw&amp;saduie=AG9B_P9GDUYQpQx1kPFYGlV1STWd&amp;sadet=1336745479497&amp;sads=QAzlBcP1WbsSbBR7xXU9EqQDjfY&amp;sadssc=1">Alsbridge</a>.</p>
<p>In the financial industry, companies have deeply integrated outsourcing models with traditional providers for core lending and retail operations, workflow, collateral tracking, client relationship management, and records management solutions for lending and leasing. Companies have built their infrastructures around these outsourcing arrangements, and now find themselves held hostage by provider services and existing fee structures.</p>
<p>This creates a provider-favorable range that allows providers to control pricing construction. In today&#39;s banking provider service model, there is a significant disconnect in pricing of services as well as the mechanisms for the way prices are structured.&nbsp;&nbsp;&nbsp;</p>
<p>New pricing models, specifically in the banking industry, are expected to emerge as banking companies push harder for better service levels, descriptions, and pricing. As service models are deeply embedded in the banking service contract, it is possible that the industry will seek the advisement of outside consultants to evolve the construction of service and pricing models.</p>]]></content:encoded></item>		<item><title>Expert: CRM Can Transform Customer Support</title><link>http://www.teletech.com/news/customer-management/expert-crm-can-transform-customer-support-800775863</link><pubDate>2012-05-15T16:14:38</pubDate><content:encoded><![CDATA[ <p>Speaking to CIO, IBM vice president of predictive analytics Deepek Advani recently emphasized the value of big data tools in the contact center. According to Advani, one of the most significant benefits of big data is that companies can use text and sentiment analysis to sort through unstructured data and find patterns, which can improve contact center agents&#39; customer service offerings.</p>
<p>Technology expert John Everhard recently echoed these thoughts and offered his own take on this development. Writing for callcentre.co.uk, <a href="http://www.callcentre.co.uk/page.cfm/Action=library/libID=1/listID=52/libEntryID=4347" target="_blank">Everhard argued</a> that integrating big data insights with CRM tools can increase the value of each customer interaction. By learning more about customer preferences, contact center agents and salesmen will be better able to upsell and cross-sell products and services, increasing companies&#39; bottom lines.</p>
<p>Everhard further highlighted the value of CRM tools capable of predicting customer behavior. According to Everhard, the &quot;next generation of CRM solutions will predict the needs of the customer and offer next-best action using advanced decision-making capabilities and data analytics.&quot; He believes that this will both drive up sales figures and increase retention, as customer satisfaction will increase as the time needed to solve issues decreases.</p>]]></content:encoded></item>		<item><title>Global Outsourcing Market Growth in Q1 2012</title><link>http://www.teletech.com/news/enterprise-management/global-outsourcing-market-growth-in-q1-2012-800774998</link><pubDate>2012-05-14T16:43:28</pubDate><content:encoded><![CDATA[ <p>The global outsourcing market continues to grow, although the pace was modest in the first quarter of 2012. According to a press release by Everest Group, a leading research provider in the global services industry, 441 outsourcing deals were recorded and transaction volume increased 11 percent from the previous quarter, to about $3 billion. Further, the market saw a 9 percent increase in business process outsourcing (<a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">BPO</a>) transactions.</p>
<p>The banking, financial services and insurance (BFSI) sector led the market in transaction volume, with an increase of 12 percent. In the BFSI sector, companies mainly rely on outsourcing providers for core lending and back-office operations, collateral tracking, customer relationship management, and records management solutions.</p>
<p>One area that has caused an increase in demand for outsourcing services in the BFSI is the 2010 Dodd-Frank regulation. The regulation requires documentation and processing reform that will affect nearly every sub-sector of the BFSI industry. This reform has resulted in increased administrative demands, creating a need for outsourcing providers who can service this documentation so companies can continue to function without a gap in service.</p>]]></content:encoded></item>		<item><title>Big Data Offers Significant Benefits For the Contact Center</title><link>http://www.teletech.com/news/contact-center-technology/big-data-offers-significant-benefits-for-the-contact-center-800774370</link><pubDate>2012-05-14T11:00:14</pubDate><content:encoded><![CDATA[ <p>By using big data analytics tools in the contact center, companies can greatly improve their customer support quality, according to Stephanie Overby of CIO.</p>
<p><a href="http://www.cio.com/article/706244/Big_Data_Analytics_Gold_for_the_Call_Center?taxonomyId=3195" target="_blank">As Overby notes</a>, in the past, the majority of contact center data analysis was predominantly quantitative, measuring call times, resolutions rates and other basic statistics.</p>
<p>However, with the advent of big data analytics, companies can now obtain significantly more insightful information. &quot;Companies are applying text and sentiment analysis to this unstructured data, and looking for patterns and trends,&quot; said Deepek Advani, vice president of predictive analytics for IBM. With this information, contact center agents can better understand the best ways of dealing with various customer issues, improving overall customer service.</p>
<p>Big data analytics are particularly useful in the contact center due to the massive amount of data accumulated there everyday, as Daniel Ziv noted in a discussion with MediaPost. According to Ziv, the average contact center phone call consists of more than 1,000 words. With big data tools, these words can be analyzed to reveal subtle patterns that would otherwise be impossible to detect.</p>]]></content:encoded></item>		<item><title>Rural Sourcing for U.S. Economic Growth</title><link>http://www.teletech.com/news/enterprise-management/rural-sourcing-for-u-s-economic-growth-800774103</link><pubDate>2012-05-11T17:04:27</pubDate><content:encoded><![CDATA[ <p>Rural sourcing is becoming a viable alternative for many companies when developing their <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> strategies. Rural sourcing involves outsourcing work to service providers in rural U.S. communities where costs are lower and community development is needed.</p>
<p>Everest Research Group has taken a deeper dive into the alternative of rural outsourcing, focusing on the benefits of achieving cost savings and retaining work onshore in its <a href="http://research.everestgrp.com/Product/11685?mkt_tok=3RkMMJWWfF9wsRonsq%2FJZKXonjHpfsX56egtX6O%2BlMI%2F0ER3fOvrPUfGjI4ATcdrI%2FqLAzICFpZo2FFdDOWHeZNU%2FedN">April 2012 - Rural Sourcing - An Emerging Alternative for Traditional Outsourcing?</a></p>
<p>Increased awareness and focus on rural sourcing has been further highlighted in the current economic environment, as the Obama Administration has promoted keeping jobs onshore.</p>
<p>In January 2012, the Obama Administration held an &quot;Insourcing American Jobs&quot; forum at the White House. Discussions focused around ways U.S. companies could source jobs onshore to help rebuild the U.S. economy. Rural sourcing these jobs to local technical college or university resources is one way to gain cost savings and develop rural communities through job creation.</p>
<p>The January forum included statistics on the U.S.&#39;s insourcing trend. Statistics included real business fixed investment growth of 18 percent in the U.S. since the end of 2009, a gain of 334,000 manufacturing jobs in the past two years, and an annualized increase of 5.7 percent in manufacturing production since June 2009, all attributed to a focus on insourcing U.S. jobs.</p>
<p>The President&#39;s campaign has continued to build in this area, as new tax proposals have been developed to reward companies who source to U.S. service providers or bring jobs back to the United States from offshore locations and eliminating tax advantages for companies moving jobs overseas. With the Administration&#39;s focus on providing resources for growth of this sourcing trend, it is likely to become a more widely used outsourcing solution for U.S. companies.</p>]]></content:encoded></item>		<item><title>Social CRM Can Improve Customer Complaint Response</title><link>http://www.teletech.com/news/customer-management/social-crm-can-improve-customer-complaint-response-800773921</link><pubDate>2012-05-11T16:03:14</pubDate><content:encoded><![CDATA[ <p>Recently, Baseline Magazine argued that many companies fail to see the opportunity inherent in customer complaints. When handled properly, the source argued, customer complaints represent a great opportunity for companies to secure brand loyalty.</p>
<p>Ivar Kroghrud, social customer relationship management (CRM) expert, echoed these sentiments in an <a href="http://www.informationweek.com/news/smb/ebusiness/232901141" target="_blank">interview with InformationWeek</a>. By interacting with dissatisfied customers in a genuine, open manner, companies can turn these&nbsp;skeptics into brand advocates.</p>
<p>To this end, <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> is crucial. With social CRM&#39;s sentiment analysis tools, he explained, the company can analyze an individual&#39;s comments to determine what he or she wants, and how best to respond.</p>
<p>Additionally, social CRM can help companies determine who they should respond to, and who should be ignored. It is impractical to attempt to engage every customer who writes about the company. Instead, Kroghrud recommends that companies develop metrics to determine which customers and what types of feedback they prioritize, and then use social CRM tools to isolate these situations.</p>
<p>Lastly, Kroghrud explained that companies should offer particularly irate customers the chance to address their issues in a different, more private channel. This way, the customers will receive personal assistance, and the company can minimize the number of people exposed to its negative publicity.</p>]]></content:encoded></item>		<item><title>Managing Service Level Expectations in an Outsourcing Relationship</title><link>http://www.teletech.com/news/enterprise-management/managing-service-level-expectations-in-an-outsourcing-relationship-800773279</link><pubDate>2012-05-10T19:41:11</pubDate><content:encoded><![CDATA[ <p>At the onset of every <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> relationship it is important to evaluate metrics for service level maintenance. These metrics provide a guide for the provider and a way for the company to measure its satisfaction with the provider. These can be outlined in the service level agreement, and should be discussed at regular intervals.</p>
<p>Some key aspects that should be focused on in the service level agreement and throughout the service relationship are the following: meeting year-over-year cost reduction goals, ability to adapt to changing market conditions and industry regulations, service capabilities during peak volume levels, corporate culture blending, speed in decision making, and communication during organizational changes.</p>
<p>This list of key points comes from a 2011 study of 26 successful <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">BPO</a> relationships done by the Outsourcing Center. These key service points can be pivotal for a service relationship. Specific to communicating on organizational changes and decision making, it is critical for companies and providers to establish a rapport between senior executives to ensure communication is appropriate and corporate cultures are blended to match the company&#39;s business needs.</p>]]></content:encoded></item>		<item><title>CRM can transform bad news into good news</title><link>http://www.teletech.com/news/customer-management/crm-can-transform-bad-news-into-good-news-800772347</link><pubDate>2012-05-10T07:48:27</pubDate><content:encoded><![CDATA[ <p>Whether disappointing sales numbers or dissatisfied customers, no executive enjoys hearing negative news about his or her company. However, with the savvy application of CRM tools, organizations may be able to turn bad news into knowledge and opportunities, as Marketscan&#39;s Daryl Jay recently highlighted.</p>
<p><a href="http://www.marketscan.co.uk/news/whether-your-marketing-campaigns-win-or-lose-analysing-your-crm-database-is-a-must-0006786" target="_blank">According to Jay</a>, CRM can yield insights as to why a marketing campaign was unsuccessful, thanks to CRM&#39;s ability to precisely track the behavior of potential customers and clients. For example, CRM may reveal that despite receiving a significant number of responses on a company&#39;s website, very few of those responses led to sales.</p>
<p>Upon discovering this phenomenon, the company may look more closely into the responses given by the organization&#39;s web management team, discovering that this team was not adequately briefed before the campaign, and did not respond to queries properly. The company will now know to increase internal communications before beginning a promotional push in the future.</p>
<p>Additionally, CRM can help companies turn dissatisfied customers into brand advocates, as Baseline Magazine recently highlighted. Consumers highly value companies that address their complaints. CRM can help to organize these complaints and improve the time and quality of a company&#39;s response.</p>]]></content:encoded></item>		<item><title>Successful CRM Requires Proper Mindset</title><link>http://www.teletech.com/news/customer-management/successful-crm-requires-proper-mindset-800772074</link><pubDate>2012-05-09T16:44:09</pubDate><content:encoded><![CDATA[ <p>When properly implemented, customer relationship management (CRM) can prove to be one of the most powerful tools available to a company. It can improve an organization&#39;s marketing abilities, quality of customer support and more. CIOs, understanding the technology&#39;s potential, are placing greater emphasis on CRM within their organizations. In a recent Gartner survey of more than 2,000 CIOs from 37 different industries, CRM was ranked as the 8th most important technological priority. The year before, it was ranked 18th.</p>
<p>However, simply understanding the importance of CRM is not enough to guarantee results. Proper implementation is critical, and achieving successful implementation requires that companies adopt the proper mindset.</p>
<p>This point was <a href="http://www.mydigitalfc.com/knowledge/getting-customer-relationship-right-135" target="_blank">recently highlighted</a> by M Muneer of Financial Chronicle. According to Muneer, many businesses in the past have invested in CRM without truly understanding what the technology is or how to use it, and subsequently failed to see significant returns.</p>
<p>Additionally, Muneer argues that understanding must not be limited to high-ranking executives. To be truly effective, CRM needs to be incorporated throughout an organization, and this can only be achieved if employees at all levels realize how they can gain benefits by using CRM solutions.</p>]]></content:encoded></item>		<item><title>Vertical Business Process Outsourcing</title><link>http://www.teletech.com/news/enterprise-management/vertical-business-process-outsourcing-800772008</link><pubDate>2012-05-09T16:29:56</pubDate><content:encoded><![CDATA[ <p>Horizontal business process outsourcing (<a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">BPO</a>) is a core part of the outsourcing market, but vertical <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> is trending.</p>
<p>Horizontal business process outsourcing has long since been a valuable part of many business processes. Offloading non-core business functions to qualified service providers is a way for businesses to cut costs by capitalizing on economies of scale and efficiency expertise that these services can provide.&nbsp;</p>
<p>However, as the economy recovers and businesses seek more progressive business management strategies, a new vertical business process outsourcing model has evolved. Vertical business process outsourcing calls for providers to manage a businesses more complex industry specific work.</p>
<p>Using vertical BPO services for new product development initiatives and enterprise service functions is becoming more profitable for companies as more providers emerge in the outsourcing space.</p>
<p>The financial services industry provides one example of a vertical business processing opportunity. The Dodd-Frank Act, released in 2010, provides an outline for regulatory reform that will affect nearly all sectors of the financial industry. These regulations will add significant administrative workloads for many firms and using vertical business process outsourcing to offset any business disruption and process this documentation efficiently is one way vertical business process outsourcing can be used in the industry.</p>]]></content:encoded></item>		<item><title>Contact Centers Should Value Customers Over Channels, Expert Says</title><link>http://www.teletech.com/news/customer-management/contact-centers-should-value-customers-over-channels-expert-says-800771030</link><pubDate>2012-05-08T16:19:00</pubDate><content:encoded><![CDATA[ <p>The question of what channels to integrate into the contact center, and the best means of achieving this implementation, is a major concern for companies focused on customer support. The rise of social media and smartphones has put significant pressure on companies to offer additional options for customer engagement, including Facebook, Twitter, texting, and live web chat. Determining the best means of offering these diverse channels can greatly impact how well or poorly customers view a company.</p>
<p>However, as Jeff Zabin <a href="http://www.technewsworld.com/story/75040.html" target="_blank">recently pointed out</a>, issues regarding channel implementation should not distract contact centers from the more important area of focus: the customers. Writing for Tech News World, Zabin argues that customer concerns should always trump channel issues.</p>
<p>For this reason, Zabin writes that organizations should work to improve their customer prioritization, rather than channel prioritization. Too often, companies develop policies concerning what channel to respond to first. It is more important, he believes, to serve higher value customers first, regardless of channel. Customers who are classified as having a longer lifetime value should be served earlier, even if their channel of choice would otherwise push them down the list.</p>]]></content:encoded></item>		<item><title>Developments in the Benefits Administration Outsourcing Market</title><link>http://www.teletech.com/news/enterprise-management/developments-in-the-benefits-administration-outsourcing-market-800770969</link><pubDate>2012-05-08T16:09:35</pubDate><content:encoded><![CDATA[ <p>The benefits administration outsourcing (BAO) market makes up a large portion of the overall human resources outsourcing market. In 2011, the global BAO market grew 12.5 percent to account for $5.4 billion in annualized revenue, according to a study by Everest Group.</p>
<p>The benefits administration outsourcing market supports health and welfare, defined benefits, and defined contribution. In this niche <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> market, quick and seamless integration of provider service and technology is key to a good service relationship.</p>
<p>BAO clients are looking for benefit administration providers that specialize in the industry and can provide knowledgeable consultation about industry practices and regulation.</p>
<p>As business practices evolve, a provider with a consistent and efficient software implementation solution also adds to the value of an administration outsourcing provider. Companies are seeking BAO providers who can integrate efficiently with company processes and can also create a strong administration processing infrastructure that adds value to the company and allows them to focus on their core business lines.</p>
<p>Proven technology is critical to the success of a BAO provider and can be a key differentiator in the decision to outsource to a specific provider. As the BAO market grows and matures, providers with established administrative models and strong company relationships will likely receive greater contract renewals and referrals.</p>]]></content:encoded></item>		<item><title>Expert: Contact Center Should Feature IVR, Social Media, Other Channels</title><link>http://www.teletech.com/news/customer-management/expert-contact-center-should-feature-ivr-social-media-other-channels-800769960</link><pubDate>2012-05-07T16:24:24</pubDate><content:encoded><![CDATA[ <p>The successful integration of social media with a company&#39;s infrastructure and operations is a critical factor in determining that organization&#39;s success or failure. Many companies have acknowledged this fact, and are responding accordingly. Social customer relationship management (CRM) is a rapidly growing industry. Gartner estimates that the global <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> software market will reach $2 billion this year.</p>
<p>One of the areas in which social media has had and will continue to have the biggest impact is in the contact center. Customers increasingly demand the option of communicating with customer support, sales and other departments via Facebook and Twitter, leading many companies to strive to incorporate these channels into their contact center.</p>
<p>However, as Don Keane <a href="http://www.business2community.com/social-media/how-the-power-of-social-media-impacts-ivr-and-customer-service-0173651" target="_blank">recently argued</a> in Business 2 Community, companies should not attempt to adopt social media-based customer support in lieu of other channels. Rather, they should work to incorporate social media, IVR, email and the telephone into contact centers, training their agents to handle all forms of contact with customers. Doing so can significantly improve a company&#39;s overall quality of service, increasing customer loyalty and creating brand advocates.</p>]]></content:encoded></item>		<item><title>Expert: Contact Center Should Feature IVR, Social Media, Other Channels</title><link>http://www.teletech.com/news/contact-center-technology/expert-contact-center-should-feature-ivr-social-media-other-channels-800769960</link><pubDate>2012-05-07T16:24:24</pubDate><content:encoded><![CDATA[ <p>The successful integration of social media with a company&#39;s infrastructure and operations is a critical factor in determining that organization&#39;s success or failure. Many companies have acknowledged this fact, and are responding accordingly. Social customer relationship management (CRM) is a rapidly growing industry. Gartner estimates that the global <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> software market will reach $2 billion this year.</p>
<p>One of the areas in which social media has had and will continue to have the biggest impact is in the contact center. Customers increasingly demand the option of communicating with customer support, sales and other departments via Facebook and Twitter, leading many companies to strive to incorporate these channels into their contact center.</p>
<p>However, as Don Keane <a href="http://www.business2community.com/social-media/how-the-power-of-social-media-impacts-ivr-and-customer-service-0173651" target="_blank">recently argued</a> in Business 2 Community, companies should not attempt to adopt social media-based customer support in lieu of other channels. Rather, they should work to incorporate social media, IVR, email and the telephone into contact centers, training their agents to handle all forms of contact with customers. Doing so can significantly improve a company&#39;s overall quality of service, increasing customer loyalty and creating brand advocates.</p>]]></content:encoded></item>		<item><title>Success Factors for Outsourcing Transitions</title><link>http://www.teletech.com/news/enterprise-management/success-factors-for-outsourcing-transitions-800769904</link><pubDate>2012-05-07T16:03:11</pubDate><content:encoded><![CDATA[ <p>There are a few key things that will make a <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> transition successful. That includes documenting processes, developing transition metrics, monitoring of service provider staffing and turnover, and preparing for the unexpected.</p>
<p>Firstly, companies should establish a process for document processes. If a standard process for documenting the relationship and metrics is not available, both parties should tightly manage this during the transition phase. Developing transition metrics is also important to a successful transition, and will clearly outline the expectations of both parties. Additionally, companies should work to maintain a good relationship with their provider, so setting intervals to report staff turnover and changes is critical. Lastly, both parties should prepare for the unexpected. For the outsourcer, this may mean planning extra budgeting dollars for unexpected costs. For the outsourcing provider, this may include planning for unexpected systems or staffing integrations.</p>
<p>In today&#39;s competitive environment, where outsourcers have many providers to choose from, ensuring that the outsourcing transition is done effectively and building strong working relationships during the transition period will likely lead to a successful business relationship and a high probability of contract renewal.</p>]]></content:encoded></item>		<item><title>Organizations Should Integrate Social Media Into the Contact Center</title><link>http://www.teletech.com/news/contact-center-technology/organizations-should-integrate-social-media-into-the-contact-center-800769058</link><pubDate>2012-05-04T16:34:48</pubDate><content:encoded><![CDATA[ <p>More and more, consumers look to social media as a channel for customer support. A TNS study of 1,000 consumers in the United Kingdom found that 15 percent of consumers aged 16 to 24 chose social media as their preferred means of interacting with a company&#39;s customer service agents. As time goes on and social media becomes even more prevalent, it is likely that this number will increase.</p>
<p>That is why it is crucial for companies to integrate social media into their contact centers.</p>
<p>As Tim Passios and Blair Pleasant <a href="http://callcenterinfo.tmcnet.com/ask-the-expert/articles/288195-realistic-look-social-media-the-contact-center.htm" target="_blank">recently argued</a> on TMCnet, new developments in contact center technology make this possibility a reality. Now, contact centers can essentially treat Facebook posts and Tweets the way they treat phone calls and emails. Agents can respond to users immediately, thanks to tracking tools that monitor the company&#39;s social media pages, and alert agents to relevant activity.</p>
<p>Additionally, Passios and Pleasant argue that it is possible, and advisable, to implement a strategy that allows for social media interactivity across multiple departments. While many organizations leave social media solely in the hands of marketing, companies that incorporate the platform throughout the organization can reap significantly greater benefits.</p>]]></content:encoded></item>		<item><title>Many social CRM projects will fail due to lack of measurable objectives, research suggests</title><link>http://www.teletech.com/news/customer-management/many-social-crm-projects-will-fail-due-to-lack-of-measurable-objectives-research-suggests-800768907</link><pubDate>2012-05-04T16:04:27</pubDate><content:encoded><![CDATA[ <p><a href="http://www.channelbiz.co.uk/2012/05/03/only-half-of-fortune-1000-companies-will-see-a-positive-social-crm-return/" target="_blank">According to Gartner</a>, social customer relationship management (CRM) is an essential business tool, affecting organizations&#39; marketing, sales, customer service and virtually every other area.</p>
<p>However, despite increasing awareness of <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a>&#39;s importance, Gartner research director Adam Sarner recently claimed that approximately half of all Fortune 1000 companies will not see positive results from their social CRM projects. This, he explained, is due to these companies&#39; failure to set clear objectives for or monitor the ROI of their social CRM efforts.</p>
<p>According to Sarner, many of these businesses are taking steps to monitor the social success of their CRM projects, such as tracking fan pages and Tweets, but this information is not enough to determine whether a social CRM project is truly yielding results. Without that crucial information, an organization has no way of identifying the strengths and weaknesses of its efforts, and cannot adjust its strategies to maximize results.</p>
<p>Gartner predicts social CRM use to grow significantly this year, with the global market for social CRM software expected to reach $2.1 billion. Last year, the market was valued at $850 million.</p>]]></content:encoded></item>		<item><title>Outsourcing in the Finance and Accounting Sector</title><link>http://www.teletech.com/news/revenue-generation/outsourcing-in-the-finance-and-accounting-sector-800768859</link><pubDate>2012-05-04T15:48:34</pubDate><content:encoded><![CDATA[ <p>According to a study by Everest Group, the global multi-process finance and accounting outsource market continues to grow at a healthy rate of 11 percent. In a growing <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> market, finance and accounting outsourcing is one sector that is reaching maturity. This is further supported by the fact that nearly 70 percent of the growth in 2011 was attributed to contract extensions and renewals, inferring that companies are building long lasting relationships with their outsourcing providers, and that they are happy with their services.</p>
<p>Another key note from the study infers that competition in the finance and accounting outsourcing market is increasing. This is evidenced by the decreased percentage of contracts held by top three service providers. This figure decreased from 65 percent in 2005 to 50 percent in 2011.</p>
<p>When surveying the finance and accounting market, there are a few key things that companies are looking for when they choose an outsourced provider. A few of the key criteria include location, track record, and cost. Onshore and nearshore outsourcing is becoming of greater importance to companies, because the location can alleviate many cultural and language barrier issues. Track record is also a differentiator for companies seeking finance and accounting outsourcing, as they appreciate seeing transition records and successful case studies on the provider, and how their processes have been effective in the past. Lastly, the cost of the service becomes a key component of the decision. Companies want to outsource to providers who are going to reduce their expenses and provide better overall service than businesses would receive through their own finance and accounting department.</p>]]></content:encoded></item>		<item><title>Hosted Technology Reduces Contact Center Costs Without Sacrificing Service</title><link>http://www.teletech.com/news/contact-center-technology/hosted-technology-reduces-contact-center-costs-without-sacrificing-service-800768041</link><pubDate>2012-05-03T16:20:38</pubDate><content:encoded><![CDATA[ <p>Any organization hoping to provide top-level customer service must focus on the phone. While email,&nbsp; social media, text messaging, and several other channels have grown in popularity, the phone remains the most popular means for customers to contact companies with questions, comments, and requests for help.</p>
<p>According to Magellan-Solutions, a recent Forrester Research study found that 68 percent of participants had used the telephone for customer service in the past year. Another Forrester Research survey found that the telephone also offered the highest level of customer satisfaction.&nbsp;</p>
<p>Considering its importance in providing customer support, it is crucial that companies maintain highly functioning contact centers. However, this can be an expensive prospect for companies with limited budgets.</p>
<p>To reduce costs without compromising service, Jeff Valentine <a href="http://mashable.com/2012/04/24/call-center-death-exaggerated/" target="_blank">recently recommended</a> that organizations consider implementing <a href="http://www.teletech.com/solutions/hosted-technology" class="dnautolink">hosted technology</a>. Writing for Mashable, Valentine estimates that a 50-agent hosted contact center may be as much as 70 percent less expensive than an on-premises solution.</p>
<p>Additionally, a hosted contact center allows for cross-trained workers to act as agents on demand, rather than being dedicated solely to helping customers. As a result, a company can increase its overall efficiency.</p>]]></content:encoded></item>		<item><title>VoIP can save companies money without sacrificing customer support service</title><link>http://www.teletech.com/news/contact-center-technology/voip-can-save-companies-money-without-sacrificing-customer-support-service-800768031</link><pubDate>2012-05-03T16:19:01</pubDate><content:encoded><![CDATA[ <p>Customer satisfaction is crucial. Whether a company is a multinational conglomerate or a small operation with fewer than 100 employees, its ability to keep customers happy will determine its success.</p>
<p>To a large extent, success in this area revolves around customer support. As Inc Magazine notes, a company&#39;s reputation is highly dependent on its quality of customer service. However, maintaining a high level of customer service can be expensive, as it requires that the company handle large numbers of telephone calls in its contact center.</p>
<p>To help reduce the costs associated with maintaining a high quality contact center, PC World&#39;s Jason Kennedy <a href="http://www.pcworld.com/article/254659/how_switching_to_voip_can_save_you_money.html" target="_blank">recently recommended</a> that companies consider switching to voice over internet protocol (VoIP).</p>
<p>According to Kennedy, VoIP can save money in several ways. For one, it reduces the need to maintain or install costly hardware, including new phone lines, since VoIP equipment connects directly to a company&#39;s existing broadband network.</p>
<p>Secondly, VoIP treats phone conversations as data carried through the internet. This means that companies are charged for VoIP services as if they were using the internet, which is significantly cheaper than what most telecommunications companies charge for phone services.</p>
<p>To achieve this result, companies must strive to provide top-notch customer support. Numerous studies have found that consumers who are dissatisfied with a company&#39;s level of customer service are likely to leave that brand, and to inform friends and family of their displeasure.</p>]]></content:encoded></item>		<item><title>Human Resource Management Outsourcing</title><link>http://www.teletech.com/news/enterprise-management/human-resource-management-outsourcing-800767912</link><pubDate>2012-05-03T15:46:30</pubDate><content:encoded><![CDATA[ <p>According to a poll conducted by the Society of Human Resource Management, 26 percent of companies cite saving money as the main reason for choosing to outsource their human resource department to a professional employment organization.&nbsp;</p>
<p>As the economy continues to recover, more companies turn to <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> solutions that will improve their business processes and reduce business expenses. In the current market environment, companies are seeking human resource outsourcing services for payroll management, 401k plans, recruiting, workers compensation, insurance benefits, and other administrative tasks.</p>
<p>These outsourcing providers can bring specialized human resource processing services to an organization, which helps companies more efficiently recruit talented employees, process paperwork, manage employment regulation, and ensure that day to day process management issues are handled efficiently.</p>
<p>According to Everest Group Research&#39;s study on the human resource market, the industry is expected to grow at a rate of 27.2% year on year. With this growth in the industry, companies can be more particular about the services they are seeking. In today&#39;s market, companies want outsourcing providers that can adapt to their company&#39;s culture and present a consistent brand message to potential employees and clients.</p>]]></content:encoded></item>		<item><title>Social media-based customer support increasingly prevalent</title><link>http://www.teletech.com/news/customer-management/social-media-based-customer-support-increasingly-prevalent-800767123</link><pubDate>2012-05-02T16:32:46</pubDate><content:encoded><![CDATA[ <p><a href="http://www.marketwatch.com/story/survey-finds-nearly-60-percent-of-businesses-in-the-us-and-uk-use-twitter-and-facebook-for-customer-service-2012-05-01" target="_blank">A new report</a> has found that customer demand is driving businesses to offer customer support via social media channels.</p>
<p>The study, conducted by thinkJar, surveyed 400 employees from U.K. and U.S. companies, asking them about their organizations&#39; use of social media in the contact center. The report found that 59 percent of participants&#39; companies use Twitter and 60 percent use Facebook to respond to customer support issues. Altogether, 85 percent of respondents&#39; organizations used at least one form of social media-based customer support.</p>
<p>As the survey made clear, customer demand is the leading factor behind the rise of social customer service. At 56 percent, customer request was the most frequently cited explanation for companies adopting the strategy, followed by a desire to keep up with competitors (40 percent).</p>
<p>These reasons are supported by another recent study, conducted by Coleman Parkes. Surveying 2,900 smartphone users from around the world, the study found that 54 percent of respondents had used social media to complain to their mobile service providers. However, of these, only 75 percent received a satisfactory answer, suggesting that organizations still have room to improve their social customer service practices.</p>]]></content:encoded></item>		<item><title>Building a Good Relationship with your Outsourcing Provider</title><link>http://www.teletech.com/news/revenue-generation/building-a-good-relationship-with-your-outsourcing-provider-800766910</link><pubDate>2012-05-02T15:41:49</pubDate><content:encoded><![CDATA[ <p>When choosing a <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> solution and beginning a new relationship with an outsourcing service provider, there are many things for a company to take into consideration.</p>
<p>First and foremost is the Service Level Agreement (SLA). The Service Level Agreement will include everything discussed leading up to the implementation of the service, and will also establish the guidelines and expectations for the entire working relationship. Having tightly managed lead-in discussions about the level of service needed and capabilities available will allow easier drafting of the SLA and a higher success rate for the service over the long term.</p>
<p>Once the SLA is in place, there are a few key things that both parties can do throughout the life of the relationship to ensure that the communication is successful and the service arrangement is profitable. One is maintaining the relationship between key management personnel. Having good one to one communication between key management contacts and building that relationship through regular interaction and professional networking will more likely result in a longer term contract and greater overall satisfaction with the service. Additionally, periodic review meetings in which both parties discuss the service level being provided and any new issues, changes or enhancements with the service will also make the business relationship more successful and profitable.</p>]]></content:encoded></item>		<item><title>To Achieve CRM Success, Companies Must Train, Educate Workers, Experts Say</title><link>http://www.teletech.com/news/customer-management/to-achieve-crm-success-companies-must-train-educate-workers-experts-say-800766301</link><pubDate>2012-05-01T16:57:48</pubDate><content:encoded><![CDATA[ <p>Industry experts widely agree that customer relationship management (CRM) is one of the most valuable tools available. Organizations from a range of industries can improve their external and internal communications, marketing, sales, customer support and numerous other operations by taking advantage of CRM software.</p>
<p>However, achieving success with a CRM solution is not automatic. Organizations must take the appropriate steps to ensure effective implementation. According to several sources, one of the&nbsp; most important steps is training and educating employees.</p>
<p><a href="http://www.sci-tech-today.com/news/Overcoming-the-Challenges-of-CRM/story.xhtml?story_id=13200EQNQM9O" target="_blank">Speaking to Sci-Tech Today</a>, Marshall Perez, a partner with a marketing-recruiter firm, emphasized the importance of upper management communicating with every department in an organization to inform all employees of the utility of CRM. If employees do not see the value of CRM for their own work, they will not be motivated to make use of the tool. Consequently, companies will miss out on much of the value of the technology.</p>
<p>These sentiments are supported by CRM Solution&#39;s &quot;An Executive&#39;s Guide to CRM Software.&quot; This report claims that failing to incentivize employees to use CRM is one of the most significant mistakes a company can make as it strives to implement CRM. They recommend using a combination of rewards and enforced procedures to encourage all employees, instead of just those who inherently see the technology&#39;s value, to use CRM.</p>
<p>&nbsp;</p>]]></content:encoded></item>		<item><title>In-house versus Outsourced Lead Generation Services</title><link>http://www.teletech.com/news/revenue-generation/in-house-versus-outsourced-lead-generation-services-800766210</link><pubDate>2012-05-01T16:34:18</pubDate><content:encoded><![CDATA[ <p>According to a study by Marketing Sherpa, 7 out of 10 businesses say high quality leads are their top challenge, and that outsourced lead generation gives 43% better results than in-house. These findings show that a high demand for lead generation outsourcing, and that companies understand and seek the added value that comes from outsourcing to a lead generation provider.</p>
<p>In-house direct sales teams often turn to their lead generation pipeline when their contact or appointment list is running low. In-house lead generation and conversion can also be difficult because it is often based on cross-organizational inputs with a lack of accountability and analytics oversight. With in-house lead generation, firms often find that leads are not appropriately targeted, appointments are not followed up on and results are not clearly reported.</p>
<p>Industry outsourcing providers have identified this need for lead generation and have built outsourced teams and software applications to capitalize on demand. Some of the benefits of outsourcing lead generation include clear client profiling, accurate targeting, worthwhile meetings, guaranteed follow-up and feedback, and engaged responsibility with the sales contact for the entire lead generation process.</p>]]></content:encoded></item>		<item><title>Business-to-Consumer-Service Outsourcing</title><link>http://www.teletech.com/news/customer-management/business-to-consumer-service-outsourcing-800765283</link><pubDate>2012-04-30T18:26:16</pubDate><content:encoded><![CDATA[ <p>Duke University&#39;s, CMO Survey recently reported that the business-to-consumer services industry makes up the majority of outsourced business. The study finds that 88 percent of the B2C-Service industry relies on outsourcing, followed by 80 percent in the B2C-Product industry, 75 percent in the B2B-Product industry, and 66 percent in the B2B-Service sectors.</p>
<p>As the outsourcing industry trends toward increased demand for lead generation and core sales process revenue recognition, a large number of outsourcing providers are building strategies to accommodate this demand. Hewlett Packard&#39;s recent announcement of the company&#39;s enhancements to its Social Enterprise Services platform will further develop the customer relationship management services that the company can offer this demographic.</p>
<p>Hewlett Packard&#39;s Social Enterprise Services platform can offer providers a service that incorporates social media information into existing Hewlett Packard contact channels to provide organizations with a holistic view of their customers. Hewlett Packard&#39;s Social Enterprise Services will allow businesses to better target key influencers and track analytics, processes, and information. Building a lead generation system around this single platform allows users to draw from activity on multiple social media sites, as opposed to aggregating information from each site individually. &nbsp;</p>]]></content:encoded></item>		<item><title>Outsourcing Opportunities in Nearshore American Countries</title><link>http://www.teletech.com/news/revenue-generation/outsourcing-opportunities-in-nearshore-american-countries-800765034</link><pubDate>2012-04-30T17:01:13</pubDate><content:encoded><![CDATA[ <p>The financial crisis of 2008 slowed business growth across all sectors, this decline was also evident in the outsourcing industry. However, as the economy emerges from the recession, an increase in business outsourcing is also expected. This growth is supported by research from Everest Group&#39;s recent outsourcing study, which notes global outsourcing will grow at a rate of 15%. As the economy recovers, a new trend is expected to emerge, focused around the concept of revenue recognition as opposed to cost savings for businesses.&nbsp;</p>
<p>One geographic area that has been improving its ability to provide revenue by recognizing outsourcing opportunities for business is the nearshore Americas region. This region is primarily<br />
comprised of Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Jamaica,&nbsp;Mexico, and Uruguay. These countries are in high demand for outsourcing services, as U.S. companies favor <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> efficiencies and ease of working with a country closer to U.S. borders.</p>
<p>These efficiencies come from the overlapping bi-lingual capabilities that Latin American countries can offer. Other areas of specialty that have emerged in the region include agile computing, product design, web enablement, and social media services. Companies in this region have the opportunity to leverage their geographic location, infrastructure, latency issues, and cultural affinity, making them more attractive for U.S. businesses and a region for booming future growth.</p>]]></content:encoded></item>		<item><title>Updating technology, increasing flexibility may help contact center employee retention</title><link>http://www.teletech.com/news/contact-center-technology/updating-technology-increasing-flexibility-may-help-contact-center-employee-retention-800764961</link><pubDate>2012-04-30T16:47:08</pubDate><content:encoded><![CDATA[ <p>Generation Y is possibly the largest generation in American history. Defined roughly as those born between the years 1980 and 2000, NAS Recruitment estimates that there are more than 70 million members of Generation Y, comprising 20 percent of the country&#39;s total population.</p>
<p>Considering these numbers, it is clear that Generation Y will play a significant role in the economy in the coming years. Consequently, it is important that businesses take steps to make themselves appealing to Generation Y workers.</p>
<p>To this end, a leading software company <a href="http://docs.media.bitpipe.com/io_10x/io_103218/item_502277/wordstotheys_whitepaper_01232012.pdf" target="_blank">recently released a report</a> offering advice as to how organizations can entice these people to work in a contact center. For example, they recommend that contact centers take steps to modernize their technological capabilities. Not only will this improve the contact center&#39;s functionality - it will also make working at that center more appealing for technologically-savvy Generation Y workers.</p>
<p>Another recommendation offered in the report is increasing flexibility in terms of management style. As a general rule, Generation Y members put a higher value on flexibility than do most earlier generations of workers. As a result, Generation Y members may resent a highly rigid management style, and will thrive when granted a greater degree of independence.</p>]]></content:encoded></item>		<item><title>Experts recommend using big data analytics to improve social CRM</title><link>http://www.teletech.com/news/customer-management/experts-recommend-using-big-data-analytics-to-improve-social-crm-800763482</link><pubDate>2012-04-27T16:28:12</pubDate><content:encoded><![CDATA[ <p><a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">Social CRM</a> is a valuable tool for improving a business&#39; operations. Not only does it provide valuable data that can be used to increase efficiency, it also allows for greater engagement with customers and clients.</p>
<p>However, as CMS Wire&#39;s Chris Bucholtz recently highlighted, some companies are wary of pursuing a complete social CRM solution because of the potentially overwhelming amount of social media data available. With so many users participating in so many conversations, and with their own limited resources, it can be difficult for an organization to know when and when not to engage with customers.</p>
<p>Bucholtz went on to argue that big data analysis may mitigate this issue. Big data solutions can examine large datasets, filtering out irrelevant material and prioritizing useful data. By doing so, big data can allow companies to focus their efforts on social media users and conversations most likely to yield results.&nbsp;</p>
<p>These sentiments were supported by Keith Dawson and D. Daniel Ziv on MediaPost. They claimed that big data solutions can provide near instantaneous analysis of social media data, allowing for improved decision making.</p>]]></content:encoded></item>		<item><title>Organizations must be outgoing, innovative to maximize social CRM</title><link>http://www.teletech.com/news/customer-management/organizations-must-be-outgoing-innovative-to-maximize-social-crm-800763473</link><pubDate>2012-04-27T16:26:56</pubDate><content:encoded><![CDATA[ <p>For millions of people, social media is a component of daily life. Every day, people log onto Facebook, Twitter and other sites to read others&#39; thoughts and share their own. A recent IBM survey found that 80 percent of respondents owned a minimum of one account on a social networking site, and nearly half held accounts on media-sharing websites.</p>
<p>Considering social media&#39;s prominence, it is no wonder that businesses are increasingly interested in harnessing its power to promote their brands and increase their customers and clients. However, the IBM survey also found that most social media users do not use the medium to communicate with businesses. Of those that do, most indicated that they would not interact with a business unless they believed it was communicating honestly.</p>
<p>To overcome these obstacles and make <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> effective, Tineka Smith of Computer Business Review <a href="http://enterpriseapplications.cbronline.com/features/social-crm-service-with-a-smiley-260412" target="_blank">argues</a> that organizations must be outgoing and innovative. It is not enough to use a social media page for press releases and standard promotions. Rather, organizations must offer incentives, such as exclusive offers and discounts, to attract individuals to their pages.</p>
<p>Additionally, she recommends business strive to create innovative campaigns that are fun and entertaining. By doing so, new users will begin to comment on and discuss the organization, yielding valuable CRM data.</p>]]></content:encoded></item>		<item><title>Hosted IVR Can Improve Customer Support, Expert Says</title><link>http://www.teletech.com/news/contact-center-technology/hosted-ivr-can-improve-customer-support-expert-says-800762326</link><pubDate>2012-04-26T16:37:33</pubDate><content:encoded><![CDATA[ <p>According to telecommunications and contact center expert Dena Skrbina, interactive voice response (IVR) <a href="http://www.teletech.com/solutions/hosted-technology" class="dnautolink">hosted technology</a> offers a means for companies to significantly improve their customer service.</p>
<p>Writing for Sys-Con, <a href="http://www.sys-con.com/node/2258143" target="_blank">Skrbina argues</a> that this is achieved by reducing the time and effort required for a caller to reach an answer, or the appropriate representative. She notes that traditional, menu-based call service requires the customer to wait through long lists of options, then attempt to match the available options with his or her specific problem, which can be a formidable task.</p>
<p>IVR, on the other hand, lets the customer describe the problem him or herself, as the natural language understanding technology is able to direct the call appropriately. This saves the customer time{,} and can decrease call misrouting.</p>
<p>Additionally, by outsourcing IVR to a hosted technology provider, companies can transfer IT maintenance worries to a third party, allowing them to focus on customer service.</p>
<p>These advantages have not gone unnoticed. Last year, a Global Industry Analysts report predicted that the IVR market will reach $2.78 billion by 2017. As the report notes, technological advancements, among other factors, are driving this trend.</p>]]></content:encoded></item>		<item><title>Expert Explains CRM's High ROI</title><link>http://www.teletech.com/news/customer-management/expert-explains-crm-s-high-roi-800761269</link><pubDate>2012-04-25T16:48:23</pubDate><content:encoded><![CDATA[ <p>In November of 2011, Nucleus Research released a study that concluded customer relationship management (CRM) offers a return of $5.60 for every $1 companies invest. Recently, Adam Honig <a href="http://blogs.innoveer.com/2012/04/18/crm-roi-nucleus-research/" target="_blank">interviewed</a> Rebecca Wetteman, vice president of research for Nucelus, to discuss how CRM&nbsp;can offer such a high ROI.</p>
<p>According to Wetteman, one of the keys to companies seeing such a high ROI&nbsp;is that it is being deployed in far more capacities now than when it was first developed. Initially, companies used CRM for limited purposes, such as sales and marketing. In recent years, however, companies realized that CRM can apply to a wide range of departments and applications, including market research and customer service. Consequently, businesses are gaining more value from the tool without spending more money.</p>
<p>This concept was recently highlighted by Sci-Tech Today. The source spoke to several business leaders about the benefits they gained from CRM. Mike Snyder of Sonoma singled out <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a>, claiming that it significantly improves an organization&#39;s ability to develop relationships with existing and potential customers through social media networks.</p>]]></content:encoded></item>		<item><title>Expert: Social CRM Should Span Entire Company</title><link>http://www.teletech.com/news/customer-management/expert-social-crm-should-span-entire-company-800761252</link><pubDate>2012-04-25T16:46:25</pubDate><content:encoded><![CDATA[ <p>In order to be effective, social customer relationship management (CRM) must be implemented organization-wide, rather than departmentally, according to CRM expert Lloyd Gofton.</p>
<p>Writing for Business 2 Community, <a href="http://www.business2community.com/social-media/social-crm-stop-thinking-about-ownership-and-start-thinking-about-culture-change-0161805" target="_blank">Gofton notes</a> that companies&#39; marketing and customer support departments often debate which of them &quot;owns&quot; the organization&#39;s social media, in order to claim a greater portion of the company&#39;s budget. This, Gofton argues, is detrimental, as it limits the potential effectiveness of <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a>.</p>
<p>Instead, Gofton believes companies should strive to institute a social CRM philosophy that spans across the company, incorporating many departments to improve the overall deployment of the technology. Such a policy can allow social CRM to operate on all levels, and for staff from different areas to collaborate to the company&#39;s overall greater benefit. Above all else, Gofton writes, the focus should always be on the customer.</p>
<p>The question of how best to use social CRM is likely to become increasingly important in the future. In a recent study, Gartner found that CRM is CEOs&#39; &quot;favorite IT capability.&quot; Discussing this result, Jorge Lopez, vice president and distinguished analyst at Gartner, concluded that this is due to CRM&#39;s ability to improve customer retention. As Gofton argues, however, only collaborative deployment of social CRM can lead to an optimal customer experience.</p>]]></content:encoded></item>		<item><title>Expert Sees Ecommerce, Social Media Driving CRM</title><link>http://www.teletech.com/news/customer-management/expert-sees-ecommerce-social-media-driving-crm-800759352</link><pubDate>2012-04-24T07:50:09</pubDate><content:encoded><![CDATA[ <p>When customer relationship management (CRM) first came into existence in the 1980s, it was primarily seen as a means of improving contact management, according to Destination CRM. Eventually, CRM developed to focus more on customer support. Now, a number of experts believe ecommerce and social media are driving the next stage in the evolution of CRM, according to TechTarget.</p>
<p>Gene Alvarez, for example, a research vice president and ecommerce analyst at Gartner, <a href="http://searchcrm.techtarget.com/news/2240148910/E-commerce-social-media-driving-CRM-experts-say" target="_blank">explained</a> that the rise of social media places extra pressure on organizations to make a positive first impression with customers. In the past, consumers were limited in their retail options, as well as their means of disseminating their displeasure with a company. Now, a dissatisfied customer can quickly and easily tell thousands of people about his bad experience by posting on social media, and he can switch to a different online store.</p>
<p>These major shifts in the world of retail force companies to use CRM in different ways. Specifically, they need to communicate with their customers via social media networks, and to use CRM-gathered data to improve their customer support and other services.</p>]]></content:encoded></item>		<item><title>CRM offers multitude of benefits, experts say</title><link>http://www.teletech.com/news/customer-management/crm-offers-multitude-of-benefits-experts-say-800759220</link><pubDate>2012-04-23T17:41:34</pubDate><content:encoded><![CDATA[ <p>The customer relationship management (CRM) market is growing. Increasingly, businesses use the technology for purposes beyond sales, including market research and advertising. Organizations can use <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> to improve their customer support. Last year, Gartner estimated that social CRM would be a $1 billion market by 2012, and the&nbsp; market for CRM in general is even greater.</p>
<p>As CRM continues to evolve, its potential applications increase. To highlight the new ways in which organizations are using CRM, <a href="http://www.sci-tech-today.com/story.xhtml?story_id=030003CLRBK6&amp;page=1" target="_blank">Sci-Tech Today recently spoke</a> to a number of CRM experts to determine what uses they were discovering for the technology.</p>
<p>Barry Givens of Avanade claimed that CRM solutions are &quot;absolutely essential&quot; to combining the resources needed to successfully market, sell, and deliver products and services. Unlike older CRM, which was used exclusively to analyze data in the wake of a business&#39; success or failure, current CRM solutions allow different departments to access vital information as work is being done, which lets them collaborate together to improve business processes.</p>
<p>Mike Snyder of Sonoma highlighted the value of social CRM. According to Snyder, this technology is critical for managing the relationships a business develops with potential and existing customers among social media networks, a critical component of modern marketing and customer service.</p>]]></content:encoded></item>		<item><title>Simplicity key to successful CRM, expert claims</title><link>http://www.teletech.com/news/customer-management/simplicity-key-to-successful-crm-expert-claims-800757220</link><pubDate>2012-04-20T07:41:36</pubDate><content:encoded><![CDATA[ <p>When used optimally, customer relationship management (CRM) can be an extremely powerful business tool. By providing detailed data on an organization&#39;s potential and existing clients, CRM can improve a company&#39;s retail abilities, customer support, technical support and more. A recent study from Nucleus Research concluded that by investing in CRM, companies see an average return of $5.60 for every dollar they spend.</p>
<p>However, not all companies are successful in implementing CRM. Without an understanding of how to take advantage of its offerings, organizations may struggle to effectively use the information CRM provides.</p>
<p>Writing for Forbes, CRM expert Gene Marks <a href="http://www.forbes.com/sites/quickerbettertech/2012/04/16/the-secret-to-successful-crm/2/" target="_blank">recently argued</a> that simplicity is the key to success. At its core, CRM is essentially a database, he maintains, and a database is only useful as long as it is accessible.</p>
<p>To emphasize this point, Marks provides the example of a client of his who wanted nothing more than four reports delivered regularly. This was the only information he needed to improve his sales team&#39;s performance.</p>
<p>According to Marks, the key to successful CRM is customizing the information to ensure it is easy for the client to access and understand.</p>]]></content:encoded></item>		<item><title>Outbound IVR can provide competitive edge, improve customer support</title><link>http://www.teletech.com/news/contact-center-technology/outbound-ivr-can-provide-competitive-edge-improve-customer-support-800756364</link><pubDate>2012-04-19T11:27:59</pubDate><content:encoded><![CDATA[ <p>The advantages of interactive voice response (IVR) are well established within the telecommunications industry. Among other benefits, it can provide a high degree of service to callers, freeing contact center agents to handle more demanding tasks.</p>
<p>However, while many companies take advantage of IVR in the contact center, far fewer use another of IVR&#39;s most useful abilities: outbound services.</p>
<p>As a leading telecommunications company <a href="http://docs.media.bitpipe.com/io_10x/io_104142/item_519106/Leveraging-Outbound_IVR_SMS_whitepaper-2-2.pdf" target="_blank">recently highlighted</a>, outbound IVR can provide a significant competitive edge to businesses. It has the potential to integrate different support channels into a single platform, including SMS and social media. Additionally, it can easily be customized to offer personalized interactions. This makes IVR&nbsp;more likely to effectively deliver a company&#39;s message than less responsive forms of automated dialing.</p>
<p>As TMC Net&#39;s Stefania Viscusi <a href="http://outbound-call-center.tmcnet.com/topics/outbound-call-center/articles/59177-contact-centers-advancing-with-outbound-ivr.htm" target="_blank">points out,</a> outbound IVR can also improve customer service. By contacting customers to inform them of upcoming appointments or other reminders, as well as sales and promotions, she writes, outbound IVR offers the potential for an improved customer experience.</p>]]></content:encoded></item>		<item><title>Social media calls for new tactics in the contact center</title><link>http://www.teletech.com/news/customer-management/social-media-calls-for-new-tactics-in-the-contact-center-800755149</link><pubDate>2012-04-18T08:08:16</pubDate><content:encoded><![CDATA[ <p>Industry experts widely agree that social media will play a significant role in the future of call centers. An increasing number of consumers, particularly young people, expect retailers to offer social media-based customer support, according to a recent TNS study, and there is little sign of this trend abating.</p>
<p>Because social media customer service differs significantly from more familiar channels, it requires new service agent tactics. As Frost &amp; Sullivan <a href="http://www.prnewswire.com/news-releases/frost--sullivan-understanding-social-media-strategies-impacting-todays-contact-centers-147588425.html" target="_blank">recently highlighted</a>, there are several challenges inherent in the form, such as anonymity cloaking consumers and security concerns. Additionally, because most conversations are available to the public, contact center agents must adopt different tones and approaches when responding to consumers.</p>
<p>For these reasons, Frost &amp; Sullivan advises contact centers to create a single department to handle all customer engagement strategies.</p>
<p>This recommendation echoes a recent Interactive Intelligence Group report on social media in the contact center. They ultimately supported a strategy in which the marketing department, which presumably has more social media experience, works closely with customer support staff to improve a company&#39;s overall handling of social media interaction.</p>]]></content:encoded></item>		<item><title>Customer-centric call quality sheets can improve contact center service</title><link>http://www.teletech.com/news/customer-management/customer-centric-call-quality-sheets-can-improve-contact-center-service-800755148</link><pubDate>2012-04-18T08:05:24</pubDate><content:encoded><![CDATA[ <p>Customer support is important, and can make the difference between losing and retaining a customer. According to a Harris Interactive study of more than 2,000 consumers, 85 percent of respondents indicated they would pay more money to ensure quality customer service. The study also found that 79 percent of participants who had a bad experience with a company went on to tell others about the incident.</p>
<p>To help improve their level of customer service, many contact centers use call quality sheets to help guide their customer support agents. Theoretically, these sheets ensure that the caller receives an optimal customer experience. As Jack A. Dempsey of Business 2 Community <a href="http://www.business2community.com/customer-experience/help-your-customer-service-agents-boost-net-promoter-score-0160937" target="_blank">points out</a>, however, these call sheets are centered solely on the agent, rather than the customer, too often. Consequently, a call may score perfectly on a call quality sheet, yet still leave the client unsatisfied.</p>
<p>Dempsey recommends businesses rely instead on customer-centric call quality sheets. Rather than asking questions like &quot;Did the agent say &#39;thank you for calling?&#39;&quot; or &quot;Did the agent mention the company&#39;s name?&quot; he advises companies to create sheets with questions such as &quot;Did the agent respond with enthusiasm?&quot; and &quot;Did the agent listen for a complete understanding of the reason for the call?&quot;</p>
<p>With this customer-centric focus, call sheets will guide agents to provide a more satisfying customer experience for callers.</p>]]></content:encoded></item>		<item><title>Businesses can turn negative social media commenters into loyal customers</title><link>http://www.teletech.com/news/customer-management/businesses-can-turn-negative-social-media-commenters-into-loyal-customers-800754234</link><pubDate>2012-04-17T10:44:24</pubDate><content:encoded><![CDATA[ <p>No business wants to receive negative feedback from its customers, and many are particularly dismayed to see bad reviews or comments made on their public social media pages. However, as J-P De Clerck <a href="http://www.business2community.com/strategy/treat-bad-customer-reviews-as-good-friends-0157377" target="_blank">recently pointed out</a> in Business 2 Community, businesses can benefit by viewing negative feedback as an opportunity to win over a lost consumer by demonstrating excellent customer support.</p>
<p>De Clerck cites a recent study by Harris Interactive that found customers who leave negative comments on a social media pages&nbsp;tend to respond favorably when their feedback receives a response. Of the more than 2,500 respondents surveyed, 68 percent of those who posted a negative review following a bad experience with an online retailer received a response from the company in question. Of those, 34 percent deleted their original negative reviews, 33 percent wrote positive reviews and 18 percent bought more merchandise from the retailer.</p>
<p>As De Clerck argues, this data shows how a company can turn a negative review into a satisfied customer by demonstrating concern for the customer experience.</p>
<p>He further argues that even if they do not respond to negative feedback, companies should not hide its existence. According to De Clerck, consumers become suspicious when they see only positive feedback on a company&#39;s social media page, which may cause them to distrust genuinely favorable reviews.</p>]]></content:encoded></item>		<item><title>Customer support, marketing departments should unite to integrate social media in the contact center</title><link>http://www.teletech.com/news/customer-management/customer-support-marketing-departments-should-unite-to-integrate-social-media-in-the-contact-center-800753898</link><pubDate>2012-04-16T16:38:18</pubDate><content:encoded><![CDATA[ <p>Social media advertising and promotion has rapidly established itself as a critical component of many companies&#39; marketing strategies. A recent ClickZ News survey of advertising agencies found that seven of eight respondents&#39; clients&#39; spending on social media had either doubled or increased significantly in January of 2012 relative to January 2011. Additionally, 50 percent of those surveyed indicated that the majority of their clients had purchased advertising on Facebook in the last year.</p>
<p>However, while social media is now a major component of most promotional strategies, customer support departments have yet to widely adopt it. That is why Interactive Intelligence Group&#39;s recent report, &quot;A Realistic Look at Social Media and the Contact Center,&quot; <a href="http://www.idgconnect-resources.com/rt.asp?I=439F8X1F7CDX7&amp;L=657677" target="_blank">recommends</a> that organizations interested in implementing social media into their contact centers make use of their marketing departments, as well as their customer service staff.</p>
<p>With their higher degree of experience in the medium, advertising executives can play a key role in shepherding social media processes into the contact center. By leaving marketers in charge of the early stages (responding to customer requests and comments on social media platforms) and gradually transferring responsibility to support staff, companies can ensure they are ultimately able to provide a high-quality social media-based customer experience at every level.</p>
<p>&nbsp;</p>]]></content:encoded></item>		<item><title>Customer support, marketing departments should unite to integrate social media in the contact center</title><link>http://www.teletech.com/news/contact-center-technology/customer-support-marketing-departments-should-unite-to-integrate-social-media-in-the-contact-center-800753898</link><pubDate>2012-04-16T16:38:18</pubDate><content:encoded><![CDATA[ <p>Social media advertising and promotion has rapidly established itself as a critical component of many companies&#39; marketing strategies. A recent ClickZ News survey of advertising agencies found that seven of eight respondents&#39; clients&#39; spending on social media had either doubled or increased significantly in January of 2012 relative to January 2011. Additionally, 50 percent of those surveyed indicated that the majority of their clients had purchased advertising on Facebook in the last year.</p>
<p>However, while social media is now a major component of most promotional strategies, customer support departments have yet to widely adopt it. That is why Interactive Intelligence Group&#39;s recent report, &quot;A Realistic Look at Social Media and the Contact Center,&quot; <a href="http://www.idgconnect-resources.com/rt.asp?I=439F8X1F7CDX7&amp;L=657677" target="_blank">recommends</a> that organizations interested in implementing social media into their contact centers make use of their marketing departments, as well as their customer service staff.</p>
<p>With their higher degree of experience in the medium, advertising executives can play a key role in shepherding social media processes into the contact center. By leaving marketers in charge of the early stages (responding to customer requests and comments on social media platforms) and gradually transferring responsibility to support staff, companies can ensure they are ultimately able to provide a high-quality social media-based customer experience at every level.</p>
<p>&nbsp;</p>]]></content:encoded></item>		<item><title>Social CRM can improve customer service, expert explains</title><link>http://www.teletech.com/news/customer-management/social-crm-can-improve-customer-service-expert-explains-800753350</link><pubDate>2012-04-16T12:16:36</pubDate><content:encoded><![CDATA[ <p>Speaking on the Small Business Advocate radio show, business technology expert Raymon Ray recently highlighted the ways in which an organization can use <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> not just for marketing, but also to improve the quality of its customer support, Business Insider reports.</p>
<p><a href="http://www.businessinsider.com/how-social-networks-can-shake-up-crm--a-radio-interview-with-ramon-ray-and-jim-blasingame-2012-4" target="_blank">As Ray explained</a>, by using social CRM, a company can learn a significant amount about its customers without relying on surveys or interacting with consumers directly. By making use of social media platforms that encourage discussion, such as Facebook and Twitter, and implementing social CRM software and practices, companies can learn how particular clients feel toward the company and its products and services.</p>
<p>This information can be pooled together in a database and made available to customer support staff. As a result, contact center agents will have a much clearer idea of the best means of responding to that client&#39;s call or email, and can provide better overall support.</p>
<p>High quality customer care can play a major role in determining a company&#39;s success. Last year, WaterRemarks looked at the stock performance of companies with high-rated customer service. It found that these companies outperformed the general stock market by 23 percent.</p>]]></content:encoded></item>		<item><title>Satisfaction leads to loyalty for news and entertainment websites</title><link>http://www.teletech.com/news/customer-management/satisfaction-leads-to-loyalty-for-news-and-entertainment-websites-800752963</link><pubDate>2012-04-13T16:52:20</pubDate><content:encoded><![CDATA[ <p>A new survey has found that satisfaction with customer experience plays a major role in determining the future behavior of a news&nbsp;or entertainment websites&#39; visitors.</p>
<p><a href="http://www.marketwatch.com/story/research-shows-consumers-satisfaction-increases-loyalty-on-entertainment-and-news-sites-2012-04-12" target="_blank">The study</a>, which included surveys from more than 50,000 consumers, found that a user&#39;s degree of satisfaction with a news or entertainment website would significantly impact whether he or she would visit that website again in the future, or recommend the website to others. Satisfied users were 43 percent more likely to revisit a website than unsatisfied users and 77 percent more likely to recommend the website to a friend, colleague or family member, both of which actions can help a website&nbsp;increase its visitor count and sell advertising space.</p>
<p>Additionally, satisfied visitors were more likely to give money directly to the websites. For websites offering paid subscriptions for increased content, satisfied visitors were 73 percent more likely than unsatisfied users to subscribe to the full site. Even more notably, a satisfying customer experience led to a 147 percent increased likelihood of clicking on an advertisement.</p>
<p>For websites interested in improving their visitors&#39; experience, Inc.com recommends a number of best practices. One of the most important is asking for feedback and responding to it quickly. Inc.com also advises websites to personalize their content and displays, and to test features to ensure they work as intended.</p>]]></content:encoded></item>		<item><title>Germany Emerges as Energy Outsourcing Hub</title><link>http://www.teletech.com/news/enterprise-management/germany-emerges-as-energy-outsourcing-hub-800752538</link><pubDate>2012-04-13T14:00:00</pubDate><content:encoded><![CDATA[ <p>The emerging knowledge-based economy is demanding greater investment in education and workplace training. As this trend unfolds, organizations are placing added stress on their ability to innovate, underscoring the importance of research and development.</p>
<p>That&#39;s where outsourcing comes in. As not all companies have the resources to devote the needed brainpower to innovate and development new products on a consistent basis, hosted services are stepping in to fill demand.</p>
<p>This is especially apparent in the clean energy market. Leaders such as Germany are beginning to offer expertise and services to developing economies, reflecting a reversal of the traditional outsourcing model. China, for example, is one of the largest investors in German wind power production.</p>
<p>Jade Werke, a Chinese subsidiary, will begin production of steel fundaments for offshore wind parks in Germany early next year. The company is also investing EUR 50 million in a production plant in Wilhelmshaven, with construction planned to begin this summer.</p>
<p>&quot;There are still technical hurdles, and the biggest challenge remains upgrading the energy grid,&quot; said Anne Braeutigam, wind energy expert at Germany Trade &amp; Invest. &quot;Given the current market conditions and new financing and R&amp;D programs, it&#39;s an excellent time for companies to invest in Germany to help resolve these remaining issues.&quot;</p>]]></content:encoded></item>		<item><title>Value of Global Outsourcing Contracts Waned Slightly in First Quarter</title><link>http://www.teletech.com/news/enterprise-management/value-of-global-outsourcing-contracts-waned-slightly-in-first-quarter-800751501</link><pubDate>2012-04-13T08:00:00</pubDate><content:encoded><![CDATA[ <p>Global outsourcing activity appears to have slowed in the first quarter, although the overall markets continues to show strong growth. According to the most recent Global TPI Index from Information Services Group, the total contract value (TCV) for outsourcing deals dipped 22 percent from a year ago to reach $18.7 billion. The figure was down 35 percent from the previous quarter.</p>
<p>Furthermore, ISG reported 184 contracts were awarded during the January-March period, reflecting a 31 percent year-over-year drop and a 18 percent quarterly decline. One of the reasons growth was slower in the first quarter is that only one so-called &quot;mega-deal&quot; was completed, which is defined as a contract valued at more than $1 billion.</p>
<p>The first quarter data stems a record-setting second half of 2011, in which global TCV increased 29 percent year-over-year to a reach record $55.8 billion.</p>
<p>&quot;This first-quarter slowdown follows the strongest half for outsourcing in a decade, making for difficult comparisons,&quot; said John Keppel, partner and president of research and managed services at ISG. &quot;We saw this same hangover effect in early 2010 as well as in early 2006. So there is historical precedent for the industry taking a breather after two robust periods.&quot;</p>]]></content:encoded></item>		<item><title>Businesses should strive to provide high quality customer experience throughout customer lifecycle</title><link>http://www.teletech.com/news/customer-management/businesses-should-strive-to-provide-high-quality-customer-experience-throughout-customer-lifecycle-800752134</link><pubDate>2012-04-13T07:47:21</pubDate><content:encoded><![CDATA[ <p>Customer retention is a critical factor in determining a business&#39;s success or failure, as struggling to constantly replace customers can be a major drain on a company. One of the primary reasons why businesses tend to lose clients is because of customer service. According to a U.S. Small Business Administration and U.S. Chamber of Commerce study, 68 percent of consumers cited dissatisfaction with the way they were treated as their reason for abandoning a business.</p>
<p>To avoid succumbing to this statistic, Kerry Bodine, a vice president and principal analyst at Forrester Research, recommends organizations&nbsp;work to ensure a quality customer experience throughout the customer lifecycle, not solely at the beginning. The customer lifecycle includes every step of a consumer&#39;s experience with a company - evaluating a product or service, purchasing it, using it and seeking support in the event of a problem.</p>
<p>She <a href="http://www.1to1media.com/weblog/2012/04/boom_wow_wow_wow_boom_does_you.html" target="_blank">compares</a> this sequence to a dramatic arc, arguing that as a good film with a disappointing ending leaves the viewer dissatisfied, a client who has a disappointing experience with a company will harbor negative feelings and likely move on to another business.</p>
<p>By providing a consistently high level of customer care, businesses can improve customer satisfaction and retention.</p>]]></content:encoded></item>		<item><title>Philippines IT-BPO Market Enjoys Robust Growth Outlook</title><link>http://www.teletech.com/news/enterprise-management/philippines-it-bpo-market-enjoys-robust-growth-outlook-800750514</link><pubDate>2012-04-12T08:00:00</pubDate><content:encoded><![CDATA[ <p>For several years, the Philippines has been one of the most high-growth markets in the global business process outsourcing (<a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">BPO</a>) sector. The country is now the chief competitor to India in the supply of services to clients in the U.S. and Europe, boasting a substantial English-speaking population with a growing educated class.</p>
<p>Leading the Filipino BPO sector is a market-wide focus on information technology. This week, the Business Processing Association of the Philippines (BPAP) reported the IT-BPO industry employed 638,000 people by the end of last year - 22 percent more than in 2010.</p>
<p>Now it is optimistic it will reach revenues of $25 billion by 2016, making for a compounded annual growth rate (CAGR) of 20 percent and a 9 percent share of the total Filipino economy. It would also account for 10 percent of the global IT-BPO market.</p>
<p>&quot;We hit the targets projected in our Road Map 2016,&quot; said BPAP president Benedict Hernandez in a statement. &quot;This is a good start to our five-year plan to grow at an average of 20 percent a year - above the projected global annual growth rates of 10-15 percent.&quot;</p>]]></content:encoded></item>		<item><title>Organizations should utilize social media for enhanced customer support</title><link>http://www.teletech.com/news/customer-management/organizations-should-utilize-social-media-for-enhanced-customer-support-800751100</link><pubDate>2012-04-12T07:42:29</pubDate><content:encoded><![CDATA[ <p>It is rapidly becoming standard for businesses to use social media as a means of improving their marketing and promotional campaigns. According to Forbes&#39; Eric Savitz, however, many businesses miss another significant benefit of social media platforms: the ability to provide improved customer support.</p>
<p><a href="http://www.forbes.com/sites/ciocentral/2012/04/10/social-customer-service-dont-compete-against-machines/2/" target="_blank">Savitz argues</a> that social media-based customer service can improve a company&#39;s response times while reducing individual service agent&#39;s workloads. As a result, customer satisfaction will grow, resulting in more loyal clients.</p>
<p>This is possible, he writes, because social support uses a variety of different forms of customer service. Users can often find the information they seek by viewing others&#39; resolved cases, or even by contacting each other directly. When a new question is posed and remains unanswered by other users, social-based programs can alert the service agents, ensuring that no issues are inadvertently overlooked.</p>
<p>The importance of using social media for customer service is further emphasized by the fact that consumers, particularly young ones, increasingly expect it as an option. A recent TNS study of consumers in the UK found that 15 percent of 16 to 24 year olds choose social media-based customer service over any other method. Only 8 percent of 25 to 34 year olds and 3 percent of 35 to 44 year olds feel the same way.</p>
<p>&nbsp;</p>]]></content:encoded></item>		<item><title>CRM analytics can improve company's marketing efforts</title><link>http://www.teletech.com/news/customer-management/crm-analytics-can-improve-company-s-marketing-efforts-800751095</link><pubDate>2012-04-12T07:40:11</pubDate><content:encoded><![CDATA[ <p>CRM is widely acknowledged as a critical tool for improving and guiding a business&#39;s interactions with its clients, and for targeting new potential customers. Companies, seeing the value of CRM and other, similar tools, are investing heavily in business intelligence, a market that, according to Gartner, is growing at a rate of 9 percent annually.</p>
<p>However, as <a href="http://spotfireblog.tibco.com/?p=11223" target="_blank">Tibco recently highlighted</a>, one benefit to CRM is often overlooked: determining whether a particular customer is worth retaining.</p>
<p>While it may seem counterintuitive, a business does not always benefit from gaining a customer. Sometimes, the costs associated with either acquiring or maintaining a client outweigh the benefits of his or her patronage. However, it can be difficult to accurately gauge which customers will ultimately prove to be drains on a business.</p>
<p>As Tibco points out, CRM analytics can provide valuable insight in this area. With a variety of metrics and data analysis functions, CRM analytics&nbsp;can produce a fairly accurate impression of how much revenue a company can expect to see from a given client. This can then be compared to the costs associated with obtaining or maintaining the customer - time spent on the phone by contact center agents, postage for mailings and so on - to determine if the client is worth the investment.</p>]]></content:encoded></item>		<item><title>Customer care key to retaining grocery store customers</title><link>http://www.teletech.com/news/customer-management/customer-care-key-to-retaining-grocery-store-customers-800750924</link><pubDate>2012-04-11T16:51:29</pubDate><content:encoded><![CDATA[ <p>Consumer Reports&#39; latest survey of grocery store customer satisfaction and habits has found that customer satisfaction, or lack thereof, plays a critical role in determining whether a shopper switches to another store.</p>
<p><a href="http://www.prnewswire.com/news-releases/wegmans-trader-joes-publix--fareway-top-consumer-reports-supermarket-ratings-145891925.html" target="_blank">The survey</a> polled more than 24,000 Consumer Reports readers about their recent grocery store shopping habits, collecting information from more than 42,000 supermarket experiences. In total, one-third of respondents indicated that they had switched grocery stores. Unsurprisingly, the pursuit of lower priced food and merchandise was the primary factor driving shoppers from one store to another.</p>
<p>However, the survey found that the quality of the customer experience was also a major deciding factor. Approximately one-fourth of those who changed stores did so because of poor selection, poor quality food or long waits for checkout services. Another 17 percent cited employee rudeness as their reason for switching.</p>
<p>These results align with those of a recent British study that found 88 percent of participants claimed they would leave a store without purchasing anything if the service did not meet their standards.</p>
<p>Both studies suggest that if shoppers have options, customer experience will play an important role in customer retention.</p>]]></content:encoded></item>		<item><title>British companies failing to provide satisfactory online customer experience</title><link>http://www.teletech.com/news/customer-management/british-companies-failing-to-provide-satisfactory-online-customer-experience-800749846</link><pubDate>2012-04-10T16:40:15</pubDate><content:encoded><![CDATA[ <p>A new study has found that British companies are coming up short when it comes to providing quality online customer service options.</p>
<p><a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/04/04/prweb9366817.DTL" target="_blank">The study</a>, conducted by Dynamic Markets, surveyed more than 2,000 businesses and customers throughout Britain. It found that only 7 percent of participating businesses offer an online live chat function for customers looking to contact them quickly via the internet. However, despite the small number of organizations offering the service, the study found that live chat was used by 28 percent of surveyed consumers in the past year. This indicates that customers will largely choose this option whenever it is presented to them.</p>
<p>However, the study also found that British firms oftentimes offer poor quality when it comes to traditional phone-based customer support. Nearly three-fourths of those surveyed indicated that their biggest complaint was a long delay while waiting on the phone for service. This suggests that by improving their contact center capabilities and training, British firms may be better able to provide satisfactory customer experiences.</p>]]></content:encoded></item>		<item><title>B-to-B vendors benefiting from social CRM</title><link>http://www.teletech.com/news/customer-management/b-to-b-vendors-benefiting-from-social-crm-800749836</link><pubDate>2012-04-10T16:37:46</pubDate><content:encoded><![CDATA[ <p>A <a href="http://www.marketwatch.com/story/research-finds-supply-chain-vendors-slow-to-adopt-use-of-social-media-to-engage-with-customers-for-crm-2012-04-04" target="_blank">new survey</a> has found that business-to-business (B-to-B) suppliers and vendors that use <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> see significant benefits. However, the same survey also showed the practice is not yet widespread within the industry.</p>
<p>Conducted by IDG Research Services, the study surveyed 150 participants from a variety of B-to-B sectors on their perception of the use of social media for CRM purposes by their vendors and suppliers. The results indicate that far too few B-to-B suppliers currently use social CRM, but those that are reap sizable advantages. Approximately one-third of respondents indicated they would perceive their supply chain vendors in a more positive light if those vendors used social media.</p>
<p>The survey also found that more than 40 percent of respondents rely on social media to monitor industry trends and news, as well as to stay up-to-date for information on their vendors. Consequently, those vendors that used social media were better able to engage with their customers, creating more open communication channels and a better customer experience.</p>
<p>The results of this survey are further buoyed by another recent study concerning buyers and social media practices. Supply Management polled 100 buyers as to whether they use social media to perform their day jobs, and more half indicated that they do.</p>]]></content:encoded></item>		<item><title>Report: Manufacturing Outsourcing Among US Pharma Companies to Rise</title><link>http://www.teletech.com/news/enterprise-management/report-manufacturing-outsourcing-among-us-pharma-companies-to-rise-800749259</link><pubDate>2012-04-10T14:00:00</pubDate><content:encoded><![CDATA[ <p>The global pharmaceutical industry continues to grow, forcing market leaders to increase respective investments in research and development (R&amp;D), innovation and other core processes. Increasingly, outsourcing is seen as a driver of both cost reduction and process improvement.</p>
<p>Earlier this year, Nice Insight reported that big pharmaceutical companies are currently outsourcing more than biotechnology firms. And this week, research service Frost &amp; Sullivan released a report showing a major leap in contract manufacturing outsourcing (CMO) in the U.s. pharmaceutical sector.</p>
<p>Specifically, the market earned revenues of $10.73 billion last year and estimates this to reach $15.97 billion in 2016, making for a compound annual growth rate (CAGR) of 8.3 percent.</p>
<p>&quot;The continued expansion of the U.S. pharmaceuticals industry and the big pharma&#39;s increased outsourcing to improve cost structure and focus on core competencies will significantly augment the market&#39;s revenue growth,&quot; said Frost &amp; Sullivan consultant Jesse Sullivan. &quot;The pharmaceutical companies that had used their excess capacity during the downturn to retain in-house manufacturing are expected to gradually outsource as the economy improves.&quot;</p>
<p>The positive outlook comes even as U.S. firms reported an overall dip in R&amp;D investment between 2010 and 2011. This may slow the pace of pharmaceutical outsourcing in coming years.</p>]]></content:encoded></item>		<item><title>Demand for Debt Collection Services Reaches Outsourcing Industry</title><link>http://www.teletech.com/news/enterprise-management/demand-for-debt-collection-services-reaches-outsourcing-industry-800748437</link><pubDate>2012-04-10T08:00:00</pubDate><content:encoded><![CDATA[ <p>The accounts receivable management (ARM) industry has noted considerable upticks in demand in recent years, as the global economic downturn forced consumers and businesses to rely on credit to finance their spending.</p>
<p>This, in turn, led to a swelling of debt loads, particularly in the U.S. and Canada. In order to recover these debts, many collectors and indebted organizations have turned to business process outsourcing.</p>
<p>Ron Rittenmeyer, an expert in the field of outsourcing and accounts receivable management, recently told Forbes magazine that key to successful outsourcing of debt collection is developing a strategy for how processes are hosted.</p>
<p>&quot;Not only what you do - not just having an expectation to perform - but how you perform. Why are these laws being written?&quot; Rittenmeyer told the source. &quot;And why is [ARM] becoming an area of interest for government regulators and various other groups? I think it&#39;s because people realize that there are individuals out there who are having [financial] problems.&quot;</p>
<p>Managers need to create teams of professionals who are able to provide services that the industry provides, and to have a level of &quot;granularity&quot; in how they approach a problem, which means understanding that one size does not fit all, he added.</p>]]></content:encoded></item>		<item><title>Treating current customers well best way to increase online following</title><link>http://www.teletech.com/news/customer-management/treating-current-customers-well-best-way-to-increase-online-following-800748892</link><pubDate>2012-04-09T17:01:55</pubDate><content:encoded><![CDATA[ <p>All businesses realize that providing a satisfying customer experience is vital to achieving success. Most businesses are also aware that using social media for <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> can be an extremely valuable tool for building a customer base. However, as FoxBusiness recently emphasized, sometimes organizations see a conflict between these two areas - even when no such conflict exists.</p>
<p>Speaking to FoxBusiness, marketing consultant Peter Shankman <a href="http://smallbusiness.foxbusiness.com/technology-web/2012/04/04/your-facebook-fans-may-like-but-do-really-like/" target="_blank">explained</a> that as businesses become caught up in the importance of increasing their number of followers on social media sites such as Facebook and Twitter, they sometimes lose sight of an even more important audience: their pre-existing customer base.</p>
<p>Shankman further explained that businesses would be better served by focusing on delivering a top quality customer experience to those who have been fans of the company for a long time, as this will lead to word of mouth recommendations that are more persuasive than even the most effective marketing campaign. &quot;If you focus on the customers you have, new fans will follow,&quot; he said.</p>
<p>These strategies are becoming even more important as companies learn to appreciate just how big an effect customer experience has on a business&#39;s success. A recent study estimated that top British companies may each lose as much as &pound;100 million annually as a result of providing poor quality customer service.</p>]]></content:encoded></item>		<item><title>VoIP improves quality and cost of emergency calling</title><link>http://www.teletech.com/news/contact-center-technology/voip-improves-quality-and-cost-of-emergency-calling-800746842</link><pubDate>2012-04-06T17:00:34</pubDate><content:encoded><![CDATA[ <p>Not only does the use of voice over internet protocol (VoIP) technology save money for providers of emergency call services - it can also improve quality.</p>
<p>Writing for Voxilla, Marcelo Rodriguez <a href="http://voxilla.com/2012/04/03/e911-over-ip-voip-makes-emergency-calls-much-cheaper-much-better/" target="_blank">recently highlighted</a> the benefits of VoIP emergency calling services. He argues that while some people hold the mistaken impression that Emergency 911 is not compatible with VoIP, the truth of the matter is that the two work extremely well together, and have for many years now. He further claims that VoIP-specific Emergency 911 can oftentimes provide a wider range of services than larger, more stationary carriers.</p>
<p>As Government Technology reported earlier this year, many 911 call providers agree with Rodriguez&#39;s assessment. Citing the advantages offered by VoIP, such as flexibility and affordability, many 911 call providers have begun to transition to VoIP as soon as their current contracts expire.</p>
<p>That report also highlighted a particular case which effectively illustrates one of the key benefits of VoIP for emergency call services. The previous summer, a construction crew in St. Louis Park, Minnesota, accidentally severed fiber-optic cables, which shut down the city&#39;s public safety answer points (PSAPs).</p>
<p>However, because the city had made the transition to VoIP service, the call traffic was rerouted to a neighboring city&#39;s emergency response system. The only immediate consequence was a 30-minute lack of service, which the PSAP&nbsp;manager, Lt. Lori Dreier, called &quot;fantastic for an unplanned event.&quot;</p>]]></content:encoded></item>		<item><title>Trends and Best Practices in HR Outsourcing</title><link>http://www.teletech.com/news/enterprise-management/trends-and-best-practices-in-hr-outsourcing-800747386</link><pubDate>2012-04-06T14:00:00</pubDate><content:encoded><![CDATA[ <p>Making the decision to outsource even a single business process can be a monumental task. It&#39;s understandable that some managers and decision-makers, especially traditional ones, are reluctant to entrust foreign service providers with specific operations, but this prospect is increasingly seen as a best practice.</p>
<p>One of the most active markets for outsourcing is in human resources. The global economic recession took quite a toll on labor markets worldwide. Consequently, employers have suffered talent crises, high turnover rates, job dissatisfaction, recruiting challenges or some other HR-related hindrance.</p>
<p>But savvy, forward-thinking companies looked to outsourcing as a means to handle their talent and personnel demands, allowing them to focus on core practices and specialities.</p>
<p>&quot;My view is that HR should be small and lean and they need to be focusing only on business partnering and strategic and value-add activities,&quot; Christina Turner, past president of the Australian Human Resources Institute, told The Australian. &quot;Transaction needs to go to places that do transaction well. Recruitment is in many ways a transaction.&quot;</p>
<p>The transactional element of HR, Turner adds, can be a major distraction. Outsourced HR functions as a means of letting go of the nitty-gritty details to focus more on core business strategy.</p>]]></content:encoded></item>		<item><title>CRM can provide visibility to sales pipeline</title><link>http://www.teletech.com/news/customer-management/crm-can-provide-visibility-to-sales-pipeline-800746839</link><pubDate>2012-04-05T16:58:35</pubDate><content:encoded><![CDATA[ <p>The sales pipeline - the organized presentation of data used to track, analyze and forecast sales opportunities - is widely acknowledged as being a crucial component of the sales industry. However, despite this consensus, many businesses fail to invest in the tools needed to achieve visibility into the sales pipeline.</p>
<p><a href="http://www.ventanaresearch.com/executive_summaries/index.aspx?id=1157" target="_blank">A recent report</a> from Ventana Research found that 60 percent of surveyed organizations believe that sales analytics are very important to their companies, yet 46 percent indicated that they are somewhat or not at all confident in the utility of the data their analytics systems gather. Sixty-two percent of respondents stated they have trouble collecting the information they need for creating useful metrics.</p>
<p>Writing for CIO, Jeff Vance suggested that customer relationship management (CRM) may provide the solution to the problems faced by these and other businesses struggling to successfully create and take advantage of their sales pipelines. CRM, and particularly <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a>, has the ability to gather significant amounts of useful data on customers and clients, which can then be used to effectively create an accurate sales pipeline.</p>
<p>If companies are able to use CRM in a way that incentivizes their sales agents, they will quite possibly improve both efficiency and profits.</p>]]></content:encoded></item>		<item><title>Surge in Contact Center Data Highlights Importance of Security</title><link>http://www.teletech.com/news/contact-center-technology/surge-in-contact-center-data-highlights-importance-of-security-800745491</link><pubDate>2012-04-05T08:00:00</pubDate><content:encoded><![CDATA[ <p>As the outsourcing contact center market continues to grow, the volume of data that organizations are responsible for maintaining does as well. This increases demand for adequate security processes and IT infrastructures.</p>
<p>According to industry experts, well-established contact centers realize that the implementation of best practices help them stay ahead of the curve while gaining a competitive edge.</p>
<p>&quot;Generally, it is not too difficult to get hold of private information, and most systems are not secure enough to stop copies [from] being made and removed from the organization,&quot; Andrew Kellet, senior analyst of IT solutions at Ovum, told ZDNet Asia.</p>
<p>Kellet added that this has more to do with the availability and amount of data than the actual contact center environment.</p>
<p>This also highlights the importance of employee engagement and satisfaction. As Kellet explains, the risk of data theft tends to increase when agents feel undervalued or overworked.</p>
<p>The world is now much more more digital with vast amounts of consumer data housed on CRM databases. While contact centers have been around for decades, the rise in customer-centric services demands enhance security procedures.</p>]]></content:encoded></item>		<item><title>Companies must weigh advantages and disadvantages of scripting for contact center agents</title><link>http://www.teletech.com/news/customer-management/companies-must-weigh-advantages-and-disadvantages-of-scripting-for-contact-center-agents-800745795</link><pubDate>2012-04-04T16:42:35</pubDate><content:encoded><![CDATA[ <p>As many companies have discovered, excellent contact center service translates into satisfied customers, and satisfied customers translate into improved reputation and revenue. However, there are a number of key decisions that a business must make when determining the best means of achieving optimal contact center performance.</p>
<p>1to1 Magazine writer Cynthia Clark <a href="http://www.1to1media.com/view.aspx?docid=33508">recently explained</a> that one of the most significant of these decisions is whether to use scripting for contact center conversations. There are pluses and minuses to both sides of the issue, and it is up to the individual company to determine which solution is the best fit.</p>
<p>According to Clark, one of the benefits of scripting conversations is consistency. By scripting, a business can ensure that its message and policies are employed in every customer interaction. Additionally, scripting is an effective means of maintaining compliance with legal requirements, which is an important issue for businesses in healthcare and other industries.</p>
<p>However, there are benefits to non-scripting, as well. When agents converse at their own discretion, callers may feel that their customer experience is more customized, leading to greater satisfaction.</p>]]></content:encoded></item>		<item><title>Companies must weigh advantages and disadvantages of scripting for contact center agents</title><link>http://www.teletech.com/news/contact-center-technology/companies-must-weigh-advantages-and-disadvantages-of-scripting-for-contact-center-agents-800745795</link><pubDate>2012-04-04T16:42:35</pubDate><content:encoded><![CDATA[ <p>As many companies have discovered, excellent contact center service translates into satisfied customers, and satisfied customers translate into improved reputation and revenue. However, there are a number of key decisions that a business must make when determining the best means of achieving optimal contact center performance.</p>
<p>1to1 Magazine writer Cynthia Clark <a href="http://www.1to1media.com/view.aspx?docid=33508">recently explained</a> that one of the most significant of these decisions is whether to use scripting for contact center conversations. There are pluses and minuses to both sides of the issue, and it is up to the individual company to determine which solution is the best fit.</p>
<p>According to Clark, one of the benefits of scripting conversations is consistency. By scripting, a business can ensure that its message and policies are employed in every customer interaction. Additionally, scripting is an effective means of maintaining compliance with legal requirements, which is an important issue for businesses in healthcare and other industries.</p>
<p>However, there are benefits to non-scripting, as well. When agents converse at their own discretion, callers may feel that their customer experience is more customized, leading to greater satisfaction.</p>]]></content:encoded></item>		<item><title>Hosted telecommunication providers poised to take larger portion of small business market</title><link>http://www.teletech.com/news/contact-center-technology/hosted-telecommunication-providers-poised-to-take-larger-portion-of-small-business-market-800745790</link><pubDate>2012-04-04T16:40:00</pubDate><content:encoded><![CDATA[ <p><a href="http://www.insight-corp.com/reports/voip12.asp" target="_blank">A new report</a> has found that small businesses, which have already started to make the shift toward <a href="http://www.teletech.com/solutions/hosted-technology" class="dnautolink">hosted technology</a> for their telecommunications needs, will likely make a significantly larger move in that direction in the coming years.</p>
<p>The Insight Research Institute&#39;s report, &quot;VoIP and the SME: CableCos, Telcos, and the Rise of Hosted Service Models, 2011-2016,&quot; analyzed trends that attempt to predict the future of telecommunications for small businesses. The report found that while companies with less than 100 employees currently spent approximately $500 million on hosted voice over internet protocol (VoIP) in 2011, they are expected to increase that spending to around $1.2 billion by 2015.</p>
<p>As the report explains, hosted telecommunications offers a number of benefits for small businesses. Perhaps most notably, it is typically less expensive than landlines and other, older forms of telecommunication technology. Yet despite this cost decrease, industry experts largely agree that hosted technology provides a level of service that is at least equal, if not superior, to traditional communications.</p>
<p>Additionally, by using hosted technology like VoIP, small businesses can save a great amount of physical space. Whereas old forms of telecommunication technology require hardware to be installed and maintained on the premises, the physical components of hosted technology are housed by the service provider.</p>]]></content:encoded></item>		<item><title>Companies must act to take advantage of social CRM</title><link>http://www.teletech.com/news/customer-management/companies-must-act-to-take-advantage-of-social-crm-800744392</link><pubDate>2012-04-03T14:26:39</pubDate><content:encoded><![CDATA[ <p>&nbsp;</p>
<p>There is a growing consensus that social media will play a key role in many, if not most, companies marketing and overall business strategies in the near future. However, despite this awareness, many companies have yet to adopt social media-based strategies. This means that those companies willing to embrace <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> may enjoy significant advantages over their delaying competitors.</p>
<p>Writing for TechNewsWorld, CRM expert Christopher J. Bucholtz <a href="http://www.technewsworld.com/story/74744.html" target="_blank">recently offered</a> several pieces of advice for companies who have not yet made the move toward social CRM. For example, he recommended that businesses use their imaginations when envisioning the best means of applying social CRM to their specific situations. Too many businesses, he said, see how social CRM works for a different industry and simply assume that the methods used there could not possibly apply in their own field. But by utilizing a healthy dose of creativity, businesses may discover social CRM lessons even from vastly different contexts.</p>
<p>He also recommended that businesses come to terms with the notion that social CRM may require reorganization and/or restructuring. It represents a new paradigm for customer relations, and as such will require organizations to adopt new approaches. This should not be a reason for hesitancy, but rather motivation for revitalization.</p>]]></content:encoded></item>		<item><title>Demand for Lower IP Costs Encourages Firms to Outsource Patent Filing Tasks</title><link>http://www.teletech.com/news/enterprise-management/demand-for-lower-ip-costs-encourages-firms-to-outsource-patent-filing-tasks-800744409</link><pubDate>2012-04-03T14:00:00</pubDate><content:encoded><![CDATA[ <p>Global market conditions are forcing businesses to rethink their intellectual property (IP) and patent-filing strategies. In some cases, the burden of handling and protecting innovations is so great that companies choose to outsource the process entirely.</p>
<p>The latest Global Patent &amp; IP Trends Indicator by inovia found fewer organizations are facing budget reductions, which may be behind the greater portion of IP tasks that companies are outsourcing in order to reduce costs.</p>
<p>This year&#39;s study showed a 300 percent increase in organizations outsourcing foreign patent filings compared to last year. The report demonstrates how U.S. patent holders are being more strategic about their approach to foreign filing, focusing particularly on the need to contain IP costs.</p>
<p>Most surveyed organizations don&#39;t expect to increase the number of patent families filed this year, suggesting they are taking on a &quot;do-more-with-less&quot; attitude in light of the recovering economy.</p>
<p>&quot;The cautious optimism first identified in the 2011 Indicator is back this year, with U.S. patent owners taking a prudent, yet strategic, approach to foreign filing with a huge jump in outsourcing as a means to keep IP rates low, reduce overall costs and maintain control,&quot; said inovia founder and patent attorney Justin Simpson.</p>]]></content:encoded></item>		<item><title>Highly satisfied contact center users yields numerous benefits for companies</title><link>http://www.teletech.com/news/customer-management/highly-satisfied-contact-center-users-yields-numerous-benefits-for-companies-800743573</link><pubDate>2012-04-02T15:46:06</pubDate><content:encoded><![CDATA[ <p>Individuals who experience a very satisfactory customer experience demonstrate vastly increased brand loyalty and likelihood to purchase additional products or services from that company.</p>
<p><a href="http://http://www.zdnet.com/blog/btl/contact-centers-why-do-we-hate-them-so/72675" target="_blank">According to ZDNet</a>, a leading analytics company has conducted research to determine the effects of customer satisfaction with a contact center on that customer&#39;s future interactions involving the company. They polled customers and rated their satisfaction on a 100-point scale, then used this data to ascertain how the individual felt about the company and how this attitude would translate into actual actions.</p>
<p>The study found that customers who scored above 70 on the customer satisfaction scale were 238 percent more likely to recommend the company to family, friends or coworkers. Additionally, highly satisfied individuals were 154 percent more likely than less satisfied customers to make another purchase from the company, and 174 percent more likely to contact the company again in the future.</p>
<p>As ZDNet indicates, all of this data shows the inherent value in contact centers providing high quality customer experience. Customer satisfaction translates into loyalty and positive associations, both of which may lead to increased company profits in the future.</p>]]></content:encoded></item>		<item><title>Contact centers may benefit from improved empathy training</title><link>http://www.teletech.com/news/customer-management/contact-centers-may-benefit-from-improved-empathy-training-800742640</link><pubDate>2012-03-30T16:43:23</pubDate><content:encoded><![CDATA[ <p>Successful customer care requires a number of different skills, such as intelligence, interest and knowledge. Yet one trait which is oftentimes overlooked, according to customer service expert Michael Hess, is empathy. By refocusing on empathy, he believes that companies can drastically improve their customers&#39; satisfaction.</p>
<p><a href="http://www.cbsnews.com/8301-505143_162-57403971/great-customer-service-starts-with-7-letters/" target="_blank">Writing for CBS News</a>, Hess highlights a number of key empathy-related questions that a customer service agent should ask him or herself in order to improve customer care. One significant example is, &quot;What would I expect to be done for me if the roles were reversed?&quot; Another is &quot;What would make this customer satisfied&hellip;and is there any reason I can&#39;t do it or find someone who can?&quot;</p>
<p>By asking these questions, a service agent may better understand the customer&#39;s mindset, and this may lead to a greater overall interaction.</p>
<p>While important in all customer-service interactions, empathy may be a particularly crucial element for a contact center. Because contact center agents do not typically see the client they are assisting, it can be more difficult to develop an empathic bond with that individual. A conscious awareness of the importance of empathy can ensure that a contact center agent always keeps the customer&#39;s needs and desires at the forefront of his mind.</p>]]></content:encoded></item>		<item><title>Utility companies should utilize IVR for improved customer service</title><link>http://www.teletech.com/news/contact-center-technology/utility-companies-should-utilize-ivr-for-improved-customer-service-800742633</link><pubDate>2012-03-30T16:42:06</pubDate><content:encoded><![CDATA[ <p>Major utility companies looking to improve their customer care while reducing their costs should look into implementing interactive voice recognition (IVR) technology, according to industry publication Intelligent Utility.</p>
<p>In <a href="http://www.intelligentutility.com/article/12/03/12-bottom-line-improvement-ideas-2012-your-billing-and-payment-channels" target="_blank">a list of recommendations</a> for improving utility billing and payment methods for the upcoming year, Intelligent Utility highlighted the benefits of IVR for utility companies. By implementing IVR, companies can provide options for customers to self-pay. This, as Intelligent Utility reports, can make the collection of outstanding balances significantly more efficient. Additionally, IVR offers service 24 hours a day, seven days a week, without the cost of maintaining a staff of agents around the clock.</p>
<p>Consequently, the publication argues that by implementing IVR and other technology upgrades, utility companies can increase their collection abilities, which leads directly to a rise in overall profits.</p>
<p>Utility companies are but one of the many industries that can and, in many cases, already have taken advantage of the services IVR makes possible. Many research studies have demonstrated the value which people place upon customer experience, and by offering service at any time, day or night, companies using IVR can significantly improve their overall customer service.</p>]]></content:encoded></item>		<item><title>FTSE companies may lose over £100 million due to poor customer care</title><link>http://www.teletech.com/news/customer-management/ftse-companies-may-lose-over-100-million-due-to-poor-customer-care-800742452</link><pubDate>2012-03-30T16:01:44</pubDate><content:encoded><![CDATA[ <p>It is a well-established fact that consumers place significant value on customer experience. Now, a new financial modeling tool allows businesses to determine approximately how much money they are costing themselves due to poor customer service.</p>
<p>Using this tool, financial experts <a href="http://www.sys-con.com/node/2223938" target="_blank">have determined</a> that the top 100 companies appearing on the FTSE Index may each lose as much as &pound;100 million annually by failing to provide each of their clients with a successful customer experience.</p>
<p>The tool&#39;s calculations are determined by crunching a variety of business data, such as company profits, revenues and levels of customer satisfaction. According to its metrics, even relatively minor improvements in customer care can lead to huge rewards. For some companies, the calculator estimates that profits can even double by improving customer service.</p>
<p>While these conclusions may seem extreme, recent research indicates that a poor or successful shopping experience can be a main determinant in whether a potential customer purchases a product or service. Studies have shown that as much as 88 percent of individuals claim that they will leave a store without buying anything if the retailer&#39;s customer service does not meet their standards.</p>]]></content:encoded></item>		<item><title>Managed care executives emphasize importance of social CRM</title><link>http://www.teletech.com/news/customer-management/managed-care-executives-emphasize-importance-of-social-crm-800742447</link><pubDate>2012-03-30T16:00:46</pubDate><content:encoded><![CDATA[ <p>Managed care executives participating in a recent survey were nearly unanimous in their belief that social networking technology is &quot;a critical tool for driving consumer engagement.&quot;</p>
<p>Conducted by a leading developer of social health networks, <a href="http://www.denverpost.com/coloradocorporatestatements/ci_20265331/94-managed-care-executives-see-social-network-technology" target="_blank">the survey data</a> was gathered during the recent Managed Care Executive Group Forum in Fort Lauderdale, Florida. Of all participating managed care executives, 94 percent indicated that social networking technology is a crucial component of their business&#39;s ability to interact with customers, and 56 percent believed that it is a &quot;must-have&quot; for managed care organizations.</p>
<p>The significance of these figures is further reinforced by how highly those surveyed prioritized consumer engagement. Just over three-fifths of participating executives stated that engaging with customers is one of the five most important priorities for CEOs at their organizations.</p>
<p>By using social networking technology and other <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> tools, organizations are able to improve the quality and degree of their interaction with customers and clients. And as social media sites such as Facebook and Twitter continue to grow, industry experts expect businesses&#39; reliance on social CRM to increase in the coming years.</p>]]></content:encoded></item>		<item><title>Many companies fail to incorporate Facebook into customer service</title><link>http://www.teletech.com/news/customer-management/many-companies-fail-to-incorporate-facebook-into-customer-service-800742442</link><pubDate>2012-03-30T15:57:06</pubDate><content:encoded><![CDATA[ <p>Despite a growing awareness of the myriad benefits of <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a>, many organizations still fail to use Facebook as a means of connecting with customers.</p>
<p><a href="http://happycustomer.stellaservice.com/2012/03/26/facebook/" target="_blank">A recent report</a> from STELLAService highlights the degree to which some companies are ignoring customer feedback delivered via Facebook. As a test, STELLAService posted general service questions on 20 major retailers&#39; Facebook pages, as well as within the comments section of entries posted by the retailers themselves.</p>
<p>The results indicate that the majority of these companies do not place a high value on interacting with or satisfying customers who contact them through social media. Of the 20 retailers, five did not respond to the posted questions within 48 hours. More notably, seven of the retailers edited their Facebook pages to remove any trace of the question.</p>
<p>Speaking to TIME, STELLAService CEO Jordy Leiser said the results indicate that while companies have quickly come to understand the value of Facebook for reaching out to customers, they have not yet grasped that effective social CRM means acknowledging social media as a two-way street.</p>]]></content:encoded></item>		<item><title>Technology: An Integral Solution for Contact Center Management</title><link>http://www.teletech.com/news/contact-center-technology/technology-an-integral-solution-for-contact-center-management-800739931</link><pubDate>2012-03-29T08:00:00</pubDate><content:encoded><![CDATA[ <p>Contact centers are vital resources for large corporations with heavy customer-call volumes. The effective management of these institutions directly influences public relations, sales and even marketing success.</p>
<p>With the arrival of new technological capabilities, agents are leveraging live online chat, email, mobile services, and even social media to ensure delivery of service according to customer demands. Depending on the sorts of customers being served, contact centers may automate as many conversations as they handle personally.</p>
<p>These trends reflect one of the most important pillars of effective contact center management: efficiency. Customers generally have tolerance for about five minutes of downtime once they&#39;ve established a sales relationship with a brand, reports Tron Jordheim for Inside Self-Storage. Meanwhile, he adds, company executives have tolerance for about five seconds of downtime once a year.</p>
<p>Once again, technology has been the primary solution to the changing demands of the contact center industry.</p>
<p>&quot;Even in a boutique center, you need a wide and deep technology foundation to provide the services that make your clients and stakeholders money,&quot; Jordheim notes. &quot;It all starts with Internet and telephony connections. These communications connections must have tremendous bandwidth. Then you need server capacity to handle the layers of software that power &hellip; systems.&quot;</p>]]></content:encoded></item>		<item><title>More companies looking beyond India for outsourcing</title><link>http://www.teletech.com/news/contact-center-technology/more-companies-looking-beyond-india-for-outsourcing-800740550</link><pubDate>2012-03-29T07:30:42</pubDate><content:encoded><![CDATA[ <p>India has long been the primary destination for outsourced customer care. However, changing conditions and demands have caused American companies to begin looking elsewhere for their outsourcing needs.</p>
<p><a href="http://www.businessweek.com/articles/2012-03-15/outsourcing-a-passage-out-of-india" target="_blank">Bloomberg Businessweek</a>, citing an Everest Group study, reports that 54 companies in Eastern Europe and Latin America established new outsourcing facilities in 2011, edging out the 49 created in India last year. And industry experts expect this trend to continue into the foreseeable future.</p>
<p>There are several underlying causes to this shift away from India, the most significant being that companies are beginning to outsource higher-level positions. The primary reason behind India&#39;s prominence within the outsourcing industry has always been that it is home to a huge pool of inexpensive labor, and many if not most of its citizens speak English. This makes India the ideal source for workers to staff contact centers and similar openings.</p>
<p>However, the positions being outsourced now frequently require a higher degree of skill and training than India&#39;s labor market can provide. Consequently, American businesses are turning to countries such as Poland, The Philippines and Brazil for their outsourced customer care and financial services.<br />
&nbsp;</p>]]></content:encoded></item>		<item><title>More companies looking beyond India for outsourcing</title><link>http://www.teletech.com/news/enterprise-management/more-companies-looking-beyond-india-for-outsourcing-800740550</link><pubDate>2012-03-29T07:30:42</pubDate><content:encoded><![CDATA[ <p>India has long been the primary destination for outsourced customer care. However, changing conditions and demands have caused American companies to begin looking elsewhere for their outsourcing needs.</p>
<p><a href="http://www.businessweek.com/articles/2012-03-15/outsourcing-a-passage-out-of-india" target="_blank">Bloomberg Businessweek</a>, citing an Everest Group study, reports that 54 companies in Eastern Europe and Latin America established new outsourcing facilities in 2011, edging out the 49 created in India last year. And industry experts expect this trend to continue into the foreseeable future.</p>
<p>There are several underlying causes to this shift away from India, the most significant being that companies are beginning to outsource higher-level positions. The primary reason behind India&#39;s prominence within the outsourcing industry has always been that it is home to a huge pool of inexpensive labor, and many if not most of its citizens speak English. This makes India the ideal source for workers to staff contact centers and similar openings.</p>
<p>However, the positions being outsourced now frequently require a higher degree of skill and training than India&#39;s labor market can provide. Consequently, American businesses are turning to countries such as Poland, The Philippines and Brazil for their outsourced customer care and financial services.<br />
&nbsp;</p>]]></content:encoded></item>		<item><title>Customer profiling is an underappreciated benefit of IVR</title><link>http://www.teletech.com/news/contact-center-technology/customer-profiling-is-an-underappreciated-benefit-of-ivr-800740548</link><pubDate>2012-03-29T07:27:30</pubDate><content:encoded><![CDATA[ <p>Interactive voice response (IVR) is widely acknowledged as a growing technology with myriad benefits for both consumers and businesses. However, companies have been slow to seize on customer profiling, which can be one of the most significant advantages of IVR.</p>
<p>Customer profiling is the process of understanding a business&#39;s customer base and categorizing those customers into various demographics. These demographics can then be used to better understand both who is patronizing a business and, just as importantly, why. This allows a business to streamline and improve its customer service, resulting in a better customer experience. Additionally, the knowledge gained through customer profiling may be utilized for marketing purposes.</p>
<p>IVR is useful for customer profiling because it allows businesses to accumulate and then classify customer feedback more efficiently without sacrificing customer service. Yet success in this area is not automatic. The key to successful integration of IVR systems with customer profiling is customization. Organizations must adapt their IVR offerings to align with the nature of their business and, crucially, their customers.</p>]]></content:encoded></item>		<item><title>VoIP key to unified communications for businesses</title><link>http://www.teletech.com/news/contact-center-technology/voip-key-to-unified-communications-for-businesses-800740547</link><pubDate>2012-03-29T07:25:11</pubDate><content:encoded><![CDATA[ <p>A new study of medium to large-sized businesses in the United Kingdom has found that the majority are pursuing a unified communications (UC) strategy, and that Voice over Internet Protocol (VoIP) is the most important element of these strategies.</p>
<p>The study, conducted by market research firm Vanson bourne, included 200 senior-level IT professionals from a diverse group of medium and large UK-based businesses. Three quarters of those surveyed indicated that their organizations are currently pursuing a UC strategy. They further indicated that VoIP is the most crucial form of communication within these strategies, followed by video conferencing and instant messaging.</p>
<p>There are numerous benefits to pursuing a UC strategy. Most notably, it has the potential to significantly improve the efficiency of a business&#39;s telecommunications - the reason cited by 60 percent of respondents for their move toward UC. Additionally, telecommunications experts argue that UC can reduce costs and improve customer and user satisfaction.</p>
<p>The combined effects of these benefits can be significant. To illustrate this point, an InformationWeek article cited the example of Japanese retailer Mitsukoshi. After adopting UC capabilities in its inventory processes, the company was able to reduce&nbsp;its sales cycle time by 20 percent.</p>
<p>&nbsp;</p>]]></content:encoded></item>		<item><title>Less than 20 percent of companies take advantage of social CRM</title><link>http://www.teletech.com/news/customer-management/less-than-20-percent-of-companies-take-advantage-of-social-crm-800739719</link><pubDate>2012-03-28T12:44:34</pubDate><content:encoded><![CDATA[ <p>Despite a growing consensus among marketing and IT professionals that <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> offers significant and wide-ranging benefits, the vast majority of companies are still not using social enterprise tools.</p>
<p>According to a CompTIA survey of business and IT executives, 68 percent of responding organizations had a LinkedIn page, another 68 percent had a Twitter feed and 82 percent maintained a presence on Facebook. Yet while this data indicates a growing appreciation for the value of social media for businesses, the survey also demonstrates that this appreciation is underdeveloped. Despite heavily using social media, less than 20 percent of organizations surveyed used any form of social enterprise tools.</p>
<p>This is a significant statistic, as social enterprise tools are a crucial component of successful social CRM. Seth Robinson, director of technology analysis for CompTIA, said, &quot;Social enterprise tools incorporate the characteristics of social media into business processes.&quot; This, he added, encourages &quot;stronger internal collaboration&quot; and &quot;deeper understanding of customers.&quot;</p>
<p>As a relatively new marketing tool, it is perhaps not surprising that social CRM is still not fully incorporated into most businesses&#39; marketing strategies. However, as social media becomes more and more embedded into the average consumer&#39;s life, it is inevitable that a growing number of companies will begin to explore the full potential of social CRM and social enterprise tools.<br />
&nbsp;</p>]]></content:encoded></item>		<item><title>British Government Outsourcing Public Service to Private Contractors</title><link>http://www.teletech.com/news/enterprise-management/british-government-outsourcing-public-service-to-private-contractors-800738933</link><pubDate>2012-03-28T08:00:00</pubDate><content:encoded><![CDATA[ <p>Recent efforts by the U.K. government to outsource a number of public sector services to private industry has caught the attention of many savvy businesses. A range of contracts from ranging from &pound; 300 million to &pound;5 billion are expected to be awarded in coming months, the Financial Times reported this week.</p>
<p>Most of the new offers are likely to be awarded to private suppliers of work welfare programs, reflecting the British government&#39;s decision to replace a disability allowance with a new personal independence payment.</p>
<p>&quot;Under the government&#39;s welfare reforms, more than 3.2 million people will be assessed by private companies as to whether they can rejoin the workforce,&quot; reported Gill Plimmer for the FT. &quot;The five year contracts - with option for two-year extensions - will be divided among regions, with the winners announced in July for implementation from April 2013.&quot;</p>
<p>Both private and public companies alike have been broadening their outsourcing activity in recent years. Higher operational costs and commodity prices have forced firms to seek out more efficient methods of completing tasks, and outsourcing is often seen as a key solution.</p>]]></content:encoded></item>		<item><title>Contact center industry sees domestic growth, provides jobs</title><link>http://www.teletech.com/news/contact-center-technology/contact-center-industry-sees-domestic-growth-provides-jobs-800739245</link><pubDate>2012-03-27T16:50:05</pubDate><content:encoded><![CDATA[ <p>Despite the still-weak global economy, many businesses are establishing new contact centers throughout North America.</p>
<p>Driven by a demand for improved customer experience, contact center development in the United States and Canada is growing significantly. As industry experts have noted, creating domestic contact centers provides job opportunities and therefore contributes to local economies.</p>
<p>An additional factor driving the growth of contact centers in the U.S. and Canada is improved technology. More and more, contact centers are using alternative forms of communication to accommodate customer desires, such as texting, voice over internet protocol (VoIP), and Twitter. Such developments are increasing the importance of contact centers to both businesses and the customers who utilize their services.</p>
<p>&nbsp;</p>
<p>As contact center technology continues to improve, and contact centers themselves become increasingly vital for a wide range of companies&#39; customer service tasks, it is likely that such facilities will continue to spring up throughout the United States.</p>]]></content:encoded></item>		<item><title>Knowledge of features key to successful social CRM</title><link>http://www.teletech.com/news/customer-management/knowledge-of-features-key-to-successful-social-crm-800739239</link><pubDate>2012-03-27T16:47:11</pubDate><content:encoded><![CDATA[ <p>As social customer relationship management (CRM) becomes more and more integrated in businesses&#39; marketing and sales strategies, it is crucial that these businesses fully educate themselves in regards to their chosen <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> platform&#39;s capabilities.</p>
<p>As the E-Commerce Times recently explained, far too many businesses invest heavily in a social CRM strategy and then proceed to use that strategy statically, without ever attempting to dig deeper into the technologies technology&#39;s functions.</p>
<p>Consequently, that specific form of social CRM ultimately ceases to provide benefits and the business concludes that it has reached a dead end. In reality, though, the social CRM strategy might still have numerous advantages to offer. The business is simply unaware of them.</p>
<p>Social CRM is generally acknowledged as an emerging tool which can benefit a wide range of industries. Many companies, recognizing this trend, have begun to invest significantly in social CRM technologies and strategies. However, only those companies which match their financial investments with the commitment to explore and adapt their chosen social CRM platforms will reap its advantages.</p>]]></content:encoded></item>		<item><title>Speech technology market expected to reach $31.3 billion by 2017</title><link>http://www.teletech.com/news/contact-center-technology/speech-technology-market-expected-to-reach-31-3-billion-by-2017-800736918</link><pubDate>2012-03-23T16:23:43</pubDate><content:encoded><![CDATA[ <p>Driven by improvements in voice over internet protocol (VoIP) offerings, Interactive Voice Recognition (IVR) systems and other advancements, the global speech technology market is on pace to reach $31.3 billion by 2017.</p>
<p>In a report conducted by market intelligence firm Global Industry Analysts, the global speech technology industry was described as having &quot;displayed remarkable resilience during recession&quot; and has proved itself to be &quot;one of the major revenue grosser for the software industry.&quot;</p>
<p>In addition to technological breakthroughs in VoIP and IVR, the report credits the speech technology industry&#39;s projected success to its incorporation into an increasing number of products and services. Specifically, the report identifies search engines, healthcare providers and handheld devices as areas of rising use for speech technology.</p>
<p>This report comes at a time when more and more mobile devices, including tablets and smartphones, are releasing apps and data-plans for the use of mobile VoIP. The proliferation of these and other, similar advancements is expected to continue driving the speech technology market into the foreseeable future.</p>]]></content:encoded></item>		<item><title>Determining the Right Time and Place to Outsource</title><link>http://www.teletech.com/news/enterprise-management/determining-the-right-time-and-place-to-outsource-800736654</link><pubDate>2012-03-23T14:00:00</pubDate><content:encoded><![CDATA[ <p>Most organizations recognize the value of business process outsourcing, but many are uncertain about when and how to do hire an external service provider. This is a particular concern for high-growth small businesses that begin to find themselves overwhelmed with work.</p>
<p>Ivana Taylor recommends in the blog Get App that decision-makers begin by drafting a list of key goals they&#39;d like to accomplish over the next several months. It may be something as broad as expanding into a new market or as narrow as adopting a new payroll processing service. Whatever it is, the next process involves running through the list and determining, precisely, what&#39;s needed to meet these goals.</p>
<p>Which of these processes can you handle yourself? What kinds of skills are needed to complete them? Which will require hired help? In answering these questions you should develop a more clear picture of where your outsourcing needs are.</p>
<p>&quot;Whatever the reasons, you need to be clear and honest,&quot; Taylor explains. &quot;Time savings comes from focusing on what you want to accomplish, only doing those things and then making a list of all the other things that you&#39;ve been doing, but that someone else could do better, faster and probably cheaper.&quot;</p>]]></content:encoded></item>		<item><title>Survey Highlights Customer Service Value of Contact Centers</title><link>http://www.teletech.com/news/customer-management/survey-highlights-customer-service-value-of-contact-centers-800735623</link><pubDate>2012-03-23T08:00:00</pubDate><content:encoded><![CDATA[ <p>For many businesses, contact centers are an opportunity to reduce costs while outsourcing customer service to industry specialists. Now, new research from consultancy Amdocs and research firm Coleman Prkes shows how service providers can glean better performances from contact center operations.</p>
<p>The trend toward online services and communications platforms seems applicable to customer service, too, as 75 percent of surveyed consumers say they would prefer to use online support if it were reliable. However, only 37 percent claim they even try to use self-service options.</p>
<p>But the lack of available online resources drives many consumers to contact centers. According to the survey, more than 40 percent of respondents call customer service if they cannot find answers to their question through self-service.</p>
<p>Furthermore, an overwhelming majority of consumers - 96 percent - expect to be notified of problems without having to ask, preempting calls to a contact center.</p>
<p>&quot;We are seeing a major shift in customer behavior,&quot; said Ian Parkes, director and co-founder at Coleman Parkes. &quot;Consumers prefer to seek answers to common questions through online resources. However, many end users believe service providers&#39; online services cannot solve their problems, so they gravitate back to the call center.&quot;</p>]]></content:encoded></item>		<item><title>Social and mobile CRM leads to greater sales</title><link>http://www.teletech.com/news/customer-management/social-and-mobile-crm-leads-to-greater-sales-800735943</link><pubDate>2012-03-22T16:23:58</pubDate><content:encoded><![CDATA[ <p>A new report conducted by Nucleus Research has found that implementation of social and mobile CRM has a direct correlation with increasing sales.</p>
<p>Surveying more than 220 CRM decision-makers from North America and Europe, the study found that &quot;providing sales people with mobile device access to CRM&quot; leads to a 14.6 percent rise in sales productivity, and using <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> tools leads to a further 11.8 percent increase in productivity. When both were implemented, the overall sales productivity gain was 26.4 percent.</p>
<p>Of all those surveyed, less than 2 percent did not acknowledge any productivity benefits from mobile CRM access.</p>
<p>As customers increasingly rely on their mobile devices for a host of uses, it can be inferred that the rewards businesses reap from social and mobile CRM implementation will continue to grow. It is not surprising, then, that a recent Constellation Research study found that 85 percent of surveyed executives plan to improve their CRM systems in the next two years.</p>
<p>The Constellation Research report concluded that such upgrades will be a crucial factor in determining a business&#39;s success or failure leveraging CRM.</p>]]></content:encoded></item>		<item><title>New study highlights potential for mobile VoIP</title><link>http://www.teletech.com/news/contact-center-technology/new-study-highlights-potential-for-mobile-voip-800734500</link><pubDate>2012-03-21T13:51:59</pubDate><content:encoded><![CDATA[ <p>A recent study emphasizes the opportunities for mobile Voice over Internet Protocol (VoIP) providers in the European, Middle Eastern and African markets in the coming years.</p>
<p>The study, conducted by TechNavio, found that only a small percentage of all international voice traffic stems from mobile devices. This is primarily due to the expensive rates charged by cellular networks for the service. As a result, most individuals turn to landlines, computer networks and calling cards for their international calling needs.</p>
<p>Several trends contribute to the market potential for mobile VoIP providers. One is the increasing prevalence of social media, and especially the use of social media on mobile platforms. As users rely more heavily on this technology, desire for affordable VoIP options will likely rise.</p>
<p>In addition, businesses utilizing contact centers will likely continue to incorporate VoIP into their service options. It is likely that a typical contact center will soon offer a multitude of communication services for its clients, including text messaging, Twitter and videochatting.</p>
<p><br />
As demand for mobile VoIP options is poised to increase, organizations now have an opportunity to gain a strong foothold in an emerging market.<br />
&nbsp;</p>]]></content:encoded></item>		<item><title>Outsourcing Strategies Rely on Strong Collaboration Between IT and Finance</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-strategies-rely-on-strong-collaboration-between-it-and-finance-800733568</link><pubDate>2012-03-21T08:00:00</pubDate><content:encoded><![CDATA[ <p>Finance and IT departments are increasing their collaboration to affect corporate strategy and growth. CFOs are leveraging IT resources to monitor business finances, ensure secure data, and help advise strategy. Meanwhile, IT leaders rely on finance officers to sign off budgets, pay the tech bills and help sponsor development initiatives.</p>
<p>One of the areas this collaboration has been most evident is in business process outsourcing. <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">BPO</a> services can dramatically cut down on operating costs and improve efficiency. They also require the involvement of tech professionals to gauge which processes should be outsourced and through what channels.</p>
<p>&quot;Shared services and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">business process outsourcing</a> can be used to reduce the operating costs of finance,&quot; Paul van Kessel, an advisor at Ernst &amp; Young, told the Financial Times. &quot;The key benefits of business process outsourcing are obvious. It allows organizations to focus on their core activity and, in addition, cost savings can be achieved.&quot;</p>
<p>However, van Kessel added, the key to BPO success is in the effective management of supplier relations management and third-party reporting. In developing an effective outsourcing strategy, CFOs have to rely on thorough risk assessment.</p>]]></content:encoded></item>		<item><title>CRM systems identified as key area of investment</title><link>http://www.teletech.com/news/customer-management/crm-systems-identified-as-key-area-of-investment-800733925</link><pubDate>2012-03-20T16:25:17</pubDate><content:encoded><![CDATA[ <p>A new report conducted by ICD Research has determined that marketing and sales-based organizations identify CRM systems as among the top three most crucial areas for investment in the coming year.</p>
<p>The study, which tracks and analyzes the anticipated marketing, sales, and media strategies of a wide range of businesses, also identified &quot;market intelligence research&quot; and &quot;competitor intelligence research&quot; as the other primary areas for investment.</p>
<p>This data supports the growing evidence that CRM is becoming a more and more important aspect of many businesses&#39; marketing strategies. Industry experts have widely touted CRM for improving organizations&#39; ability to provide a better customer experience and leveraging that relationship into increasing profits and market presence.</p>
<p>In addition to identifying areas of investment, the ICD study also analyzes the expected degree of investment for companies in the coming year. Overall, total money allocated to marketing budgets is expected to increase 5 percent for the next year. This modest rise is attributed to the improving yet still damaged global economy. In last year&#39;s survey, the anticipated increase in marketing budgets was just over 7 percent.</p>]]></content:encoded></item>		<item><title>Manage Customer Experience With Emotion-Detection Technology</title><link>http://www.teletech.com/news/contact-center-technology/manage-customer-experience-with-emotion-detection-technology-800732654</link><pubDate>2012-03-20T08:00:00</pubDate><content:encoded><![CDATA[ <p>Contact center management will continue to evolve in coming months, as service providers focus more and more on the customer experience as part of their overall growth strategy. More importantly, companies will leverage new technologies to broaden their service offerings.</p>
<p>One of the more sensational developments in the call center industry is the emergence of emotion detection technology. These devices are able to gauge how a caller feels based on factors such as how loud they&#39;re talking, their tone, pitch, and pace of speech.</p>
<p>&quot;We are seeing more of this technology being adopted because of its positive impact on the caller experience and call center key performance indicators (KPIs),&quot; writes Omar Zaibak for Customer Think. &quot;Some call centers prioritize callers in their queue based on how angry they are. The system will intuitively listen to the caller while they are on hold.&quot;</p>
<p>If he or she is vocally upset they will receive a higher priority in the call queue and connect to an agent faster. This can help allay the more frustrated customers while managing call volumes in a more efficient way.</p>]]></content:encoded></item>		<item><title>IVR contributes to remote obesity management study</title><link>http://www.teletech.com/news/contact-center-technology/ivr-contributes-to-remote-obesity-management-study-800732995</link><pubDate>2012-03-19T16:39:50</pubDate><content:encoded><![CDATA[ <p>As a part of a larger study, researchers found that IVR, when utilized in conjunction with other remote monitoring techniques, was an effective means of encouraging healthier living for obese patients.</p>
<p>In this component of the study, known as the Practice-based Opportunities for Weight Reduction (POWER) trial, 365 obese patients participated in a self-managed weight-loss and hypertension-reduction program for a two-year period. During this time, patients monitored their own progress with an IVR system and website, and participated in 18 counseling sessions via phone. They were also given the option of participating in 12 group support sessions.</p>
<br />
<p>The results of the study indicated that remote monitoring was at least as effective as more traditional obesity-reduction programs. On average, participants lost a kilogram more of weight than those undergoing the standard treatment, and lowered their BMIs by an additional 0.38.</p>
<p>&quot;I actually think these types of systems are the wave of the future,&quot; Lawrence Appel, head researcher and a professor of medicine, epidemiology and international health at Johns Hopkins, said of the programs utilized in the study.</p>]]></content:encoded></item>		<item><title>Philippines Outsourcing Reflects Trends of Global Industry</title><link>http://www.teletech.com/news/enterprise-management/philippines-outsourcing-reflects-trends-of-global-industry-800731716</link><pubDate>2012-03-16T14:00:00</pubDate><content:encoded><![CDATA[ <p>Western interests in the Philippines&#39; business process outsourcing (<a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo" class="dnautolink">BPO</a>) sector continues to grow, especially with a recent move by banking giant Wells Fargo to set up hosted services in the country.</p>
<p>While some businesses have scaled back their outsourcing to foreign markets, the Asia/Pacific BPO sector remains a vibrant location for <a href="http://www.teletech.com/solutions/hosted-technology" class="dnautolink">hosted technology</a>, IT outsourcing, shared services and other market horizontals.</p>
<p>Currently, the Philippine BPO sector employs roughly 450,000 people, mostly in contact center facilities. This figure make the country the world&#39;s leader, ahead of India.</p>
<p>&quot;In recent years, however, industry leaders have begun to emphasize a shift in the local industry from call center work to higher value-added work like outsourced engineering, animation and IT services,&quot; reports Alex Ferreras for LoanSafe.org. &quot;Wells Fargo&#39;s Philippine operations would serve only the needs of the U.S. bank in terms of customer support.&quot;</p>
<p>Customer service is one of the pillars of the global outsourcing market, but with rising demand for high-skill positions the dynamics of outsourcing demand may begin to shift. In January, Information Services Group reported that 2011 was the busiest year on record for the global outsourcing industry.</p>]]></content:encoded></item>		<item><title>Retailers losing business due to poor customer service</title><link>http://www.teletech.com/news/customer-management/retailers-losing-business-due-to-poor-customer-service-800731553</link><pubDate>2012-03-16T12:29:36</pubDate><content:encoded><![CDATA[ <p>A new study has found that nearly 90 percent of customers will leave a store without purchasing anything if they find the customer service does not meet their standards.</p>
<p>The survey, conducted by British customer intelligence firm Market Force, also found that the biggest factor in shaping customer experience is employee interest. Over 40 percent of those surveyed identified a lack of interest and engagement from store employees as the most frustrating aspect of in-store shopping, therefore making it the most likely source of customer dissatisfaction.</p>
<p>On a similar note, over 80 percent of customers indicated that they appreciate being physically led to a product they&#39;re inquiring about, rather than being pointed in the product&#39;s direction, and a further 59 percent appreciated product recommendations. As the numbers indicate, though, such a level of customer support is lacking from many retailers.</p>
<p>Yet despite these numbers, the report also indicated that an overwhelming majority of consumers prefer in-store shopping to online shopping, primarily due to the human interaction.</p>
<p>Tim Ogle, CEO at Market Force Europe, said that these results should inspire retailers to modify their practices, as &quot;good customer service doesn&#39;t have to be expensive.&quot;</p>]]></content:encoded></item>		<item><title>Tips for Handling Outsourced Services for the First Time</title><link>http://www.teletech.com/news/enterprise-management/tips-for-handling-outsourced-services-for-the-first-time-800730754</link><pubDate>2012-03-16T08:00:00</pubDate><content:encoded><![CDATA[ <p>Outsourcing is an attractive business strategy for organizations searching for ways to optimize their processes while also cutting back on costs. While it&#39;s easy to grow so comfortable in the performance of an outsourced process, managers still need to keep a keen eye on how their services are performing.</p>
<p>It helps to have an well thought-out plan for your outsourcing strategy from the get-go. Collaborate with service providers to communicate that strategy and make clear what you expect from their offerings.</p>
<p>Lydia Vogtner, a contributor for Business 2 Community recommends leveraging the advice of experts to influence your management of <a href="http://www.teletech.com/solutions/hosted-technology" class="dnautolink">hosted technology</a> and services. You shouldn&#39;t feel like you need to do all thinking yourself, but it&#39;s important make your hosts at least a small part of the team from the early stages.</p>
<p>&quot;Once the work begins - create a positive working relationship that allows for open communication, including the ability to challenge and ask tough questions,&quot; Vogtner adds. &quot;Also be mindful of their workload and competing priorities - don&#39;t treat them like order takers or put them in constant reactive mode just because you are paying them.</p>]]></content:encoded></item>		<item><title>Social CRM apps popular among business users</title><link>http://www.teletech.com/news/customer-management/social-crm-apps-popular-among-business-users-800730592</link><pubDate>2012-03-15T13:16:55</pubDate><content:encoded><![CDATA[ <p>For the second month in a row, the most recent GetApp.com&nbsp; report on popular business apps had both of its top two spots filled by programs featuring or focusing on <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a>. The report, which is released monthly and surveys over 100,000 participants, also included another CRM-focused app in its top 25.</p>
<p>The recurring high placement of social CRM apps on GetApp.com surveys is yet another indicator of the increasing importance of such products within the wider context of CRM and social media-based business. Industry experts have noted the gradual evolution of social CRM apps from point applications to more integrated products offering a wider range of benefits for businesses.</p>
<p>In order to maximize the potential advantages of this technology, businesses must continue to develop their approaches to all social CRM, including apps. Writing for Forbes, R Wang, CEO of Constellation Research, recently emphasized the importance of integrating CRM strategies that incorporate &quot;tangibles, intangibles and contingencies in the calculations of business value.&quot; Only such a balanced approach to CRM modernization will ensure competitiveness as social media&#39;s role in CRM continues to expand.</p>]]></content:encoded></item>		<item><title>New study highlights benefits of interactive voice response for monitoring patients</title><link>http://www.teletech.com/news/contact-center-technology/new-study-highlights-benefits-of-interactive-voice-response-for-monitoring-patients-800729907</link><pubDate>2012-03-14T15:44:53</pubDate><content:encoded><![CDATA[ <p>A recent study conducted by Geisinger Health Plan and AMC Health has revealed that released hospital patients monitored by IVR technology were readmitted for care less than half as often as non-IVR-monitored patients.</p>
<p>According to the report, the IVR technology utilized by case managers provided constant updates on patients&#39; statuses by utilizing biometric and other data, all gathered remotely and automatically. Additionally, patient compliance with the IVR-based program was 85 percent, thereby providing an even greater degree of health information for case managers to work with.</p>
<p>This information allowed case managers to implement proactive, preventative strategies for maintaining patient well-being. The ultimate result was that IVR-monitored patients required re-admittance to hospitals at a significantly lower rate than patients whose health was monitored solely through self-reporting and case manager followup.</p>
<p>This finding comes at a time when more and more hospitals and healthcare providers are beginning to utilize IVR technology, thanks to advancements in natural language and speech recognition technology. These developments are allowing doctors and case managers to monitor patient health at a lower cost while increasing efficiency and ease-of-access to crucial information.<br />
&nbsp;</p>]]></content:encoded></item>		<item><title>IT Outsourcing a Solid Foundation for Organizational Flexibility</title><link>http://www.teletech.com/news/contact-center-technology/it-outsourcing-a-solid-foundation-for-organizational-flexibility-800728892</link><pubDate>2012-03-14T08:00:00</pubDate><content:encoded><![CDATA[ <p>Organizations from virtually every sector are outsourcing their IT functions in an effort to boost efficiency while cutting costs. Outsourcing is common throughout a variety of industries, including banking and finance, production and distribution, healthcare, utility services, retail, and broadcast media.</p>
<p>While the reasons for IT outsourcing vary from business to business, the popularity is such that it&#39;s become difficult to find a service that hasn&#39;t been outsourced. One is also hard-pressed to find a company that has not outsourced at least one function.</p>
<p>Some companies credit the potential to scale back capital expenditures. Dustin Andaya, founder and managing director of flower retailer Island Rose, cites flexibility and scalability as the key advantages of outsourcing and <a href="http://www.teletech.com/solutions/hosted-technology" class="dnautolink">hosted technology</a> services.</p>
<p>&quot;IT outsourcing enables our company to remain small and flexible while being able to concentrate on our core competencies,&quot; he told CFO World. &quot;It gives us the ability to pool resources from other companies on a per need basis, allowing our operations to grow bigger or smaller as the need arises.&quot;</p>]]></content:encoded></item>		<item><title>More executive education programs embracing mobile learning</title><link>http://www.teletech.com/news/learning-services/more-executive-education-programs-embracing-mobile-learning-800730010</link><pubDate>2012-03-14T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>A recent report released by Unicon reveals that executive
education programs at leading business schools are increasingly
embracing mobile learning as a key component of their teaching
models. Schools such as Harvard Business School and Seton
Hill&nbsp; (Seton Hall?) University are incorporating mobile
learning through the use of podcasts, downloadable apps and more.
Some, such as The Graduate School of Business at the University of
Cape Town, have initiated innovations such as marketing-based
scavenger hunts, guiding students through city streets as a means
of "learning in context."</p>

<p>Yet while these schools are demonstrating a move toward further
incorporating mobile learning into their programs, the report
concluded that much of the educational potential remains untapped,
and that schools must demonstrate a greater willingness to explore
its possibilities.</p>

<p>Commenting on the report in the Financial Times, Carina Paine
Schofield, a research fellow at Ashridge Business School, maintains
that the move toward mobile learning is inevitable, and claims that
this shift can transform students into more active learners.
However, in order for such a change to occur, executive programs
must stop viewing mobile devices as distractions and instead see
them as learning resources.</p>
]]></content:encoded></item>		<item><title>Study highlights emergence of social CRM</title><link>http://www.teletech.com/news/customer-management/study-highlights-emergence-of-social-crm-800728961</link><pubDate>2012-03-13T15:51:33</pubDate><content:encoded><![CDATA[ <p>A recently released SHARE study illustrates the evolving role that <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">social CRM</a> is playing in business marketing strategies.</p>
<p>Incorporating organizations from both North America and Europe, the report reveals that 25 percent of all respondents are now aggregating and studying data culled from social media networks, and nearly 50 percent monitor open social media networks. Furthermore, more than half of respondents intend to increase their investment in social media tools and services in the next one to two years.</p>
<p>As this trend continues to expand, it can be expected that businesses will need to develop their social CRM strategies. Historically, many organizations have underutilized the potential of CRM by focusing primarily on ways of selling to customers, rather than developing mutually beneficial relationships.</p>
<p>As Adam Sarner, a director of research at Gartner, points out in Forbes, the key to successful social CRM is offering perceivable benefits to customers. By doing so, businesses can encourage customers to voluntarily work with them to improve their operations. Failing to do so will greatly limit the amount of usable data accumulated, thereby reducing the effectiveness of social CRM strategies.</p>]]></content:encoded></item>		<item><title>Outsourcing as a Solution for Time Management</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-as-a-solution-for-time-management-800727906</link><pubDate>2012-03-13T08:00:00</pubDate><content:encoded><![CDATA[ <p>Time management is the Achilles&#39; heal of many companies and independent professionals. Finding adequate time to address all the core elements of successfully running a business is a major challenge to which their is no uniform solution. Professionals need to rely on their individual habits and personal responsibility to effectively meet their obligations in a timely manner.</p>
<p>Charles Schwab&#39;s 2011 RIA Benchmarking Study even found 52 percent of surveyed investment advisers agreed that devoting sufficient staff time to business development was their greatest obstacle to growth. This is one of the reasons why many companies turn to outsourced customer care and services to fulfill their duties and facilitate growth.</p>
<p>One of the chief advantages of outsourcing, particularly in regards to the financial services industry, is that companies can pick and choose which processes to administer externally and which to maintain in-house.</p>
<p>&quot;You don&#39;t have to invent your own solution,&quot; adds Marion Asnes for Investment News. &quot;Outsourcing reduces the amount of time and stress devoted to operations, data management and backup, reporting and reconciliation, re-balancing and more. By making you more effective and simplifying your life, it expands your time.&quot;</p>]]></content:encoded></item>		<item><title>Customization Key to Online Customer Experience</title><link>http://www.teletech.com/news/customer-management/customization-key-to-online-customer-experience-800727710</link><pubDate>2012-03-12T13:27:57</pubDate><content:encoded><![CDATA[ <p>With online interactions forming a greater portion of the customer experience than ever before, companies must ensure their websites are optimized to the needs and expectations of their clientele.</p>
<p>In a recent interview with 1to1 Media, Adobe marketing executive Kevin Cochrane suggested that site design, personalization, and key performance indicators (KPIs) are not receiving the attention they deserve in online customer experience strategies.</p>
<p>&quot;[Companies] don&#39;t do enough research into who their customer are and what they&#39;re trying to accomplish,&quot; Cochrane explained to the news source. &quot;If I engaged you previously, you need to know so I don&#39;t have to rehash who I am and what I&#39;m trying to do.&quot;</p>
<p>One uniquely effective way to address all of these concerns is through the integration of social media in customer relationship management (CRM) systems. <a href="http://www.teletech.com/lp-key/social-crm" class="dnautolink">Social CRM</a> utilities help companies make sense of the wealth of information exchanged in online environments and leverage it to build deeper, more accurate customer profiles.</p>
<p>In addition to interpreting implicit feedback expressed in blog posts and online forums, social CRM can provide ways for businesses to gather explicit feedback as well. According to InformationWeek columnist Debra Donston-Miller, directly soliciting customer input through online surveys and similar methods can help uncover unique insights that would have otherwise remained hidden.</p>]]></content:encoded></item>		<item><title>Playing to Customer Care Strengths</title><link>http://www.teletech.com/news/customer-management/playing-to-customer-care-strengths-800726869</link><pubDate>2012-03-09T00:00:00</pubDate><content:encoded><![CDATA[ Customer service is a multifaceted endeavor, requiring thoughtful strategy and engagement on several fronts. But in the quest to optimize the customer experience, companies may be wiser to restrict their focus to the expert management of just a few channels.<br/><br/>Customer relationship management (CRM) has undergone several significant changes in recent years, in terms of both technology and strategy. Unfortunately, keeping up with the pace of innovation is no easy task and trying to incorporate all of the latest and greatest tools and concepts may do more harm than good. Instead of spreading resources too thin and risking a decline in the quality of customer care, it may be smarter to focus on showcasing one&#39;s strengths instead.<br/><br/>According to Forbes, companies must realize that capital and energy are finite resources. At a certain point, it may be wiser to consciously under-invest in certain areas to free up time, money, and staff to build upon customer service strengths.<br/><br/>To make the correct choices when deciding which programs to cut and which campaigns to keep, a business must first understand what is most important to its customers. For example, a clear demand for efficient self-service options could signal impetus for upgrading a contact center&#39;s interactive voice response (IVR) system with advanced speech analytics.]]></content:encoded></item>		<item><title>C-Suite: Who Is In Charge of Procurement Outsourcing?</title><link>http://www.teletech.com/news/enterprise-management/c-suite-who-is-in-charge-of-procurement-outsourcing-800726163</link><pubDate>2012-03-09T00:00:00</pubDate><content:encoded><![CDATA[ Procurement outsourcing continues to grow in popularity as a viable business strategy for companies across the globe. Service providers tout the prospect of offering deep skills and operational efficiencies to logistics management. Usually, procurement providers offer indirect services, rather than direct materials.<br/><br/>But many companies disagree over how the outsourcing of procurement processes should be handled. In a recent article for Spend Matters, Peter Smith argues that these services should be catered to finance executives, as well as procurement officers.<br/><br/>&quot;That may be because the [chief finance officer] is looking for change and perhaps isn&#39;t overly happy with the [chief procurement officer] performance - or it may simply be that the organization doesn&#39;t have a procurement functional leader who is senior enough to make an outsource type decision,&quot; he writes.<br/><br/>In that sense, the CFO may be the ideal target for an outsourcing sales pitch or contract negotiation.<br/><br/>Organizations that choose to outsource some or a majority of their business processes should seek a balance between optimal performance and operational control. How finances factor into that balance may be best left to the C-suite.]]></content:encoded></item>		<item><title>U.S. Companies Look South for New Outsourcing Destinations</title><link>http://www.teletech.com/news/enterprise-management/u-s-companies-look-south-for-new-outsourcing-destinations-800726708</link><pubDate>2012-03-09T00:00:00</pubDate><content:encoded><![CDATA[ As the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> market continues to broaden, many U.S. companies are looking to Latin America to host technology, IT, and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> services. Clients are attracted to the proximity, cultural familiarity, and surmountable language barriers that these markets offer.<br/><br/>Mexico is a particularly vibrant outsourcing market, by virtue of its shared border with the U.S. and its rising economic position within the global marketplace.<br/><br/>&quot;Mexico has made important advances,&quot; Javier Allard, president of the Mexican IT industry trade group AMITI, told Smart Planet. &quot;We don&#39;t want to compete with India, China, or the Philippines. There are many niches.&quot;<br/><br/>U.S.-based clients are diversifying their portfolio of IT and business service suppliers, and companies that had been shipping the majority of their business to outsourcing hubs in Asia are now beginning to tap the Latin American markets.<br/><br/>Climbing labor costs, attrition and congested infrastructure have made markets such as China and India more problematic to U.S. companies. India, with its massive population and firmly embedded market of contact centers, remains the world&#39;s outsourcing leader, but Mexico is rising and is already at the top of the Latin American sector.]]></content:encoded></item>		<item><title>Researchers Tie Social CRM to Increased Productivity</title><link>http://www.teletech.com/news/contact-center-technology/researchers-tie-social-crm-to-increased-productivity-800726374</link><pubDate>2012-03-08T00:00:00</pubDate><content:encoded><![CDATA[ The inclusion of social and mobile tools in customer relationship management (CRM) systems have been welcome additions from consumers seeking faster and more effective service. These technologies seem to be paying dividends within the office environment as well, according to the latest report from Nucleus Research.<br/><br/>In a survey of 223 CRM decision makers, Nucleus analysts found that companies were experiencing average productivity gains of 14.6 percent and 11.8 percent from mobile CRM and <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> deployments, respectively.<br/><br/>&quot;Given the relatively low price point of many mobile CRM applications and the fact that most social capabilities are bundled into CRM at on additional per-user price, organizations that do not explore mobile and social strategies are likely to lose competitive advantage in 2012 to those competitors that do embrace these technologies,&quot; explained Nucleus vice president of research Rebecca Wettemann.<br/><br/>Aside from providing contact center agents with the ability to provide efficient customer care across a greater variety of channels and complete more transactions each day, the benefits of mobile and social CRM are being seen outside of the customer service arena as well.<br/><br/>According to Nucleus, sales teams have responded particularly well to the new technology, enjoying new capabilities such as updating their prospect pipelines via smartphone and using social CRM utilities to gather deeper insight into consumer sentiments.]]></content:encoded></item>		<item><title>Biopharma Companies Turn to R&amp;D Outsourcing to Address Economic Pressures</title><link>http://www.teletech.com/news/enterprise-management/biopharma-companies-turn-to-r-d-outsourcing-to-address-economic-pressures-800724944</link><pubDate>2012-03-08T00:00:00</pubDate><content:encoded><![CDATA[ Amid global economic uncertainty, biotech and pharmaceutical firms from around the world are looking to cut costs and improve operational efficiency. To that end, many companies have begun outsourcing core processes, but with pressure mounting many are even relinquishing their research and development (R&amp;D) practices to third-party providers.<br/><br/>According to a survey released Wednesday by global consulting firm Booz &amp; Company, more than two-thirds of surveyed biopharmaceutical companies - 67 percent - expect strong growth in R&amp;D outsourcing in coming years.<br/><br/>&quot;There is a sea change happening in the biopharmaceutical industry,&quot; said Matthew Le Merle, a partner at Booz &amp; Company. &quot;Companies first started to outsource to CROs to get R&amp;D done faster and cheaper. However, this study clearly signals that biotech executives are now looking for more - more value, more expertise, and more innovation.&quot;<br/><br/>Most outsourcing in this market occurs in the U.S. (64 percent) and western Europe (15 percent), but respondents anticipate clinical trials to reach Asia in the next two to three years.<br/><br/>As for the reasons why companies are outsourcing R&amp;D, 53 percent cite a lack of certain internal capabilities. Thirty-eight percent blame insufficient internal capacity, and 44 percent feel they need to cut costs.]]></content:encoded></item>		<item><title>Realizing the Value of Customer Feedback</title><link>http://www.teletech.com/news/customer-management/realizing-the-value-of-customer-feedback-800725371</link><pubDate>2012-03-07T00:00:00</pubDate><content:encoded><![CDATA[ No company enjoys hearing negative feedback from their customers, but this outsider perspective can be the key to inspiring innovation. To capture this valuable insight, most organizations would benefit by starting in the contact center.<br/><br/>According to analysts from the Customer Contact Association (CCA), 89 percent of British consumers are apt to report poor service experiences to the organizations they do business with. Unfortunately, just 44 percent believe their feedback is being taken to heart. CCA researchers noted that a misallocation of contact center resources may be to blame.<br/><br/>Although email was the most popular feedback channel among survey respondents, two out of three organizations indicated that they respond to less than a quarter of these messages. Additionally, contact center agents are rarely encouraged or required to share their call notes with superiors.<br/><br/>&quot;Responding to customer comments - whether positive or negative - can yield value in many different ways,&quot; InformationWeek contributor Debra Donston-Miller advised in a recent column. &quot;It makes that customer feel good, it makes others who are seeing your response to that customer feel good, and it keeps the conversation - and the customer relationship - going.&quot;<br/><br/>The value of this feedback also grows when it is shared across departments, according to Donston-Miller, as it arms marketing and sales teams with insight into consumer expectations and desires.]]></content:encoded></item>		<item><title>Healthcare, Outsourcing Markets Face Contracting Challenges</title><link>http://www.teletech.com/news/enterprise-management/healthcare-outsourcing-markets-face-contracting-challenges-800722978</link><pubDate>2012-03-07T00:00:00</pubDate><content:encoded><![CDATA[ The healthcare industry is one of the most dynamic and rapidly changing markets in the U.S. With the advent of healthcare reform, companies will need to employ comprehensive compliance and outsourcing procedures to remain competitive and sustain growth.<br/><br/>A new report from research firm Best Practices shows how pharmaceutical and biotech research leaders need to constantly evaluate their strategies for outsourcing labor. Essentially, executives and decision-makers need to find an optimal balance of external contract employees, so as to eliminate redundancies, boost operational performance, and enhance productivity.<br/><br/>The outsourcing and healthcare markets also face challenges in terms of industry research and decision-making, as data and analysis are increasingly subjected to rapid shifts in conditions that render previous reports irrelevant or obsolete.<br/><br/>&quot;While previous studies have captured key metrics to identify optimal resource levels for maximum competitiveness, regulatory and other changes have continued to erode the effectiveness of the industry&#39;s proven business model - a fact pressing executives to reconsider efficient levels of human and capital investment,&quot; Best Practices reported in a statement.]]></content:encoded></item>		<item><title>Analytics Outsourcing: Making the Decision</title><link>http://www.teletech.com/news/enterprise-management/analytics-outsourcing-making-the-decision-800723902</link><pubDate>2012-03-07T00:00:00</pubDate><content:encoded><![CDATA[ Many organizations, both public and private, have turned to outsourcing as a means of boosting their operational capacities while also improving their bottom lines. But as the economy continues to evolve and job market dynamics shift, certain business processes are in more demand than others.<br/><br/>Laboratory analytics, for example, have long been viewed as a critical in-house process that relies on the expertise of scientists and practitioners to be handled effectively. But that&#39;s beginning to change. According to Aspex manager of analytical services Marie Vic&eacute;ns, the benefits of well-researched outsourcing can outweigh isolated cost concerns.<br/><br/>&quot;When done properly, outsourcing not only increases savings, but also delivers higher quality, more comprehensive analytical services and results, as well as faster turnaround times, than analyses performed by in-house personnel who lack expertise and proper equipment,&quot; Vic&eacute;ns wrote for Laboratory Equipment magazine.<br/><br/><a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">Business process outsourcing</a> in analytics can also help develop sustainable relationships for future projects and equipment purchases.<br/><br/>Still, decision-makers need to carefully weighing the financial benefits of an outsourcing deal. More accurately, they need to find the right balance of optimal performance and cost efficiency.]]></content:encoded></item>		<item><title>Running the Right Customer Loyalty Campaign</title><link>http://www.teletech.com/news/customer-management/running-the-right-customer-loyalty-campaign-800724332</link><pubDate>2012-03-06T00:00:00</pubDate><content:encoded><![CDATA[ Tight budgets and empowered consumers have made securing customer loyalty a top priority - and growing challenge - for companies around the world. But instead of following perceived best practices, brands would better served by designing a customer experience that makes sense for their unique business and clientele.<br/><br/>In a recent interview with the Street, branding expert Tom Kelley asserted that customer loyalty programs should be a central pillar of marketing strategy.<br/><br/>&quot;They increase the amount of interaction you have with your guests and you&#39;re able to communicate extra value, which is critical, especially in times like this,&quot; Kelley told the news source. &quot;There&#39;s always ability to reach out and offer somebody who is not necessarily buying right now to buy with some kind of additional promotion.&quot;<br/><br/>The best loyalty programs provide a nuanced customer experience with several different layers of engagement, according to Kelley, and are diligently structured with profit margins in mind. Massive discounts may win early approval, for example, but they are not a sustainable business strategy.<br/><br/>The financial services landscape is one sector in particular that could benefit from a revitalization of branding and customer loyalty campaigns. According to J.D. Power and Associates, frustration with nominal fees, poor service, and unmet expectations are leading to escalation of customer defection rates within banks of all sizes.]]></content:encoded></item>		<item><title>Report: Speech Analytics Underutilized in Contact Center IVR Systems</title><link>http://www.teletech.com/news/contact-center-technology/report-speech-analytics-underutilized-in-contact-center-ivr-systems-800722946</link><pubDate>2012-03-05T00:00:00</pubDate><content:encoded><![CDATA[ Interactive voice response (IVR) systems often provide the first point of interaction for customers calling a contact center. However, a number of companies have failed to update these automated customer care solutions to incorporate more intelligent speech recognition technologies.<br/><br/>According to a recent survey of 425 industry professionals conducted by Call Centre Helper, just 18 percent of contact centers have incorporated speech analytics in their IVR systems. Analysts also noted that their findings were in line with separate figures obtained by ContactBabel suggesting that just one in 10 contact centers use speech recognition.<br/><br/>The rates at which contact centers utilized the technologies was consistent across organizational size. Approximately seven in 10 of the largest customer service operators employ touchtone IVR systems, according to Call Centre Helper, but just one in five use speech analytics. The disparity was even sharper among smaller contact centers in which just 6 percent of the 56 percent with IVR in place utilized speech recognition software as well.<br/><br/>One of the most commonly cited complaints was system accuracy, with many solutions encountering particular difficulty analyzing regional accents. As a result of these frustrations, there may be a significant opportunity for developers of alternative self-service options such as web and mobile applications.]]></content:encoded></item>		<item><title>Survey Highlights Increasing Role of Customer Experience in Contact Center Performance</title><link>http://www.teletech.com/news/customer-management/survey-highlights-increasing-role-of-customer-experience-in-contact-center-performance-800720809</link><pubDate>2012-03-02T00:00:00</pubDate><content:encoded><![CDATA[ Customer experience is increasingly viewed as a leading imperative when it comes to contact center management. A survey of customer care organizations in the U.S., U.K., Australia and Canada found customer satisfaction metrics now exceed cost savings and efficiency metrics as the primary barometer of contact center success.<br/><br/>Nearly 70 percent of respondents pointed to investment in online services, such as social media and live chat, as instrumental in driving up customer satisfaction.<br/><br/>These trends have incited the 90 percent of organizations that claim to now measure the success of their service and support according to customer satisfaction metrics. More than two-thirds - 69 percent - claim they currently are or plan to quantify the direct financial benefits of higher customer satisfaction levels. These trends are likely to broaden as contact centers look to expand their services across all mobile, online and telephonic platforms.<br/><br/>&quot;Today&#39;s operators and device OEMs are increasingly looking at customer experience as a means of differentiation,&quot; said Aphrodite Brinsmead, customer interaction analyst at Ovum. &quot;The data suggests that this customer-centric approach will become more prevalent over the next few years, as companies invest in analytics and mobile applications.&quot;]]></content:encoded></item>		<item><title>Gamification Improving All Sides of the Customer Experience</title><link>http://www.teletech.com/news/customer-management/gamification-improving-all-sides-of-the-customer-experience-800722255</link><pubDate>2012-03-02T00:00:00</pubDate><content:encoded><![CDATA[ Gamification has become an influential concept in several domains as it provides a novel approach to increasing user engagement in behaviors formerly considered mundane, boring, or repetitive. First applied within the contact center space as a means to motivate agents, more companies are applying gamification principles externally to craft deeper, more interesting customer experiences.<br/><br/>According to ZDNet, it would be misleading to suggest that gamification is a completely new idea. For instance, sales departments have been creating internal competitions for many years, often complete with complex point systems, real-time leaderboards, and prizes for top performers. But the recent digitization and automation of gamification has significantly extended its appeal and led to a whole new wave of applications from marketers and brand designers hoping to provide a more engaging customer experience.<br/><br/>&quot;Traditional loyalty programs that only reward transactions that reward only transaction are no longer relevant in today&#39;s digital world,&quot; marketing executive Kris Duggan wrote in a recent guest column for the Washington Post. &quot;Being able to track and reward behaviors outside of pure transaction increases lifetime user loyalty and can significantly lift metrics such as social referrals, user-generated content, media views, product ratings, and more.&quot;<br/><br/>Simply adding the most popular gamification applications to a company&#39;s homepage will be of little use, however. Duggan added that these tools will only deliver value if they are set in the correct social context and integrated with all other proprietary platforms that contribute to the customer experience.]]></content:encoded></item>		<item><title>How to Share Information More Efficiently in the Contact Center</title><link>http://www.teletech.com/news/enterprise-management/how-to-share-information-more-efficiently-in-the-contact-center-800721947</link><pubDate>2012-03-02T00:00:00</pubDate><content:encoded><![CDATA[ One of the main reasons businesses outsource processes to contact centers and service providers is to streamline their operations and boost capacities. Accordingly, <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> firms need to make sure their own internal processes are smooth and efficient, and that means always being on the lookout for unsustainable or costly practices.<br/><br/>How an organization shares information among its partners and employees is a critical component of proper operational performance. In the environment of the contact center, it&#39;s very easy for important information to be lost or overlooked, as agents are constantly busy handling calls, meeting guidelines, and navigating administrative procedures.<br/><br/>For that reason, managers should leverage their existing technologies - be it social media, email, or a company intranet - to ensure proper communication throughout the employee network.<br/><br/>&quot;Keep alerts short and provide a mechanism for requesting clarification for agents who are confused,&quot; writes Stewart Buskirk for Multichannel Merchant. &quot;Create standing, subject-specific discussion forums where agents can ask clarifying questions and discuss their customer service experiences with each other, and review past discussions.&quot;<br/><br/>It may also help to direct someone to review these communications from time to time, so as to manage efficiency and best practices, Buskirk adds.]]></content:encoded></item>		<item><title>Filtering Valuable Feedback With Social CRM</title><link>http://www.teletech.com/news/customer-management/filtering-valuable-feedback-with-social-crm-800721189</link><pubDate>2012-03-01T00:00:00</pubDate><content:encoded><![CDATA[ Business managers looking to generate the next big idea or competitive differentiator may be wise to look outside of company walls. By incorporating social media tools into current customer relationship management (CRM) systems, service staff will be able to efficiently gather and analyze client feedback and relay insights to marketing and sales teams.<br/><br/>Before designing <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategies, organizations should understand the important distinction between active and passive feedback.<br/><br/>&quot;This whole social networking thing is still relatively new, after all, and some people have yet to jump on board,&quot; InformationWeek contributor Debra Donston-Miller noted in her latest report. &quot;To get a good variety and volume of feedback from customers on social network platforms, you may have to do a little cajoling or even enticing. Set up a poll.&quot;<br/><br/>Conversely, passive feedback is generating the most buzz as it touches on the larger phenomenon of big data analysis. Advanced technologies have emerged to monitor behavior on sites like Facebook, Twitter, and Yelp to collect, integrate, and interpret consumer sentiments.<br/><br/>According to Mashable contributor and customer experience specialist Joshua March, social CRM analysis can now provide companies with insight into how their brands are perceived, which products and services resonate with consumers and how customer segments differ from one another.]]></content:encoded></item>		<item><title>How Contact Centers Are Leveraging Web, Social Media Tools</title><link>http://www.teletech.com/news/customer-management/how-contact-centers-are-leveraging-web-social-media-tools-800719534</link><pubDate>2012-02-29T00:00:00</pubDate><content:encoded><![CDATA[ In the face of new market challenges and business methods, contact centers are beginning to leverage internet and social media resources to support their operations and improve customer experience.<br/><br/>Multichannel Merchant contributor Lauren Ziskie points to a few ways service providers are doing this. One strategy is to connect customers with other customers, either through crowdsourcing services of peer networks. With social media communities, customers have the option of posting comments and questions online, providing a platform for discussion and individual assistance.<br/><br/>Other service providers have developed online communities for sharing ideas, offering suggestions, and voting on important subjects. This allows good ideas to float to top and broaden awareness to both the contact center and the client.<br/><br/>The ubiquity of mobile technology, including smartphones and tablet computers, has also changed the way contact centers serve their customers.<br/><br/>&quot;Ordering, viewing or paying bills, or rating your experience are all activities that can be done using a smartphone and mobile app,&quot; Ziskie writes. &quot;On the flip side, signing up to receive an order reminder or payment confirmation are activities that can be done using SMS strategies. Employ these two channels and watch your contact center call volume drop.&quot;]]></content:encoded></item>		<item><title>Priming Online Communities for Rewarding Customer Experiences</title><link>http://www.teletech.com/news/customer-management/priming-online-communities-for-rewarding-customer-experiences-800719368</link><pubDate>2012-02-29T00:00:00</pubDate><content:encoded><![CDATA[ Marketing directors are hearing advice from all angles suggesting that establishing an online community for their brand is an essential means of surviving in the era of social commerce. However, companies must make sure that they are augmenting their customer experience designs for the right reasons and not simply following the crowd.<br/><br/>According to Business2Community writer Joshua Paul, online communities, social customer relationship management (CRM), and proactive member engagement tools are quickly gaining traction - and for good reason. Unfortunately, best practices for deploying these strategies have been slow to emerge.<br/><br/>&quot;Many organizations still see these emerging technologies as a checkbox for managing customers or members in the age of social media,&quot; Paul noted in his latest column. &quot;However, the most successful companies and associations, that are experiencing a lasting impact on their organization&#39;s key performance indicators, build their communities around established business goals.&quot;<br/><br/>Strategies should not be focused on the need to establish <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> suites or desire to build a new engagement portal, according to Paul, but rather on concrete objectives like improving customer retention and creating a competitive differentiator.<br/><br/>With these thoughts in mind, community developers will stand a far better chance of designing an optimal customer experience. The clear correlation between customer satisfaction and key business indicators will naturally inspire the diligence to find out exactly what clients want and deliver to expectations.]]></content:encoded></item>		<item><title>Study: Media Sector Among Most Active for Outsourcing Plans</title><link>http://www.teletech.com/news/enterprise-management/study-media-sector-among-most-active-for-outsourcing-plans-800719533</link><pubDate>2012-02-29T00:00:00</pubDate><content:encoded><![CDATA[ The global outsourcing sector is expanding rapidly. With a keen eye on bottom lines, companies from a wide range of market sectors are adopting <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> and shared services to improve performance.<br/><br/>Accordingly, it&#39;s no surprise analysts have begun researching the motives and habits behind outsourced and shared services, namely the different trends that exist from industry to industry.<br/><br/>Th 2011 State of Outsourcing Study - conducted by the Outsourcing Unit, HfS Research, and the London School of Economics - evaluates which verticals are the most active within the global outsourcing market.<br/><br/>Plans for outsourcing various business processes and administrative functions are most common in the entertainment, media and publishing industries, with 33 percent intending to outsource and 13 percent planning to leverage shared services.<br/><br/>Twenty-seven percent of software, hi-tech and energy firms pan to increase their outsourcing of processes. Not surprisingly, the public sector was the least active in outsourcing plans.<br/><br/>&quot;The radical impact outsourcing can potentially have on business performance is clearly becoming more attractive to those businesses in the throes of tackling fundamental challenges and opportunities to their business environments,&quot; writes the blog Horses for Sources.]]></content:encoded></item>		<item><title>Personal Connection Makes the Difference in Customer Experience</title><link>http://www.teletech.com/news/customer-management/personal-connection-makes-the-difference-in-customer-experience-800718526</link><pubDate>2012-02-28T00:00:00</pubDate><content:encoded><![CDATA[ Customer experience has become the buzzword of choice in the service industry in recent months, sparking countless debates, generating dozens of theories, and reshaping business offerings along the way. But for all the high-level analysis applied to this concept, the fundamental ability to foster a personal connection between company and consumer may still be the decisive criteria for quality customer care.<br/><br/>Taking this idea to heart could help local banks, for example, capitalize on a rare market opportunity. According to the latest research from IntelliShop and RateWatch, credit unions and small community banks are not doing nearly enough to capture the attention of a growing number of customers frustrated by large financial institutions.<br/><br/>By posing as prospective clients, analysts found that big banks were almost twice as likely to collect personal contact information and actually make a sales offer within their initial customer interaction. Simply put, smaller organizations often lacked the &quot;people skills&quot; and initiative to convert leads.<br/><br/>&quot;The fact that the larger banks were more engaging at a personal level came as a surprise,&quot; noted research coordinator Rachelle Zorn.<br/><br/>Although it may have taken a wave of consumer backlash to alert big banks to some of their most frustrating customer service shortcomings, it appears at least some have internalized lessons learned and begun to deliver a more personalized customer experience.]]></content:encoded></item>		<item><title>Logistics Outsourcing Continues to Gain Popularity</title><link>http://www.teletech.com/news/enterprise-management/logistics-outsourcing-continues-to-gain-popularity-800716908</link><pubDate>2012-02-28T00:00:00</pubDate><content:encoded><![CDATA[ As supply networks continue to globalize and grow more complicated, logistics outsourcing is beginning to gather steam as a viable corporate strategy. But at this market evolves amid changing market conditions and economic circumstances, outsourcing clients are shifting their priorities in hiring third-party logistics providers (3PLs).<br/><br/>According to a survey released this week by business intelligence service eyefortransport (EFT), companies value quality and price as their top factors in choosing and outsourcing service.<br/><br/>&quot;The results showed a marked disparity between the supposed and actual causes,&quot; EFT explains in a report. &quot;While shippers identified cost creep, poor service, and competitors offering a better service as their reasons, 3PLs have been assuming that the primary causes are competitors&rsquo; lower prices, poor service and relationship management issues.&quot;<br/><br/>The report alludes to evolving nature of the global outsourcing market, which last year had its busiest year on record, according to Information Services Group. Customer service contact center are beginning to take on more complex business processes, such as IT hosting, human resources, and accounting. Outsourcing of procurement and logistics is one of the more recent trends, as companies continue to note the value of a reliable and consistent supply chain.]]></content:encoded></item>		<item><title>Focus on Customer Experience Could Revitalize Airlines</title><link>http://www.teletech.com/news/customer-management/focus-on-customer-experience-could-revitalize-airlines-800715811</link><pubDate>2012-02-27T00:00:00</pubDate><content:encoded><![CDATA[ It has been a difficult few years for the airline industry as economic realities prompted a number of service cuts that did not sit well with customers. To regain market standing and attract new clientele, analysts from PricewaterhouseCoopers (PwC) suggest that a focus on customer experience could be the distinguishing factor.<br/><br/>&quot;As cost management becomes less of a differentiator for airlines, carriers are seeking to create a competitive advantage by strengthening ties to consumers through an improved customer experience,&quot; PwC advisor Jonathan Kletzel explained. &quot;Airlines that have a crystal-clear understanding of what flyers want, need, and value most can be better positioned in the market and can achieve a higher price premium.&quot;<br/><br/>Delta recently shifted its focus to the incorporation of social media tools into customer relationship management (CRM) platforms to gain unique market insights and deliver instant updates to its customers. According to Advertising Age, the company plans to roll out several new <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> utilities in the coming months to close the gap on Southwest Airlines&#39; industry-leading customer care.<br/><br/>The wealth of information gathered through social CRM is already being viewed as a promising means of identifying or even creating brand ambassadors. This is particularly important in the airline industry where, according to PwC, two out of 10 flyers will remember bad travel experiences and continuously share their sentiments with others.]]></content:encoded></item>		<item><title>Customer Experience Trumps Cost Savings With Contact Centers</title><link>http://www.teletech.com/news/contact-center-technology/customer-experience-trumps-cost-savings-with-contact-centers-800717049</link><pubDate>2012-02-27T00:00:00</pubDate><content:encoded><![CDATA[ In a recent survey of more than 100 contact center managers conducted by Ovum market research, analysts discovered a notable shift in operational metrics. Whereas cost savings have long been the primary concern within the industry, findings highlighted the growing importance of customer satisfaction.<br/><br/>Within the study of large telecommunications providers, respondents indicated that new metrics such as average handle time and first call resolution are being prioritized as primary indicators of success within their contact centers. Additionally, 70 percent of those polled indicated that they have authorized increased investment in online technologies such as live chat and social media as a means of revitalizing their customer relationship management (CRM).<br/><br/>&quot;Today&#39;s operators and device OEMs [original equipment manufacturers] are increasingly looking at customer experience as a means of differentiation, and we believe this is changing the way they engage with their customers,&quot; said Ovum analyst Aphrodite Brinsmead. &quot;The data suggests that this customer-centric approach will become more prevalent over the next few years, as companies invest in analytics and mobile applications in order to improve service across all devices and touch points.&quot;]]></content:encoded></item>		<item><title>Effective Customer Support Could Become Legal Mandate</title><link>http://www.teletech.com/news/customer-management/effective-customer-support-could-become-legal-mandate-800715229</link><pubDate>2012-02-24T00:00:00</pubDate><content:encoded><![CDATA[ Customer experience managers across industries may be wise to turn their attention toward the Australian telecommunications sector after government officials recently unveiled plans to sanction providers that fail to live up to certain standards of customer care.<br/><br/>According to ITWire, the new penalty structure comes out of two important pieces of legislation passed in recent years: the universal service obligation (USO) and retail customer service guarantee (CSG) performance benchmarks.<br/><br/>&quot;The CSG standard is designed to protect consumers against poor customer service by setting time frames to be met by service providers for the connection, fault repair, and keeping of appointments in relation to standard telephone services,&quot; communications minister Stephen Conroy told reporters after the bill was enacted late last year.<br/><br/>With the maximum fine set at $2 million, according to the news source, the nation&#39;s main telecommunications provider Telstra is already taking notice. According to IDG News, the company recently turned to Facebook to facilitate instant client communications and gain insight into how to design a more satisfying customer experience.]]></content:encoded></item>		<item><title>Contact Centers May Not Be Taking Full Advantage of Management Systems</title><link>http://www.teletech.com/news/contact-center-technology/contact-centers-may-not-be-taking-full-advantage-of-management-systems-800714388</link><pubDate>2012-02-24T00:00:00</pubDate><content:encoded><![CDATA[ A large number of contact centers in North America are not taking full advantage of workforce and enterprise management solutions, according to a survey released this week by Noble Systems.<br/><br/>The report shows nearly two-thirds of surveyed contact centers have yet to adopt workforce management software, which can help leaders schedule and monitor employees while also providing customer support solutions.<br/><br/>Analysts point out that labor is a major component of contact center management, often accounting for roughly 70 percent of an organization&#39;s operating budget. While global demand is on the rise for outsourcing services and technologies, the highly competitive nature of the industry underscores the importance of efficient operations and agent performance.<br/><br/>&quot;The benefit of engaging the right number of skilled people and supporting resources in the right place at the right time cannot be overestimated,&quot; points out James Noble, president and CEO of Noble.<br/><br/>Even so, the research suggests that the adoption of learning services and employee management technology is progressing at a slower pace than many industry leaders had assumed. Accordingly, service providers should take time to review their organization&#39;s specific training and customer service needs, and adopt solutions that align with those conditions.]]></content:encoded></item>		<item><title>Customer Support Falling Short Among Health Insurers</title><link>http://www.teletech.com/news/customer-management/customer-support-falling-short-among-health-insurers-800714278</link><pubDate>2012-02-23T00:00:00</pubDate><content:encoded><![CDATA[ Navigating the complexities of insurance claims is no easy task, but recent analysis from researchers at the Temkin Group has revealed that health plan providers have now fallen behind all other U.S. industries when it comes to providing satisfactory customer support.<br/><br/>The 2012 Temkin Experience Ratings surveyed 10,000 Americans regarding their interactions with more than 200 large companies across 18 industries. Health plan providers garnered disproportionately low ratings for customer care, claiming four of the bottom seven organizations in the sample. Additionally, the highest-ranking health insurer placed 87th overall, making the sector one of only three industries to receive an average rating of &quot;poor.&quot;<br/><br/>&quot;It&#39;s troubling that only one health plan can even achieve an &#39;okay&#39; rating; the entire industry needs a customer experience wake-up call,&quot; suggested lead report author Bruce Temkin. &quot;While it&#39;s great to see some improvement, it&#39;s not enough.&quot;<br/><br/>For insight on how to improve their customer support frameworks, it may be wise for health plan providers to look at the criteria used by Temkin analysts. Each organization was judged on the functionality, accessibility, and emotional characteristics of its customer care practices. To provide an ideal customer experience, contact center agents must focus on not simply meeting consumer needs, but identifying with their sentiments and making the resolution process as fast and easy as possible.]]></content:encoded></item>		<item><title>Making the Best of Challenging Contact Center Interactions</title><link>http://www.teletech.com/news/customer-management/making-the-best-of-challenging-contact-center-interactions-800713360</link><pubDate>2012-02-22T00:00:00</pubDate><content:encoded><![CDATA[ There are a number of subtle differences in the typical day of an <a href="http://www.teletech.com/lp-key/at-home-agent">at home agent</a> when compared to his or her hosted contact center counterparts, but all customer care professionals can agree that some days try their patience more than others. To ensure both customer and agent leave unpleasant interactions in a civil manner, managers must ensure that their staff are prepared to face these challenging situations.<br/><br/>When facing an inbound complaint call, there are a number of steps agents can take to prevent the situation from escalating into something that could compromise a business-client relationship. Even if a current transaction is beyond repair, customer experience specialist Marie Thomas recently suggested in an interview with Call Centre Helper that the concept of &quot;amicable endings&quot; can salvage the conversation and potentially reverse customer perceptions.<br/><br/>First, Thomas encourages contact center agents to validate the caller&#39;s opinions by offering a sincere apology for the company&#39;s transgression and thank them for their feedback. Next, agents must provide a road map for a positive resolution - such as a discounted upsell - and discuss how the customer will be updated on progress along the way.<br/><br/>Such skills could be particularly valuable for not only preserving civility, but preserving budgets as well. According to the latest research from industry analysts at Natterbox, six out of 10 customers say they would discontinue a service on the basis of a poor contact center experience.]]></content:encoded></item>		<item><title>Satisfying Customers With Simplicity</title><link>http://www.teletech.com/news/contact-center-technology/satisfying-customers-with-simplicity-800712062</link><pubDate>2012-02-22T00:00:00</pubDate><content:encoded><![CDATA[ The strategies and metrics surrounding customer satisfaction seem to grow more complex by the day, but companies may be better served by scaling back their focus to of offer the simplest, easiest customer experience possible.<br/><br/>Although much attention is paid to selecting robust customer relationship management (CRM) tools and training agents on call resolution strategy, many consumers would prefer that their inquiries never reach this level. Conversely, customers are seeking self-service options that allow them to answer their own questions quickly and effectively.<br/><br/>&quot;The truth is, the best and most consumer-friendly IVR [interactive voice response] systems save callers time by easily answering the questions most frequently asked, and by connecting them to the best available agent for complex inquiries,&quot; Destination CRM contributors Dan Fox and Mark Nuckols explained in a recent column. &quot;The problem is, most IVRs simply don&#39;t do this well.&quot;<br/><br/>Instead of setting up &quot;containment&quot; strategies that keep customers within IVR menus until an agent is available to field their requests, companies must adapt to provide a faster and more intuitive customer experience. According to Fox and Nuckols, the perceived amount of effort customers must exert to complete a transaction is now one of the most important predictors of future purchasing behavior.]]></content:encoded></item>		<item><title>Outsourcing: Finding a Balance Communication and Infrastructure Development</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-finding-a-balance-communication-and-infrastructure-development-800712167</link><pubDate>2012-02-22T00:00:00</pubDate><content:encoded><![CDATA[ A recent report by Information Services Group showed last year was the busiest on record for the global outsourcing market. With demand for host services and technology on the rise, prospective clients are also beginning to turn their heads.<br/><br/>Of course, as the market grows so does the diversity of geographical markets and service offerings. For example, business and knowledge process outsourcing are among the latest industry trends, as they provide a new way for companies to outsource their IT functions, with new technologies such as cloud computing, software as a service (SaaS), data and contact centers.<br/><br/>&quot;IT and customer support services are fast becoming the most outsourced services by enterprises,&quot; writes Jiaqi Sun for IT Web. &quot;These two service categories require outsourcers to procure necessary hardware and software to support the provision of IT systems and contact centers.&quot;<br/><br/>Today&#39;s business landscape, particularly in regards to IT, increasingly requires a balance of infrastructure development and enterprise communication. Outsourcing and learning services can help organizations find that balance while also cutting operational costs and boosting resource efficiency.]]></content:encoded></item>		<item><title>Rethinking Customer Satisfaction Surveys</title><link>http://www.teletech.com/news/customer-management/rethinking-customer-satisfaction-surveys-800712059</link><pubDate>2012-02-21T00:00:00</pubDate><content:encoded><![CDATA[ The advent of social media has introduced a new level of complexity to customer relationship management (CRM), and companies attempting to measure satisfaction with traditional tools could be misled by their findings.<br/><br/>&quot;As markets become increasingly saturated, it has become more and more important to keep the customer you already have,&quot; Target Marketing Magazine columnist Kimberly Reynolds explained in a recent report. &quot;The claim that is costs five to eight times more to obtain new customers than to hold on to current ones is true.&quot;<br/><br/>But although most companies are aware of importance of measuring customer satisfaction, the traditional survey-based approach may have outlived its usefulness.<br/><br/>One of the major downsides of customer satisfaction surveys, according to Business Finance Magazine, is that most people simply do not respond unless they are extremely pleased or utterly disappointed with a particular company interaction. Additionally, the follow-up questions required to extract insight regarding a concept may test the patience of consumers and risk aggravating a disgruntled customer even further.<br/><br/>To measure customer satisfaction more accurately and less invasively, the news sources suggests companies focus on measuring sentiments expressed on social media platforms. By integrating feedback from Yelp and Twitter into <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> databases, marketing and customer service teams will have many more data points to analyze and can gather a more comprehensive, representative view of customer satisfaction.]]></content:encoded></item>		<item><title>Distinguishing Between Social CRM Presence and Progress</title><link>http://www.teletech.com/news/customer-management/distinguishing-between-social-crm-presence-and-progress-800711527</link><pubDate>2012-02-20T00:00:00</pubDate><content:encoded><![CDATA[ Social media has fundamentally changed the way companies now design and utilize their customer relationship management (CRM) systems. However, those that assume merely establishing their presence on social channels is sufficient for attracting and serving customers could be in for a rude awakening.<br/><br/>&quot;As smart and connected technology matures beyond a luxury into everyday commodities, consumer expectations only inflate. As a result, functionality, connectedness, and experiences emerge as the lures for attention,&quot; <a href="http://www.teletech.com/capabilities/integrated-customer-management">customer management</a> expert Brian Solis wrote in a recent guest column for Fast Company. &quot;For brands to compete for attention now take something greater than mere presences in the right channels or support for the most popular devices.&quot;<br/><br/>According to Solis, most companies would be better served by working backward from one ideal customer experience, as opposed to focusing so heavily on factors associated with a particular medium. Instead of simply staking flags on the five most popular platforms, marketing teams will likely derive more value from developing a cohesive vision of their brand and integrating a limited number of channels that can facilitate the delivery of the message to the appropriate audiences.<br/><br/>This concept of authenticity in <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> activity is more important than ever, according to Forbes, as savvy digital consumers can already spot the difference between genuine community building and corporate sales pitches a mile away.]]></content:encoded></item>		<item><title>Internal Collaboration Key to Contact Center Success</title><link>http://www.teletech.com/news/contact-center-technology/internal-collaboration-key-to-contact-center-success-800711528</link><pubDate>2012-02-20T00:00:00</pubDate><content:encoded><![CDATA[ When internal collaboration is absent from the modern contact center, both employee productivity and customer care suffer. To improve performance across customer service operations, managers must ensure that actionable information is always within their agents&#39; reach.<br/><br/>Customer relationship management (CRM) systems are the primary means of capturing and analyzing customer data within contact centers. But although these tools can uncover valuable insights, overburdened or poorly integrated databases could keep that information hidden.<br/><br/>&quot;I believe that CRM systems were not originally built to help your agents talk to your customers, they were built to manage the customer,&quot; industry executive Gideon Hollander explained in a recent interview with Business Technology News Hour.<br/><br/>However, a few simple customizations can optimize the technology for any number of functions.<br/><br/>According to Multichannel Merchant, systems must be designed to &quot;make new information pop.&quot; With so many different bits of data demanding attention in an agent&#39;s workflow, instant messages from a supervisor or flashing windows could help alert them to timely and pressing updates that affect the current customer interaction.<br/><br/>Establishing set periods for informal information sharing sessions can also boost overall contact center performance, according to the news source. Allowing agents time and space to discuss their experiences and learn new tactics from one another that could spawn uncommon breakthroughs.]]></content:encoded></item>		<item><title>Customer Loyalty Fading Fast</title><link>http://www.teletech.com/news/customer-management/customer-loyalty-fading-fast-800710177</link><pubDate>2012-02-17T00:00:00</pubDate><content:encoded><![CDATA[ As crowded marketplaces and increased access to information continue to shift the balance of power away from vendors and toward consumers, traditional conceptions of customer loyalty may soon be obsolete.<br/><br/>With corporate blogs, online product reviews, and social media sentiments now omnipresent, consumers have more information than ever before to shape brand perception and influence purchasing decisions. According to Time Magazine, this wealth of resources - paired with fierce industry competition - has bred a new wave of disloyal customers. With alternative providers eager to entice brand conversion with attractive deals, companies will have to work harder than ever to retain their current clientele.<br/><br/>Although banks and telecommunications providers have been hit hardest by this trend, it could signal the beginning of a larger sea change that will necessitate redesigned customer care strategies.<br/><br/>&quot;It is too easy to confuse loyalty with frequency,&quot; consumer insight specialist Andy Barker explained in a recent guest column for Research Live. &quot;Loyalty is much more about emotion and an instinctive reaction to a brand and this has to be considered differently.&quot;<br/><br/>As Barker suggested, companies encouraged by loyalty program enrollment figures may be overlooking the many nuances of customer experience management. Consistent product quality, thoughtful customer care, and genuine rewards for long-term loyalty all shape consumer opinions, and a deficiency in any one area could prompt customers to take their business elsewhere.]]></content:encoded></item>		<item><title>Balancing Contact Center Response Channels</title><link>http://www.teletech.com/news/contact-center-technology/balancing-contact-center-response-channels-800710354</link><pubDate>2012-02-17T00:00:00</pubDate><content:encoded><![CDATA[ As contact center technology evolves to offer a greater variety of ways to interact with customers, it is essential for managers to understand how each channel is being used in order to allocate resources effectively.<br/><br/>Although social media is generating a significant amount of buzz in the world of customer relationship management (CRM), the associated publicity has far exceeded its practical application within most contact centers. According to a recent industry survey conducted by Call Centre Helper, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> interactions still account for less than 1 percent of customer service resolutions.<br/><br/>Instead, it was email that was utilized as the final point of contact by the majority of customers. But despite the bulk of communications coming through this channel, related findings suggested that agents were ill-prepared to succeed.<br/><br/>According to the study, 38 percent of contact centers manually allocated email among staff. Analysts noted that this practice could cause a host of problems, ranging from the inability to fairly monitor performance to the tendency to postpone responses to the most complex customer inquiries.<br/><br/>Additionally, 72 percent of contact centers surveyed indicated that their email response teams include fewer than 20 agents, suggesting that insufficient attention is being given to this crucial communications channel.]]></content:encoded></item>		<item><title>Financial Outsourcing: What Are The Benefits?</title><link>http://www.teletech.com/news/enterprise-management/financial-outsourcing-what-are-the-benefits-800711120</link><pubDate>2012-02-17T00:00:00</pubDate><content:encoded><![CDATA[ As the appeal of <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> has grown in recent years, industry leaders have begun to broaden the scope of services that providers are able to effectively handle. Information technology is one such example, marking a clear departure from the less skill-intensive process of call center-based customer relationship management.<br/><br/>Another such process is financial services, and there are a number of reasons for this. For one, the research and management of client investment portfolios is often a time-consuming and resource-heavy process, one for which costs can be significantly cut through an outsourcing strategy.<br/><br/>Outsourced investment processes will allow consulting firms to focus on financial planning and client relations, but it can also offer principals time to step back and look at how they can develop the business, explains Harry Kerr for the Financial Times.<br/><br/>&quot;In addition, outsourcing can be a far more cost-effective solution for advisers than employing resources in-house,&quot; Kerr adds. &quot;By using the resource and experience of a full-time professional investment team, whose sole job is to manage the investments, the adviser knows their clients&#39; portfolios are being expertly managed.&quot;]]></content:encoded></item>		<item><title>Customer Loyalty Figures Could Be Misleading Companies</title><link>http://www.teletech.com/news/customer-management/customer-loyalty-figures-could-be-misleading-companies-800708429</link><pubDate>2012-02-15T00:00:00</pubDate><content:encoded><![CDATA[ Although daily deals and loyalty rewards programs are a larger part of the customer experience than ever before, companies measuring customer loyalty with traditional metrics could be ignoring the writing on the wall.<br/><br/>According to the latest analysis from the National Business Research Institute, three out of four Americans are now members of at least one retail loyalty program. However, the triumph of emotion over logic in purchasing decisions has made customer loyalty difficult to quantify and even harder to achieve in recent years.<br/><br/>While customer satisfaction surveys have been the reliable source of marketing insight for decades, NBRI analysts suggested that 80 percent of consumers that receive substandard service now simply take their business elsewhere instead of supplying negative feedback.<br/><br/>There is also a discrepancy between what constitutes quality customer service. While 80 percent of surveyed company owners told NBRI that their firm delivers a &quot;superior&quot; customer experience, just 46 percent of their clients agreed.<br/><br/>To capture customer loyalty moving forward, researchers suggested that companies will have to adapt to changing customer expectations and focus on delivering high-quality service from the start. Whereas 87 percent of companies rely on their marketing teams to direct customer loyalty strategies, according to NBRI, &quot;delighting&quot; customers from the point of initial engagement on through to subsequent interactions may be more predictive of future purchasing habits.]]></content:encoded></item>		<item><title>Delta Looks to Mobile CRM for Competitive Advantage</title><link>http://www.teletech.com/news/customer-management/delta-looks-to-mobile-crm-for-competitive-advantage-800706502</link><pubDate>2012-02-14T00:00:00</pubDate><content:encoded><![CDATA[ The airline industry has gained an unfortunate reputation in recent years for escalating surcharges and declining service quality. In an effort to reverse this perception and gain competitive advantage, Delta Airlines has recently ramped up its efforts to incorporate mobile channels into its customer relationships management (CRM) strategy.<br/><br/>According to Advertising Age, Southwest Airlines has traditionally been viewed as the industry&#39;s &quot;gold standard&quot; for friendly, helpful service. However, emerging consumer preferences could soon change the criteria for that judgment, and Delta is betting on a technological refresh to work toward its advantage.<br/><br/>&quot;You can theoretically get through the airport without talking to a person,&quot; industry analyst Helane Becker told the news source. &quot;People regard that as a really good thing.&quot;<br/><br/>Delta will be investing $2 billion in the next two years to enhance its customer-facing services, according to Advertising Age. This technological evolution will include access to boarding passes, flight updates and even luggage-tracking capabilities through a revamped mobile application.<br/><br/>While these self-service options are expected to be an important CRM component moving forward, it is important not to allocate resources to new channels at the expense of legacy offerings. As companies continue to expand their points of customer contact, multichannel integration may soon become more important than the latest and greatest <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> campaign or mobile app.]]></content:encoded></item>		<item><title>The Imperatives of Security in an Outsourced Framework</title><link>http://www.teletech.com/news/enterprise-management/the-imperatives-of-security-in-an-outsourced-framework-800706652</link><pubDate>2012-02-14T00:00:00</pubDate><content:encoded><![CDATA[ As the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector continues to expand, the need for organizations to secure their data is increasingly imperative. According to a recent study by cloud services firm Savvis, outsourcing of global IT infrastructure is expected to grow by nearly 67 percent over the next eight years.<br/><br/>This trend has been driven in large part by global economic troubles, as companies continue to seek alternative methods of conducting business that both cut costs, improve operational efficiency and maximize profits.<br/><br/>While the benefits of outsourcing are clear, analysts are warning that its adoption needs to be met with&nbsp; adequate security measures and standards.<br/><br/>&quot;The challenges of outsourcing are similar to those you may have with the acquisition (insourcing) process,&quot; said Jeff Tutton, president of global security and compliance at Intersec Worldwide.<br/><br/>Companies are advised to put controls in place that will help monitor and maintain the security of critical organizational data.<br/><br/>&quot;Assign responsibility to a qualified person within your organization to manage and maintain oversight of security,&quot; Tutton added. &quot;Another option is to outsource only the data and systems that you want to end up in the public domain.&quot;]]></content:encoded></item>		<item><title>Pinterest Emerging on Social CRM Scene</title><link>http://www.teletech.com/news/customer-management/pinterest-emerging-on-social-crm-scene-800706497</link><pubDate>2012-02-13T00:00:00</pubDate><content:encoded><![CDATA[ Facebook and Twitter continue to be the platforms of choice when incorporating social media into customer relationship management (CRM) strategies, but Pinterest is one of several new sites generating interest in this space.<br/><br/>According to MyCustomer, users are gravitating toward Pinterest in record numbers to collect, organize, and share their favorites articles, images, and videos from around the web. Citing data from industry analysts at Compete, the site experienced a 429 percent increase in unique page views between September and December 2011 and now boasts more than 7 million users.<br/><br/>&quot;There&#39;s potential here for brands to listen to what products people like more than others, and why. But beware - Pinterest isn&#39;t about promoting brands,&quot; social media expert Steve Richards told the news source. &quot;It&#39;s about letting consumers share what they like. Pinterest primarily should be about learning from consumers, at least for the moment.&quot;<br/><br/>Large brands including Gap and Whole Foods are already active on the platform, according to MyCustomer, encouraging customers to post their feedback on themed pinboards related to product lines and core business values.<br/><br/>As the number of intriguing <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> options continues to multiply, integration will be of the utmost importance. According to Advertsing Age, companies are struggling to comprehend how new media marketing avenues fit into the bigger picture and affect important considerations like return on investment and data privacy regulations.]]></content:encoded></item>		<item><title>Adopting a Balanced Approach to Social CRM</title><link>http://www.teletech.com/news/customer-management/adopting-a-balanced-approach-to-social-crm-800705266</link><pubDate>2012-02-10T00:00:00</pubDate><content:encoded><![CDATA[ The rise of social media has had an indisputable impact on customer relationship management (CRM) in recent years. But as companies struggle to understand the full implications of the technology, too many either ignore <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> entirely or undertake overzealous deployment projects.<br/><br/>The marriage of social media and cloud computing seems to represent the way forward in enterprise IT, according to Network World, making it all the more important to establish a strong foundation early. As multichannel communications and reputation metrics become the norm in business operations, companies can no longer afford to postpone social CRM implementation simply to avoid technical complexities.<br/><br/>At the other end of the spectrum, some firms that are already convinced of social CRM&#39;s dynamic potential assume that if some is good then more must be better. On the contrary, according to the news outlet, some tasks like client onboarding are simply not compatible with brief and informal communication platforms. Also, diffusing resources across too many channels could lead to a drop in customer satisfaction when inquiries go unanswered.<br/><br/>With 62 percent of customers looking for more support through social media, according to Zendesk researchers, the impetus for CRM evolution is clear. However, moderation and service consistency may be two important themes to consider when integrating new platforms.]]></content:encoded></item>		<item><title>IT Outsourcing Gathers Steam on the University Campus</title><link>http://www.teletech.com/news/enterprise-management/it-outsourcing-gathers-steam-on-the-university-campus-800705713</link><pubDate>2012-02-10T00:00:00</pubDate><content:encoded><![CDATA[ Information technology is one of the most popular business processes targeted for corporate outsourcing. This is because of the highly technical attributes of IT implementation and management.<br/><br/>Aside from ensuring significant cost-savings, IT <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> can improve operational efficiency and deliver reliable and consistent network and server administration. Phil Pe&ntilde;a, chief information officer at Morton College, told Campus Technology that managed IT services can add depth to an organization&#39;s &quot;IT bench.&quot;<br/><br/>When a certain level of expertise is required, Pe&ntilde;a&#39;s organization works with its service provider to bring specific experts on site, which is a far less expensive and more efficient strategy than hiring full-time IT staff.<br/><br/>Pepperdine University launched a similar IT outsourcing program to considerable success.<br/><br/>&quot;In the two years since, satisfaction scores have gone up, the average wait time has gone down, and the first-call resolution rate has improved by 60 percent. On the budget side, per-call costs have dropped from $24.25 to $16.88,&quot; writes Dian Schaffhauser for the source. &quot;This has resulted in a savings of about $250,000.&quot;]]></content:encoded></item>		<item><title>Indiscriminate Integration Could Paralyze CRM Systems</title><link>http://www.teletech.com/news/customer-management/indiscriminate-integration-could-paralyze-crm-systems-800704265</link><pubDate>2012-02-09T00:00:00</pubDate><content:encoded><![CDATA[ Integration of a large quantity and wide variety of information is one of the primary benefits of advanced customer relationship management (CRM) systems, but companies are realizing that too much of a good thing can inhibit effective decision-making.<br/><br/>As client communications continue to spread across more channels, integrative solutions, like <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a>, that were just entering the business community&#39;s consciousness a few years ago are now staple technologies. As the CRM space becomes more crowded, vendors are now distinguishing their offerings by welcoming separate business processes like enterprise resource planning into the software.<br/><br/>But as attractive as this strategy may seem, industry expert Christopher Bucholtz has suggested that relying on CRM as the central mold for all operations could be a mistake.<br/><br/>&quot;CRM can automate the things your business needs to do around the capture of customer data, and it can be a big help in automating workflow, delivering reminders, helping with schedules, and taking care of many of the mundane aspects of business,&quot; Bucholtz wrote in a recent E-Commerce Times guest post. &quot;But if it does it in a way or in a sequence that forces you to modify successful processes to fit the CRM application, you&#39;re doing it wrong.&quot;<br/><br/>Bucholtz also cautioned that unwieldy CRM systems can actually become silos that inhibit collaboration and obscure the most valuable, actionable information companies are seeking.]]></content:encoded></item>		<item><title>Pharma Industry's R&amp;D Dilemma Highlights Nature of BPO Sector</title><link>http://www.teletech.com/news/enterprise-management/pharma-industry-s-r-d-dilemma-highlights-nature-of-bpo-sector-800703573</link><pubDate>2012-02-09T00:00:00</pubDate><content:encoded><![CDATA[ For an industry as complicated and globally significant as business process outsourcing, the issue boils down to a simple question: Does an organization source a process in-house or externally?<br/><br/>In the pharmaceutical industry, this question has market-changing implications. An article published in The Wall Street Journal this week points out how the sector is faced with a similar dual approach to research and development. Specifically, WSJ contributor Sten Stovall points to two key industry players, GlaxoSmithKline and AstraZeneca, as symbolic of these two paths.<br/><br/>According to Stovall, AstraZeneca is now outsourcing a large portion of its drug research, while GSK is developing its products almost entirely in-house. Clearly, there are benefits to both strategies, but what&#39;s interesting is the introduction of R&amp;D as a viable contender for process outsourcing, which has historically been reserved for less knowledge- and skill-intensive services.<br/><br/>&quot;Analysts say AstraZeneca&#39;s strategy might pay off if the group gets lucky and finds one or more late-stage drugs that become successful,&quot; Stovall adds. &quot;Paying money for promising late stage assets - while shrinking your own R&amp;D base - might in that case prove a more efficient use of its capital.&quot;]]></content:encoded></item>		<item><title>Companies Still Find Paperless Processes Difficult to Fully Embrace</title><link>http://www.teletech.com/news/enterprise-management/companies-still-find-paperless-processes-difficult-to-fully-embrace-800702594</link><pubDate>2012-02-08T00:00:00</pubDate><content:encoded><![CDATA[ As the global economy continues to rebound, the need to optimize business processes becomes increasingly imperative. This is why so many organizations have turned to <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> as a means of cutting costs and delivering performance.<br/><br/>New technologies such as cloud computing and mobile tech have only expedited this transition to a more decentralized workforce. However, companies are finding a number of historical methods of doing business increasingly difficult to jettison. Take paper consumption for example.<br/><br/>A survey released this week by AIIM shows that eliminating paper from business processes improves customer response times by as much as 300 percent. The study also found 38 percent of respondents are equipping employees with remote capture devices when not in the office, such as smartphones and tablets. Another 20 percent of the largest organizations are investing in a cloud deployment strategy.<br/><br/>&quot;The earlier in the process that capture takes place, the better the transparency and availability the content will have,&quot; Doug Miles, director of market intelligence at AIIM. &quot;The data is available to the process faster, and paper forms handling is eliminated.&quot;<br/><br/>However, 32 percent reported an increase in their level of paper consumption and copying, underscoring the need for <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> clients and providers to leverage more digital- and cloud-based solutions.]]></content:encoded></item>		<item><title>Customer Experience Consistency Drives Loyalty, Experts Say</title><link>http://www.teletech.com/news/revenue-generation/customer-experience-consistency-drives-loyalty-experts-say-800703327</link><pubDate>2012-02-08T00:00:00</pubDate><content:encoded><![CDATA[ Delivering a rewarding customer experience is a top priority shared among marketing teams and service staff. But although many companies focus on crafting experiences that exceed expectations, retaining consistency across channels and between interactions may be more predictive of long-term loyalty.<br/><br/>Establishing a consistent customer experience standard is no easy task, especially within large corporations in which thousands of employees across multiple locations have client communication responsibilities. For example, AT&amp;T recently garnered praise from &quot;very satisfied&quot; customers responding to a Vocalabs National Customer Service Survey. Yet hours later, a J.D. Power and Associates report was released, rating the company&#39;s customer care as the lowest among the four major wireless carriers in the United States.<br/><br/>This lack of brand consistency raises questions among customers and could drive away future business. To &quot;connect the dots&quot; between channels and departments, marketing expert Jim Sterne has suggested that data integration and analysis could be the key.<br/><br/>&quot;Your job is to collect the data from a dozen platforms and follow the customer experience thread through multiple departmental silos, dozens of disparate data sets, and numerous political battlefields,&quot; Sterne wrote in a guest column for ClickZ. &quot;If you can do that, you should be able to show how the customer experience threads that enjoy seamless experiences deliver more sales, more loyal customers, and more profits.&quot;]]></content:encoded></item>		<item><title>Leveraging External Feedback With Social CRM</title><link>http://www.teletech.com/news/customer-management/leveraging-external-feedback-with-social-crm-800701547</link><pubDate>2012-02-07T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) systems have traditionally been used to facilitate outbound communications from company to client. However, businesses applying this same mindset to social media may be overlooking a primary benefit of the technology.<br/><br/>When properly designed, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> can be a vital conduit for actionable intelligence found in customer feedback. Unfortunately, a number of stubborn business managers have not yet recognized or acknowledged the importance of this concept.<br/><br/>In a recent survey of more than 1,400 American consumers, analysts from Chadwick Martin Bailey found that 57 percent provide feedback to improve the companies they interact with. However, just one in three respondents recalls receiving a response from a business after reporting a negative experience in a customer satisfaction survey.<br/><br/>Instead of sweeping disappointing interactions under the rug, Destination CRM recommends adopting an &quot;outside-in&quot; customer perspective that values and incorporates external feedback.<br/><br/>By adopting this stance, companies will be more receptive to novel external ideas that break the mold of potentially complacent corporate strategies. Additionally, reaching out to dissatisfied consumers can go a long way toward salvaging and even strengthening relationships.]]></content:encoded></item>		<item><title>Study: Contact Center Managers Seeking Quieter Workplaces</title><link>http://www.teletech.com/news/contact-center-technology/study-contact-center-managers-seeking-quieter-workplaces-800702232</link><pubDate>2012-02-07T00:00:00</pubDate><content:encoded><![CDATA[ Keeping background noise to a minimum in the office may seem like micromanaging, but according to the latest research from Frost &amp; Sullivan, many contact centers believe quieter work environments directly correlate to increased employee satisfaction and productivity.<br/><br/>In a survey of 250 contact center managers across the United States, the U.K., France, China, and India, Frost &amp; Sullivan analysts found that 91 percent of respondents are working toward reducing sound disturbances in the workplace. Aside from optimizing call quality with updated technology, managers are doing everything from moving noisy copy machines away from agents to carpeting floors.<br/><br/>By doing so, survey respondents suggested that contact center agents would be better equipped to reduce average call time and deliver the type of customer experience that boosts retention and sales.<br/><br/>&quot;We wanted to know the everyday joys and frustration of the contact center manager,&quot; research coordinator Holger Reisinger explained. &quot;One of the most prevalent issues that seem to play heavily on the contact center manager&#39;s mind is sound disturbance that prevent the &#39;good conversation&#39; between customer and agent from taking place.&quot;<br/><br/>The severity of these sound disturbances was especially pronounced within contact centers employing more than 500 agents. In these environments, responding managers suggested that they have explored the potential of everything from noise cancelling headphones to contracting with remote agents.]]></content:encoded></item>		<item><title>Research Gauges Social CRM Implementation Progress</title><link>http://www.teletech.com/news/customer-management/research-gauges-social-crm-implementation-progress-800701228</link><pubDate>2012-02-06T00:00:00</pubDate><content:encoded><![CDATA[ In a recent analysis of how major companies are incorporating social media into their customer relationship management (CRM) strategies, Call Centre Helper researchers discovered that the majority of organizations have not yet dedicated adequate technological resources toward supporting their objectives.<br/><br/>The Call Centre Helper readership survey also revealed a potential diffusion of responsibility within companies when it came to deciding which employees had ultimate control over <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> initiatives. Approximately eight out of 10 respondents indicated that their marketing department was primarily responsible for social media.<br/><br/>&quot;Certainly, many clients in both private and public sector say they want to get into the social media communication arena, but there&#39;s almost a nervousness about dipping their toes into it, because of the uncertainty about how they are going to manage potential explosions of negativity on Twitter and Facebook,&quot; one outsourcing specialist noted. &quot;Clients are still on a learning curve, and we&#39;re finding that they&#39;re still very marketing-led, as opposed to operationally led.&quot;<br/><br/>The assertion may have been corroborated by separate findings within the study that suggested Facebook and Twitter were far and away the &quot;most-monitored platforms&quot; in social CRM operations. However, a number of respondents saw beyond the potential hazards of these sites and greatly appreciated the inherently succinct and focused nature of customer feedback on the two platforms.]]></content:encoded></item>		<item><title>Report Cautions Against Hasty Social CRM Deployments</title><link>http://www.teletech.com/news/customer-management/report-cautions-against-hasty-social-crm-deployments-800701229</link><pubDate>2012-02-06T00:00:00</pubDate><content:encoded><![CDATA[ The business community is abuzz with talk of the &quot;social customer&quot; and how companies must realign operations to meet new expectations. But as a number of executives rush to fund a technological refresh of their customer service architecture, social media analysts from ItsOpen have advised a deeper exploration of the landscape before adopting expensive and highly specialized tools.<br/><br/>&quot;Over 44 percent of adults now use the web to share grievance about products, with customers expecting to interact with companies online and get speedy responses,&quot; ItsOpen researchers explained in a new report. &quot;The social customer has given rise to the social company - one that listens to its customers in real-time and ask them to collaborate in future develops.&quot;<br/><br/>Customer relationship management (CRM) systems are a logical jumping off point for social media integration, but report authors suggested that companies may be prioritizing the acquisition of new technology over making more important changes to organizational culture.<br/><br/>Simply having an array of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> tools will not be enough, analysts cautioned, if managers stick to traditional metrics and management styles. Instead, emphasis on new objectives like fostering brand loyalty, increasing executives&#39; public visibility, and properly allocating staff to the most active engagement channels may be more valuable.]]></content:encoded></item>		<item><title>Social Customer Service No Longer a Luxury</title><link>http://www.teletech.com/news/customer-management/social-customer-service-no-longer-a-luxury-800700049</link><pubDate>2012-02-03T00:00:00</pubDate><content:encoded><![CDATA[ Companies around the world are coming to realize that social media is much more than the internet diversion it seemed to be a few years ago. Now websites like Facebook and Twitter are not only legitimate business communications platforms, they are quickly becoming the preferred customer service channel in a number of scenarios.<br/><br/>For most firms, social media made its way into customer relationship management (CRM) strategies as an extension of branding initiatives or as a means of delivering rewards to loyal customers. But soon businesses began to realize that customers had no intentions of treating the channel as a one-way street.<br/><br/>&quot;Conversation is two-way, so as soon as you open up successful engagement with your fans, they&#39;ll use the channel as a customer service route to ask questions and complain,&quot; Conversocial chief executive Josh March wrote in a recent guest column for CMO.com. &quot;If not dealt with, these customer service issues can be hugely damaging; unfortunately, most fan pages go unmonitored by a surprisingly large number of U.S.-based companies.&quot;<br/><br/>For those late <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> adopters, according to Consumer Electronics Pro, it is important to remember that there is no one strategy that will work for all companies. Instead, managers must determine which platforms are receiving the most attention from consumers and allocate resources appropriately.]]></content:encoded></item>		<item><title>Customer Experience Gains Significance Amid Recession</title><link>http://www.teletech.com/news/customer-management/customer-experience-gains-significance-amid-recession-800700056</link><pubDate>2012-02-03T00:00:00</pubDate><content:encoded><![CDATA[ Global economic uncertainties have put a number of businesses on shaky ground in recent years, forcing managers to make tough decisions regarding which spending initiatives they can do without. But at a time when many are tightening their belts and restricting capabilities, MyCustomer columnist Neil Davey suggests that delivering an exceptional customer experience could help distinguish a company from the competition.<br/><br/>&quot;We&#39;ve cut all the costs out already, so how are we going to differentiate ourselves?&quot; Institute of Customer Service chief executive Jo Causon asked in an interview with Davey. &quot;The only way to differentiate yourself in the marketplace is through service and experience.&quot;<br/><br/>To decide which areas of investment will deliver the greatest returns for customer relationship management (CRM) strategies, companies must first observe the new rules rules and expectations emerging in the market.<br/><br/>For instance, industry analyst Stuart Dorman told Davey that video will soon become a primary customer service channel. With consumers already responding to how-to demonstrations on YouTube and videoconferencing, early investment in this area could help win over the next generation of prospects.<br/><br/>Additionally, merely having a <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategy is no longer good enough. However, the rare organization that can respond to all customer inquiries within a matter of minutes - not days - could be well-positioned to retain current clients and attract new ones.]]></content:encoded></item>		<item><title>2012 May Lead to Surge in BPO Demand Among Small Firms</title><link>http://www.teletech.com/news/enterprise-management/2012-may-lead-to-surge-in-bpo-demand-among-small-firms-800700742</link><pubDate>2012-02-03T00:00:00</pubDate><content:encoded><![CDATA[ Analysts are pointing to 2012 as a year of considerable growth potential for small business clients of service providers in the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector. According to a recent report by consulting firm Tholons, small companies are looking for new ways to compete with large rivals that extend beyond mere cost reduction.<br/><br/>This trend applies particularly to industry verticals, in that firms are seeking out <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> providers that are able to deliver deeper return on investment through vertical integration of specific process targeting and tailoring. While outsourcing activity in recent years has been reserved principally call center operations and services in foreign markets, 2012 may mark a shift toward the domestication of these core processes.<br/><br/>&quot;Global volatility during the past year, as demonstrated by the &#39;Arab Spring&#39; uprisings, widespread narcotics-fueled violence in Mexico, and continued US-China tensions, has caused many companies to more carefully consider risk when selecting a location to outsource IT and business processes,&quot; writes Dan Berthiaume for MSP Mentor.<br/><br/>Small businesses are particularly vulnerable to the indirect consequences of global economic turmoil, so it&#39;s important that they weigh their outsourcing decisions carefully, especially in regards to geographic considerations.]]></content:encoded></item>		<item><title>Outsourcing Valuations to Favor Supply Chain Services, BPO, IT, SaaS</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-valuations-to-favor-supply-chain-services-bpo-it-saas-800699691</link><pubDate>2012-02-03T00:00:00</pubDate><content:encoded><![CDATA[ Enterprise value of information technology outsourcing companies will climb in coming years, according to the latest Martinwolf IT Index.<br/><br/>The findings parallel a number of recent reports projecting growth for the global outsourcing sector, particularly in regards to IT and business process outsourcing. A recent survey by Information Services Group found 2011 was the busiest year on record for the global outsourcing market.<br/><br/>The index tracks the enterprise value of companies in IT services, <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a>, IT supply chain services, and software firms, including SaaS. The latest report shows BPO will continue to note growth in valuation over the next one to two years, driven largely by market demand for specialized business solutions.<br/><br/>&quot;[Software as a service], which has experienced accelerated growth and premium valuation multiples over traditional software companies, will continue its fast growth for the next 12-24 months, especially in new segments and specialized industries,&quot; the MW reported.<br/><br/>IT supply chain services will also see continued consolidation. A slew of disaster-related supply chain disruptions in 2011 have been instrumental in driving demand for more stringent risk management programs.]]></content:encoded></item>		<item><title>Breaking Down Silos Through CRM Integration</title><link>http://www.teletech.com/news/customer-management/breaking-down-silos-through-crm-integration-800699487</link><pubDate>2012-02-02T00:00:00</pubDate><content:encoded><![CDATA[ One of the major benefits to multichannel customer service is the wealth of actionable data that can be harvested from all the different interactions. However, companies must resist the urge to keep this information segmented into silos if they hope to optimize customer relationship management (CRM) strategies.<br/><br/>Customer service transactions travel through a greater variety of channels than ever before, ranging from interactive voice response (IVR) and telephone to web surveys and Tweets. The more channels a company opens, the more information it can gather to inform future transactions. But simply capturing this data is no longer good enough.<br/><br/>Considering one customer may use five or more platforms to interact with a company, it is crucial to integrate these distinct transactions to provide a holistic view of the customer experience.<br/><br/>&quot;Sound customer engagement strategies are no longer about service alone, and are certainly not about reactive support,&quot; industry expert Dennis Fois told MyCustomer. &quot;Siloed customer relationship solutions won&#39;t cut it in 2012 - it&#39;s now about demonstrating the profitability of delivering relevant experiences to customers, as opposed to simply extracting data from them.&quot;<br/><br/>This spirit of integration can also be applied internally by sharing CRM data between departments. By providing marketing teams with the information and analyses available to customer service agents, they will be better positioned to deliver multichannel campaigns that prospects respond to.]]></content:encoded></item>		<item><title>Making Promises and Meeting Customer Expectations</title><link>http://www.teletech.com/news/customer-management/making-promises-and-meeting-customer-expectations-800698190</link><pubDate>2012-02-01T00:00:00</pubDate><content:encoded><![CDATA[ There are a number of external factors that businesses simply cannot control in terms of brand perception. But for marketers looking for a particularly influential strategy, committing to specific customer experience promises and delivering on expectations can build a powerful bond between company and consumer.<br/><br/>According to Smart Company contributor Tom McKaskill, it is important to use this tactic judiciously and to be extremely aware of the implications the target service standard connotes.<br/><br/>&quot;You want your existing customers to be able to give a referral on something that will correctly set new customer expecations,&quot; McKaskill explained. &quot;You also want your existing customers to know that they will receive what they expect when they repurchase.&quot;<br/><br/>Regardless of the scope or complexity of the promise, global marketing executive Anand Subramaniam suggests that several strategic components will almost always determine the success of the initiative.<br/><br/>In a recent guest column for Destination CRM, Subramaniam explained that aligning front-line customer service operations with brand messaging is essential. For companies that stake their reputations on fast or flexible support, this is particularly important. Additionally, brand managers must also set realistic goals based off of operational analysis, provide agents with a &quot;360-degree view&quot; of customer histories, and manage expectations through consistent communication.]]></content:encoded></item>		<item><title>Hiring the Correct Contact Center Personnel</title><link>http://www.teletech.com/news/customer-management/hiring-the-correct-contact-center-personnel-800698191</link><pubDate>2012-02-01T00:00:00</pubDate><content:encoded><![CDATA[ Whether customer service interactions are initiated in-house or primarily through hosted contact centers, hiring and retaining high-quality talent is the difference between transforming departments into primary growth drivers or letting them erode into potential liabilities.<br/><br/>&quot;Unless you have fresh ingredients, following a great recipe will not lead to a delicious meal,&quot; explained 1to1 Media blogger Cynthia Clark in her latest report. &quot;Similarly, the stars in any company are employees, making hiring the right people and giving them the needed training - as well as constant retraining - an essential factor in creating a fantastic customer experience.&quot;<br/><br/>To get a better idea of the skills and attributes associated with top-performing employees, Clark recommends that recruiters shadow current staff to understand the unique challenges of the specific team or role with a vacancy. Additionally, welcoming the opinions of colleagues in a more casual town hall format could also generate uncommon insight.<br/><br/>Once these observations are made, they must also be framed in the context of contact center industry truism. Considering the elevated risk of burnout in front-line service positions, employee engagement levels are often predictive of success.<br/><br/>This notion was corroborated in a recent report from the Temkin Group suggesting that highly engaged employees with the correct intrinsic attributes and a complementary support system were almost six times more committed to organizational success.]]></content:encoded></item>		<item><title>Study Shows Rising Demand for Social Customer Service Channels</title><link>http://www.teletech.com/news/customer-management/study-shows-rising-demand-for-social-customer-service-channels-800697172</link><pubDate>2012-01-31T00:00:00</pubDate><content:encoded><![CDATA[ The saturation of social media in the consumer lifestyle has led to several surprising applications of the technology. For example, a growing number of businesses are exploring the potential of using the novel communication platform as a direct channel for customer service interactions.<br/><br/>According to Venture Beat, automated response systems continue to serve a specialized purpose in customer service operations. But, broad applications of the technology could quickly frustrate callers with more advanced inquiries. As a result, incorporating social media features into customer relationship management (CRM) systems could help companies deliver the type of efficient, personalized experience that customers so often seek.<br/><br/>The assertions were corroborated in a recent survey from customer support specialist Zendesk. Analysts found that nearly three-quarters of consumers would be willing to utilize social customer service channels if supplied with the appropriate tools.<br/><br/>Aside from catering to emerging customer expectations, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> implementations may have additional advantages for the forward-thinking business. Within the Zendesk survey, analysts also discovered that consumers now spend more than twice as much time surfing social media and blogs as any other online activity. This suggests that outbound social CRM initiatives may be particularly well-received considering consumers already spend the majority of their online using social applications.]]></content:encoded></item>		<item><title>Automated Technology Could Boost Customer Service Efficiency</title><link>http://www.teletech.com/news/contact-center-technology/automated-technology-could-boost-customer-service-efficiency-800697179</link><pubDate>2012-01-31T00:00:00</pubDate><content:encoded><![CDATA[ Companies in a variety of industries are starting to find that satisfying evolving customer expectations is a more expensive pursuit than their budgets can sustain. To retain clients in the most cost-effective manner, Destination CRM contributor Gustaf Sahlman recently suggested that leveraging artificial intelligence (AI) may be the strategy of choice.<br/><br/>Although business managers may assume that AI is primarily reserved for science-fiction novels, in reality there may be several applications already included in their operations. Interactive voice response (IVR) systems and self-service web applications are just a few common variations on the theme. But Sahlman suggests that a more aggressive implementation could yield significant dividends.<br/><br/>&quot;AI technology is able to mimic a customer care agent with services like virtual assistants, humanlike recommendations, and high-precision search,&quot; the Destination CRM columnist explained. &quot;The AI technology is an incredible asset for customer relationship management (CRM) and customer care solutions.&quot;<br/><br/>Continued advances in speech analytics software and separate automated technology applications will soon blur the lines between machine-initiated and human interaction in some scenarios. As a result, judicious implementation strategies could allow companies to rely on AI as a means of solving lingering staffing issues.]]></content:encoded></item>		<item><title>Why Are Small Outsourcing Contracts Soaring Faster Than Large Ones?</title><link>http://www.teletech.com/news/enterprise-management/why-are-small-outsourcing-contracts-soaring-faster-than-large-ones-800697445</link><pubDate>2012-01-31T00:00:00</pubDate><content:encoded><![CDATA[ IT outsourcing has grown along an interesting trajectory over the past decade. A disparity has emerged between large and small contracts, with major deals remaining relatively level as small contracts have skyrocketed. This trend is even more pronounced in the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector.<br/><br/>But why is this? In a recent study by Information Services Group, partner and president John Keppel argues that organizations have been more reluctant to adopt fledgling <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> strategies as they wait to see if service quality is delivered as advertised.<br/><br/>&quot;Quite simply, mid-market organizations have to bundle more processes together into one broader deal to make it large enough to warrant the attention of the leading services vendors,&quot; says Phil Fersht, founder of HfS Research, according to CIO magazine. &quot;[They] rarely will have the luxury of outsourcing step-by-step.&quot;<br/><br/>Accorinigly, many business in North America are awarding IT outsourcing deals on their second or third generations, and the processes involved are becoming much more sophisticated. These clients are, in certain ways, diverging the stream of service across a number of different service providers.]]></content:encoded></item>		<item><title>Enterprises Need to Leverage Technology and Data for Talent Outsourcing and Recruiting Efforts</title><link>http://www.teletech.com/news/enterprise-management/enterprises-need-to-leverage-technology-and-data-for-talent-outsourcing-and-recruiting-efforts-800695977</link><pubDate>2012-01-31T00:00:00</pubDate><content:encoded><![CDATA[ The global talent recruiting landscape is changing, as companies have been forced to deal with a narrower field of qualified candidates, shifting workforce dynamics, social media innovation and a wider adoption of <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> services.<br/><br/>With these changes in mind, the Novo Group has released a report on how firms can leverage modern resources to improve their recruiting and outsourcing capabilities. For example, social media use is rising exponentially, but both job-seekers and employers fail to see the advantage of the channel in their efforts to attract talent or land a job.<br/><br/>&quot;Successful recruiters must embrace the total social media approach, know the social sites, and have the know-how to navigate them to find the right talent,&quot; Novo writes in a statement.<br/><br/>Similarly, many professionals are not leveraging the power of recruiting metrics, or rely entirely on production-based outcomes.<br/><br/>&quot;In order to be effective, metrics must measure the correct results and drive the right recruiting behaviors,&quot; Novo added. &quot;Corporate HR and recruiting departments need to work on creating a measurement that drives one main objective.&quot;]]></content:encoded></item>		<item><title>Social CRM May Alter Recruitment Strategies</title><link>http://www.teletech.com/news/customer-management/social-crm-may-alter-recruitment-strategies-800695906</link><pubDate>2012-01-30T00:00:00</pubDate><content:encoded><![CDATA[ With the era of the &quot;social enterprise&quot; already taking shape, companies may begin to focus on recruiting employees that are adept at applying new media principles to customer relationship management (CRM), team projects, and other key business functions.<br/><br/>Companies that have deployed <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategies in recent years are coming to understand that the core principles that underlie the successful implementation of the technology may be expanded to a variety of business functions. As a result, open communication and consistent engagement may be essential core attributes of future hires.<br/><br/>&quot;The successful social employee is a person who brings all their old skills to the table, but is conscientious about participating in internal collaboration and has courage enough to share his or her ideas,&quot; explained CMSWire contributor Chris Bucholtz in his latest report. &quot;Instead of the ability to dominate meetings through force of personality, the social employee is adept at thinking about problems in new ways and finding answers, and then being able to articulate them through whatever collaboration framework the company uses.&quot;<br/><br/>Recent research from the Temkin Group corroborated the value of such a workstyle. Analysts determined that highly engaged employees were approximately six times more committed to helping their companies company succeed and nearly five 5 times more like to recommend someone apply for a position with their companies company.]]></content:encoded></item>		<item><title>Adjusting CRM Strategy to Suit Business Clients</title><link>http://www.teletech.com/news/customer-management/adjusting-crm-strategy-to-suit-business-clients-800695534</link><pubDate>2012-01-30T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) systems have risen to prominence by primarily supporting effective and engaging business-to-consumer interactions. However, Financial Times columnist Stephen Pritchard recently suggested that the technology could be leveraged to great effect by companies that sell their services to other businesses.<br/><br/>&quot;In the consumer model, the consumer is usually in one location. We&#39;re handling a single relationship with customers all over the world,&quot; American manufacturing executive Justin Kershaw explained in an interview with Pritchard, elaborating on the unique challenges of serving global business partners. &quot;That brings complexities when it comes to providing service agreements and handling issues is quite different to a consumer model.&quot;<br/><br/>The decision to integrate CRM systems in business communications is primarily driven by two factors, according to Pritchard. Industrial clients are increasingly interested in automating components of their workflow and gaining visibility over client interactions. Industrial service companies have also been inspired by <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a>&#39;s faculty in incorporating a variety of external sources.<br/><br/>Whereas retailers use social CRM to cull all available data to discover emerging trends in certain consumer demographics, professional services firms can use the same technical building blocks to highlight their highest-value clients or uncover barriers to efficiency.]]></content:encoded></item>		<item><title>IVR Technologies Set for Market Growth</title><link>http://www.teletech.com/news/contact-center-technology/ivr-technologies-set-for-market-growth-800695902</link><pubDate>2012-01-30T00:00:00</pubDate><content:encoded><![CDATA[ As hosted contact center agents work to serve customers across an ever-expanding range of channels, interactive voice response (IVR) systems will continue to play a critical role in efficient operations. According to two recent market forecasts, the advent of alternative communications platforms will do little to stunt the growth of the customer service technology staple.<br/><br/>Researchers from T3i Group said the global IVR market is set to surpass $510 million by the end of the year, up from $431 in 2011. The top three applications for the technology continue to be routing inbound calls within contact centers, handling inbound self-service transactions, and placing outbound call for reminders and notifications.<br/><br/>However, as contact center managers gain familiarity with the technology, IVR is being employed for a wider range of functions. Industry analysts from T3i Group have suggested that outbound applications are in greater demand than ever before. But the inclusion of speech analytics capabilities has attracted interest from new industries altogether.<br/><br/>The latest report from Global Industry Analysts suggests that the success of speech recognition software in contact center operations is now leading to its implementation in mobile devices, automobiles and many other settings. In total, the U.S. market for voice recognition software could surpass $70 billion by 2015.]]></content:encoded></item>		<item><title>Improving Customer Experience Worth the Investment</title><link>http://www.teletech.com/news/customer-management/improving-customer-experience-worth-the-investment-800694380</link><pubDate>2012-01-27T00:00:00</pubDate><content:encoded><![CDATA[ Campaigning for a revitalization of the customer experience can be a tough sell within many organizations, as executives are often cautious about authorizing spending for projects they perceive to be abstract. To ensure customer experience initiatives receive the funding they deserve, project leaders must communicate the value of the marketing principles they are based upon.<br/><br/>&quot;Marketers can expect reluctance to support new customer experience initiatives without proof that the investments will actually pay off,&quot; noted Business2Community contributor Ernan Roman in his latest report. &quot;Sentiments like &#39;if it ain&#39;t broke, don&#39;t spend money to fix it&#39; may combine with old-fashioned organizational inertia and make changes difficult.&quot;<br/><br/>Roman suggests identifying the &quot;moments of truth&quot; that present an opportunity to convert customers into brand advocates or secure long-term loyalty. Advanced customer relationship management (CRM) systems are uniquely capable of detecting and interpreting such events. Once localized, companies must decide what organizational changes are needed to improve engagement in these scenarios and how much it will cost.<br/><br/>According to Forrester Research, CRM systems also offer the ability to compare and contrast repeat purchasers with other customers. Analysis in this area has already provided some compelling conclusions, Forrester stated, including the significant correlation between higher customer feedback and increased customer lifetime value.]]></content:encoded></item>		<item><title>KPMG: Uncertain Market Drives Shift in BPO Sector</title><link>http://www.teletech.com/news/enterprise-management/kpmg-uncertain-market-drives-shift-in-bpo-sector-800693755</link><pubDate>2012-01-27T00:00:00</pubDate><content:encoded><![CDATA[ Information technology is one of the driving components of the global outsourcing market. Demand for highly skilled IT talent and services is such that many organizations have been forced to overhaul some of their operating models, according to a report released this week by KPMG.<br/><br/>The fourth quarter Sourcing Advisory Pulse Survey found the uncertain global economic outlook, high levels of volatility and weak demand are affecting outsourcing demand and consulting growth worldwide. Analysts expect this trend to play out most notably in the IT and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sectors.<br/><br/>According to the survey, 73 percent of advisers and 79 percent of providers cited the weak economy as contributing the largest effect on buyer businesses and operations, particularly in Europe.<br/><br/>&quot;Buyers are placing great emphasis on investing in IT, but given the economic uncertainty, all efforts undertaken will occur under watchful, cost-conscious eyes,&quot; said Stan Lepeak, a global research director at KPMG. &quot;Buyers and providers are smarter, more experienced, and less likely to enter into larger and more risky deals.&quot;<br/><br/>Furthermore, Lepeak added, market innovations such as cloud computing and targeted <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> are changing the traditional understanding of business outsourcing.]]></content:encoded></item>		<item><title>Data Outsourcing Set to Climb in EMEA Region</title><link>http://www.teletech.com/news/enterprise-management/data-outsourcing-set-to-climb-in-emea-region-800694709</link><pubDate>2012-01-27T00:00:00</pubDate><content:encoded><![CDATA[ The outsourcing sector in the Europe, Middle East and Africa (EMEA) region is expected to see considerable growth in data center outsourcing in coming years, according to a report released this week by TechNavio.<br/><br/>Specifically, analysts forecast a compound annual growth rate of 11.4 percent between 2010 and 2014 for data outsourcing in the EMEA region. The need to reduce the cost of data center infrastructure and operations has been one of the key factors contributing to growth in this market.<br/><br/>&quot;The Data Center Outsourcing market in the EMEA region has also been witnessing an increased focus on green data center facilities,&quot; TechNavio reported in a statement. &quot;However, increased concern for data security in the data centers could pose a challenge to the growth of this market.&quot;<br/><br/>In regards to the wider <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> market, activity has been particularly active in the Asia/Pacific market. Worldwide, however, analysts expect outsourcing to enjoy even greater demand in coming years. Earlier this week, Information Services Group reported that 2011 was the busiest year on record for the global outsourcing sector.]]></content:encoded></item>		<item><title>Social CRM Driving Sales Through Online Channels</title><link>http://www.teletech.com/news/customer-management/social-crm-driving-sales-through-online-channels-800694002</link><pubDate>2012-01-26T00:00:00</pubDate><content:encoded><![CDATA[ With consumers turning to the web to inform purchasing decisions and complete transactions in greater numbers, ecommerce has become a dynamic and competitive space. To prosper in this digital landscape, companies may be wise to incorporate social media tools into their customer relationship management (CRM) systems.<br/><br/>&quot;Our customers can have a very short decision-making process so we need to respond on their timeline,&quot; Honda marketing executive David Hodgkinson explained in a recent interview with Marketing Week. &quot;If we don&#39;t we potentially create a demand that a competitor can fill.&quot;<br/><br/>Hodgkinson acknowledged that most companies still fall well short of this objective, unfortunately, struggling to reply to customer emails in a timely manner - if at all.<br/><br/>To close the gap between customer expectations and company communications, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> may be the answer. By migrating the conversation to a platform that facilitates brief, instant interaction, consumers receive responses in a fraction of the time.<br/><br/>This approach can also benefit companies in ways beyond customer satisfaction. According to 1to1 Media, social CRM introduces the opportunity monitor and uncover new sales opportunities and respond appropriately in real time.]]></content:encoded></item>		<item><title>Recovering Economy May Forces Changes in Outsourcing Sector</title><link>http://www.teletech.com/news/enterprise-management/recovering-economy-may-forces-changes-in-outsourcing-sector-800692515</link><pubDate>2012-01-26T00:00:00</pubDate><content:encoded><![CDATA[ While the global outsourcing market continued to show strong growth through the economic downturn, the upward trajectory may face some hurdles as the effects of the recession begin to recede.<br/><br/>In many ways, <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> grows during times of financial tightening, as firms look for ways to cut costs while also maintaining service and operational standards. However, Information Services Group reported last week that 2011 was the busiest year on record for the global outsourcing sector, even as the year showed considerable improvement in general economic conditions.<br/><br/>&quot;Moving beyond the call centers has meant expansion into &#39;value added&#39; services, from bespoke software development to research, design and consultancy services, while also entering areas such as cloud computing,&quot; writes James Crabtree for the Financial Times. &quot;These activities increasingly replace the more familiar business process and back office outsourcing operations.&quot;<br/><br/>Firms face added challenges to sustainability with the worsening of Europe&#39;s debt crisis, which many analysts fear may be driving a recession on the continent. Political impasses and weak job creation in the U.S. may also alter the demand landscape for global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> providers.]]></content:encoded></item>		<item><title>Mobile CRM Key to Contact Center Relevance</title><link>http://www.teletech.com/news/contact-center-technology/mobile-crm-key-to-contact-center-relevance-800692892</link><pubDate>2012-01-25T00:00:00</pubDate><content:encoded><![CDATA[ The escalating adoption of smartphones and tablets has been labeled a disruptive force by technology leaders. As a result, businesses slow to adapt to the new mobile landscape will risk losing relevance in the marketplace.<br/><br/>Hosted contact centers have not been immune to this trend. Although advanced customer relationship management (CRM) tools have contributed to the industry&#39;s technology-savvy reputation, it is no time for business managers to rest on their laurels.<br/><br/>&quot;The increase of mobile devices has more and more consumers equipped with fast wireless Internet connections, demanding connectivity and continuity at all times,&quot; explained Business2Community writer Scott Kolman in a recent report. &quot;This evolution is ushering in a new age of the always-connected customer, which is transforming the way companies interact and service their customers.&quot;<br/><br/>Kolman went so far as to say that 2012 could bring &quot;the death of the contact center.&quot; To prove him wrong, companies will have to respond to the writing on the wall and incorporate mobile and social channels into their current CRM operations. From providing text message alerts to websites optimized for mobile browsing, smartphone and tablet integration will soon be the new norm.]]></content:encoded></item>		<item><title>Europe, Africa, Middle East Lead Boom in Fourth Quarter Outsourcing Activity</title><link>http://www.teletech.com/news/enterprise-management/europe-africa-middle-east-lead-boom-in-fourth-quarter-outsourcing-activity-800691554</link><pubDate>2012-01-25T00:00:00</pubDate><content:encoded><![CDATA[ A slew of large contracts helped lift the outsourcing markets of Europe, Africa and the Middle East to record levels in the fourth quarter, according to data released by Information Services Group.<br/><br/>The report notes a 17 percent surge in fourth quarter contracting value over the same period in 2010. The October-December period also marked a 12 percent increase over the third quarter of 2011.<br/><br/>Four out of five of the fourth quarter&#39;s largest deals occurred in either Europe, the Middle East or Africa. This bodes well for the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector, which has traditionally been driven by activity in Asian markets.<br/><br/>&quot;This region had a substantial impact on the performance of the global market both in the fourth quarter and in 2011,&quot; said Duncan Aitchison, partner and president of ISG North Europe. &quot;The growth we saw was largely the result of significant mega-deal activity as well as large contract awards in the historically less robust outsourcing markets, particularly France, Southern Europe and the Middle East.&quot;<br/><br/>Analysts expect 2012 to show continued growth in the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sector, especially as cash-strapped companies move to rein in expenses and capitalize on the supply of skilled service providers.]]></content:encoded></item>		<item><title>Organizational Culture Distinguishes Customer Service Leaders</title><link>http://www.teletech.com/news/customer-management/organizational-culture-distinguishes-customer-service-leaders-800691832</link><pubDate>2012-01-24T00:00:00</pubDate><content:encoded><![CDATA[ Advanced technology may be the focus of customer relationship management (CRM) investments in the new year, but an increased emphasis on transforming organizational culture may yield stronger dividends.<br/><br/>A highly engaged workforce is a powerful predictor of organizational success - particularly among customer experience specialists. According to the Employee Engagement Index developed by the Tomkin Group, high-performing staffers understand their company&#39;s mission, feel that their feedback is valued, and have adequate training and tools to complete the job. But Tomkin analysts found that just 31 percent of employees meet this standard.<br/><br/>&quot;Highly engaged employees are a real asset; they&rsquo;re 5.8 times more committed to helping their companies succeed and 4.7 times more likely to recommend that someone apply for a job at their company,&quot; researchers noted. &quot;It turns out that companies with good customer experience have 2.5 times more engaged employees than companies with poor customer experience.&quot;<br/><br/>To instill this valuable attribute across an organization, Business2Community contributor Shep Hyken suggests managers keep culture in mind from the recruitment and training processes through the employee performance analyses. By fostering and rewarding the hallmarks of a thoughtful, effective customer service culture, organizations may create a valuable competitive advantage.]]></content:encoded></item>		<item><title>Expert Weighs in on State of Global Outsourcing Sector</title><link>http://www.teletech.com/news/enterprise-management/expert-weighs-in-on-state-of-global-outsourcing-sector-800690403</link><pubDate>2012-01-24T00:00:00</pubDate><content:encoded><![CDATA[ <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">Business process outsourcing</a> is essentially a matter of people making decisions. If they are halted, it has a negative impact on all associated organizations, particularly service providers.<br/><br/>This is the general perception of the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sector as told by Joseph Foresi, director of IT outsourcing and consulting at Janney Montgomery Scott. Foresi recently spoke with the Wall Street Transcript about current and future prospects for the global BPO industry.<br/><br/>Among the trends Foresi sees emerging, he notes a general pickup in &nbsp;activity as organizations look to outsourcing as a viable cost-saving option. There has also been an extension of the BPO sales cycle. This translates to strong demand in the outsourcing market for the years ahead.<br/><br/>A report released last week by ISG supports this notion, as it found 2011 to be the busiest year on record for the global outsourcing sector.<br/><br/>&quot;I think that the more mature offerings like finance and accounting are probably the first to have recovered,&quot; Foresi added. &quot;So some of the more standard work is the first that&#39;s seen benefits of the economic recovery, but the space is pushing into areas that are a little bit more advanced, such as in the health care industry, dealing with more complex health care issues.&quot;]]></content:encoded></item>		<item><title>Federal Government Finding Success With Digital Customer Service</title><link>http://www.teletech.com/news/customer-management/federal-government-finding-success-with-digital-customer-service-800690667</link><pubDate>2012-01-23T00:00:00</pubDate><content:encoded><![CDATA[ Consumers are once again voicing their opinions loud and clear to government leaders, but this time as a sign of praise. According to the latest market research from ForeSee, the federal government is providing exceptional customer experiences across its websites.<br/><br/>ForeSee&#39;s E-Government Satisfaction Index has revealed that support for the public sector&#39;s digital customer service initiatives has reached record highs at a time when the majority of the nation is fed up with government operations as a whole. On a 100-point scale, customer services satisfaction reached 75.1 in Q4 2011, falling just short of the records set during the two preceding quarters.<br/><br/>&quot;We are going to hear a lot about big government throughout the campaign season, but it would be a mistake to curb e-government initiatives in the name of cutting government waste,&quot; explained ForeSee president Larry Freed. &quot;There are a number of benefits to high satisfaction with e-government, including increased trust, higher participation, and greater usage of the web channel, which leads to more efficiency.&quot;<br/><br/>Federal administrators seem to be applying popular customer relationship management (CRM) strategies seen in the private sector. By providing citizens with a range of service options and helpful information through each engagement channel, both customer satisfaction and operational efficiency have risen.]]></content:encoded></item>		<item><title>Integrating Data Sets With Social CRM</title><link>http://www.teletech.com/news/customer-management/integrating-data-sets-with-social-crm-800689702</link><pubDate>2012-01-20T00:00:00</pubDate><content:encoded><![CDATA[ Most companies have already achieved a certain amount of proficiency with capturing and storing customer transaction records. But when combined with insights acquired through social media interactions, this data can shape powerful customer relationship management (CRM) strategies.<br/><br/>&quot;In many cases, organizations have transactional data extending back 30 years or more, but they&#39;re also coping with enormous volumes of multimedia data,&quot; business intelligence expert Gary Curtis explained in a recent interview with Baseline Magazine. &quot;Combining everything and making sense out of it is the challenge of the digital age. Currently, few organizations are tapping into the full potential of their data.&quot;<br/><br/>The influx of big data in recent years has only amplified the advantages of quality information management. According to Baseline Magazine, these larger data sets make information more transparent and actionable and allow for easier segmentation to focus on specific objectives.<br/><br/>According to Business2Community, 2012 will see an increased demand for fully integrated <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> systems. By capturing a wider variety of market trends - and doing so with greater accuracy - companies can uncover unique insights and create strategies that become competitive advantages.]]></content:encoded></item>		<item><title>BPO Trend: Top Firms Outsourcing Human Resource Functions</title><link>http://www.teletech.com/news/enterprise-management/bpo-trend-top-firms-outsourcing-human-resource-functions-800689443</link><pubDate>2012-01-20T00:00:00</pubDate><content:encoded><![CDATA[ <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">Business process outsourcing</a> is a unique industry in that there are so many market horizontals to consider. Service providers tend to develop their own specializations, such as customer service, IT or accounting.<br/><br/>One of the most popular horizontals of late has been human resources. According to Riaan Terblanche, managing director at HRO, outsourcing human resource functions can lead to cost savings and greater operational efficiency.<br/><br/>&quot;Human resources, as a non-profit cost centre, is an ideal candidate for outsourcing, given the state of the global economy,&quot; Terblanche told IT Web. &quot;The incidence of large multinational organizations outsourcing their HR administrative functions such as payroll, recruitment or benefit administration to off-shore locations is also increasing.&quot;<br/><br/>According to the source, nearly 10 percent of Fortune 500 companies have some sort of HR <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> contract in place, and that figure is expected to grow. A report released this week by Information Services Group found outsourcing deals surged in 2011 by 3 percent, compared to the previous year, enough to mark the busiest year on record for the global outsourcing sector.]]></content:encoded></item>		<item><title>Enhanced Customer Service Unlocking New Revenue Streams</title><link>http://www.teletech.com/news/customer-management/enhanced-customer-service-unlocking-new-revenue-streams-800687875</link><pubDate>2012-01-19T00:00:00</pubDate><content:encoded><![CDATA[ Stories of customer service nightmares have echoed across all industries, but insurance claim processing has gained a reputation as a uniquely tedious and frustrating transaction. According to industry expert Jamie Gladman, this problem could actually present a huge opportunity for insurers that can deliver an exceptional customer experience.<br/><br/>In a recent column for PropertyCasualty360, Gladman suggested that the insurance sector at-large has traditionally been reluctant to change its ways and embrace innovation. But as with any line of business, companies must be willing and able to evolve or augment processes to match the changing expectations of their customer base.<br/><br/>&quot;As consumers see technological advancements, more self-service options, and improved accessibility from other industries, they are demanding the same of us,&quot; Gladman explained. &quot;Claims handling must become more agile and more customer-centered, especially where personal property claims are involved.&quot;<br/><br/>One way to demonstrate a more customer-centric view is the incorporation of social media channels into current customer relationship management (CRM) strategies.<br/><br/>Recent market research has confirmed that consumers are now demanding customer service through social media - in addition to a greater variety of self-service options. This is particularly true among the younger demographics. As a result, even straitlaced industries such as financial services are realizing that they can no longer ignore the need for - and potential of - <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a>.]]></content:encoded></item>		<item><title>Capitalizing on Customer Service Mistakes</title><link>http://www.teletech.com/news/customer-management/capitalizing-on-customer-service-mistakes-800688279</link><pubDate>2012-01-19T00:00:00</pubDate><content:encoded><![CDATA[ Although a number of companies are aiming for perfection in their customer service interactions, how they rebound from failures may be a more telling indicator of their success.<br/><br/>Whether it&#39;s a missed shipping deadline or hours spent on hold waiting for the next available representative, disappointing customer experiences are nearly inevitable. Companies often fear the worst when these incidents occur - particularly when economic uncertainties have placed a premium on customer loyalty and retention. But according to Business2Community contributor Shep Hyken, companies should frame the flawed interaction as an opportunity to shine.<br/><br/>To resolve customer frustration, Hyken encourages companies to acknowledge the problem and offer a sincere apology. Next, service staff will have to get creative and offer a temporary solution, such as a complimentary upgrade. However, the key step will be to promise a more satisfactory and permanent solution and honor that agreement.<br/><br/>According to marketing consultant Pete Bosse, this ability to &quot;turn lemons into lemonade&quot; is the hallmark of a quality brand. By offering an unexpected perk, companies can buy themselves time and set the stage for another transaction in which they can meet or exceed customer expectations.]]></content:encoded></item>		<item><title>The Decision to Outsource is Not a Simple One</title><link>http://www.teletech.com/news/enterprise-management/the-decision-to-outsource-is-not-a-simple-one-800687170</link><pubDate>2012-01-19T00:00:00</pubDate><content:encoded><![CDATA[ Many organizations are turning to outsourcing as a viable option for optimizing their business functions in a cost-effective manner. Difficult economic conditions, driven in large part by debt woes in Europe and stagnant activity in the U.S., have reinvigorated discussions of the bottom line and cost controls.<br/><br/>But the decision to outsource is a complex one. First, organizations must consider which processes they are able to entrust to outside experts. IT, customer service, human resources and accounting are just a few of the most popular trends in business process outsourcing.<br/><br/>Second, firms need to weight the financial impact. After all, there&#39;s little point to outsourcing a process that will not save money.<br/><br/>&quot;It is common for outsourcing business cases to underestimate the costs associated with the transition to an outsourced solution,&quot; points out David Borowski for Business Finance magazine. &quot;The resulting budget overruns often trigger a mandate to forgo necessary activities in an effort to become budget neutral, which jeopardizes stabilization efforts.&quot;<br/><br/>Whether or not it intends to, the U.S. continues to offshore many of its jobs. This trend provides ample opportunity for foreign <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> providers to soak up business and market talent.]]></content:encoded></item>		<item><title>Achieving Complete Integration Through Mobile CRM</title><link>http://www.teletech.com/news/customer-management/achieving-complete-integration-through-mobile-crm-800686982</link><pubDate>2012-01-18T00:00:00</pubDate><content:encoded><![CDATA[ As companies have become more adept at tailoring internal processes to address customer expectations, mobile devices may be the final frontier eluding organizations hoping to establish comprehensive customer relationship management (CRM) systems.<br/><br/>The consumerization of IT is not necessarily a new concept, but it was brought to the attention of many business managers for the first time in 2011. Prevalent social media use at home is creating a revolution in client communications and employee collaboration. Smartphones and tablets are following a similar trajectory. As a result, some experts believe mobile CRM may soon parallel or even eclipse the significance of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a>.<br/><br/>According to Business2Community, mobile integration is no longer a luxury in CRM, it is a business essential. With employees spending more time out of the office - by choice or by necessity - it is crucial to maintain a link to all available customer data and resources.<br/><br/>Aside from extending employee productivity, effective mobile CRM solutions should also be a conduit for customer feedback. Service transactions no longer take place exclusively on the phone or online, and consumers are beginning to show a clear preference for the convenience and speed of mobile communications in certain scenarios.]]></content:encoded></item>		<item><title>Finance Sector Can Outsource Key Processes to Improve Performance</title><link>http://www.teletech.com/news/enterprise-management/finance-sector-can-outsource-key-processes-to-improve-performance-800686123</link><pubDate>2012-01-18T00:00:00</pubDate><content:encoded><![CDATA[ The pace of technology is fast enough that few are able to stay up to speed. This is perhaps most evident in the financial services sector, which depends on wide array of instruments, data sets and investment tools to drive performance.<br/><br/>Fortunately, the simultaneous emergence of the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector has helped finance companies balance their technological demands. According to a recent white paper by the Depository Trust and Clearing Corporation, financial institutions can reap operational benefits and avoid unnecessary risk exposure by outsourcing corporate actions, such as mergers, dividends, and stock splits.<br/><br/>&quot;By outsourcing the acquisition and validation of corporate actions data to an established provider and ensuring performance through rigorous service-level agreements, firms can ensure the accuracy, timeliness and breadth of coverage they need for corporate actions information,&quot; said Andrew Delaney, editor in chief of the A-Team Group.<br/><br/>Outsourcing has emerged as a viable corporate strategy not merely in the financial services sector but elsewhere. The sheer volume of data that organizations are now responsible to keep track of has been an incentive in turning to <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a>.]]></content:encoded></item>		<item><title>Social CRM Approaching Critical Mass</title><link>http://www.teletech.com/news/customer-management/social-crm-approaching-critical-mass-800686657</link><pubDate>2012-01-17T00:00:00</pubDate><content:encoded><![CDATA[ The integration of social media and customer relationship management (CRM) strategies was a key development for companies in 2011, but as the technology matures and users gain familiarity, the practice could achieve mainstream acceptance by year&#39;s end.<br/><br/>&quot;When people listen, I never fail to tell them just how much I believe that social media will revolutionize the process of customer service in 2012,&quot; explained technology executive Mark Hillary in a recent guest column for the Huffington Post. &quot;I&#39;ve talked about it in the past from various angles - not least that the graduates of today don&#39;t remember a life before the internet - but I think this year we will reach a tipping point.&quot;<br/><br/>One of the crucial advances for <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> cited by Hillary is the continued integration of Twitter. Once seen as a platform for amusement rather than engagement, companies are starting to design their customer service experiences around the social network.<br/><br/>As developers introduce simpler and deeper ways to measure the impact of corporate Twitter activity, the website is being viewed as a legitimate component of business operations and praised for its unique ability to connect with target audiences.]]></content:encoded></item>		<item><title>A Few Tips for IT Outsourcing in Coming Years</title><link>http://www.teletech.com/news/enterprise-management/a-few-tips-for-it-outsourcing-in-coming-years-800685197</link><pubDate>2012-01-17T00:00:00</pubDate><content:encoded><![CDATA[ While <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> demand has risen in recent years, experts anticipate an even stronger period of growth over the next few years. At the core of this trend will be information technology.<br/><br/>There are two aspects to this process. On the one hand, analysts expect outsourced IT services to enjoy a considerable uptick in activity. On the other, the services offered may be augmented by new trends in network and cloud technology. In fact, IT World contributor Stephanie Overby argues that an organization&#39;s IT infrastructure will be of paramount concern in coming years.<br/><br/>Providers are likely to demand more high-end videoconferencing and digitization capabilities, Overby points out. &quot;Ensure you have the right infrastructure and software to handle the proposed technology enablers of diminished on-site staff &hellip; Also, make sure to design and execute effective internal training programs for the new tools.&quot;<br/><br/>As activity rebounds, service providers and clients can be expected to renew or renegotiate contracts. Overby argues that sending more work to less costly providers will result in a healthier long-term relationship.]]></content:encoded></item>		<item><title>Customer Loyalty Not All About Rewards</title><link>http://www.teletech.com/news/customer-management/customer-loyalty-not-all-about-rewards-800685528</link><pubDate>2012-01-16T00:00:00</pubDate><content:encoded><![CDATA[ Client retention has taken on added importance as companies continue to navigate global economic uncertainties. However, marketing experts are beginning to realize that eye-catching rewards are not the defining characteristic of successful customer loyalty programs.<br/><br/>Although many companies continue to assume that material rewards drive purchasing decisions, customer recognition may be more important, according to FirstPost. Highlighting and catering to the unique needs of a customer can be much more powerful than providing generic perk packages.<br/><br/>Best Buy has been applying this logic in recent months as it battles to sustain itself in an era of online retail. According to the news source, active engagement from in-store and Twitter-based help desk staff has led to faster service and a more meaningful customer experience to foster repeat business.<br/><br/>According to Pymnts contributor and marketing expert Thad Peterson, the payment card industry may be in particular need of revamped strategy as a focus on rewards points has restricted innovation.<br/><br/>&quot;A loyalty program is a major expense item, and if it isn&#39;t delivering a return well in excess of the expense, then maybe some rethinking should be done,&quot; Peterson explained in his latest column.<br/><br/>With that thought in mind, Peterson encouraged companies to conduct full audits of the associated expenses and eliminate items that do not align with core customer service objectives.]]></content:encoded></item>		<item><title>Big Pharmaceutical Companies Outsourcing More Than Biotech, Specialty Startups</title><link>http://www.teletech.com/news/enterprise-management/big-pharmaceutical-companies-outsourcing-more-than-biotech-specialty-startups-800684049</link><pubDate>2012-01-14T00:00:00</pubDate><content:encoded><![CDATA[ The pharmaceutical and biotechnology sectors rely heavily on market data to inform operational and logistics strategies. Increasingly, organizations in these industries are turning to <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> to alleviate costs, limit disruptions of service, and sustain productivity.<br/><br/>However, trends appear to shift dramatically when distinguishing&nbsp;between market segments. For example, according to data from a recent Nice Insight report, big pharmaceutical companies have been most active in outsourcing in recent months.<br/><br/>Compared to biotech, specialty pharmaceuticals, and other niche startups, large pharmaceutical firms outsourced the greatest number of services in the fourth quarter - an average of 5.08 services, compared to 3.74 in the first quarter of last year. Half of all surveyed representatives from this industry also spend more than $50 million per year on their outsourcing budgets.<br/><br/>&quot;One thing is for certain - knowledge is power,&quot; writes Kelly Bray for PharmPro. &quot;By pinpointing how and where different segments of the industry are investing in outsourcing, providers can adjust their marketing efforts to better focus on these companies and improve their odds of forming successful partnerships.&quot;]]></content:encoded></item>		<item><title> Social CRM for Proactive Communication</title><link>http://www.teletech.com/news/customer-management/social-crm-for-proactive-communication-800684488</link><pubDate>2012-01-13T00:00:00</pubDate><content:encoded><![CDATA[ Social media has provided customers with a powerful and convenient way of initiating contact with companies. But while addressing this feedback is a key component of effective customer relationship management (CRM), it is also important for businesses to communicate more proactively at times.<br/><br/><a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a> gives customers the ability to circumvent traditional communication channels in order to receive faster service. To meet these expectations, agents assigned to these channels spend the bulk of their time fielding queries and responding in real time. But although acknowledging and replying to messages is important, customers may be better served by original interactions initiated by the company.<br/><br/>According to 1to1 Media, customer education should not be overlooked in social CRM strategies. In certain scenarios - including airline delays, potential fraud alerts, and payment reminders - customers are often looking for a sign of company outreach. However, identifying unique customer needs and only sending relevant messages is essential.<br/><br/>These real-time social CRM analytics can help companies generate the &quot;above and beyond&quot; service that customers rave about. According to BusinessInsider, online retailer Zappos has built much of its brand around this concept. In fact, contact center employees working for the company get a seven full weeks of training before going into the field to ensure they can make full use of the technology.]]></content:encoded></item>		<item><title>Social CRM Gaining Traction in Banking Sector</title><link>http://www.teletech.com/news/customer-management/social-crm-gaining-traction-in-banking-sector-800683510</link><pubDate>2012-01-12T00:00:00</pubDate><content:encoded><![CDATA[ Although the highly regulated nature of financial services often leads to late adoption of emerging technology, it appears as though banks are coming to understand the potential of social media in customer relationship management (CRM).<br/><br/>According to the latest report from Javelin Strategy &amp; Research, consumers are becoming more comfortable mixing social media and personal finance. While security issues are still a concern for some, Javelin analysts found that one in 10 survey respondents are now in favor of reviewing or checking account balances through social media websites.<br/><br/>But before banks move forward with new <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategies, it may be wise to review the early successes and setbacks experienced by their counterparts.<br/><br/>&quot;As FIs [financial institutions] begin to participate in social media channels they need to be prepared to allocate sufficient resources to address and resolve consumer issues,&quot; explained Javelin senior analyst Mark Schwanhausser. &quot;Other FIs can take a cue from trailblazers like Citi, Bank of America and Wells Fargo and start with the basics of branding and educating consumers through Twitter and other social media platforms.&quot;<br/><br/>According to ZDNet, a lack of engagement with open social media channels can be costly. Delayed responses and transparently scripted messages could do more harm than good in terms of customer loyalty.]]></content:encoded></item>		<item><title>Global BPO Market Shifting Balance as Demand Rises for Technical Skills and Services</title><link>http://www.teletech.com/news/enterprise-management/global-bpo-market-shifting-balance-as-demand-rises-for-technical-skills-and-services-800681980</link><pubDate>2012-01-12T00:00:00</pubDate><content:encoded><![CDATA[ Demand is growing for highly specific and technical outsourcing services, as companies in the U.S. and Europe continue to adapt to evolving market dynamics and technological considerations.<br/><br/>While India has been the hub of customer service outsourcing for some time now, the balance is beginning to shift, as other markets with considerable English-speaking populations - such as the Philippines, Kenya and South Africa - are developing their own <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sectors.<br/><br/>&quot;Investment in world-class facilities, extensive talent development and other initiatives [have] created a cost disadvantage [in India],&quot; reports The Hindu, citing a study by the Associated Chambers of Commerce and Industry of India.<br/><br/>&quot;Ease of doing business, availability of abundant English speaking workforce at lower wages, better infrastructure and government incentives&quot; are just a few more of the reasons why the nation is losing its dominance in the sector.<br/><br/>Particularly noteworthy is the development of information technology outsourcing. Demand for skilled IT workers is on the rise not only in <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> markets but the U.S. as well. The limited flow of qualified professionals is driving many firms in Europe and North America to consider outsourcing for the first time.]]></content:encoded></item>		<item><title>Customer Service Requires Commitment Across the Organization</title><link>http://www.teletech.com/news/customer-management/customer-service-requires-commitment-across-the-organization-800682097</link><pubDate>2012-01-11T00:00:00</pubDate><content:encoded><![CDATA[ Although contact center agents, marketing personnel and sales staff are often on the front lines of customer interactions, effective service requires a customer-centric focus at all levels of the organization.<br/><br/>&quot;I&#39;ve said in the past that CRM [customer relationship management] starts with hiring,&quot; Christopher Bucholtz explained in his latest CRM Buyer reports. &quot;No matter what kind of technology you invest in, the wrong employees will sabotage your efforts and cause the best intentions of everyone involved - sales, marketing and support - to result in a big bust.&quot;<br/><br/>This notion is particularly important in the era of social media, as stories of poor customer service can spread quickly through online environments and follow a brand long beyond the initial incident. To stay ahead of the curve, Bucholtz suggests that it is up to management to lay the seeds for success.<br/><br/>Much of an employee&#39;s daily workflow and incentive structure comes from the top, according to Bucholtz, and management must reexamine policies and strategies to ensure they are not only rewarding but, more importantly, facilitating strong customer service.<br/><br/>With a number of companies in the midst of implementing new <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> utilities, for example, employees must be given the time and training to maximize the technology. Additionally, managers could segment staff and place them in charge of specific engagement channels to highlight their expertise and better serve the customer.]]></content:encoded></item>		<item><title>Healthcare Outsourcing to Pick Up Steam in Coming Years</title><link>http://www.teletech.com/news/enterprise-management/healthcare-outsourcing-to-pick-up-steam-in-coming-years-800681004</link><pubDate>2012-01-11T00:00:00</pubDate><content:encoded><![CDATA[ The recent healthcare reform law in the U.S. may drive up investment in business process outsourcing, as companies look to optimize their core processes and cut down on costs.<br/><br/>However, the healthcare industry faces a number of challenges in coming years. These concerns are driven largely by the skyrocketing cost of care and a tightening labor pool. As demand for outsourced services rises, vendors are also beginning to equip themselves for more technical and highly specific processes.<br/><br/>&quot;The payer (healthcare insurance companies), provider (hospitals) and the pharmaceutical companies are looking at outsourcing as a viable option to be competitive in the business,&quot; reports Research and Markets. &quot;Healthcare reforms introduced by [the] Obama government are also driving the healthcare outsourcing market.&quot;<br/><br/>According to the report, pharmaceutical outsourcing accounts for the largest share (64.3 percent) of the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> market, but it is projected to grow at a compound annual growth rate of 14.6 percent from 2011 to 2016. Healthcare payer outsourcing is also expected grow by 30 percent over the same period.]]></content:encoded></item>		<item><title>Turning Big Data Into Customer Loyalty</title><link>http://www.teletech.com/news/customer-management/turning-big-data-into-customer-loyalty-800681446</link><pubDate>2012-01-10T00:00:00</pubDate><content:encoded><![CDATA[ The interactions between company and client generate a wealth of valuable information. But without the proper customer relationship management (CRM) tools in place, business will find it hard to analyze this data and design effective customer loyalty programs.<br/><br/>Whether on the phone, online, or on Twitter, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> software allows companies to capture and interpret the information exchanged during customer interactions. With this data in hand, marketing managers can adapt engagement strategies to satisfy emerging expectations while allocating business resources effectively.<br/><br/>In a recent interview with the New York Times, Hilton Worldwide marketing executive Jeff Diskin explained why his hotel chain tracks customer activity levels in real time.<br/><br/>&quot;We want to focus more on the people who are still engaged with us,&quot; Diskin told the news source. &quot;We are stratifying who we invest in.&quot;<br/><br/>With that in mind, EnterpriseAppsToday columnist Drew Robb recently suggested that companies will place an increased emphasis on data quality in 2012. With the most relevant and up-to-date customer information within reach, marketing teams can design social CRM campaigns that offer attractive service throughout the customer lifecycle.]]></content:encoded></item>		<item><title>Social Media Adding New Layers to Customer Service</title><link>http://www.teletech.com/news/customer-management/social-media-adding-new-layers-to-customer-service-800680240</link><pubDate>2012-01-09T00:00:00</pubDate><content:encoded><![CDATA[ Social media has become a disruptive force in many arenas in recent years, but incorporating these popular channels into customer relationship management (CRM) systems may be the best place for companies to start.<br/><br/>With <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a>, businesses can engage customers on increasingly popular communications platforms like Facebook, LinkedIn, and Twitter. These websites allow an organization to instantly interact with millions of people and tailor more relevant messages to a more targeted segmented. Social CRM also allows companies to collect and make sense of the wealth of feedback being generated by clients and consumers.<br/><br/>Understanding and respecting the customer&#39;s voice has becoming even more important with the advent of social media. Bad news travels fast, and lackluster customer service reviews can damage a company&#39;s reputation within a matter of hours.<br/><br/>A video game accessory manufacturer recently learned this lesson the hard way. After missing a product delivery date by weeks, Ocean Marketing president Paul Christoforo quickly descended into what PR Week labeled an &quot;abusive email exchange&quot; with a customer. As if disturbing a loyal customer weren&#39;t enough, the company&#39;s brand took a severe hit after the hostile communications were published across several popular video gaming websites.]]></content:encoded></item>		<item><title>Companies Must Evolve Alongside Customers</title><link>http://www.teletech.com/news/customer-management/companies-must-evolve-alongside-customers-800679208</link><pubDate>2012-01-09T00:00:00</pubDate><content:encoded><![CDATA[ The past few months have been a particularly dynamic period for customer relationship management (CRM) as companies work to keep pace with the quickly evolving needs of those they serve. As a result, organizations may be forced to dedicate additional resources to provide an optimal customer experience in the new year.<br/><br/>One of the most important developments shaping the business community continues to be the increasingly vocal and active role of the customer. According to Business2Community, grassroots protest movements seen around the world in 2011 could have surprising implications for the unprepared company.<br/><br/>&quot;Each [protest movement] is significant in its own right and portends an even more dramatic shift in consumer behavior in 2012 that will impact business, marketing and society at large: the rise of the consumer activist.&quot;<br/><br/>Early signs of this trend can currently be seen in the financial sector, as customers frustrated by surreptitious fees have been moving their accounts away from large banks and toward smaller, locally-based credit unions.<br/><br/>As a result, Customer Think contributor William Band expects business executives to take a more active role in tracking and shaping the customer experience their organizations are providing. From authorizing investments in advanced CRM software to optimizing inter-department collaboration, management personnel will be forced to adapt to unique market conditions.]]></content:encoded></item>		<item><title>Research Underscores Complexity of Online Customer Service</title><link>http://www.teletech.com/news/customer-management/research-underscores-complexity-of-online-customer-service-800678340</link><pubDate>2012-01-06T00:00:00</pubDate><content:encoded><![CDATA[ According to ForeSee&#39;s annual Holiday E-Retail Satisfaction Index, a number of top brands are still finding it difficult to provide an optimal customer experience across online channels.<br/><br/>This year&#39;s report discussed the conflicting case studies presented by Amazon and Netflix. While Amazon continued its tradition of garnering high marks from customers, 2011 was a particularly challenging year for the video service provider.<br/><br/>&quot;Netflix totally misread its customer base and is paying the price, damaging its brand among both consumers and investors,&quot; noted research coordinator Larry Freed. &quot;Customer satisfaction is predictive, which means that Netflix&#39;s financial woes may be just beginning.&quot;<br/><br/>Conversely, Amazon&#39;s effective use of customer relationship management (CRM) systems allowed the company to retain strong customer service even as the massive online retailer expanded operations into new arenas.<br/><br/>According to MSNBC, which acquired an advanced copy of the report, quality <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> initiatives are helping some retailers overcome the struggles of their brick-and-mortar operations. For example, although JCPenny has been consistently losing ground to Wal-Mart, its exemplary online customer experience is helping to steady the company and may soon reverse recent trends.]]></content:encoded></item>		<item><title>Virtualization: The next step in the evolution of business process outsourcing?</title><link>http://www.teletech.com/news/enterprise-management/virtualization-the-next-step-in-the-evolution-of-business-process-outsourcing-800677761</link><pubDate>2012-01-06T00:00:00</pubDate><content:encoded><![CDATA[ Cloud technology has provided a slew of business solutions while simultaneously forcing a disruption to long-held business processes. In regards to staffing demands, the virtualization of the workforce has driven up the population of telecommuters across the globe.<br/><br/>Ultimately, this trend may force a rethinking of the traditional call centers. In fact, a new report from research firm Frost &amp; Sullivan suggests this may be the next step in the evolution of the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> industry.<br/><br/>&quot;The disaggregation of people talent, orchestrated and aggregated centrally by organisations through virtualization, is the next evolution of business process outsourcing,&quot; the report explains. &quot;Broadband and technology has [sic] enabled a new approach to leveraging talent, wherever it resides.&quot;<br/><br/>Virtualization is not only the use of remote resources. It also involves leveraging a network of contractors with adequate education, training, certification and skills related to the industry horizontal in question. This extended, virtualized network, the report argues, is the evolution of outsourcing.<br/><br/>The global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sector is expected to show continued growth through 2012, with particular activity emerging from developing economies such as Kenya, the Philippines and Brazil.]]></content:encoded></item>		<item><title>2012 Outsourcing Demands to Focus on Administration, IT, HR, Customer Service</title><link>http://www.teletech.com/news/enterprise-management/2012-outsourcing-demands-to-focus-on-administration-it-hr-customer-service-800678862</link><pubDate>2012-01-06T00:00:00</pubDate><content:encoded><![CDATA[ More and more organizations are noting the benefits of outsourcing as a means of cutting overhead while maintaining flexibility and operations without disruption. Last year saw record-breaking figures for the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> industry and 2012 may bring even more activity.<br/><br/>A recent survey by dictate2us found 62 percent of companies plan to outsource administrative positions this year.<br/><br/>&quot;Many of the administrative tasks typically undertaken by secretaries are necessary but incredibly time consuming,&quot; reports Daryl Leigh, chief executive of dictate2us. &quot;For that reason, it&#39;s important that business owners look objectively at their organization to question whether outmoded methods of operation are still relevant.&quot;<br/><br/>However, administration is only one horizontal that executives are eyeing for outsourcing consideration. Customer service remains one of the most vibrant outsourcing trends and has already helped lift economies in English-speaking markets such as India, the Philippines and South Africa.<br/><br/>Analysts also expect demand for other processes to rise, including human resources, payroll processing, marketing and information technology. Ongoing recruiting challenges and a widening talent gap may even expedite this trend in 2012.]]></content:encoded></item>		<item><title>Verizon Hears Customers, Abandons Proposed Fees</title><link>http://www.teletech.com/news/customer-management/verizon-hears-customers-abandons-proposed-fees-800678332</link><pubDate>2012-01-05T00:00:00</pubDate><content:encoded><![CDATA[ Within hours of announcing its plan to charge customers a $2 fee the pay their bills over the phone or online, Verizon encountered a wave of frustration coming in across a variety of channels. After analyzing this feedback, the company has now decided to abandon its plans and keep operations in line with customer expectations.<br/><br/>Verizon is one of several large corporations that have attempted to open new revenue streams in recent months by charging their customers small fees for access to previously routine services. However, the power of the social customer was once again on display after the company&#39;s customer relationship management (CRM) systems were recently inundated with angry messages.<br/><br/>&quot;At Verizon, we take great care to listen to our customers,&quot; company president and chief executive Dan Mead told reporters. &quot;Based on their input, we believe the best path forward is to encourage customers to take advantage of the best and most efficient options, eliminating the need to institute the fee at this time.&quot;<br/><br/>Just as Bank of America and CitiBank have learned in previous months, attention to <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> is imperative for companies hoping to capture the feedback of their clients and plot the best way to serve their needs and meet their expectations moving forward.]]></content:encoded></item>		<item><title>Research Confirms Strong Year for Mobile VoIP</title><link>http://www.teletech.com/news/contact-center-technology/research-confirms-strong-year-for-mobile-voip-800677369</link><pubDate>2012-01-05T00:00:00</pubDate><content:encoded><![CDATA[ The use of voice over internet protocol (VoIP) solutions is quickly emerging as a disruptive force in the telecommunications sector, and the integration of mobile device compatibility seems to be adding more fuel to the fire.<br/><br/>According to the latest market research from analysts at NPD In-Stat, active mobile VoIP subscriber rates more than tripled in 2011. Boasting approximately 9 million registered users in 2010, the technology gained an additional 20 million subscribers by the end of last year.<br/><br/>&quot;While VoIP is a well-defined market, mobile VoIP is still in its infancy, with most offering only being developed over the past several years,&quot; explained NPD In-Stat senior analyst Amy Cravens. &quot;Because it&#39;s in its nascent stage, there are significant opportunities for companies to develop in the market.&quot;<br/><br/>This valuable emerging segment is expected to generate more than $4 billion in revenues for mobile VoIP providers in 2015, according to the report. But as the technology expands upon its popularity and enters new markets in the coming year, the implications will be diverse.<br/><br/>According to the report, increasing deployment and adoption of 4G wireless service is expected to be a significant driver of mobile VoIP use. As this occurs, both consumers and business professionals may once again redefine their preferred communication styles.]]></content:encoded></item>		<item><title>Public Deficits Drive Up Outsourcing of Services to the Private Sector</title><link>http://www.teletech.com/news/enterprise-management/public-deficits-drive-up-outsourcing-of-services-to-the-private-sector-800676854</link><pubDate>2012-01-05T00:00:00</pubDate><content:encoded><![CDATA[ Recent debt crises in the U.S. have led to widespread layoffs in the public sector, enough to drag down hiring trends in the private sector and prolong unemployment. To handle massive budget shortfalls on the local and state level, government agencies are beginning to outsource many of their processes to private industry.<br/><br/>Take the city of Santa Ana, California, for example. Last fall, municipal officials reported the city is facing a $30 million budget deficit - a situation that led many to propose outsourcing government services, including fire protection, customer service and zoo management.<br/><br/>But debate has risen over the disclosure of public documents related to these services. In the public sector, California agencies are required to disclose the vast majority of their records. Private companies, however, are not, stirring up debate over such policies as <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> trends pick up.<br/><br/>&quot;When asked recently about outsourcing&#39;s effect on public records, Costa Mesa Mayor Pro Tem Jim Righeimer said the city shouldn&#39;t require a high level of records disclosure, such as emails, from companies with city contracts,&quot; reports Nick Gerda for Voice of OC.<br/><br/>&quot;It&#39;s none of our business,&quot; he said.]]></content:encoded></item>		<item><title>Unified Communications Offer Business Sustainability</title><link>http://www.teletech.com/news/contact-center-technology/unified-communications-offer-business-sustainability-800677356</link><pubDate>2012-01-04T00:00:00</pubDate><content:encoded><![CDATA[ Sustainability is becoming a popular buzz word in business circles as it applies to emerging financial and environmental concerns. For companies looking to make a lasting impact on the affordability and efficiency of their operations, unified communications may be the perfect place to start.<br/><br/>Business managers around the world are bemoaning the effects of the global economic malaise, and for good reason. But according to CRM Buyer columnist Denis Pombriant, these uncertain times may provide the optimal conditions for migration to subscription-based customer relationship management (CRM) systems and other essential enterprise software.<br/><br/>&quot;Much of your competition is in the same predicament and everyone understands this, and that makes this year a great time for the herd to move as one to subscriptions,&quot; the writer explained. &quot;There&#39;s no time like now for this kind of action, and subscriptions will make your business more resilient, no question.&quot;<br/><br/>Pombriant specifically highlighted the value of unified communications strategies, as they provide customers affordable and integrated access to everything from calendaring to videoconferencing utilities over the internet. The flexibility and scalability inherent to these <a href="http://www.teletech.com/solutions/hosted-technology">hosted technology</a> solutions also allow companies to instantly adapt to market conditions in the most cost-effective manner.]]></content:encoded></item>		<item><title>Mobile CRM Could Transform Contact Centers</title><link>http://www.teletech.com/news/customer-management/mobile-crm-could-transform-contact-centers-800675701</link><pubDate>2012-01-03T00:00:00</pubDate><content:encoded><![CDATA[ The power and versatility of smartphones and tablets was on display in several areas in 2011, but a number of contact center industry experts believe this will be the year that mobile customer relationship management (CRM) truly capitalizes on its momentum.<br/><br/>Increased mobile device use is one of several consumer trends that have reshaped the business technology landscape in recent years, and contact center managers hoping to serve customers of all demographics would be wise to acknowledge this development.<br/><br/>&quot;Because of social and mobile technologies, the customer has a pretty large demand over how companies treat them,&quot; Forrester Research analyst Suresh Vittal explained in a recent interview with TechTarget. &quot;It&#39;s up to companies to create this customer experience that can scale to their needs and can meet them wherever they want to be, wherever they are, to differentiate between all the other companies, and to created an extended customer experience.&quot;<br/><br/>According to DestinationCRM contributor Leonard Klie, the influence of mobile CRM has, in some cases, been strong enough to inspire contact centers to do away with their interactive voice response (IVR) solutions entirely. However, Klie advised companies to recognize the current limits of mobile CRM and continue to leverage the unique strengths of IVR to fill in any gaps.]]></content:encoded></item>		<item><title>Accelerating CRM Success With Hosted Technology</title><link>http://www.teletech.com/news/customer-management/accelerating-crm-success-with-hosted-technology-800674337</link><pubDate>2011-12-30T00:00:00</pubDate><content:encoded><![CDATA[ With more companies recognizing the merits of advanced customer relationship management (CRM) systems, the logical next step is deciding how to implement and optimize the technology. For a number of organizations, outsourcing related tasks to expert contact center agents may deliver powerful economic and operational benefits.<br/><br/>CRM technology has proven to be an essential tool for marketing and customer service staff hoping to organize, access, and leverage pertinent information effectively. But as data volumes continue to grow, managers are being forced to make difficult decisions on how to prioritize and allocate assignments.<br/><br/>&quot;More and more marketing organizations have begun identifying [performance] bottlenecks and are leveraging solutions such as outsourcing to dissect and hand off lower-value portions of the marketing process,&quot; explained Destination CRM contributor Shamez Dharamsi in his latest report. &quot;Outsourcing has evolved to become the much-needed release valve that can be employed by complete, &#39;always-on&#39; marketing organizations.&quot;<br/><br/>By transferring several routine responsibilities to contact center partners, internal staff are free to dedicate their time to more important - and more profitable - pursuits. This approach also eliminates the burden and anxiety of technical maintenance as these concerns are addressed by qualified professionals.]]></content:encoded></item>		<item><title>Outsourcing Demand Rises in Biotech, Pharmaceutical Sectors</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-demand-rises-in-biotech-pharmaceutical-sectors-800673430</link><pubDate>2011-12-30T00:00:00</pubDate><content:encoded><![CDATA[ <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">Business process outsourcing</a> has enjoyed considerable activity in a variety of global markets. While certain hubs have their specialties, demand appears to be trending toward highly technical fields with extensive training requirements.<br/><br/>In the U.S., for example, outsourcing has soared in the fields of business services, healthcare, and education. This is because employers are finding it increasingly difficult to recruit top performers or train current workers in-house.<br/><br/>It&#39;s no surprise, then, that the global pharmaceutical industry has been particularly active in outsourcing. Many drug companies now rely on outsourcing service providers to perform critical business processes, solve problems, and improve productivity and efficiency. A more subtle demand has emerged in the biotech industry, with a major focus on research and development.<br/><br/>&quot;Compared with the time before the financial crisis, the global-funding models of many VC investors have changed,&quot; writes Jim Zhang for Pharmaceutical Online. &quot;Due to the funding shortage, many small biotech companies that focus on small molecule drug R&amp;D have either reduced the scale of their R&amp;D or cut the number of their programs - or even closed their entire operation.&quot;]]></content:encoded></item>		<item><title>Emergence of Mobile VoIP Felt by Traditional Carriers</title><link>http://www.teletech.com/news/contact-center-technology/emergence-of-mobile-voip-felt-by-traditional-carriers-800673166</link><pubDate>2011-12-29T00:00:00</pubDate><content:encoded><![CDATA[ The telecommunications sector may undergo several significant changes in the coming months as the emergence of innovative voice over internet protocol (VoIP) solutions disrupts traditional industry power structures.<br/><br/>According to Venture Beat, 2012 will be the year that mobile VoIP crosses the tipping point and garners mainstream attention. The expanded distribution of 4G networks across North America and Europe is expected to be a primary driver of this trend as it dramatically improves call quality across wireless communication platforms. In concert with competitive pricing plans, VoIP solutions providers may soon have an additional selling point when competing against traditional carriers.<br/><br/>Similar predictions were expressed in a recent 2012 technology market forecast from PCWorld. In independent tests from associate editor Patrick Miller, the quality and reliability of VoIP calls were found to be no worse - and at times better - than those utilizing his standard cellular voice plan.<br/><br/>As more companies realize the utility and affordability of VoIP strategies, the market implications could be significant. Analysts from Technavio have already suggested that the North American mobile VoIP market will grow at a compound annual rate of nearly 60 percent through 2014.]]></content:encoded></item>		<item><title>Skill Shortage Draws Many Firms to Business Process Outsourcing</title><link>http://www.teletech.com/news/enterprise-management/skill-shortage-draws-many-firms-to-business-process-outsourcing-800672293</link><pubDate>2011-12-29T00:00:00</pubDate><content:encoded><![CDATA[ A talent gap in the labor market continues to widen, and the trend is hitting industries in the West particularly hard. In the U.S., some 13 million people are without work, but there are more than 3.3 million open positions, according to data form the Department of Labor.<br/><br/>Much of the disparity can be attributed to a lack of critical skills, particularly in highly complex sectors such as IT, finance and product development. At first, the recession provoked IT professionals to stay at their organizations, but the supply of such talent is now dwindling.<br/><br/>&quot;This is a time when new technology-oriented companies and startups are bursting foward across the business landscape, and slurping up talent,&quot; writes Joe McKendrick for ZDNet. &quot;Enterprises will need to formulate smarter and more creative ways to attract and keep the talent they need to build new business capabilities.&quot;<br/><br/>Accordingly, many firms have turned to <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> to handle their IT demands in the short-term. As both IT and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sectors continue to evolve, analysts expect service providers to be equipped to soak up more and more complex IT outsourcing demands.]]></content:encoded></item>		<item><title>Social Media Reshaping Customer Engagement</title><link>http://www.teletech.com/news/customer-management/social-media-reshaping-customer-engagement-800672043</link><pubDate>2011-12-28T00:00:00</pubDate><content:encoded><![CDATA[ Although initially skeptical of its business merits, companies around the world are embracing social media as a uniquely powerful means of engaging current customers and attracting new prospects.<br/><br/>Social media is popping up in unexpected places in the business community with some companies even designing their entire customer experience around the technology. According to Fox Business, one upstart restaurant chain has chosen to display its live Facebook and Twitter feeds on large monitor just inside its doors so that visitors can see what customers are saying about the food. They are also encouraged to join the conversation using one of several iPads located on site for that specific purpose.<br/><br/>This strategy may not fit the unique goals of every company, but a more limited approach can benefit almost any organization. By incorporating social media into customer relationship management (CRM) systems, companies in even the most straitlaced industries have been able to gather valuable data and foster deeper engagement.<br/><br/>According to the Next Web, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> may become a standard component of successful hosted contact centers in 2012, as the business case for implementation gathers momentum and executives recognize the strong return on investment delivered by the technology.]]></content:encoded></item>		<item><title>Recognizing the Rise of the Social Customer</title><link>http://www.teletech.com/news/customer-management/recognizing-the-rise-of-the-social-customer-800672049</link><pubDate>2011-12-28T00:00:00</pubDate><content:encoded><![CDATA[ Web 2.0 technologies have fundamentally shifted the balance of power in business-to-customer interactions, according to Destination CRM contributor Carolyn Baird, and the recognition and response to this trend may soon become a key determinant of company success.<br/><br/>To address this significant evolution of engagement paradigms, companies may be wise to focus attention on their current customer relationship management (CRM) systems.<br/><br/>&quot;Traditional CRM strategies typically are designed with an internal, operational focus to manage the customer relationship through controlled interactions,&quot; Baird explained. &quot;While companies recognize the need to be active in social media, far fewer have rethought their CRM strategies.&quot;<br/><br/>Although the implementation of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategies often necessitates both technical and cultural changes within an organization, the transition may be well worth the effort.<br/><br/>According to BtoB Online contributor Scott Hornstein, responsiveness remains the key determinant of effective customer service. Companies that ignore social CRM innovations are cutting themselves off from popular customer communication platforms and may be missing important insights as a result. Conversely, businesses must be prepared to interpret and respond to this influx of information or risk disappointing customers via perceived indifference.]]></content:encoded></item>		<item><title>Mobile, Social Technologies Disrupting CRM Space</title><link>http://www.teletech.com/news/customer-management/mobile-social-technologies-disrupting-crm-space-800670981</link><pubDate>2011-12-27T00:00:00</pubDate><content:encoded><![CDATA[ Analysts from Technology Evaluation Centers have released a comprehensive report on the latest trends in customer relationship management (CRM), highlighting the continued impact of mobile and <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> solutions.<br/><br/>&quot;CRM systems offer more choices than ever before - offering enterprises not only an insight into the opportunities to grow business with each customer, but a way of measuring their value,&quot; explained TEC analyst Gabriel Gheorghiu. &quot;There&#39;s lots of new functionality that companies need to be aware of to stay competitive.&quot;<br/><br/>Not surprisingly, social CRM innovations were highlighted for their ability to extract and compile detailed customer data and provide avenues for instant interaction. Mobile CRM solutions are also becoming an increasingly popular means of building connections with clients and fostering long-term loyalty.<br/><br/>Starbucks, for example, is one of many companies benefiting from customer engagement strategies delivered through mobile platforms, according to Baseline Magazine. Less than one year since the debut of its mobile payment application, the coffee company has now processed more than 26 million mobile transactions. Aside from added convenience for the customer, the company has launched a well-received loyalty program consisting of random and earned rewards.]]></content:encoded></item>		<item><title>Research Ties Customer Experience to Business Success</title><link>http://www.teletech.com/news/customer-management/research-ties-customer-experience-to-business-success-800671488</link><pubDate>2011-12-27T00:00:00</pubDate><content:encoded><![CDATA[ Designing and providing a consistently positive customer experience is no longer an auxiliary strategy, according to market analysts from ClearAction, as companies continue to derive concrete benefits from effective customer relationship management (CRM) systems.<br/><br/>The research firm&#39;s second annual Business-to-Business Customer Experience Management Benchmarking Study has identified several best practices in client interaction. Incorporating CRM into central business strategies, funding and executing cross-organizational collaborations, and calculating and presenting customer lifetime value indicators were each highlighted for their direct correlations to successful company-to-client interactions.<br/><br/>&quot;These findings may be instrumental to the future of customer experience,&quot; noted ClearAction president Lynn Hunsaker. &quot;The majority of companies have not yet implemented the [aforementioned] practices in their journey toward customer experience excellence.&quot;<br/><br/>For those forward-thinking firms that have optimized their CRM strategies, the benefits have been immense.<br/><br/>According to the report, one chemical company attributed its 200 percent profit growth seen in the past four years to a renewed focus on customer engagement, while a telecommunications company has seen its revenue jump 20 percent in the last year alone.]]></content:encoded></item>		<item><title>Unifying Customer Data Via CRM</title><link>http://www.teletech.com/news/customer-management/unifying-customer-data-via-crm-800669783</link><pubDate>2011-12-23T00:00:00</pubDate><content:encoded><![CDATA[ The ability to capture and analyze data is becoming a crucial component of delivering a quality customer experience. To keep pace with the digital innovations and competitor movement, a number of companies in the insurance sector are exploring advanced customer relationship management (CRM) tools.<br/><br/>The goal of many organizations is the ability to create a &quot;single customer view,&quot; according to Insurance &amp; Technology. Tracking and accessing all relevant data across channels is not only important for employee productivity, it has now become crucial for satisfying the expectations of the modern policy holder.<br/><br/>Unfortunately, many firms are finding it difficult to maintain their databases across channels and across departments, according to the news outlet. To break down the final few barriers standing in their way, it may be time to authorize an investment in state-of-the-art <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> solutions.<br/><br/>Although spending is under increased scrutiny in all departments, the advanced technology could pay company-wide dividends. In fact, recent analysis from Nucleus Research has suggested that the average return on CRM spending is $5.60 for every dollar invested.]]></content:encoded></item>		<item><title>Market Research Highlights Big Year for CRM</title><link>http://www.teletech.com/news/customer-management/market-research-highlights-big-year-for-crm-800670117</link><pubDate>2011-12-23T00:00:00</pubDate><content:encoded><![CDATA[ According to a comprehensive study conducted by IDC, 2011 was a very successful year for the global customer relationship management (CRM) application market, with growth in several segments.<br/><br/>As companies around the world became more familiar with the versatility of the technology, many have expanded CRM functionality into new departments this year. As a result, the functional markets associated with sales and marketing are each expected to&nbsp; achieve double-digit year-over-year growth, according to the survey.<br/><br/>&quot;The CRM applications market experiences growth in an organic relationship with broader market conditions and organizational performance,&quot; noted IDC program vice president Mary Wardley. &quot;Movements such as social and mobile are bring consumer-like experience requirements to all aspects of end customer engagement with the companies with whom they conduct business.&quot;<br/><br/>Industry success has also been driven by traditional applications of the technology. The customer service functional market experienced double-digit growth and contact centers recovered from a modest decline in revenues in 2010.<br/><br/>As a result of these market trends, IDC analysts have predicted that CRM applications will generate $18.2 billion in global revenues by then end of the year, representing 11 percent annual growth.]]></content:encoded></item>		<item><title>2012 Outsourcing Will Broaden Supply and Increase Security Demands</title><link>http://www.teletech.com/news/enterprise-management/2012-outsourcing-will-broaden-supply-and-increase-security-demands-800669272</link><pubDate>2011-12-23T00:00:00</pubDate><content:encoded><![CDATA[ With less than two weeks left in the calendar year, a number of market analysts are preparing themselves and their organizations for 2012. While predictions vary, there are a few key outsourcing trends that <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> professionals may want to consider.<br/><br/>For example, CIO magazine foresees a slowdown in business decisions - not merely for IT outsourcing, but other industries as well. Analysts point to mounting fiscal crises in Europe and an uncertain political situation in the U.S.<br/><br/>&quot;Threat of recession will hold back one-in-four buyers from signing contracts until current economic uncertainty lifts,&quot; Phil Fersht, founder of outsourcing analyst firm HfS Research, told the magazine. &quot;And a rocky economy isn&#39;t helping drive definitive behavior, with three-quarters buyers expecting either little change in focus when it comes to outsourcing.&quot;<br/><br/>The source also projects a broadening of the traditional outsourcing landscape, meaning stronger development from emerging players such as Brazil, Malaysia, Mexico, Romania, and Bulgaria.<br/><br/>As the industry expands, the need for IT security will pick up. Whether through proactive realization or a massive breach, organizations will move to tighten their security procedures.]]></content:encoded></item>		<item><title>Global Outsourcing Industry to Note Major Changes in 2012</title><link>http://www.teletech.com/news/enterprise-management/global-outsourcing-industry-to-note-major-changes-in-2012-800670258</link><pubDate>2011-12-23T00:00:00</pubDate><content:encoded><![CDATA[ The global outsourcing market is expected to undergo a number of changes next year, as <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> markets in Brazil, Russia, India, and China (BRIC) continue to develop. According to a report released Friday by the International Association of Outsourcing Professionals, 2012 will bring new business delivery models, destinations, and technologies to the global outsourcing sector.<br/><br/>&quot;While the uncertain economy and the elections will impact the industry, the winners will be: locations in the U.S. and near shore as well as BRIC countries, collaborative delivery models, and companies using converging technologies and corporate social responsibility,&quot; the IAOP report explains.<br/><br/>The report also projects that high unemployment, particularly in the U.S., will drive many firms to hold their operations at home. This may lead to a surge in rural or domestic sourcing.<br/><br/>The IAOP also expects to see an increase in the use of models where customers and service providers work together to develop performance-based partnerships. Customer demand will encourage firms to place outsourcing and client services at the forefront of processes and strategic opportunity.<br/><br/>Other emerging markets such as the Philippines, Mexico and several African nations will also drive activity in the sector.]]></content:encoded></item>		<item><title>Integrating Businesses Through Social CRM</title><link>http://www.teletech.com/news/customer-management/integrating-businesses-through-social-crm-800668735</link><pubDate>2011-12-22T00:00:00</pubDate><content:encoded><![CDATA[ Social media has rapidly evolved from an entertaining diversion to a business essential. To ensure their organizations are getting the most out of the platform, IT managers may be wise to implement a social customer relationship management (CRM) system.<br/><br/>Business managers are discovering new opportunities on social media platforms every day, but a carefully crafted strategy could be the difference between having an influence and merely having a presence. Most importantly, companies need to include all departments with one, cohesive vision.<br/><br/>&quot;Social media doesn&#39;t (or shouldn&#39;t) belong to someone or just one team unless they&#39;re the only people who care about the customer,&quot; MyCustomer contributor Danyl Bosomworth wrote in his latest column.<br/><br/><a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a> strategies can allow customer service teams to bring their colleagues into the fold, and in many cases, the collaboration generates new and improved strategic insight.<br/><br/>For example, companies are learning that Facebook is no longer just the domain of marketing staff. Instead, a growing number of firms are using the platform the deliver fast and effective customer service that solves problems and wins loyalty.]]></content:encoded></item>		<item><title>Customer Experience Fundamentals Transcend Industry</title><link>http://www.teletech.com/news/customer-management/customer-experience-fundamentals-transcend-industry-800668736</link><pubDate>2011-12-22T00:00:00</pubDate><content:encoded><![CDATA[ Although some industries have built an unfortunate reputation for poor service records, many of the best strategies for improving customer experience remain the same regardless of the company&#39;s line of the work.<br/><br/>The inherently time-consuming and stressful nature of purchasing insurance only amplifies the effects of lackluster customer service, and the industry has consistently suffered from low satisfaction ratings. According to a Business2Community survey, customer engagement within the insurance sector was rated 9 percentage points below the average across industries.<br/><br/>To reverse this trend, Business2Community&#39;s Janessa Lantz recommended taking a more customer-centric approach and focusing on fundamentals as opposed to abstract innovations. In her opinion, authenticity, consistency, trust, and effort are still the defining factors in a positive customer experience.<br/><br/>CMSWire contributor Richard Shapiro echoed these sentiments, calling for a back-to-basics approach to customer service in his 2012 wish list. He encouraged companies to reevaluate how they are training and managing their front line staff.<br/><br/>&quot;Associates who are effective in engaging consumers, generating repeat business, and providing personalized service should be compensate as professionals,&quot; Shapiro wrote. &quot;Businesses should understand their greatest opportunity for growth is by developing personal connections with their consumers.&quot;]]></content:encoded></item>		<item><title>Egypt Forges Ahead in Middle East IT/Outsourcing Sector</title><link>http://www.teletech.com/news/enterprise-management/egypt-forges-ahead-in-middle-east-it-outsourcing-sector-800668281</link><pubDate>2011-12-22T00:00:00</pubDate><content:encoded><![CDATA[ The Middle East has begun to show strong potential in the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector, as call centers throughout the region continue to pop up and offer new sources of employment.<br/><br/>Earlier this year, officials convened in Dubai, United Arab Emirates, for the Middle East Call Center 2011 Conference and Exhibition. The event served to recognize and promote customer service solutions, practices, and advocacy on a global and local level.<br/><br/>In Egypt, this trend appears to be taking hold. The Egyptian Information Technology Industry Development Agency reported this week that the country&#39;s IT outsourcing industry has achieved its 2011 goal of reaching $1.1 billion in IT export revenue. The country now has its sights set on $20 billion in IT outsourcing revenue by 2020.<br/><br/>This year&#39;s figures were driven by a 12 percent surge in the number of IT companies in Egypt, as well as a 10 percent hike in the number of people employed by the sector.<br/><br/>&quot;There have been a number of fantastic ICT success stories as Egypt continues to mark its appeal to global companies with 17 new investments by multinational companies in the past two years and a number of substantial deals taking place in the last 12 months,&quot; said ITIDA CEO Yasser ElKady.]]></content:encoded></item>		<item><title>Researchers Weigh the Prospects of Cloud Technology in the Global BPO Market</title><link>http://www.teletech.com/news/contact-center-technology/researchers-weigh-the-prospects-of-cloud-technology-in-the-global-bpo-market-800667189</link><pubDate>2011-12-21T00:00:00</pubDate><content:encoded><![CDATA[ Technology will continue to drive innovation and growth within the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> industry. While tech-focused horizontals such as IT and customer service firms make up the bulk of worldwide outsourcing services, a shift may arise as providers begin to incorporate cloud technology into their offerings.<br/><br/>Of course, debate remains regarding the relative security of cloud services, especially within a global, multi-tiered outsourcing context. But experts at research firm HfS, a leader in <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sector analysis, agree that cloud technology will help to not only expand BPO offerings abroad, but also modify the way business processes are handled.<br/><br/>&quot;The arguments over whether the cloud is safe and secure have given way to discussions around how cloud technologies can be leveraged to not only &#39;lift and shift&#39; cost, often overseas to India, but how the cloud can be used to transform business processes,&quot; writes Dennis Howlett for ZDNet.<br/><br/>Phil Fersht, CEO of HfS Research, told the source that he believes early adopters of cloud-based outsourcing will come from mid-range companies over the next few years, as larger companies weigh their options.]]></content:encoded></item>		<item><title>Managing Call Fluctuations With Hosted Technology</title><link>http://www.teletech.com/news/contact-center-technology/managing-call-fluctuations-with-hosted-technology-800667955</link><pubDate>2011-12-21T00:00:00</pubDate><content:encoded><![CDATA[ With customer service teams experiencing a range of different call volumes throughout the year, many companies find it wise to employ <a href="http://www.teletech.com/solutions/hosted-technology">hosted technology</a> solutions to effectively and efficiently meet demand.<br/><br/>One of the biggest challenges associated with managing a contact center is predicting and then handling the variability in call volumes. High demand during the holiday season can stretch operations beyond their limits whereas low volume times can cause overstaffing issues.<br/><br/>According to Telecom Reseller contributor Bob Webb, inaccurate forecasting can have serious financial consequences. By his estimation, &quot;staffing operational costs account for 70 to 80 percent of your budget, and can be severely impacted by under- and overstaffing.&quot; The consequences are even worse when lost revenues from dropped sales opportunities are factored into the equation.<br/><br/>Instead of struggling to manage the uncertainty of contact center operations in house, experts suggest that hosted technology may solve several problems.<br/><br/>A company&#39;s primary concern in customer service is allocating the appropriate ratio of calling customers to available agents. In a hosted contact center solution, operations can be instantly scaled up or down to ensure customers remain satisfied and companies are only paying for the staff they need at that time.]]></content:encoded></item>		<item><title>Generating Customer Loyalty Through CRM</title><link>http://www.teletech.com/news/customer-management/generating-customer-loyalty-through-crm-800667046</link><pubDate>2011-12-20T00:00:00</pubDate><content:encoded><![CDATA[ With challenging economic conditions casting a shadow over the international business community, executives are being particularly cautious with their investment decisions. However, companies bold enough to authorize spending on advanced customer relationship management (CRM) systems are realizing that the technology can pay huge dividends in terms of customer loyalty.<br/><br/>Retaining current clients has taken on added significance in the post-recession economy. But instead of taking a short-term approach to customer loyalty that weathers the storm, now may be the time to make aggressive moves that target a customer&#39;s lifetime value.<br/><br/>According to Daily Deal Media, a number of marketers are launching initiatives that offer &quot;a high value product to acquire a customer at a cost to the company&quot; and then recovering the costs through repeated sales in years to come. However, instead of providing a product, it may be wiser to focus on delivering a valuable customer experience.<br/><br/>Implementing an advanced CRM systems may require capital investment, but optimizing customer service is a much more scalable and affordable solution than manufacturing goods. When properly managed and utilized, the technology can provide companies with crucial insight into customer expectations that will not only improve current relations, but possibly win valuable support moving forward.]]></content:encoded></item>		<item><title>Everest: Procurement Outsourcing to Grow by 20 Percent Next Year</title><link>http://www.teletech.com/news/enterprise-management/everest-procurement-outsourcing-to-grow-by-20-percent-next-year-800666218</link><pubDate>2011-12-20T00:00:00</pubDate><content:encoded><![CDATA[ IT and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> transactions are expected to skyrocket in coming years, as businesses move to optimize their processes and boost bottom lines. New research suggests procurement outsourcing will also show strong growth in 2012.<br/><br/>As evidenced by a number of supply chain disruptions stemming from natural disasters in Japan, Thailand and elsewhere, organizations are beginning to modify their procurement strategies to meet changing market demands. Outsourced supply management is one way executives are achieving this end.<br/><br/>A report released this week by Everest Group found procurement outsourcing deals are expected to grow by 20 percent in 2012 and expand into other areas such as order fulfilment, inventory management, and logistics.<br/><br/>&quot;Contract sizes will also rise, with chief financial officers increasingly driving discussions on procurement outsourcing,&quot; reports Angeline Albert for Supply Management. &quot;This will lead to more outsourcing deals that bundle finance and accounting together with purchasing.&quot;<br/><br/>The report added that governments will drive much of the growth in&nbsp; demand for procurement outsourcing services in 2012. Additionally, direct spend categories, such as maintenance and repair, are projected to become part of overall procurement outsourcing deals.]]></content:encoded></item>		<item><title>Realizing the Need for VoIP</title><link>http://www.teletech.com/news/contact-center-technology/realizing-the-need-for-voip-800666101</link><pubDate>2011-12-19T00:00:00</pubDate><content:encoded><![CDATA[ Voice over internet protocol (VoIP) may not be the correct fit for every organization, but its becoming apparent to a number of firms that the advanced technology can offer a host of operational benefits.<br/><br/>The business case for VoIP is particularly strong for large enterprises hoping to streamline internal and customer-facing communications. According to a recent Worcester Business Journal report, having different phone systems in each office or department can result in higher maintenance and management costs. In many cases, VoIP solutions have also matured to offer comparable or even improved call quality over traditional systems.<br/><br/>VoIP could also be an important step toward a unified communications strategy.<br/><br/>&quot;Having all communication over one network is more efficient and eliminates duplication of wiring and switching equipment,&quot; the report explained. &quot;By combining voice and data, you can also allocated bandwidth based on varying traffic requirements, which can improve productivity and lower costs.&quot;<br/><br/>For companies sold on the advantages of VoIP, the only remaining question is whether to deploy equipment on premise or opt for <a href="http://www.teletech.com/solutions/hosted-technology">hosted technology</a> solutions instead. According to Business Solutions, hosted VoIP can eliminate the majority of capital expenses, and an increasingly competitive marketplace is forcing vendors to offer additional benefits to ensure long-term value.]]></content:encoded></item>		<item><title>Moody's: Philippines Economy to Grow by 5 Percent in 2012 on BPO Investment</title><link>http://www.teletech.com/news/enterprise-management/moody-s-philippines-economy-to-grow-by-5-percent-in-2012-on-bpo-investment-800665275</link><pubDate>2011-12-19T00:00:00</pubDate><content:encoded><![CDATA[ Moody&#39;s Investors Service scaled up its growth projection for the Filipino economy this week, citing the country&#39;s burgeoning <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector as key to its continued market development.<br/><br/>Specifically, the New York-based rating firms projected the Philippines economy to grow by 5 percent next year, compared to the 4.5 percent gains anticipated this year.<br/><br/>&quot;We expect remittances from overseas workers and exports of services, such as those by back office business processing industry, to maintain their solid levels of growth,&quot; Moody&#39;s said in a report. &quot;Overall, foreign income inflows will drive domestic demand and maintain the Philippines&#39; strong external balance in the coming 12-18 months.&quot;<br/><br/><a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> investments account for roughly 30 percent of the country&#39;s total export earnings, including both goods and services.<br/><br/>World Bank consultant Raja Mitra recently projected that the Philippines BPO sector stands to produce $50 billion in revenues by the end of the decade. That figure would mark 11 percent of the country&#39;s total GDP. Other BPO markets in Asia, particularly China and India, have shown similar growth trends in recent years.]]></content:encoded></item>		<item><title>Delivering an Exceptional Customer Experience in 2012</title><link>http://www.teletech.com/news/customer-management/delivering-an-exceptional-customer-experience-in-2012-800665123</link><pubDate>2011-12-16T00:00:00</pubDate><content:encoded><![CDATA[ Customer expectations have evolved in several key areas in recent months, and companies failing to address these trends may have difficulty retaining the loyalty of current clients.<br/><br/>One of the most important concepts to consider in the coming year is the ability to deliver a seamlessly integrated customer experience, which will require the construction of a unified message that is displayed throughout all business-to-customer interactions.<br/><br/>&quot;The idea of &#39;social media&#39; is going away,&quot; noted content management expert Jeroen Verberg in his latest CMSWire report. &quot;As social networks merge into our content, we will stop looking at them as separate things, and instead as one, integrated platform.&quot;<br/><br/>To harness the power of this trend, companies may be wise to employ a social customer relationship management (CRM) solution that assures full visibility over multichannel customer experiences.<br/><br/>Aside from ensuring the delivery of well-aligned content, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> also allows companies to capture and analyze customer feedback coming across multiple platforms.<br/><br/>This practice is already becoming commonplace in a number of customer service departments, as staff are specifically dedicated to social media monitoring. With customers expecting - and often demanding - instant responses, contact center agents can no longer afford to let inquiries fall through the cracks between channels.]]></content:encoded></item>		<item><title>Cost Is Not Everything When It Comes To IT Outsourcing</title><link>http://www.teletech.com/news/enterprise-management/cost-is-not-everything-when-it-comes-to-it-outsourcing-800664259</link><pubDate>2011-12-16T00:00:00</pubDate><content:encoded><![CDATA[ &nbsp;<br/><br/>In an uncertain economic environment, managers place added stress on cost management and time-to-market demands. This is because strapped budgets rule out room for error or financial inefficiencies.<br/><br/>For this reason it is not surprise that the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector has expanded so rapidly in recent years. Information technology hosting, in particular, has been embraced by a wide range of companies as a sensible decision that can positively impact one&#39;s bottom line.<br/><br/>Lately, market conditions have shown an increase in requests for outsourced infrastructure projects, according to CRN. However, because of heightened market frugality, a considerable proportion of companies are selecting outsourcing services based on little more than cost.<br/><br/>While finances are always important decisions, the quality of service, especially in high-tech fields such as IT, should trump expense. Furthermore, firms should employ a system of metrics to gauge the success of newly outsourced processes.<br/><br/>&quot;Do you apply objective performance criteria or conduct periodic client reviews during the project to see that personnel are performing effectively?&quot; asks Jim Illson for CRN. &quot;These metrics should be highly visible to the client. The reseller should have a direct line of feedback to support and verify an employee&rsquo;s performance.&quot;]]></content:encoded></item>		<item><title>Customer Loyalty Begins With Trust</title><link>http://www.teletech.com/news/customer-management/customer-loyalty-begins-with-trust-800663567</link><pubDate>2011-12-15T00:00:00</pubDate><content:encoded><![CDATA[ The rise of social media and mobile devices has had a significant effect on customer relationship management (CRM) strategies in recent years. But despite the immense benefits of these technologies, companies cannot allow themselves to become distracted and forget that trust is still a central factor in customer loyalty.<br/><br/>According to marketing association Loyalty 360, social media feedback will be particularly important to companies in 2012. Mobile coupons and location-based promotions will also reach mainstream acceptance next year.<br/><br/>To capture and take advantage of this wealth of unstructured data, savvy marketing teams are expected to leverage the power of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> to provide consumers with relevant offers and exceptional service, according to Loyalty 360. However, with this information comes great responsibility, and companies hoping to retain customer loyalty will have to ensure all data is protected and used responsibly.<br/><br/>Just last week, mobile analytics provider Carrier IQ was launched into the middle of an international controversy when it was discovered that smartphone manufacturers and wireless carriers may be abusing the company&#39;s software to track sensitive customer data. As a result, Carrier IQ has already been hit with three class-action lawsuits from smartphone owners and the company is now scrambling to clear its name and restore its reputation.]]></content:encoded></item>		<item><title>Research Links Online Engagement to Purchasing Decisions</title><link>http://www.teletech.com/news/customer-management/research-links-online-engagement-to-purchasing-decisions-800663555</link><pubDate>2011-12-15T00:00:00</pubDate><content:encoded><![CDATA[ Although social media is often thought to be the domain of a younger generation, emerging research suggests that companies tying the technology into their customer relationship management (CRM) systems are reaching audiences across demographics and driving sales.<br/><br/>A recent survey of 700 mothers funded by ModernMom.com specifically investigated the relationship between social media marketing and retail purchasing habits. According to the research, the technology is fundamentally changing customers&#39; in-store experiences. Nearly two-thirds of survey respondents indicated that blogger reviews influence their purchasing decisions, while an additional 84 percent cited Facebook as a primary avenue for brand engagement.<br/><br/>&quot;The study results show the extent to which social media is changing moms&#39; expectations of brands and even retail purchasing behaviors,&quot; explained research coordinator Liz Hawks.<br/><br/>To take control of their online presence - and take advantage of the insight provided by customers in digital environments - <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> may be a uniquely valuable strategy. Marketing teams can use the technology to aggregate customer feedback and highlight potential areas in need of service improvement. Once trends are identified, companies can leverage the technology to deliver relevant and influential messages across a range of platforms.]]></content:encoded></item>		<item><title>A Few IT Outsourcing Trends from 2011</title><link>http://www.teletech.com/news/enterprise-management/a-few-it-outsourcing-trends-from-2011-800663152</link><pubDate>2011-12-15T00:00:00</pubDate><content:encoded><![CDATA[ &nbsp;<br/><br/>The IT outsourcing market is an increasingly complex one. While new IT-<a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sectors continue to pop up in Asia, Africa and South America, it&#39;s largely balanced by a surge in demand for other industry horizontals, such as human resources, accounting, and customer service.<br/><br/>With so much changing, it&#39;s important to take a look back on the year that was, while also culling predictions for 2012. CIO magazine recently assessed how 2011 projections fared through this tumultuous year.<br/><br/>David Rutchik, partner with outsourcing consulting firm Pace Harmon, told the source that, &quot;with constant budget pressures and CEOs and CFOs pushing to do more with less, many IT leaders are renegotiating their deals mid-term in an effort to generate incremental savings.&quot;<br/><br/>Stan LePeak, a director of research at KPMG, points out that much of these potential gains have already been achieved.<br/><br/>CIO also pointed out how outsourcing providers have held firm on prices instead of conceding to price reduction demands. In the few cases where providers did cave to renegotiation they were balanced by longer contracting agreements.]]></content:encoded></item>		<item><title>Managing the Customer Experience Via Twitter</title><link>http://www.teletech.com/news/customer-management/managing-the-customer-experience-via-twitter-800662603</link><pubDate>2011-12-14T00:00:00</pubDate><content:encoded><![CDATA[ For companies that still dismiss the importance of social media in customer relationship management (CRM) systems, it may be wise to take a look at how some of the nation&#39;s most recognizable brands are using Twitter to craft a rewarding customer experience.<br/><br/>According to the Wall Street Journal, Southwest Airlines is leveraging the social network to distinguish itself from the competition in an industry often characterized by disappointing customer service. Now that the company has achieved a certain level of expertise with the technology, brand managers are using Twitter to highlight the airline&#39;s casual, customer-friendly culture with amusing posts and alleviate travelers&#39; anxieties with updates on flight delays.<br/><br/>Best Buy and Whole Foods, meanwhile, often use Twitter to respond to individual customer complaints or start a conversation to get customer feedback on a new campaign, according to the Journal. Utilizing the wealth of information in their <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> systems, customer service agents can do everything from tracing an expired carton of milk back to its distributor to recommending a product based on a customer&#39;s purchasing history.<br/><br/>Twitter&#39;s versatility can be a valuable asset to any social CRM system, but companies must be keenly aware of new updates to the platform. For example, Twitter recently launched &quot;brand pages&quot; as part of a redesigned strategy to strengthen relations with advertisers.]]></content:encoded></item>		<item><title>Variety of Service Channels Underscores Importance of Customer Experience Management</title><link>http://www.teletech.com/news/customer-management/variety-of-service-channels-underscores-importance-of-customer-experience-management-800662165</link><pubDate>2011-12-14T00:00:00</pubDate><content:encoded><![CDATA[ While demand in the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> industry is beginning to trend toward new business horizontals such as human resources, accounting, and information technology, customer service is still at the heart of the market&#39;s rapid growth in recent years.<br/><br/>More importantly, the advent of video chat, email, text messaging, social media, self-service sites, and other channels have broadened the service capacity of call centers. In fact, the demand for multichannel services is expanding. Of course, this trend runs with a host of challenges, the most important of which is managing a call center environment that uphold customer experience throughout the service network.<br/><br/>&quot;Although the contact center is still the preferred touch point for customer service, consumers increasingly are using alternative channels for customer care,&quot; writes Anna Papachristos for 1to1 Media. &quot;Consequently, it has become imperative for companies to excel at managing customer experience across all available channels.&quot;<br/><br/>Organizations also need to develop a customer service strategy that includes monitoring of social media, Papachristos adds. This will help determine critical trends and provide for more informed decision-making about problems and preferred channels for engagement.]]></content:encoded></item>		<item><title>Voice Analysis Innovation Could Benefit Contact Center</title><link>http://www.teletech.com/news/contact-center-technology/voice-analysis-innovation-could-benefit-contact-center-800662607</link><pubDate>2011-12-14T00:00:00</pubDate><content:encoded><![CDATA[ Scientists from a variety of fields are making breakthroughs with voice analysis technologies that may be of interest to hosted contact center managers looking to improve the effectiveness of their interactive voice response (IVR) systems.<br/><br/>One of the most recent innovations in voice analytics has been the lie detection mechanisms created by Columbia University computer science professor Julia Hirschberg. According to the New York Times, Hirschberg has discovered a way to teach computers how to recognize deceptions when parsing human speech patterns.<br/><br/>&quot;The scientific goal is to understand how our emotions are reflected in our speech,&quot; one colleague to the Times. &quot;The engineering goal is to build better systems that understand these emotions.&quot;<br/><br/>A series of complex algorithms has allowed machines to detect everything from anger to flirtation in early test trials, according to the news outlet. Once refined, this technology could be especially valuable to contact center agents, as it could alert them to a particularly irate customer in the call queue.<br/><br/>According to Customer Think, speech analytics features should already be on the shopping lists of contact managers planning for 2012. By instantly and reliably detecting customer emotions, agents can be better prepared to deliver fast and effective service.]]></content:encoded></item>		<item><title>Evolving Customer Engagement to Online Platforms</title><link>http://www.teletech.com/news/customer-management/evolving-customer-engagement-to-online-platforms-800661935</link><pubDate>2011-12-13T00:00:00</pubDate><content:encoded><![CDATA[ With online communication platforms hosting a growing portion of business-to-consumer interactions, it is becoming increasingly important for companies to ensure their customer engagement strategies are designed to succeed in digital environments.<br/><br/>The most important concept in customer engagement - digital or otherwise - is a company&#39;s ability to communicate that it values its customers. According to Business2Community, when customers believe a company will go above and beyond their expectations, they are much more likely to demonstrate long-term brand loyalty. Fostering mutual trust through positive interactions can also help companies reach their goals.<br/><br/>Another key component of customer engagement is efficiency. The rise of mobile devices and social media has fundamentally altered consumer expectations, forcing companies to resolve customer inquiries quickly or risk losing their business, according to the news source.<br/><br/>To manage these complementary but competing priorities, it may be wise to incorporate social media features into current customer relationship management (CRM) systems. <a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a> technology allows businesses to communicate with consumers at a deeper level. By analyzing interactions and monitoring trends, companies can gain insight on what the customer really wants and deliver solutions instantly through a variety of online channels.&nbsp;]]></content:encoded></item>		<item><title>Wells Fargo Continues Innovation With CRM</title><link>http://www.teletech.com/news/customer-management/wells-fargo-continues-innovation-with-crm-800661035</link><pubDate>2011-12-12T00:00:00</pubDate><content:encoded><![CDATA[ Wells Fargo has often been an early adopter of innovative technologies, according to American Banker, and the financial services firm will soon expand upon its reputation by integrating its customer relationship management (CRM) systems with ATMs around the country.<br/><br/>In a recent interview with the news outlet, Wells Fargo ATM chief Alicia Moore suggested that cross-channel integration was the key objective behind tying ATMs to CRM systems.<br/><br/>&quot;For one, we can provide relevant messaging via the ATM about [the customer&#39;s] current banking relationship, and the various ways in which we can serve consumers by offering new products or services that are tailored specifically to the user&#39;s relationship,&quot; Moore told reporters. &quot;We are using this information to make the overall ATM usage experience easier for users.&quot;<br/><br/>Financial services firms are realizing that providing a positive and consistent customer experience across all channels may be one way to improve loyalty. According to Destination CRM, capturing data, deriving insight, and delivering solutions over multiple platforms is the gold standard for effective customer service. For companies hoping to achieve this objective with consistency and efficiency, the automation and simplicity of CRM systems may soon become a business essential.]]></content:encoded></item>		<item><title>Organizational Culture May Enhance Social CRM Success</title><link>http://www.teletech.com/news/customer-management/organizational-culture-may-enhance-social-crm-success-800659971</link><pubDate>2011-12-09T00:00:00</pubDate><content:encoded><![CDATA[ The integration of social media in customer relationship management (CRM) systems has placed incredible potential at the fingertips of contact center agents. However, organizational culture may be a key determinant of success with the advanced technologies.<br/><br/>&quot;When you purchase <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> software, you expect the benefits promised by the sales literature,&quot; explained industry expert Patrick Dorsey in his latest Destination CRM report. &quot;However, unless your company makes the cultural and operational shifts to become a truly social organization, you&#39;ll have lots of new data but won&#39;t see a lasting return on your investment.&quot;<br/><br/>According to Dorsey, companies must understand that social CRM launches them into an ecosystem where they are on equal footing with customers, prospects, and potential revenue partners. Traditional marketing and sales pitches are no longer effective as social platform users expect authentic, two-way communication instead.<br/><br/>On this new ecosystem, listening may be more valuable to a company than broadcasting its message or brand, according to Customer Think. Giving a voice to customers and prospects may not only win their approval, but also help managers build business strategies from a new perspective.<br/><br/>These changes do not happen overnight, and employee resistance is common in response to transformations in organizational culture. However, creating a sense of urgency and setting a series of short-term goals may help managers overcome obstacles, according to Dorsey.]]></content:encoded></item>		<item><title>Social CRM as a Marketing Strategy</title><link>http://www.teletech.com/news/customer-management/social-crm-as-a-marketing-strategy-800658095</link><pubDate>2011-12-08T00:00:00</pubDate><content:encoded><![CDATA[ Although the majority of companies now realize the importance of integrating social media features into customer relationship management (CRM) systems, some forward-thinking companies are taking the technology a step further and using it to converge customer service and marketing strategies.<br/><br/>At the intersection of these two business departments, a hotly debated concept known as customer experience has emerged. Many experts believe this summation of all business-to-customer interaction may have a large part to play in both initial purchasing decisions and long-term loyalty. According to Enterprise Irregulars contributor Michael Fauscette, providing a consistent experience across all engagement levels - from contact centers to Twitter accounts - is emerging as a crucial requirement of successful marketing campaigns.<br/><br/>&quot;Good customer experiences are your best marketing today in the world of the social customer,&quot; Fauscette noted in his latest report. &quot;Word of mouth was always an effective marketing strategy, but with the social web it takes on new meaning and new power.&quot;<br/><br/>To gain clear perspective on a potentially overwhelming volume of social media interactions, a number of marketing directors are looking to the <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> systems employed by colleagues in the customer service department. According to 1to1Media, the technology allows companies to gather valuable insight on customer expectations and tailor their customer engagement strategies accordingly.&nbsp;]]></content:encoded></item>		<item><title>Revitalizing the Contact Center With Gamification</title><link>http://www.teletech.com/news/customer-management/revitalizing-the-contact-center-with-gamification-800659056</link><pubDate>2011-12-08T00:00:00</pubDate><content:encoded><![CDATA[ Gamification has emerged as a popular new managerial tactic in a variety of industries. Although the strategy has the potential to go awry if not carefully deployed, contact centers may be uniquely suited to its application.<br/><br/>At its core, gamification is a means of fostering increased engagement in the workplace through healthy competition. But, as Forbes columnist Ray Wang explained, the casual nature of the term may be distracting managers from the serious advantages it can present.<br/><br/>Citing recent analysis from Constellation Research, Wang explained that incentives, reputation, and measurable action were viewed as the core pillars of gamification by early adopters. By creating &quot;triggers&quot; through monetary and non-monetary rewards, managers can gain sustained engagement from their employees, foster increased internal collaboration, and establish a more positive organizational culture.<br/><br/>According to Inc Magazine, gamification can also be applied to customer-facing campaigns to drive increased loyalty. For contact centers looking to reap the rewards of these tactics, it may begin by incorporating social media into customer relationship management (CRM) systems.<br/><br/>As gamification expert Zach Sims explained to Inc, building a model that is inherently social allows for greater visibility for the company and ease of use for customers. However, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> tools represent the complementary side of the equation, allowing businesses to understand and utilize the wealth of data created on the platform.]]></content:encoded></item>		<item><title>Companies Should Consider Outsourcing Their IT Functions</title><link>http://www.teletech.com/news/contact-center-technology/companies-should-consider-outsourcing-their-it-functions-800659326</link><pubDate>2011-12-08T00:00:00</pubDate><content:encoded><![CDATA[ Information technology is an increasingly important business consideration. While IT experts are now commonplace among staff payrolls, a number of organizations are beginning to outsource their IT work, a trend that is particularly attractive to cost-wary small businesses.<br/><br/>Essentially, IT is about proper implementation. A report released this week by staffing firm TEKsystems reveals that 96 percent of IT leaders agree that the success of any initiative depends on how IT professionals implement it. What&#39;s more, 94 percent claim people-based issues such as talent recruiting, development, and retention can derail the success of an IT project.<br/><br/>&quot;With 46 percent of respondents indicating that the most significant contributor to underperforming IT departments is the lack of team bandwidth to accomplish necessary objectives, it&#39;s clear to us that many IT leaders just don&#39;t have the time to really design, build, and run an ideal workforce management plan,&quot; said TEKsystems director Rachel Russell.<br/><br/>For this reason, many enterprises are opting to bypass the necessary develop procedures and outsource their IT functions. Accordingly, IT has become the largest segment within the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector.]]></content:encoded></item>		<item><title>Everest: China BPO Sector Tripled in Size Between 2007 and 2010</title><link>http://www.teletech.com/news/enterprise-management/everest-china-bpo-sector-tripled-in-size-between-2007-and-2010-800658204</link><pubDate>2011-12-08T00:00:00</pubDate><content:encoded><![CDATA[ Much of China&#39;s economic rise over the past decade can be attributed to the opening of its markets, surge in manufacturing supply, and the development of a considerable middle class. However, the nation&#39;s skyrocketing economy has helped to prop up other industries as well, including its business process outsourcing.<br/><br/>A report released this week by Everest Group shows China&#39;s <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sector has nearly tripled in recent years, expanding from $1.2 billion in 2007 to $3.5 billion in 2010. Sixty-five percent of that total is in IT outsourcing services, placing the nation on par with other outsourcing hubs such as India and the Philippines.<br/><br/>However, unlike those two countries, China does not have a substantial English-speaking population, which thereby strips the nation of a strong contracting incentive.<br/><br/>&quot;Except for modest risk diversification beyond India and the Philippines, China does not offer a clear advantage,&quot; the Everest report points out.<br/><br/>Still, China&#39;s burgeoning middle class and mounting educational opportunities offer potential. The world&#39;s second-largest economy is also leading in producing engineering and management graduates, with 5.8 million individuals having entered the global workforce since last year, according to Supply Chain Digital.]]></content:encoded></item>		<item><title>Moving to a Hosted Contact Center Solution</title><link>http://www.teletech.com/news/contact-center-technology/moving-to-a-hosted-contact-center-solution-800658085</link><pubDate>2011-12-07T00:00:00</pubDate><content:encoded><![CDATA[ With organizations in all sectors looking to take advantage of recent innovations in customer relationship management (CRM) systems, the next point to consider is whether to deploy new technology internally or seek a hosted contact center strategy.<br/><br/>There is now a wealth of data to support a company&#39;s decision to host contact centers offsite, according to Destination CRM. Citing recent research from Frost &amp; Sullivan, the news provider said that utilizing cloud-based services as opposed to installing onsite call center equipment can help companies reduce the cost of contact handling and workforce optimization infrastructure by 43 percent over a five-year period.<br/><br/>In addition to its significant financial value, a hosted contact center strategy will typically offer several operational benefits as well. According to the news source, the cloud enables more efficient call queuing and handling, reducing unnecessary trunking, and delivering more accurate routing. Fast and seamless scalability is also a primary benefit of <a href="http://www.teletech.com/solutions/hosted-technology">hosted technology</a>, and may be especially important during peak service periods, such as the holiday shopping season.<br/><br/>The return on investment for CRM solutions can be immense, yielding an average of $5.60 for every dollar invested according to Nucleus Research. However, by leveraging the efficiency and expertise of a hosted contact solution, returns could be even greater.]]></content:encoded></item>		<item><title>Social CRM Key to Industry Recognition in 2012</title><link>http://www.teletech.com/news/customer-management/social-crm-key-to-industry-recognition-in-2012-800656878</link><pubDate>2011-12-06T00:00:00</pubDate><content:encoded><![CDATA[ Companies hoping to gain contact center certification from organizations such as J.D. Power and Associates or the International <a href="http://www.teletech.com/capabilities/integrated-customer-management">Customer Management</a> Institute (ICMI) will have to evolve their offerings to incorporate social media and other emerging technologies, according to TechTarget associate editor Rosemary Cafasso.<br/><br/>The market for customer relationship management (CRM) systems has undergone extensive changes over the past few years, and the recent revelations from industry certification agencies seem to suggest innovations like <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> and multichannel engagement are here to stay.<br/><br/>Bank of America Merrill Lynch contact center director Kim Kasin is a strong advocate for the inclusion of new competencies in the J.D. Power and Associates assessment framework. In an interview with Cafasso, she revealed that 91 percent of participants in her organization&#39;s retirement and benefits plans now utilize online customer service channels.<br/><br/>The ICMI framework will specifically focus on building the social skills of contact center agents and managers, according to Cafasso, implementing a series of new training and testing modules next year.<br/><br/>Industry accreditation is always a noble goal, but regardless of third-party recognition, versatile and well-integrated contact center technology will be instrumental in providing effective customer service in 2012. According to eConsultancy, inconsistency between online and live-agent channels is frequently cited as a leading source of customer frustration.&nbsp;]]></content:encoded></item>		<item><title>Data Management Seen as Critical in Call Center Industry</title><link>http://www.teletech.com/news/contact-center-technology/data-management-seen-as-critical-in-call-center-industry-800656137</link><pubDate>2011-12-06T00:00:00</pubDate><content:encoded><![CDATA[ The effective use of data in a call center environment is critical for proper service. With the evolution of cloud services, social media, and mobile-enabled <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> services, industry leaders are touting the role of data management in forging market leadership.<br/><br/>However, according to a survey released this week by EMC, only one-third of companies worldwide are able to effectively use new data to assist decision-making and gain a competitive advantage. Only 38 percent of business intelligence experts and data scientists agree that their company uses data to learn more about its customers.<br/><br/>&quot;The Big Data era has arrived in full force, bringing with it an unprecedented opportunity to transform business and the way we work and live,&quot; said Jeremy Burton, chief marketing officer at EMC. &quot;What&#39;s needed to fully realize its value is a vibrant, interconnected, highly-skilled and empowered data science community to reveal relevant trend patterns and uncover new insights hidden within.&quot;<br/><br/>With an emerging skills gap in tech- and knowledge-based economies such as the U.S. and parts of Asia, call centers will face to leverage comprehensive training programs and management software.]]></content:encoded></item>		<item><title>Gauging Social Media Influence With CRM</title><link>http://www.teletech.com/news/customer-management/gauging-social-media-influence-with-crm-800655914</link><pubDate>2011-12-05T00:00:00</pubDate><content:encoded><![CDATA[ By combining the power of social media and customer relationship management (CRM), companies are finding affordable, effective new ways of measuring the progress of online branding efforts and reshaping strategy accordingly.<br/><br/><a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a> systems allow organizations to build deeper and more personal consumer profiles than ever before, according to Destination CRM. Whereas transaction histories and customer satisfaction surveys used to be the primary sources of customer insight, social media is quickly becoming the platform of choice for customers both airing grievances and expressing approval.<br/><br/>By utilizing social CRM, companies can gain perspective on how their brands are viewed by customers and potential clients. A string of poor Yelp reviews or a barren Twitter feed could imply that a change of strategy is in order, whereas a glowing recommendation in a Facebook status could help identify a potential brand advocate.<br/><br/>Another helpful - and increasingly important - metric to incorporate into social CRM is a company&#39;s Klout score. According to All Business, this social scoring tool aggregates related activity from a variety of social media platforms to determine the strength of a company&#39;s online influence. A high Klout rating likely implies social CRM strategy is headed in the right direction, whereas a low rating suggests social media campaigns have been either underutilized or ineffective.]]></content:encoded></item>		<item><title>Finding Success With Call Analytics</title><link>http://www.teletech.com/news/customer-management/finding-success-with-call-analytics-800654893</link><pubDate>2011-12-05T00:00:00</pubDate><content:encoded><![CDATA[ Understanding the thoughts and motivations behind customer interactions continues to be a top priority for businesses across all industries. However, companies deploying advanced call analytics solutions in their contact centers have been particularly successful in satisfying that objective.<br/><br/>One innovative technique emerging in New Zealand&#39;s contact center industry involves the use of a psychological measurement tool known as the Herrmann Brain Dominance Instrument (HBDI). According to TVNZ, the HBDI relies on the underlying concept of &quot;left brain&quot; and &quot;right brain&quot; thought patterns. People with left brain dominance are typically thought to be more creative and artistic, while right brain dominance is often tied to quantitative and analytical skills.<br/><br/>By training contact center agents in the principles of the theory, callers&#39; thinking styles can be quickly determined and customer service efforts can be aligned accordingly. According to TVNZ, one facility was able to reduce duplicate calls by 50 percent by using the HBDI to determine if a customer wanted a numerical or more empathetic response from agents.<br/><br/>As similar strategies and advanced technologies mature, Call Centre Clinic has predicted that capturing the &quot;voice of the customer&quot; will be a dominant focus of customer relationship management (CRM) systems in 2012.]]></content:encoded></item>		<item><title>Social CRM Helps Foster, Leverage Customer Feedback</title><link>http://www.teletech.com/news/customer-management/social-crm-helps-foster-leverage-customer-feedback-800654028</link><pubDate>2011-12-02T00:00:00</pubDate><content:encoded><![CDATA[ By incorporating social media into customer relationship management (CRM) platforms, a number of businesses are realizing that they can drive innovation by including the voice of the customer into the feedback loop for new products and services.<br/><br/>Progressive companies around the world are realizing that their customers can provide much more than just revenue. In some cases, the insight gathered from customer interactions can shape a new line of products that transforms a company&#39;s fortunes. Conversely, companies that do not welcome customer interactions may be missing out on valuable information.<br/><br/>According to the new Convergys 2011 U.K. Customer Scorecard acquired by Business2Community, companies may be wise to explicitly promote the fact that they are open to customer feedback. Four in 10 customers surveyed by Convergys said they do not bother reporting a negative experience if there is no convenient way of voicing their concerns. Worse yet, one-third of respondents indicated that this lack of recognition has inspired them take their business elsewhere without saying a word.<br/><br/>For many companies, social media will be the easiest and fastest way to start a conversation with customers. According to 1to1 Media, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> also amplifies the benefits of these interactions by storing and analyzing the most valuable and actionable data received.]]></content:encoded></item>		<item><title>Social, Mobile Tech to Play Instrumental Role in BPO Industry Next Year</title><link>http://www.teletech.com/news/contact-center-technology/social-mobile-tech-to-play-instrumental-role-in-bpo-industry-next-year-800654098</link><pubDate>2011-12-02T00:00:00</pubDate><content:encoded><![CDATA[ With global outsourcing activity expected to climb in coming years, largely on the continued growth of markets in the Asia-Pacific sector, it may be worthwhile to review some trends to look for in 2012.<br/><br/>As in every other industry, mobile technology is expected to revolutionize the way in which business is handled. Smartphones and tablet computers are likely to become a mainstay among <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> providers, with features including business intelligence, instant messaging, analytics and other functions.<br/><br/>Social media is also expected to make a significant impact in the world of business process outsourcing.<br/><br/>&quot;Outsourced contact centers will have savvy staff keeping customers happy and engaged through Facebook, Google+, Twitter, and other social networks,&quot; explains the blog Outsourcing Insights. &quot;&#39;Social Customer Relationship Management&#39; will include following chatter on social networks. Quick-reaction teams will be ready with a strategy and response to potential PR debacles.&quot;<br/><br/>In October, Global Industry Analysts projected that the global BPO market will reach a value of $280.7 billion by 2017. The continued development of market-disrupting innovations such as cloud computing, mobile tech and social media are expected to play in a role in that development.]]></content:encoded></item>		<item><title>Look Out for Call Center Mobility in 2012</title><link>http://www.teletech.com/news/contact-center-technology/look-out-for-call-center-mobility-in-2012-800654980</link><pubDate>2011-12-02T00:00:00</pubDate><content:encoded><![CDATA[ With 2011 coming to an end, many businesses are beginning to formulate strategies for the coming year. The need to control costs and boost bottom lines is vital for business development. Toward that end, many enterprises have embraced hosted call center and outsourcing services.<br/><br/>While the recession officially ended in 2009, its impact is far from over. With a renewed sense of frugality, businesses are looking to optimize their processes through cost-efficient means. Outsourced customer service, IT, accounting and human resources processes are an ideal way to not only cut costs but to improve service and productivity.<br/><br/>Recent trends in technology, although intimidating at times, have hastened outsourcing trends, as mobile, social media, and cloud computing all offer new strategies for call center hosting and business process outsourcing. Consider, for example, the role of smartphones and tablet computers in this new landscape.<br/><br/>&quot;Service providers now have access to application platforms complete with built-in mobility functionality, which is increasingly relevant as more enterprises rely on geographically dispersed call centers and agents,&quot; writes Paul Adams for Destination CRM.<br/><br/>Such platforms allow service providers to direct calls to users instead of devices, Adams adds. This can provide mobile agents with full capabilities for voice, video, messaging, and collaboration from any location.]]></content:encoded></item>		<item><title>Integrating Customer Communications with CRM</title><link>http://www.teletech.com/news/customer-management/integrating-customer-communications-with-crm-800654026</link><pubDate>2011-12-01T00:00:00</pubDate><content:encoded><![CDATA[ It can be difficult for companies to keep pace with customer interactions across an ever-increasing range of communication platforms. However, seamless integration between channels may be a crucial competitive advantage that wins customer loyalty.<br/><br/>One of the primary complaints about contact centers cited by customers is the need to restate their original inquiries when interacting with a new agent. According to eConsultancy contributor Geoff Galat, a lack of internal collaboration naturally yields inferior customer service. Unless contact center agents have access to customer interaction histories, they may be forced to ask callers patronizing questions to learn about their online or in-store experiences.<br/><br/>&quot;This lack of visibility and context creates a multichannel customer experience gap that results in slower problem resolution, low first-call resolution rates, and ultimately dissatisfied customers,&quot; Galat explained.<br/><br/>According to Call Centre Clinic, successful multichannel engagement may be the distinguishing factor in successful customer relationship management (CRM) systems in 2012. Consumer trends are showing a clear preference for self-service, mobile, and social media-driven customer service solutions. Contact center agents that can address these needs may be able to spur an impressive spike in customer loyalty and revenue for their businesses.]]></content:encoded></item>		<item><title>PBX Market Rebounds Following Brief Slump</title><link>http://www.teletech.com/news/contact-center-technology/pbx-market-rebounds-following-brief-slump-800653472</link><pubDate>2011-12-01T00:00:00</pubDate><content:encoded><![CDATA[ After two consecutive quarters of decline, the global private branch exchange (PBX) market turned itself around in the third quarter of 2011, according to a new report from Infonetics Research.<br/><br/>The research firm estimates that global PBX phone system revenue increased by 5.5 percent over the second quarter and by 6.6 percent over the third quarter of last year. Overall, the market generated $2.1 billion in revenue.<br/><br/>PBX growth was especially strong in the European, Middle East, and Africa region, where the market increased by 11 percent since the second quarter. The Asia Pacific was also a fruitful region for the market, growing by 11 percent year over year.<br/><br/>Infonetics noted that internet protocol-based PBX systems are finding favor in enterprises worldwide. However, hybrid PBX systems - which combine hosted and premise-based solutions - still make up nearly two-thirds of the market.<br/><br/>IP-PBX is becoming especially popular in contact centers, experts say, as the technology can be combined with voice over internet protocol (VoIP) to reduce the cost of long-distance calling and improve the overall call quality.&nbsp;]]></content:encoded></item>		<item><title>Customer Centricity Can Lead to Better Service, Revenue Generation</title><link>http://www.teletech.com/news/revenue-generation/customer-centricity-can-lead-to-better-service-revenue-generation-800653477</link><pubDate>2011-12-01T00:00:00</pubDate><content:encoded><![CDATA[ With more communication channels between customers and businesses now available, the customer&#39;s voice currently projects louder than ever before. As a result, more businesses are prioritizing their customer service strategies in an effort to create a more customer-centric environment.<br/><br/>However, according to author Brian Solis, accomplishing this task is easier said than done. Even as businesses state their intentions for enhanced customer centricity, many are struggling to deliver in meaningful ways.<br/><br/>&quot;While every business believes that getting closer to the customer is a top priority heading into 2012, we&#39;re just not seeing a change in the infrastructure or supporting metrics or rewards systems,&quot; Solis said, according to a recent 1to1media report.<br/><br/>Instead of paying lip service to customer centricity, businesses must take real, proactive steps to bolster customer service through their various resources, including customer relationship management (CRM) solutions and contact centers. By leveraging these resources, a company may be able to improve customer satisfaction and, ultimately, generate more revenue.<br/><br/>According to a recent report from research firm IDC, customer centricity, along with time to market and flexibility, will be one of the main goals for companies looking to thrive in 2012. Therefore, as the new year approaches, business may be wise to make better customer service one of their new year&#39;s resolutions.]]></content:encoded></item>		<item><title>Retaining Cost-Efficient CRM Strategies</title><link>http://www.teletech.com/news/customer-management/retaining-cost-efficient-crm-strategies-800652922</link><pubDate>2011-11-30T00:00:00</pubDate><content:encoded><![CDATA[ Although economic uncertainties are discouraging firms around the world from making significant changes to their technological infrastructures, customer relationship management (CRM) may be one area in which smart investments can yield significant returns.<br/><br/>According to CRM market researcher Denis Pombriant, CRM systems can be aligned to help companies conserve resources and encourage gradual but consistent business growth.<br/><br/>In his latest report for CRM Buyer, Pombriant suggested that companies work their way back from recession by converting some of their &quot;big ticket purchases&quot; into subscriptions. For example, outsourcing CRM operations to a virtual contact center can save an organization significant amounts of capital spending and allow the business to take advantage of more flexible pricing models.<br/><br/>Advanced CRM systems that incorporate social media utilities can also help to retain customers through better service and attract new prospects with creative brand management.<br/><br/>&quot;If you are not out front of your customers collecting and analyzing their input through social media and analytics, you are behind the curve,&quot; Pombriant wrote.<br/><br/><a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a> may be one of the most influential trends in the marketplace in 2012, according to CIO, with companies realizing the importance of monitoring social media conversations and vendors refining technology to offer enhanced analytics.]]></content:encoded></item>		<item><title>Cloud Technology to Influence Evolution of Asian BPO Sector</title><link>http://www.teletech.com/news/contact-center-technology/cloud-technology-to-influence-evolution-of-asian-bpo-sector-800652636</link><pubDate>2011-11-30T00:00:00</pubDate><content:encoded><![CDATA[ Cloud services continue to play a central role in the evolution of global markets. When it comes business processes, leading companies are outsourcing them to specialists. Cloud technology only broadens these opportunities.<br/><br/>A new IDC report suggests that by 2015, cloud services will be an everyday sourcing option for chief information officers. This may impact vendor and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> relations and lead to the implementation of enhanced call center technology, more technical process horizontals or even a geographic shift in the global BPO sector.<br/><br/>&quot;With Outsourcing 3.0, the cloud will metamorphose into a universal service catalogue of individual cloud services,&quot; said IDC Asia-Pacific lead analyst for cloud services Chris Morris. &quot;This will begin to replace both traditional information technology outsourcing and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> engagements as well as on-premises infrastructure.&quot;<br/><br/>This year alone, the Asia-Pacific BPO sector is expected to see growth of more than 17 percent, compared to a mere 6.3 percent worldwide. While China has been the focal point of Asia&#39;s economic prosperity in recent years, smaller economies such as Thailand, Vietnam, and the Philippines have also shown promise of late.]]></content:encoded></item>		<item><title>Research: Companies Can Save Millions By Optimizing Business Processes</title><link>http://www.teletech.com/news/enterprise-management/research-companies-can-save-millions-by-optimizing-business-processes-800651498</link><pubDate>2011-11-30T00:00:00</pubDate><content:encoded><![CDATA[ It&#39;s no secret that <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> can save an organization time and money on routine tasks - be they recurring customer service or IT-related initiatives, or periodic accounting and payroll compliance duties. But their&nbsp;bottom line determines how much they are willing to outsource.<br/><br/>According to new research from The Hackett Group, businesses can generate up to $314 million in annual savings by optimizing their performance in fields of finance, IT, human resources, and procurement.<br/><br/>Specifically, the study found that companies that achieve world-class performance across these business operations attain cost reductions of 29 percent. Furthermore, the research points to a number of emerging markets that boast high potential for <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> markets and services, Chile, Columbia, Indonesia, and Bulgaria, as well as the global leaders for transaction volumes: China, India, and the Philippines.<br/><br/>&quot;Operating models with stand-alone functions for IT, finance, and other areas are giving way to an integrated service-oriented approach,&quot; said Hackett Group GBS global practice leader Honorio Padron. &quot;Even before the recession drove a &#39;whatever it takes&#39; attitude to cost-cutting, savvy companies were beginning to use Global Business Services to transform the delivery of business services based on processes and services rather than functions.&quot;]]></content:encoded></item>		<item><title>Implementing Effective Multichannel Customer Service</title><link>http://www.teletech.com/news/customer-management/implementing-effective-multichannel-customer-service-800650772</link><pubDate>2011-11-29T00:00:00</pubDate><content:encoded><![CDATA[ As consumers use an ever-expanding range of communications utilities in their daily lives, smart companies are evolving their customer relationship management (CRM) systems to facilitate multichannel customer engagement.<br/><br/>In and out of the office, consumers are gravitating away from telephone calls in favor of faster and less expensive communication methods, including texting, instant messaging, and social media. Simply having contact center agents standing by on telephones and checking emails is no longer sufficient. But before rushing to deploy a unified communications strategy, companies must take several factors into consideration.<br/><br/>According to 1to1 Media, a number of unprepared businesses have fallen into the trap of sending confusing or contradictory messages across customer engagement channels. To ensure they are crafting the correct message, companies must first observe customer preferences and listen to feedback. With clearer objectives in mind, it will be easier to design features like customer interaction hubs that align with expressed demands.<br/><br/>Instead of opening a variety of channels all at once, experts often encourage companies to master new communication platforms one at a time. According to Destination CRM, it may be wise to begin by establishing competency with mobile CRM considering smartphones and tablets have become so heavily ingrained in the consumer lifestyle.]]></content:encoded></item>		<item><title>Research Confirms Strong Return on CRM Investments</title><link>http://www.teletech.com/news/customer-management/philippines-now-top-outsourcing-hub-in-the-world-800650433</link><pubDate>2011-11-29T00:00:00</pubDate><content:encoded><![CDATA[ The Philippines appears to have surpassed India as the top customer service outsourcing hub in the world, according to a report by The New York Times. The shift reflects the larger English-speaking population in the Philippines - not to mention the country&#39;s considerable influence of American culture.<br/><br/>More Filipinos - roughly 400,000 - than Indians now spend their nights talking to mostly U.S. consumers, the newspaper reports. Jojo Uligan, executive director of the Contact Center Association of the Philippines, told the source that the Philippines only recently overtook India - a nation that employs around 350,000 call center agents.<br/><br/>&quot;The growing preference for the Philippines reflects in part the maturation of the outsourcing business and in part a preference for U.S. English,&quot; writes Vikas Bajaj for the Times. &quot;In the early days, the industry focused simply on finding and setting up shop in countries with large English-speaking populations and low labor costs, which mostly led them to India.&quot;<br/><br/>Now, however, executives are beginning to identify places best suited for specific tasks, be it human resources, accounting, IT or other processes.]]></content:encoded></item>		<item><title>Establishing an Effective Social CRM Presence</title><link>http://www.teletech.com/news/customer-management/establishing-an-effective-social-crm-presence-800650039</link><pubDate>2011-11-28T00:00:00</pubDate><content:encoded><![CDATA[ Incorporating a social media presence into customer relationship management (CRM) strategies can do more harm than good if companies are focusing on the wrong aspects of the technology.<br/><br/>Social media practitioners can easily get lost in the wide variety of advanced technical tools at their disposal. Instead, human factors should be a company&#39;s primary focus, as they will be the ultimate determinant of a company&#39;s <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategy&#39;s success, according to CMSWire contributor Chris Bucholtz.<br/><br/>As more companies establish a social media presence, authenticity may be the key distinguishing factor.<br/><br/>&quot;Today&#39;s customers are tired of being sold to - they know what that looks, smells, and feels like - and they don&#39;t want any more of it,&quot; Bucholtz wrote in his latest column. &quot;This isn&#39;t to say that your conversations should not include a call to action - but it has to be one that is mutually beneficial.&quot;<br/><br/>Accountability at all levels of an organization may help foster that crucial authenticity in social CRM interactions.<br/><br/>Customers expect businesses to stand behind what they say and make good on their promises, but admitting fault and taking accountability when anticipated services are not delivered may be just as important. According to TechTarget, explicitly defining employee responsibilities from the start can also help companies establish and retain a consistent voice in their social CRM interactions.]]></content:encoded></item>		<item><title>Contact Center Technology Gaining Emotional Intelligence</title><link>http://www.teletech.com/news/contact-center-technology/contact-center-technology-gaining-emotional-intelligence-800650507</link><pubDate>2011-11-28T00:00:00</pubDate><content:encoded><![CDATA[ Integrating human intelligence into automated technology is no easy task, but Spanish researchers may revolutionize contact center operations with their latest invention, according to the Telegraph.<br/><br/>Engineers from the University of Granada and the University of Carlos III in Madrid have joined forces to create a system that can automatically adapt its responses based upon its interpretation of a caller&#39;s emotional state. According to the Telegraph, this may bring about a new era in interactive voice response (IVR) software that complete changes the way contact centers use the technology.<br/><br/>&quot;Thanks to this new development, the machine will be able to determine how a user feels and how the caller intends to continue the dialogue,&quot; researchers told the news outlet.<br/><br/>Although IVR systems are routinely used to field basic customer inquiries, the innovations provided by Spanish engineers may extend the functionality of the technology. According to the Telegraph, prototypes of the system have already shown promise in interpreting boredom, doubt, and anger and responding with appropriate actions.<br/><br/>The technology may not be ready for commercial production for several years, but there is already strong interest for speech analytics in today&#39;s global contact center industry. According to Contact Centre Clinic, one in four British contact centers is expected to use some form of the technology by the end of next year.]]></content:encoded></item>		<item><title>Versatile Contact Center Agents Drive Business Success</title><link>http://www.teletech.com/news/customer-management/versatile-contact-center-agents-drive-business-success-800649228</link><pubDate>2011-11-25T00:00:00</pubDate><content:encoded><![CDATA[ Providing contact center agents with the tools and training to deliver superior service is becoming all the more important in an era where one interaction can build or break customer relations.<br/><br/>Although technological advances in customer relationship management (CRM) systems are often the core focus of contact center training sessions, managers may be better served by emphasizing the importance of versatile social skills. According to Multichannel Merchant contributor Kathryn Jackson, agent empathy may be the most important element in the CRM framework.<br/><br/>&quot;In most cases, showing frustration, impatience, or acting even mildly upset will not help move the customer out of the emotional state,&quot; Jackson noted in her latest report. &quot;If the agent also becomes emotional, the customer may become even more upset or even firmer in his original position.&quot;<br/><br/>To facilitate positive customer experiences, Jackson recommends managers start by enhancing their agents&#39; abilities to identify the type and intensity of emotions being displayed. From there, agents can try to work backward to find the root cause of customer distress, and deliver a timely and effective solution.<br/><br/>Empathy and engagement can be readily detected by customers familiar with subpar customer service transactions, according to Business2Community. Citing data from a recent customer experience survey, employing motivated and empowered staff was identified as a leading organizational strategy for improving service quality and efficiency.&nbsp;]]></content:encoded></item>		<item><title>BPO Sector May Benefit From Emerging Healthcare Trends</title><link>http://www.teletech.com/news/enterprise-management/bpo-sector-may-benefit-from-emerging-healthcare-trends-800649300</link><pubDate>2011-11-24T00:00:00</pubDate><content:encoded><![CDATA[ The healthcare sector continues to claim a larger share of the U.S. economy, as rising costs and a decaying job market have helped to bolster the industry as a bastion of activity. While the industry&#39;s growth also signifies declining health throughout the U.S., it may bode opportunities for savvy market leaders.<br/><br/>For example, the outsourcing of complex healthcare processes continues to gain popularity. According to a report released this week by research firm MarketsandMarkets, the industry has invested some 50 percent of its capital in IT technology over the past five years. Given the emergence of IT and business process outsourcing, outsourcing hubs such as China, the Philippines, India, Thailand and Eastern Europe may enjoy a surge in demand.<br/><br/>&quot;Internal resource unavailability, focus to improve company business, need to have access to latest technologies and capabilities, lack of proper back office administration, [and] internal resource allocation to key priorities of the firm ... are the main factors that are driving the It outsourcing market,&quot; the report points out.<br/><br/>Furthermore, the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> healthcare market is transitioning from simple services to systematic end-to-end solutions that require BPO vendor expertise and advanced technology base.]]></content:encoded></item>		<item><title>Two-Way Communication Key to Effective Social CRM</title><link>http://www.teletech.com/news/customer-management/two-way-communication-key-to-effective-social-crm-800648009</link><pubDate>2011-11-23T00:00:00</pubDate><content:encoded><![CDATA[ Incorporating social media into customer relationship management (CRM) systems has emerged as a popular strategy for facilitating faster, more frequent customer engagement. However, these social channels can do more harm than good to ill-prepared companies.<br/><br/>The first point of consideration when designing a <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategy is how a company will handle incoming traffic from consumers.<br/><br/>According to Fortune, businesses may be wise to adopt formal policies for dealing with customer complaints. Leaving Facebook wall posts unattended for mere hours could suggest corporate indifference, but overzealous responses may portray a company as hostile and defensive. It may also be wise to contact customers and request to continue a conversation using a more private platform.<br/><br/>Companies must also decide upon the most effective strategy for entering the social channel and begin new conversations.<br/><br/>Twitter can be a particularly effective tool for this pursuit. According to PCWorld, companies with dedicated Twitter pages can do meta-searches for terms that commonly come up in their customer interactions. With this knowledge, they may be able to generate more relevant and helpful Tweets that connect with a wider audience.]]></content:encoded></item>		<item><title>Outsourcing, IT Demands Blossom Among African Telecoms Companies</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-it-demands-blossom-among-african-telecoms-companies-800648007</link><pubDate>2011-11-23T00:00:00</pubDate><content:encoded><![CDATA[ The telecommunications sector has enjoyed a surge of business in emerging African markets, particularly with the advent of mobile banking technology, which has allowed populations under-served by banks to leverage their mobile devices for financial purposes.<br/><br/>The industry has also noted a surge in outsourcing activity in the content, particularly in Kenya - a nation that has invested considerable capital in developing a diverse <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector.<br/><br/>Still, telecom companies in the region are not without pressures to significantly cut costs. Mobile operators and internet service providers have been particularly squeezed to scale expenses and losses.<br/><br/>&quot;The case for high costs of investment gives operators tougher choices,&quot; explains Esmond Shahonya for AllAfrica.com. &quot;The current ICT market is data-driven. This demands that operators invest in both fixed and mobile data networks. Talking about infrastructure, operators have only two options; either leasing or building their own network.&quot;<br/><br/>As for outsourcing, this means markets in Africa may see demand for complex network and IT functions blossom in coming years.]]></content:encoded></item>		<item><title>Customer Service Fundamentals Needed to Optimize Social CRM</title><link>http://www.teletech.com/news/customer-management/customer-service-fundamentals-needed-to-optimize-social-crm-800647061</link><pubDate>2011-11-22T00:00:00</pubDate><content:encoded><![CDATA[ Although organizations around the globe are working to incorporate social media features into their customer relationship management (CRM) systems, it appears that such a strategy may not automatically translate to improved customer loyalty.<br/><br/>With social media emerging as the preferred communications platform within several demographics, the rise of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> was only a matter of time. However, Media Post contributor Steve McClellan recently suggested that companies will need to do more in order to derive maximum benefit from the technology.<br/><br/>Citing data from a Pitney Bowes international survey, just 18 percent of consumers indicated that social media engagement would inspire them to buy additional products and services from a company in the future.<br/><br/>Instead of relying solely on technological analyses and social media campaigns for driving business success, companies must be cautious not to overlook customer service fundamentals.<br/><br/>According to Forbes, there are a number of customer loyalty drivers that remain constant regardless of communication platform. Often, simply displaying empathy for customers and communicating a passion for one&#39;s business is enough to keep clients coming back year after year.]]></content:encoded></item>		<item><title>Harnessing the Power of Mobile CRM</title><link>http://www.teletech.com/news/customer-management/harnessing-the-power-of-mobile-crm-800647682</link><pubDate>2011-11-22T00:00:00</pubDate><content:encoded><![CDATA[ Smartphones and tablets are already well on their way to becoming the preferred communications platforms for a number of consumers and business professionals. To take advantage of this trend, companies may be wise to incorporate support for the technology into their customer relationship management (CRM) strategies.<br/><br/>By combining the versatility of mobile devices with the analytical capabilities of CRM systems, businesses may be able to discover valuable new sources of data.<br/><br/>&quot;With the explosion of smartphones, the mobile device has become a critical conduit to the customer - one that is quickly morphing into an all-purpose, on-the-go device for payments, identity, web browsing, communications, and entertainment,&quot; marketing expert Anandan Jayaraman told 1to1 Media in a recent interview.<br/><br/>By capturing and analyzing everything from online shopping habits to customer service calls in one unified platform, companies can begin to develop detailed customer profiles and identify trends within different segments and demographics.<br/><br/>According to CFO World, mobile CRM may be most valuable when implemented across an organization, allowing employees in all departments to access the resource and use it to shape strategic decisions.&nbsp;]]></content:encoded></item>		<item><title>VoIP Solutions Providing Real Competition for Legacy Carriers</title><link>http://www.teletech.com/news/contact-center-technology/voip-solutions-providing-real-competition-for-legacy-carriers-800646594</link><pubDate>2011-11-21T00:00:00</pubDate><content:encoded><![CDATA[ Emerging research suggests that voice over internet protocol (VoIP) is just one of several innovative technologies that are already cutting into the revenues of traditional telecommunications carriers.<br/><br/>According to the latest study from mobile solutions specialist Mavenir Systems, internet-based communication platforms are challenging the growth of traditional text messaging and voice service revenue. In a survey of 31 global telecommunications providers, one-third indicated that they have already observed a decline in their networks&#39; traffic and revenue, while three in four acknowledge that they are concerned by the emergence of new competitors in the marketplace.<br/><br/>As a result, carriers may soon evolve their network infrastructure to embrace unified communications technologies.<br/><br/>&quot;By allowing users to place high-definition voice and video calls, chat, share content, and discover new services as part of a globally connected frameworks, operators can retain and even grow their share of customer communication [revenue],&quot; the report stated.<br/><br/>The growing support for VoIP solutions among consumers and businesses is not surprising, according to BGR. By offering less expensive - and often free - services while retaining high-quality transmission, VoIP providers are winning over customers and shaking up the telecommunications marketplace.&nbsp;]]></content:encoded></item>		<item><title>IT Outsourcing Spend to Grow Among Life Sciences Firms</title><link>http://www.teletech.com/news/enterprise-management/it-outsourcing-spend-to-grow-among-life-sciences-firms-800646593</link><pubDate>2011-11-21T00:00:00</pubDate><content:encoded><![CDATA[ The IT sector of the global outsourcing market continues to gain traction among a variety of industry verticals. One such industry, life sciences, is expected to show particular gains in IT outsourcing demand and activity this year.<br/><br/>According to a report released this week by International Data Corporation Health Insights, nearly half of surveyed life sciences companies - 48 percent - expect to increase overall sales and marketing spend on IT this year. IT services, particularly hardware and software, are expected to note roughly 7 percent growth.<br/><br/>Accordingly, demand has been growing for skilled IT partners and services that can help reduce costs and improve enterprise efficiency.<br/><br/>&quot;Life science companies are being driven toward sales and marketing IT outsourcing by several business needs, including the need to automate and optimize reoccurring sales activities, consolidate disparate information sources ... and improve sales force effectiveness and efficiency,&quot; said Eric Newmark, program director at IDC Health Insights.<br/><br/>Newmark added that companies can leverage next-generation sales force applications, mobile platforms and streamlined usability to improve outsourcing performance.]]></content:encoded></item>		<item><title>Banks Ignore Valuable Social CRM Insight</title><link>http://www.teletech.com/news/customer-management/banks-ignore-valuable-social-crm-insight-800645961</link><pubDate>2011-11-18T00:00:00</pubDate><content:encoded><![CDATA[ Social media has become a powerful outlet for customers to voice their thoughts and opinions. However, new research suggests that financial services institutions may be ignoring this valuable feedback mechanism.<br/><br/>According to the latest research from MHP Communications, retail and investments banks are becoming more active on social media platforms, with 75 percent using the technology as a means of gathering industry information. An additional 42 percent are using social media for sales and marketing activities.<br/><br/>However, the majority of these financial firms are only allowing one-way traffic in their customer interactions. Just one in four banks surveyed by MHP indicated that they are using social media as a direct means of customer interaction.<br/><br/>By refusing to open up social channels in their customer relationship management (CRM) systems, financial firms may be leaving valuable insight - and money - on the table.<br/><br/>According to CIO, effective <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategies provide companies with novel perspective on the products, services, and related issues that are of greatest importance to customers. Citing data from Gartner industry analysts, the market for social CRM solutions could surpass $1 billion by the end of 2012 as companies realize the powerful benefits of the technology.&nbsp;]]></content:encoded></item>		<item><title>Is There a Link Between the U.S. Talent Gap and Business Process Outsourcing?</title><link>http://www.teletech.com/news/enterprise-management/is-there-a-link-between-the-u-s-talent-gap-and-business-process-outsourcing-800645559</link><pubDate>2011-11-18T00:00:00</pubDate><content:encoded><![CDATA[ The U.S. has faced high unemployment in recent years that is increasingly being viewed as a crisis of talent, as opposed to a lack of actual jobs. Whatever the case, the demand for &quot;up-skilled&quot; staff is growing and, in many ways, has been driven by business process outsourcing.<br/><br/>When companies outsource a given process - be it human resources, IT or customer service - it frees up capital and human resources that can then be focused on core business functions. In that sense, the talent that companies come to demand involve highly-skilled positions.<br/><br/>Now, consider the Labor Department&#39;s recent report that there are currently more than 3.3 million open jobs in the U.S. and the trend begins to present itself.<br/><br/>While the evidence does not suggest a casual relationship between outsourcing and the skill gap in the labor market, the benefits of <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> are clear to companies and the reason for its continued adoption. This underscores the need for market and policy decisions to adapt to outsourcing, as opposed to the other way around.<br/><br/>As Rob Gray points out for HR magazine, &quot;While any final decision will always lie with the business itself, outsourcing can provide infrastructure and services to support the process while freeing up capacity.&quot;]]></content:encoded></item>		<item><title>Preserving VoIP Efficiency With Strong Security</title><link>http://www.teletech.com/news/contact-center-technology/preserving-voip-efficiency-with-strong-security-800644527</link><pubDate>2011-11-17T00:00:00</pubDate><content:encoded><![CDATA[ Businesses around the world are migrating to voice over internet protocol (VoIP) solutions for a variety of reasons, but consistently strong security measures are needed to unlock the full benefits of the technology.<br/><br/>Reduced expenses, improved call quality, and innovative features are just a few of the factors commonly cited by companies adopting VoIP solutions. But in the rush to take advantage of advanced technology, important security considerations are sometimes overlooked.<br/><br/>According to Channel Web, skilled hackers often have the upper hand over companies still familiarizing themselves with the technology. Once on the network, these malicious programmers can steal sensitive data and disrupt critical business utilities.<br/><br/>In some cases, naive employees make it especially easy for cybercriminals. According to PC Pro, many attacks are &quot;no cleverer than exploiting the fact that most people never change their default voicemail PIN.&quot;<br/><br/>To protect against these risks, a number of companies are realizing the benefits hosted VoIP solutions. By partnering with qualified experts, businesses can be certain they are taking advantage of the advanced technology without compromising network security. This approach may also help companies save considerable time and money by avoiding complicated in-house deployment projects.]]></content:encoded></item>		<item><title>Canadian VoIP Market on the Rise</title><link>http://www.teletech.com/news/contact-center-technology/canadian-voip-market-on-the-rise-800643358</link><pubDate>2011-11-16T00:00:00</pubDate><content:encoded><![CDATA[ Versatile, reliable communication technologies can be found at the center of some of the most innovative modern businesses. As a result, companies in Canada and all around the world are beginning to realize the advantages offered by voice over internet protocol (VoIP) solutions.<br/><br/>According to the Calgary Herald, a number of VoIP providers are turning their attention toward the Canadian marketplace, with three large providers setting up operations there in recent months. Many customers have been pleased to learn that they can now call business colleagues across the country and the continent at a fraction of the expense of their former, local telecommunications services.<br/><br/>&quot;The thing about VoIP nowadays is that the voice quality is vastly improved, the costs have come down, and even overseas long distance rates are better than most conventional plans,&quot; noted Herald contributor Ted Kritsonis.<br/><br/>Similar reports are expected to surface regarding other emerging global markets in the coming years. According to ABI Research analysts, the worldwide market for VoIP solutions is expected to double in size by 2015, potentially generating more than $20 billion in revenue.&nbsp;]]></content:encoded></item>		<item><title>Managers Need to Understand Basic Functions of Outsourced Processes</title><link>http://www.teletech.com/news/contact-center-technology/managers-need-to-understand-basic-functions-of-outsourced-processes-800643362</link><pubDate>2011-11-16T00:00:00</pubDate><content:encoded><![CDATA[ Information technology is one of the fastest growing horizontals in the blossoming <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> industry. Worldwide, outsourcing revenues are expected to reach $464 billion this year - a 9.2 percent hike over 2010, according to a recent report by XMG Global.<br/><br/>Outsourcing of IT services is particularly common given the complexity of data management, data administration and other high-tech functions. These services offer to take the responsibility off an organization&#39;s shoulder so it may focus on core functions.<br/><br/>However, that does not mean outsourcing firms do not need to understand IT on a basic level. Managers need to know how and precisely what components of their IT needs will be outsourced.<br/><br/>&quot;Some businesses, such as financial institutions, are governed by strict regulations and as such some of their operations may best kept in house rather than outsourced,&quot; reports the website iHotDesk, referencing comments by IT expert Michael Robert of Business Computing World.<br/><br/>The same goes for other outsourcing horizontals. Whether or not company executives understand human resources, accounting or customer services, they need to grasp how and why their processes are being hosted.]]></content:encoded></item>		<item><title>Expanding Social CRM With Natural Language Processing</title><link>http://www.teletech.com/news/customer-management/expanding-social-crm-with-natural-language-processing-800642370</link><pubDate>2011-11-15T00:00:00</pubDate><content:encoded><![CDATA[ As companies continue to gain familiarity with social customer relationship management (CRM) strategies, advanced users may choose to implement innovative features such as natural language processing (NLP).<br/><br/>According to Mashable contributor John Rehling, this analytical technology may hold the key to understanding social media interactions at a deeper level.<br/><br/>&quot;NLP goes by many names - text analytics, data mining, computational linguistics - but the basic principle remains the same,&quot; Rehling explained in his latest column. &quot;NLP refers to computers systems that process human language in terms of its meaning.&quot;<br/><br/>In a customer service context, NLP could be used to automatically classify comments left on a company&#39;s Facebook page as positive, negative, or neutral. There are still several limitations for such a technology, Rehling cautioned, so it should be used as a complement to strong fundamentals rather than a central aspect.<br/><br/>Current <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> utilities already offer the capability to foster deeper engagement, identify market trends, and respond faster to customer inquiries. However, as NLP systems continue to evolve, they may facilitate greater efficiency and provide insights from a fresh perspective.]]></content:encoded></item>		<item><title>Social CRM Metrics Help Drive Business Success</title><link>http://www.teletech.com/news/customer-management/social-crm-metrics-help-drive-business-success-800642367</link><pubDate>2011-11-15T00:00:00</pubDate><content:encoded><![CDATA[ Social media and Web 2.0 have fundamentally changed customer engagement in recent years. However, the performance indicators contained within advanced customer relationship management (CRM) may be essential to unlocking the full potential of the technologies.<br/><br/>&quot;Increasingly, social media channels are the first port of call for customer, whether that be to find out about a product, air grievances, or to share their experiences with others,&quot; industry expert Daniel Hansen recently told MicroScope. &quot;Until the advent of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a>, it has been difficult to measure the effectiveness for social media initiatives.&quot;<br/><br/>This ability to quantify the impact of social media campaigns may be the most important feature of the technology. While marketers and contact center agents on the frontlines of customer engagement may already understand the benefits of the technology, many businesses executives prefer to see clear, data-driven evidence before authorizing - or increasing - social CRM investment.<br/><br/>For example, faster customer service and increased brand loyalty have often been cited as benefits of social CRM. However, supporting these assertions with customer satisfaction metrics and quarterly sales figures may help convince remaining skeptics and highlight potential business opportunities.]]></content:encoded></item>		<item><title>Market Analysts Tap Interactive Voice Response Systems For Growth</title><link>http://www.teletech.com/news/contact-center-technology/market-analysts-tap-interactive-voice-response-systems-for-growth-800641103</link><pubDate>2011-11-14T00:00:00</pubDate><content:encoded><![CDATA[ The latest report from Global Industry Analysts suggests that the market for interactive voice response (IVR) systems will reach new heights in the coming years on the strength of contact center industry success.<br/><br/>According to GIA research, the global IVR market may reach $2.7 billion by 2017. Analysts cited the growing popularity of outbound IVR and technological innovations as primary factors underlying this trend.<br/><br/>&quot;Factors such as globalization, cutthroat competition, and ever-changing customer demands are forcing companies to adopt new and improved process strategies in wide ranging areas of business operations,&quot; the report stated. &quot;Against this backdrop, the importance of interactive voice response - an integral part of customer service strategies - comes to the forefront.&quot;<br/><br/>Much of the demand for IVR services is expected to come from the financial services industry, according to the report, particularly in the U.S. market as banks continue to restructure operations post-recession.<br/><br/>According to TMCnet, both IVR solutions and at-home agents are already being called upon to satisfy the increase in contact center call volumes throughout the holiday season. As agent workloads are pushed to capacity, IVR systems can reduce the burden by routing calls correctly and often solving customer issues autonomously.&nbsp;]]></content:encoded></item>		<item><title>A Few Tips on Call Center Organization and Performance Incentives</title><link>http://www.teletech.com/news/revenue-generation/a-few-tips-on-call-center-organization-and-performance-incentives-800640390</link><pubDate>2011-11-14T00:00:00</pubDate><content:encoded><![CDATA[ Call centers are typically fast-paced work environments. Regardless of the center&#39;s industry horizontal or area of expertise, there are a variety of ways managers can organize tasks to make operations more consistent and efficient.<br/><br/>When it comes to cross-selling in a contact center environment, the need to organize is even more pressing. For that reason, many industry experts recommend using wallboards to track opportunities, display sales performance, and monitor client interactions. Such a strategy can also generate friendly competition within the workspace.<br/><br/>&quot;When the call center does not use call center wallboards and other tracking materials to identify opportunities and track success, they are missing out on significant opportunity for increased revenue and profitability,&quot; writes TMCnet contributing editor Susan Campbell.<br/><br/>However, this is just one strategy for streamlining sales and service standards. Managers need to equip a range of strategies to handle call volumes during peak hours.&nbsp;Monitoring new hires may help smooth the transition process, but providing sales or performances incentives may help managers reach their goals more quickly. Still, these incentives are good mainly for quick bursts of productivity and should not be relied on for consistent growth.]]></content:encoded></item>		<item><title>Report Highlights Emergence of Australian Contact Center Market</title><link>http://www.teletech.com/news/customer-management/report-highlights-emergence-of-australian-contact-center-market-800639389</link><pubDate>2011-11-10T00:00:00</pubDate><content:encoded><![CDATA[ According to the latest research from Frost &amp; Sullivan, Australia may provide a significant market opportunity for contact center application providers looking to expand their reach.<br/><br/>Frost &amp; Sullivan analysts charted record growth in the Australian contact center application market, with revenues climbing 16.4 percent in 2010 over 2009 figures. This success is expected to continue, according to the report, with the Australian contact center application market experiencing an average compound annual growth rate of 8.1 percent over the next seven years.<br/><br/>Researchers highlighted the rise of social media as a primary factor underlying this growth.<br/><br/>&quot;While uncertainly about the extent of social media&#39;s impact on contact centers is expected to cause businesses to delay major deployments, it is clear that solutions such as social [customer relationship management] and social media analytics will change the way organizations manage their customer service functions and will impact traditional contact center applications,&quot; report authors noted.<br/><br/>Companies are also growing increasingly comfortable with cloud-based, third-party solutions, according to Frost &amp; Sullivan. Hosted contact centers can offer businesses an attractive combination of rapid scalability and usage-based payment options that reduce the need for significant upfront investment.&nbsp;]]></content:encoded></item>		<item><title>Recording and Monitoring Call Center Agents</title><link>http://www.teletech.com/news/contact-center-technology/recording-and-monitoring-call-center-agents-800639133</link><pubDate>2011-11-10T00:00:00</pubDate><content:encoded><![CDATA[ When it comes to call center management, operators need to leverage a variety of tactics to optimize performance and maintain productivity. In a high-volume center - not to mention a rapidly growing industry - agents are tasked with handling each customer concern or inquiry on an individual basis. This can prove a challenge when multiplied over an extended period of time.<br/><br/>Accordingly, managers are beginning to leverage specific tools and strategies to maintain performance. Such methods include call recording and monitoring and performance management.<br/><br/>&quot;When calls are recorded, call center managers and supervisors can more readily track agents&#39; calls by skill-sets, inbound/outbound activity or agent ID,&quot; explains TMCnet contributing editor Susan Campbell. &quot;They can also review and enhance agent-customer interactions to drive significant improvements.&quot;<br/><br/>Recording and archiving calls can also aid the process of complying with regulatory standards, as data can be retrieved more efficiently.<br/><br/>According to Campbell, managers are also are employing real-time monitoring tools to gain further awareness of a call center&#39;s operations. This may help balance the customer service process while also ensuring proper agent behavior.]]></content:encoded></item>		<item><title>Speech Analytics Extend Reach of Contact Center Managers</title><link>http://www.teletech.com/news/contact-center-technology/speech-analytics-extend-reach-of-contact-center-managers-800638267</link><pubDate>2011-11-09T00:00:00</pubDate><content:encoded><![CDATA[ Successful contact center managers keep their operations on the cutting-edge of technology, and many of those that have already implemented speech analytics are enjoying unique benefits.<br/><br/>According to Call Centre Helper contributor Helen Murray, speech analytics expand the customer service potential of contact center agents. Many of the most valuable bits of customer insight have been difficult to capture using traditional customer relationship management (CRM) systems. However, the new technology allows companies to make quantifiable sense of customer reactions, comments and asides that agents often lose track of throughout the day.<br/><br/>&quot;Semantic analysis of the transcribed calls can automatically highlight, for example, that a particular product has been mentioned more in the past day, map out the context of those mentions, and understand the sentiment behind them,&quot; Murray wrote in her latest column.<br/><br/>Deploying new technology can be an important step forward for a contact center, but training personnel on best practices will be critical to enhanced customer service. According to Destination CRM, contact center managers must stay prepared by equipping their agents with both technical tools and applicable knowledge.]]></content:encoded></item>		<item><title>CBRE: Philippines No. 1 Asian Outsourcing Destination</title><link>http://www.teletech.com/news/enterprise-management/cbre-philippines-no-1-asian-outsourcing-destination-800638017</link><pubDate>2011-11-09T00:00:00</pubDate><content:encoded><![CDATA[ The Filipino outsourcing market received a nod from the real estate sector this week, as the country was named the top <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> destination in Asia by consulting firm CB Richard Ellis.<br/><br/>CBRE evaluated 15 Asian <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> markets and found the Philippines to be one of the least expensive, even as the industry continues to expand and introduce a host of new market horizontals such as human resources, information technology and finance.<br/><br/>The Philippines ranked second in terms of office rental yields in Asia, which reached 10 percent in the third quarter, compared to 11 percent in India, according to ABS CBN News.<br/><br/>&quot;The Philippines is one of the most cost-effective real estate markets in Asia,&quot; said Rick Santos, chairman and CEO of CBRE. &quot;For instance, it is significantly less expensive than Hong Kong and Singapore which is around 12 times more expensive. This is also why the demand in office services sector in terms of BPO and KPO expansion has been growing in the country.&quot;<br/><br/>Even so, the global outsourcing market continues to expand. Despite a dip in transaction volumes in the third quarter, experts anticipate BPO deals to proliferate through next year.]]></content:encoded></item>		<item><title>Marketing Experts Point to Importance of Customer Experience</title><link>http://www.teletech.com/news/revenue-generation/marketing-experts-point-to-importance-of-customer-experience-800637020</link><pubDate>2011-11-09T00:00:00</pubDate><content:encoded><![CDATA[ As marketing experts look toward the future of their field, many are realizing that maintaining a primary focus on customer experience may be the best way to attract new business.<br/><br/>&quot;Customer experience is the next big battleground for businesses and brands to conquer,&quot; Mark Choueke declared in his latest Marketing Week column. &quot;If your customer experience is lousy, frustrating, overcomplicated, or full of unnecessary obstacles - you&#39;re dead in the water.&quot;<br/><br/>Garnering adequate investment from company executives often serves as a barrier to improving customer experience. However, one way to overcome this is by demonstrating a record of strong return on investment. In a recent interview with Business2Community, industry expert Alexis Kingbury suggested identifying gaps between customer experience and expectations can help companies focus their spending and measure improvement.<br/><br/>Another obstacle, according to Choueke, is the lack of unified operations within an organization. Although marketers are generally responsible for the development of the original campaign, execution must be carried out by everyone from logistics officers to contact center agents.<br/><br/>By implementing a comprehensive customer relationship management (CRM) solution, for example, staff across all departments can have clear insight into both the overall goals and concrete interactions related to the customer experience.]]></content:encoded></item>		<item><title>Contact Centers Driving Optimistic Holiday Hiring Figures</title><link>http://www.teletech.com/news/customer-management/contact-centers-driving-optimistic-holiday-hiring-figures-800636988</link><pubDate>2011-11-08T00:00:00</pubDate><content:encoded><![CDATA[ The contact center industry may provide a much needed boost to the struggling U.S. job market as companies look to bolster their customer service operations during the holiday season.<br/><br/>According to the latest report from the U.S. Bureau of Labor Statistics, employers added 80,000 new hires in October. However, the figures fell slightly short of expectations, and the national unemployment rate has remained fixed at approximately 9 percent.<br/><br/>One bright spot in the employment sector is the contact center industry, according to USA Today. In anticipation of the increased consumer spending during the holiday season, retailers are preparing to fulfill customer service demands with additional staff.<br/><br/>For a number of businesses, the flexibility of a hosted contact center may be the best option. According to the news outlet, customer service and marketing specialist TeleTech is expected to hire 4,400 seasonal workers to staff its contact centers.<br/><br/>&quot;Companies cut costs as much as they can,&quot; TeleTech chief marketing officer Mark Grindeland told USA Today. &quot;What they all realize is that they have to grow revenue and create a customer experience.&quot;<br/><br/>With that in mind, Grindeland added that the slower-than-expected hiring numbers reported by retailers may actually be a factor of companies deciding to partner with contractors such as TeleTech instead.]]></content:encoded></item>		<item><title>Global Market Stresses May Prove Advantageous for IT Outsourcing</title><link>http://www.teletech.com/news/enterprise-management/global-market-stresses-may-prove-advantageous-for-it-outsourcing-800636971</link><pubDate>2011-11-08T00:00:00</pubDate><content:encoded><![CDATA[ In the most recent quarter, the IT outsourcing industry suffered its first decline in more than a year, as transaction volumes for both IT and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> dipped by 7 percent and 12 percent, respectively, according to a recent report from Everest Group.<br/><br/>However, analysts point out that the figures belie a generally optimistic outlook for global outsourcing markets, specifically in relation to information technology. In fact, the recent slowdown in the global economy and the prospect of a double-dip recession may actually be a boon for IT service providers in markets such as China, India, South Africa or the Philippines.<br/><br/>According to outsourcing analyst firm HfS Research, more than 40 percent of corporate IT leaders said that a flat economy may incite them to increase outsourcing in their organizations.<br/><br/>&quot;Corporate IT organizations may have no choice but to look for help outside their organizations if the financial situation continues to deteriorate,&quot; reports Stephanie Overby for CIO magazine. &quot;They made so many cuts in the previous downturn - in some cases to the bone - that outsourcing might be the only option for further productivity gains, according to HfS Research founder Phil Fersht.&quot;]]></content:encoded></item>		<item><title>Companies Bring Customer Service to Facebook</title><link>http://www.teletech.com/news/customer-management/companies-bring-customer-service-to-facebook-800635819</link><pubDate>2011-11-07T00:00:00</pubDate><content:encoded><![CDATA[ Businesses around the world have already recognized the power of social media as a marketing tool to promote brands and attract new prospects. However, many organizations are also turning social media into a direct channel for customer service.<br/><br/>Customer relationship management (CRM) strategies have had to evolve in recent years as consumers demand faster and more varied interactions with companies. <a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a> has filled the void in this respect and is now inspiring some companies to rely on sites like Facebook as a primary means of responding to customer inquiries.<br/><br/>To provide satisfactory service via Facebook, iMedia Connection contributor David Clarke recently suggested that companies must first divert customer inquiries to a specific tab or page so conversations do not overlap or disrupt separate elements of the Facebook profile. Seeing an angry customer complaint pasted at the top of a company&#39;s Facebook landing page may be an instant turn-off to prospects.<br/><br/>Once customer interactions have been funneled to the proper destinations, agents must listen to feedback fully but respond with action quickly. Honesty is also highly valued among consumers, and businesses are encouraged to own up to mistakes and offer appropriate solutions.]]></content:encoded></item>		<item><title>Clean IVR Key to Effective Contact Center</title><link>http://www.teletech.com/news/contact-center-technology/clean-ivr-key-to-effective-contact-center-800635026</link><pubDate>2011-11-07T00:00:00</pubDate><content:encoded><![CDATA[ Interactive voice response (IVR) is one contact center technology that&#39;s likely to elicit a strong response. Many callers love IVR systems because they allow them to navigate a company&#39;s customer service options without having to wait for an available agent. Others loate them because they&#39;d prefer to talk to a live person.<br/><br/>For this latter group, the key to winning them over may be to clean up a company&#39;s IVR system so it is more efficient and beneficial to the caller.<br/><br/>&quot;IVRs are giving speech a bad name,&quot; Destination CRM quoted speech consultant and user interface instructor Jim Larson as saying. &quot;Let&#39;s clean them up.&quot;<br/><br/>One way to clean up IVR, according the news provider, is to automate any repetitive or time-consuming tasks that can be handled through speech. To do this, the company must work to reduce the number of recognition errors and &quot;set the bar higher than just usability in terms of metrics.&quot; This should make an IVR system more comprehensive and, in turn, reduce caller frustration.<br/><br/>However, some customer concerns are best resolved by a live agent. Therefore, experts say, having the option to exit an IVR system at any point during a call can be another aspect to improve customer satisfaction.]]></content:encoded></item>		<item><title>Canadian Firms Turning to Asia-Pacific Market for High-End Outsourcing Deals</title><link>http://www.teletech.com/news/enterprise-management/canadian-firms-turning-to-asia-pacific-market-for-high-end-outsourcing-deals-800635913</link><pubDate>2011-11-07T00:00:00</pubDate><content:encoded><![CDATA[ As markets on both sides of the Atlantic struggle with high unemployment or fiscal catastrophe, the Canadian economy has fared relatively well in its emergence from the global economic downturn.<br/><br/>With mild joblessness and expectations of a balanced budget within a few years, Canadian firms are beginning to look overseas for outsourcing opportunities that will meet the demands of their growing markets.<br/><br/>One of the regions that is meeting the surge of demands from Canadian businesses is the Asia-Pacific <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector, particularly the Philippines.<br/><br/>According to Canadian Ambassador to Manila Christopher Thornley, the Philippines could move from its current speciality as a voice services hub to a choice destination for high-end <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> services.<br/><br/>&quot;There are very good Canadian companies here who are doing BPO services,&quot; Thornley told reports last week, according to the Philippine Daily Inquirer. &quot;I recently visited facilities in Cebu for Bombardier Transportation, which has shared services operations there. Atco Gas is also there. We would like to see [more high-value BPO services here].&quot;]]></content:encoded></item>		<item><title>Retaining Customer Loyalty With Smart Service</title><link>http://www.teletech.com/news/customer-management/retaining-customer-loyalty-with-smart-service-800634019</link><pubDate>2011-11-04T00:00:00</pubDate><content:encoded><![CDATA[ Although discovering and converting new prospects are keys to business success, companies should ensure that they are deploying best practices for retaining current customers.<br/><br/>Customer satisfaction and loyalty may be difficult to quantify, and the rise of social customer relationship management (CRM) has only complicated matters. However, there are a number of common customer service tactics that will serve contact center agents well, regardless of the communication platform.<br/><br/>When interacting with a business, customers want to feel that their time and opinions are valued. According to ECommerce-Guide contributor Vangie Beal, this means contact center agents must respond to all customer inquiries quickly, and with personalized solutions.<br/><br/>&quot;A standard cut-and-paste response on Facebook will not be of value to a customer looking to connect with you,&quot; Beal explained.<br/><br/>To foster this connection, contact centers should also avoid redirecting customers to multiple agents. According to Beal, this greatly improves the odds that a customer will respondent positively, as both customer and agent are given time to develop a more personal rapport.<br/><br/>These sentiments were echoed in a recent Fortune Magazine report, which explained that emotional connections are central to the customer interactions delivered by some of the world&#39;s most admired companies.]]></content:encoded></item>		<item><title>Call Center Management: Scheduling and Forecasting</title><link>http://www.teletech.com/news/enterprise-management/call-center-management-scheduling-and-forecasting-800634964</link><pubDate>2011-11-04T00:00:00</pubDate><content:encoded><![CDATA[ While there is an abundance of demand for outsourcing services, especially with the emergence of complex <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> horizontals, contact centers and service providers need to leverage accurate scheduling and forecasting data to prepare for market trends.<br/><br/>While this may be obvious to managers, it is more important for managers to communicate these concerns to their agents. Even a window of five minutes can impact one agent&#39;s ability to handle a call volume, which may in turn have a domino effect on productivity elsewhere.<br/><br/>&quot;Call center management must also be willing to measure and manage adherence with the use of workforce management tools and solutions,&quot; writes TMCnet contributing editor Susan Campbell. &quot;This supports tracking activities focused on adherence in real-time, running the necessary reports.&quot;<br/><br/>Managers should also implement productivity incentives or rewards for adhering to scheduling demands. While such performance may be expected of them, a radical shift demand may warrant a stricter forecast. Under these circumstances, work incentives may be justified or even needed.]]></content:encoded></item>		<item><title>Outsourcing Transactions Slowed in Third Quarter Despite Higher ACV</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-transactions-slowed-in-third-quarter-despite-higher-acv-800633915</link><pubDate>2011-11-03T00:00:00</pubDate><content:encoded><![CDATA[ The global outsourcing market suffered a decline in transaction volumes for the first in four quarters, according to a new report by research firm Everest Group.<br/><br/>Restrained by mounting economic uncertainty in the U.S. and Europe, firms completed 472 outsourcing deals in the third quarter, compared to 516 transactions in the second quarter and 508 in the first. Captive activity also returned to a &quot;normal&quot; level of 20 setups, after reaching a record high in the second quarter.<br/><br/>Despite the decline in the number of new outsourcing deals, total transaction volumes increased 6 percent in the third quarter to reach $2.7 billion in annual contract value. Everest cites the uptick as the result of three major deals signed during the July-September period.<br/><br/>&quot;The global outsourcing and offshoring market is beginning to show signs of slowing growth in selective areas, but we&#39;ll need to see a few more quarters to determine if this is the beginning of a downturn trend,&quot; said Eric Simonson, a managing partner at Everest.<br/><br/>&quot;Despite a decline in transactions,&quot; Simonson added, &quot;the outlook for the global sourcing market continues to remain cautiously optimistic in the medium term.&quot;]]></content:encoded></item>		<item><title>Revitalizing the Contact Center for Improved Performance</title><link>http://www.teletech.com/news/customer-management/revitalizing-the-contact-center-for-improved-performance-800632860</link><pubDate>2011-11-02T00:00:00</pubDate><content:encoded><![CDATA[ Although contact centers have markedly improved their customer relationship management (CRM) strategies in recent years, a number of organizational adjustments may help managers target areas in need of further attention.<br/><br/>&quot;In today&#39;s challenging marketplace, brands that excel at delivering an experience that engages customers by creating and maintaining a strong emotional connection with them will have a distinct competitive advantage,&quot; Loyalty Marketer&#39;s Association spokesman Mark Johnson told Destination CRM.<br/><br/>To build this quality, managers must invest in the success of their contact center agents. Setting realistic expectations, incentivizing strong performance, and encouraging autonomous decision-making from employees may foster greater engagement and satisfaction within the workforce.<br/><br/>Also, contact center managers must take the time to train employees, both in technical competency and customer communication skills. Although some managers fear they can&#39;t afford to take agents away from their high-volume workloads, employee education is nearly always a worthwhile investment.<br/><br/>Finally, opening additional customer engagement channels can have a variety of benefits. It prevents monotony from creeping into operations and allows agents to serve customers faster, and possibly simultaneously. The popularity of social media among consumers is also translating into how they prefer to interact with businesses.&nbsp;]]></content:encoded></item>		<item><title>How mobile technology is changing call center demand</title><link>http://www.teletech.com/news/customer-management/how-mobile-technology-is-changing-call-center-demand-800632869</link><pubDate>2011-11-02T00:00:00</pubDate><content:encoded><![CDATA[ Mobile technology is currently one of the most sensational global markets. With the advent of smartphones, tablet computers and location-based technology, mobiles devices are changing the way consumers and businesses interact with each other.<br/><br/>The same is true for call centers. As consumers are increasingly contacting outsourcing providers through web-enabled smartphones, the need for contact centers to offer similarly novel and innovative capabilities becomes paramount.<br/><br/>For example, call centers and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> firms can leverage mobile apps and online tools to ease the service process for clients and inbound callers. TMCnet contributor Linda Dobel offers an example of this trend, pointing out how contact centers can provide customers with enhanced interactive tools for mobile devices.<br/><br/>&quot;Smartphone users [can] visually navigate their interaction with the call center instead of using keypad buttons,&quot; Dobel writes. &quot;[This] provides a virtual queue that removes the on-hold frustration that is amplified when one is using a smartphone for their call center interaction.&quot;<br/><br/>Caller information can then be collected and securely passed along to call center agents or managers to scale back on instances of repeat information.]]></content:encoded></item>		<item><title>IBM Research Confirms Changing Nature of Customer Engagement</title><link>http://www.teletech.com/news/customer-management/ibm-research-confirms-changing-nature-of-customer-engagement-800631940</link><pubDate>2011-11-01T00:00:00</pubDate><content:encoded><![CDATA[ According to the latest research from IBM, marketing directors around the world are preparing their departments for a &quot;critical and permanent&quot; shift in the ways businesses interact with their customers.<br/><br/>The IBM study surveyed the opinions of more than 1,700 chief marketing officers (CMOs) from 64 countries, across 19 industries. But while research confirmed that the majority of CMOs are aware of the changing nature of their field, many still doubt their organizations&#39; readiness to prosper in the new environment.<br/><br/>Approximately four in five respondents expect their firms to increase their use of social media in the next three to five years, recognizing the emergence of important business trends such as social customer relationship management (CRM).<br/><br/>&quot;CMOs who successfully harness this new source of insight will be in a strong position to increase revenues, reinvent their customer relationships, and build brand value,&quot; the report stated.<br/><br/>However, there are a number of stumbling blocks that may stand in the way of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> optimization.<br/><br/>According to the study, half of responding CMOs expressed concern over how they will be able to measure and demonstrate concrete return on investment with digital technologies. A number of marketing executives also worry that their influence may be diminished by spreading their customer engagement efforts across too many channels.&nbsp;]]></content:encoded></item>		<item><title>Asian BPO Market Success: A Shift to High-End Services</title><link>http://www.teletech.com/news/enterprise-management/asian-bpo-market-success-a-shift-to-high-end-services-800631913</link><pubDate>2011-11-01T00:00:00</pubDate><content:encoded><![CDATA[ The story of the Asian <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> market is one of transition. In the beginning, outsourcing hubs such as China, India and the Philippines sold low-cost call center services. Over time, however, markets climbed the value chain to begin offering end-to-end <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> horizontals such as analytics, finance and accounting, legal services and even human resources.<br/><br/>Pranabesh Nath, Asia-Pacific industry manager of ICT practice at research firm Frost &amp; Sullivan, explained this market transition this week in an interview with ZDNet Asia.<br/><br/>&quot;In the end, focusing on higher-end services is a natural part of a company&#39;s growth strategy,&quot; he told the source. &quot;An outsourcer grows by adding higher end services and as their reputation in the market grows, this helps them as well. Typically, larger companies would offer higher-end services with [the types of] service levels as the differentiating factor.&quot;<br/><br/>Smaller to midsize companies would focus on basic services with cost as their primary differentiating factor, Nath added.<br/><br/>A recent study by PricewaterhouseCoopers and the Center for International Business Education and Research supports this assertion, as it concluded that relying on low cost is losing its appeal as a successful strategy for outsourcing providers.]]></content:encoded></item>		<item><title>Social CRM Providing Real Benefits</title><link>http://www.teletech.com/news/customer-management/social-crm-providing-real-benefits-800629311</link><pubDate>2011-10-28T00:00:00</pubDate><content:encoded><![CDATA[ Although integrating social media into customer relationship management (CRM) practices can be a challenging pursuit, there is a growing amount of evidence to suggest it may be worth the investment.<br/><br/>According to the latest research insights from consulting firm Bain &amp; Associates, there is a wide disparity in social media investment between early adopters and those still waiting to deploy <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> solutions. Some companies, such as Starbucks, American Express, and JetBlue, have spent literally tens of millions of dollars establishing a social media presence.<br/><br/>When leveraged appropriately, these strategies can provide significant returns.<br/><br/>In a survey of more than 3,000 consumers, it was discovered that customers engaging with companies via social media spent 20 to 40 percent more on related products and services and harbored a &quot;deeper emotional commitment&quot; for the business.<br/><br/>To take advantage of lucrative opportunities presented by social CRM, contact center managers may be wise to dedicate additional attention toward agent training.<br/><br/>According to UC Strategies, taking the time to familiarize contact center agents with the technology will enable them to take full advantage of the new customer engagement channels and offer the fast, personable service consumers demand.]]></content:encoded></item>		<item><title>Some Call Center Staffing Considerations for the Holiday Season</title><link>http://www.teletech.com/news/enterprise-management/some-call-center-staffing-considerations-for-the-holiday-season-800628175</link><pubDate>2011-10-27T00:00:00</pubDate><content:encoded><![CDATA[ A major spike in business activity is expected this winter, if only for a brief period. The holiday shopping season is expected to bring in troves of new sales, with the retail sector reaping vast profits.<br/><br/>Analysts expect the surge to offer a much-needed reprieve to global markets that have been ailed by mounting debt crises in Europe, high unemployment in the U.S. and general consumer uncertainty everywhere.<br/><br/>For the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector, this may also mean a surge in call center volume. As many consumer are flocking online to shop this holiday season, the demand for high-quality customer service will be high. Contact centers should begin hiring temp or part-time workers now, and given the necessary interview, hiring and training processes, this is no insignificant expense.<br/><br/>&quot;In addition, companies using premise-based contact center technologies must dust off those extra software licenses they keep in limbo year-round to enable their temporary, seasonal workers to log into the contact center&#39;s various, disparate systems,&quot; writes Tracey Schelmetic for Simply CT.<br/><br/>These include workforce management, call recording, messaging, customer relationship management, inventory and more.]]></content:encoded></item>		<item><title>Identifying and Addressing Customer Service Shortcomings</title><link>http://www.teletech.com/news/customer-management/identifying-and-addressing-customer-service-shortcomings-800626141</link><pubDate>2011-10-26T00:00:00</pubDate><content:encoded><![CDATA[ Industry reports continue to reflect customer dissatisfaction with contact center interactions, but by identifying common problems businesses can move forward with more effective operations.<br/><br/>According to Call Centre Helper, more 87 percent of approximately 2,000 consumers surveyed indicated that they had a negative experience with remote customer service within the past year. Respondents cited long wait times, poor call quality, and lack of agent knowledge as popular concerns.<br/><br/>Cutting-edge technology can help improve call quality and establish more efficient workflows, but human factors may be more important to customer satisfaction.<br/><br/>Approximately 80 percent of survey respondents suggested that they feel valued by a company when they can easily understand contact center agents and gain a sense of privacy from their calls.<br/><br/>To achieve these objectives, following through on employee training initiatives is crucial. Advanced customer relationship management (CRM) software has great potential for improving operations, but gains will be minimal if agents do not understand best practices.<br/><br/>According to Destination CRM, changing customer service paradigms from knowledge provision to problem resolution may also be valuable. Customers appreciate agents that work with them to find answers as opposed to those who simply provide relevant information and expect the customer to do the rest.]]></content:encoded></item>		<item><title>Business process outsourcing: A restaurant analogy</title><link>http://www.teletech.com/news/enterprise-management/business-process-outsourcing-a-restaurant-analogy-800627101</link><pubDate>2011-10-26T00:00:00</pubDate><content:encoded><![CDATA[ As commonplace as <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> has become in the global marketplace, there are still a large number of professionals and clients who don&#39;t quite grasp its significance. Accordingly, it&#39;s important for <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> experts, particularly sales and marketing professionals, to pitch outsourcing&#39;s unique benefits to an organization&#39;s bottom line.<br/><br/>China Daily contributor Dorothy Pak uses a restaurant analogy to better illustrate this point. What, where and when people eat is driven by culture and tradition, as well as a person&#39;s specific wishes and budget needs, she says. Additionally, people either cook their own food or dine out, the latter of which has created a massive, highly competitive industry designed around the needs and wishes of the customer.<br/><br/>Business process outsourcing works in much the same way, especially in the sense that outsourcing is, ultimately, about the client and their demand for a better &quot;dining&quot; experience.<br/><br/>Pak points out: &quot;Quality of information from the client (the ingredients), job knowledge of the staff (the cook),quality assurance (food tasting), technology (the facilities), service levels (attitude and efficiency of the waiters), job planning (order logistics arrangements), IT infrastructure and security (safety of the kitchen) all impact on how a client&#39;s needs are met.&quot;]]></content:encoded></item>		<item><title>Social Media Demands New Customer Service Tactics</title><link>http://www.teletech.com/news/customer-management/social-media-demands-new-customer-service-tactics-800626135</link><pubDate>2011-10-25T00:00:00</pubDate><content:encoded><![CDATA[ Social media has been a disruptive force within business communications, and companies should take care to adapt their customer relationship management (CRM) strategies for optimal use on the new platform.<br/><br/><a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a> has enabled a new era of instantaneous customer service. According to the Huffington Post contributor Mark Hillary, consumers are beginning to show a clear preference for faster engagement channels like Twitter, as opposed to interactive voice response (IVR) systems.<br/><br/>&quot;This is turning the entire customer service model on its head,&quot; Hillary suggested. &quot;You no longer need to ring a company to complain about their products or services, they will get in touch with you because you complained publicly on Facebook or Twitter.&quot;<br/><br/>This trend is already causing problems for ill-prepared companies. Customers are using social media to express a disproportionate amount of frustration in relation to satisfaction, and the problem only gets worse when overwhelmed customer service agents struggle to address their concerns in a timely manner.<br/><br/>To remedy this issue, it may be wise to dedicate personnel solely to social media channels. However, it is important to maintain a balanced customer service response so that customer inquiries coming through email and telephone are not ignored.]]></content:encoded></item>		<item><title>Report Predicts Increase in Online Conferencing</title><link>http://www.teletech.com/news/contact-center-technology/report-predicts-increase-in-online-conferencing-800625801</link><pubDate>2011-10-25T00:00:00</pubDate><content:encoded><![CDATA[ According to the latest research from contact center industry analysts at ContactBabel, businesses across the U.K. are expecting a spike in network traffic stemming from web chat over the next year.<br/><br/>Within 12 months, survey respondents suggested that the penetration rate for online conferencing will reach 35 percent among U.K. business, up from the current figure of just 14 percent.<br/><br/>&quot;Considering the potential of web chat, it is very underused by U.K. businesses, and this enthusiasm is long overdue,&quot; according to researchers. &quot;Web chat allows a customer or prospect who is using a web site to ask a question seamlessly - through the same medium - without having to move away from what they are doing.&quot;<br/><br/>By utilizing voice over internet protocol (VoIP) systems, contact center agents can respond much faster to customer queries than they would via email. Additionally, unified communications solutions allow agents to run multiple chat sessions simultaneously to streamline productivity.<br/><br/>On the strength of these capabilities, analysts from Infonetics Research recently predicted that the global market for VoIP solutions will reach $74.5 billion in revenues by 2015, up from the 2010 total of approximately $50 billion.]]></content:encoded></item>		<item><title>Predictive Analytics Becoming Key CRM Capability</title><link>http://www.teletech.com/news/customer-management/predictive-analytics-becoming-key-crm-capability-800625006</link><pubDate>2011-10-24T00:00:00</pubDate><content:encoded><![CDATA[ Innovative technology continues to redefine customer relationship management (CRM) in the enterprise, but predictive analytics could be one of the most important innovations to date.<br/><br/>CRM systems contain a wealth of information, but these databases are only useful if they help shape positive customer interactions. Recording and analyzing consumer behavior history is a crucial competency for relationship managers, but new technology is optimizing the way companies make the all-important next step toward predicting future actions.<br/><br/>&quot;By bringing full predictive analytics into a CRM environment, it makes data actionable,&quot; one software expert recently told CRM Buyer. &quot;Marketers can apply historical data from other campaigns, for example, to create predictive models to determine which prospects on a new list are most likely to purchase, and which will not.&quot;<br/><br/>Comprehensive analytics can provide insight on important trends in purchasing habits and attitudes as they emerge. By leveraging this real-time reporting, businesses will be better positioned to align future services and offerings that can inspire new purchases and foster greater brand loyalty.<br/><br/>By bridging the gap between previous data sets and future actions, predictive analytics can be the crucial link that unlocks greater customer satisfaction and higher revenues.&nbsp;]]></content:encoded></item>		<item><title>IVR Remains Relevant to Customer Experience</title><link>http://www.teletech.com/news/contact-center-technology/ivr-remains-relevant-to-customer-experience-800624303</link><pubDate>2011-10-24T00:00:00</pubDate><content:encoded><![CDATA[ Although a number of more complex communications technologies have emerged since the debut of interactive voice response (IVR) systems, companies should be aware that evolved IVR solutions remain key to modern customer service.<br/><br/>Within the contact center industry, IVR continues to be a great way of resolving basic customer inquiries and properly routing calls. But as the demands of customer service evolve, so too must IVR. According to Destination CRM, ignoring the need to upgrade this technology may increase the burden on agents.<br/><br/>Investing in improved routing capabilities within its IVR system recently paid significant dividends for American Express, as it was honored with a variety of industry accolades for its customer service.<br/><br/>&quot;There is no greater honor than being recognized by your own customers for providing outstanding value,&quot; one company spokesman told the news source.<br/><br/>According to Business Insider, companies may benefit by viewing IVR as a more holistic element in a greater customer engagement strategy. Ensuring that online, in-store, IVR, and social media communication channels are streamlined and effectively integrated can help close technological gaps that may cause customer dissatisfaction. &nbsp;]]></content:encoded></item>		<item><title>Fostering Customer Connection With Social CRM</title><link>http://www.teletech.com/news/customer-management/fostering-customer-connection-with-social-crm-800624013</link><pubDate>2011-10-21T00:00:00</pubDate><content:encoded><![CDATA[ The majority of enterprises are realizing that they need to incorporate social media features in their customer relationship management (CRM) systems, but without proper focus it can be difficult to build the customer connections businesses desire.<br/><br/>Facebook, Twitter, and YouTube are now the most preferred platforms for fostering brand loyalty, according to Fast Company. Although following the crowd is not always a good idea, the popularity of these social media sites should not be ignored.<br/><br/>&quot;Large brands have come to an unspoken consensus for a reason: this is where their consumers play and where they need to be,&quot; explained Fast Company contributor Michael Lazerow.<br/><br/>But before opening up these customer engagement channels and formally incorporating them into <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategies, companies must be certain they are prepared to handle the rapid and frequent communication.<br/><br/>One way to ensure optimal social CRM practices is to test each platform individually in a series of pilot programs. By establishing a strong competency with one platform before moving on to the next, businesses can increase the potential for client satisfaction. When customers see that their feedback is heard and acted upon in a timely manner, the crucial trust between company and consumer begins to grow.]]></content:encoded></item>		<item><title>Hiring and Education Demands Hit BPO Markets Worldwide</title><link>http://www.teletech.com/news/enterprise-management/hiring-and-education-demands-hit-bpo-markets-worldwide-800622971</link><pubDate>2011-10-20T00:00:00</pubDate><content:encoded><![CDATA[ Across the globe, companies have been turning to the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector as a viable strategy to cut operational costs and improve performance. While certain sectors have been more active than others, one thing is clear: Demand is up.<br/><br/>In fact, many developing nations that have leveraged the blossoming <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> market to advance their economies are seeking a wider pool of qualified candidates. This has put a greater stress on education infrastructures to meet the growing demand, especially as many outsourcing demands become more skills-oriented, such as information technology, accounting and human resources.<br/><br/>In the Philippines, one of the fastest growing outsourcing markets in the world, organizations recently pledged to train and hire thousands of new workers. The Technical Education and Skills Development Authority and the Business Processing Association of the Philippines signed an agreement this week to hire 65,000 IT-BPO workers.<br/><br/>&quot;Our big opportunity is to leverage this success and become the number one destination for IT-BPO in general,&quot; said BPAP Chairman Alfredo Ayala, according to ABS CNB News.<br/><br/>Other BPO destinations such as India, Kenya, China and Brazil have developed similar proposals specific to their respective market strengths.]]></content:encoded></item>		<item><title>Unified Communications Can Serve Evolving Customer Preferences</title><link>http://www.teletech.com/news/customer-management/unified-communications-can-serve-evolving-customer-preferences-800621406</link><pubDate>2011-10-19T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As companies look to improve customer relationship management
(CRM) models with cutting-edge technology, unified communications
may provide the best solution for catering to evolving customer
service expectations.<br />
<br />
According to Art Rosenberg of UC Strategies, contact center agents
will need to appeal to customer preferences with the correct
balance of self-service channels and live assistance.<br />
 "Basically, customers will only really need live assistance by
talking to someone only when they have a problem," Rosenberg
stated.<br />
<br />
This theory was recently supported by a report from Echo Research,
which suggested that 90 percent of responding smartphone owners
have taken actions to avoid calling customer service entirely. The
report also revealed that the threshold for customer
dissatisfaction has been lowered, and a number of respondents
indicated that they would reassess their brand loyalty after just
one bad company interaction.<br />
<br />
Customers are coming to expect instant and effective service from
companies, and contact centers are encouraged to address any
technological shortcomings. Inconsistent or slow interactive voice
response (IVR) systems may frustrate customers, according to
Rosenberg. Companies that wish to retain IVR systems must optimize
their technology, and may be wise to offer the service as a minor
element in a more comprehensive unified communications
strategy.</p>
]]></content:encoded></item>		<item><title>Staffing and Turnover Rates During an Outsourcing Transition</title><link>http://www.teletech.com/news/customer-management/staffing-and-turnover-rates-during-an-outsourcing-transition-800620887</link><pubDate>2011-10-18T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Handling the transition to an outsourced business process is
rife with challenges. While properly documenting the transition and
all necessary procedures is critical, it's also important to
monitor staffing levels at both the service provider and the
outsourcing firm.<br />
<br />
Essentially, <a
href="/lp-key/business-process-outsourcing-bpo">business process
outsourcing</a> is about hiring external, highly-skilled
professionals to handle routine procedures - be it accounting,
customer service or data management. Because <a
href="/lp-key/business-process-outsourcing-bpo">BPO</a> firms tend
to take on the personnel requirements of such tasks, outsourcers
tend to overlook the staffing and turnover conditions of their
provider.<br />
<br />
"Ideally, the contract will define the education, skills, language
capabilities and levels of experience required for each outsourced
position," points out Brad Lillis for Business Finance magazine.
"However, it is also essential to ensure staffing requirements are
actually being met by the service provider during
transition."<br />
<br />
Organizations should interview and approve candidates for positions
that require specific skill sets and validate that their service
providers retain such experience, Lillis adds.<br />
<br />
To prevent a disruption during a transition, companies should
conduct a careful reduction of resources needed to handle
operations through the process of outsourcing a process.</p>
]]></content:encoded></item>		<item><title>Taking Customer Engagement Mobile</title><link>http://www.teletech.com/news/customer-management/taking-customer-engagement-mobile-800620298</link><pubDate>2011-10-18T00:00:00</pubDate><content:encoded><![CDATA[ Smartphones and tablets are changing the way people seek, consume, and exchange information, and it is becoming clear that companies will need to be proactive when reaching out to customers on these mobile platforms.<br/><br/>According to the latest report from Echo Research and SpeechCycle communications, mobile device use is having significant implications for customer service. Specifically, now may be the time for companies to begin exploring ways to engage with their customers via mobile applications.<br/><br/>Among the 1,000 American smartphone owners surveyed for the report, 56 percent indicated that they would appreciate an application that allows them to bypass calling a contact center altogether. Additionally, four out of five suggested they would view their telecommunications provider more favorably if it offered a mobile customer service app.<br/><br/>&quot;With smartphones accounting for more than 40 percent of all mobile devices, mobile care applications present a real opportunity to help consumers address their customer service needs, anywhere, anytime,&quot; according to SpeechCycle spokesman Scott Kolman.<br/><br/>Mobile devices may transform the contact center in other areas as well, according to Telecom Reseller. Smartphones can provide managers with real-time analytics on the go, allowing them to leave their offices more frequently and engage with their colleagues proactively.&nbsp;]]></content:encoded></item>		<item><title>Study Predicts Growth in Mobile VoIP Segment</title><link>http://www.teletech.com/news/contact-center-technology/study-predicts-growth-in-mobile-voip-segment-800621393</link><pubDate>2011-10-18T00:00:00</pubDate><content:encoded><![CDATA[ Smartphones and tablets are having transformative effects on the global business community, and according to Infonetics Research, the voice over internet protocol (VoIP) industry may be uniquely affected.<br/><br/>Infonetics analysts project the amount of mobile VoIP subscribers to approach 410 million by 2015.<br/><br/>&quot;The adoption of over-the-top (OTT) mobile VoIP services is growing rapidly but is not without its challenges,&quot; noted directing analyst Diane Myers. &quot;Despite the fact that we expect mobile VoIP subscribers to grow nearly 10-fold from 2010 to 2015, there is relatively little money to be made from it in the near term.&quot;<br/><br/>Myers cited the prevalence of free applications and low user revenue as significant barriers to entry for VoIP solution providers that currently lack sustainable long-term business models and significant capital reserves. In 2010, operators accrued just $13.21 per user in annual revenues from the mobile VoIP segment.<br/><br/>Although there are several short-term considerations to be made, establishing a presence in the market now could pay significant dividends in the future. According to Telecom Reseller, embracing mobility in the contact center could allow companies to engage with customers across a wider variety of channels and also promote a better work-life balance among employees by enabling more flexible work arrangements.&nbsp;]]></content:encoded></item>		<item><title>Designing Loyalty Programs That Get Results</title><link>http://www.teletech.com/news/customer-management/designing-loyalty-programs-that-get-results-800619557</link><pubDate>2011-10-17T00:00:00</pubDate><content:encoded><![CDATA[ Customers are empowered with information and options like never before, but cleverly designed loyalty programs may go a long way toward securing a company&#39;s customer base in increasingly crowded, and competitive, markets.<br/><br/>Organizations around the world have been placing a sharper focus on customer loyalty and rewards programs in recent years, as tough economic times have made client retention even more important.<br/><br/>&quot;Across all industries, companies spend $2 billion each year on loyalty programs, that&#39;s a significant amount,&quot; according to Gallup management consultant Jordan Katz. &quot;What isn&#39;t significant, though, is the positive effect most companies receive through these programs. Most of these programs leave a lot of money on the table.&quot;<br/><br/>Loyalty is not established when customers enroll in these programs, Katz warned. Instead companies must work hard to foster active engagement through programs with significant value, such as product discounts and unexpected perks.<br/><br/>Marketers must also manage their loyalty expectations, according to the Huffington Post. Companies must assess their offerings and develop more realistic views of how frequently and deeply customers will engage with a product or service before designing an outreach program.]]></content:encoded></item>		<item><title>Equipping Contact Center Agents for Success  </title><link>http://www.teletech.com/news/customer-management/equipping-contact-center-agents-for-success-800620289</link><pubDate>2011-10-17T00:00:00</pubDate><content:encoded><![CDATA[ Contact center managers hoping to improve the speed and efficacy of their operations should be sure that they are providing their agents with all the technical and social tools they need to succeed.<br/><br/>Cutting-edge technology is a crucial commodity within the contact center industry, and managers should be on the lookout for the latest innovation. Customer relationship management (CRM) systems need to be tailored in a way that provides agents with relevant caller information without overwhelming them with too much data. The rise of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> also necessitates the incorporation of new social media channels and the technical training to allow agents to optimize the new utilities.<br/><br/>But to help contact center agents truly excel, managers would be wise to recognize the unique pressure of the job and provide the social resources to foster employee performance and growth.<br/><br/>According to PCWorld, examination of Canon&#39;s award-winning customer service operations is a prime example of this balance.<br/><br/>Customer service agents are equipped with the latest tools of the trade, including dual-monitor displays and a detailed CRM system that incorporates several step-by-step walkthroughs for helping customers troubleshoot technically complex issues. But perhaps more importantly, the company offers a comprehensive wellness program to ensure employees avoid the burnout associated with repetitive tasks and continue to offer friendly, effective customer service.]]></content:encoded></item>		<item><title>Document Processes To Ease Outsourcing Transitions</title><link>http://www.teletech.com/news/enterprise-management/document-processes-to-ease-outsourcing-transitions-800619883</link><pubDate>2011-10-17T00:00:00</pubDate><content:encoded><![CDATA[ As the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector continues to expand globally, it is clear that organizations are attracted to the capacity to streamline certain operations through outside experts.<br/><br/>However, <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> firms may not be meeting their full potential due to the lack of a migration incentive. Said another way, some firms are worried about the disruption of business that may result from an outsourcing transition.<br/><br/>But transitions need not be disruptive, so it&#39;s important that BPO firms and outsourcers alike document their procedures thoroughly.<br/><br/>&quot;Enterprises often do not have the luxury of standardizing processes prior to outsourcing, as there are change management and system configuration obstacles to overcome, cost savings delays, and resource shortages,&quot; reports Brad Lillis for Business Finance magazine.<br/><br/>Companies should create a system of Standard Operating Procedures, note process exceptions, and document unwritten rules and habits before a transition begins, Lillis adds.<br/><br/>The process documentation will serve as the vessel through which knowledge is transferred and performance is ensured.]]></content:encoded></item>		<item><title>Agent Flexibility May Improve Contact Center Performance</title><link>http://www.teletech.com/news/customer-management/agent-flexibility-may-improve-contact-center-performance-800618713</link><pubDate>2011-10-14T00:00:00</pubDate><content:encoded><![CDATA[ Contact center managers in search of new ways to improve customer service may not have to look very far, as a focus on agent competency and flexibility can have significant benefits.<br/><br/>According to TechTarget, contact center agents with the ability to go &quot;off-script&quot; and solve problems autonomously are an invaluable asset to any customer service provider.<br/><br/>&quot;For me, this is about giving them the flexibility to make game-time decisions without having to get approvals,&quot; one client relations executive told the news provider.<br/><br/>For example, agents can be authorized to grant moderate price discounts to customers that are at risk of becoming aggravated or dissatisfied. Additionally, advanced customer relationship systems (CRM) can help agents stop problems before they arise.<br/><br/><a href="http://www.teletech.com/lp-key/social-crm">Social CRM</a>, in particular, allows for the faster, less formal style of engagement now favored by a growing percentage of customers. Empowering agents with strong analytical software will be crucial for allowing them to make quick decisions and deliver effective, timely service across social media channels.<br/><br/>Highlighting the power of the platform, Research In Motion officials recently mobilized their social CRM teams in an effort to keep their BlackBerry customers informed as the company worked to patch ongoing server disruptions.]]></content:encoded></item>		<item><title>Customer Loyalty Starts With Quality Service</title><link>http://www.teletech.com/news/customer-management/customer-loyalty-starts-with-quality-service-800618936</link><pubDate>2011-10-14T00:00:00</pubDate><content:encoded><![CDATA[ Companies are devising complex methods of fostering and growing customer loyalty with a variety of innovative new initiatives, but quality customer service may still have the largest impact on future purchasing decisions.<br/><br/>According to the latest report from Echo Research, approximately two-thirds of 1,000 American consumers surveyed indicated that they would be willing to spend more money with their mobile service provider, and recommend the company to others, if they had consistently received great customer service. In contrast, 60 percent of consumers reported that it would only take two or three negative interactions for them to consider switching to an alternate service provider.<br/><br/>Consumers also appear to be looking for a more diverse range of customer service models, with four out of five expressing interest in mobile applications from their providers.<br/><br/>&quot;Many consumers prefer to use self-service channels with two-thirds stating they have tried to resolve their issues themselves rather than call customer service,&quot; noted report authors.<br/><br/>According to Hospitality Net, consumers are expressing an increased desire for self-service options because it affords them freedom of choice, offers added convenience, and empowers them to make their own decisions. Companies looking to bolster their brand loyalty may want to try similar approaches that respect a customer&#39;s time and intelligence.]]></content:encoded></item>		<item><title>Adhere to Call Center Schedules to Control Costs and Maintenance</title><link>http://www.teletech.com/news/enterprise-management/adhere-to-call-center-schedules-to-control-costs-and-maintenance-800618886</link><pubDate>2011-10-14T00:00:00</pubDate><content:encoded><![CDATA[ Management of call centers is a multi-faceted, ongoing process that must evolve according to changing market conditions. At the helm of this responsibility is scheduling, as the ability to draft and adhere to staffing plans is tantamount to running an efficient and high-capacity contact center.<br/><br/>Schedules need to be determined according to a number of factors, including agent availability, anticipated call volumes or activity and, where possible, unforeseen interruptions. TMC Net contributor Susan Campbell refers to the failure to meet such objectives as being &quot;out-of-adherence.&quot;<br/><br/>When this happens, the speed and efficiency by which customers are assisted are adversely affected, as are workload and occupancy factors, which can impact productivity and staffing.<br/><br/>&quot;No one wants to work hard in an environment where others are allowed to slack off,&quot; Campbell points out. &quot;It&#39;s important for call center management to keep agents motivated and on the phones as much as possible. Any time spent focused on other things leaves an uneven workload that can cause resentment to build within the center.&quot;<br/><br/>Finally, out-of-adherence can also rack up telephone and equipment costs as staffing demands rise alongside call durations.]]></content:encoded></item>		<item><title>Recognizing the Changing Face of Social CRM</title><link>http://www.teletech.com/news/customer-management/recognizing-the-changing-face-of-social-crm-800617046</link><pubDate>2011-10-12T00:00:00</pubDate><content:encoded><![CDATA[ Social media can be a powerful tool in customer relationship management (CRM) strategies, but a number of misconceptions may be preventing companies from unlocking the technology&#39;s full potential.<br/><br/>According to social media expert Brian Solis, a heavy reliance on metrics may be dooming <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> strategies. Applying old measurements to new technologies is often of little value, and in some cases it can be counterproductive. Even among companies that have evolved their indicators, few have been able to successfully apply them to product and service enhancements.<br/><br/>Instead, companies may be better served by shifting their focus away from data and toward the customers themselves.<br/><br/>&quot;Human connections are against the grain for many businesses, but imperative for social media success,&quot; suggested Solis in a recent blog post. &quot;Stories are the most powerful way to create and reinforce change.&quot;<br/><br/>InterContinental Hotels Group, which serves more than 130 million customers in 100 countries, recently heeded this advice to great effect. According to SmartBlogs contributor Andy Sernovitz, the hospitality corporation began its social CRM strategy by reaching out to a core group of passionate fans and establishing an online community. The company used the engagement channel to solicit feedback for new innovations and supply customers with examples of when their advice was put into practice.&nbsp;]]></content:encoded></item>		<item><title>Banks Exploring Social Media Innovations</title><link>http://www.teletech.com/news/customer-management/banks-exploring-social-media-innovations-800616451</link><pubDate>2011-10-12T00:00:00</pubDate><content:encoded><![CDATA[ As social media has grown from a consumer diversion into a legitimate platform for business opportunities in the past few years, even austere institutions such as banks are beginning to explore the merits of the technology.<br/><br/>In a recent column for Bank Tech, IBM analysts explained that businesses able to harness the collective power of online communities are discovering that these social interactions can attract new customers, bolster brand loyalty, and ultimately increase profits. Wells Fargo, for example, was able to draw attention to its brand earlier this year by marking the debut of its Manhattan office with a &quot;flash mob&quot; event that was later posted to YouTube.<br/><br/>Additionally, social media can be a valuable tool for providing customers with information and gaining new insights into their banking habits. By opening up social customer relationship management (CRM) channels, a number of banks have been able to solicit feedback that ultimately shaped innovative new services, according to Bank Tech.<br/><br/>Effective <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> systems can be a significant asset to any organization. But according to Forbes, success may ultimately be determined by the company&#39;s ability to view customer engagement holistically and offer a consistently positive experience.&nbsp;]]></content:encoded></item>		<item><title>Report Outlines Growth of BPO Sector Over Next Six Years</title><link>http://www.teletech.com/news/enterprise-management/report-outlines-growth-of-bpo-sector-over-next-six-years-800616937</link><pubDate>2011-10-12T00:00:00</pubDate><content:encoded><![CDATA[ Driven by organizations&#39; needs to cut operating costs, the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> market is expected to flourish over the next six years, according to a study released Wednesday by research firm Global Industry Analysts.<br/><br/>Specifically, GIA expects the worldwide <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> market to reach $280.7 billion by 2017. Analysts expect the transformational approach toward outsourcing in general will be a core driver of long-term growth for BPO.<br/><br/>In recent years, as the global economy tanked, businesses began leveraging new strategies to efficiently maintain operations while keeping their budgets in check. Outsourcing services offer the perfect vessel for achieving such ends.<br/><br/>According to the report, finance and accounting processes are expected to witness the fastest outsourcing activity in coming years. Financial services, manufacturing, logistics and travel markets have been among the most active in acquiring F&amp;A outsourcing services.<br/><br/>&quot;The US represents the largest finance and accounting BPO market worldwide,&quot; GIA reported in a statement. &quot;On the other hand, demand for finance and accounting outsourcing services is increasing in countries such as China, Latin America and Central Europe that require multi-lingual capabilities and higher-touch processes.&quot;]]></content:encoded></item>		<item><title>Knowing and Serving the Varied Needs of Customers</title><link>http://www.teletech.com/news/customer-management/knowing-and-serving-the-varied-needs-of-customers-800615366</link><pubDate>2011-10-11T00:00:00</pubDate><content:encoded><![CDATA[ One size does not fit all in the world of customer relationship management (CRM), and understanding the unique characteristics of different demographics can help companies retain and grow their customer bases.<br/><br/>Purchasing decisions can be motivated by any number of factors, but it is the job of the contact center manager to understand these demands and gear the company&#39;s offerings appropriately. This knowledge must also trickle down to customer service agents. According to Call Centre Helper, segmenting customers may be particularly useful in this pursuit.<br/><br/>Some customers, such as high-level executives, typically command a certain level of respect and will expect to be treated as such during communications, while others are looking for a more personal touch. Another emerging segment, according to the news provider, includes younger, dynamic customers who are technologically literate and demand near-instant satisfaction. Contact center managers will have to work hard to identify these trends, but agents should remember that certain rules apply to all customers.<br/><br/>Respect for a customer&#39;s time, individuality, and perspective will always be pillars of effective customer service. Without this strong foundation, advanced strategies will likely be in vain.&nbsp;]]></content:encoded></item>		<item><title>Experts Defend Strength of Global Outsourcing Markets</title><link>http://www.teletech.com/news/enterprise-management/experts-defend-strength-of-global-outsourcing-markets-800615934</link><pubDate>2011-10-11T00:00:00</pubDate><content:encoded><![CDATA[ While a number of global markets may not be able to fully endure the consequences of ongoing financial chaos and uncertainty in Europe and the U.S., experts pointed out a few industries that are well positioned to handle the brunt of the economic turmoil.<br/><br/>Alfredo Ayala, president of the Business Processing Association of the Philippines, argued this week that his country&#39;s information technology and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> sector will survive the bleak economic outlook forecast for many world markets, even referring to it as the &quot;rock of global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> industry.&quot;<br/><br/>Other experts pointed to the BPO sector&#39;s continued growth through the global economic downturn of 2008 and 2009. However, Ayala added, if the market needs anything it is a pool of qualified workers to handle the surge in demand.<br/><br/>&quot;We have to increase the volume and quality,&quot; he said, accoridng to ABS-CBN News. &quot;Maybe we could market more to non-fresh graduates and career switchers. We need to do a better job at convincing them.&quot;<br/><br/>Other markets in Asia, South America and Africa have also shown promise for their burgeoning outsourcing industries, though a financial collapse in Europe still worries most investors.]]></content:encoded></item>		<item><title>Analysts Forecast Continued Growth in VoIP Services Market  </title><link>http://www.teletech.com/news/contact-center-technology/analysts-forecast-continued-growth-in-voip-services-market-800612730</link><pubDate>2011-10-07T00:00:00</pubDate><content:encoded><![CDATA[ Analysts from Infonetics Research recently amended their previous voice over internet protocol (VoIP) market forecast to account for additional growth that may bring global revenues to $76.1 billion in 2015.<br/><br/>Following strong performances from market competitors throughout 2010, Infonetics analysts reported that VoIP services revenues reached $49.8 billion last year. In March, the market research firm released a forecast suggesting that the revenues could swell to $74.5 billion in 2015. However, Infonetics recently amended its earlier prediction to factor in the potential for stronger growth.<br/><br/>&quot;We&#39;ve increased our short- and long-term forecasts for the voice over IP services market, as adoption in the residential, [small office/home office], and business segments continues unabated,&quot; said Infonetics spokeswoman Diane Myers. &quot;The residential segment continues to make up the majority of VoIP services revenue, but the real growth is in the business segment, particularly hosted VoIP and unified communications (UC) services.&quot;<br/><br/>The researchers predicted that the number of seats for hosted business VoIP and UC services will double between 2011 and 2015, ultimately driving the market value past $76 billion.&nbsp;]]></content:encoded></item>		<item><title>Study Ranks Latin American Outsourcing Markets</title><link>http://www.teletech.com/news/enterprise-management/study-ranks-latin-american-outsourcing-markets-800613935</link><pubDate>2011-10-07T00:00:00</pubDate><content:encoded><![CDATA[ While the Asia/Pacific region is usually promoted as one of the chief global destinations for IT and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> demand, a new study evaluates the burgeoning Latin American outsourcing markets and its top locations.<br/><br/>According to the report, released this week by consulting form ThinkSolutions, Mexico is the top outsourcing hot spot in central and South America for U.S. demand. Analysts point to the nation&#39;s inclusion in the North American Free Trade Agreement as contributing to its substantial investment potential. The proximity and shared border also allow for easier cultural relations.<br/><br/>Mexico retains some 2,000 IT companies, 550,000 trained IT professionals and a growing labor market, the study points out. Chile, Costa Rica and Argentina were also cited as top outsourcing destinations, particularly in the fields of IT and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a>. Nicaragua, Bolivia and Ecuador rounded out the bottom of the list, according to CIO magazine.<br/><br/>When companies seek nearshore alternatives for sourcing, the main benefits they expect are &quot;increased cultural compatibility, skilled labor, and proximity benefits of shorter travel time and time zone alignment,&quot; said ThinkSolutions partner Tony Mataya in explaining the research method.]]></content:encoded></item>		<item><title>First-call resolution key to controlling costs</title><link>http://www.teletech.com/news/customer-management/first-call-resolution-key-to-controlling-costs-800612378</link><pubDate>2011-10-06T00:00:00</pubDate><content:encoded><![CDATA[ For contact center managers searching for ways to reduce operational expenses, making first-call resolution a leading priority may be the most effective strategy.<br/><br/>When inquiries are not resolved upon first contact, customer dissatisfaction can have serious economic implications. According to TechTarget, anytime an issue progresses past the base level of a customer relationship management (CRM) system, support costs quickly escalate.<br/><br/>In a recent industry survey acquired by the news provider, it was revealed that &quot;incident cost increases at least 40 percent when escalated to level 2 and 80 percent when escalated to level 3.&quot; To address this issue, TechTarget suggests allocating expert resources to the initial point of contact to boost first-call resolution ratios.<br/><br/>These sentiments were echoed in a recent analysis of the financial services industry given by PricewaterhouseCoopers executive Dave Hoffman.<br/><br/>In his interview with American Banker, Hoffman suggested that customer service inconsistencies among banks may be the result of misguided strategy. By viewing customer interactions in a product-centric way, financial institutions often miss the mark with CRM strategies. However, the aforementioned economic indicators could be enough to inspire greater investment in effective customer service.]]></content:encoded></item>		<item><title>Drug Industry Adopting Outsourcing Practices En Masse</title><link>http://www.teletech.com/news/enterprise-management/drug-industry-adopting-outsourcing-practices-en-masse-800612904</link><pubDate>2011-10-06T00:00:00</pubDate><content:encoded><![CDATA[ Pharmaceutical companies worldwide are expected to increase investments in outsourcing this year, as spending reached a 10-year high in 2010 and outpaced other industry verticals, according to a report released this week by Everest Group.<br/><br/>Last year&#39;s outsourcing deals marked 81 percent of growth over 2009, compared to the industry average expansion pace of 13 percent, Everest reports. The pharmaceutical industry&#39;s investment in outsourcing currently averages 3-5 percent of the market&#39;s total annual spend, but analysts anticipate that figure may rise to 10-15 percent.<br/><br/>IT outsourcing has and continues to lead the overall industry, but adoption of <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> has risen steadily since 2007, as firms have begun outsourcing drug development processes, as well as finance and accounting, human resources and procurement.<br/><br/>&quot;The pharma industry is a nascent adopter of outsourcing as compared to some other industries,&quot; said Amneet Singh, vice president of global sourcing at Everest. &quot;The spike we saw in 2010 was largely the result of pent up demand from the recessionary economy; however, the business drivers for outsourcing adoption remain and continue to evolve.&quot;]]></content:encoded></item>		<item><title>Experts Debate Future of the Contact Center</title><link>http://www.teletech.com/news/customer-management/experts-debate-future-of-the-contact-center-800610725</link><pubDate>2011-10-05T00:00:00</pubDate><content:encoded><![CDATA[ As a rapidly evolving business landscape demands new strategies, experts are debating how the contact center industry will respond and how technology will dictate its future.<br/><br/>Perhaps the most important trend contact centers will have to manage is the increasing mobility of business professionals and consumers. Smartphones and tablets are fundamentally changing the way the world communicates, and a number of contact centers are already opening additional customer engagement channels to meet changing expectations. But much like customers, contact center agents themselves may demand their own mobility solutions.<br/><br/>According to Telecom Reseller, mobilizing the contact center may allow agents to achieve a better balance between their work and personal lives.<br/><br/>&quot;Empowering agents with the opportunity to access weekly schedules, request time off and trade shifts with colleagues from a mobile device could be a significant means to improve job satisfaction,&quot; noted Telecom Reseller contributor Kristen Jacobsen.<br/><br/>To accommodate these changes, many experts believe a move to the cloud is inevitable. According to Destination CRM, migrating contact center operations to the cloud will reduce capital expenses, eliminate maintenance costs and allow for greater operational flexibility.<br /> &nbsp;]]></content:encoded></item>		<item><title>Understanding Habits of Successful Contact Center Agents</title><link>http://www.teletech.com/news/customer-management/understanding-habits-of-successful-contact-center-agents-800590468</link><pubDate>2011-10-05T00:00:00</pubDate><content:encoded><![CDATA[ There are several distinguishing qualities that characterize successful contact center agents, and a manager&#39;s ability to recognize and promote these important habits will go a long way toward determining the quality of operations.<br/><br/>The success and failure of contact center agents around the country was cast into the spotlight over the past few weeks as companies struggled to provide consistent customer support in the aftermath of Hurricane Irene. Several airlines had their faulty customer service practices exposed, while others rose to the occasion. With that in mind, Jack Wallen of ZDNet recently took stock of the most important traits of successful contact center agents.<br/><br/>According to Wallen, patience may be the most important quality for effective customer service. Compassion for the client will help facilitate the process, as the agent may routinely field calls from confused or frustrated employees working in high-pressure environments. The flexibility to go &quot;off-script&quot; and work with the customer to find creative solutions is also highly valued.<br/><br/>Recognizing the unique strengths and weakness of agents and putting them into situations where they can succeed should be the goal of any manager. But, as with any role, there are a number of core competencies that should be developed across the entire workforce.]]></content:encoded></item>		<item><title>Tips For Finding the Right Outsourcing Market</title><link>http://www.teletech.com/news/enterprise-management/tips-for-finding-the-right-outsourcing-market-800611932</link><pubDate>2011-10-05T00:00:00</pubDate><content:encoded><![CDATA[ There are a variety of processes that businesses can outsource to third-party professionals. The blossoming <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> industry has allowed firms to allocate control of certain operations, including accounting, customer service and information technology, to off-site professionals worldwide.<br/><br/>One of the most popular market horizontals, payroll processing, continues to take hold in both the U.S. and abroad. According to the website Smart Business, more than half of small companies decide to outsource payroll management.<br/><br/>&quot;Payroll planning, tax reporting, year-end calculations and many other tasks associated with payroll can be complicated and time-consuming, especially for small businesses,&quot; the source points out, adding that firms should be careful in how they choose their services, as some may have more expertise than others.<br/><br/>The same goes for other horizontals. Businesses should conduct research to determine which markets are most suited and experienced for their specific outsourcing demands.<br/><br/>For example, a recent survey by research firm Ovum found developing economies show strength in administrative processes such as customer service, IT and payroll processing, while developed markets focus more on innovation-focused processes, including human resources, design and research and development.]]></content:encoded></item>		<item><title>Technology May Be Endangering the Customer Experience</title><link>http://www.teletech.com/news/customer-management/technology-may-be-endangering-the-customer-experience-800610720</link><pubDate>2011-10-04T00:00:00</pubDate><content:encoded><![CDATA[ Modern business decisions are primarily driven by data and metrics, but this approach may be misguided when it comes to customer experience management (CEM). According to the 2011 Beyond Philosophy Global Customer Experience Management Survey, a number of companies are merging customer relationship management (CRM) and CEM to the detriment of their ultimate goal - customer satisfaction.<br/><br/>Companies around the world have embraced the quantitative, analytical capabilities of advanced CRM solutions in the past few years and have become quite proficient in their use. But according to My Customer, the problem with applying this mindset to CEM is that it is more culturally driven than data-driven. As a result, organizations are not seeing the results for which they had hoped.<br/><br/>&quot;The &#39;big four&#39; industries - telecoms, banking, retail, and IT - spend significant resources on CEM, comprising 63 percent of the [customer experience] market, but customer experiences with these organizations remain largely poor,&quot; the Beyond Philosophy report stated.<br/><br/>Companies must make the vital distinction between CRM and CEM if they hope to improve customer engagement and satisfaction. Trying to make the technology behind one work for the other is not only expensive, but ultimately ineffective in many cases.]]></content:encoded></item>		<item><title>Virtualizing the Contact Center for Improved ROI</title><link>http://www.teletech.com/news/contact-center-technology/virtualizing-the-contact-center-for-improved-roi-800610723</link><pubDate>2011-10-04T00:00:00</pubDate><content:encoded><![CDATA[ Achieving a strong return on investment is the goal of any business strategy, and a number of companies are finding that virtual contact centers can transform their balance sheets for the better.<br/><br/>The primary benefit of virtualizing the contact center and migrating operations to the cloud is the reduction in up-front expenses. Instead of making costly hardware purchases, companies can begin operations almost immediately by partnering with a cloud provider and transferring the bulk of IT responsibilities. The consistent monthly fee structure also takes the guesswork out of accounting procedures, and the flexibility of the platform allows for fast, simple scaling.<br/><br/>Contact centers can also leverage the flexibility of the cloud to stay on the cutting-edge of their industry. Businesses can upgrade software or opt into additional features in a matter of hours and days, rather than weeks and months. By relying on the expertise of the cloud provider, projects stay on budget with transparent expenses.<br/><br/>As a result of these technological advantages, contact center agents will be primed for success. Cloud-based operations allow for flexible schedules and at-home work arrangements that can keep employees happy and productive.]]></content:encoded></item>		<item><title>Blended Recruitment Outsourcing Can Lead to Cost Savings</title><link>http://www.teletech.com/news/enterprise-management/blended-recruitment-outsourcing-can-lead-to-cost-savings-800610742</link><pubDate>2011-10-04T00:00:00</pubDate><content:encoded><![CDATA[ A new report released this week by Everest group addresses some ongoing trends in the fields of global outsourcing and workforce management. While the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> sector continues to skyrocket on growing demand in developing markets, recruitment outsourcing is beginning to gain steam in the U.S.<br/><br/>The Everest report looks at how a blended recruitment process outsourcing [RPO] and managed service provider [MSP] program can help enterprises save up to 25 percent on costs. Demand for such outsourcing services is rising worldwide as firms look to standardize their recruitment processes, much akin to demand for outsourced customer service, IT and insurance operations.<br/><br/>&quot;While outsourcing has emerged as an efficient and effective way to manage both contingent and permanent hiring requirements, organizations have largely followed a &#39;silo&#39; approach to these core talent categories [of RPO and MSP],&quot; said Rajesh Ranjan, a research director at Everest.<br/><br/>The lack of collaboration and visibility between these two arrangements can cause firms to overlook the &quot;synergies&quot; that can be gained from central oversight, Ranjan added.]]></content:encoded></item>		<item><title>Customers Gravitating Toward New Engagement Channels</title><link>http://www.teletech.com/news/customer-management/customers-gravitating-toward-new-engagement-channels-800610123</link><pubDate>2011-10-03T00:00:00</pubDate><content:encoded><![CDATA[ As technological advances provide customers with a greater variety of ways to interact with businesses, companies would be wise to align their offerings with evolving customer preferences.<br/><br/>According to the 2011 Pew Internet and American Life Project, text messaging may be emerging as the medium of choice. Pew research suggested that 53 percent of American adults prefer a voice call to a text message. However, nearly one-third now prefer to receive text messages over phone calls.<br/><br/>Companies approaching customer relationship management (CRM) with voice over internet protocol (VoIP) and interactive voice response (IVR) strategies may still be satisfying the majority of customers, but the growing preference for text-based communication is worth noting.<br/><br/>With Pew researchers finding a strong preference for texting among respondents ages 18 through 24, it may be wise to incorporate this additional customer engagement channel into any long-term CRM strategies.<br/><br/>Understanding the demographics of one&#39;s customer base and target audience is essential when deciding upon a CRM strategy. Customer preferences seem to be evolving away from traditional voice interactions and toward social media and text-based engagement. While VoIP and IVR will likely continue to serve as cornerstones of CRM, incorporating new channels into a company&#39;s customer engagement strategy may soon become necessary.]]></content:encoded></item>		<item><title>Chinese IT Sector Boosted by BPO Demand</title><link>http://www.teletech.com/news/contact-center-technology/chinese-it-sector-boosted-by-bpo-demand-800609814</link><pubDate>2011-10-03T00:00:00</pubDate><content:encoded><![CDATA[ The Chinese economy has been skyrocketing in recent years, and as the country continues to develop a middle-class its manufacturing base is expected to be replaced by more innovation- and tech-focused markets. IT service, cloud computing and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> are a few examples of such growth industries.<br/><br/>A report released this week by CCID Consulting focuses on these trends and the need for Chinese markets to align their standards and practices with international criteria. Notably, the nation&#39;s outsourcing sector is benefiting from government support.<br/><br/>Service outsourcing is showing the strongest growth, as it contributed an estimated 13 percent of the total IT service market in 2010, according to the report. More importantly, growing demand from foreign markets - including Japan, Korea, Europe and America - is also helping to drive growth.<br/><br/>&quot;The outsourcing service extends from the low-end business process outsourcing, such as software coding and testing, to the upstream of the industry value chain, such as research development and design, knowledge management outsourcing and high-end <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a>,&quot; the report points out.<br/><br/>Analysts have projected a compound growth rate of 20.9 percent in the Chinese IT services sector from 21011 to 2013.]]></content:encoded></item>		<item><title>Healthcare, Insurance Demands Sprouting BPO Activity in the East</title><link>http://www.teletech.com/news/enterprise-management/healthcare-insurance-demands-sprouting-bpo-activity-in-the-east-800607660</link><pubDate>2011-09-30T00:00:00</pubDate><content:encoded><![CDATA[ The healthcare industry is increasingly turning to <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> as a viable strategy for growth and operational efficiency. The trend is progressing not only in the West in Asian and Pacific markets as well.<br/><br/>Many Asian <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> firms are already providing high-value services such as clinical coding, disease management, utilization reviews, revenue cycle management and pharmaceutical benefits management, according to the Philippine Daily Inquirer.<br/><br/>Healthcare services are increasing in demand worldwide as developing nations and growing populations contribute to a surge in technology and insurance costs.<br/><br/>Also, reforms in the U.S. healthcare sector have created new opportunities for BPO service providers in the east, the source points out. Even more U.S. companies are expected to outsource work to third-party providers in coming years.<br/><br/>Aside from healthcare, the U.S. insurance market is also beginning to leverage outsourcing services to improve performance and efficiency. A recent study by research firm Celent projected industry expenditures to reach $3.7 billion by 2016, up from the $2.3 billion projected this year.]]></content:encoded></item>		<item><title>Value Holds the Key to Customer Loyalty</title><link>http://www.teletech.com/news/revenue-generation/value-holds-the-key-to-customer-loyalty-800609049</link><pubDate>2011-09-30T00:00:00</pubDate><content:encoded><![CDATA[ A number of technological innovations have transformed the way businesses interact with their customers in the past few years, but despite these innovations, the ability to deliver value remains the leading priority for customers.<br/><br/>First, a distinction between price and value needs to be made. What truly drives purchasing decisions is not the price tag, but rather the perceived value the consumer is gaining from the transaction. Thus, competing on price may not be the best way to attract and retain customers.<br/><br/>&quot;The battle for shopper&#39;s loyalty should not be dictated by low price, and winning marketers are clearly getting this message,&quot; said SymphonyIRI senior vice president John McIndoe.<br/><br/>In fact, recent SymphonyIRI research suggested that brand-loyal customers often maintain their allegiance through price increases. This should be good news to manufacturers worried about rising production costs. By establishing loyalty, companies need not worry about losing customers through tough economic times.<br/><br/>According to Forbes, home improvement specialist Lowe&#39;s is putting these principles into practice. By creating a new online interaction portal, the company is hoping to find new and exciting ways to interact with its customers.]]></content:encoded></item>		<item><title>Customer Service Trumps Price in Outsourcing Partner Selection</title><link>http://www.teletech.com/news/customer-management/customer-service-trumps-price-in-outsourcing-partner-selection-800607471</link><pubDate>2011-09-29T00:00:00</pubDate><content:encoded><![CDATA[ The choice to outsource business processes or customer service operations is often motivated by financial factors, but companies that choose partners based solely on price could encounter unfortunate consequences down the line.<br/><br/>Although outsourcing can reduce operational expenses, its value will be greatly diminished if it yields a new wave of customer relationship management issues. According to the Forrester Customer Experience Index 2011, contact centers have room for improvement. Wireless, internet, and television providers - all segments that typically outsource telecommunications - ranked near the bottom of the customer satisfaction index.<br/><br/>This dissatisfaction may come at a significant cost. According to an American Express study, seven out of 10 Americans surveyed are willing to spend an average of 13 percent more on companies that provide excellent customer service.<br/><br/>Inadequate CRM strategies translate to customer loyalty - and dollars - left on the table. When choosing an outsourcing partner, companies must keep customer service top of mind. Aligning practices with client demands and consistently delivering positive experiences are key to long-term business health.]]></content:encoded></item>		<item><title>Rethinking Customer Interaction Channels</title><link>http://www.teletech.com/news/customer-management/rethinking-customer-interaction-channels-800607480</link><pubDate>2011-09-29T00:00:00</pubDate><content:encoded><![CDATA[ As consumer preferences shift toward a wider variety and greater complexity of communication methods, companies may want to rethink the structure of their current customer relationship management (CRM) systems.<br/><br/>Forrester&#39;s Q3 2011 Healthcare Online Survey gathered some valuable feedback that sheds light on evolving customer service demands. As reported by 1to1 Media, Forrester survey respondents indicated that they interact with healthcare providers across an average of 3.6 channels. Although contact center agents remain the first line of customer communication, more than half of customers reported using the company&#39;s website or interactive voice response (IVR) utilities.<br/><br/>According to 1to1 Media, the research also indicated that fewer than half of respondents were satisfied with the customer experience offered by IVR, mail, email, and instant messaging services.<br/><br/>This discrepancy should raise eyebrows in customer service departments across all industries. According to Forbes, clients are clearly looking for alternatives to the traditional contact center experience, yet service providers are not offering rewarding experiences on the emerging channels.<br/><br/>For a variety of reasons, Forbes bluntly recommended that contact center agents &quot;get off the phones.&quot; Alternative channels are not only more important to customers, they are also typically less expensive than phone systems. This approach may also help businesses become familiar with new technology as <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> continues its march toward the mainstream.&nbsp;]]></content:encoded></item>		<item><title>Will Economic Stagnation in the West Impact BPO Activity in the East?</title><link>http://www.teletech.com/news/enterprise-management/will-economic-stagnation-in-the-west-impact-bpo-activity-in-the-east-800607346</link><pubDate>2011-09-29T00:00:00</pubDate><content:encoded><![CDATA[ Fiscal crises in Europe and the U.S., as well as global economic uncertainty, continue to strike fear into investors, policy makers, consumers and business leaders over the possibility of another recession.<br/><br/>While the global <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> industry grew - and possibly even benefited - through the recession and its subsequent cost-cutting measures, continued uncertainty and stagnation in the west may now be reaching outsourcing firms in the east.<br/><br/>According to a survey by the Associated Chambers of Commerce and Industry of India, more than half of major IT and <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> firms claimed the recent downgrade of U.S. credit by Standard &amp; Poor&#39;s may hamper hiring activity in the sector, despite their insistence that they are unfazed by the move.<br/><br/>However, some economists are pointing to recent developments in western markets as signs of hope. For example, European finance ministers are scurrying to ratify a partial debt solution measure, and recent analyses in the U.S have rejected the prospect of another recession.<br/><br/>For the BPO sector, emerging markets in Asia, Africa and South American may be forced to pick up the slack where the west has stumbled.]]></content:encoded></item>		<item><title>Consumer Mobility Transforming Customer Service</title><link>http://www.teletech.com/news/customer-management/consumer-mobility-transforming-customer-service-800606224</link><pubDate>2011-09-28T00:00:00</pubDate><content:encoded><![CDATA[ The rapidly expanding use of smartphones and tablets among consumers is triggering a shift in customer service expectations and, as a result, customer relationship management (CRM) systems.<br/><br/>According to market research from IDC, more people will access the internet via mobile devices than through PCs or other wireline devices by 2015.<br/><br/>&quot;Forget what we have taken for granted on how consumers use the internet,&quot; said IDC research vice president Karsten Weide. &quot;Soon, more users will access the web using mobile devices, and it&#39;s going to make the internet a very different place.&quot;<br/><br/>The effects of this transformation will touch a variety of sectors, but it may have uniquely significant implications for customer service. According to 1to1 Media, consumers appreciate the convenience of being able to interact with companies from their mobile devices. From a business perspective, it may also be the most cost-effective way of engaging with customers.<br/><br/>Businesses that are prepared to offer quality consumer-facing mobile applications may be positioned well ahead of the curve, according to the source. The current business-to-customer mobile application market is lagging behind consumer expectations, leaving a potentially lucrative opportunity for qualified service providers.]]></content:encoded></item>		<item><title>Report: Growing SaaS Market Enables Social CRM Adoption</title><link>http://www.teletech.com/news/customer-management/report-growing-saas-market-enables-social-crm-adoption-800606622</link><pubDate>2011-09-28T00:00:00</pubDate><content:encoded><![CDATA[ According to a recent study conducted by AMI-Partners, cloud-based applications are allowing companies of all sizes to establish advanced social customer relationship management (CRM) strategies.<br/><br/>AMI&#39;s latest U.S. SMB Cloud Services Study indicated that approximately 570,000 small- and medium-sized businesses currently use some form of Software-as-a-Service CRM. However, researchers expect this figure to grow significantly in the next few years, with the market experiencing double-digit growth rates through 2015.<br/><br/>&quot;Customer engagement on social networking sites is driving SMBs to pay closer attention to their social communities,&quot; said AMI research manager Jacqueline Atkinson. &quot;But it is the influence of the cloud that affects their decision to adopt more advanced customer solutions.&quot;<br/><br/>Analysts suggested that a number of financial factors are driving this trend. Due to recent economic uncertainty, customer service and retention have emerged as leading priorities. Although companies have recognized this need in the past, investment has not always materialized. With the advent of cloud-based services, businesses can now leverage the power of <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> systems at a lower total cost of ownership.]]></content:encoded></item>		<item><title>IDC: Recession Slowed U.S. BPO Activity</title><link>http://www.teletech.com/news/enterprise-management/idc-recession-slowed-u-s-bpo-activity-800606231</link><pubDate>2011-09-28T00:00:00</pubDate><content:encoded><![CDATA[ While the <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">business process outsourcing</a> industry has been growing over the past few years, the global recession appears to have had more of an impact than many originally assumed.<br/><br/>The U.S. <a href="http://www.teletech.com/lp-key/business-process-outsourcing-bpo">BPO</a> market in particular hit a speed-bump in 2009 and 2010, as the downturn&#39;s residual effects led to a decline in total value of new and renewed contracts. There was also a significant decline in &quot;mega deals&quot; of more than $1 billion over the same period, compared to years prior.<br/><br/>These are the results of a BPO contract and market analysis study by International Data Corporation. The study also found total contract values peaked in 2008 - the year the recession began.<br/><br/>&quot;Our analysis highlights that trends in BPO vary significantly by vertical. Many industries, like government, infrastructure and services, for example, have maintained steady average contract lengths over time while lengths decreased in financial services and manufacturing,&quot; said Ruthbea Yesner Clarke, program manager at IDC&#39;s worldwide vertical markets research group.<br/><br/>Despite a slight rebound in economic activity, Clarke added, U.S. businesses remain cautious and often sign single process deals.]]></content:encoded></item>		<item><title>Implications of Social Media in the Enterprise</title><link>http://www.teletech.com/news/customer-management/implications-of-social-media-in-the-enterprise-800605120</link><pubDate>2011-09-27T00:00:00</pubDate><content:encoded><![CDATA[ Social media is fundamentally changing business communications, and customer relationship management (CRM) will need to evolve and reflect these changes.<br/><br/>The recent penetration of social media in the business community seemed nearly inevitable, as millions of people across the world gravitated toward a variety of innovative online communication platforms. Now, this phenomenon is changing the habits and expectations of consumers.<br/><br/>Social media is empowering customers like never before when making purchasing decisions. They can now gauge the opinions of friends, peruse online reviews or elicit rapid responses from companies by posting inquiries on Facebook walls and Twitter feeds. Not only are customers more aware of alternative options, but the criteria for service quality is constantly being raised.<br/><br/>To meet the challenges presented by these escalating demands, <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> competency is becoming a business imperative.<br/><br/>According to Destination CRM, the first thing companies must do is consider adapting their organizational models to address the development of more direct customer communications and mulitlayered engagement. Once the framework is operational, a focus on governance and social media training may be important as employees get up to speed on responsible and effective use of the technology.&nbsp;]]></content:encoded></item>		<item><title>Contact Centers Searching for Social CRM Best Practices</title><link>http://www.teletech.com/news/customer-management/contact-centers-searching-for-social-crm-best-practices-800604206</link><pubDate>2011-09-26T00:00:00</pubDate><content:encoded><![CDATA[ Contact center managers around the world are realizing the importance of incorporating social elements into their business offerings, but a lack of best practices may be forcing agents to learn social customer relationship management (CRM) on the job.<br/><br/>The rise of social media is having widespread implications for the global business community, but exactly what it encompasses has been hard to define. Many companies understand that social media is something they need to be incorporating into a business strategy. However, very few have a clear understanding of how to direct their efforts. This trend is especially pronounced in the contact center.<br/><br/>&quot;If you have anyone on social channels today, you are ahead of the curve,&quot; industry analyst Sheila McGee-Smith told TechTarget. &quot;There are few companies that have lots of resources allocated [within] a structured program.&quot;<br/><br/>The best way to begin any <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> venture may be to dedicate a small group of staff to explore the technology in depth. By having this small team of experts observe and listen to conversations going on in the social community, it may be easier to see where the eventual agent strategies should be focused. Once these channels are open, mastering small, high-quality interactions is essential before expanding and opening the door to a wave of new customer obligations.]]></content:encoded></item>		<item><title>Contact Centers Searching for Social CRM Best Practices</title><link>http://www.teletech.com/news/learning-services/contact-centers-searching-for-social-crm-best-practices-800604206</link><pubDate>2011-09-26T00:00:00</pubDate><content:encoded><![CDATA[ Contact center managers around the world are realizing the importance of incorporating social elements into their business offerings, but a lack of best practices may be forcing agents to learn social customer relationship management (CRM) on the job.<br/><br/>The rise of social media is having widespread implications for the global business community, but exactly what it encompasses has been hard to define. Many companies understand that social media is something they need to be incorporating into a business strategy. However, very few have a clear understanding of how to direct their efforts. This trend is especially pronounced in the contact center.<br/><br/>&quot;If you have anyone on social channels today, you are ahead of the curve,&quot; industry analyst Sheila McGee-Smith told TechTarget. &quot;There are few companies that have lots of resources allocated [within] a structured program.&quot;<br/><br/>The best way to begin any <a href="http://www.teletech.com/lp-key/social-crm">social CRM</a> venture may be to dedicate a small group of staff to explore the technology in depth. By having this small team of experts observe and listen to conversations going on in the social community, it may be easier to see where the eventual agent strategies should be focused. Once these channels are open, mastering small, high-quality interactions is essential before expanding and opening the door to a wave of new customer obligations.]]></content:encoded></item>		<item><title>Uganda Latest African Nation to Show BPO Potential</title><link>http://www.teletech.com/news/enterprise-management/uganda-latest-african-nation-to-show-bpo-potential-800603057</link><pubDate>2011-09-23T00:00:00</pubDate><content:encoded><![CDATA[ The business process outsourcing industry continues to gain a footing in Africa, as developing economies begin to show strong potential in customer service, IT and finance horizontals.<br/><br/>In Machakos, Kenya, developers are set to break ground on a massive business park that hopes to bolster the country&#39;s emerging BPO sector. Meanwhile, the Rockefeller Foundation recently touted the potential of Ghana&#39;s outsourcing market, suggesting international demand could help employ 780,000 Ghanaians by 2015.<br/><br/>Ugandan officials have begun to stress the importance of BPO in expanding the country&#39;s global market potential. However, Information and Communication Technology Minister Ruhakana Rugunda recently pointed out that the country faces some challenges in training and maintaining a qualified workforce to fill positions.<br/><br/>At a meeting in Kampala this week, Rugunda urged operators to focus on building skilled and educated manpower in order to expand their enterprises.<br/><br/>&quot;The minister has revealed that the country will soon launch its first national fiber optic cables network that will make internet available in all districts in the country,&quot; reports UG Pulse.]]></content:encoded></item>		<item><title>Evolving Contact Center Operations With New Innovations</title><link>http://www.teletech.com/news/customer-management/evolving-contact-center-operations-with-new-innovations-800602014</link><pubDate>2011-09-22T00:00:00</pubDate><content:encoded><![CDATA[ With customer expectations and market competition on the rise, contact center managers may be wise to embrace new innovations that can help distinguish their operations from the rest of the pack.<br/><br/>Advanced technology can be either a blessing or a curse in contact center operations. The implementation of social customer relationship management (CRM) systems opens the gates to a flood of valuable information that can be leveraged for enhanced customer engagement. But keeping up with the complexity of these and other technologies is proving difficult for a number of customer service providers.<br/><br/>According to a recent industry study from Knowlagent, 30 percent of responding companies view their contact center technology as behind the curve. Also, only one in four respondents indicated that their firms respond to customer inquiries through social network channels.<br/><br/>To meet and exceed customer expectations, industry expert Ernie Wallerstein identified several emerging technological competencies that contact centers would be wise to develop. In a recent column for Telecom Reseller, Wallerstein suggested that managers implement skills-based routing systems that put the customer in front of the most qualified agent quickly and easily. Multimedia queuing may also be a smart strategy as it allows agents to reply to customer inquiries across all channels in a timely manner.]]></content:encoded></item>		<item><title>Ovum: Developed BPO Economies Focusing on Innovation-Related Horizontals</title><link>http://www.teletech.com/news/enterprise-management/ovum-developed-bpo-economies-focusing-on-innovation-related-horizontals-800601475</link><pubDate>2011-09-22T00:00:00</pubDate><content:encoded><![CDATA[ The growing business process outsourcing industry is beginning to sprout new markets and customer horizontals according to certain geographical regions.<br/><br/>More specifically, developed economies are beginning to take on more innovation-focused BPO services - such as human resource, design and research and development - while developing markets are focusing on internal administrative processes, including customer service and payroll processing.<br/><br/>These are the findings of a study released this week by Ovum. Overall, the research firm projects Asia-Pacific BPO revenues of more than $17 billion in 2015. The increase marks a compound annual growth rate of 9.3 percent over the $11 billion generated in 2010.<br/><br/>Last month, research firm Gartner projected the Asia-Pacific regions will grow by 17.9 percent this year, compared to a mere 6.3 percent worldwide.<br/><br/>&quot;BPO eliminates the need to invest in people and systems to manage non-core processes, potentially reducing costs and increasing efficiency,&quot; said analyst Hansa Iyengar, adding that organizations are beginning to move away from single vendor deals and are diversifying their risks and investments.]]></content:encoded></item>		<item><title>Finding a Working Balance in the Buyer-Provider Relationship</title><link>http://www.teletech.com/news/customer-management/finding-a-working-balance-in-the-buyer-provider-relationship-800600235</link><pubDate>2011-09-21T00:00:00</pubDate><content:encoded><![CDATA[ Just as in any business-to-business or buyer-seller relationship, parties engaged in a business process outsourcing contract have competing interests. While the provider wants to maximize profits and reduce operational expense, the buyer wants to leverage minimal costs in exchange for maximum return on investment.<br/><br/>The appeal of outsourcing has long been the ability to enhance aspects of business processes by outsourcing them to experts while reducing the cost of keeping them in-house. As the global BPO industry has skyrocketed over the past decade or so, it follows that top outsourcers have been able to satisfy buyers&#39; demands for such a service.<br/><br/>Still, it can be a challenging to align the interests of both parties. The key is in recognizing the need for some sort of balance.<br/><br/>&quot;This generally begins when both the buyer and the provider understand each other&#39;s key business drivers and work to achieve a common ground that meets as many of them for both sides as possible,&quot; writes Adam Cummins for Business Finance magazine.<br/><br/>This may mean buyers not pushing too hard for ideal pricing, he adds, as that may reduce quality. On the other side, suppliers may need to embrace the inevitability of risk.]]></content:encoded></item>		<item><title>Healthcare to be a Key Driver of BPO Activity in the U.S.</title><link>http://www.teletech.com/news/enterprise-management/healthcare-to-be-a-key-driver-of-bpo-activity-in-the-u-s-800599027</link><pubDate>2011-09-20T00:00:00</pubDate><content:encoded><![CDATA[ As the 2009 Patient Protection and Affordable Care Act continues to be implemented in the U.S., industry leaders are scurrying to make the transition to a value-driven system that rewards top performers.<br/><br/>While the ability to rein in expenses will continue to be a challenge, many businesses are beginning to turn toward healthcare outsourcing as a means of optimizing procedures and personnel standards. Specifically, business process outsourcing is being leveraged to streamline systems.<br/><br/>&quot;Business process outsourcing presents an additional, highly effective strategy for improving on the gains of integrated, efficient enterprise systems,&quot; reports IT consulting firm The TriZetto Group. &quot;Medical-loss ratio rules require that at least 80 cents of every premium dollar be spent on direct patient care, and BPO services can help minimize the amount that payers spend on administration.&quot;<br/><br/>Member enrollment, premium billing, claims administration, customer service and other functions have all been outsourced in some fashion by leading healthcare firms in the U.S.<br/><br/>A recent Gartner report concluded that healthcare is one of the key verticals expected to drive worldwide growth in coming years, alongside retail, transportation and utiities.]]></content:encoded></item>		<item><title>Leveraging Data for Improved Customer Experiences</title><link>http://www.teletech.com/news/customer-management/leveraging-data-for-improved-customer-experiences-800599340</link><pubDate>2011-09-19T00:00:00</pubDate><content:encoded><![CDATA[ Providing positive customer experiences should be a top priority for any company, and by making technology work in their favor, managers can leverage customer data for business success.<br/><br/>Companies can now call upon more data than ever before when analyzing the demands of their customers and designing strategies to keep them satisfied. Customer relationship management (CRM) systems give managers a detailed account of how, when and why customers interact with a business, from initial contact as a prospect through to their time as a returning customer and brand advocate. And with the advent of <a href="http://www.teletech.com/lp/social-crm">social CRM</a>, companies can seek out additional insight found in customer social media activity.<br/><br/>&quot;This data can provide the operator with an endless stream of business intelligence,&quot; customer service expert Brian Carroll recently told Pipeline Magazine. &quot;[But] despite the fact that carriers have invaluable customer data at their disposal, they remain stubbornly network-focused rather than using this information to become more customer-centric.&quot;<br/><br/>Web analytics systems, customer experience measurement systems and social listening initiatives can all help amass valuable customer data sets, according to ClickZ. However, if this data gets lost in the shuffle or remains dormant, it is drained of all value. Instead, successful businesses are using the data as the fundamental building blocks of future experiences intended to satisfy and delight the customer.]]></content:encoded></item>		<item><title>Economic Uncertainties Place Premium on Customer Satisfaction</title><link>http://www.teletech.com/news/customer-management/economic-uncertainties-place-premium-on-customer-satisfaction-800598277</link><pubDate>2011-09-19T00:00:00</pubDate><content:encoded><![CDATA[ As economic turmoil makes client retention more important than ever, companies should look toward more proactive means of monitoring customer satisfaction so they can make timely improvements that foster positive interactions.<br/><br/>Despite revolutions in customer relationship management (CRM) solutions, the customer service field has had a habit of clinging to outmoded tactics. Marco Pacelli of Business Insider recently suggested that placing too much emphasis on customer surveys is impeding the progress of a number of businesses. Such exercises typically draw responses from a disproportionate amount of disgruntled customers, and even positive reviews are not always synonymous with customer loyalty and profitability.<br/><br/>Instead of waiting for feedback to come to it, the company should be proactively discovering, storing and analyzing this information. The wealth of customer data created across all channels can and should be synthesized via analytical databases that draw meaningful conclusions and aid strategy development. Customer satisfaction is too important to leave to faulty studies and educated guesses - it should be prioritized as a key business metric.<br/><br/>According to a recent Symphony IRI market research report acquired by iStockAnalyst, brand loyalty has remained strong across a variety of sectors despite pricing changes and other economic factors. This seems to suggest that the quality of a business-customer relationship is assessed in much more than dollars and cents.]]></content:encoded></item>		<item><title>Distinguishing Brand Loyalty from Repeat Business</title><link>http://www.teletech.com/news/customer-management/distinguishing-brand-loyalty-from-repeat-business-800598269</link><pubDate>2011-09-16T00:00:00</pubDate><content:encoded><![CDATA[ Client retention is a noble and important aim in any business operation, but the similar-yet-distinct concept of brand loyalty is a much more powerful indicator of company success.<br/><br/>Business growth relies on the ability to target and convert new prospects, but the ability to retain current customers may be even more significant for ensuring brand health and financial solvency. As such, companies are deploying a variety of tactics, including online loyalty programs full of special coupons and rewards for returning customers. However, loyalty programs may be a bit of a misnomer, as brand loyalty is a more nuanced concept than simple client retention.<br/><br/>&quot;Loyalty is about creating purchasing habits to a point to which an emotional connection between the brand and the customer are the proxy,&quot; suggested MediaPost contributor David Baker.<br/><br/>As companies develop brand loyalty strategies, Baker noted a few key ideas to keep in mind. First, rewards and loyalty are not synonymous. When the former goes away, so does the latter. Also, loyalty derives from in-depth engagement and involvement. The deeper and more rewarding a brand experience is, the better. And finally, companies must have the courage and confidence to develop their own strategies, as simply mirroring behavior of perceived leaders can do more harm than good in many cases.]]></content:encoded></item>		<item><title>The Benefits of BPO-Related Technologies</title><link>http://www.teletech.com/news/contact-center-technology/the-benefits-of-bpo-related-technologies-800597009</link><pubDate>2011-09-15T00:00:00</pubDate><content:encoded><![CDATA[ While it&#39;s clear that the business process outsourcing industry has skyrocketed over the past decade or so, the reasons behind this surge are less evident.<br/><br/>For one, globalization has permitted emerging economies to apply their own resources toward competing in international markets. More importantly, technology has enabled enterprises to communicate and interact with foreign clients with speed and efficiency previously unseen.<br/><br/>For that matter, BPO firms have continued to focus on technological developments and how such innovations can grow their industry.<br/><br/>&quot;Customers are keen to know what the next big thing is and service providers need to stay on their toes to continually deliver new offerings to accelerate value delivery in a more sustained manner,&quot; writes Nithya Ramkumar for SourcingFocus.com.<br/><br/>&quot;The stress is on new innovations that create more standardised process models to improve efficiencies, reduce costs, and leverage best practices,&quot; she adds.<br/><br/>BPO technologies have and will continue to improve a number of operations, including the ability to monitor remote workforces, integrate buyers and service providers, improve communication, and reduce human error. Customers are also better able to leverage precise data and analytics to inform their outsourcing strategies.]]></content:encoded></item>		<item><title>Report: Customers Desire Speed and Quality from Contact Centers</title><link>http://www.teletech.com/news/customer-management/report-customers-desire-speed-and-quality-from-contact-centers-800595121</link><pubDate>2011-09-14T00:00:00</pubDate><content:encoded><![CDATA[ A collaborative research report from communication solutions provider Avaya and Forrester Research has revealed the qualities most admired by customers when interacting with contact center agents.<br/><br/>According to the Global Contact Center Consumer Preference Report, speed and quality of service are the two most important criteria for customer satisfaction.<br/><br/>&quot;Based on this survey the message from consumers is clear - time is money,&quot; noted Avaya spokesman Lee Shorten. &quot;The less time they spend interacting with your contact center the happier, more loyal, and more lucrative they will be.&quot;<br/><br/>But, as is often the case in customer relationship management (CRM), quality cannot be sacrificed for quantity. Nearly one in four global survey respondents indicated that good customer service and value for money were the two most important factors influencing brand loyalty decisions.<br/><br/>Contact center managers would be wise to take this feedback into account when evolving their CRM systems. Providing agents with detailed and accurate customer profiles will help speed the delivery of quality service and improve first-call resolution rates. Providing customer-facing solutions across a variety of channels may also be important in a time-conscious culture. The survey indicated that a third of European consumers would appreciate more mobile phone applications for resolving customer service issues.]]></content:encoded></item>		<item><title>CRM Success Starts at the Top</title><link>http://www.teletech.com/news/customer-management/crm-success-starts-at-the-top-800595146</link><pubDate>2011-09-14T00:00:00</pubDate><content:encoded><![CDATA[ Recent evolutions in software technology have made customer relationship management (CRM) systems increasingly powerful, but without proper direction from managers, customer service agents are unlikely to realize the full potential of the utility.<br/><br/>The strong adoption rate of CRM systems is no surprise, considering how important it is to manage data and create personalized experiences at all levels of customer interaction. But despite validation from business managers, the increasingly convoluted and technically complex definition of the concept is leading to ineffective deployments and fragmented usage. According to CRM Buyer, most companies would be best served by appointing a &quot;champion&quot; of the implementation project to monitor progress and power through any setbacks.<br/><br/>Leaders are encouraged to start small and combat early resistance to operational changes. Beginning with a small test group or restricting the pilot program to one department could help win over crucial converts, according to the source. After these early successes are achieved and publicized, all stakeholders can be brought into the fold and educated on best practices. Once the new system takes hold, champions need to harness the momentum and move forward while user morale is still high.<br/><br/>Remedial technical training may be needed for optimal CRM use, but without an overarching change in organizational culture, such efforts may be in vain.]]></content:encoded></item>		<item><title>Filipino President Travels to Promote Country's BPO, Investment Opportunities</title><link>http://www.teletech.com/news/enterprise-management/filipino-president-travels-to-promote-country-s-bpo-investment-opportunities-800595967</link><pubDate>2011-09-14T00:00:00</pubDate><content:encoded><![CDATA[ Gartner has estimated the Asia/Pacific business process outsourcing sector will grow by 17.9 percent this year, compared to a mere 6.3 percent worldwide and 3.8 percent in North America. But even as the Asian BPO industry continues to outpace its overseas competitors, the need to improve ties with leaders in foreign markets continues to grow.<br/><br/>In the Philippines, for example, leaders have recognized the immense economic potential of the country&#39;s BPO sector and have already begun establishing ties with officials in the U.S.<br/><br/>Next week, President Benigno Aquino will meet with top executives of American BPO firms, as well as a number of business groups, during his three-day visit to New York and Washington D.C., according to the Manila Bulletin.<br/><br/>&quot;Whenever the President meets with businessmen, he will always encourage our investors to put more investments into the country, especially that we have something to offer also,&quot; industry assistant secretary Glenn Penaranda told the source.<br/><br/>Aquino will also attend the launch of the Open Government Partnership, led by U.S. President Barack Obama and Brazil President Dilma Rousseff.]]></content:encoded></item>		<item><title>Supply Chain Management As An Outsourced Business Process</title><link>http://www.teletech.com/news/enterprise-management/supply-chain-management-as-an-outsourced-business-process-800594992</link><pubDate>2011-09-14T00:00:00</pubDate><content:encoded><![CDATA[ As globalization progresses and emerging economies continue to enter new markets, supply networks are becoming increasingly complex and multi-faceted. Aside from the surge in demand for industry talent and education, management of the supply chain is becoming a popular channel for outsourced processes.<br/><br/>Of course, many firms are wary of entrusting the management of their supply networks to third parties. However, many analysts point to recent technological advances that allow for more comprehensive analysis of logistics as evidence of renewed faith in the channel.<br/><br/>&quot;Companies must focus on what they can do best and appropriately outsource activities that value chain partner can do better,&quot; Michael Dominy, a research director at Gartner, told Procurement Leaders. &quot;This often means using logistics, manufacturing or business process outsourcing partners, instead of performing these supply chain activities themselves.&quot;<br/><br/>While procurement and supply management are not likely to surpass a process such as IT in terms of outsourcing capacity, experts maintain that it is, nonetheless, a process. As innovation in logistics technology further allow firms to automate their network, the BPO appeal of supply management is only expected to flourish.]]></content:encoded></item>		<item><title>Choosing the Best VoIP Provider</title><link>http://www.teletech.com/news/contact-center-technology/choosing-the-best-voip-provider-800593623</link><pubDate>2011-09-12T00:00:00</pubDate><content:encoded><![CDATA[ With the hosted voice over internet protocol (VoIP) market becoming increasingly competitive, customers now have the power of choice and should take the opportunity to ask the tough questions before partnering with a vendor.<br/><br/>According to <a href="http://newyork.dbusinessnews.com/shownews.php?articletitle=Key%20factors%20for%20selecting%20a%20Hosted%20VoIP%20Provider&amp;newsid=242475&amp;type_news=latest&amp;s=sbcn" target="_blank">dBusinessNews</a>, comparing hosted VoIP solutions on the basis of price only may be a shortsighted strategy, as short-term savings may come at the expense of future productivity and customer satisfaction. There are a number of additional factors that distinguish top providers from their competition and can make a significant impact on the ultimate success of company operations.<br/><br/>One important hallmark of a quality service provider is its willingness to work with clients to tailor and customize systems, according to the source. VoIP systems must align with business objectives, whether that means round-the-clock customer support or location-specific routing procedures. Vendors should also be able and willing to educate partners on not only how to manage, but to leverage VoIP for continued business success.<br/><br/>The latest <a href="http://www.marketwatch.com/story/us-hosted-ip-telephony-market-to-see-double-digit-growth-by-2017-companiesandmarketscom-2011-09-05" target="_blank">research</a> from CompaniesandMarkets.com indicated that customer base of the U.S. market for unified communications solutions market may experience a 32.7 percent compound annual growth rate through 2017. To attract their business, VoIP providers must rise to the occasion and distinguish themselves with unique offerings.&nbsp;]]></content:encoded></item>		<item><title>Philippines Bolsters BPO Talent Pool</title><link>http://www.teletech.com/news/enterprise-management/philippines-bolsters-bpo-talent-pool-800593929</link><pubDate>2011-09-12T00:00:00</pubDate><content:encoded><![CDATA[ Filipino government officials continue to recognize the importance of their domestic business process outsourcing (BPO) market and have renewed their committment to enhance the nation&#39;s talent pool.<br/><br/>&quot;After experiencing rapid growth over the past few years, the industry is looking for ways to sustain its talent supply,&quot; said Business Processing Association of the Philippines (BPAP) spokesman Raymond Lacdao, according to the Philippine Daily Inquirer. &quot;We need a robust pool of skillful and motivated to workers to spur further growth.&quot;<br/><br/>BPAP directors have recently implemented the Global Competitiveness Assessment Tool as a means of gauging the knowledge and skills of graduating students. The technology sector is also placing increased focus on certification, talent management programs, and outreach initiatives targeted at boosting English language competency.<br/><br/>The government has also been instrumental in raising capital for a newly designed enterprise information technology park. As construction teams ready the facility for a 2013 debut, project managers are optimistic that the investment will motivate leading companies to establish operations in the country.<br/><br/>According to a BPAP strategic roadmap, the cooperation of public and private sectors could lead to a $25 billion Filipino BPO market capable of employing 1.3 million citizens.]]></content:encoded></item>		<item><title>Extending the Reach of CRM Systems</title><link>http://www.teletech.com/news/customer-management/extending-the-reach-of-crm-systems-800592587</link><pubDate>2011-09-09T00:00:00</pubDate><content:encoded><![CDATA[ By augmenting current customer relationship management (CRM) systems to facilitate two-way communications, companies can leverage the technology for previously unattainable benefits.<br/><br/>Traditionally, CRM systems have served as something of a storage center for a range of important data that can be used to inform and improve customer interactions. But according to Destination CRM, leading companies are now finding ways to extend the reach of the technology and open their systems to increase customer engagement.<br/><br/>By combining CRM with customer engagement solutions across multiple platforms, customer service agents will be able to gather insight through the company website, social media utilities, and even online forums. This valuable data will reveal not only how and why customers are interacting with a business, but what they took away from the experience.<br/><br/>One simple way to connect with customers is through the provision of quality resources, according to the news outlet. By populating the company website with a variety of knowledge bases and posting detailed FAQs, business allow a simple but important self-service model that will likely be appreciated by the customer.<br/><br/>These small but helpful strategies can give a company unique perspective on the habits and demands of its customers. But unless all data is properly integrated and analyzed, agents will not be able to make the most of its potential.]]></content:encoded></item>		<item><title>BPO Leaders Gather in New York for Global Sourcing Conference</title><link>http://www.teletech.com/news/enterprise-management/bpo-leaders-gather-in-new-york-for-global-sourcing-conference-800593051</link><pubDate>2011-09-09T00:00:00</pubDate><content:encoded><![CDATA[ The fourth annual World BPO/ITO Forum 2011 was held in New York City this week and featured a number of distinguished speakers from a variety of industries.<br/><br/>The event was attended by more than 250 C-level executives from the information technology and business process outsourcing industries. It featured more than 20 industry-related topics and discussions including cloud computing and mobility, innovation potential, SLA structuring, risk management and the economic and social impact of global sourcing.<br/><br/>Keynote speaker and former U.S. Treasury Secretary Lawrence Summers bluntly asserted the position of that gathering, stating &quot;we should not oppose offshoring or outsourcing.&quot;<br/><br/>Jim Noble, Chairman of the World BPO/ITO Forum and senior vice president at Talisman Energy, expanded on the potential of outsourcing in a globalized economy.<br/><br/>&quot;Global Sourcing has become a transformational lever that can empower businesses to take on new competition,&quot; Noble said in a statement. &quot;This exclusive Forum provided opportunities to interact, learn and share issues, challenges and solutions from some of the world&#39;s leading thought leaders on the economic, political and technical impact of Global Sourcing.&quot;]]></content:encoded></item>		<item><title>Global Fiscal Crises Yet to Show Slowdown in BPO Markets</title><link>http://www.teletech.com/news/enterprise-management/global-fiscal-crises-yet-to-show-slowdown-in-bpo-markets-800592045</link><pubDate>2011-09-08T00:00:00</pubDate><content:encoded><![CDATA[ It&#39;s been difficult to evaluate the full impact of the global financial slowdown on growth markets, as investments in emerging economies have been scaled back in light of rampant fiscal uncertainty and sovereign debt crises.<br/><br/>For example, the business process outsourcing sector, an industry that has grown wildly over the past decade, has likely not experienced the full breadth of its economic potential, despite recent projections by Frost &amp; Sullivan that showed annual industry growth of 8.3 percent over the next five years.<br/><br/>In the Philippines, where BPO is rapidly becoming the backbone of the nation&#39;s economy, revenues are expected to drive national growth in coming years. However, challenges of international competition, rising costs and staff shortages may arise as the country seeks to maintain its full market potential.<br/><br/>&quot;The stable outlook encapsulates our expectation that remittances and BPO receipts will continue to drive current account surpluses,&quot; stated Standard &amp; Poor&#39;s credit analyst Agost Benard, according to Business World Online, &quot;while prevailing government debt and interest burdens and the weak fiscal profile will take time to resolve.&quot;]]></content:encoded></item>		<item><title>Social Customers Inspiring CRM Revolution</title><link>http://www.teletech.com/news/customer-management/social-customers-inspiring-crm-revolution-800589344</link><pubDate>2011-09-02T00:00:00</pubDate><content:encoded><![CDATA[ The expanding volume and power of social customers will change the way companies do business in the coming years, and smart firms are taking the time to understand the market phenomenon today.<br/><br/>Social media has been used for a variety of less than noble applications since its inception, but one of the undeniable merits of the technology is its ability to empower consumers. Before making a purchase, customers now have a wealth of new ways to inform their decision. As a result, competitive businesses are looking for ways to revise and revamp their current customer relationship management (CRM) systems.<br/><br/>&quot;Give customers information to make informed decisions on how to deal with you,&quot; industry expert Paul Greenberg told 1to1 Media. &quot;Then, listen to them and take action based on what they are saying.&quot;<br/><br/>This may sound simple, but these fundamentals have never been more important. Every customer interaction is now amplified as both positive and negative experiences can be aired to the online world.<br/><br/>Helping companies grasp these concepts and foster strong client relations will be a very profitable pursuit for solutions providers in the coming years. An industry forecast from Gartner have predicted that the <a href="http://www.teletech.com/lp/social-crm">social CRM</a> market may surpass $1 billion in revenue by the end of next year.]]></content:encoded></item>		<item><title>CRM Integration Key for Call Center Operations</title><link>http://www.teletech.com/news/customer-management/crm-integration-key-for-call-center-operations-800588676</link><pubDate>2011-09-01T00:00:00</pubDate><content:encoded><![CDATA[ A new report from TMCnet found that call centers using highly capable customer relationship management (CRM) solutions often run smoother and offer superior service to customers phoning with an issue or complaint.<br/><br/>Highly capable CRM enables workers to recall a customer&#39;s history quickly and respond to inquiries with knowledge. In the past, hold times may have been extended as a result of poor data availability. However, technological advances, such as Software-as-a-Service (SaaS), have made it easier and more affordable for businesses to deploy CRM throughout their organization.<br/><br/>According to the news provider, some businesses have been hesitant to implement SaaS due to issues of security or other concerns. Those companies, TMCnet reported, may struggle to compete with other organizations that have successfully introduced CRM solutions into their call center operations. Additionally, using on-premise CRM rather than SaaS may prevent the solution from being used throughout the enterprise, as traditional software licensing can be more expensive than SaaS.<br/><br/>SaaS solutions, including CRM, have become a major element of enterprise IT departments. In fact, former federal chief information officer Vivek Kundra recently contributed an editorial to the New York Times calling for more companies to use the cloud.]]></content:encoded></item>		<item><title>Outsourcing Clients Want Innovation, Experts say</title><link>http://www.teletech.com/news/contact-center-technology/outsourcing-clients-want-innovation-experts-say-800586943</link><pubDate>2011-08-31T00:00:00</pubDate><content:encoded><![CDATA[ The Asian IT-BPO sector is growing faster than any other market in the world. As companies seek to streamline their operations and reduce costs, the skills force of Asian nations is growing to meet such demands.<br/><br/>However, a number of industry analysts are beginning to question the principle motivator for outsourcing processes, which has traditionally been viewed as a matter of reducing costs and enhance productivity levels.<br/><br/>Manila Bulletin contributor Michael Alan Hamlin argues that buyers are beginning to demand innovation from their services - and not just incrementally, he adds. They want &quot;radical&quot; new technologies and offerings.<br/><br/>&quot;And while IT-BPO clients are interested in all the buzzwords - Web 2.0 communications channels like social media and blogs as well as emerging technologies like cloud computing, SaaS, virtual assistants, and the like - clients expect their services providers to lead and manage fundamental, meaningful, impactful service innovation,&quot; Hamlin writes for the source.<br/><br/>It appears as though Asian markets will have plenty of breathing room to foster such innovation. Last week, Gartner reported the Asia-Pacific BPO industry will grow by 17.9 percent this year, compared to only 6.3 percent worldwide.]]></content:encoded></item>		<item><title>BPO Expert Calls For Innovation From CIOs</title><link>http://www.teletech.com/news/enterprise-management/bpo-expert-calls-for-innovation-from-cios-800587809</link><pubDate>2011-08-31T00:00:00</pubDate><content:encoded><![CDATA[ During the recently concluded World BPO/ITO Forum 2011, presenter Emmet Keeffe stressed the need for more innovative thinking among top level executives.<br/><br/>According to Keeffe, the &quot;new normal&quot; within global sourcing operations requires more evolved thinking from chief information officers hoping to inspire improved communication and collaboration with business partners. For many companies, this may mean a fundamental transition in the strategies, processes and tools used by IT administrators. And despite this possible complexity of technological changes, clinging to traditional modes of thought will not serve executives well.<br/><br/>These sentiments were echoed during a separate presentation from economist Lawrence Summers, former director of the White House National Economic council.<br/><br/>&quot;There are those today who would resist the process of international integration; that is a prescription for a more contentious and less prosperous world,&quot; said Summers. &quot;We should not oppose outsourcing.&quot;<br/><br/>This significance of this message was underscored by its strong international support. Delegates from destinations as far away as the Philippines, Brazil and Poland were in attendance at the California conference.<br/><br/>Industry forecasts from earlier in the year predicted that the global business process outsourcing (BPO) market may surpass $930 billion by 2015. But with more companies embracing innovative technology and new countries coming into the fold, even that impressive figure could be a conservative estimate.&nbsp;]]></content:encoded></item>		<item><title>Moving Beyond Customer Satisfaction Surveys</title><link>http://www.teletech.com/news/customer-management/moving-beyond-customer-satisfaction-surveys-800586406</link><pubDate>2011-08-30T00:00:00</pubDate><content:encoded><![CDATA[ Businesses in a variety of industries have consistently relied on customer satisfaction surveys as a simple, affordable means of gauging consumer opinions. However, many are beginning to question the validity of this tactic and believe it may be doing more harm than good.<br/><br/>According to Mark Brown of Business Finance, the main problem with customer satisfaction surveys is that they are disproportionately prone to revealing customer aggravation instead. Customers often neglect these surveys entirely unless they have a negative experience to report. Confusing questions or the absence of a company response may aggravate the customer further.<br/><br/>Even formal research methods such as focus groups have their shortcomings. Recent reports from the American Customer Satisfaction Index revealed declining approval ratings for U.S. auto manufacturers. However, the research did little to delineate what the car companies have corrected in recent years and how they&#39;ve regressed.<br/><br/>Alternatively, Brown believes there may be extensive benefits to measuring customer aggravation directly. This metric will allow companies to gather valuable information more frequently and with less effort. The data is also more actionable as it will relate to specific experiences that can be addressed in the future.<br/><br/>Regardless of how companies decide to design and populate their customer relationship management (CRM) databases, it is important to remember that customer satsifaction and loyalty are not synonomous. Businesses must challenge themselves to find new ways of impressing current clients and attracting new ones. &nbsp;]]></content:encoded></item>		<item><title>Taking the Guesswork out of Customer Satisfaction</title><link>http://www.teletech.com/news/customer-management/taking-the-guesswork-out-of-customer-satisfaction-800585651</link><pubDate>2011-08-30T00:00:00</pubDate><content:encoded><![CDATA[ Knowing a customer&#39;s name and most recent transactions are no longer sufficient for retaining their loyalty, or their business. No matter how many customer&#39;s a company has on their books, they all want to be recognized and respected as individuals. And to achieve this lofty goal, companies will have to leverage advanced customer relationship management (CRM) tools that can put relevant, detailed information at their fingertips.<br/><br/>The information that is gathered, managed and distributed to customer service agents is the basis for all interactions, and needs to align with customer expectations. But, according to Forbes, these expectations have risen exponentially in recent years with companies processing and remembering client information more effectively.<br/><br/>Companies are now raising the bar and digging deeper into social media, blogs and all levels of digital identity to build more intelligent customer profiles. But as companies add new fields and push the limits of CRM databases, managing and prioritizing this wealth of data will be crucial. Technological advancements will only be useful if they contribute to rewarding customer experiences.]]></content:encoded></item>		<item><title>Retaining Customer Satisfaction Through Trying Times</title><link>http://www.teletech.com/news/customer-management/retaining-customer-satisfaction-through-trying-times-800585417</link><pubDate>2011-08-29T00:00:00</pubDate><content:encoded><![CDATA[ Hurricane Irene may not have lived up to meteorological expectations, but the storm was certainly strong enough to disrupt normal business operations for companies large and small. In these difficult times, strong and flexible customer service may be particularly appreciated.<br/><br/>The travel industry may have been struck hardest by Hurricane Irene as companies had to work with customers before, during and after the storm to coordinate revised itineraries. With customer service systems tested to their limits, many failed to step up to the challenge.<br/><br/>ZDNet columnist Michael Krigsman experienced more than his fair share of frustration dealing with United Airlines this past weekend. His quest to even get in contact with a company representative was delayed by faulty voice reponse routing error and what the system referred to as a &quot;fatal error.&quot; After hours on hold, the service agent continued to dissapoint with uninformed and inconsistent responses.<br/><br/>According to TMCNet, a similar customer service fiasco may have cost JetBlue $30 million by clinging to a non-cancellation policy at the height of a winter storm.<br/><br/>Customer relationship management (CRM) can be difficult even under optimal circumstances. But when unforeseen disaster strikes, faulty systems are quickly exposed. Implementing a strong and flexible CRM solution, with in-house or outsourced resources, may allow companies to gain a loyal following by exceeding expectations and thriving where others have failed.]]></content:encoded></item>		<item><title>Uncovering the Power of Call Center Analytics</title><link>http://www.teletech.com/news/customer-management/uncovering-the-power-of-call-center-analytics-800584560</link><pubDate>2011-08-29T00:00:00</pubDate><content:encoded><![CDATA[ In the era of social customer relationship management (CRM), the significance of each and every customer interaction has been amplified. To make sure agents are satisfying these evolving client demands, call center managers may have to review how they analyze operations.<br/><br/>Customers around the world are leveraging the power of social media to gain significant voice in the business community. A string of negative online reviews can doom an otherwise successful business while a single blog post can completely transform how a brand is perceived. For agents at hosted contact centers, this means the consequences of lackluster customer service interactions are more significant than ever.<br/><br/>As contact center managers are required to make the most of tight budgets, it is nearly impossible to dedicate the full scope of their attention and resources to every customer. However, strong call center analytics can go a long way toward sustaining high service standards.<br/><br/>According to DestinationCRM, contact centers often generate more data than any other department within an organization. The majority of companies already collect a wealth of call- and customer-related data, but much of it is lying dormant on isolated or incompatible platforms. Savvy businesses integrating this wealth of information have already identified a variety of efficiency opportunities. Instead of throwing money at CRM issues, companies may benefit by making better use of what they already have at their fingertips.]]></content:encoded></item>		<item><title>Filipino Public and Private Sectors Collaborate on BPO</title><link>http://www.teletech.com/news/enterprise-management/filipino-public-and-private-sectors-collaborate-on-bpo-800583320</link><pubDate>2011-08-26T00:00:00</pubDate><content:encoded><![CDATA[ The Philippines has emerged as a significant hub for business process outsourcing (BPO) operations in recent years. To build on this success, governement officials and industry leaders have recently renewed their dedication to BPO growth with collaborative projects.<br/><br/>Budget secretary Florencio Abad recently revealed plans to provide additional funding to private sector business to offer enhanced training programs to the nation&#39;s growing BPO workforce. By bolstering business fundamentals, officials expect the industry to generate $20 billion in annual revenue by 2016.<br/><br/>The government will work with the Business Processing Association of the Philippines (BPAP) to expand the industry&#39;s workforce and create 3.15 million jobs over the next five years. Technical training programs will receive additional funding to offer more scholarships and place additional focus on trainer development.<br/><br/>The public sector&#39;s continued support for BPO is attracting attention from companies around the world looking for ways to affordably increase productivity. Several Japanese firms dealing with the aftermath of natural disaster are already looking to Filipino BPO operations as a means of ensuring business continuity.]]></content:encoded></item>		<item><title>Kenya to Break Ground on Massive BPO Park</title><link>http://www.teletech.com/news/enterprise-management/kenya-to-break-ground-on-massive-bpo-park-800583171</link><pubDate>2011-08-25T00:00:00</pubDate><content:encoded><![CDATA[ Despite global economic uncertainty, Kenya is beginning to assert itself as a player in the business process outsourcing industry, and it hopes an ambitious construction project in Machakos will help drive job growth and investment in the region.<br/><br/>Building of the massive information and communications technology park is scheduled to break ground next months and be completed by 2015. Aside from hosting BPO services, it will also include world-class hotels, residential areas, and a financial park, according to Business Daily Africa.<br/><br/>&quot;Some organizations have shown interest and want to start construction, but we must finish the land topography work that is ongoing,&quot; Information Secretary Bitange Ndemo told the source. &quot;If this is completed on time, the President is expected to break the ground next month.&quot;<br/><br/>&quot;A new town will be created around the BPO park providing different options and all required city amenities,&quot; he added.<br/><br/>While the BPO market continues to expand across the globe, particularly in the Asia/Pacific market, Africa continues to show promise in developing similar potential. Both South Africa and Ghana continue to show vibrant growth in the BPO sector.]]></content:encoded></item>		<item><title>Approaching Social CRM With Traditional Strategies</title><link>http://www.teletech.com/news/customer-management/approaching-social-crm-with-traditional-strategies-800582397</link><pubDate>2011-08-24T00:00:00</pubDate><content:encoded><![CDATA[ The emergence of social customer relationship management has changed the nature of company-client interactions. As businesses invest more resources in learning and leveraging new technology, neglecting traditional hallmarks of quality customer service may seriously impede progress.<br/><br/>According to CRM Buyer, the rise of social networking and mobile device use has fundamentally changed customer expectations in regard to service and support. Clients now want answers and results immediately, and across a variety of channels. But, in the rush to satisfy a growing quantity of customer requests, it is important to retain a high quality of service in all interactions.<br/><br/>To satisfy and retain social customers, companies must first provide them with valuable content and experiences. If there is nothing remarkable about a product or service, social customers are unlikely to engage with the business or refer additional customers. But, by making a good first impression and exceeding expectations, the company may gain a loyal following.<br/><br/>Also, it is important to consistently foster the customer relationship. Losing touch with clients after the sale reflects company indifference. But rewarding loyalty and looking for ways to add value as time goes on may pay significant dividends.<br/><br/>In the end, social CRM should only be an extension of solid customer service fundamentals. Companies will derive greater benefits from a small, well-managed digital presence than misguided adoption of all available technology.]]></content:encoded></item>		<item><title>Inspiring Improved Contact Center Performance</title><link>http://www.teletech.com/news/customer-management/inspiring-improved-contact-center-performance-800581626</link><pubDate>2011-08-24T00:00:00</pubDate><content:encoded><![CDATA[ At the heart of any successful hosted contact center lies a staff of dedicated, resourceful, and effective customer service representatives. By taking steps to sustain strong employee morale and performance, contact center managers can create a lasting positive impact on business operations.<br/><br/>According to Forrester Research analyst Kate Leggett, a unified communication model is key to for companies specializing in cross-channel commerce. Customer interactions should be regulated with consistent policies and practices, but internal communications may be even more important.<br/><br/>Providing employees with adequate, relevant, and actionable customer data is essential to customer service representatives, whether they work through voice over internet protocol (VoIP) or face-to-face. Managers can accomplish this in real-time with quality software solutions, but regular meetings with employees should be held to provide feedback and praise that fosters positive business and personal relationships.<br/><br/>Contact center managers are also responsible for communicating concrete goals and expectations. Employees should be aware of everything from monthly work volumes to protocols for handling difficult clients.<br/><br/>Flexibility is also a strongly admired quality in executives. When employees see that a manager is willing to try new things and listen to feedback, they will naturally have a greater regard for their employers. Small innovations such as shaking up the structure of call teams or intermittently rewarding strong performers can have surprising implications for employee morale and productivity.]]></content:encoded></item>		<item><title>Japan Earthquake Disaster Prompting Outsourcing to Other Markets</title><link>http://www.teletech.com/news/enterprise-management/japan-earthquake-disaster-prompting-outsourcing-to-other-markets-800582224</link><pubDate>2011-08-24T00:00:00</pubDate><content:encoded><![CDATA[ The earthquake disaster in Japan and the ensuing damages to national infrastructure and economic stability took a toll on markets throughout the world.<br/><br/>While analysts have estimated that the financial and supply chain disruptions stemming form the tragedy have mostly subsided, the after effects levied on many small businesses have been persistent.<br/><br/>For that reason, many Japanese firms are beginning to outsource services to areas with active business process outsourcing markets. According to Business World Online, an unnamed Japanese BPO firm based in Osaka will soon set up shop in the Philippines to diffuse the company&#39;s disaster risk. The measure will produce an estimated 500 new jobs in the country.<br/><br/>&quot;Since the Japan disaster that stalled electronic and automotive production worldwide, the Philippines, along with other members of the Association of Southeast Asian Nations, has offered to become an alternative investment site for affected Japanese businesses,&quot; reports Eliza J. Diaz for the source.<br/><br/>Also this week, the Philippines Department of Trade and Industry projected 40 percent of Japanese manufacturing firms are considering transferring or expanding their production to sites outside of Japan, according to ABS CBN News.]]></content:encoded></item>		<item><title>Filipino Government, Trade Groups to Invest in BPO Training Progams</title><link>http://www.teletech.com/news/enterprise-management/filipino-government-trade-groups-to-invest-in-bpo-training-progams-800581289</link><pubDate>2011-08-23T00:00:00</pubDate><content:encoded><![CDATA[ The Filipino government is partnering with the Business Processing Association of the Philippines, an industry advocacy group, to help develop the country&#39;s workforce to meet the growing skills demands of the BPO industry.<br/><br/>Along with the Technical Education and Skills Development Authority, officials are developing a work scholarship program that will train some 58,000 scholars and provide more than 37,000 new positions in the business process outsourcing industry, according to Business World Online.<br/><br/>However, experts estimate the training program will require an annual investment of roughly US$8.3 million.<br/><br/>&quot;For the employment and the revenue potential of the industry, we see this as a reasonable investment that the government should consider,&quot; said BPA/P Chairman Alfredo I. Ayala, according to the source. &quot;We agreed that both sides should craft and present proposals by the first week of September.&quot;<br/><br/>Worldwide, the BPO market is expanding rapidly, suggesting such investment will pay off in the form of widespread employment and economic activity in developing markets. This week, Gartner projected a 6.3 percent surge in global BPO growth this year.]]></content:encoded></item>		<item><title>Improving Contact Centers Through VoIP Recording</title><link>http://www.teletech.com/news/contact-center-technology/improving-contact-centers-through-voip-recording-800580467</link><pubDate>2011-08-22T00:00:00</pubDate><content:encoded><![CDATA[ Voice over internet protocol (VoIP) services are exponentially expanding in both consumer and enterprise scenarios. But for hosted call center managers in particular, maintaining strong quality with increased quantity will be a key to business success. VoIP call recording may provide a uniquely effective solution for tracking and improving the performance of individual agents and their associated teams.<br/><br/>Companies using first-call resolution as the sole metric for call center performance may not be properly equipped to keep pace with the complex, evolving needs of customers. According to Forrester Research analyst Kate Leggett, a unified view of the customer and their associated data is crucial to effective cross-channel customer service.<br/><br/>By implementing call recording in VoIP practices, service center managers will be able to compile valuable data profiles on their customers. Relaying this information to agents will help better serve returning customers by allowing them to avoid the frustrating process of repeating themselves.<br/><br/>Careful analysis of recordings will enable managers to monitor trends in customer demands so that agents can be better prepared for future interactions. Call recordings could also reveal common shortcomings among agents that may need to be addressed via additional employee training or other means. &nbsp;]]></content:encoded></item>		<item><title>Asia to Lead Global Growth in BPO Markets</title><link>http://www.teletech.com/news/enterprise-management/asia-to-lead-global-growth-in-bpo-markets-800580320</link><pubDate>2011-08-22T00:00:00</pubDate><content:encoded><![CDATA[ Once again, the Asia-Pacific region is expected to lead growth in the global business process outsourcing market through this year, according to a report released Monday by research firm Gartner.<br/><br/>The study concludes the worldwide BPO industry will expand by 6.3 percent, compared to a whopping 17.9 percent in the Asia-Pacific market.<br/><br/>Cathy Tornbohm, research vice president at Gartner, pointed out that the world&#39;s largest BPO market, the United States, is expected to continue growth but be overshadowed by activity in developing economies.<br/><br/>&quot;Emerging markets are faring far better, and generally, multinational companies continue to look to BPO as a means both to reduce costs and to buoy their business operations during the protracted return to a growth environment,&quot; Tornbohm said in a statement, adding that a surge in transaction volume is also expected to unfold.<br/><br/>The North American BPO market will grow by 3.8 percent this year, Gartner says, led principally by retail, healthcare, transportation, and utilities verticals. Customer resource management and human resources are expected to lead horizontal domains.]]></content:encoded></item>		<item><title>The Appeal of Contact Centers in the Insurance BPO Market</title><link>http://www.teletech.com/news/customer-management/the-appeal-of-contact-centers-in-the-insurance-bpo-market-800579431</link><pubDate>2011-08-19T00:00:00</pubDate><content:encoded><![CDATA[ In today&#39;s evolving business landscape, businesses need to streamline their services and operations across a multitude of channels while insuring consistent performance among each one.<br/><br/>Business process outsourcing services offered by contact centers are increasingly relied on as a means of delivering such performance without sacrificing or intervening in dialogue with customers, and this is especially the case in the insurance industry.<br/><br/>According to a recent study by Destination CRM, 84 percent of surveyed insurance consumers in North America claim it is important to them that the services offered by their insurance providers are &quot;identical.&quot;<br/><br/>&quot;The majority of insurers want to provide a consistent, tailored customer experience that flows seamlessly from one channel to another as the conversation demands,&quot; write John McNally and Jon Walheim for the source. &quot;Insurers are looking to contact centers to support their agendas for growth.&quot;<br/><br/>A recent study by research firm Celent bolsters this argument, as it found the North American insurance BPO market is expected to grow by a combined annual growth rate of 10 percent over the next five years.]]></content:encoded></item>		<item><title>Gauging the Potential of BPO Opportunities</title><link>http://www.teletech.com/news/enterprise-management/gauging-the-potential-of-bpo-opportunities-800579506</link><pubDate>2011-08-19T00:00:00</pubDate><content:encoded><![CDATA[ As the technology matures, a number of business executives are exploring the potential of business process outsourcing (BPO) for making critical capacities more affordable. There are a variety of paths to success when adopting BPO solutions, but managers must first assess if their company is in a position to take advantage of the practice&#39;s full potential.<br/><br/>To enhance the probability of success, it is imperative to construct a cohesive and thorough business case for the implementation of the new BPO strategy. According to Business Finance Magazine, there are a number of unique variables and decisions that will ultimately shape the modeled results.<br/><br/>Selection of in-house versus hosted delivery, the projected size and complexity of the system and variable international regulatory frameworks are all important factors to consider. Also, transitional costs associated with development of infrastructure and labor may account for up to 25 percent of the overall BPO deal.<br/><br/>Finally, viewing a multi-year BPO deal in terms of net present value will give companies the most realistic assessment of potential benefits and pitfalls of such a move. This calculation is one of the few that incorporates a margin of error reflecting the uncertainty of future economic conditions.&nbsp;]]></content:encoded></item>		<item><title>Keeping CRM Aligned With Sales and Marketing</title><link>http://www.teletech.com/news/customer-management/keeping-crm-aligned-with-sales-and-marketing-800578081</link><pubDate>2011-08-18T00:00:00</pubDate><content:encoded><![CDATA[ The success of a customer relationship management (CRM) system is often a reflection of strong performances from a company&#39;s sales and marketing departments. Conversely, issues among marketing and sales teams can significantly inhibit the efficacy of CRM strategies. To limit collateral damage and foster mutual success, there are a number of steps managers can take to align systems for company-wide success.<br/><br/>Any significant adjustment to organizational structure should be approached in stages, but David Taber of CIO recently suggested several immediate actions for companies to take. CRM directors can start by identifying any significant usability issues. System customizations, data semantics and data quality should all be reviewed.<br/><br/>While these improvements are underway, marketing directors must objectively assess the number and quality of campaigns before prioritizing funding. Lead generation issues such as the quality of customer-facing content and internal routing should also be reviewed. Once this is addressed, the sales team will likely have the relevant and actionable information they need. And if not, they need to discuss their immediate difficulties with CRM designers.<br/><br/>These short-term enhancements can significantly improve the usability and performance of CRM solutions, but more serious issues such as access governance and data security will still have to be addressed over an extended period of time. Customer privacy continues to be the primary concern for companies adopting cloud-based CRM solutions.]]></content:encoded></item>		<item><title>Why BPO is Attractive in a Troubled Global Economy</title><link>http://www.teletech.com/news/enterprise-management/why-bpo-is-attractive-in-a-troubled-global-economy-800578605</link><pubDate>2011-08-18T00:00:00</pubDate><content:encoded><![CDATA[ Financial services giants Morgan Stanley and Deutsche Bank both scaled back their projections for global economic growth this week, citing fiscal crises in the U.S. and Europe as contributing to lower consumer and investor confidence.<br/><br/>However, as troubled as global markets may be, many companies are turning to business process outsourcing services to take a load off their budgets while also optimizing their performance.<br/><br/>Riaan Terblanche writes in IT Web that with economic conditions as they are, many companies are looking for ways to scale back their budgets without placing undue strain on their operations, and BPO is one of the chief strategies for achieving such a goal. He adds that there are three main reasons why businesses are turning to BPO services.<br/><br/>&quot;Outsourcing the process to an outside provider affords the company access to a pool of skilled resources that not only provide definitive cost gains of up to 20 percent, but also provide efficiency gains, by delivering a service that is of a much higher standard with more expertise,&quot; Terblanche writes.<br/><br/>Finally, he adds, businesses are turning to BPO for transformational improvements, as outsourced processes can lead to better performance and added value.]]></content:encoded></item>		<item><title>Report: VoIP Critical to 4G Profits</title><link>http://www.teletech.com/news/contact-center-technology/report-voip-critical-to-4g-profits-800576945</link><pubDate>2011-08-17T00:00:00</pubDate><content:encoded><![CDATA[ A recently released report from broadband advisory group Wireless 20/20 suggested that value-added services, such as voice over internet protocol (VoIP), may be critical to the monetization of 4G networks.<br/><br/>The research demonstrated that 4G wireless operators may be able to significantly increase their return on investment by offering VoIP in addition to basic data services.<br/><br/>&quot;The analysis published in the whitepaper demonstrates the viability of a hosted VoIP solution,&quot; said company official Haig Sarkissian. &quot;The positive financial impact of VoIP can be maximized by implementing a cloud-based solution.&quot;<br/><br/>Researchers compared a variety of 4G deployment strategies on the basis of cost structure, profitability, time-to-market and investment risk. The operating costs of in-house technology solutions may significantly impact profitability, demanding up to 40 percent of total revenues. Labor and technical support costs associated with the in-house model may also present an unattractive burden.<br/><br/>Hosted call centers utilizing VoIP are likely to enjoy impressive adoption if 4G providers heed the advice of the report. Mobile device manufacturers such as Apple and Google are already counting on widespread expansion of 4G networks to transform their newest line of products set to debut later this year.]]></content:encoded></item>		<item><title>East African Nations to Hold Business Summit on Growth Markets Such as BPO</title><link>http://www.teletech.com/news/enterprise-management/east-african-nations-to-hold-business-summit-on-growth-markets-such-as-bpo-800577595</link><pubDate>2011-08-17T00:00:00</pubDate><content:encoded><![CDATA[ Top business business leaders from throughout the East Africa region will meet this fall to discuss emerging industries and economic opportunities in the area. The gathering is part of the East Africa Business Summit and meets every two years.<br/><br/>This year, attendants will focus on innovation and emerging sectors such as the burgeoning business process outsourcing industry to gauge areas of growth and potential. Representatives from Citi Group, Deloitte, KPMG, PWC, and other major international companies are expected to attend or offer support for the initiative.<br/><br/>&quot;This year, the summit will explore ways to navigate the numerous emerging opportunities in Africa,&quot; the Daily Nation quotes Josphat Mwaura, chairman of the Convenors&#39; Committee, as saying during the forum&#39;s media launch in Nairobi, Kenya. &quot;In particular, we want to understand how CEOs&#39; decisions about strategies and operating models shape changes in the business landscape.&quot;<br/><br/>Kenya continues to show potential as a major hub of BPO activity, and with the support of other emerging markets such as media, fibre optics, and railways infrastructure, the country stands to serve as an economic leader in the region.]]></content:encoded></item>		<item><title>Steps For Evaluating the Advantage of a BPO Deal</title><link>http://www.teletech.com/news/enterprise-management/steps-for-evaluating-the-advantage-of-a-bpo-deal-800576709</link><pubDate>2011-08-16T00:00:00</pubDate><content:encoded><![CDATA[ The business process outsourcing industry has become a global market due to its job creation and economic development potential.<br/><br/>While countries such as the Philippines, China, and Kenya have all thrown their hat into the BPO market, businesses considering the outsourcing of certain processes need to make some basic considerations.<br/><br/>For one, because BPO services are typically common in developing nations, firms need to evaluate the various regulatory, exchange currency, and even cultural factors that may impact their outsourcing budget.<br/><br/>Second, companies need to calculate the cost of transition, as there are often upfront expenses that must be accounted for during the process of migrating a procedure to an outsourcing agency.<br/><br/>&quot;These costs include labor, technology, infrastructure implementation, and outsourcer personnel ramp-up, but may also cover costs associated with parallel, or &#39;shadow,&#39; operations for a period of time until the outsourced business process is proven,&quot; explains Adam Cummins for Business Finance.<br/><br/>Finally, Cummins adds that businesses need to calculate the potential costs and savings through net present-value, as this will allow an organization to weigh the true advantages of BPO]]></content:encoded></item>		<item><title>Asian Companies Shifting to Private Clouds</title><link>http://www.teletech.com/news/contact-center-technology/asian-companies-shifting-to-private-clouds-800575069</link><pubDate>2011-08-15T00:00:00</pubDate><content:encoded><![CDATA[ A recently released market research report from Ovum revealed good news for technology outsourcing contractors offering everything from voice over internet protocol (VoIP) to business process outsourcing (BPO). Businesses across the Asia-Pacific region are planning to increase their technology budgets and dedicate much of their focus to the establishment of private cloud environments.<br/><br/>Although many businesses in the region have a reputation for being late adopters of technology, the report suggested that more than 40 percent of companies are currently experimenting with private cloud environments. More than half of respondents also indicated that they are now comfortable outsourcing significant IT responsibilities.<br/><br/>&quot;There is hope for service providers building their cloud-based communication offerings, and we expect the hosted approach to rise as more offerings are released into the marketplace,&quot; the report noted.<br/><br/>Analysts expect the faster deployment times, higher flexibility and impressive affordability of cloud management models to attract a wave of new customers in the next few years.<br/><br/>A separate study from the research firm suggested that this trend may significantly impact the VoIP providers. Industry revenue is forecasted to triple over the next five years in the region, surpassing $3 billion in 2016.]]></content:encoded></item>		<item><title>Asian Companies Shifting to Private Clouds</title><link>http://www.teletech.com/news/enterprise-management/asian-companies-shifting-to-private-clouds-800575069</link><pubDate>2011-08-15T00:00:00</pubDate><content:encoded><![CDATA[ A recently released market research report from Ovum revealed good news for technology outsourcing contractors offering everything from voice over internet protocol (VoIP) to business process outsourcing (BPO). Businesses across the Asia-Pacific region are planning to increase their technology budgets and dedicate much of their focus to the establishment of private cloud environments.<br/><br/>Although many businesses in the region have a reputation for being late adopters of technology, the report suggested that more than 40 percent of companies are currently experimenting with private cloud environments. More than half of respondents also indicated that they are now comfortable outsourcing significant IT responsibilities.<br/><br/>&quot;There is hope for service providers building their cloud-based communication offerings, and we expect the hosted approach to rise as more offerings are released into the marketplace,&quot; the report noted.<br/><br/>Analysts expect the faster deployment times, higher flexibility and impressive affordability of cloud management models to attract a wave of new customers in the next few years.<br/><br/>A separate study from the research firm suggested that this trend may significantly impact the VoIP providers. Industry revenue is forecasted to triple over the next five years in the region, surpassing $3 billion in 2016.]]></content:encoded></item>		<item><title>Asian Insurers to Boost IT, BPO Budgets in 2012</title><link>http://www.teletech.com/news/enterprise-management/asian-insurers-to-boost-it-bpo-budgets-in-2012-800574683</link><pubDate>2011-08-12T00:00:00</pubDate><content:encoded><![CDATA[ Insurance carriers in the Asia-Pacific region are expected to increase their IT budgets over the 2011-2012 period, driving up demand for both IT and business process outsourcing services.<br/><br/>According to a survey released this week by consulting and analytics firm Ovum, economic growth in the region will drive 29 percent of insurers to boost their internal and external IT budgets by more than 6 percent. The study also found more than half of respondents plan to increase their IT spending.<br/><br/>&quot;Coming out of the post-financial crisis economic situation, the Asia-Pacific region is in a growth mode,&quot; said Barry Rabkin, insurance technology principal analyst at Ovum. &quot;Although Asia-Pacific insurers are struggling with having more insurance business operating systems than they want, they are planning to increase IT budgets in 2012.&quot;<br/><br/>Another 51 percent of insurers in the region claim they&#39;re comfortable using BPO services to handle many of their operations.<br/><br/>In the Philippines, BPO call centers have spring up throughout the country and are expected to account for roughly 11 percent of the nation&#39;s GDP by 2020.]]></content:encoded></item>		<item><title>Preserving Customer Trust With Social CRM</title><link>http://www.teletech.com/news/customer-management/preserving-customer-trust-with-social-crm-800574159</link><pubDate>2011-08-11T00:00:00</pubDate><content:encoded><![CDATA[ Quality customer relationship management (CRM) allows companies to better understand the opinions and behaviors of the people they do business with. The advent of social media has facilitated the digital exchange of personal information, and competitive companies are now gathering a wealth of data to develop detailed customer profiles. However, social CRM often walks a hazy line between the public and private domain and companies that abuse the platform can quickly lose the trust and patronage of their customers.<br/><br/>As Christopher Bucholtz of CRM Buyer noted in a recent column, gathering a customer&#39;s personal information and fostering their trust have traditionally been mutually exclusive endeavors. The new challenge for businesses will be finding ways to nurture rewarding relationships without being mistaken as overly invasive.<br/><br/>According to industry expert Brian Vellmure, successful companies must consistently demonstrate competence, trustworthiness, likeability, relevance, availability, and a genuine understanding of their clients.<br/><br/>Social media has paved the way for a host of new opportunities for learning about and engaging with customers. But if the fundamentals of customer care become lost in the shuffle, the technology may do more harm than good.]]></content:encoded></item>		<item><title>Call Centers and the Role of SMBs</title><link>http://www.teletech.com/news/contact-center-technology/call-centers-and-the-role-of-smbs-800573753</link><pubDate>2011-08-11T00:00:00</pubDate><content:encoded><![CDATA[ One of the major appeals of hosted call centers in the global marketplace is their relevance to both small and large businesses. As markets expand and technological applications become more complex, companies have come to rely on IT and business process outsourcing to handle their day-to-day inquires.<br/><br/>However, it&#39;s interesting to note how small businesses impact the global BPO network. According to TMCNet, small and medium-sized businesses account for roughly 75 percent of the hosted call center market share.<br/><br/>Small companies are usually less capable of administering call volumes - much less handle the capital needed to keep operations running.<br/><br/>&quot;Hosted solutions help because they grant these SMBs access to call center technologies that were prohibitively expensive only a decade ago,&quot; writes Chris DiMarco for TMCNet. &quot;Hosted options also allow SMB the flexibility to hire staff for either a centralized customer service operation or utilizing home agents.&quot;<br/><br/>As small businesses continues to account for a large portion of economic activity in both developed and developing economies, many analysts expect demand for hosted call centers to grow.]]></content:encoded></item>		<item><title>Financial Service Firms Leveraging BPM</title><link>http://www.teletech.com/news/enterprise-management/financial-service-firms-leveraging-bpm-800573003</link><pubDate>2011-08-11T00:00:00</pubDate><content:encoded><![CDATA[ As some of the nation&#39;s largest financial service firms search for ways to sustain customer value while expanding operations, an increasing number of enterprises are altering their business process management (BPM) strategies to increase efficiency and offer enhanced customer experiences.<br/><br/>Abhijit Gupta of Deutsche Bank recently described how his deployment of BPM transformed operations in the company&#39;s Client Access department.<br/><br/>&quot;We adopted a BPM approach because we recognize the importance of differentiating ourselves and maintaining a competitive edge in the marketplace,&quot; said Gupta. &quot;It enhances and simplifies not only our internal processes but the client experiences to boot.&quot;<br/><br/>Gupta admitted that, although the initial deployment of the program was complex, transparent roles and responsibilities for all stakeholders enabled faster delivery and more effective decision-making.<br/><br/>Industry expert Scott Cleveland suggests that strong executive leadership, as demonstrated by Gupta, is crucial to BPM success. Having a go-to director that sustains departmental enthusiasm, delegates appropriately and generally guides a company through operational changes can make a world of difference. Direct accountability will also reduce the risk of scope creep often associated with long-term technological transformations.]]></content:encoded></item>		<item><title>The Role of English Education in the Global BPO Industry</title><link>http://www.teletech.com/news/enterprise-management/the-role-of-english-education-in-the-global-bpo-industry-800572693</link><pubDate>2011-08-10T00:00:00</pubDate><content:encoded><![CDATA[ One of the reasons why the Philippines has noted such strong growth in its business process outsourcing market in recent years is that it boasts a substantial English-speaking population as well as a growing education sector.<br/><br/>After all, communicating in the language of the customer is a boon for business, as it streamlines operations and allows agents to talk to callers directly. For this reason, economies with extensive BPO markets are investing heavily in English language education.<br/><br/>Ghana, Kenya, South Africa, India, the Philippines and even Brazil - all these countries have a substantial English presence they&#39;re looking to exploit for the sake of globalizing markets.<br/><br/>&quot;Even as employees manage to perform as per the company&#39;s expectations, they might not be doing what is best for the business - talking to customers,&quot; writes Prashant Banerjee for the Deccan Herald. &quot;The stark and simple fact about the BPO industry is that business process outsourcing tends to take place from English-speaking countries to those where English is not the first language.&quot;<br/><br/>Of course, education will remain a top priority in these markets, but as the BPO sector evolves and generates new streams of revenue and personal income, investment in schooling is likely to follow regardless.]]></content:encoded></item>		<item><title>Companies Finding New Benefits for Versatile BPM</title><link>http://www.teletech.com/news/enterprise-management/companies-finding-new-benefits-for-versatile-bpm-800571752</link><pubDate>2011-08-10T00:00:00</pubDate><content:encoded><![CDATA[ Many companies initially adopted business process management (BPM) systems in an attempt to streamline operations through automation and integration. But, according to CIOZone, today&#39;s organizations are looking past the initial benefits of BPM and considering it as a potential alternative to current enterprise application integration solutions.<br/><br/>Part of the frustration with traditional application integration technologies was the inability to deal with exception handling and human input. BPM shifted focus back toward user involvement while retaining automation of fundamental processes.<br/><br/>BPM can help companies address complex changes to processes and applications after mergers and acquisitions. From a regulatory standpoint, BPM also allows companies to enforce new policies by defining, managing, and auditing selected business processes.<br/><br/>By helping business managers visually monitor employee activities, CIOZone suggests the potential for future BPM solutions is almost limitless. Companies will investigate new ways to enhance process monitoring and reporting capabilities to put relevant solutions into the hands of the employees that need them most.<br/><br/>According to Reportstack market research, the flexibility of the platform is expected to drive global BPM revenues past $5.5 billion by 2017, up from $2.3 billion in 2010.]]></content:encoded></item>		<item><title>Location-based Services Mark Key Evolution in CRM</title><link>http://www.teletech.com/news/customer-management/location-based-services-mark-key-evolution-in-crm-800570762</link><pubDate>2011-08-09T00:00:00</pubDate><content:encoded><![CDATA[ Location-based services (LBS) are providing customers with increasingly valuable and relevant information across a variety of platforms. But for saavy businesses, the rewards may be even greater. LBS are now informing account managers in revolutionary ways that may help optimize future customer relationship management (CRM) transactions.<br/><br/>By adding a customer&#39;s home and work location to CRM systems, for instance, service providers will be better equipped to predict and respond to certain customer behaviors. But the retention of this sensitive data must be treated with respect.<br/><br/>&quot;It is very important to ensure that the customers&#39; privacy in handled with utmost care,&quot; Etienne Louw of MapIT noted in a recent interview with IT Web. &quot;It&#39;s critical to have total transparent opt-in from the customer.&quot;<br/><br/>In addition to transparency, LBS &quot;check-in&quot; procedures provide the opportunity to quickly engage with customers and build relationships. As suggested by the Social Customer, even an occasional message thanking the customer for their participation in the service may be enough to communicate a sense that the business is attentive to and appreciative of their clients.<br/><br/>Companies should be aware that LBS represent a bridge between business and customer; not a comprehensive solution. LBS significantly enhance the distribution process, but successful CRM will continue to be judged upon consistent, evolving attempts to deliver valuable content and experiences to customers.]]></content:encoded></item>		<item><title>African BPO markets vary in growth potential</title><link>http://www.teletech.com/news/enterprise-management/african-bpo-markets-vary-in-growth-potential-800571695</link><pubDate>2011-08-09T00:00:00</pubDate><content:encoded><![CDATA[ When it comes to global hubs for business process outsourcing services, Asia is usually put forth as the leading market. But that doesn&#39;t negate the import of the sector in the Americas, Africa and the Middle East.<br/><br/>The Rockefeller Foundation recently estimated that Ghana has the potential to add 780,000 BPO jobs over the next four years. More recently, Kenya was cited as a market with similarly strong outsourcing potential.<br/><br/>Aside from investing in a number of large-scale infrastructural projects aimed at equipping the country for rising BPO demands, Kenya also benefits from a growing information and communications technology sector.<br/><br/>&quot;I&#39;ve been looking at the figures of BPO&rsquo;s coming up in Kenya and it&rsquo;s phenomenal,&quot; James Njoroge, financial consultant at Pan Africa Life Assurance Limited, told Tech Zimbabwe. &quot;It wouldn&#39;t be possible without the ICT investment that&rsquo;s being put into the country&rsquo;s different sectors.&quot;<br/><br/>While South Africa is often cited as a top destination for outsourcing investment, analysts expect other regions of the African continent will become more attractive markets as political and financial stability improves, explaining why Kenya and Ghana have noted relatively strong market potential.]]></content:encoded></item>		<item><title>Philippines BPO Sector Aiming For $25 Billion By 2016</title><link>http://www.teletech.com/news/enterprise-management/philippines-bpo-sector-aiming-for-25-billion-by-2016-800570734</link><pubDate>2011-08-08T00:00:00</pubDate><content:encoded><![CDATA[ The Filipino business process outsourcing industry is already benefiting from ideal market conditions and prospects, but with competition emerging in Asian markets, as well as areas in Africa and the Americas, the country is looking to raise its BPO market above the rest.<br/><br/>Through stronger educational initiatives and cooperation between the public and private sectors, the Philippines is eyeing $25 billion in BPO revenues by 2016, according to Sun Star. Experts asserted that an integrated talent development and education strategy will be needed to achieve such an objective.<br/><br/>&quot;This requires growing the talent base, improving the relevance of education, imparting the employability skills, attracting more graduates and schools to the sector, and up-skilling and retaining experienced staff,&quot; Raymond Lacdao, industry affairs director of the Business Processing Association of the Philippines, told the source.<br/><br/>Lacdao added that a more flexible regulatory environment that includes structural changes will also be needed, despite the substantial challenges that may complicate such a goal.<br/><br/>World Bank consultant Raja Mitra recently reported the Philippines BPO sector stands to generate $50 billion in revenues by 2020, marking 11 percent of the country&#39;s total GDP.]]></content:encoded></item>		<item><title>Filipino President Pledges Support for BPO Industry</title><link>http://www.teletech.com/news/contact-center-technology/filipino-president-pledges-support-for-bpo-industry-800569250</link><pubDate>2011-08-05T00:00:00</pubDate><content:encoded><![CDATA[ In a recent appearance at the International Contact Center Conference and Expositon, President of the Phillipines Benigno Aquino III promised support for the nation&#39;s business process outsourcing (BPO) industry. Aquino pledged to extend immediate government assistance to spur market growth and bring job opportunities and prestige to his home country.<br/><br/>&quot;You can expect from the government, in cooperation with the Commission on Higher Education and the Department of Education, that we are gearing all our education towards training people for jobs available when they graduate instead of chasing after jobs that will no longer exist,&quot; said Aquion, according to Zamboanga Today.<br/><br/>The Filipino government and private sector have renewed their dedication to technological innovation, specifically BPO, in recent years.<br/><br/>The nation&#39;s contact center industry is expected to double its growth by 2016 to reach nearly $15 billion in revenues on the strength of more than 800,000 employees.<br/><br/>To reach these lofty goals, the industry is looking to enhance its offerings in financial advisory, legal help desk, healthcare management and business-to-business technical support capacities as companies continue to leverage communication skills in more than 15 foreign languages.]]></content:encoded></item>		<item><title>Filipino President Pledges Support for BPO Industry</title><link>http://www.teletech.com/news/enterprise-management/filipino-president-pledges-support-for-bpo-industry-800569250</link><pubDate>2011-08-05T00:00:00</pubDate><content:encoded><![CDATA[ In a recent appearance at the International Contact Center Conference and Expositon, President of the Phillipines Benigno Aquino III promised support for the nation&#39;s business process outsourcing (BPO) industry. Aquino pledged to extend immediate government assistance to spur market growth and bring job opportunities and prestige to his home country.<br/><br/>&quot;You can expect from the government, in cooperation with the Commission on Higher Education and the Department of Education, that we are gearing all our education towards training people for jobs available when they graduate instead of chasing after jobs that will no longer exist,&quot; said Aquion, according to Zamboanga Today.<br/><br/>The Filipino government and private sector have renewed their dedication to technological innovation, specifically BPO, in recent years.<br/><br/>The nation&#39;s contact center industry is expected to double its growth by 2016 to reach nearly $15 billion in revenues on the strength of more than 800,000 employees.<br/><br/>To reach these lofty goals, the industry is looking to enhance its offerings in financial advisory, legal help desk, healthcare management and business-to-business technical support capacities as companies continue to leverage communication skills in more than 15 foreign languages.]]></content:encoded></item>		<item><title>Jamaica Aims To Double IT-BPO Labor Force</title><link>http://www.teletech.com/news/enterprise-management/jamaica-aims-to-double-it-bpo-labor-force-800569832</link><pubDate>2011-08-05T00:00:00</pubDate><content:encoded><![CDATA[ Over the past several years, the business process outsourcing industry has favored growth in developing nations. China, the Philippines, and Brazil are a few examples of economies with labor forces able to meet the skills demands of the market.<br/><br/>Now Jamaica is looking to enter the burgeoning BPO market, as the country aims to create jobs and bolster the small nation&#39;s status in the global business community.<br/><br/>This week, the Jamaican government announced a five-point plan to promote growth in the country&#39;s IT-BPO sector, with the intention of creating some 11,000 jobs over the next few years, thereby doubling its current labor force.<br/><br/>&quot;We believe that over the next few years we could more than double (the number of jobs),&quot; Investment and Commerce Director Christopher Tufton told the Jamaica Observer. &quot;In fact, I am looking personally at 30,000 jobs in two to three years, but I believe that over the next year and a half we can lock in a number of clients.&quot;<br/><br/>Tufton added that his nation&#39;s proximity to the U.S., where outsourcing demands are high, as well as its trainable workforce and developed infrastructure will add strength to Jamaica&#39;s BPO market potential.]]></content:encoded></item>		<item><title>Selecting The Best VoIP Provider  </title><link>http://www.teletech.com/news/contact-center-technology/selecting-the-best-voip-provider-800568167</link><pubDate>2011-08-04T00:00:00</pubDate><content:encoded><![CDATA[ Voice over Internet Protocol (VoIP) is changing the way business professionals communicate and collaborate. Corporate clients are attracted to the the speed, reliability, and affordability of VoIP services for connecting users all over the world. But, as the technology has matured and vendors have diversified their offerings, choosing the correct VoIP providers is not as easy as it once was.<br/><br/>When implementing VoIP services into business operations, the first factor considered by managers is typically pricing. As a general rule, broadband internet phone services are significantly less expensive than land lines. But pricing models between providers vary. Some offer flat rate fees while others are priced per user.<br/><br/>The most affordable option is not always the best strategy, however, so companies must decide which features are essential and which features can be considered luxuries. Some businesses may prefer a service provider that offers video conferencing capabilities while others will prioritize quality technical support instead.<br/><br/>Once business managers have a general outline of the VoIP framework they would like to use, deployment becomes the next issue. While some clients have the technical and monetary resources to install and manage a VoIP system in-house, others may be better served by partnering with a hosted call center. By leaving implementation, management, and technical support to third-party experts, the company will enjoy all the benefits of VoIP and keep staff free for other ventures.]]></content:encoded></item>		<item><title>U.S. Aims To Expand Call Center Industry</title><link>http://www.teletech.com/news/enterprise-management/u-s-aims-to-expand-call-center-industry-800568872</link><pubDate>2011-08-04T00:00:00</pubDate><content:encoded><![CDATA[ While business process outsourcing services continue to flourish in developing economies such as the Philippines, Kenya, China, and Brazil, call center and customer service positions are creating jobs in developed nations as well.<br/><br/>This week, the U.S. Federal Communications Commission announced plans to create 100,000 customer service jobs throughout the country over the next two years. FCC Chairman Julius Genachowski reported that new call centers will be established in areas that have recently acquired broadband internet, many of which have struggled with high unemployment due to ailing local industry.<br/><br/>&quot;We&#39;ve been pushing broadband deployment and adoption so strongly because it&#39;s essential to job creation. We see broadband expansion creating new jobs, and on-shoring jobs that have moved overseas,&quot; USA Today quotes Genachowski as saying.<br/><br/>Call centers employ some 5.3 million workers in the U.S., and that figure is expected to grow in coming years. However, the industry pales in comparison to countries such as the Philippines. Employment in that country&#39;s IT-BPO sector grew more than 25 percent during the first quarter of this year, according to the Central Bank of the Philippines.]]></content:encoded></item>		<item><title>Avoiding Common Social CRM Mistakes</title><link>http://www.teletech.com/news/customer-management/avoiding-common-social-crm-mistakes-800567349</link><pubDate>2011-08-03T00:00:00</pubDate><content:encoded><![CDATA[ The advent of social customer relationship management (CRM) has transformed the way companies go about building their brands. But to take advantage of social CRM&#39;s full potential, leading enterprises must be aware of the roadblocks standing in their way.&nbsp;<br/><br/>As noted by CRM Buyer contributing author Christopher Bucholtz, the decision to add a social component to current CRM frameworks is an exciting step for many business managers. Social media tools such as Twitter and LinkedIn provide powerful platforms for shaping brand perceptions, attracting new clients, and engaging current customers.&nbsp;<br/><br/>But if this early enthusiasm is not supported by clear and structured plans, social CRM efforts may go to waste. Before starting a conversation with a &quot;social customer,&quot; companies should be thinking several steps ahead to ensure they are prepared to continue the relationship and provide consistent value.<br/><br/>Social CRM strategies are serious business, but they often run the risk of appearing inauthentic to discerning audiences. Customers do not mind being sold to, but generic content and canned responses may be an instant turn-off. Quality issues such as these tend to occur when companies have spread themselves too thin trying to establish a social presence.<br/><br/>Strong content is at the heart of successful social CRM campaigns. And if companies do not have the in-house resources to provide consistently influential material, contracting with third-party providers may be worth the investment.]]></content:encoded></item>		<item><title>Clarifying the Confusion Between ECM and BPM Strategies</title><link>http://www.teletech.com/news/enterprise-management/clarifying-the-confusion-between-ecm-and-bpm-strategies-800567059</link><pubDate>2011-08-03T00:00:00</pubDate><content:encoded><![CDATA[ The territories occupied by enterprise content management (ECM) solutions and business process mangement (BPM) software have often overlapped, due in large part to the business community&#39;s inability to identify an optimal application strategy for either service. As confusion regarding ECM and BPM prevails, many vendors are offering integrated strategies that merge the two utilities.<br/><br/>CMS Wire contributor David Roe addressed this phenomenon in a recent column attempting to define and distinguish the solutions. Companies seem to grasp the basic function of ECM: organizing and storing data and documents relating to company processes.<br/><br/>Conversely, BPM can be called upon to analyze current company practices and assist managers in modeling, deploying, managing, and automating more efficient processes. In this way, BPM requires much more than technology. Without informed user input, the software is of little use.<br/><br/>While the two utilities remain distinct, ECM maintains the strong foundation of data on which successful BPM solutions are constructed. Storing and organizing data is not only important for security, but for referencing during strategic decision-making processes.<br/><br/>But, as companies expand operations, data management often becomes overwhelming. Strategies involving business process outsourcing (BPO) may offer comparable quality with enhanced flexibility and affordability. More businesses are realizing the logical and operational benefits of BPO, and the international market for these services has grown more than 20 percent in the last decade in some countries, such as the Philippines.]]></content:encoded></item>		<item><title>Everest: Outsourcing Transactions Grew Through Second Quarter</title><link>http://www.teletech.com/news/enterprise-management/everest-outsourcing-transactions-grew-through-second-quarter-800568051</link><pubDate>2011-08-03T00:00:00</pubDate><content:encoded><![CDATA[ Global outsourcing activity continued through the second quarter of this year, as the most recent Market Vista report from research firm Everest Group reveals. Specifically, outsourcing transactions noted a 2 percent surge during the second quarter, compared to the previous, and a 4 percent increase from the same period last year.<br/><br/>IT outsourcing led market activity during the April-June period, with an 8 percent increase over the first quarter. Meanwhile, business process outsourcing observed a slight decline of 7 percent over the same period.<br/><br/>&quot;During the second quarter, captive adoption has become more broad-based as evidenced by the large number of captive announcements to support organizations&#39; research and development functions,&quot; said Eric Simonson, managing partner of research at Everest. &quot;Market activity continues to reflect the emergence of hybrid sourcing models as organizations work to extract maximum impact from sourcing.&quot;<br/><br/>According to the report, North America and Europe accounted for roughly three-fourths of outsourcing deals completed during the second quarter, even though transaction activity slowed in the Americas.]]></content:encoded></item>		<item><title>Businesses Question Value of Current CRM Systems</title><link>http://www.teletech.com/news/customer-management/businesses-question-value-of-current-crm-systems-800566414</link><pubDate>2011-08-02T00:00:00</pubDate><content:encoded><![CDATA[ Recent research suggests that an increasing number of U.K. business managers are becoming frustrated with their current customer relations management (CRM) solutions. Many executives rate their CRM platforms as slow and overly complex, and approximately two-thirds are questioning the tool&#39;s return on investment (ROI).<br/><br/>The report from De Villiers Walton surveyed more than 250 U.K. companies and chronicled several complaints regarding in-house CRM solutions. Popular concerns included reduced network speed and difficulty understanding the interface. Many managers are having trouble realizing the full benefits of the technology.<br/><br/>&quot;While many systems may be partially fulfilling their (initial investments), most are not succeeding in achieving optimal results for their users and businesses as a whole,&quot; the report stated.<br/><br/>According to Todd Weiss of CIO.com, lackluster CRM performance may be related to outdated infrastructure. The market for CRM solutions has evolved dramatically in recent years and, in many cases, has outpaced the evolution of enterprise IT departments.<br/><br/>For companies that have the resources necessary for a technological overhaul, now may be the perfect time as cloud computing and other trends change the digital landscape. But for businesses seeking simpler and more affordable solutions, outsourced customer care may be the answer. CRM performance is too important to be sacrificed, and it may be better to partner with an expert than completely transform in-house operations.]]></content:encoded></item>		<item><title>Companies Should Learn from CRM Mistakes</title><link>http://www.teletech.com/news/customer-management/companies-should-learn-from-crm-mistakes-800564950</link><pubDate>2011-08-01T00:00:00</pubDate><content:encoded><![CDATA[ When it comes to customer relationship management (CRM) companies can learn just as much, if not more, from others&#39; mistakes as they can from guidelines and best practices, according to a recent Redmond Channel Partner report.<br/><br/>The outlet, a news provider for the Microsoft partner community, recently highlighted several signs of &quot;epic CRM fails&quot; and identified what could be learned from them.<br/><br/>&quot;There must be a commitment by all levels of management to institutionalize the CRM system, and after that it is simply sales leadership&#39;s responsibility to set the vision and sales management&#39;s job to focus on execution,&quot; CRM consultant Ken Thoreson wrote.<br/><br/>Above all, the report stated, companies must institutionalize CRM strategies and solutions. To start, the organization should draft a sales process map, which contains detailed steps for each stage of a sale and customer interactions. Doing so will allow each salesperson to learn what is needed from each stage.<br/><br/>Many recent reports have pointed to social media interactions as being the so-called next frontier for CRM. For example, a recent Enterprise Irregulars report argued that social CRM should be part of every company&#39;s digital strategy in order to effectively leverage technology.]]></content:encoded></item>		<item><title>Companies Taking Close Look at BPM</title><link>http://www.teletech.com/news/enterprise-management/companies-taking-close-look-at-bpm-800564269</link><pubDate>2011-08-01T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from ITweb and Global 360 revealed that many companies plan to take a close look at improving business process management (BPM) in the near future.<br/><br/>Called the BPM 2011 survey, the report found that 27 percent of companies are committed to BPM for top level projects. Just 10 percent said they were uninterested in BPM.<br/><br/>&ldquo;I believe that improved service delivery is a continual driving factor in the market, and as competition grows between companies, the internal awareness of processes and the adoption of BPM technologies will continue to grow,&quot; Tim Stanley, Global 360 regional sales director for Africa and the Middle East, told the news provider.<br/><br/>Goals of BPM include the need to cut costs and improve productivity. Those can also be achieved by utilizing a business process outsourcing (BPO) firm. BPO providers can handle the tasks, freeing companies to focus on other areas.<br/><br/>When practicing BPO, a recent ebizQ report advised companies to keep it simple. Expert Scott Cleveland suggested starting with an &quot;as-is process,&quot; remove non-value-added activities, and start there.]]></content:encoded></item>		<item><title>Filipino Call Center Industry to Grow 15 Percent by 2016</title><link>http://www.teletech.com/news/enterprise-management/filipino-call-center-industry-to-grow-15-percent-by-2016-800565934</link><pubDate>2011-08-01T00:00:00</pubDate><content:encoded><![CDATA[ Extending a stream of good news for the Filipino outsourcing sector, the Contact Center Association of the Philippines reported this week that the nation&#39;s call center industry will expand by 15 percent over the next five years.<br/><br/>According to the agency, the sector is expected to reach revenues of $14.7 billion and employ more than 816,000 Filipinos over the same period - double its current workforce.<br/><br/>While the forecast shows strong growth for the nation&#39;s business process outsourcing and call center markets, the five-year projection is lower than the 21 percent growth noted between 2006 and 2011, underscoring the need for the country to protect its firm standing as global hub of outsourcing activity.<br/><br/>&quot;The way to protect the No.1 slot is to improve the quality of execution and to continue the superior quality services,&quot; said Benedict Hernandez, president of the CCAP. &quot;We can point to the growth strategies our industry has undertaken to expand to new geographical markets and verticals as well as extend our capabilities in language support and high-value skills.&quot;]]></content:encoded></item>		<item><title>Market for VoIP Will Continue Upward Climb</title><link>http://www.teletech.com/news/contact-center-technology/market-for-voip-will-continue-upward-climb-800563211</link><pubDate>2011-07-29T00:00:00</pubDate><content:encoded><![CDATA[ Lowering the cost of communications is the top reason that many companies across North America are adopting voice over internet protocol (VoIP), according to the recently published North American Mobile VoIP Market 2010-2014 report.<br/><br/>During the study period, the report said it expected the North American market for VoIP solutions to increase at a compound annual growth rate of 57 percent. As with any <a href="http://www.teletech.com/solutions/hosted-technology">hosted technology</a>, the draw of VoIP is the fact that it requires little deployment resources and can reduce communications bills.<br/><br/>&quot;Unlike other communication mediums, mobile VoIP does not require extensive investment or equipment. Communication takes place via the internet, eliminating signal transfers through cells, base stations, and substations, thereby eliminating huge bills for mobile phones and reducing companies&#39; overall communication costs,&quot; the report stated.<br/><br/>Though strong growth is forecasted, adoption rates could be even better. The report said the market will expand even quicker once data security concerns are resolved.<br/><br/>In-Stat recently released a report that demonstrated strong enthusiasm for VoIP among small companies. Spending on the technology among this segment is expected to increase by 83 percent by 2015.]]></content:encoded></item>		<item><title>Mobile VoIP Growing Faster Than Video, Report Finds</title><link>http://www.teletech.com/news/contact-center-technology/mobile-voip-growing-faster-than-video-report-finds-800563213</link><pubDate>2011-07-29T00:00:00</pubDate><content:encoded><![CDATA[ Video streaming remains companies&#39; top choice when it comes to mobile data traffic, according to a new report, but the technology is not growing as quickly as voice over internet protocol (VoIP) on mobile devices.<br/><br/>Judging by the results of the new report from Allot Communications, VoIP is now the fastest-growing mobile application type. The technology experienced 101 percent growth during the first half of 2011. For comparison, video streaming was second on the list with 93 percent growth.<br/><br/>Video commands the market with 39 percent share, while VoIP trails with 4 percent. Still, this report demonstrated the exploding popularity of the latter.<br/><br/>More companies are turning to mobile VoIP solutions, because they can experience savings on mobile billing costs when voice calls are placed over the internet. According to a separate report, that will be among the most important market drivers for the technology during the next several years.<br/><br/>That report, the North American Mobile VoIP Market 2010-2014 report, predicted the technology to grow 57 percent annually during the next three years. Improved network and wireless bandwidth capabilities will also drive market growth.]]></content:encoded></item>		<item><title>Digital Strategies Revolve Heavily Around CRM</title><link>http://www.teletech.com/news/customer-management/digital-strategies-revolve-heavily-around-crm-800562451</link><pubDate>2011-07-28T00:00:00</pubDate><content:encoded><![CDATA[ When devising a digital strategy - a company&#39;s plan for leveraging the latest in technology to improve business processes - many organizations place the customer on center stage.<br/><br/>According to a recent Business Irregulars report, a digital strategy should center much of its efforts on customer relationship management (CRM), especially when it comes to social media. In leveraging social networking services, companies can decrease CRM costs, while also giving a boost to customer satisfaction and loyalty, according to the report.<br/><br/>In fact, the CRM industry has been naturally shifting in this direction.<br/><br/>&quot;Customer relationship management has been moving into the social sphere for several years now, though the practice is still early in the maturity stages,&quot; the report stated.<br/><br/>Other aspects of a digital strategy that should be executed with CRM in mind include the company&#39;s web presence and marketing campaigns, among others, according to Business Irregulars.<br/><br/>In a new report for CRM Buyer, industry expert Denis Pombriant acknowledged that traditional and social CRM have already merged into a single process. Social media has become too popular among customers for any company not to leverage or ignore.]]></content:encoded></item>		<item><title>Social CRM Exacting Lasting Changes</title><link>http://www.teletech.com/news/customer-management/social-crm-exacting-lasting-changes-800561344</link><pubDate>2011-07-27T00:00:00</pubDate><content:encoded><![CDATA[ There soon will come a time when traditional customer relationship management (CRM) and break-through social CRM will become one and the same. According to industry expert Denis Pombriant, that shift has already taken place.<br/><br/>In a recent report for CRM Buyer, Pombriant said the rise of social media may cause companies to change how they think about manufacturing. Specifically, they may now construct products with the customer more in mind.<br/><br/>&quot;With modern technology and perhaps the enlightenment that comes from being proven wrong, perhaps we can fashion a new culture that is both financially responsible and customer-centric,&quot; he wrote for the news provider.<br/><br/>With social media, customers now have easier access to communications with companies. And, given the popularity of services such as Facebook and Twitter, organizations are almost forced to listen to customers and their thoughts.<br/><br/>Social CRM has been a leading trend within the industry lately. Both experts, such as Pombriant, and those involved in social media have promoted the technology as a better way for companies and customers to interact, because services can streamline the communications.]]></content:encoded></item>		<item><title>Report Offers Tips for VoIP Transition</title><link>http://www.teletech.com/news/contact-center-technology/report-offers-tips-for-voip-transition-800560801</link><pubDate>2011-07-27T00:00:00</pubDate><content:encoded><![CDATA[ Once a solution is selected and purchased comes the time for a business to prepare for the transition from traditional landlines to voice over internet protocol (VoIP) for voice calling. A recent report from the Resource Nation offered tips for making such a move.<br/><br/>According to the report, a company must start by making sure its network is ready for the expanded workload. It advised companies to set aside at least 50 percent of internet bandwidth to handle VoIP calls, ensuring that call quality and clarity are upheld.<br/><br/>Next is managing the flow of calls. This could be especially important for a contact center, as, according to the report, a common mistake when adopting VoIP is failing to plan where calls will go.<br/><br/>Finally, it is necessary for companies to properly train employees. End-users will be the ones utilizing the new VoIP solution most often, so it&#39;s important that they are familiar with any new features and changes.<br/><br/>According to a recent report, the market for mobile VoIP solutions is expect to grow immensely during the next several years. That report predicted that the market will increase by a compound annual growth rate of 57 percent between 2010 and 2014.]]></content:encoded></item>		<item><title>Small Companies Embracing IT Telephony Solutions</title><link>http://www.teletech.com/news/contact-center-technology/small-companies-embracing-it-telephony-solutions-800559671</link><pubDate>2011-07-26T00:00:00</pubDate><content:encoded><![CDATA[ Small companies are among the top adopters for voice over internet protocol (VoIP) solutions and will continue to migrate their voice calling to the platform during the next several years, according to new In-Stat research.<br/><br/>The firm&#39;s latest report revealed that small offices - those with one to four employees - will increase their spending on VoIP by 83 percent between 2010 and 2015.<br/><br/>&quot;Broadband IP telephony offers a number of advantages for small businesses and [small offices and home offices]; primary among them is the low monthly service fee and negligible costs for long distance,&quot; Greg Potter, a research analyst for In-Stat, said.<br/><br/>Other report findings showed that mid-sized businesses will increase spending by 10 percent during the five-year research period. And spending on application-based VoIP solutions will increase 50 percent by 2015.<br/><br/>Making the transition to a VoIP solution is an important, and sometimes complicated, move for many companies. To help deal with any challenges, a recent Resource Nation report advised organizations to first ensure their network can handle the increased workload, manage the flow of calls and train employees on the new solution.]]></content:encoded></item>		<item><title>Data Management Can Improve Business Processes</title><link>http://www.teletech.com/news/enterprise-management/data-management-can-improve-business-processes-800558703</link><pubDate>2011-07-25T00:00:00</pubDate><content:encoded><![CDATA[ Companies looking to improve business processes may want to focus on master data management (MDM), as a recent Gartner report pointed to a correlation between the two.<br/><br/>Ahead of its recent Master Data Management Summit in Los Angeles, the research firm polled 300 organizations on their priorities for MDM. This year was the first time that analytics did not top the list and instead the top spot went to business process management (BPM).<br/><br/>&quot;This year, finally, we saw a breakthrough in that business performance and improved business processes were on top of that priority list,&quot; Gartner data management analyst Andrew White said during a recent webcast, according to TechTarget.<br/><br/>In making the connection between MDM and BPM, TechTarget gave the example of a claims process. With data management practices, companies can make changes around the processes more easily.<br/><br/>&quot;If we had that [claims information] in an MDM solution, that would allow us to start thinking about some of that process change,&quot; Robert Myers, a data architect for an insurer, said.<br/><br/>Still, many companies continue to turn to business process outsourcing (BPO). According to analyst firm NelsonHall, the BPO market will hit $450 billion by next year.]]></content:encoded></item>		<item><title>Philippines Continues Growth in BPO Market</title><link>http://www.teletech.com/news/enterprise-management/philippines-continues-growth-in-bpo-market-800558711</link><pubDate>2011-07-25T00:00:00</pubDate><content:encoded><![CDATA[ The market for business process outsourcing (BPO) is one area that has demonstrated continued growth for the Philippines, according to a recent report from the Manila Bulletin.<br/><br/>As of last year, according to the newspaper report, the Filipino BPO sector had created about 500,000 jobs and generated the $9 billion in exports for the island nation. The sector has also fostered growth in skilled jobs and technological development, according to the report.<br/><br/>&quot;The future for the services exports sector in the Philippines is limitless and we can expect higher world rankings as services exports play a larger role in Philippine economic growth,&quot; the Bulletin&#39;s report concluded.<br/><br/>Other sectors doing well in the Philippines include travel and tourism and banking and finance, according to the report. But further growth for the nation will depend on the BPO market.<br/><br/>Earlier this month, President Benigno Aquino said the Filipino government was in the process for making a more &quot;favorable environment&quot; for the BPO industry. Among the reforms were tax breaks and incentives for investors who focused on growing the sector within the country.]]></content:encoded></item>		<item><title>Customer Touch Points Key to Improving Business Processes</title><link>http://www.teletech.com/news/customer-management/customer-touch-points-key-to-improving-business-processes-800557672</link><pubDate>2011-07-22T00:00:00</pubDate><content:encoded><![CDATA[ Focusing on <a href="http://www.teletech.com/capabilities/integrated-customer-management">customer management</a> is one key area that companies must take into account when looking to improve business processes, according to a recent report from ebizQ.<br/><br/>Essentially, a company should evaluate customer touch points - areas where it comes in contact with consumers - to ensure that doing business with the organization is made easy. While other areas focus on cost cutting, this is a good way to improve revenue, according to the report.<br/><br/>&quot;Sure, we want to cut costs and be more efficient - but if you can make it easier for people to do business with you, you could also increase revenues,&quot; Scott Cleveland wrote for the news provider.<br/><br/>Improving business processes should be high on a company&#39;s list of priorities, Cleveland added, because doing so will enable the best possible business results.<br/><br/>One way to improve customer touch points is to focus on utilizing social media services. Many reports have addressed this issue lately, including one from Forrester Research that highlighted how customer relationship management is improved through social media, as communication between the two sides is streamlined and made more efficient.]]></content:encoded></item>		<item><title>Cloud Offers Myriad Benefits for Contact Centers</title><link>http://www.teletech.com/news/contact-center-technology/cloud-offers-myriad-benefits-for-contact-centers-800557664</link><pubDate>2011-07-22T00:00:00</pubDate><content:encoded><![CDATA[ Like many areas of an organizations, cloud computing solutions can offer numerous benefits to a company&#39;s contact center, according to a recent report from TMCnet.<br/><br/>For one, according to the news provider&#39;s contributing editor, Susan Campbell, the cloud represents a better choice than traditional computing models. That technology requires less capital and overhead expenditure, making it a more cost-effective option.<br/><br/>&quot;With the integration of the cloud in the contact center space, a number of companies are moving to launch the virtual call center. In doing so, they are enjoying a delivery platform that is much more affordable than the traditional brick and mortar approach,&quot; Campbell wrote.<br/><br/>Increased use of the cloud has also caused more companies to utilize at home agents, the report stated. That, in turn, has reduced attrition and made way for more satisfied employees and better overall <a href="http://www.teletech.com/capabilities/integrated-customer-management">customer management</a>.<br/><br/>Deployment of cloud services in the contact center may soon rise, as suggested by a recent PricewaterhouseCoopers report. The firm revealed that 29 percent of respondents plan to increase IT spending, and 40 percent will focus on the cloud, while 12 percent will prioritize offshore IT support, which includes hosted contact centers.]]></content:encoded></item>		<item><title>BPO, Services Sectors Help To Develop Economies Title Case?</title><link>http://www.teletech.com/news/enterprise-management/bpo-services-sectors-help-to-develop-economies-title-case-800558481</link><pubDate>2011-07-22T00:00:00</pubDate><content:encoded><![CDATA[ In many parts of the world, especially regions in southeast Asia, the business process outsourcing sector has been instrumental in helping developing nations continue to prosper and become economic players in world markets.<br/><br/>The relative accessibility of BPO services in the developing world, coupled with high demand among its economies, has helped countries such as the Philippines, China, Brazil, and several African republics establish a footing on the world stage.<br/><br/>Recently, the Manila Bulletin ranked the Filipino BPO sector among national industries that have grown rapidly thanks to technological development, ahead of tourism, banking, and finance.<br/><br/>&quot;The services export sector is now looming larger in the Philippine economy,&quot; the source reports. &quot;The expansion of services-driven business is led by the BPO sector. If the country intends to sustain its growth, further reforms are urged for other sectors, particularly in travel and tourism, according to a World Bank report.&quot;<br/><br/>BPO, as well as other services-oriented industries, have helped create jobs for the new global economy and are expected to continue to do so as educational infrastructures improve as well.]]></content:encoded></item>		<item><title>How to Leverage Social Data for CRM</title><link>http://www.teletech.com/news/customer-management/how-to-leverage-social-data-for-crm-800556933</link><pubDate>2011-07-21T00:00:00</pubDate><content:encoded><![CDATA[ The data companies pull from social media interactions can be highly valuable for customer relationship management (CRM) efforts, so long as it&#39;s used correctly, according to a recent Forrester Research blog post.<br/><br/>&quot;No matter what type of company you work for - indeed, whether you work directly with social media or not - you should be using social data right now,&quot; Nate Elliott wrote for the research firm.<br/><br/>For one, according to Elliott, companies should be using social data to react to customers. He said these platforms allow companies to hear about the good and the bad when it comes to them and their products. That information will ultimately make for a better conversation when engaging the customer, according to the blog.<br/><br/>Forrester also advised companies to use social media to develop messaging and to shape a media plan.<br/><br/>The use of social CRM has received a lot of attention lately, but it&#39;s also important to understand what not to do when engaging customers through social media, according to a recent E-Commerce Times report. It&#39;s important to further conversations, not cut them off, as Versace recently did when a scandal concerning their method for sandblasting jeans broke.]]></content:encoded></item>		<item><title>Outsourcing Contracts A Bit Slower In Second Quarter</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-contracts-a-bit-slower-in-second-quarter-800557402</link><pubDate>2011-07-21T00:00:00</pubDate><content:encoded><![CDATA[ Research and information services firm TCI reported this week that global outsourcing contract values fell by 21 percent during the second quarter of this year, driven largely by weak demand in the Americas.<br/><br/>In addition, while the business process outsourcing sector noted a gain in total contract value (TCV) during the first quarter, it slid in the second, tumbling 18 percent to a total of $4.9 billion. Even so, outsourcing contracts in Asia continue to show strong growth, noting a 55 percent year-over-year growth in TCV, compared to only 13 percent in Europe, the Middle East and Africa.<br/><br/>Even so, global contract values are down 20 percent compared to a year ago, the report noted, led in large part by troubles in the financial services sector.<br/><br/>&quot;Through the first six months of this year, clients have signed just four mega-deals, those awards with a TCV of $1 billion or more,&quot; reports Insurance Networking News. &quot;The $6 billion in mega-deal TCV in the first half of 2011 is down 40 percent from the first half of 2010 and is its smallest six-month contribution ever to overall TCV.&quot;]]></content:encoded></item>		<item><title>Consistency in Communications Key for CRM</title><link>http://www.teletech.com/news/customer-management/consistency-in-communications-key-for-crm-800555531</link><pubDate>2011-07-20T00:00:00</pubDate><content:encoded><![CDATA[ When communicating with a company, customers generally expect some level of consistency, no matter which channel they are using, according to a recent Forrester Research blog post.<br/><br/>That means companies must ensure the experience is the same whether engaging in voice, electronic or social interactions. For the best customer relationship management (CRM), Forrester outlined a number of fundamental elements organizations should follow.<br/><br/>The first is a unified communications model. That will solve the issue of consistency, according to the research firm.<br/><br/>Next is a unified view of customers. Agents need a full understanding of past communications with a customer, as well as their purchase histories, to be of the greatest use.<br/><br/>Finally, the report stated, is the need for unified knowledge of data. No matter the communication channel, agents will need access to the same data on each, because it&#39;s difficult to gauge which medium a customer prefers.<br/><br/>The growing popularity of social media services among both consumers and companies has made the platform a go-to for communications between the two. According to Network World, social interactions allow a firm to engage in a dialog with customers much quicker and easier than traditional methods.]]></content:encoded></item>		<item><title>KPMG: BPO Demand Level Among Global Service Providers</title><link>http://www.teletech.com/news/enterprise-management/kpmg-bpo-demand-level-among-global-service-providers-800556367</link><pubDate>2011-07-20T00:00:00</pubDate><content:encoded><![CDATA[ Leading business and IT service providers from around the world are showing greater demand for shared services models and internal process improvement, according to a survey released this week by consulting firm KPMG.<br/><br/>The report found more than half of respondents expect surges in demand for shared services delivery models and internal process improvement in coming months. Even so, demand for both business process and IT outsourcing services remained level.<br/><br/>&quot;The value proposition and success metrics for shared services operations are evolving,&quot; said Stan Lepeak, research director for KPMG&#39;s shared services and outsourcing advisory group. &quot;Leading organizations today receive measureable business value from shared services - above and beyond driving costs. This involves driving and improving overall business performance as well as competing for internal business on level ground with external service providers.&quot;<br/><br/>Sixty-six percent of respondents cited improvement in shared services and outsourcing governance processes and capabilities - in both IT and BPO - as the most common approach to improving service delivery.<br/><br/>The report highlights the role BPO and other outsourcing sectors have played in boosting businesses&#39; operational capacities. While hubs in China and the Philippines have led the trend, BPO sectors in Brazil, Africa and other regions are also anticipating growth.]]></content:encoded></item>		<item><title>Social Media Helping to Improve Customer Management</title><link>http://www.teletech.com/news/customer-management/social-media-helping-to-improve-customer-management-800554830</link><pubDate>2011-07-19T00:00:00</pubDate><content:encoded><![CDATA[ The world is seemingly shrinking all the time, as new forms of communication engage people across the globe quicker than ever.<br/><br/>Social media is one such new technology making for a smaller world, according to a recent Network World report. And, for this reason, companies should be leveraging social networking for better customer relationship management (CRM).<br/><br/>Through social media services, such as Facebook and Twitter, companies can engage in a dialog with customers much quicker and easier than traditional methods.<br/><br/>&quot;With always-on connectivity, social networking has the power to change cultures,&quot; the report stated. &quot;Social influences will continue to move rapidly between cultures.&quot;<br/><br/>This trend has already begun to spread. Companies today often have strong presence on Facebook, Twitter, and LinkedIn to inform customers, listen to their feedback, and continue a conversation. With the steady growth for social media, companies that aren&#39;t utilizing the technology are advised to do so in order to keep from falling behind.<br/><br/>Facebook chief information officer Tim Campos recently highlighted the benefits of social CRM at the recent Social Media Marketing and iCommerce Summit in Monte Carlo. Companies like his, Campos said, are changing customer-business communications.]]></content:encoded></item>		<item><title>Study: Contact Centers Can Save On Cloud-Based Services</title><link>http://www.teletech.com/news/contact-center-technology/study-contact-centers-can-save-on-cloud-based-services-800555223</link><pubDate>2011-07-19T00:00:00</pubDate><content:encoded><![CDATA[ Call centers and business process outsourcing institutions are constantly looking for technological means to boost operational capacity and improve efficiency, especially amid an increasingly competitive global marketplace.<br/><br/>According to a study released this week by research firm Frost &amp; Sullivan, call centers may be able to lower their handling and infrastructure costs by up to 43 percent over five years by adopting cloud-based equipment and technologies.<br/><br/>&quot;The study also found that the larger the call center is, the higher the savings are with the hosted model,&quot; reports Malaya Business Insight. &quot;Over five years, 100-seat centers averaged 23 percent savings, 250-seat centers averaged 34 percent savings, while 500-seat centers averaged 43 percent savings.&quot;<br/><br/>&quot;In addition,&quot; the source adds, &quot;more money is saved as more call center applications are hosted in the cloud.&quot;<br/><br/>Last week, research and consulting firm Saugatuck released a survey that found nearly half of all outsourcing deals are expected to be cloud-enabled by 2015, providing further evidence that cloud computing may come to be the dominant technology and data platform for the BPO sector and other tech industries worldwide.]]></content:encoded></item>		<item><title>Companies Should Follow Consumers' Lead and Embrace VoIP</title><link>http://www.teletech.com/news/contact-center-technology/companies-should-follow-consumers-lead-and-embrace-voip-800553324</link><pubDate>2011-07-18T00:00:00</pubDate><content:encoded><![CDATA[ People around the world are beginning to embrace voice over internet protocol (VoIP) to send and receive voice calls. Companies would do well to follow this lead and begin integrating VoIP technology into their contact centers.<br/><br/>According to statistics released by the European Commission, more consumers on the continent are making calls through their broadband internet connection to save money. In fact, the report stated, 65 percent of respondents to a recent poll said they had made a concerted effort to cut the amount of calls made on mobile devices because of the high cost.<br/><br/>This was evidenced by the fact that the number of consumers using the internet to make voice calls has risen 6 percent since the end of 2009 to reach 28 percent of respondents, according to the European Commission&#39;s research.<br/><br/>Further growth in this segment could be imminent, as more people gain access to high-speed internet. According to the U.K. government, 66 percent of households in the nation are connected to broadband.<br/><br/>By embracing the technology that is popular among consumers, companies may find it easier to meet customer relationship management goals. Also, VoIP can also allow organizations to save on resources when it comes to their contact centers.]]></content:encoded></item>		<item><title>Benefits of Hosted Contact Center are Twofold for SMBs</title><link>http://www.teletech.com/news/contact-center-technology/benefits-of-hosted-contact-center-are-twofold-for-smbs-800553327</link><pubDate>2011-07-18T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from TMCnet highlighted the fact that benefits of hosted solutions for contact centers are twofold for small- and medium sized-businesses (SMBs). That&#39;s because hosted solutions are both more affordable and allow smaller companies to utilize at-home agents.<br/><br/>&quot;The increasing quality of consumer internet services, coupled with software bringing home agents the same tools as those in the call center, means SMBs now share the home-based agent option,&quot; Chris DiMarco wrote for the technology news provider.<br/><br/>Traditionally, robust apps and at-home agents could only be used by larger enterprises. But, now, SMBs are finding it easier to improve customer relationship management through the use of <a href="http://www.teletech.com/solutions/hosted-technology">hosted technology</a>.<br/><br/>Benefits can also be found internally. According to the report, contact center employees with the ability to work from home are often found to be more satisfied with their jobs and tend to remain longer and develop skills.<br/><br/>A recent report from the Storage Network Industry Association found that CRM is a top choice for cloud deployments. Among 133 chief information and technology officers polled, all at companies with 500 or more employees have embraced the cloud in some form.]]></content:encoded></item>		<item><title>Global Outsourcing Revenue to Reach $464 Billion This Year</title><link>http://www.teletech.com/news/enterprise-management/global-outsourcing-revenue-to-reach-464-billion-this-year-800554149</link><pubDate>2011-07-18T00:00:00</pubDate><content:encoded><![CDATA[ The global outsourcing industry is expected to continue its rapid expansion this year, with the Philippines asserting its role as a major player in the IT-BPO sector, according to a report released this week by research and consulting firm XMG Global.<br/><br/>Total market value for the global outsourcing sector is expected to reach $464 billion this year, marking a 9.2 percent hike over the $425 billion noted in 2010. Meanwhile, the Philippines, with its strong business process outsourcing market, will hold the third spot with revenue estimated at $10.7 billion - a 7.4 percent share of the global outsourcing market.<br/><br/>&quot;Given the continued growth of competition and increasing demand from other countries besides the U.S. and Europe, XMG Global expects a sustained displacement and redistribution of market share not only between India and China but in other emerging outsourcing destinations such as Brazil, Mexico, and Malaysia,&quot; reported XMG Global chief analyst Lauro Vives, according to Newsbytes Philippines.<br/><br/>As the U.S. economy continues a slow economic recovery, many international markets are left waiting for demand to pick up alongside the country&#39;s activity.]]></content:encoded></item>		<item><title>CIOs Embracing the Cloud, Especially for CRM</title><link>http://www.teletech.com/news/customer-management/cios-embracing-the-cloud-especially-for-crm-800552831</link><pubDate>2011-07-15T00:00:00</pubDate><content:encoded><![CDATA[ There seems to be no end in sight for the ever-expanding popularity of cloud computing, as companies around the world operating in various industries are now leveraging the technology.<br/><br/>A recent poll released by the Storage Networking Industry Association revealed that customer relationship management (CRM) is a popular area for the cloud.<br/><br/>Overall, the report found that 75 percent of the 133 chief information officers and chief technology officers polled said their company already has or plans to deploy a cloud-based solution. All companies with 500 or more employees said they have cloud strategies at least in the works.<br/><br/>Currently, according to the report, many of those polled said their cloud services are centered on either email or CRM applications. Concerns over performance and security are preventing companies from expanding use of hosted technologies, the report said.<br/><br/>CRM is gaining a lot of attention lately. At the Social Media Marketing and iCommerce Summit in Monte Carlo, Facebook CIO Tim Campos urged companies to focus on social media for CRM, because sites like his company&#39;s streamline communications with current and potential customers.]]></content:encoded></item>		<item><title>Filipino Government Moving To Stimulate Training In BPO Sector</title><link>http://www.teletech.com/news/enterprise-management/filipino-government-moving-to-stimulate-training-in-bpo-sector-800553119</link><pubDate>2011-07-15T00:00:00</pubDate><content:encoded><![CDATA[ This week, the Filipino Department of Science and Technology stressed the importance of information and communications technology (ICT) in helping to drive growth in the country&#39;s business process outsourcing sector.<br/><br/>While the BPO industry has grown markedly in recent years to employ hundreds of thousands of Filipinos, the sector is beginning to confront challenges in finding qualified candidates for new positions. Part of the reason for this is that the industry is increasingly becoming a tech- and ICT-focused outsourcing hub - a trend that requires educational institutions to begin focusing more on developing these skills.<br/><br/>&quot;We assure the public, especially the IT-BPO industry, that the new ICT Office provides us the path to a leaner and more efficient ICT regime that&#39;s committed to transparent and reliable e-governance system and industry growth,&quot; the Sun Star quotes DOST spokesperson Raymund Liboro as saying, referring to a recently passed government law.<br/><br/>Executive Order 47 will aim to harmonize government ICT policies and programs and drive BPO development into higher value added products and services, Liboro added.]]></content:encoded></item>		<item><title>Companies Should Embrace Social Media for CRM</title><link>http://www.teletech.com/news/customer-management/companies-should-embrace-social-media-for-crm-800551282</link><pubDate>2011-07-14T00:00:00</pubDate><content:encoded><![CDATA[ Facebook, the global leader in social networking, is encouraging companies of all sizes to embrace social media in order to practice more effective customer relationship management, according to industry news provider Marketing.<br/><br/>With membership reaching 750 million this month, Facebook literally reaches to all ends of the globe. And, by utilizing the platform, companies can better communicate with their customers, gain feedback and insight into how to improve and expand their bases.<br/><br/>&quot;Social CRM is the ultimate opportunity for marketing and IT to come together to transform business,&quot; Tim Campos, chief information officer at Facebook, said at the recent Social Media Marketing and iCommerce Summit in Monte Carlo.<br/><br/>Social media is also a good way to spread a company&#39;s message, as Campos cited a recent report that revealed more than half of Americans get their news from interacting with friends.<br/><br/>A similar report from the IDG News Service reflected Campos&#39; views. According to the news provider, social media offers an enhanced, and inexpensive, vehicle for communication that can never be achieved by traditional methods, such as direct mail and older technologies.]]></content:encoded></item>		<item><title>BPO Market Could Continue to Expand in Philippines</title><link>http://www.teletech.com/news/enterprise-management/bpo-market-could-continue-to-expand-in-philippines-800550879</link><pubDate>2011-07-14T00:00:00</pubDate><content:encoded><![CDATA[ The burgeoning market for business process outsourcing (BPO) in the Philippines recently received a boost from President Benigno Aquino, when he said the government plans to foster a &quot;favorable environment&quot; for the industry.<br/><br/>According to Filipino news provider GMA News, Aquino&#39;s administration has made business registration easier, re-evaluated the taxation process, and reduced the required documents need for bidding on public works projects.<br/><br/>&ldquo;We want to see more businesses opening, and to see many more skilled Filipinos being employed. More businesses open, the more opportunities our countrymen will have to show what they are capable of,&quot; Aquino said at a recent event.<br/><br/>Also, the government is offering incentive to those that invest in the BPO industry. For example, investors are provided with six to eight years of income tax holidays for pouring money into the BPO market. According to the news provider, that allowed the sector to gain net margins of 11 to 21 percent in 2010.<br/><br/>When engaging in business process outsourcing, many companies are choosing to focus on contact centers, according to experts. That allows for greater communication and customer management.]]></content:encoded></item>		<item><title>Technology influencing management of BPO operations</title><link>http://www.teletech.com/news/enterprise-management/technology-influencing-management-of-bpo-operations-800552148</link><pubDate>2011-07-14T00:00:00</pubDate><content:encoded><![CDATA[ The Filipino business process outsourcing industry is shifting. As technology continues to evolve, new methods of tackling traditional business operations are beginning to take hold.<br/><br/>One way BPO clients and call centers are handling innovation is by delegating automated responses to less complicated tasks. For example, automated response systems are becoming thorough enough to handle more simple issues and operations, while complicated tasks are reserved more talented individuals. The latter has caused much of the Filipino industry&#39;s job creation.<br/><br/>However, as technology progresses, many analysts and business leaders expect the gap between simple, automated solutions and complex, human tasks to narrow.<br/><br/>&quot;Emerging technologies such as social media are not only changing the way people communicate, but are influencing the services offered by business process outsourcing (BPO) firms as well,&quot; writes JM Tuazon for GMA News.<br/><br/>The Business Processing Association of the Philippines recently reported that the country&#39;s non-voice BPO sector outpaced the contact center industry in 2010, posting 30 percent growth.<br/><br/>&quot;Moreover,&quot; Tuazon adds, &quot;BPO clients dealing with new technologies such as smartphones and tablets call for more advanced troubleshooting skills.&quot;]]></content:encoded></item>		<item><title>Many Companies Going Social for CRM Efforts</title><link>http://www.teletech.com/news/customer-management/many-companies-going-social-for-crm-efforts-800550178</link><pubDate>2011-07-13T00:00:00</pubDate><content:encoded><![CDATA[ Social networking websites, such as Facebook and Twitter, were originally billed as a means for groups of friends to remain in touch.<br/><br/>However, as a recent IDG News Service report attests, many companies have found the platforms can also be used for customer relationship management (CRM). According to the report, social media give companies and customers a direct means for communication.<br/><br/>&quot;What&#39;s hard about direct mail and other older technologies ... [is there are no] inexpensive ways to capture the voice of the customer in the past,&quot; social CRM researcher Denis Pombriant told the news provider. &quot;But with social media tools, if you listen, you can learn a lot about customer demand, biases, and more.&quot;<br/><br/>Through such communications, the report stated, companies can learn much about their customers and use the insight in future business processes.<br/><br/>In a report for CRM Buyer, Pombriant advised companies to avoid &quot;anti-CRM.&quot; For example, in response to a controversy over sandblasting of jeans, high-end brand Versace responded by stripping criticisms from its Facebook page instead of engaging its customers.]]></content:encoded></item>		<item><title>Important for Companies to Avoid Anti-CRM</title><link>http://www.teletech.com/news/customer-management/important-for-companies-to-avoid-anti-crm-800549158</link><pubDate>2011-07-12T00:00:00</pubDate><content:encoded><![CDATA[ Practicing customer relationship management (CRM) essentially enhances a company&#39;s transparency and communications with its customers, which is why it&#39;s necessary to avoid anti-CRM, according to a recent CRM Buyer report.<br/><br/>The news provider highlighted several examples of recent events that demonstrated what not to do to build relationships with customers.<br/><br/>Versace was one such company guilty of practicing anti-CRM, according to the report. Following criticism of its method for sandblasting jeans - which may endanger the health of workers - the company took down all mentions of the incident from its Facebook page.<br/><br/>&quot;Rather than deal with the tempest, the company decided to sandblast its Facebook page, removing all mention of the protest,&quot; Denis Pombriant wrote.<br/><br/>That, according to CRM Buyer, left Versace looking irresponsible and a company that did not care for CRM initiatives.<br/><br/>Unlike this case of anti-CRM, the practice is becoming a main focus for many companies, so much so that CRM has grown to become the largest segment for Software-as-a-Service (SaaS) solutions. According to Gartner, the market will reach $3.8 billion this year, after topping $3.2 billion in 2010.]]></content:encoded></item>		<item><title>Cloud And IT To Forge Shift In Global BPO Market</title><link>http://www.teletech.com/news/enterprise-management/cloud-and-it-to-forge-shift-in-global-bpo-market-800550065</link><pubDate>2011-07-12T00:00:00</pubDate><content:encoded><![CDATA[ While cloud- and IT-based technologies have been instrumental in spurring the growth of the global outsourcing and call center markets, the progression of globalization has also been key in opening new markets.<br/><br/>A survey released this week by research and consulting firm Saugatuck points out how IT and business process outsourcing markets are undergoing a fundamental structural shift as a result of new technologies and growth trends, underscoring the need for industry leaders to adopt strategies that place them ahead of the tightening market.<br/><br/>According to the report, roughly half of all outsourcing deals are expected to be at least partially cloud-enabled by 2015. Over the same period, BPO utilities will emerge as the &quot;preferred means of consuming horizontal/commoditized BPO offerings such as F&amp;A, procurement, and HR.&quot;<br/><br/>&quot;The IT and BPO services market is undergoing a period of deep structural change that is challenging the finely tuned market positions and business models of traditional services providers,&quot; the report notes.<br/><br/>Meanwhile, global outsourcing revenues are expected to grow at a compound annual growth rate of 8.35 percent by 2016, according to a recent survey by Frost &amp; Sullivan.]]></content:encoded></item>		<item><title>Companies May Focus Higher IT Spending on Hosted Contact Centers</title><link>http://www.teletech.com/news/contact-center-technology/companies-may-focus-higher-it-spending-on-hosted-contact-centers-800548562</link><pubDate>2011-07-11T00:00:00</pubDate><content:encoded><![CDATA[ Companies increasing their IT spending during the next 12 months may focus the resources on utilizing hosted contact centers, suggests a new wide-reaching report from PricewaterhouseCoopers.<br/><br/>The firm&#39;s Private Company Trendsetter Barometer revealed that 29 percent of companies surveyed plan to increase their IT spending. Of those, 12 percent said they planned to allocate the resources for offshore IT support, which includes hosted contact centers.<br/><br/>&quot;Technology plays a critical role in driving global growth and competitiveness for private companies,&quot; said PricewaterhouseCoopers&#39; Ken Esch, a partner in the company&#39;s Private Company Services practice.<br/><br/>With greater investment in contact centers, 19 percent of respondents said they would be aiming to speed innovation. Just 8 percent of respondents said they would choose to focus on maintenance of systems already in place.<br/><br/>The expansion of the voice over internet protocol (VoIP) market is also having an impact on contact centers. According to the recently released VOIP Providers report, there is so much choice in the market today that companies must be sure to utilize the correct solution and vendor to reap the full benefits of the technology.]]></content:encoded></item>		<item><title>Education in the Filipino BPO sector</title><link>http://www.teletech.com/news/enterprise-management/education-in-the-filipino-bpo-sector-800548924</link><pubDate>2011-07-11T00:00:00</pubDate><content:encoded><![CDATA[ The Filipino Business Process Outsourcing market has blossomed over the past 10 years, helping the country create hundreds of thousands of new jobs and become a player in world markets.<br/><br/>Experts cite the country&#39;s growing population of educated, English-speaking professionals as leading the charge, but now, many others are beginning to point toward a cultural shift as also furthering the progression.<br/><br/>&quot;When companies around the world figure out the value chain of services, the Philippines will have an advantage,&quot; Rembert de Villa, head of transformation services at a New York-based BPO firm, told Inquirer Business. &quot;We have a lot of professionals in finance, healthcare and legal services and our culture is aligned to the United States.&quot;<br/><br/>De Villa added that education is critical to the continued growth of the Filipino BPO sector, which will soon demand professionals with PhD&#39;s, master&#39;s degrees, law credentials and other highly specified qualifications.<br/><br/>He also pointed out the country&#39;s large English-speaking population as being a principle advantage. As the sector further develops, the need to offer effective outsourcing solutions will arise as well.]]></content:encoded></item>		<item><title>VoIP Market Continues to Expand, Choices Abound for Companies</title><link>http://www.teletech.com/news/contact-center-technology/voip-market-continues-to-expand-choices-abound-for-companies-800547229</link><pubDate>2011-07-08T00:00:00</pubDate><content:encoded><![CDATA[ The market for voice over internet protocol (VoIP) communications continues to expand at an exponential rate, giving companies more choices when it comes to saving money in their contact center, according to the recent VOIP Providers report.<br/><br/>According to Research in Markets, which has announced the inclusion of the report into its library, the market for VoIP is exploding. Vendors are constantly releasing new products that can cut communications costs, especially for larger enterprises that regularly field international calls.<br/><br/>The report also said that utilizing the correct solution is key to how much an organization&#39;s contact center will save.<br/><br/>&quot;Choosing the right [VoIP] service for your specific need and calling pattern, especially if you make regular international calls, can save you a small fortune every month,&quot; according to Research and Markets.<br/><br/>Several recent reports have also highlighted the growth for the mobile VoIP market. According to In-Stat, there will be 83 million mobile VoIP lines in use by 2015. The research firm said high adoption rates can be attributed to easy deployments for VoIP lines, the portability of the technology and better indoor wireless service, among other factors.]]></content:encoded></item>		<item><title>CRM is Largest Market for Hosted Solutions, Gartner Says</title><link>http://www.teletech.com/news/contact-center-technology/crm-is-largest-market-for-hosted-solutions-gartner-says-800547237</link><pubDate>2011-07-08T00:00:00</pubDate><content:encoded><![CDATA[ The Software-as-a-Service (SaaS) portion of the cloud computing market has proven to be the most popular segment. Digging deeper, it appears that many companies are implementing SaaS solutions geared toward customer relationship management (CRM), according to Gartner.<br/><br/>In a new report from the market research firm, it was revealed that revenue for SaaS solutions within the CRM market will top $3.8 billion this year, after reaching $3.2 billion in 2010. Also, Gartner expects SaaS to account for almost 32 percent of the CRM software market this year.<br/><br/>&quot;The market landscape for on-demand CRM continues to evolve and mature as the availability and use of SaaS solutions become more pervasive,&quot; Tom Eid, research vice president at Gartner, said. &quot;Greater market competition and increased focus on megavendors reinforce the legitimacy of on-demand solutions.&quot;<br/><br/>Overall, Gartner is expecting the global market for SaaS to reach $12.1 billion, an increase of more than 20 percent.<br/><br/>SaaS isn&#39;t the only factor currently affecting the quality and implementation of CRM. According to a recent report from Integration Developer News, combining mobility with business processes can drastically improve customer management.]]></content:encoded></item>		<item><title>Growth in Asian BPM Sector Likely to Trail BPO Expansion</title><link>http://www.teletech.com/news/enterprise-management/growth-in-asian-bpm-sector-likely-to-trail-bpo-expansion-800547957</link><pubDate>2011-07-08T00:00:00</pubDate><content:encoded><![CDATA[ As a number of recent surveys have shown the global business process outsourcing industry expanding despite slowdowns in world markets, the need to develop process management capabilities has grown as well.<br/><br/>According to a survey released this week by Gartner, spending on business process management projects and technologies is expected to grow markedly in the Asia/Pacific region this year.<br/><br/>Specifically, more than half of surveyed companies - 54 percent - plan to increase their spending on BPM by 5 percent or more. Additionally, nearly 20 percent plan to increase budgets by more than 10 percent this year.<br/><br/>&quot;Many of these budget increases are driven by the fact that BPM is focused on improving business outcomes and explicitly meets the objectives of many organizations&#39; return-to-growth strategies,&quot; Teresa Jones, principal research analyst at Gartner, explained.<br/><br/>&quot;Many countries in Asia/Pacific are exhibiting strong economic growth, which correlates well with increased IT spending generally,&quot; Jones added.<br/><br/>Global business process outsourcing revenues are projected to reach $479.3 billion by 2016, according to Frost &amp; Sullivan, paving the way for a correlated expansion of both BPO and BPM markets.]]></content:encoded></item>		<item><title>Combining Mobility, BPM Improves Customer Management, Expert Says</title><link>http://www.teletech.com/news/customer-management/combining-mobility-bpm-improves-customer-management-expert-says-800546047</link><pubDate>2011-07-07T00:00:00</pubDate><content:encoded><![CDATA[ More companies than ever are realizing firsthand the benefits of deploying an enterprise mobility program. According to one expert, among the most important are improved businesses responsiveness and customer management.<br/><br/>Writing for Integration Developer News, business process management (<span data-scayt_word="BPM" data-scaytid="16">BPM</span>) expert <span data-scayt_word="Medhat" data-scaytid="18">Medhat</span> <span data-scayt_word="Galal" data-scaytid="19">Galal</span> demonstrated how a company can benefit from combining mobility with <span data-scayt_word="BPM" data-scaytid="17">BPM</span>. He highlighted several occasions where such integration is necessary.<br/><br/>Essentially, mobility plays off the fact that all customer interactions overlap with numerous processes, departments, and employees within a company.<br/><br/>&quot;Stakeholders can first collaborate properly on [an] event and drive faster decisions,&quot; he wrote. &quot;The data is not hidden in some summary report, or some weekly update meeting. It is right there at their fingertips - in real time.&quot;<br/><br/>He added that poor customer relationship management (CRM) occurs when operators are the only main players for their process. Mobility will break these walls down, <span data-scayt_word="Galal" data-scaytid="20">Galal</span> said.<br/><br/>Mobile applications for business-to-employee and business-to-customer functions are becoming increasingly important. According to a recent report from <span data-scayt_word="ABI" data-scaytid="21">ABI</span> Research, there will be 830 million users of such apps worldwide in 2015.]]></content:encoded></item>		<item><title>Outsourcing From An Executive's Perspective</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-from-an-executive-s-perspective-800546921</link><pubDate>2011-07-07T00:00:00</pubDate><content:encoded><![CDATA[ According to business professor and Ottawa Business Journal contributor Michael Kelly, the global business process outsourcing industry is worth roughly $450 billion. The sector continues to account for a large portion of both business and government growth projections, as many developing economies have turned to <span data-scayt_word="BPO" data-scaytid="3">BPO</span> as a source of job creation and market stimulus.<br/><br/>However, Kelly adds, many businesses don&#39;t fully understand how outsourcing can help them nor how they should properly implement such services.<br/><br/>&quot;It appears that many were looking for outsourcing to provide a quick fix,&quot; Kelly writes for the source, referencing conversations with a number of business executives. &quot;They selected suppliers haphazardly, and pretty much left the deals to manage themselves.&quot;<br/><br/>&quot;Most admitted that, in retrospect, they paid too little attention to the capabilities required to manage the contract or creating a governance structure to monitor and ensure their objectives were being met,&quot; he added.<br/><br/>Kelly argues further that executives and decision-makers need to choose the right suppliers and to establish management policies that ensure competency of and reliability of all outsourced processes.]]></content:encoded></item>		<item><title>Organization Honors TeleTech for Employing Military Spouses</title><link>http://www.teletech.com/news/customer-management/organization-honors-teletech-for-employing-military-spouses-800545161</link><pubDate>2011-07-06T00:00:00</pubDate><content:encoded><![CDATA[ The Military Spouse Employment Partnership (<span data-scayt_word="MSEP" data-scaytid="3">MSEP</span>) recently announced that <span data-scayt_word="TeleTech" data-scaytid="5">TeleTech</span>, a global leader in customer relationship management (CRM) and business process outsourcing, has joined its ranks.<br/><br/><span data-scayt_word="TeleTech" data-scaytid="6">TeleTech</span> now becomes the 57th partner of the organization. All partners offer careers that are suited for the specific needs of military spouses.<br/><br/>&quot;<span data-scayt_word="TeleTech" data-scaytid="7">TeleTech</span> is proud to support America&#39;s military forces by offering attractive, flexible employment opportunities to military spouses,&quot; Mike <span data-scayt_word="Jossi" data-scaytid="8">Jossi</span>, <span data-scayt_word="TeleTech's" data-scaytid="9">TeleTech&#39;s</span> executive vice president of global human capital, said. &quot;<span data-scayt_word="TeleTech@Home" data-scaytid="10">TeleTech@Home</span> welcomes these high caliber, reliable candidates and is committed to helping military spouses obtain career-sustaining employment that contributes to their family&#39;s financial security.&quot;<br/><br/>The firm&#39;s <span data-scayt_word="TeleTech@Home" data-scaytid="11">TeleTech@Home</span> offers military spouses the opportunity to work as at home agents. Such positions may include customer experience associate, technical service representative, multilingual customer service associate, and numerous supervisory roles, according to the company.<br/><br/>The <span data-scayt_word="U.S" data-scaytid="1">U.S</span>. Department of Defense launched the <span data-scayt_word="MSEP" data-scaytid="4">MSEP</span> program last month help spouses of military personnel serving at home and abroad land employment opportunities. Jill Biden, wife of Vice President Joe Biden, helped unveil the partnership program during an event at the <span data-scayt_word="U.S" data-scaytid="2">U.S</span>. Chamber of Commerce.]]></content:encoded></item>		<item><title>Outsourcing Summit to Focus on BPO Growth Strategy</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-summit-to-focus-on-bpo-growth-strategy-800545712</link><pubDate>2011-07-06T00:00:00</pubDate><content:encoded><![CDATA[ Business process outsourcing is expected to play a significant role in Bahrain&#39;s expanding economic and cultural climate over the next decade, according to an account by Joe <span data-scayt_word="Tawfik" data-scaytid="3">Tawfik</span>, chief executive officer of management firm <span data-scayt_word="Silah" data-scaytid="6">Silah</span> Gulf.<br/><br/><span data-scayt_word="Tawfik" data-scaytid="4">Tawfik</span> is expected to speak at the Future Global 100 (<span data-scayt_word="FG100" data-scaytid="7">FG100</span>) initiative in Singapore - a roundtable event that will discuss the emerging role of the <span data-scayt_word="BPO" data-scaytid="8">BPO</span> industry, according to the Gulf Daily News.<br/><br/>Attendants will also discuss how companies can adopt outsourcing and call center strategies to advance their businesses and how public and private entities can support growth in the burgeoning global industry.<br/><br/>&quot;Economic growth is a very pertinent topic today and given the hyper-connected global marketplace we operate in, it needs to be discussed, <span data-scayt_word="strategized" data-scaytid="10">strategized</span> and implemented from an international level,&quot; said <span data-scayt_word="Tawfik" data-scaytid="5">Tawfik</span>, according to the source. &quot;Nations can no longer plan for economic prosperity without incorporating, engaging and having a strategy around their involvement in the global economy.&quot;<br/><br/><span data-scayt_word="BPO" data-scaytid="9">BPO</span> markets in the Philippines and Brazil have also been touted as examples of markets that are adopting their economies to embrace the expansion potential of outsourcing.]]></content:encoded></item>		<item><title>IVR Systems Can Enable Customer Service</title><link>http://www.teletech.com/news/contact-center-technology/ivr-systems-can-enable-customer-service-800543992</link><pubDate>2011-07-05T00:00:00</pubDate><content:encoded><![CDATA[ If an interactive voice response (IVR) system is managed well and offers consumers the options they need to reach the right customer service representative, they can be a boon for consumers. However, a poorly-managed IVR has the potential to create frustration that pushes customers away.<br/><br/>The duplicitous potential of IVR systems is explained in a recent Business2Community report, which tells the story of a consumer calling a major bank&#39;s customer service desk.<br/><br/>According to the report, the consumer involved needed to transfer funds between a mortgage and general account, but had forgotten his login information for electronic banking because he had not accessed his mortgage account for years.<br/><br/>When he first called the bank, he moved quickly through the IVR and it met his needs perfectly. However, a second call was needed, and the IVR system was frustratingly unhelpful in this instance.<br/><br/>The report said IVRs can be incredibly helpful, but warned that they need to be designed from a customer&#39;s perspective to be effective.<br/><br/>The duplicitous potential of IVR platforms is not a reason to avoid the technology, it is an example of how important it is to get them right. A good IVR system has the potential to improve customer service while acting as a brand creation tool, TMCnet reports.]]></content:encoded></item>		<item><title>Real Community Lessons Apply to Social CRM</title><link>http://www.teletech.com/news/customer-management/real-community-lessons-apply-to-social-crm-800543381</link><pubDate>2011-07-01T00:00:00</pubDate><content:encoded><![CDATA[ When dealing with social customer relationship management (CRM), it is easy to fall into the trap of considering every individual as a digital entity. However, it is important to recognize that the digital communities created by social networks are similar, in some ways, to tangible communities.<br/><br/>A recent CRM Buyer report explained businesses that focus on social CRM need to evaluate the best ways to create a real sense of community using social networks. Real-world lessons can teach businesses how to develop social communities.<br/><br/>For example, the report&#39;s author said he went on a service trip to a community in California. The town was struggling because many of the local home owners consider their houses vacation properties. Therefore, only a small number of people are actively involved in day-to-day activities.<br/><br/>When deploying social CRM, it is important to not have too many &quot;vacation home&quot; subscribers that are members of the community but do not participate. The report said social CRM deployments require at least a few power users to create energy and involvement to get the community going.<br/><br/>Social CRM also has the potential to impact email marketing programs. A recent ClickZ report said understanding social media demographics can help companies improve how they target email marketing campaigns.]]></content:encoded></item>		<item><title>Asia-Pacific CRM Sector Growing Fast</title><link>http://www.teletech.com/news/customer-management/asia-pacific-crm-sector-growing-fast-800541657</link><pubDate>2011-06-30T00:00:00</pubDate><content:encoded><![CDATA[ Industry experts are often quick to debate the merits of an on-premise or cloud-based customer relationship management (CRM) platform, but analysts from Gartner and IDC recently told CIO magazine that both sectors are rising fast.<br/><br/>The CRM industry is growing as a whole regardless of which format businesses choose, as more companies are emphasizing customer service and interaction as key needs.<br/><br/>Praveen Sengar, principal research analyst for e-commerce and CRM at Gartner, told the news source the CRM market grew 21 percent year-over-year in 2010, reaching approximately $1 billion in revenues in the Asia-Pacific and Japan region.<br/><br/>Rasika Versleijen-Pradhan, senior services analyst at IDC New Zealand, attributes this growth to a growing emphasis on customer service. Versleijen-Pradhan told CIO magazine businesses in New Zealand are increasingly using mobile technologies, collaboration, and social networks to foster CRM initiatives in an effort to improve customer support.<br/><br/>As more companies emphasize CRM and customer service, the trend toward social CRM could continue to grow. A recent CRM Buyer report said many businesses are waiting to clearly evaluate return on investment (ROI) before implementing social CRM. However, ROI from social CRM could prove to be so high that it eventually becomes a social CRM driver, according to the report.]]></content:encoded></item>		<item><title>Revenue Creation could Fuel Social CRM Growth</title><link>http://www.teletech.com/news/customer-management/revenue-creation-could-fuel-social-crm-growth-800541660</link><pubDate>2011-06-30T00:00:00</pubDate><content:encoded><![CDATA[ Using social customer relationship management (CRM) to engage with consumers and clients through online channels is rising as a popular enterprise tool. However, the technique cannot truly take hold until major corporations embrace it. For that to happen, businesses need to see a clear revenue-related impetus to deploy the technology, a recent CRM Buyer report said.<br/><br/>According to the report, determining a return on investment (ROI) for social CRM technologies is challenging, but growing travel expenses could end up fueling social CRM&#39;s growth.<br/><br/>Rising fuel costs are making travel more expensive. Furthermore, expensive fuel is not a small issue, as supply is not consistently meeting demand, the report said. This is making business travel cost-prohibitive and many companies are realizing that social tools could be the most effective way to overcome these costs. As a result, social CRM&#39;s future growth could be dramatically spurred by high fuel prices that help increase the technology&#39;s ROI, the report said.<br/><br/>Similar trends are emerging around the world, where more companies are emphasizing customer service and investing in CRM solutions. In a recent CIO magazine report, IDC and Gartner analysts said the Asia-Pacific and Japan region is experiencing meteoric growth in CRM investments.]]></content:encoded></item>		<item><title>Customers Should be the Focus of Business Processes</title><link>http://www.teletech.com/news/customer-management/customers-should-be-the-focus-of-business-processes-800540803</link><pubDate>2011-06-29T00:00:00</pubDate><content:encoded><![CDATA[ Business processes often emphasize finding the most efficient, inexpensive way to get any job done. However, growing competition and an increasingly adaptable consumer-base are making a customer-centric approach key to business process management (BPM), ebizQ reports.<br/><br/>According to the report, a variety of popular BPM schemes have been devised in recent years, but the key for businesses choosing any method for BPM improvement is to focus on improving customer relationships.<br/><br/>The report explained that businesses can no longer simply hope to create happy customers. This will lead to customers choosing whichever deal serves them best at any time. Instead, the report said organizations need to emphasize creating ecstatic customers.<br/><br/>Making customers ecstatic about services provided will not just create a sense of loyalty, it will also increase the likelihood of having that customer recommend a businesses services. As a result, companies need to emphasize the customer when developing BPM strategies.<br/><br/>BPM&#39;s ability to create customer loyalty can make it a technology that helps businesses thrive in difficult economic times. A recent Enterprise Apps Today report said BPM solutions are capable of fostering revenue strategies during challenging economic periods because they often automate tasks between departments.]]></content:encoded></item>		<item><title>CRM Also Applies to Marketing Agencies and Their Clients</title><link>http://www.teletech.com/news/customer-management/crm-also-applies-to-marketing-agencies-and-their-clients-800540789</link><pubDate>2011-06-29T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) is quickly turning into a guiding principle for enterprise processes instead of a simple customer service scheme. Therefore, marketing agencies should look at CRM platforms and think of them as client relationship management as well, Marketing Tools reports.<br/><br/>According to the report, CRM applies to an agency&#39;s clients just as much as it does to customers because business partnerships and other similar relationships are becoming just as fluid as customer interactions.<br/><br/>As a result, agencies need to develop ways to flexibly and rapidly engage their clients to maximize interactions.<br/><br/>To accomplish this, the report said agencies should focus on creating a sense of community with clients, developing connections between employees and clients, provide clients with relevant content that helps their processes, and creatively develop new experiences that will help clients complete their business objectives.<br/><br/>CRM is rapidly becoming a vast arena that businesses use for a diverse range of purposes. A recent Smart Company report explains CRM has evolved into a robust business strategy that plays a vital part in almost every aspect of customer service, marketing, and sales operations.]]></content:encoded></item>		<item><title>CRM More Than Just Software</title><link>http://www.teletech.com/news/customer-management/crm-more-than-just-software-800539773</link><pubDate>2011-06-28T00:00:00</pubDate><content:encoded><![CDATA[ The customer relationship management (CRM) industry has matured significantly in the past few years and is no longer a basic software system used to track customer data.<br/><br/>According to a recent SmartCompany report, CRM has grown from a basic software system that often failed at meeting business&#39; needs to a pervasive enterprise tool that combines software, social media, and marketing technologies to provide a critical enterprise platform for customer service and engagement.<br/><br/>The report explained CRM is not much more than software and has emerged as a critical marketing channel. Therefore, businesses need to prioritize CRM as a strategic tool that will act as a communications channel to connect all departments to foster growth.<br/><br/>CRM is no longer simply a tool used by the sales team to track customer data. It is an asset that businesses can develop and eventually sell to generate significant revenue, the report said.<br/><br/>CRM can also provide the foundation for social marketing initiatives. According to a recent ClickZ report, the operational principles that define CRM can be applied to social marketing strategies to develop a clear return on investment and improve lead generation.]]></content:encoded></item>		<item><title>Many Consumers Dissatisfied With Call Center Customer Service</title><link>http://www.teletech.com/news/customer-management/many-consumers-dissatisfied-with-call-center-customer-service-800539206</link><pubDate>2011-06-27T00:00:00</pubDate><content:encoded><![CDATA[ As the business process outsourcing industry continues expanding throughout the globe, some markets are progressing at faster rates than others. However, the sheer volume of call centers and outsourcing agencies can make it challenging to optimize customer service performance and standards.<br/><br/>A recent <span data-scayt_word="YouGov" data-scaytid="2">YouGov</span> survey commissioned by <span data-scayt_word="Arvato" data-scaytid="3">Arvato</span> of some 2,000 adults in the <span data-scayt_word="U.K" data-scaytid="7">U.K</span>. provides a basis for this concern, finding more than one in five consumers believe they receive poor customer service when interacting with call centers.<br/><br/>Insurance companies were ranked as the worst at dealing with customer orders and inquiries, followed by utility providers and public-sector companies. Only 1 percent of respondents reported they&#39;ve never been frustrated by call center customer service.<br/><br/>&quot;What is certain is that, with a sluggish economy and weak consumer confidence ahead, customer satisfaction is the new battleground for Britain&#39;s biggest brands who are fighting to retain their market share,&quot; said Mark Brown, managing director of contact centers and loyalty at <span data-scayt_word="Arvato" data-scaytid="4">Arvato</span>. &quot;Those organizations that overlook areas such as contact centers - which remain a key interface between brands and their customers - will see their customers vote with their feet.&quot;<br/><br/>Even globally, demand for outsourcing is strong, and call centers need to begin adopting management strategies to optimize service standards.]]></content:encoded></item>		<item><title>Cloud Computing Fueling BPM Growth</title><link>http://www.teletech.com/news/contact-center-technology/cloud-computing-fueling-bpm-growth-800538422</link><pubDate>2011-06-27T00:00:00</pubDate><content:encoded><![CDATA[ Cloud computing is having a dramatic impact on the business process management (BPM) market and helping to fuel its growth.<br/><br/>According to the recent Business Process Management: A Global Strategic Business Report, the global recession has actually helped the BPM sector.<br/><br/>The report explained many businesses spent the recession discovering how to operate using minimal resources. This has lead to a revolution in lean business processes and technology, foster cloud computing&#39;s growth.<br/><br/>This process has led to greater deployment of BPM resources, as businesses attempt to improve processes for cost reduction and control.<br/><br/>The study found that North America and Europe are currently dominating the BPM market. However, the sector is rapidly expanding in the Asia-Pacific region and China is emerging as a major player in the industry.<br/><br/>The report anticipates cloud computing to continue its close link to BPM success because the technology will help users obtain real-time updates and deploy other sophisticated BPM systems.<br/><br/>Cloud computing is emerging as a key trend for a variety of industries because its capacity to host diverse technologies makes it relevant in almost every sector. A recent survey from GigaOm Pro and the 451 Group found cost-reduction and scalability are the primary drivers for cloud adoption.]]></content:encoded></item>		<item><title>CRM Key to Differentiate Companies</title><link>http://www.teletech.com/news/customer-management/crm-key-to-differentiate-companies-800537639</link><pubDate>2011-06-24T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) platforms are beginning to provide the core for customer service and marketing for many companies, making them a key part of an organization&#39;s brand identity and public face.<br/><br/>The growing importance of CRM in light of its brand-defining role combines with the increasingly social nature of contemporary commerce to make the technology a critical enterprise application. According to a recent OSF Global Services survey, many businesses now believe they need CRM platforms to help them develop their public identities and differentiate themselves from competitors.<br/><br/>Gerry Szatvanyi, president and CEO of OSF Global Services, explained that businesses can no longer separate themselves from their competition simply through their product features and services.<br/><br/>&quot;Instead companies are looking to offer customers and prospects an exceptional experience with every interaction. Data extracted from their CRM is used to improve customer service, strengthen the relationship, and proactively pursue upsell opportunities,&quot; said Szatvanyi.<br/><br/>As more companies look to CRM platforms to separate themselves from the competition, social CRM initiatives could become more popular. A recent Managing Automation report explained many industry vendors are emphasizing social CRM as a key technology in their new product lines.]]></content:encoded></item>		<item><title>Russian ambassador looks to invest in Philippines BPO market</title><link>http://www.teletech.com/news/enterprise-management/russian-ambassador-looks-to-invest-in-philippines-bpo-market-800538165</link><pubDate>2011-06-24T00:00:00</pubDate><content:encoded><![CDATA[ More promise seems to be coming out of the Filipino business process outsourcing market each day.<br/><br/>World Bank consultant Raja Mitra projected earlier this month that the country stands to generate more than $50 billion by 2020 from its burgeoning BPO industry, and this week, the country seemed to have garnered support from Russia.<br/><br/>According to the Sun Star, Ambassador Nikolay Kudashev committed to promoting trade relations between the two countries, citing the Philippines&#39; ideal investment framework.<br/><br/>&quot;Kudashev said the Philippines has investment potential in technology and business process outsourcing,&quot; reports Katlene Cacho for the source. &quot;He said they are interested in public-private partnership in the spheres of energy, transportation, communications, infrastructure development, military exchanges, and military technical cooperation.&quot;<br/><br/>The Russian ambassador also praised the country for how quickly it has been able to develop a highly employable and vibrant outsourcing market.<br/><br/>However, officials encouraged Filipino investors and business leaders to view Russia as a prospective market for their products as well, especially as a growing number of Russian tourists begin to visit the country and increase diplomatic ties between the nations.]]></content:encoded></item>		<item><title>Hosted VoIP Market Rising</title><link>http://www.teletech.com/news/contact-center-technology/hosted-voip-market-rising-800536723</link><pubDate>2011-06-23T00:00:00</pubDate><content:encoded><![CDATA[ The market for hosted voice over internet protocol (VoIP) systems is rising at a pace that closely mirrors cloud computing and other innovative technologies that reduce operational costs in enterprise settings.<br/><br/>In a recent CRN report, industry expert Dan Hoffman said channel business models that involve integrating service types into a single solution are becoming more popular and leading to a congruent rise in VoIP and cloud computing systems.<br/><br/>Hoffman told the news source the VoIP market is rising quickly in enterprise settings and is following a growth pattern that is extremely similar to as-a-service cloud models. He explained much of this expansion can be attributed to channel business models because they make it easier to integrate technologies.<br/><br/>&quot;People don&#39;t realize this yet, but it&#39;s so much easier to put puzzle pieces together in the cloud and then free up the cycles to configure properly, train people properly and get all the juice out of the software you bought,&quot; Hoffman told CRN.<br/><br/>Continuity between channel partners is leading to more success for hosted technologies in general. In a recent Business Solutions report, an industry expert said hosted technological solutions are rapidly becoming more popular in many enterprise sectors.]]></content:encoded></item>		<item><title>Kenya Seeks to Promote BPO Market</title><link>http://www.teletech.com/news/enterprise-management/kenya-seeks-to-promote-bpo-market-800537202</link><pubDate>2011-06-23T00:00:00</pubDate><content:encoded><![CDATA[ Along with the Philippines, Brazil, and China, countries in Africa are beginning to promote their economies as potential hubs for the growing business process outsourcing industry.<br/><br/>Earlier this week, the Rockefeller Foundation estimated that Ghana has the potential to add 780,000 BPO jobs by 2015. Now, it appears as though Kenya is throwing its hat into the ring as well.<br/><br/>Business Daily Africa reported Thursday that the Kenyan government is incorporating &quot;high-skilled IT services&quot;, including software development, to market the country as a focal point of business process outsourcing and to raise the sector to international standards.<br/><br/>&quot;We have reviewed our marketing strategy and will now include high-skilled IT services to the voice-oriented services and also focus our marketing both locally and regionally,&quot; Eunice Kariuki, deputy chief executive of the Kenya ICT Board, told the source, adding that the strategy &quot;we had initially was dictated by infrastructure, but it cannot propel us to realize what we are targeting in the Vision 2030.&quot;<br/><br/>Vision 2030 is a government-devised national blue print that aims to transform Kenya into a middle-income country within the next 20 years.]]></content:encoded></item>		<item><title>Companies Investing in Unified Communications</title><link>http://www.teletech.com/news/contact-center-technology/companies-investing-in-unified-communications-800535667</link><pubDate>2011-06-22T00:00:00</pubDate><content:encoded><![CDATA[ Voice over internet protocol (VoIP), telepresence, and other unified communications tools can all be key call center technologies. According to a recent CompTIA study, many businesses are recognizing the importance of these communications tools and are investing in the technology.<br/><br/>The company found 49 percent of survey respondents are planning to increase their investments in unified communications platforms.<br/><br/>That trend was even more prevalent when dealing with large companies alone, as 64 percent of respondents from businesses with more than 500 employees said they plan on increasing their unified communications spending.<br/><br/>Tim Herbert, vice president of research for CompTIA, said the high percentage of large companies investing in unified communications likely stems from increased complexity in such environments.<br/><br/>&quot;More staff, more locations, more end-points, and possibly more IT systems make for a more complex communications landscape and a stronger desire to simplify through a unified communications strategy,&quot; said Herbert.<br/><br/>VoIP technology, which is often a key component is unified communications deployments, is also experiencing rapid growth. This is especially the case in Japan, where a recent IDC study found meteoric expansion in the VoIP sector during recent years.]]></content:encoded></item>		<item><title>Technological Trends Impacting CRM Sector</title><link>http://www.teletech.com/news/customer-management/technological-trends-impacting-crm-sector-800534657</link><pubDate>2011-06-21T00:00:00</pubDate><content:encoded><![CDATA[ Emerging technological trends are having a dramatic impact on the customer relationship management (CRM) sector.<br/><br/>According to a recent SmartDataCollective report, social media is one of those technological trends. The report explained the core part of any CRM platform has traditionally been the place where customer data is stored. However, social media is changing that, because social channels are creating so much CRM data that they must become the focal point of CRM systems.<br/><br/>The report also identified cloud computing as a key technological trend impacting the CRM industry. Social media changes customer data so rapidly and creates such a quantity of information that traditional on-premise systems cannot readily keep up. Instead, the report said, many businesses are turning to the cloud to handle the needs for more agility and capacity in CRM systems.<br/><br/>Service-oriented architecture is also emerging as a key technology in the CRM industry because it supports easy integration between diverse applications. This simplifies the process of making CRM technology work with social media platforms, the report said.<br/><br/>Regardless of the technology supporting social CRM, the platform needs to engage consumers. A recent CRM Buyer report explained that customer engagement, not marketing messages, makes social CRM efforts successful.]]></content:encoded></item>		<item><title>International Small Businesses and the Growing Role of BPO</title><link>http://www.teletech.com/news/enterprise-management/international-small-businesses-and-the-growing-role-of-bpo-800535083</link><pubDate>2011-06-21T00:00:00</pubDate><content:encoded><![CDATA[ A recent study conducted by the Business Journals found small businesses are increasingly entering foreign markets to take advantage of emerging economies in Asia, Europe, South America and Africa.<br/><br/>According to the report, nearly one-quarter of U.S. small firms are engaged in overseas markets in some fashion. But as economies continue to merge and adapt, the business process outsourcing industry is expanding at a similarly rapid pace.<br/><br/>BPO offers expanding enterprises an opportunity to focus on the development of new products and services while leaving routine procedures to outsourced agencies. As small businesses in the U.S. begin to expand abroad in greater numbers, they need to alleviate some of the more time-consuming burdens on their companies, such as call-in customer support.<br/><br/>&quot;Most BPO companies offer their services on a fee-for-service basis, transforming fixed costs into variable costs,&quot; writes Al Brisard for Billing &amp; OSS World.<br/><br/>&quot;This eliminates the need for a carrier to further invest in large capital expenditures and administrative headcount that would have to be amortized over a period of years,&quot; Brisard adds, &quot;and frees the carrier up to allocate additional funding to its new endeavors.&quot;]]></content:encoded></item>		<item><title>VoIP Can Enable Customer Service Efforts</title><link>http://www.teletech.com/news/contact-center-technology/voip-can-enable-customer-service-efforts-800533214</link><pubDate>2011-06-20T00:00:00</pubDate><content:encoded><![CDATA[ Voice over internet protocol (VoIP) has the potential to revolutionize customer service by facilitating communication within businesses, making it easier to obtain key information and quickly respond to customer queries.<br/><br/>According to a recent Elite Telecom report, VoIP&#39;s abilities to foster enterprise collaboration and provide call recording and routing services make the technology a key customer service tool. However, VoIP management platforms are essential to support the telephony system properly and maximize its capabilities.<br/><br/>VoIP management is critical because it looks at the big picture of the VoIP network and gives businesses a framework that helps them identify the best ways to route incoming calls, manage account compliance and record calls to maintain quality customer service, the report said.<br/><br/>The report also emphasized the importance of VoIP management technology because VoIP can improve enterprise productivity in a number of ways, but requires careful management to ensure it delivers on its inherent capabilities.<br/><br/>VoIP has the potential to improve telephony performance dramatically. A recent TMCnet report explained VoIP can support digital voice quality. However, supporting VoIP with the proper network infrastructure is needed to support that productivity.]]></content:encoded></item>		<item><title>Rockefeller Foundation: Ghana Boasts High-Potential BPO Market</title><link>http://www.teletech.com/news/enterprise-management/rockefeller-foundation-ghana-boasts-high-potential-bpo-market-800534026</link><pubDate>2011-06-20T00:00:00</pubDate><content:encoded><![CDATA[ While the global business process outsourcing market has been instrumental in creating new jobs and economic strength in the Philippines, India, Brazil and China, a new report suggests the west African nation of Ghana also stands to cash in on the emerging industry.<br/><br/>Ghana News Agency reports that a recent study by the Rockefeller Foundation finds the hiring of socio-economically disadvantaged people in international BPO markets has the potential to employ 780,000 Ghanaians by 2015.<br/><br/>The report also notes that the trend has the potential to significantly reduce poverty in Ghana and other developing nations, as call center or BPO jobs offer incomes up to 100 percent greater than alternative employment options.<br/><br/>&quot;Harnessing the global BPO trend, PRIDE exemplifies the foundation&#39;s commitment to promoting growth with equity, in which the poor and vulnerable have more access to opportunities, such as ICT employment,&quot; said Dr. James Nyoro, managing director for Africa at the Rockefeller Foundation&#39;s Poverty Reduction through Information and Digital Employment.<br/><br/>Meanwhile, the global BPO market was recently projected by Frost &amp; Sullivan to reach a value of $479.3 billion by 2016 - up from its current cap of $370 billion.]]></content:encoded></item>		<item><title>Users Can Dictate CRM Updates</title><link>http://www.teletech.com/news/customer-management/users-can-dictate-crm-updates-800532413</link><pubDate>2011-06-17T00:00:00</pubDate><content:encoded><![CDATA[ Keeping customer relationship management (CRM) platforms up to date and refining them to maximize results is a constant process for businesses. To reduce the amount of time spent adjusting CRM systems, businesses should consider end-user input to direct their investments, CRM Buyer reported.<br/><br/>According to the report, a CRM platform is never complete. Instead, the technology, procedures, and ideals that guide CRM deployments must always be refined and adjusted to meet changing needs.<br/><br/>The report said accomplishing this process is a major challenge for businesses because there is never enough time to take a top-down look at the CRM platform and identify its capabilities.<br/><br/>Instead, businesses should identify the key problems that their CRM platforms are expected to solve and regularly check with end-users to see if CRM is accomplishing the tasks. This simplifies identifying areas for improvement and helps ensure the changes made benefit the people actually using the program, according to the report.<br/><br/>The rapid pace required to maintain CRM programs is such that many businesses are using cloud-based CRM platforms. Recently, the Open Data Center Alliance released new cloud usage models that could help ease cloud-based CRM system deployment and maintenance.]]></content:encoded></item>		<item><title>Businesses Beginning to Embrace Social CRM</title><link>http://www.teletech.com/news/customer-management/businesses-beginning-to-embrace-social-crm-800531401</link><pubDate>2011-06-16T00:00:00</pubDate><content:encoded><![CDATA[ Social customer relationship management (CRM) is an evolution of marketing that uses social media channels to engage consumers for customer support and other CRM functions. While the idea is still young, social CRM is beginning to take hold.<br/><br/>A recent CIOL report said social CRM is gradually becoming more popular and could explode into an incredibly prominent sector during the next few years. The report said this popularity comes because social CRM gives businesses insights into what their customers want that other platforms cannot provide.<br/><br/>Industry expert Ramswaroop Gopalan told the news source most analysts expect social CRM to emerge as a multi billion dollar industry during the next two years.<br/><br/>Industry expert Sweta Sharma explained the demand for social CRM to CIOL.<br/><br/>&quot;There is a huge demand for social CRM tools. Since the tools help capture the sentiments and understand the conversation, more and more companies are looking for it,&quot; Sharma told the news source.<br/><br/>When social CRM is deployed properly, it fuels peer-to-peer interaction between businesses and consumers. A recent Enterprise Apps Today report said effective social CRM platforms focus on creating conversations with customers through engaging content.]]></content:encoded></item>		<item><title>VoIP Market Climbing Fast</title><link>http://www.teletech.com/news/contact-center-technology/voip-market-climbing-fast-800531406</link><pubDate>2011-06-16T00:00:00</pubDate><content:encoded><![CDATA[ Voice over internet protocol (VoIP) technology facilitates smooth and inexpensive telephony establishments in many enterprise settings. As a result, it is quickly becoming more popular and taking market share from traditional phone lines.<br/><br/>A recent Point Topic research report anticipates the VoIP market to double during the next five years, emerging as a $40 billion industry. This represents substantial expansion, as the market was valued at just $17.3 billion at the end of 2010 after a year of 12.6 percent growth.<br/><br/>John Bosnell, senior analyst at Point Topic, said VoIP has had a difficult time catching on in some ways, but is quickly becoming a key enterprise technology.<br/><br/>&quot;We expect there to be over three quarters of a billion fixed line broadband subscribers by the end of 2015, in theory all of them are targets for VoIP,&quot; said Bosnell.<br/><br/>While Point Topic is quite optimistic about fixed-line VoIP growth, it did warn that many companies are deploying mobile-only VoIP solutions, which may skew fixed-line VoIP&#39;s growth.<br/><br/>As the VoIP market continues to grow, regulatory bodies are trying to determine how to respond to the technology. In the United States, the Federal Communications Commission is mulling adding a per-minute charge to all VoIP calls, Politico reports.]]></content:encoded></item>		<item><title>Philippines Marks Bright Spot in Global BPO Market</title><link>http://www.teletech.com/news/enterprise-management/philippines-marks-bright-spot-in-global-bpo-market-800532099</link><pubDate>2011-06-16T00:00:00</pubDate><content:encoded><![CDATA[ While China and India are often cited as some of the central hubs of the growing business process outsourcing market, analysts and business leaders are increasingly noticing a stream of call center and BPO revenue from the Philippines.<br/><br/>In fact, International Business Machines recently reported that the country has surpassed India as the world&#39;s top outsourcing destination. What&#39;s more, the Philippines market has blossomed from a mere 25,000 workers 10 years ago to more than half a million last year, according to MarketWatch.<br/><br/>&quot;The Philippines&#39; fast-growing business process outsourcing industry has turned the Asian nation into a major center for off-shore information tech services,&quot; writes Benjamin Pimentel for the source. &quot;The outsourcing industry has become a major driver of employment growth, highlighted by the presence of major IT services companies such as IBM, Accenture and Convergys.&quot;<br/><br/>While the Philippines represents a particular strong point in the emergence of the global BPO industry, the market as a whole is rising steadily. Consulting firm Frost &amp; Sullivan recently projected global outsourcing revenues will reach $479.3 billion by 2016, up from its present cap of $370 billion.]]></content:encoded></item>		<item><title>CRM Critical for Financial Advisors</title><link>http://www.teletech.com/news/customer-management/crm-critical-for-financial-advisors-800530099</link><pubDate>2011-06-15T00:00:00</pubDate><content:encoded><![CDATA[ Financial advisors often undervalue customer relationship management (CRM) technology and neglect to take full advantage of its many benefits.<br/><br/>Speaking at the recent INSITE conference, industry expert Spenser Segal said advisors often approach CRM with confusion. He said 48 percent of all advisors claim to need help in at least seven of the eight areas of CRM.<br/><br/>To begin understanding the true value of CRM technology, Segal explained, advisors need to recognize that CRM technology is capable of meeting specific business goals, generating more revenue opportunities, and improving customer service.<br/><br/>Segal said the first step to deploying successful CRM is getting data, especially contact management information, right. He explained that a CRM platform will only generate results in proportion to the quality of data it uses. Therefore, a company that feeds good data into its CRM program will be positioned to get good results from its CRM technology.<br/><br/>Having the right data about customers is key for CRM success, because it helps organizations create conversations with consumers. A recent CRM Buyer report explained peer-to-peer engagement and conversation are the most important benefits of social CRM strategies.]]></content:encoded></item>		<item><title>Planning Key for VoIP Success</title><link>http://www.teletech.com/news/contact-center-technology/planning-key-for-voip-success-800530093</link><pubDate>2011-06-15T00:00:00</pubDate><content:encoded><![CDATA[ Planning is critical for businesses deploying voice over internet protocol (VoIP) technology. VoIP can seem complex and daunting at times, but a well-planned VoIP establishment can improve call performance and reduce telephony expenses.<br/><br/>According to a recent CRN report, VoIP telephony systems are often perceived as having poor performance capabilities. However, VoIP actually processes digital voice signals, potentially making the quality better than traditional phone lines.<br/><br/>Performance issues often associated with VoIP are typically caused by network problems, the report said. Businesses need to make sure they deploy the necessary network upgrades to support VoIP so they can achieve VoIP success.<br/><br/>Planning is also key for companies expecting to reduce calling costs through VoIP technology. In theory, VoIP calls are free or paid for as part of a set plan with the service provider. However, calls that are made from a VoIP phone to a non-VoIP phone can cost money. As a result, companies should plan their VoIP infrastructure to foster as much VoIP-to-VoIP calling as possible to avoid unexpected charges.<br/><br/>Managing telephony performance is critical because businesses depend on VoIP and other technologies for customer interaction. A recent TMCnet report said companies should focus on managing network latency to ensure VoIP systems can always obtain the bandwidth they need.]]></content:encoded></item>		<item><title>How Cloud Computing and Outsourcing Will Interact in Coming Years</title><link>http://www.teletech.com/news/contact-center-technology/how-cloud-computing-and-outsourcing-will-interact-in-coming-years-800531132</link><pubDate>2011-06-15T00:00:00</pubDate><content:encoded><![CDATA[ As a recent survey by IDG Enterprise found IT organizations outsource more than one-quarter - 26 percent - of their business processes and functions, more and more businesses are turning to outsourcing as a viable financial alternative to in-house operations.<br/><br/>However, as outsourcing has grown rapidly over the past decade or so, cloud computing has been perhaps an even more disruptive breakthrough, as companies large and small begin to tender their own services and operations in the cloud.<br/><br/>&quot;Yes, there&#39;s technology but not disruptive technology,&quot; Michael Barnes, vice president and principal analyst at Forrester Research, told Ciol.com. &quot;It&#39;s the economics of business that has determined, and will determine, the use of cloud services or outsourcing services in future.&quot;<br/><br/>Forrester also recently projected the cloud computing industry to reach $241 billion in 2020, compared to $41 billion this year.<br/><br/>Meanwhile, consulting firm Frost &amp; Sullivan has predicted that global outsourcing revenues will reach $479.3 billion by 2016, up from its present cap of $370 billion.<br/><br/>Still, as to how these two market innovations will progress in coming years remains a subject of mere speculation.]]></content:encoded></item>		<item><title>New Standards Could Fuel Changes in Cloud CRM Industry</title><link>http://www.teletech.com/news/customer-management/new-standards-could-fuel-changes-in-cloud-crm-industry-800529357</link><pubDate>2011-06-14T00:00:00</pubDate><content:encoded><![CDATA[ Using cloud computing technologies to deliver advanced customer relationship management (CRM) programs is becoming more popular. However, the industry&#39;s rapid growth could become torrid if new standards from the Open Data Center Alliance (ODCA) take hold.<br/><br/>The ODCA recently released eight new usage models that provide businesses with guidelines to help them deploy cloud computing technologies. These standards are critical because cloud computing is often a complex technology that business&#39; struggle to deploy effectively.<br/><br/>New usage standards could, therefore, fuel cloud adoption by giving companies more insight into how they can use the cloud effectively. The ODCA&#39;s efforts should also impact cloud CRM offerings, because they give businesses usage standards that will help them understand how to support the software with appropriate networking and IT systems.<br/><br/>Being able to support cloud CRM efforts could be key, because CRM technology is emerging as an important technological foundation for many of a business&#39; customer support programs.<br/><br/>To a great extend, CRM&#39;s power comes from its ability to engage consumers in meaningful conversations and relationships. This is especially the case with social CRM. A recent CRMBuyer report explained businesses should focus on engaging consumers and conversing with them in peer-to-peer interaction when they develop their social CRM strategies.]]></content:encoded></item>		<item><title>National IT Strategy Close to Unveiling in Philippines</title><link>http://www.teletech.com/news/contact-center-technology/national-it-strategy-close-to-unveiling-in-philippines-800529348</link><pubDate>2011-06-14T00:00:00</pubDate><content:encoded><![CDATA[ The Philippines national IT strategy will be released later this month.<br/><br/>John Uy, chairman for the Commission of Information Technology, recently told the Philippine Daily Inquirer the organization would be ready to release its national IT strategy plan before the end of the month.<br/><br/>Uy explained the new plan of action is designed with the business process outsourcing (BPO) market in mind and is designed to improve the technological infrastructure that supports BPO operations. The upgrades are also aimed at expanding the number of BPO workers the country will be able to support.<br/><br/>Uy explained the Philippines market is currently experiencing a number of small challenges that the new IT strategy is designed to overcome easily to foster continued growth and expansion in the BPO sector.<br/><br/>According to the report, these IT strategies are part of a larger national plan to encourage development within the country and catapult it into a more prominent position in the global economy.<br/><br/>While the new IT strategies should help the Philippines&#39; BPO industry, it is already emerging as one of the world&#39;s largest outsourcing centers. A recent IBM study found the Philippines&#39; emergence as a social media capital has led to its development as one of the world&#39;s most prominent BPO destinations.]]></content:encoded></item>		<item><title>Philippines BPO market among most promising</title><link>http://www.teletech.com/news/enterprise-management/philippines-bpo-market-among-most-promising-800530033</link><pubDate>2011-06-14T00:00:00</pubDate><content:encoded><![CDATA[ Prospects continue to improve for the Philippines business process outsourcing industry, as a number of recent studies show solid growth expectations and performance. However, the country may need to modify its market strategies to take advantage of BPO&#39;s full potential.<br/><br/>According to Business World Online, officials at the Export Development Council and the Business Processing Association of the Philippines have projected industry growth of 18 and 20 percent, respectively, for 2011. However, those figures are down from the 26 percent surge noted last year.<br/><br/>&quot;Since the growth in IT-BPO has been robust at over 30 percent in recent years, it was felt that it would be more realistic to have a slightly lower target because the base itself is expanding rapidly and it would be difficult to project the same or higher rate,&quot; EDC Executive Director Senen M. Perlada told the source.<br/><br/>World Bank consultant Raja Mitra recently projected that the overall Philippines outsourcing market stands to generate more than $50 billion by 2020, but must simultaneously focus on many different outsourcing sectors in order to meet such a goal.]]></content:encoded></item>		<item><title>Customer Engagement Central for Social CRM</title><link>http://www.teletech.com/news/customer-management/customer-engagement-central-for-social-crm-800528127</link><pubDate>2011-06-13T00:00:00</pubDate><content:encoded><![CDATA[ Having a social media presence and a customer relationship management (CRM) program is not enough to engage in social CRM. Instead, businesses need to deploy technologies and policies that engage consumers through social media tools.<br/><br/>In a recent Enterprise Apps Today report, industry expert Matt Mansfield recommended a technological solution for customer engagement. He said businesses should integrate their CRM platform with their email, so customer information can be seamlessly added to CRM programs when an email is sent.<br/><br/>Industry expert Rachel Honoway told the news source companies need to focus on engagement by not filling their social media pages with marketing messages. Instead, they should focus on creating conversations.<br/><br/>This point was echoed by industry expert Phil Soffer.<br/><br/>&quot;Social relationships are built on engagement, so stop flooding social media channels like Facebook and Twitter with your marketing message. Rather, engage with your customers by providing them with things they find interesting or useful,&quot; Soffer told the news source.<br/><br/>In many ways, using social media as another platform to release marketing messages is treating the channel like a broadcasting station, CRMBuyer reported. This approach to social CRM undervalues the technology&#39;s power to reach consumers and develop meaningful relationships with customers, the report said.]]></content:encoded></item>		<item><title>How the Economic Recovery May Impact Outsourcing Markets</title><link>http://www.teletech.com/news/enterprise-management/how-the-economic-recovery-may-impact-outsourcing-markets-800529039</link><pubDate>2011-06-13T00:00:00</pubDate><content:encoded><![CDATA[ When financial downturns hits, organizations tend to shift their decision-making processes toward short-term considerations. It&#39;s only natural, and it influences market trends on both the micro and macro levels.<br/><br/>The financial collapse of 2008 and the ensuing recession were no different and helped spur outsourcing activity. But as conditions begin to improve, many analysts are wondering how greater capital resources will impact businesses&#39; demand for outsourcing practices.<br/><br/>According to a recent study by the Outsourcing Unit at the London School of Economics, IT outsourcing is one of the most active sectors in the overall industry, with 58 percent of respondents already outsourcing IT components with plans to increase output over the next year.<br/><br/>Meanwhile, business process outsourcing is also noting major gains, with 18 percent of companies planning their first forays in the BPO market over the next year, according to Horses for Sources.<br/><br/>&quot;Organizations are coming off the recession knowing they have to globalize their procurement processes and leverage the indirect sourcing competences of providers to tighten up the cash flow,&quot; the source writes. &quot;Moreover, providers are aggressively pushing gainshare, risk-sharing proposals at buyers in order to develop scale and category expertise across procurement BPO functions.&quot;]]></content:encoded></item>		<item><title>Conversation Key for Social Media Success</title><link>http://www.teletech.com/news/customer-management/conversation-key-for-social-media-success-800527403</link><pubDate>2011-06-10T00:00:00</pubDate><content:encoded><![CDATA[ Using social customer relationship management (CRM) and other social media tools for lead generation, customer service and other similar systems needs to be about creating conversations with customers.<br/><br/>A recent CRMBuyer report explained that many businesses miss the point of social CRM and social media, because they consider it another channel to broadcast their marketing message.<br/><br/>While this approach may be somewhat valid, it does not address the primary purpose of social tools - the ability to create dialogue with consumers, the report said.<br/><br/>Social enterprise tools are most effective when they are used to give consumers an opportunity to see something a business says and respond in their own way. From there, the company can reply to the customer&#39;s response and create a conversation that could lead to an engaging relationship.<br/><br/>According to the report, this conversation is the most valuable part of social enterprise tools, because it makes the consumer more relevant by developing a peer-to-peer relationship between businesses and customers.<br/><br/>While broadcasting marketing messages over social media may help garner consumer attention, conversations lead to new sales. A recent Huffington Post report explained that many businesses are finding they need to engage consumers, because customers will determine a social media marketing campaign&#39;s success.]]></content:encoded></item>		<item><title>Philippines BPO Sector to Employ 1.3 Million by 2016</title><link>http://www.teletech.com/news/enterprise-management/philippines-bpo-sector-to-employ-1-3-million-by-2016-800527918</link><pubDate>2011-06-10T00:00:00</pubDate><content:encoded><![CDATA[ In yet another indication of the rapid pace of expansion and growth potential in the Philippines business process outsourcing market, a leading industry association projected the business will nearly triple in size over the next five years.<br/><br/>According to the Business Processing Association of the Philippines, the industry is expected to reach a value of $26 billion by 2016 with more than 1.3 million workers. It&#39;s currently worth $9 billion and employs half a million Filipinos, according to the Philippine Information Agency.<br/><br/>&quot;Senator Edgardo Angara affirmed this during the recent hearing of the Senate Committee on Science and Technology, which he also chairs, stressing that government support and key pieces of legislation will be needed to sustain the growth of the country&#39;s BPO industry,&quot; the source writes.<br/><br/>Such actions include measures to safeguard sensitive personal data and implement a single ICT-dedicated government entity to ensure competitiveness.<br/><br/>Earlier this week, World Bank consultant Raja Mitra projected that the Philippines outsourcing market stands to produce more than $50 billion by 2020, contributing 11 percent of the nation&#39;s gross domestic product.]]></content:encoded></item>		<item><title>Manila Hailed for BPO Promise</title><link>http://www.teletech.com/news/enterprise-management/manila-hailed-for-bpo-promise-800526125</link><pubDate>2011-06-09T00:00:00</pubDate><content:encoded><![CDATA[ Manila, Philippines, is emerging as a key business process outsourcing (BPO) destination, because it boasts the right combination of technological infrastructure and an educated workforce.<br/><br/>The city has such a perfect mix of the various attributes that make a good BPO destination that industry expert Raja Mitra called Manila the center of the BPO world at a recent conference on enterprise services.<br/><br/>Citing information from a number of studies he authored, Mitra said Manila now has the most individuals working in the BPO industry of any city in the world. He also said IT infrastructure upgrades could further enhance the local BPO market.<br/><br/>Manila&#39;s success as a BPO hub has put the Philippines on the map as a key BPO destination, Mitra said. He added that the Philippines boasts approximately 500,000 employees in positions dedicated to the BPO industry, putting it in a position where it could soon catch India, which has 800,000 dedicated BPO employees.<br/><br/>In one of his recent reports for the World Bank, Mitra clearly stated the Philippine BPO industry has significant potential. He said that the country&#39;s potential could be even higher if the country upgrades its IT infrastructure.]]></content:encoded></item>		<item><title>IVR Can Improve CRM</title><link>http://www.teletech.com/news/contact-center-technology/ivr-can-improve-crm-800525168</link><pubDate>2011-06-08T00:00:00</pubDate><content:encoded><![CDATA[ Businesses that deploy robust interactive voice response (IVR) systems can use the technology to improve their customer service and customer relationship management (CRM) procedures.<br/><br/>According to a recent whitepaper titled &quot;Five Ways to Put Your CRM Data to Work for You and Your Customers,&quot; IVR systems are capable of providing many customer service benefits. Empowering customers and creating new revenue opportunities are among them.<br/><br/>The whitepaper said most consumers prefer having self-service options that allow them to solve their problems without having to interact with a representative personally. Robust IVR systems make this possible by giving consumers context-relevant advice that helps resolve their issues.<br/><br/>IVR systems can also be used to create revenue through up-sells and cross-sales. According to the whitepaper, IVR with CRM will allow companies to use customer data to offer consumers new sales opportunities through the telephony platform. In many cases, such systems can also be used to track consumer buying behavior to target advertisements further.<br/><br/>IVR technology can also be used to improve interactions with business partners. A recent SAPexperts report said IVR systems can be used to fuel sales opportunities and improve customer service with business partners by facilitating accurate data collection and recording.]]></content:encoded></item>		<item><title>IT organizations outsource one-quarter of processes</title><link>http://www.teletech.com/news/contact-center-technology/it-organizations-outsource-one-quarter-of-processes-800525729</link><pubDate>2011-06-08T00:00:00</pubDate><content:encoded><![CDATA[ Businesses in the information technology and security sectors are increasingly outsourcing their operations and services, according to a survey released this week by IDG Enterprise, suggesting the global business process outsourcing market will continue to see high demand activity.<br/><br/>The study found IT organizations outsource more than a quarter of their processes - 26 percent - and more than one-third of respondents - 36 percent - believe that figure will grow in the next 12 months, with the U.S. cited as the top country for outsourcing services.<br/><br/>The survey also noted companies&#39; main reasons for outsourcing functions, with the lack of available in-house skills topping the list at 52 percent, followed by cost reduction (50 percent) and managing staffing needs (44 percent).<br/><br/>&quot;This survey highlights the fact that IT stakeholders lead the decision-making process for outsourcing services,&quot; said Bob Melk, senior vice president at IDG Enterprise, in a statement. &quot;It also shows that while poor service tops the list of barriers to entry - even over security concerns - IT recognizes that they need to improve their service practices and measurement in order to improve results.&quot;]]></content:encoded></item>		<item><title>Competition Rising in CRM Industry</title><link>http://www.teletech.com/news/customer-management/competition-rising-in-crm-industry-800524158</link><pubDate>2011-06-07T00:00:00</pubDate><content:encoded><![CDATA[ The growing trend toward Software-as-a-Service-based (SaaS) customer relationship management (CRM) technologies is creating more competition in the industry as a whole.<br/><br/>Overall, the market is seeing vendors competing heavily for long-term contracts in the wake of significant growth and expansion in the sector, according to a recent Nucleus Research report.<br/><br/>The report said the CRM industry as a whole is growing quickly, and cloud-based CRM systems are fueling that expansion.<br/><br/>Rebecca Wettemann, vice president at Nucleus Research, explained this rapid growth is leading to a fast-changing market.<br/><br/>&quot;The CRM market, in particular CRM on-demand, is still a very dynamic marketplace,&quot; said Wettemann. &quot;I think these companies will continue to improve their usability by adding things like social, more integrated analytics, and more usable mobile access.&quot;<br/><br/>Wettemann said current industry leaders have achieved that role due to the robust features of their platforms. However, these leaders need to weigh adding new features with supporting usability when developing their future solutions.<br/><br/>Changes abound in the rapidly growing CRM market. A recent Huffington Post report said social media is becoming a dominant factor that businesses must take into account when deploying CRM programs.]]></content:encoded></item>		<item><title>VoIP Market Maturing</title><link>http://www.teletech.com/news/contact-center-technology/voip-market-maturing-800524155</link><pubDate>2011-06-07T00:00:00</pubDate><content:encoded><![CDATA[ The voice over internet protocol (VoIP) market has matured during the past few years and is now emerging as a widely used technology.<br/><br/>According to a recent Pew Research Center study, approximately 25 percent of all internet-using adults living in the United States have made a VoIP call at some point in time.<br/><br/>A FierceVoIP report analyzing the study&#39;s impact said the advance in VoIP use represents two significant steps in the technology&#39;s maturation.<br/><br/>The first is improved performance. During VoIP&#39;s early years, it was often disliked as a call center technology because there was a perception that it provided poor call reception. In many cases, this was true because internet services were not able to handle VoIP calls. However, the growing use of VoIP calling shows the technology may have overcome the performance hurdle.<br/><br/>The VoIP market is the other area for maturation. The report explained the VoIP market has grown from a fragmented, unsteady sector to an industry with clear brand offerings and a trustworthy reputation.<br/><br/>VoIP&#39;s maturation also exposes areas for future growth. A recent Gadget report identified security as a primary area for VoIP technology to improve in the near future.]]></content:encoded></item>		<item><title>Philippine BPO Industry May Produce 11 Percent of Country's GDP by 2020</title><link>http://www.teletech.com/news/enterprise-management/philippine-bpo-industry-may-produce-11-percent-of-country-s-gdp-by-2020-800524703</link><pubDate>2011-06-07T00:00:00</pubDate><content:encoded><![CDATA[ The Philippine business process outsourcing market is one of the fastest growing and most robust in the rapidly expanding global BPO industry, suggests a report released this week by World Bank consultant Raja Mitra.<br/><br/>If the national government is able to develop the IT-BPO services industry, the overall Philippines outsourcing market stands to generate more than $50 billion by 2020. Mitra added that he expects the nation&#39;s IT-BPO market to contribute as much as 11 percent of total gross domestic product over the same time period.<br/><br/>&quot;(It is) important to simultaneously develop the IT, telecom, education, and other knowledge economy sectors and to enhance the potential synergies between BPO and other ICT sectors and that so ... both in terms of external and domestic markets,&quot; the Philippine Star quotes Mitra as saying. &quot;Such a development offers significant promise ... it can contribute importantly towards achieving sustainable and inclusive economic growth.&quot;<br/><br/>Moreover, the BPO industry has helped create millions of job in the country over the past decade. Having employed less than 0.1 percent of the Philippine population 10 years ago, the country&#39;s BPO market now employs more than 1 percent, according to the source.]]></content:encoded></item>		<item><title>Simplified Architecture Key for Unified Communications Success</title><link>http://www.teletech.com/news/contact-center-technology/simplified-architecture-key-for-unified-communications-success-800523034</link><pubDate>2011-06-06T00:00:00</pubDate><content:encoded><![CDATA[ While some businesses boast the technological acumen and resources to deploy the most advanced unified communications technology, many companies cannot handle the investment needed to support such complex architectures.<br/><br/>However, according to a recent Globe &amp; Mail report, architectural complexity is becoming a thing of the past for many unified communications platforms, and more companies are now able to deploy the advanced technology.<br/><br/>The report said the key to deploying unified communications with simplified architecture is being able to create specific results, including a low total cost of ownership, a fully featured platform that does not sacrifice performance, and scalable infrastructure that can meet changing needs.<br/><br/>The success of a unified communications platform is heavily dependent on the IT architectures that support it, the report said, and simplified architectures can overcome many of the inherent drawbacks and challenges of deploying an unified communications system.<br/><br/>For many businesses, deploying unified communications is about more than just simplifying IT architectures. A recent TechTarget report explained that unified communications technology can dramatically improve call center capabilities. However, deploying unified communications in the call center is dependent on breaking down IT silos so departments can work in concert.]]></content:encoded></item>		<item><title>Global BPO Market to Reach $479.3 Billion Over Next Five Years</title><link>http://www.teletech.com/news/enterprise-management/global-bpo-market-to-reach-479-3-billion-over-next-five-years-800523732</link><pubDate>2011-06-06T00:00:00</pubDate><content:encoded><![CDATA[ The global outsourcing industry will continue to skyrocket over the next few years, according to a report released this week by Dubai Outsource Zone in collaboration with research and consulting firm Frost &amp; Sullivan.<br/><br/>Specifically, the study projected that global outsourcing revenues will reach $479.3 billion by 2016, up from its present cap of $370 billion. The growth will demonstrate a compound annual growth rate of 8.35 percent, with the UAE alone experiencing a CAGR of 10 percent over the same period.<br/><br/>&quot;The entire outsourcing industry was based on low cost activities,&quot; said Lindsay McDonald, consultant for Middle East and North Africa-Information and Communication Technologies at Frost &amp; Sullivan, in a statement. &quot;But now clients are ready to pay a premium if they are assured of high quality services. Due to this trend, governments of well established outsourcing destinations are in the process of re-aligning their outsourcing industry and its development strategies.&quot;<br/><br/>Particularly active business process outsourcing regions include China, the Philippines and Brazil, the last of which is expected to expand at a CAGR of more than 10 percent from 2009 to 2015, according to Research and Markets.]]></content:encoded></item>		<item><title>Mobile CRM Finally on the Horizon</title><link>http://www.teletech.com/news/customer-management/mobile-crm-finally-on-the-horizon-800521892</link><pubDate>2011-06-03T00:00:00</pubDate><content:encoded><![CDATA[ Mobile customer relationship management (CRM) platforms have been a major talking point for quite some time, but the idea has not amounted to much. This is changing fast, however, and the mobile market&#39;s growth is fueling mobile CRM expansion.<br/><br/>The E-Commerce Times reports there are three primary factors that will make mobile CRM a reality in the near future: advances in mobile computing, vendor support, and cultural shifts in sales and customer service.<br/><br/>According to the report, mobile computing devices have advanced to the point that many workers are becoming comfortable with tablet computers and smartphones and are willing to use them for most tasks.<br/><br/>Furthermore, vendors recognize they need to support all major mobile devices, making it easier to deploy CRM platforms in businesses where employees use a diverse range of smartphones and tablets, the report said.<br/><br/>These trends are coupled with a melding of the customer service and sales roles to create an environment that demands flexibility and mobility. As a result, mobile CRM platforms will soon be a reality, the report stated.<br/><br/>Mobile computing is rapidly changing sales environments. A recent CSO Insights report found businesses are increasing investments in internal sales teams because mobile computing is making outside sales teams irrelevant.]]></content:encoded></item>		<item><title>Integrating CRM and MA Becoming Critical for Sales and Marketing</title><link>http://www.teletech.com/news/customer-management/integrating-crm-and-ma-becoming-critical-for-sales-and-marketing-800521246</link><pubDate>2011-06-02T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) and marketing automation (MA) are becoming closely linked, as sharing information between the two technological platforms can be key to sales and marketing success.<br/><br/>Recently, the Tech Journal South compiled a discussion with industry experts Chrissy Pechter and Adam Bataran into a few, clear steps businesses should follow to integrate CRM and MA technologies.<br/><br/>One of the most important steps in CRM and MA integration is creating a clear set of processes that defines when data will be transferred between platforms. The report explained having the CRM platform share information every time a customer reads an email or performs some other small action would be ineffective, and the system needs clear guidelines to define when data should be shared.<br/><br/>Emphasizing standardization and data quality between the two programs is also critical, according to the report. If at any point data is inaccurate or recorded differently by each system, it will quickly reduce the solution&#39;s effectiveness for both sales and marketing teams.<br/><br/>A critical period for deploying advanced CRM functions, such as MA integration, is emerging. A recent Computing survey found that many business leaders are beginning to recognize the importance of CRM technology and are investing in specialized platforms that meet specific needs.]]></content:encoded></item>		<item><title>IT-BPO Sector Experiencing Heavy Volume of M&amp;A Activity</title><link>http://www.teletech.com/news/enterprise-management/it-bpo-sector-experiencing-heavy-volume-of-m-a-activity-800521683</link><pubDate>2011-06-02T00:00:00</pubDate><content:encoded><![CDATA[ The IT-Business Process Outsourcing industry is projected to make a substantial dive into the mergers and acquisitions market in coming months, as a number of high-profile deals continue to attract the attention of analysts and business leaders.<br/><br/>According to Business Standard, there are at least five $500 million acquisition deals currently being discussed in the IT-BPO sector, and that figure increases to 15 when one includes those companies in the $100 million range.<br/><br/>&quot;The IT-BPO sector has always been proactive in terms of M&amp;A,&quot; Amit Singh, executive director of Avendus Capital, told the source. &quot;However, some of the recent deals are a fallout of the last round of downturn, which encouraged a lot of buyers in the IT services to consolidate their vendor list.&quot;<br/><br/>&quot;It effectively means that IT vendors need deeper capabilities, domain expertise, larger portfolio of services, wider geographic presence, and scale to survive,&quot; Singh added.<br/><br/>Aside from acquisition activity, the global BPO market has been expanding consistently through the economic downturn, growing by as much as 25 percent during the first quarter of this year, according to Everest Group.]]></content:encoded></item>		<item><title>CRM Offers Diverse Benefits</title><link>http://www.teletech.com/news/customer-management/crm-offers-diverse-benefits-800519932</link><pubDate>2011-06-01T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) technology typically calls the sales and marketing departments home. However, the technology has matured in recent years and is evolving into a platform that offers benefits across multiple business sectors, Computing reports.<br/><br/>The report said CRM technologies have matured to a point where they offer diverse benefits that can be enjoyed by multiple departments within a business. Among those benefits are improved customer retention and enhanced collaboration between departments.<br/><br/>Beyond those enhancements, CRM technology can also improve data management and deduplication efforts, the report said.<br/><br/>A survey accompanying the report found a few main benefits are emerging as key parts of CRM platforms. Twenty-seven percent of respondents said their CRM platform is able to integrate with order placement, marketing, and finance capabilities. Another 23 percent of respondents said their CRM system includes workflow management support but does not integrate with marketing and finance programs.<br/><br/>Because CRM platforms have such diverse capabilities, businesses need to analyze their needs closely before deploying a CRM system. According to a recent E-Commerce Times report, self-assessment is one of the most important parts of choosing a CRM program.]]></content:encoded></item>		<item><title>Conference Held in Dubai to Promote Regional and Global Call Center Market</title><link>http://www.teletech.com/news/contact-center-technology/conference-held-in-dubai-to-promote-regional-and-global-call-center-market-800520719</link><pubDate>2011-06-01T00:00:00</pubDate><content:encoded><![CDATA[ Over the past few years, the business process outsourcing industry has expanded rapidly into new markets and economies from Brazil to China, and now the Middle East appears to be celebrating its role.<br/><br/>The Middle East Call Center 2011 Conference and Exhibition opened this week in Dubai, United Arab Emirates. The event will recognize and promote customer service solutions, practices, and advocacy within a global framework, while also acknowledging development on a local level.<br/><br/>&quot;Year after year, we see more companies and government entities adopting call centers as the corner stone of their customer service formula, and thus making the Middle East call center market more populous in terms of technologies and services alike,&quot; Dominick Keenaghan, president and CEO of Insights Middle East, told the Saudi Gazette.<br/><br/>The event will also feature hands-on demonstrations of new technologies and practices in the call center and BPO industry, as well as the various software solutions businesses are adopting to streamline efficiency, workforce and agent management, and quality control.<br/><br/>Last month, a large number of international political and business leaders met for a similar outsourcing summit in Ma&#39;anshan, China.]]></content:encoded></item>		<item><title>Convergence Could be Part of CRM's Future</title><link>http://www.teletech.com/news/customer-management/convergence-could-be-part-of-crm-s-future-800517351</link><pubDate>2011-05-31T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) is rapidly emerging as a key technological solution to gather customer data, share it between departments and support customer service initiatives.<br/><br/>The CRM industry&#39;s relative youth has led to a variety of solutions with diverse capabilities and CRM platforms capable of meeting widely disparate needs. However, the long-term ideal for CRM could be a solution that converges sales, marketing, and customer service into a single entity, industry expert Brad Wilson recently said in an interview with BNET.<br/><br/>Wilson told the news source CRM platforms are increasingly blurring lines between sales, marketing, and customer service departments. Furthermore, studies have shown that cooperation between these departments supports improved efficiency, Wilson said.<br/><br/>Over time, Wilson anticipates CRM technology to develop into a platform that supports collaboration between organizational departments and converges their tasks. This progression could be driven by cloud computing, mobile computing, and other emerging trends that impact CRM platforms, Wilson told the news source.<br/><br/>Managing CRM successfully is about recognizing that the technology is somewhat disruptive in nature. In a recent FastForward blog report, industry expert Ray Wang said businesses need to approach social CRM as more than just another marketing channel and understand how it can dramatically change processes for the better.]]></content:encoded></item>		<item><title>American Firms to Outsource 10,000 Jobs to Philippines</title><link>http://www.teletech.com/news/enterprise-management/american-firms-to-outsource-10-000-jobs-to-philippines-800519208</link><pubDate>2011-05-31T00:00:00</pubDate><content:encoded><![CDATA[ Several large American companies with substantial investments are outsourcing services to the Philippines in a move that is expected to create thousands of new jobs in the country.<br/><br/>According to Board of Investments managing head Cristino L. Panlilio, six U.S.-based firms with combined investments of approximately $100 million are outsourcing some 10,000 new positions to the Philippines, further stimulating the global business processes outsourcing market.<br/><br/>The BOI also reported that an American insurance company will hire unemployed Filipino nurses to provide clinical support for the company&#39;s insurance claims as well as provide service for home care patients in the U.S.<br/><br/>&quot;There are 30,000 unemployed nurses in the country and some of them have the opportunity to provide clinical support to these American patients,&quot; Board of Investments executive director Fe Reyes-Agoncillo told Manila Bulletin Publishing Corporation.<br/><br/>The Philippines have become an increasingly important market in the global BPO industry.<br/><br/>According to a recent study by the Central Bank of the Philippines, the country&#39;s Information Technology-BPO sector hired more than 444,000 workers in the first quarter of this year, representing a 25.3 percent growth.]]></content:encoded></item>		<item><title>Social CRM is Disruptive in Nature</title><link>http://www.teletech.com/news/customer-management/social-crm-is-disruptive-in-nature-800515204</link><pubDate>2011-05-27T00:00:00</pubDate><content:encoded><![CDATA[ Social customer relationship management (CRM) systems have the potential to disrupt enterprise sales, marketing, and CRM systems and make them customer-centric platforms that foster growth.<br/><br/>However, many businesses have been slow to recognize the value of social CRM and to respond to its potential, a recent FastForward Blog report said. According to the report, social CRM can improve data gathering by incorporating social media, while also helping organizations shift their internal focus to the customer.<br/><br/>Industry expert Ray Wang told the news source slow social CRM adoption can be attributed to a perception among executives that social CRM is just another channel for sales, marketing, and CRM.<br/><br/>Instead, Wang said, executives need to understand that social CRM disrupts current processes and allows a business to create a more open enterprise.<br/><br/>Social CRM&#39;s disruptive nature demands businesses transform their ideologies and processes to support the new technology, Wang told the news source.<br/><br/>Social CRM is so disruptive that it may go beyond just placing the emphasis on the customer, and give consumers a role as co-creators in the enterprise. In a recent MyCustomer.com report, industry expert Graham Hill said businesses should not consider social CRM just another communications platform, and look at it as a way to give customers genuine input in the enterprise.]]></content:encoded></item>		<item><title>Growth in Contact Center Sales May Be Due to Cloud Computing</title><link>http://www.teletech.com/news/contact-center-technology/growth-in-contact-center-sales-may-be-due-to-cloud-computing-800517774</link><pubDate>2011-05-27T00:00:00</pubDate><content:encoded><![CDATA[ Hosted contact center sales are on the rise, with much of the gains attributable to call centers&#39; growing adoption of cloud computing services and technologies that allow offices to streamline operations, reduce traffic by allocating manageable calls to automated responses, and store critical data off-site.<br/><br/>Channel Partners magazine recently reported that in an informal survey of several contact centers and business process outsourcing facilities, a majority of respondents claimed significant sales gains within the last one to two years.<br/><br/>The cloud computing industry itself has progressed similarly. Forrester Research reported in April that the market is projected to reach a value of $241 billion in 2020, compared to $41 billion this year. Analysts point out that the global BPO industry, relying in many ways on this technology, can be expected to follow suit.<br/><br/>&quot;While individually these reports are noteworthy, collectively they signal that businesses are embracing hosted contact center technology in unprecedented numbers,&quot; writes Khali Henderson for Channel Partners. &quot;The drivers, experts say, fall into a few buckets: lower cost, greater flexibility, and increasing comfort with cloud models.&quot;]]></content:encoded></item>		<item><title>Social CRM Can Put the Focus on the Customer</title><link>http://www.teletech.com/news/customer-management/social-crm-can-put-the-focus-on-the-customer-800514099</link><pubDate>2011-05-26T00:00:00</pubDate><content:encoded><![CDATA[ In many businesses, customer relationship management (CRM) strategies are developed with an emphasis on how they will affect a specific department within a business. On other occasions, the focus is on the channel itself or perhaps on its marketing impact. However, the emphasis for CRM platforms is supposed to go outside the company and focus on the customer.<br/><br/>According to a recent MyCustomer.com report, social CRM has the potential to surmount the barriers around internally focused CRM platforms and create a truly customer-centric approach to CRM.<br/><br/>Industry expert Graham Hill told the news source social CRM can enable value creation that takes place between the customer and the business, with the customer as the focus. Hill said such systems represent the most sustainable way to deploy CRM.<br/><br/>To accomplish such a system, the report said, businesses need to look beyond a focus on goods and sales and instead emphasize co-creation with consumers through service-dominant logic.<br/><br/>One way in which social CRM can create more opportunities to engage consumers is by giving businesses more accurate data. A recent FastForward Blog report said social CRM can provide an avenue to gather accurate customer data at a pace that will improve information quality and foster innovative CRM strategies.]]></content:encoded></item>		<item><title>BPM Market Grew Substantially in 2010</title><link>http://www.teletech.com/news/enterprise-management/bpm-market-grew-substantially-in-2010-800516639</link><pubDate>2011-05-26T00:00:00</pubDate><content:encoded><![CDATA[ The global business process management and middleware markets seem to have recovered strongly from the recession, according to new data released this week by International Data Corporation.<br/><br/>After enduring stalled growth in 2009, the BPM industry generated nearly $16.1 billion in revenue last year, reflecting a 9.2 percent expansion rate that is substantially higher than the 2.2 percent growth noted in 2009.<br/><br/>&quot;The BPM and middleware market continues to gain share overall in IT spending,&quot; claimed Maureen Fleming, program vice president of business process management and enterprise middleware research programs. &quot;Growth across the segments continues to be driven by innovation, even in the largest and most mature segments.&quot;<br/><br/>The study also found that of the two main sections of the market, application server middleware grew at a faster pace of 10.8 percent, compared to integration and process automation middleware, which grew 8.2 percent. - this sentence is confusing &quot;application server middleware&quot; comes right after you mention &quot;two&quot; and the second doesn&#39;t come until later. rework.<br/><br/>Other recent studies have shown expansion in the worldwide business process outsourcing market as well, with Everest Group reporting a 25 percent growth rate during the fourth quarter of 2010 - equaling $3 billion in annual contract value.]]></content:encoded></item>		<item><title>VoIP Emerging in the Enterprise</title><link>http://www.teletech.com/news/contact-center-technology/voip-emerging-in-the-enterprise-800513557</link><pubDate>2011-05-25T00:00:00</pubDate><content:encoded><![CDATA[ Voice over internet protocol (VoIP) is emerging as a significant technology in the enterprise because it can reduce operational costs and improve customer service.<br/><br/>The Globe and Mail reports VoIP has been a popular technology for years, but most businesses have been unable to invest in the solution because of performance issues.<br/><br/>Lackluster internet connections can make VoIP calls unreliable and choppy. However, high-quality internet services are now becoming pervasive, enabling VoIP solutions in a variety of settings.<br/><br/>According to the report, internet performance has improved so much that internet protocol-based video solutions now perform better than VoIP services did just a few years ago.<br/><br/>This new trust in networking capabilities and internet performance is leading to a growing trend toward VoIP deployment in enterprise settings, the report said.<br/><br/>VoIP is also becoming popular because it reduces call costs by making distance a non-issue and can save companies capital spending on internal IT investments if they choose hosted VoIP, the report said.<br/><br/>Hosted telephony technologies are especially useful in the call center, where they are quickly becoming more popular. According to a recent IndiaInfoOnline.com report, such technological advances are turning the outsourced call center into a place for innovation and growth.]]></content:encoded></item>		<item><title>Wall Street Expert Projects Growth for Global BPO Market</title><link>http://www.teletech.com/news/enterprise-management/wall-street-expert-projects-growth-for-global-bpo-market-800515570</link><pubDate>2011-05-25T00:00:00</pubDate><content:encoded><![CDATA[ A senior Wall Street analyst has projected substantial growth for the global business process outsourcing, IT, and financial technology market, adding to a number of other recent trends showing signs of continued growth for both call center services and global demand.<br/><br/>Matthew J. McCormack, a specialist in IT and BPO industry trends, told the The Wall Street Transcript that market conditions for global outsourcing markets reached a low in the first quarter of last year but have been steadily improving since then.<br/><br/>&quot;I would say the industry as a whole has guided to, on average, I would say 3 percent growth into 2011. I do think that&#39;s going to end up being conservative,&quot; McCormack said. &quot;We will probably see somewhere in the 5 percent to 7 percent growth category. The real driver of that will continue to be offshore growth, which should be in the high single-digits or low double-digits.&quot;<br/><br/>Markets in China, Brazil, Sri Lanka, the Philippines have shown particular growth. According to a recent survey by Research and Markets, the entire Brazilian business process outsourcing market is projected to grow at a compound annual growth rate of more than 10 percent from 2009 to 2015.]]></content:encoded></item>		<item><title>International Business Leaders Meet for Outsourcing Summit in China</title><link>http://www.teletech.com/news/enterprise-management/international-business-leaders-meet-for-outsourcing-summit-in-china-800514409</link><pubDate>2011-05-24T00:00:00</pubDate><content:encoded><![CDATA[ Despite debt crises throughout Europe and a stalled economic recovery in North America, global markets are continuing to adopt business process outsourcing strategies and services to optimize their budgets.<br/><br/>At the same time, BPO is helping to create jobs in developing nations and stimulate economic activity on a global scale.<br/><br/>This week, a large number of international political and business leaders converged on Ma&#39;anshan, China, for the fourth annual Global Outsourcing Summit. The conference focused on how outsourcing, including call center development, can help develop industries throughout the world, with a particular focus on China.<br/><br/>&quot;As China&#39;s economic structure evolves, the function of Chinese cities is gradually transforming,&quot; reports An Wei and Gou Siyuan for China.org. &quot;Officials say outsourcing centers improve the quality of life in urban areas, since it shifts the role of the urban workforce.&quot;<br/><br/>Brazil, the Philippines and the United Arab Emirates have also all been developing vibrant BPO markets that are helping to create jobs and economic growth. Worldwide the business process outsourcing market expanded by 25 percent during the first quarter of this year, according to a report from the Everest Group.]]></content:encoded></item>		<item><title>Transformative Period Shows How Much BPO Has Changed</title><link>http://www.teletech.com/news/enterprise-management/transformative-period-shows-how-much-bpo-has-changed-800513549</link><pubDate>2011-05-24T00:00:00</pubDate><content:encoded><![CDATA[ The business process outsourcing (BPO) industry is close to experiencing a period of rapid change. In 2011, more than 420 major industry contracts will come up for renewal, according to TPI, an industry consultant.<br/><br/>A recent report from IndiaInfoLine.com said the transition in the BPO industry reveals how much change has occurred during the past few years. When businesses renew their BPO contracts, they will be looking for different capabilities than they wanted when these contracts were first made at the beginning of the outsourcing boom, the report said.<br/><br/>Initially, BPO was simply about captive centers, where major businesses would hire local employees from foreign nations to reduce costs.<br/><br/>Over time, the report said, outsourcing evolved into a process that involved trying to shift current processes to a less expensive market.<br/><br/>Now, BPO has the potential to spur innovation and growth among businesses, making it a more important decision than ever, according to the report.<br/><br/>Supporting advanced call center technologies is one of the ways BPO organizations are fueling innovation. According to a recent Globe and Mail report, voice over internet protocol (VoIP) technology, which is somewhat pervasive in the contact center, is now emerging as a key enterprise solution.]]></content:encoded></item>		<item><title>Philippines Continues Emergence as BPO and Social Networking Hub</title><link>http://www.teletech.com/news/enterprise-management/philippines-continues-emergence-as-bpo-and-social-networking-hub-800512634</link><pubDate>2011-05-23T00:00:00</pubDate><content:encoded><![CDATA[ For almost a year, industry studies have shown a growing market for business process outsourcing (BPO) and social networking in the Philippines.<br/><br/>According to a recent Manila Bulletin report, those studies came to a head earlier this month when 24/7 Wall Street announced the country as the &quot;social networking capital of the world.&quot;<br/><br/>The Manila Bulletin said this recognition is not altogether surprising because the country had already positioned itself as a leader in text messaging and other social technologies.<br/><br/>This leadership in text messaging and social networking in general has positioned the Philippines to expand its role in the BPO industry, the report said. Because the country&#39;s residents have shown a propensity to use contemporary social communication tools, it has been easier for the nation to establish itself as a leading destination in the BPO industry.<br/><br/>To a great extent, BPO success is dependent on providing quality customer service regardless of employees&#39; geographical location. To accomplish this, many businesses turn to advanced customer relationship management (CRM) platforms. However, a recent CRM Buyer report advised businesses to approach CRM platforms as a business process enabler, not a basic technological solution, to achieve complete success with the software.]]></content:encoded></item>		<item><title>Dearth of IT Talent Expected to Rouse BPO Market</title><link>http://www.teletech.com/news/enterprise-management/dearth-of-it-talent-expected-to-rouse-bpo-market-800513413</link><pubDate>2011-05-23T00:00:00</pubDate><content:encoded><![CDATA[ While the global business process outsourcing trend has helped to rejuvenate employment hungry regions of the world such as Brazil, China, and the Philippines, the rapid outsourcing of IT operations and talent has led to something of a dearth of IT skills in the U.S.<br/><br/>Dice.com, a job site for IT professionals, recently noted a 60 percent jump in the number of available IT positions, - compared to the low points of the recession two years ago - despite record-high unemployment across all sectors.<br/><br/>The result has been a lack of IT talent and an over-stretched pool of professionals in the field, which may grow more complicated as the economy improves and tech demands continue to increase.<br/><br/>&quot;For better or for worse, this will accelerate the push for automation, and accelerate outsourcing at an even faster rate than before,&quot; writes Joe McKendrick for ZDNet.<br/><br/>&quot;With service orientation and the cloud,&quot; McKendrick adds, &quot;outsourcing bits and pieces of development and operations becomes a quick process at the click of a button.&quot;<br/><br/>The global BPO market expanded by 25 percent in the first quarter of this year, suggesting demand is progressing in spite of stalled economic recoveries in the U.S., Europe and elsewhere.]]></content:encoded></item>		<item><title>CRM Is More than Just a Technology</title><link>http://www.teletech.com/news/customer-management/crm-is-more-than-just-a-technology-800511707</link><pubDate>2011-05-20T00:00:00</pubDate><content:encoded><![CDATA[ When customer relationship management (CRM) programs fall short of a business&#39; expectations, it is easy to look at the core technology behind the CRM platform and try to implement a change.<br/><br/>A recent CRM Buyer report said such an approach is not going to solve most CRM problems and represents an incomplete outlook on the platform. Businesses that approach CRM like it is just a technology are underestimating what the platform is capable of and its cultural and process-related implications, the report said.<br/><br/>Instead of focusing on CRM as a technology to resolve customer service issues, businesses need to look at how the CRM platform fits within its processes and make sure the software is capable of supporting and enriching those procedures.<br/><br/>It is important to understand that CRM is capable of solving problems with business processes and customer service, the report said.<br/><br/>While making sure a CRM solution is capable of meeting a business&#39; needs, companies also need to address core elements of the platform. According to a recent TMCnet report, dealing with security is a key part of any successful CRM deployment, and businesses should emphasize data security when deploying new software.]]></content:encoded></item>		<item><title>Social Media, CRM, and the Evolving BPO Market</title><link>http://www.teletech.com/news/enterprise-management/social-media-crm-and-the-evolving-bpo-market-800512394</link><pubDate>2011-05-20T00:00:00</pubDate><content:encoded><![CDATA[ Social media is an increasingly important component of the business landscape, as a recent report from Social Media Examiner found more than 90 percent of marketing professionals find the channel crucial to their business operations.<br/><br/>More recently, call centers have begun adopting these networks for use in business process outsourcing and customer relationship strategies - a trend referred to as &quot;social CRM.&quot;<br/><br/>For example, contact centers and agents can now effectively leverage social media to channel callers and resources. Centers and BPO clients will also be able to harness new advertising mediums to expedite operations.<br/><br/>&quot;Social media&#39;s impact on call centers is melding the business and customer with advertising, promoting end-user inputs, and brand awareness,&quot; writes Tom Topolinski for Destination CRM magazine. &quot;It&#39;s also changing the support relationship from 1:1 to 1:many as most social media communications are shared with others in the customer&#39;s network (thus social).&quot;<br/><br/>Topolinski adds that these innovations are beginning to permit social sharing, effectively creating an environment of instant access to information for end-users.<br/><br/>As the global BPO market continues to expand and social media continues to evolve as a business, marketing and networking tool, call centers need to stay informed on the latest trends affecting the industry.]]></content:encoded></item>		<item><title>Cultural, Linguistic Diversity Impacting the Call Center (9)</title><link>http://www.teletech.com/news/customer-management/cultural-linguistic-diversity-impacting-the-call-center-800510656</link><pubDate>2011-05-19T00:00:00</pubDate><content:encoded><![CDATA[ The U.S. contact center market is rapidly changing as more businesses are hiring Spanish-speaking agents who are capable of servicing the growing Hispanic population in the country, TMCnet reports.<br/><br/>Industry expert Michael Curry told the news source businesses can dramatically improve their customer service, and subsequently create growth opportunities, by investing in linguistically and culturally diverse staff capable of communicating with a wide range of callers.<br/><br/>Reaching out to Spanish speakers is especially important in the United States, Curry told TMCnet, because the economic sectors that are declining throughout the country are actually rising among the U.S. Hispanic community.<br/><br/>Curry explained that cultural and geographical dialects also matter in the contact center.<br/><br/>&quot;If you&rsquo;re a company in Atlanta servicing local customers, you wouldn&rsquo;t hire a call center out of New York City. The dialect makes the call. Mexican dialect Spanish is more cordial, kind of like Southern English. The dialect makes the call,&quot; Curry told the news source.<br/><br/>Providing quality customer service is dependent on many factors in the call center. Besides improving linguistic capabilities, enhancing technology, performance management, and coaching can improve call center efficiency, according to Envision.]]></content:encoded></item>		<item><title>Embracing the Need to Adopt BPO Management Systems</title><link>http://www.teletech.com/news/enterprise-management/embracing-the-need-to-adopt-bpo-management-systems-800511351</link><pubDate>2011-05-19T00:00:00</pubDate><content:encoded><![CDATA[ As call center networks become more complex and more organizations look to business process outsourcing to optimize their operations and customer service tasks, the need for effective management practices is paramount.<br/><br/>Of course, there are call center and workforce management programs to help delegate responsibilities and ensure worker performance and scheduling. These technologies can also help contact centers determine the right number of agents are on hand to meet demand.<br/><br/>&quot;Paradoxically, companies are now starting to cut back on IT investments - which in some cases can limit the efficacy of call center managers,&quot; writes Patrick Barnard, senior&nbsp;web&nbsp;editor for TMCnet. &quot;Many of these companies fail to see that by upgrading their systems, they can reduce operating costs and achieve ROI while at the same time improving service levels.&quot;<br/><br/>One such market that seems to be grasping the need for BPO management - be it software or personnel - is the U.S. insurance industry.<br/><br/>Research firm Celent projected this week that the North American insurance BPO market will grow at a combined annual growth rate of 10 percent in 2011.]]></content:encoded></item>		<item><title>Successfully Deploying New CRM Software</title><link>http://www.teletech.com/news/customer-management/successfully-deploying-new-crm-software-800509329</link><pubDate>2011-05-18T00:00:00</pubDate><content:encoded><![CDATA[ Any change can be difficult in enterprise settings. However, integrating a new customer relationship management (CRM) platform can be especially challenging because it requires a cultural change.<br/><br/>While deploying CRM can be a burden, it is becoming critical, Forbes reports. To make sure a CRM platform is properly deployed, a business can follow a few key guidelines, the report said.<br/><br/>One of those guidelines is to establish a clear champion to represent the project. According to Forbes, having an administrator who is willing to tout the CRM platform and its many benefits will make it easier for other employees to get behind the program and support the cultural change necessary to deploy the new software.<br/><br/>Another key step in deploying CRM is having a clear goal behind the program. The report said broad ideals, such as improving sales, are too soft to bring about systematic change. Instead, businesses should have a clearly definable concept of the CRM program&#39;s purpose to ensure successful integration with business processes.<br/><br/>CRM technology is becoming especially important because businesses are struggling to gather, control, and maintain data. A recent survey from the Aberdeen Group said more businesses are turning to CRM platforms to improve their data management procedures.]]></content:encoded></item>		<item><title>Insurance Market Adopting BPO in Greater Numbers</title><link>http://www.teletech.com/news/enterprise-management/insurance-market-adopting-bpo-in-greater-numbers-800510234</link><pubDate>2011-05-18T00:00:00</pubDate><content:encoded><![CDATA[ The U.S. insurance market is relying more and more on business process outsourcing services in order to expedite its operations, according to a survey released this week by research firm Celent.<br/><br/>The study projects a combined annual growth rate of 10 percent for the North American insurance BPO market. In addition, analysts expect expenditures to reach $3.7 billion by 2016, up from a projected $2.3 billion this year.<br/><br/>&quot;It was expected that the economic events of 2008 through 2010 would force many insurers to rethink their views on business process outsourcing,&quot; the report states, according to Insurance Networking News.<br/><br/>&quot;As cost containment became a mandate and insurers looked for ways to manage costs, business process outsourcing experienced growth over the past two years,&quot; the report adds, &quot;but adoption of BPO by insurers for core insurance services progressed at a slower rate than expected in North America.&quot;<br/><br/>Meanwhile, the global BPO market continues to expand as well, reaching a 25 percent growth rate in the first quarter of this year, according to Everest Group.]]></content:encoded></item>		<item><title>Data Management Critical for Sales Initiatives</title><link>http://www.teletech.com/news/revenue-generation/data-management-critical-for-sales-initiatives-800509328</link><pubDate>2011-05-18T00:00:00</pubDate><content:encoded><![CDATA[ Managing data in customer relationship management (CRM) platforms is an essential part of any sales, customer acquisition, or lead generation program.<br/><br/>According to a recent survey performed by the Aberdeen Group, businesses that are unable to control, interpret, and maintain accurate sales and CRM-related data significantly damage their ability to make sales forecasts or develop corporate strategies.<br/><br/>Despite the importance of finding, recording, and maintaining accurate data, the survey found companies consider data management as a critical challenge. Therefore, many businesses struggle to use data properly in their efforts to plan for their sales future.<br/><br/>To improve data gathering and management techniques, the survey found more businesses are turning to the IT department. This is leading to more technological solutions, such as CRM software, to resolve issues with data management in the enterprise. Sales analytics programs are also becoming more popular as a data management solution.<br/><br/>Because CRM software is becoming a critical part of data management in enterprise settings, it is establishing itself as a key technology. A recent Forbes report explained that CRM programs are now a critical part of enterprise operations and no longer a luxury software item.]]></content:encoded></item>		<item><title>Report: Businesses Should Have a Clear Motivation to Guide CRM</title><link>http://www.teletech.com/news/customer-management/report-businesses-should-have-a-clear-motivation-to-guide-crm-800507875</link><pubDate>2011-05-17T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) is a critical tool for managing customer information and enabling employees to interact with consumers. However, businesses should not deploy a CRM platform simply because it sounds like a good way to keep up with competitors.They should have a specific motivation in mind, the E-Commerce Times reports.<br/><br/>The report said most CRM platforms have a specific focus, and businesses should therefore have a clearly defined reason for adopting the program. That reason could be anything from a need to track sales data better to a desire to update customer information automatically based on data gathered from social media.Regardless, motivation needs to be present and clear, the report said.<br/><br/>In most cases, the report said, CRM motivations will stem from problems. Over time, a department will struggle so much with a particular issue that the company will decide to deploy a CRM platform that resolves this problem. The report explained this is not only one of the most common, but, in many cases, one of the most effective reasons for deploying CRM software.<br/><br/>Improving data quality could be a motivating factor to deploying a specific CRM platform. A recent survey from DataFlux found many businesses currently do not trust their customer data.]]></content:encoded></item>		<item><title>Maintaining BPO Across Disparate Markets</title><link>http://www.teletech.com/news/enterprise-management/maintaining-bpo-across-disparate-markets-800509209</link><pubDate>2011-05-17T00:00:00</pubDate><content:encoded><![CDATA[ The global business process outsourcing market is continuing to expand, having experienced a 25 percent expansion rate in the first quarter of this year, according to research from Everest Group.<br/><br/>But as the industry grows, stimulating the creation of new markets in developing nations around the world, it will become increasingly challenging for outsourcing businesses to maintain an effective operational level that retains the financial incentive of implementing a contact center to begin with.<br/><br/>&quot;Maintaining and enhancing that productivity has become more complex,&quot; writes Brendan B. Read for TMCNet. &quot;For example customer satisfaction, or CSAT, has emerged as a key goal, yet it usually but not axiomatically translates into continued or higher sales. Also supporting customers via new text-based channels can have an impact on output.&quot;<br/><br/>Regulatory and compliance issues are also emerging amid the ever-globalizing BPO market. Accordingly, call centers and outsourcing firms need to develop communications networks that include voice, web, social media, and email in order to optimize productivity and generate revenue.]]></content:encoded></item>		<item><title>More Individuals Embracing Elearning for Workplace Skills</title><link>http://www.teletech.com/news/learning-services/more-individuals-embracing-elearning-for-workplace-skills-800507862</link><pubDate>2011-05-17T00:00:00</pubDate><content:encoded><![CDATA[ More people are turning to elearning technologies to obtain job training more efficiently and affordably.<br/><br/>John Baker, former development and human resources operations director at Legal and General, recently told CompuTeach that elearning is becoming more popular in both public and private sector workplaces. It is also becoming an especially popular tool for employees trying to learn basic computer skills or take tutorials on specific workplace programs.<br/><br/>Citing a survey from Chartered Institute of Personnel and Development, Baker explained that elearning use has grown by approximately 14 percent in just a year, and should be positioned to continue expanding in the near future.<br/><br/>Now that the industry is experiencing a high quantity of elearning users, Baker said it needs to turn its focus onto making sure elearning programs achieve the type of quality those users need.<br/><br/>The Institute of Information Technology Training (ITT) has recognized a similar trend. According to the ITT, dwindling budgets are leading to greater investments in cost-efficient training programs, especially elearning. Colin Steed, CEO for the ITT, said many training centers are responding to the growing trend toward elearning by expanding their educational portfolios and investments in the channel.]]></content:encoded></item>		<item><title>Businesses Uncertain About CRM Data Quality</title><link>http://www.teletech.com/news/customer-management/businesses-uncertain-about-crm-data-quality-800507461</link><pubDate>2011-05-16T00:00:00</pubDate><content:encoded><![CDATA[ A successful customer relationship management (CRM) system, regardless of its underlying technology, depends on high-quality data.<br/><br/>According to a recent survey conducted by DataFlux, many businesses do not feel like they can trust the data in their CRM platforms.<br/><br/>To a certain extent, this problem can be attributed to businesses running multiple CRM programs in different departments, and trying to integrate those technologies together. The report said 26 percent of respondents had a system based on multiple CRM platforms.<br/><br/>Such systems can be ineffective, the report explained, because they are more likely to gather redundant or contradictory data. Furthermore, poor data quality in one application will infect the information in the other.<br/><br/>Overall, the greatest challenges of maintaining multiple CRM platforms stem from deduplication and interoperability. Forty-seven percent of respondents cited deduplication as the most problematic issue, while 23 percent said interoperability between disparate systems is hardest to maintain.<br/><br/>Data quality is not the only important factor in deploying an effective CRM program. A recent E-Commerce Times report explained that businesses need to have a clear motivation that drives their CRM development if they want the platform to be effective.]]></content:encoded></item>		<item><title>Social CRM Can Help Businesses Manage Costs, Report Says</title><link>http://www.teletech.com/news/customer-management/social-crm-can-help-businesses-manage-costs-report-says-800506480</link><pubDate>2011-05-13T00:00:00</pubDate><content:encoded><![CDATA[ As the economy begins to recover from the recession, businesses are striving to generate more productivity with fewer resources to maximize financial gain.<br/><br/>According to a recent report from Destination CRM, social customer relationship management (CRM) programs can help businesses achieve their desired productivity gains while still limiting costs.<br/><br/>One way to accomplish this is to focus on social media sites as part of the CRM process, the report said. When using social media, businesses typically only have to spend on the time and employee effort it takes to manage the profile and interact with customers; the platform itself is usually free.<br/><br/>Social media is not only cost-effective, it is also capable of directly connecting businesses with their customers through a cohesive online channel. The report explained that businesses can hear customer concerns, respond to queries, and build relationships using social media as the primary platform for interaction.<br/><br/>Developing a social CRM strategy can be overwhelming at first because businesses need to process a lot of information and devote plenty of time to the channel. Therefore, a recent Information Management report advised that companies slowly develop social media presence, adding functionality as they become more comfortable with the platform.]]></content:encoded></item>		<item><title>Tips For Maintaining Call Center Profitability</title><link>http://www.teletech.com/news/enterprise-management/tips-for-maintaining-call-center-profitability-800507237</link><pubDate>2011-05-13T00:00:00</pubDate><content:encoded><![CDATA[ Entrepreneurs and professionals looking to enter the hosted call center or business process outsourcing market are engaging in an intensely competitive industry that has continued to expand worldwide in recent years - even through the global recession.<br/><br/>Of course, no business - even in the lucrative BPO market - is exempt from the threat of mismanagement, sales declines or poor service. As markets continue to expand and emerge from the grasp of the downturn, it&#39;s important to keep some key points in mind in regards to maintaining profitability in spite of the competition.<br/><br/>Susan J. Campbell, a contributing editor for TMCnet, suggests hosted call center providers assert their uniqueness. Differentiation can and will be the defining factors for potential clients.<br/><br/>&quot;The key element here is the company has to actually be different, not just say they are different,&quot; Campbell writes for the source. &quot;Those companies that can do this effectively are more profitable, close more deals, etc.&quot;<br/><br/>Cost reduction is another important element, in that certain technologies are radically more cost-efficient than others. For example, a recent study by Frost &amp; Sullivan found call centers can reduce their operations and workforce expenses by up to 43 percent over a five-year period by embracing cloud computing technologies.]]></content:encoded></item>		<item><title>Brazilian BPO Market on the Rise</title><link>http://www.teletech.com/news/customer-management/brazilian-bpo-market-on-the-rise-800506179</link><pubDate>2011-05-12T00:00:00</pubDate><content:encoded><![CDATA[ While the global business process outsourcing market grew by 25 percent - with a transactions volume of $3 billion - in the first quarter of this year, according to Everest Group, one market appears to be making significant headway in the industry: Brazil.<br/><br/>According to a recent survey by Research and Markets, the Brazilian contact center outsourcing market is expected to expand at a compound annual growth rate of more than 10 percent from 2009 to 2015.<br/><br/>The study also noted that total market revenues reached more than $3.9 billion in 2009 - an increase of more than 12 percent from the previous year, signifying one of the fastest growing BPO markets in Latin America.<br/><br/>&quot;While most of the clients still consider outsourcing from a cost-advantage perspective, outsourcers have started to see their participation in the outsourcing business far beyond the traditional services that they used to provide, thereby looking to gain participation in more complex enterprise processes such as billing, accounting, financial report, hiring, recruiting, legal services, and so on,&quot; a summary of the report reads.<br/><br/>As the market continues to expand and operational expenses rise, the reports posits that call centers will be challenged to maintain high-quality service while minimizing costs.]]></content:encoded></item>		<item><title>Cloud CRM Can Improve Customer Management</title><link>http://www.teletech.com/news/customer-management/cloud-crm-can-improve-customer-management-800505159</link><pubDate>2011-05-12T00:00:00</pubDate><content:encoded><![CDATA[ Businesses that are still trying to use spreadsheets or advanced email applications to manage their customer relationships may fall behind their competitors in customer relationship management (CRM).<br/><br/>A recent TMCnet report explains that cloud-based CRM systems offer businesses such significant advantages over spreadsheets and other outdated platforms that organizations neglecting to make an upgrade could limit their growth potential.<br/><br/>Citing a recent Soffront Blog report, TMCnet explained that spreadsheets and other similar tools give businesses the illusion that they can manage their CRM needs on their own, without the help of a dedicated application. However, companies that deploy cloud CRM platforms quickly recognize that they were missing out on critical capabilities when they were using other systems.<br/><br/>Cloud CRM solutions are capable of adding more effective sales workflows, inter-departmental sharing capabilities, marketing automation, and other capabilities than the basic contact list offerings provided by a spreadsheet-based solution, the report said.<br/><br/>Recent advances in cloud CRM solutions are even helping businesses integrate their CRM platforms with social media analytics. A recent IDG News Service report explains that social CRM strategies enable businesses to gain a more meaningful understanding of consumer relationships through social media channels.]]></content:encoded></item>		<item><title>Unified Communications Myths Debunked</title><link>http://www.teletech.com/news/contact-center-technology/unified-communications-myths-debunked-800505162</link><pubDate>2011-05-12T00:00:00</pubDate><content:encoded><![CDATA[ Unified communications (UC) is such a large sector that it readily attracts myths and inaccuracies about its capabilities. However, the technology&#39;s maturation is beginning to expose its true capabilities.<br/><br/>According to a recent IT News Africa report, one of the key myths surrounding UC is that it is essentially the same thing as voice over internet protocol (VoIP). However, it is important to recognize that VoIP is simply one component of UC, which is actually a much larger and more advanced concept.<br/><br/>To illustrate this point, the report cites Gartner&#39;s belief that UC can include up to 16 different technologies, including voice, videoconferencing, converged conferencing, communications-enabled business process, and call center solutions.<br/><br/>Businesses need to understand that UC is both bigger and better than VoIP, the report said. UC is better than VoIP because it is typically built on more advanced technological infrastructure. This supports high-performance telephony applications that go well beyond the capabilities of VoIP, according to the report.<br/><br/>UC is rapidly maturing into a more flexible and reliable technology. CRN reports many companies are investing in virtualized UC platforms that separate the UC software from physical servers, making the solution more scalable and easier to backup.&nbsp;]]></content:encoded></item>		<item><title>The Right Equipment Can Support Advanced VoIP Services</title><link>http://www.teletech.com/news/contact-center-technology/the-right-equipment-can-support-advanced-voip-services-800504447</link><pubDate>2011-05-11T00:00:00</pubDate><content:encoded><![CDATA[ Businesses that deploy voice over internet protocol (VoIP) technology often do so to avoid the high costs associated with investing in IT infrastructure to support advanced non-IP telephony services.<br/><br/>However, businesses that invest in the right hardware to support their VoIP services can leverage advanced technologies, such as unified communications (UC). According to a recent TMCnet report, most VoIP programs are based on personal computers, mobile devices, IP phones, and integrated VoIP solutions.<br/><br/>Each of these devices is capable of providing a quality VoIP service that enables workers to communicate more readily with customers. However, each has its own limitations, as well. For example, mobile devices often will not support some of the more advanced features available on personal computers, but they let workers communicate with customers remotely.<br/><br/>The report explained that businesses need to evaluate their VoIP strategies and make sure their investments in equipment are able to support what they want the technology to accomplish. They also need to consider any continuity issues, such as making sure a backup service is available if a power outage occurs, the report said.<br/><br/>To improve VoIP efficiency and flexibility, many businesses are turning to a software-based public branch exchange (PBX) system. TechTarget reports software PBX solutions can be ideal for disaster recovery.]]></content:encoded></item>		<item><title>Cloud CRM Can Help a Company Stand Out From its Peers</title><link>http://www.teletech.com/news/customer-management/cloud-crm-can-help-a-company-stand-out-from-its-peers-800503172</link><pubDate>2011-05-10T00:00:00</pubDate><content:encoded><![CDATA[ Cloud-based customer relationship management (CRM) platforms offer businesses unique tools to help them manage customer service and sales.<br/><br/>Citing a recent Soffront blog post, TMCnet said there are a few key ways that businesses can use cloud CRM platforms to differentiate themselves from competitors and create new sales opportunities.<br/><br/>One of the best ways to create a competitive advantage in sales is to focus on product knowledge, the report said. A salesperson that has an intimate knowledge of the company&#39;s products can combine that information with the capabilities of the CRM platform to maximize sales opportunities.<br/><br/>Relationship building is another key, the report said. CRM technology can help sales associates gain critical information about consumers and use that data to build lasting relationships over time. This can spur sales initiatives and create trust between a company and its customers.<br/><br/>Cloud-based platforms for CRM are increasingly growing as fully-integrated solutions. According to a recent GigaOm report, CRM applications and other Software-as-a-Service applications have traditionally been rolled out within an individual department. However, the technology has matured to a point that many businesses are working to deploy a solution that is integrated across multiple departments.]]></content:encoded></item>		<item><title>IVRs Can Help Expedite Contact Center Operations</title><link>http://www.teletech.com/news/contact-center-technology/ivrs-can-help-expedite-contact-center-operations-800504035</link><pubDate>2011-05-10T00:00:00</pubDate><content:encoded><![CDATA[ Interactive voice response systems have been somewhat controversial when it comes to their role within a contact center, especially when it comes to sales. However, IVRs can be extremely advantageous when implemented in an effective and strategic manner.<br/><br/>Specifically, IVRs should not serve to replace sales professionals, but instead augment their operations and work to hasten the less complicated outsourced sales tasks.<br/><br/>&quot;The goal of the IVR in these types of sales should be to maximize the selling time of the sales agents, while providing a good experience for the customer,&quot; writes Phil Gray for TMCnet. &quot;Through this approach, an IVR can provide both an increase in revenue per call and a reduction in cost.&quot;<br/><br/>For that matter, it is important that a contact center&#39;s systems are capable of properly identifying the purpose of a customer&#39;s call, channeling the caller to the proper venue accordingly.<br/><br/>Everest Group reported last week that Business Process Outsourcing (BPO) transactions reached a three-year high in the first quarter of this year, and as technology continues to improve as well, call centers should ensure that they are informed on the latest market trends.]]></content:encoded></item>		<item><title>SIP Trunking Ideal For Advanced Telecom Services, Report Says</title><link>http://www.teletech.com/news/contact-center-technology/sip-trunking-ideal-for-advanced-telecom-services-report-says-800503165</link><pubDate>2011-05-10T00:00:00</pubDate><content:encoded><![CDATA[ Voice over internet protocol (VoIP) technology has become popular in call centers to handle basic calls. But some businesses working to deploy advanced telephony measures are turning to session initiation protocol (SIP) trunking.<br/><br/>According to industry expert Steven Johns, many businesses see SIP trunking as essentially the same thing as VoIP. However, SIP trunking uses an internet protocol (IP) line through an Ethernet or broadband connection to support more advanced telephony services than a basic VoIP network.<br/><br/>Industry expert Tahir Mohsan said businesses need to recognize that SIP trunking can handle much more than VoIP.<br/><br/>&quot;It is important for the concerned to know that SIP trunks do not only manage voice, but [they] can handle anything that can be converted to data, such as video, chat or instant messaging, email, concurrent call sessions in the same line... and overall continuity of the business,&quot; said Mohsan.<br/><br/>Businesses deploying SIP trunking may want to consider investing in an enterprise session border controller (E-SBC). A recent No Jitter report said an E-SBC can ensure interoperability, upgradability, and security when businesses use SIP trunking for unified communications.]]></content:encoded></item>		<item><title>Report: Social Media Can Be Used to Support Customer Service</title><link>http://www.teletech.com/news/customer-management/report-social-media-can-be-used-to-support-customer-service-800501877</link><pubDate>2011-05-09T00:00:00</pubDate><content:encoded><![CDATA[ Social customer relationship management (CRM) and other customer support technologies have the potential to improve customer relationship and improve sales volumes.<br/><br/>A recent survey conducted by the Economist displays that there is a clear correlation between how much a company is willing to invest in social CRM and other customer support technologies and the volume of customer service calls it tends to receive.<br/><br/>According to the survey, most businesses that invest in customer service technology will spend more time engaging with consumers. Overall, 59 percent of the respondents that reported technology investments in the past 12 months said they also experience a directly related increase in customer service productivity.<br/><br/>Increased productivity in the customer service department is a sign that the company can handle the concerns of more consumers and enjoy improved efficiency in the contact center.<br/><br/>Technologies that help businesses integrate their social media platforms with their CRM solutions are quickly becoming popular. According to a recent SugarCRM survey, 70 percent of respondents have not yet managed to integrate their social media and CRM platforms into a cohesive social CRM platform. However, 70 percent of respondents plan to do so in the next year.]]></content:encoded></item>		<item><title>Philippines IT-BPO Market Continues Expansion</title><link>http://www.teletech.com/news/contact-center-technology/philippines-it-bpo-market-continues-expansion-800502950</link><pubDate>2011-05-09T00:00:00</pubDate><content:encoded><![CDATA[ Following last week&#39;s news that global Business Process Outsourcing (BPO) transactions reached a three-year high in the first quarter of this year, as reported by Everest Group, it appears as if the Philippines&#39; BPO market is also expanding.<br/><br/>According to a report released Friday by the Bangko Sentral ng Pilipinas (BSP), the country&#39;s Information Technology-BPO sector (IT-BPO) hired more than 444,000 workers, representing a 25.3 percent growth.<br/><br/>&quot;Total revenues were estimated at $8.3 billion, higher by 30.6 percent than the $6.3 billion receipts reported in 2008. While the growth rate recorded may have slowed down from those of previous years, it is still robust compared with that of other industries in the country,&quot; the BSP pointed out in a statement.<br/><br/>Contact centers contributed the largest segment of growth, accounting for 50.9 percent of the industry&#39;s receipts and 21.6 percent of growth in the Philippines market.<br/><br/>The gains in the country&#39;s IT sector are also interesting considering its role in the global market, as last week&#39;s Everest Group report found that the banking, financial services, insurance and healthcare markets lead most of global BPO expansion, while IT outsourcing fell from the previous quarter.]]></content:encoded></item>		<item><title>Overcoming the Challenges of Building an Integrated CRM Platform </title><link>http://www.teletech.com/news/customer-management/overcoming-the-challenges-of-building-an-integrated-crm-platform-800501203</link><pubDate>2011-05-06T00:00:00</pubDate><content:encoded><![CDATA[ Integrating a social customer relationship management (CRM) platform can be a major challenge.<br/><br/>According to a recent SugarCRM survey, 70 percent of respondents report they have not yet developed an integrated social CRM system. However, 70 percent of respondents also said they plan to work toward integration during 2011.<br/><br/>Information Management reports that achieving social CRM integration is dependent on taking a few key strategies to manage social CRM efforts. One of those strategies is thinking about the inherent purpose of social CRM.<br/><br/>The report said social CRM is essentially an effort to recreate the friendly sales environment and corporate interaction that used to take place through in-person meetings and other such relational connections. The current enterprise scope is so large that electronic methods now dictate relationships, and social CRM strategies should try to replicate friendly meetings, according to the report.<br/><br/>Using technology to support sales initiatives can be one of the key benefits of social CRM. Respondents to a recent Economist survey supported the belief that CRM can benefit sales. Fifty-nine percent of those that have implemented new technology in the past 12 months saw a significant boost in customer service productivity as a result.]]></content:encoded></item>		<item><title>Developing a Social CRM Strategy</title><link>http://www.teletech.com/news/customer-management/developing-a-social-crm-strategy-800501801</link><pubDate>2011-05-06T00:00:00</pubDate><content:encoded><![CDATA[ A recent survey by Social Media Examiner found 90 percent of marketers find social media to be an important aspect of their business operations. While networks such as Facebook, LinkedIn and Twitter can be leveraged to advance one&#39;s marketing strategies, these channels can also be used to developed comprehensive customer relationship management strategies.<br/><br/>However, a number of recent studies have shown a substantial majority of businesses have not integrated a social CRM strategy into their operations.<br/><br/>For those who plan to do so, it is important to always keep the experience of your customers in mind, developing interactive campaigns that incite them to act. Also recognize that although your business may have operating hours, social media does not, so your strategies should include means of reaching socially active customers at a moment&#39;s notice.<br/><br/>&quot;Don&#39;t forget the importance of traditional CRM,&quot; points out Nick Halsey in Information Management magazine. &quot;Develop a key understanding of where and why your customers are talking about you online; build upon existing platforms - do not create more work than is necessary and, finally, keep the user experience top of mind.&quot;]]></content:encoded></item>		<item><title>Overcoming the Challenges of Building an Integrated CRM Platform</title><link>http://www.teletech.com/news/customer-management/overcoming-the-challenges-of-building-an-integrated-crm-platform-800501128</link><pubDate>2011-05-06T00:00:00</pubDate><content:encoded><![CDATA[ Integrating a social customer relationship management (CRM) platform can be a major challenge.<br/><br/>According to a recent SugarCRM survey, 70 percent of respondents report they have not developed an integrated social CRM system. However, 70 percent of respondents said they plan to work toward integration during 2011.<br/><br/>Information Management reports that achieving social CRM integration is dependent on taking a few key strategies to manage social CRM efforts. One of those strategies is thinking about the inherent purpose of social CRM.<br/><br/>The report said social CRM is essentially an effort to recreate the friendly sales environment and corporate interaction that used to take place through in-person meetings and other such relational connections. The current enterprise scope is so large that electronic methods now dictate relationships, and social CRM strategies should try to replicate friendly meetings, according to the report.<br/><br/>Using technology to support sales initiatives can be one of the key benefits of social CRM. Respondents to a recent Economist survey supported the belief that CRM can benefit sales. Fifty-nine percent of those that have implemented new technology in the past 12 months saw a significant boost in customer service productivity as a result.]]></content:encoded></item>		<item><title>Study: Cloud Services Can Significantly Reduce Hosted Call Centers' Expenses</title><link>http://www.teletech.com/news/contact-center-technology/study-cloud-services-can-significantly-reduce-hosted-call-centers-expenses-800500896</link><pubDate>2011-05-05T00:00:00</pubDate><content:encoded><![CDATA[ A new study released this week by Frost &amp; Sullivan suggests contact centers and locations can save large amounts of capital by switching to cloud-based services instead of bulky and time-consuming equipment installations.<br/><br/>According to the report, contact centers can lower their handling and workforce expenses by as much as 43 percent over a five-year period by embracing cloud computing resources.<br/><br/>The study analyzed 12 contact center configurations ranging in size from 50 to 500 seats and found that the total cost of ownerships among hosted call center services was lower than premise-based systems in both three- and five-year scenarios in each of the 12 configurations.<br/><br/>&quot;The larger the contact center, the higher the savings with the hosted model,&quot; the report reads. &quot;Over five years, 100-seat centers averaged 23 percent savings, 250-seat centers averaged 34 percent savings and 500-seat centers averaged 43 percent savings.&quot;<br/><br/>The value of cloud computing in optimizing business performance has been noted across a number of industries - not just business process outsourcing. A recent survey by Forrester Research found the industry is expected to reach a market value of $241 billion by 2020, up from 2011&#39;s projection of only $41 billion.]]></content:encoded></item>		<item><title>Electronic Learning on the Rise</title><link>http://www.teletech.com/news/learning-services/electronic-learning-on-the-rise-800500152</link><pubDate>2011-05-05T00:00:00</pubDate><content:encoded><![CDATA[ More businesses are turning to elearning principles and technologies to help reduce employee training costs, especially in the information technology (IT) sector.<br/><br/>A recent survey performed by the Institute of Information Technology Training (ITT) found dwindling training budgets are leading to a corresponding rise in elearning because companies can use electronic training tools to more efficiently initiate new educational policies.<br/><br/>ITT CEO Colin Steed told the news source many trainers are responding to business&#39; demand for elearning by expanding their own abilities to provide related services.<br/><br/>&quot;More public sector teams are starting to use elearning and live online learning tools to deliver training. They&#39;re also placing greater emphasis on demonstrating their value to the organization and raising their internal profile,&quot; said Steed.<br/><br/>Overall, the survey anticipates significant budget cuts in training, and therefore predicts the elearning sector will rapidly grow because it can provide less expensive training services to businesses in both private and public sector organizations.<br/><br/>Electronic learning programs are being embraced in many settings, and U.K businesses of all sizes seem to be excited about the tactic. Industry expert James Bellini recently told TaxAssist Accountants that many U.K. businesses are embracing elearning ideologies.]]></content:encoded></item>		<item><title>Businesses Need an External Focus to Succeed in CRM, Report Says (4)</title><link>http://www.teletech.com/news/customer-management/businesses-need-an-external-focus-to-succeed-in-crm-report-says-800499161</link><pubDate>2011-05-04T00:00:00</pubDate><content:encoded><![CDATA[ Traditionally, businesses have developed customer relationship management (CRM) and other customer service initiatives by making internal and business-focused changes to improve efficiency and serve customers better.<br/><br/>According to a recent Forrester Research report, businesses need to change this internal focus and look at themselves from a customer&#39;s perspective before deploying social CRM strategies.<br/><br/>The report said gaining a customer-centric perspective is about making cultural changes that create an outward-focused atmosphere in a business. The cultural change can fuel movement away from business-centric strategies and lead to technological and strategic developments that will help foster a continued emphasis on the customer.<br/><br/>&quot;Well-intentioned customer relationship management efforts that focus on internal processes and objectives have largely failed to serve the most important stakeholder: the customer,&quot; said Paul Hagen analyst for Forrester Research.<br/><br/>Accomplishing the cultural change necessary to foster a customer-centric approach in CRM is also dependent on data, the report said, as businesses need to acquire and analyze relevant information from a customer&#39;s perspective.<br/><br/>Changing cultural values in a business can be hard, but successful CRM is proving its worth. A recent Computing survey found UK businesses are quickly adopting social CRM strategies and are using the technology in diverse ways.]]></content:encoded></item>		<item><title>Global Outsourcing Market Continues Expansion in First Quarter</title><link>http://www.teletech.com/news/contact-center-technology/global-outsourcing-market-continues-expansion-in-first-quarter-800499872</link><pubDate>2011-05-04T00:00:00</pubDate><content:encoded><![CDATA[ The global outsourcing industry continued to expand through the first quarter of 2011, as Business Process Outsourcing (BPO) transactions reached a three-year high, according to a report released Wednesday by Everest Group.<br/><br/>Specifically, first quarter global transaction volumes reached $3 billion in annual contract value (ACV), marking a 25 percent increase over the fourth quarter of last year. The banking, financial services, insurance and healthcare markets led much of the growth, while IT outsourcing fell from the previous quarter.<br/><br/>&quot;The global sourcing market continues to see steady growth in terms of transactions. Contract volumes increased by 14 percent compared to the first quarter of last year, indicating secular growth in outsourcing and offshoring activity,&quot; said Eric Simonson, managing partner of research at Everest Group.<br/><br/>&quot;Transactions, ACV and captives activity is reflective of the emergence of hybrid sourcing models that extract maximum impact from sourcing,&quot; Simonson added.<br/><br/>Additionally, location activity fell in the first quarter, as 35 new delivery centers were established, down from the 46 locations reported in the previous quarter, with the majority of activity located in Asia. Latin America also noted substantial activity.]]></content:encoded></item>		<item><title>Hosted Unified Communications Emerging as Cost-Effective Solution</title><link>http://www.teletech.com/news/contact-center-technology/hosted-unified-communications-emerging-as-cost-effective-solution-800499163</link><pubDate>2011-05-04T00:00:00</pubDate><content:encoded><![CDATA[ Unified communications systems are no longer simply a platform for voice over internet protocol (VoIP), data and messaging that lets users access each from a single interface. Instead, it is developing into a truly cohesive system that integrates the diverse technologies, according to a recent Gartner report.<br/><br/>This maturation of unified communications systems, which could have a major impact in the call center, could also lead to hosted telephony growth, iTWeb reports.<br/><br/>According to the report, the complexity of cohesive, integrated unified communications platforms makes traditional, on-premise solutions too expensive to manage and maintain.<br/><br/>Because of this expense, the report said many businesses are turning to hosted unified communications platforms that are capable of using cloud computing technology to deliver telephony resources.<br/><br/>Using the cloud for unified communications lets businesses deploy robust telephony services without having to invest in complicated IT infrastructure. Furthermore, it makes it easier to expand the solution to branch offices, according to the report.<br/><br/>Hosted VoIP technology, which is in many ways foundational for hosted unified communications, is expected to continue growing in enterprise settings, according to a recent Channel Partners report.&nbsp;]]></content:encoded></item>		<item><title>Study: Evolution of CRM Leads to Mobile, Social</title><link>http://www.teletech.com/news/customer-management/study-evolution-of-crm-leads-to-mobile-social-800498145</link><pubDate>2011-05-03T00:00:00</pubDate><content:encoded><![CDATA[ A new study by UK-based technology publication Computing found the customer relationship management (CRM) market is becoming increasingly mobile and social.<br/><br/>In a survey of 130 UK business decision-makers, 80 percent of respondents indicated they were either using some sort of CRM software or had plans to in the near future. According to the study, CRM integration has provided numerous benefits, including better customer service and retention as well as improved marketing capabilities.<br/><br/>However, as CRM becomes more commonplace and the technology evolves, businesses are looking to new platforms with which to integrate CRM practices. According to the survey, 48 percent of respondents indicated they believe CRM on mobile devices would benefit their organization. Social tools, such as Facebook and Twitter, have also proven to be significant drivers of CRM&#39;s growth.<br/><br/>&quot;Instead of looking at the world from the inside out, social CRM allows an organization to view it from the outside in. Social CRM is the logical next step for businesses looking to leverage their existing investment in CRM to boost their competitiveness in a challenging marketplace,&quot; the report stated.<br/><br/>As CRM practices evolve, the market is expected to continue growing. According to research firm Gartner, global CRM spending will reach $12 billion by 2013.]]></content:encoded></item>		<item><title>VoIP Challenges Addressed Over Decades</title><link>http://www.teletech.com/news/contact-center-technology/voip-challenges-addressed-over-decades-800498513</link><pubDate>2011-05-03T00:00:00</pubDate><content:encoded><![CDATA[ In the past two decades, voice over internet protocol (VoIP) has seen an number of changes and a growing adoption rate. But, according to a recent TMCnet report, one aspect that hasn&#39;t changed is its ability to help businesses reduce costs.<br/><br/>VoIP adoption has been on the rise since the mid-1990s. Heralded as a solution to help businesses improve their telephony performance while also reducing costs, VoIP has made the transition from a technological phenomenon to a common business solution.<br/><br/>But, despite these benefits, TMCnet contributing editor David Sims asserted that in the past, VoIP was rife with problems, such as packet lag time. However, over the years VoIP service providers have enhanced their offerings and have solved many of the challenges once associated with the technology.<br/><br/>Additionally, Sims noted, companies initially turned to VoIP to take advantage of the cost reduction. This still holds true today. But as the technology has improved, VoIP adoption has proven to be a much more sound investment.<br/><br/>Looking forward, the next stage of VoIP&#39;s evolution is likely to be services deployed in the cloud. According to a recent Telecommunication Industry Associate report, cloud-based VoIP has the potential to help businesses further reduce costs.]]></content:encoded></item>		<item><title>Customer Service Tools Must Work as One</title><link>http://www.teletech.com/news/customer-management/customer-service-tools-must-work-as-one-800497233</link><pubDate>2011-05-02T00:00:00</pubDate><content:encoded><![CDATA[ Despite myriad channels now available for businesses to interact with their customers, one expert recently asserted that there is no medium inherently more important than any other.<br/><br/>Writing for TMCnet, Interactions Corporation marketing analyst Dan Fox suggested there are no separate channels when it comes to customer service. Instead, businesses must consider media, such as telephones, email, text, website and chat, as one multi-modal channel.<br/><br/>While the internet has certainly changed the way businesses and customers interact with one another, the phone is still the best option when needing to speak with a representative directly. At the same time, phones can often lead to long waiting periods on hold. The internet allows customers to avoid this frustration.<br/><br/>&quot;As the customer service industry has discovered in the last few years, there are no separate customer service channels, there is only one - the multi-modal channel,&quot; Fox wrote.<br/><br/>Another customer service channel that has emerged in recent years is social customer relationship management (CRM), which leverages social web tools, such as social networks and blogs. As customers continue to spend more time on the web, many experts say social CRM will become an essential part of customer service.]]></content:encoded></item>		<item><title>Cloud-based VoIP Can Improve Efficiency, Save Money</title><link>http://www.teletech.com/news/contact-center-technology/cloud-based-voip-can-improve-efficiency-save-money-800497218</link><pubDate>2011-05-02T00:00:00</pubDate><content:encoded><![CDATA[ Even as the economy continues to recover, many companies are looking for new solutions to help them reduce the cost of IT services without sacrificing performance. According to a recent Telecommunications Industry Associate (TIA) report, cloud computing may be the answer.<br/><br/>When it comes to contact centers, in particular, businesses are increasingly looking to do more with less. With cloud computing solutions, such as remote control voice over internet protocol (VoIP), many companies have found they improve the functionality of their contact centers without breaking the bank.<br/><br/>While the emergence of VoIP over the last decade has already proven to help many businesses reduce costs, the cloud can expand these savings. Rather than deploying the technology on premise, cloud-based VoIP services are provided through a cloud vendor. This allows businesses to avoid a hefty investment to purchase the equipment and infrastructure components necessary to use VoIP.<br/><br/>Additionally, because cloud service providers generally have more resources to dedicate toward maintaining VoIP solutions than their customers, performance and efficiency is also often bolstered through cloud services.<br/><br/>Both the cloud and VoIP have emerged in recent years as near must-have technologies for enterprises. According to a recent Forrester report, the cloud market will reach $241 billion by 2020.]]></content:encoded></item>		<item><title>Expert: VoIP Has 'Crumbled Contact Center Walls'</title><link>http://www.teletech.com/news/contact-center-technology/expert-voip-has-crumbled-contact-center-walls-800494804</link><pubDate>2011-04-28T00:00:00</pubDate><content:encoded><![CDATA[ In a recent TelcomReseller report, call center expert Tim Kraskey asserted that the transition to voice over internet protocol (VoIP) has revolutionized enterprise customer service practices and broken contact center barriers.<br/><br/>According to Kraskey, businesses first found they could utilize VoIP to reduce the cost of their contact center practices. However, as they continued to grow more comfortable with the technology, companies also found VoIP afforded them efficiency and productivity benefits.<br/><br/>Kraskey stated that VoIP implementation paves the way for new business models as well. Applications, such as video, social media, chat, and mobility, also afford companies new ways to conduct their operations that can further reduce costs and improve productivity.<br/><br/>&quot;When [VoIP] was first introduced over a decade ago, vendors, and industry analysts predicted significant transformation, from the technology to the business benefits in customer service and performance throughout the enterprise,&quot; Kraskey wrote. &quot;Those predictions have proven true as the introduction of VoIP has crumbled contact center walls.&quot;<br/><br/>According to a recent Infonetics Research report, the global VoIP market is expected to reach $74.5 billion by 2015. This growth, the research firm stated, will be driven by demand for session initiative protocol trunking and hosted unified communications.]]></content:encoded></item>		<item><title>Report: Customers Still Want Their Service Handled Over the Phone</title><link>http://www.teletech.com/news/customer-management/report-customers-still-want-their-service-handled-over-the-phone-800494898</link><pubDate>2011-04-27T00:00:00</pubDate><content:encoded><![CDATA[ Despite the proliferation in recent years of new technological methods for customer service, a recent survey from American Express found that the most desirable medium for addressing consumer complaints and questions is still the telephone, according to The Wall Street Journal.<br/><br/>While about half of the consumers surveyed by the credit card company said they liked online chat as an option for customer support, a full 90 percent told the company they preferred the phone, the newspaper reported.<br/><br/>At the other end of the spectrum, just one in five respondents told AmEx that dealing with an automated phone system was something that they were interested in, and the Journal said the finding that 70 percent would spend more money with a company that had good customer service highlighted the importance of catering to those preferences.<br/><br/>Experts say companies without the infrastructure in place to handle a telephone customer service division might want to consider a back office outsourcing project to provide this service, given the apparently overwhelming preference for it among consumers.]]></content:encoded></item>		<item><title>Researchers Find Call Center Workers More Patient than Callers</title><link>http://www.teletech.com/news/customer-management/researchers-find-call-center-workers-more-patient-than-callers-800494947</link><pubDate>2011-04-27T00:00:00</pubDate><content:encoded><![CDATA[ Given that tempers occasionally run high on calls made to even the best tech support centers, it should come as little surprise to those in the industry that workers in such places tend to be quite patient, according to a University of Maryland study reported on by the Huffington Post.<br/><br/>The researchers found that call center workers are unlikely to retaliate against rude or even abusive customers, the Post reports, based on their survey of 131 employees in China.<br/><br/>&quot;Although they fielded about 75 calls a day, the workers retaliated against callers on average only about four times each over the course of 10 days. [Lead author Mo] Wang notes that because the presence of supervisors prevents workers from swearing or yelling at callers, the forms of sabotage were usually subtle and passive-aggressive,&quot; the news website said.<br/><br/>When considering options for the administrative outsourcing of hosted call center services, the temperament and professionalism of the prospective workers should be a primary concern, according to experts in the field. The study&#39;s results show that this is well within the realm of possibility, however.]]></content:encoded></item>		<item><title>Report: BPO market looks promising as world economy rebounds</title><link>http://www.teletech.com/news/customer-management/report-bpo-market-looks-promising-as-world-economy-rebounds-800492547</link><pubDate>2011-04-26T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>New research indicates that global business process outsourcing
(BPO) services are poised for a new phase of growth as businesses
worldwide recover from the recession and focus on new strategies to
generate revenue.<br />
<br />
HfS Research believes that the BPO industry fits the bill for what
many organizations are looking for to cut spending, and other
researchers agree.<br />
<br />
According to NetworkWorld, during the global banking crisis of 2008
many companies were forced to reallocate their funds previously set
aside for business innovation in order to balance budgets, but now
that companies are generating revenue again, they are looking to
invest in BPO services.<br />
<br />
In its new report, HfS Research states that the market for BPO
services is "largely untapped" as 2011 progresses, with fewer than
800 live engagements worldwide - a number HfS expects to double or
triple in the coming years.<br />
<br />
With close to 50 percent of recent engagements involving gainshare
- or outcome-based incentives - HfS predicts that the aggressive
competitive climate will provide attractive opportunities for many
enterprises evaluating their first steps into finance and
accounting BPO services, in addition to experienced buyers seeking
more value from their current models.<br />
<br />
According to HfS, more than half of today's buyers are also
enhancing or replacing their existing finance IT systems with BPO
engagement.</p>
]]></content:encoded></item>		<item><title>Social Media Rising in Marketing, CRM Strategies</title><link>http://www.teletech.com/news/customer-management/social-media-rising-in-marketing-crm-strategies-800491539</link><pubDate>2011-04-25T00:00:00</pubDate><content:encoded><![CDATA[ Social media is quickly becoming a common practice for many companies, as they realize it can be an effective tool for enhancing marketing and customer relationship management (CRM) practices.<br/><br/>In a recent survey of 3,300 marketers conducted by Social Media Examiner, the large majority of respondents - 90 percent - indicated that social media has become an important part of their business. As consumers spend more of their time perusing social media networks, companies have found they can also use the technology to connect with established and potential customers.<br/><br/>According to the report, 58 percent of marketers spend at least six hours using social media each week, while 34 percent say they use it for 11 or more hours.<br/><br/>Facebook, Twitter, LinkedIn, and blogs are the most popular forms of social media, the study found. But even YouTube is quickly becoming a popular social media option.<br/><br/>Based on Social Media Examiner&#39;s findings, it is apparent that many companies view social media as the future of CRM and marketing. Management consulting firm Peppers and Rogers Group recently asserted that social CRM is an effective way for companies to control their brand.]]></content:encoded></item>		<item><title>Research Suggests Outsourcing Customer Management to the Cloud is Beneficial</title><link>http://www.teletech.com/news/contact-center-technology/research-suggests-outsourcing-customer-management-to-the-cloud-is-beneficial-800491676</link><pubDate>2011-04-25T00:00:00</pubDate><content:encoded><![CDATA[ A new report indicates that the contact center industry is undergoing significant technological, economic and social changes resulting in a move toward cloud computing.<br/><br/>Research gathered by Frost and Sullivan suggests that an infrastructure shift to the cloud is no longer just an industry trend - it is now the standard.<br/><br/>According to the report, Frost and Sullivan recently surveyed more than 300 contact center decision makers based primarily in North America, specifically those who manage, support or influence contact center operations for their companies.<br/><br/>Results of the study found that contact center decision makers point to three main challenges facing their organizations. Placing first was cost reduction, followed by customer satisfaction and quality assurance.<br/><br/>Furthermore - in response to a question about what factors would most heavily impact a decision to move toward hosted contact centers - the same decision makers indicated that a pay-as-you-go system free from large capital investments was crucial.<br/><br/>Frost and Sullivan concluded that &quot;hosted contact center technology is shifting quickly toward<br /> mainstream market acceptance,&quot; adding that larger enterprises are moving forward to take advantage of hosted benefits, which include low up-front investment, minimal IT resource requirements, and pay-as-you-go pricing.<br/><br/>&quot;Whether your goal is to deploy new technologies, generate more revenue, or increase self-service to reduce cost, the cloud can help,&quot; adds SYS-CON Media.&nbsp;]]></content:encoded></item>		<item><title>Customer Self-Service is a Major Contributor to Customer Satisfaction, Research Indicates</title><link>http://www.teletech.com/news/customer-management/customer-self-service-is-a-major-contributor-to-customer-satisfaction-research-indicates-800490955</link><pubDate>2011-04-22T00:00:00</pubDate><content:encoded><![CDATA[ Recent research suggests that poor quality of service at hosted call centers is a top reason why customers decide to switch to competitors, TMCnet reports.<br/><br/>According to 2010 research on customer self-service, contact center and hosted call center professionals throughout the world rated their self-service channels as mediocre at best.<br/><br/>Considering the investment many of these companies have put into their self-service plans, and the fact that self-service is a critical interface between the customer and the organization, this finding is alarming to many experts, the news source says.<br/><br/>One finding in the report on self-service and multichannel contact centers found that hosted call centers are implementing self-service channels to reduce operating costs and meet customer demands. The challenge is that so many of these organizations do not have a good grasp on the type of experience customers are having within these channels.<br/><br/>The report concludes that &quot;it is important to monitor all customer interactions to be sure the company is driving the optimal level of satisfaction to protect its base and ensure that revenue and profit projections can be sustained, otherwise customers will jump to the competitor.&quot;]]></content:encoded></item>		<item><title>VoIP Growth in Europe Boosted by Broadband Expansion</title><link>http://www.teletech.com/news/contact-center-technology/voip-growth-in-europe-boosted-by-broadband-expansion-800490366</link><pubDate>2011-04-22T00:00:00</pubDate><content:encoded><![CDATA[ As the telecom infrastructure continues to grow in Central and Eastern Europe, broadband and voice over internet protocol (VoIP) adoption is expected to increase, according to a new BMI report.<br/><br/>The research firm predicted that fixed broadband subscriptions in the region will nearly double between 2010 and 2015. This, the report stated, will open the doors to increased VoIP adoption, as well as other IP-based services.<br/><br/>According to BMI, many Central and Eastern European businesses and consumers are turning to VoIP to take advantage of cost benefits, particularly for international calls.<br/><br/>While fixed broadband networks are currently driving VoIP, BMI predicted that mobile platforms will start playing a growing role in the technology. At the same time, the European Regulators Group is seeking to regulate VoIP services in an effort to stimulate innovation and competition in the region, BMI noted.<br/><br/>Globally, the VoIP market is expected to see sizable growth in coming years. According to a recent Infonetics Research report, the market will reach $74.5 billion by 2015.&nbsp;]]></content:encoded></item>		<item><title>CRM with Social Integration Effective for Customer Service</title><link>http://www.teletech.com/news/customer-management/crm-with-social-integration-effective-for-customer-service-800489380</link><pubDate>2011-04-21T00:00:00</pubDate><content:encoded><![CDATA[ With social media becoming a larger part of consumers&#39; lives, now is an ideal time for companies to invest in customer relationship management (CRM) that can be implemented with social networks, according to a recent Small Business Computing report.<br/><br/>While the report focuses on the applications of social CRM for small businesses, the benefits extend to companies of all sizes. For large companies, in particular, social CRM can be integrated into a wider marketing scheme to help shape the company&#39;s brand and promote dialogue about certain products and services.<br/><br/>One solutions recommended by Small Business Computing is cloud-based CRM. Through the cloud, many companies have discovered they can make their CRM practices more efficient while also reducing the cost of their solutions.<br/><br/>One expert noted that cloud-based CRM is an effective tool for connecting all social CRM channels, including Facebook and Twitter, as well as instant messages, text messages and email. With many cloud-based CRM solutions, businesses can streamline practices by incorporating all channels on one platform.<br/><br/>As more software vendors introduced cloud-based CRM solutions, the CRM market is expected to accelerate in coming years. According to Gartner, the social CRM market alone will be worth $1 billion by 2013.]]></content:encoded></item>		<item><title>New leader emerges in booming BPO market</title><link>http://www.teletech.com/news/customer-management/new-leader-emerges-in-booming-bpo-market-800490036</link><pubDate>2011-04-21T00:00:00</pubDate><content:encoded><![CDATA[ India has held the top spot in the international business process outsourcing (BPO) market for years, but according to industry analysts, the Philippines is poised to take the lead.<br/><br/>Persuaded by inexpensive labor, generous tax breaks, and an abundance of college-educated English speakers, global outsourcing firms have flocked to the Philippines to tap into the growing international outsourcing market, according to the Christian Science Monitor<br/><br/>Additionally, due to similarities between the U.S. and Filipino governments and legal systems, providers and industry professionals face minimal transition issues, which, according to TMCnet, will allow customer management firms to flourish in the Philippines.<br/><br/>Some of the largest corporations in the world, including IBM, Shell, HSBC, Proctor &amp; Gamble, and the Hershey Company, all have Filipino citizens taking and making calls on their behalf.<br/><br/>The industry is booming to a point where the Southeast Asian nation last year stole India&#39;s perch as the world&#39;s leading location for call centers, the paper reports. Around 600,000 Filipinos are employed in outsourcing, and the government forecasts the sector to generate $12 billion to $13 billion in 2012, rising to $100 billion by 2020.<br/><br/>In recognition of such success in the BPO industry, Filipino president Benigno Aquino has pledged 62 million pesos - $1.4 million U.S. - to drum up new information- and technology-outsourcing business for the nation.&nbsp;]]></content:encoded></item>		<item><title>Study: India's BPO sector slipping</title><link>http://www.teletech.com/news/customer-management/study-india-s-bpo-sector-slipping-800489568</link><pubDate>2011-04-21T00:00:00</pubDate><content:encoded><![CDATA[ A study by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) indicates that the nation&#39;s once-dominant business process outsourcing (BPO) industry faces stiff challenges from competing nations to remain at the top of the international ranks.<br/><br/>In contrast to the popular impression that India&#39;s BPO sector is the most competitive in the global arena, fast-emerging BPO players in countries like China, Mexico and the Philippines are posing a grave threat to the growth of country&#39;s BPO sector, the study conducted by ASSOCHAM has cautioned.<br/><br/>According to the report, the BPO industry is facing serious challenges due to a shortage of skilled and educated workers as the attrition rate in India&rsquo;s BPO sector has risen phenomenally - at the rate of 55 percent.<br/><br/>The rising trend of attrition is due to factors including little-to-no growth opportunity and lack of promotion potential. Most people leave for higher salary and higher education, and because the workload is time-consuming, ASSOCHAM HR experts explained in a statement.<br/><br/>Additionally, the study warns that &quot;the growing trend of job-switching in the BPO industry might prove to be fatal for the survival and growth of India&rsquo;s BPO sector &hellip; this might hamper India&rsquo;s rapid ascension on the world economic stage in the long run.&quot;]]></content:encoded></item>		<item><title>At-Home Agent Programs Move Toward the Mainstream</title><link>http://www.teletech.com/news/customer-management/at-home-agent-programs-move-toward-the-mainstream-800488563</link><pubDate>2011-04-20T00:00:00</pubDate><content:encoded><![CDATA[ As the business process outsourcing (BPO) industry continues to grow and change, reports indicate that at-home agent programs are gaining influence.<br/><br/>A recent article by TMCnet&#39;s Brendan B. Read explored this trend, saying that such programs are increasingly popular &quot;with global traditional employer-premise-based BPO firms, with double-digit growth in some cases.&quot;<br/><br/>One company described in the article identified business continuity, cost-savings, and an international presence as driving factors behind growth. Also mentioned was TeleTech, which increased its @Home operations by 50 percent last year.<br/><br/>TeleTech&#39;s senior vice president of operations, P.J. Weyforth, told the news source that the marketplace &quot;is beginning to understand the value of the virtual workforce service model&quot; and that his company was responding to this demand.<br/><br/>Weyforth also mentioned the importance of training when it comes to at-home agent programs, saying that the learning and collaboration process was constantly being improved.<br/><br/>Other industry reports have praised the benefits of a home-based agent strategy as well. Last month, TMCnet web editor Chris DiMarco noted that these benefits included assimilation of skilled workers and reduced attrition.]]></content:encoded></item>		<item><title>Cloud-based CRM Requires Training</title><link>http://www.teletech.com/news/contact-center-technology/cloud-based-crm-requires-training-800488198</link><pubDate>2011-04-20T00:00:00</pubDate><content:encoded><![CDATA[ As companies continue to transition from traditional customer relationship management (CRM) deployments to cloud computing solutions, they may be well served to provide employees using the technology with additional training.<br/><br/>According to a recent CRM Buyer report, cloud-based CRM can help businesses reduce the cost of the CRM solutions while also improving their reliability and efficiency. However, the report noted, many businesses make the mistake of assuming CRM Software-as-a-Service (SaaS) can be deployed without training.<br/><br/>As the report stated, &quot;the basics are still the basics,&quot; which means, as with any new technology, employees need to be trained to use cloud-based CRM to ensure companies are getting the most out of their solutions.<br/><br/>Not only will training help inform employees on how to use cloud-based CRM, it will also help ensure companies maximize their investment, the report noted.<br/><br/>As new technology and solutions continue to be introduced, the global CRM market is expected to grow in the coming years. According to Gartner, the CRM market will reach $12 billion by 2013.]]></content:encoded></item>		<item><title>BPO Academy to Train Managers and Supervisors in Sri Lanka</title><link>http://www.teletech.com/news/customer-management/bpo-academy-to-train-managers-and-supervisors-in-sri-lanka-800487589</link><pubDate>2011-04-19T00:00:00</pubDate><content:encoded><![CDATA[ An organization in Sri Lanka committed to training members of the business process outsourcing (BPO) industry is preparing to certify a new group of supervisors and managers.<br/><br/>Lanka BPO Academy will offer the class to individuals regardless of their specialization, with training for BPO companies, customer services organizations, and call centers included.<br/><br/>The academy&#39;s CEO, Yasas Vishuddhi Abeywickrama, said the program would begin in May. He added that it would be a good opportunity for professionals in the BPO industry who haven&#39;t had this type of training available before.<br/><br/>Sri Lanka as a whole could gain from the spread of BPO services in the region. The academy highlighted the economic advantages of the industry, pointing out that the country was &quot;ranked among the Top 30 emerging destinations for outsourcing&quot; last year.<br/><br/>In addition to the spread of BPO, recent positive economic signs highlight the potential for success in the area. According to the Central Bank of Sri Lanka, the nation&#39;s economy grew 8 percent in 2010. &nbsp;]]></content:encoded></item>		<item><title>New Markets on the Horizon for BPO Industry in the Philippines</title><link>http://www.teletech.com/news/customer-management/new-markets-on-the-horizon-for-bpo-industry-in-the-philippines-800487877</link><pubDate>2011-04-19T00:00:00</pubDate><content:encoded><![CDATA[ The business process outsourcing (BPO) industry in the Philippines is looking to expand and take on customers from new international markets. This could mean looking to different parts of the United States or beyond.<br/><br/>According to the Philippine Daily Inquirer, the BPO sector in the country no longer wants to depend on the United States exclusively. As a result, efforts are being made to gain clients in the U.K. and Asia-Pacific regions as well.<br/><br/>Gillian Joyce Virata, executive director for information and research at the Business Processing Association of the Philippines, told the news source that the growing demand from the Asia-Pacific region was leading to an emphasis on language skills.<br/><br/>&quot;The biggest demand is for Mandarin, Japanese, Thai, Bahasa, and Korean,&quot; Virata told the paper, adding that Mandarin speakers were fairly common among the country&#39;s population. She also predicted that Korean students in the area could help fill out jobs that required Korean language skills.<br/><br/>Overall, the BPO industry in the Philippines grew more than 25 percent last year, according to figures from the BPAP. The association also found that the sector had generated revenue worth $8.9 billion in 2010.]]></content:encoded></item>		<item><title>Expert: SIP Trunking More Reliable than Traditional Options</title><link>http://www.teletech.com/news/contact-center-technology/expert-sip-trunking-more-reliable-than-traditional-options-800487329</link><pubDate>2011-04-19T00:00:00</pubDate><content:encoded><![CDATA[ In a recent interview with Network World, SIP Forum vice president Marc Robins asserted that session initiation protocol (SIP) trunking is becoming an increasingly popular option for businesses.<br/><br/>In the early days of SIP trunking, Robins noted, there were concerns regarding the technology&#39;s quality of service, which obstructed its widespread adoption. However, 2010 represented a &quot;breakout year&quot; for the technology, as service providers demonstrated improved reliability and customers became more comfortable relying on the solution.<br/><br/>Additionally, Robins said, the infrastructure is currently available to support widespread SIP trunking adoption. Service providers are now able to offer solutions that require high bandwidth and are capable of supporting enterprise needs.<br/><br/>&quot;The bandwidth is there and the pipes that service providers are giving to enterprise customers is extremely good,&quot; Robins told the news provider. &quot;Packet loss and other issues surrounding [quality of service] have been resolved very well and today you can say that SIP is as or more reliable than the public switched telephone network.&quot;<br/><br/>According to a recent Infonetics report, the voice over internet protocol market reached $74.5 billion last year, driven largely by the breakout of SIP trunking and hosted unified communications adoption.]]></content:encoded></item>		<item><title>Chemistry Vital to Social CRM Success</title><link>http://www.teletech.com/news/customer-management/chemistry-vital-to-social-crm-success-800486250</link><pubDate>2011-04-18T00:00:00</pubDate><content:encoded><![CDATA[ As more companies turn to social customer relationship management (CRM) to enhance their customer service capabilities, it is important they have the right mix of people to ensure the practice&#39;s success, according to a new ISM report.<br/><br/>Just as the right mix of people, processes, and technology is important to traditional CRM practices, the firm stated it is essential to social CRM. The report stated that the most &quot;viable&quot; combination for successful social CRM is 50 percent people, 30 percent process, and 20 percent technology.<br/><br/>In addition to chemistry, social CRM strategies should be focus on customer feedback. Through social media channels, such as Facebook and Twitter, businesses now have an opportunity to engage in meaningful dialogue with their customers, and the data gathered through these networks can provide companies with information about customer purchasing habits and satisfaction.<br/><br/>With the rise of social CRM, it is no longer enough for businesses to rely only on call centers to interact with customers. According to a recent TechTarget report, contact centers should now include personnel with expertise in phone, email, and social media.]]></content:encoded></item>		<item><title>Significant BPO Growth Expected in Financial Services Sector</title><link>http://www.teletech.com/news/customer-management/significant-bpo-growth-expected-in-financial-services-sector-800486544</link><pubDate>2011-04-18T00:00:00</pubDate><content:encoded><![CDATA[ New research indicates that the global sourcing of business process outsourcing (BPO) in the financial services sector could reach as high as $250 billion in the near future. This growth would be approximately 15 times the current size of the market.<br/><br/>The study, titled Role of Global Sourcing in Financial Services BPO, was conducted by the research and consulting firm Everest Group. In all, the group examined the capabilities of 15 service providers for each of three business segments - banking, capital markets, and insurance.<br/><br/>Of these segments, capital markets saw the fastest growth because of new high-end judgmental work and analytics technology. Meanwhile, insurance BPO has been boosted by the increased need for analytics, and the spread of BPO in the banking sector has been led by firms in the United States.<br/><br/>Everest Group&#39;s vice president of research, Saurabh Gupta, said that BPO across these industries is &quot;generating much interest,&quot; and called the medium- to long-term growth outlook &quot;significant and robust.&quot;<br/><br/>This growth may already be underway in markets such as the Philippines. Speaking to the publication Malaya, Business Process Association of the Philippines executive director for external affairs Martin Antonio Crisostomo recently noted that the country already works with financial institutions JP Morgan and Deutsche Bank, among others.]]></content:encoded></item>		<item><title>Expert: BPO May Soon Flourish in Oman</title><link>http://www.teletech.com/news/customer-management/expert-bpo-may-soon-flourish-in-oman-800486545</link><pubDate>2011-04-18T00:00:00</pubDate><content:encoded><![CDATA[ The country of Oman could be poised to become one of the next major centers for business process outsourcing (BPO).<br/><br/>Joseph Tawfik, chief executive of Silah Gulf, told the Times of Oman that burgeoning BPO in the area could drive down unemployment and provide jobs for the country&#39;s younger workers.<br/><br/>&quot;We see a fantastic opportunity here [for developing the BPO industry],&quot; he told the paper. &quot;I think if the government provides the right infrastructure, incentives, support, and training ground to teach young Omanis [how to work] in call centers, it could help create an industry that could employ a lot of people.&quot;<br/><br/>Tawfik said that the area provided a strong base for BPO because of the government&#39;s goals to diversify the economy and reduce dependence on revenues from oil. In addition, the paper notes that industries such as contact center services may help alleviate the &quot;industrial unrest&quot; of younger citizens who are unemployed.<br/><br/>This unrest over the lack of employment was a focus of the recent protests that took place in the country. The Financial Times reports that in the wake of these demonstrations, the country is addressing its problematic economic infrastructure.&nbsp;]]></content:encoded></item>		<item><title>Data Management Key to CRM</title><link>http://www.teletech.com/news/customer-management/data-management-key-to-crm-800485303</link><pubDate>2011-04-15T00:00:00</pubDate><content:encoded><![CDATA[ Regardless of the industry, data management can have a significant impact on the way a business interacts with its customers, a recent Information Management report stated.<br/><br/>According to the report, the ability to gather and analyze customer data is a key part to understanding customers. Businesses that employ effective data management with their customer relationship management (CRM) practices are generally afforded a better knowledge of their customers&#39; buying habits and preferences.<br/><br/>One of the essential elements to CRM is ensuring a company has data that is not only accurate but timely, the report stated. Businesses that rely on outdated information are often unable to anticipate customer purchasing habits or they are unable to provide customers with relevant information to encourage them to buy certain products or services. This can affect not only a company&#39;s bottom line, but also its ability to retain customers.<br/><br/>&quot;The key to building and maintaining a profitable customer relationship often comes down to how much you know about your customers - and to what degree that knowledge can inform more productive customer interactions,&quot; the report stated.<br/><br/>CRM practices have changed drastically in recent years, particularly with the rise of social media. According to a recent Gartner report, social CRM will soon become an essential part of businesses&#39; marketing and customer service strategies.]]></content:encoded></item>		<item><title>Phone Skills No Longer Enough for Contact Centers</title><link>http://www.teletech.com/news/customer-management/phone-skills-no-longer-enough-for-contact-centers-800485311</link><pubDate>2011-04-15T00:00:00</pubDate><content:encoded><![CDATA[ As more communication channels are introduced, it is no longer enough for a contact center agent to have skills limited to the telephone, according to a recent TechTarget report.<br/><br/>In recent decades, businesses have been afforded a slew of new outlets through which they can communicate with their customers. For example, the 1990s saw the rise of email as a means of communication. And, for the most part, this has become an integral part of customer relationship management practices.<br/><br/>But more recently, even more channels have been added, including text and web chat and social media. In an increasingly connected society, knowledge of these tools is quickly becoming essential to contact centers. Because different customers have different preferences, it is important that contact centers have agents skilled in each of these areas to address customer needs.<br/><br/>The report noted that no agent needs to be an expert in all communication channels, but is beneficial to have assigned staff that is capable of addressing each area.<br/><br/>As businesses adapt to new contact center technology, the market is expected to grow in the coming years. According to a recent Gartner report, contact center spending with see a compound annual growth rate of 2.8 between 2005 and 2014.]]></content:encoded></item>		<item><title>Report: Mobile Essential to CRM</title><link>http://www.teletech.com/news/customer-management/report-mobile-essential-to-crm-800484122</link><pubDate>2011-04-14T00:00:00</pubDate><content:encoded><![CDATA[ As the world becomes increasingly mobile, businesses need to begin considering adjusting their customer relationship management (CRM) strategies to cater to smartphones, tablets, and other mobile devices, according to a recent eCRM Guide report.<br/><br/>The report noted that there are several elements companies tend to overlook in their CRM strategies - one of the most prevalent oversights being mobility.<br/><br/>With mobile devices playing such a larger role in people&#39;s day-to-day lives, they are now connected at nearly all times. Beyond call centers, customers can now access a company&#39;s website from virtually anywhere and also engage in discussions about a company through various social media website, such as Twitter and Facebook.<br/><br/>Therefore, companies that fail to consider mobility into their CRM strategies may get left behind. According to the report, mobile capabilities must become a key element of CRM.<br/><br/>&quot;Ensure that your CRM system&#39;s mobile capabilities are tethered to the core CRM platform - and not another system that needs to be bought, configured, implemented, and maintained alongside the core CRM system,&quot; CRM expert Martin Schneider told the news provider.<br/><br/>The need for mobile CRM strategies is evident given the sharp increase of mobile devices in recent years. According to a recent comScore report, 63.2 million Americans are using smartphones as of December 2010.]]></content:encoded></item>		<item><title>Social CRM Extends Beyond Social Media</title><link>http://www.teletech.com/news/customer-management/social-crm-extends-beyond-social-media-800484124</link><pubDate>2011-04-14T00:00:00</pubDate><content:encoded><![CDATA[ Even as more companies are utilizing Facebook and Twitter to enhance their customer relationship management (CRM) practices, one social business expert recently asserted that social CRM must go beyond basic social media practices.<br/><br/>Writing for 1to1Media.com, Pedowitz Group director of social business Adam Metz said many businesses haven&#39;t yet figured out how to cater to what he refers to as the &quot;social demand generation.&quot;<br/><br/>Many social CRM strategies, he said, are limited to status updates about new products or services. While this may result in a lot of &quot;likes&quot; from potential customers, it will likely do little to help a company&#39;s bottom line, he said.<br/><br/>According to Metz, companies can optimize their social CRM strategies by providing timely feedback relevant to a customer&#39;s needs. Also, a company must &quot;nurture&quot; a potential customer carefully until he or she makes a purchasing decision.<br/><br/>Companies that utilize social CRM effectively are often afforded a competitive advantage over those that don&#39;t. According to a recent Peppers and Rogers Group report, social CRM is most effective when it ensures a &quot;positive customer experience.&quot;]]></content:encoded></item>		<item><title>Report: Social CRM Offers a Competitive Advantage</title><link>http://www.teletech.com/news/customer-management/report-social-crm-offers-a-competitive-advantage-800483213</link><pubDate>2011-04-13T00:00:00</pubDate><content:encoded><![CDATA[ With social media playing an increased role in the lives of consumers, it is important that businesses utilize the technology to direct the flow of conversation around their brand and ensure a positive customer experience, according to a new report.<br/><br/>Management consulting firm Peppers and Rogers Group recently noted that social media websites, such as Facebook and Twitter, play a significant role in many businesses&#39; customer relationship management (CRM) strategies. However, relatively few businesses have invested the means necessary to ensure the technology is used effectively.<br/><br/>According to the report, companies that are &quot;truly customer-centric&quot; will find ways to provide a positive customer experience at all points of communication, including call centers, face-to-face meetings, and social media channels. Therefore, companies utilizing social CRM have an edge over their competition, because they can communicate with their customer bases in a way that is becoming increasingly prevalent.<br/><br/>&quot;Customers are a company&#39;s most important asset. In an increasingly competitive and commoditized environment, designing an effective customer experience for your customers is key to generating long-term customer equity and driving competitive advantage,&quot; the report stated.<br/><br/>As more businesses recognize the advantages of social CRM, the market is expected to increase. According to research firm Gartner, the social CRM market will reach $1 billion by 2013.]]></content:encoded></item>		<item><title>Enterprise Communications, Telephony Grew in 2010</title><link>http://www.teletech.com/news/contact-center-technology/enterprise-communications-telephony-grew-in-2010-800483221</link><pubDate>2011-04-13T00:00:00</pubDate><content:encoded><![CDATA[ While some areas of technology continued to feel the effects of the economic recession in 2010, a new report by Synergy Research Group found the enterprise communications market posted sizable growth last year.<br/><br/>According to the report, several segments of the enterprise communications market saw strong growth last year, including internet protocol (IP) telephony, web conferencing, and IP private branch exchange. However, videoconferencing and telepresence saw the most significant growth, increasing 35 percent from the previous year.<br/><br/>Jeremy Duke, Synergy Research Group founder and principal, said one of the strongest drivers behind the growth was businesses&#39; desire to reduce costs. Through technology, such as videoconferencing, businesses can reduce the cost of travel significantly by connecting with employees and other companies in their own conference rooms.<br/><br/>&quot;In 2010, we saw accelerated spending on IP yelephony, web/audio conferencing, videoconferencing, and a variety of collaboration tools, especially in those organizations with 100 [to] 500 users,&quot; Duke said. &quot;And to no surprise, the strongest growth was measured for those solutions that provided a fast return on cost reductions and productivity gains.&quot;<br/><br/>Synergy&#39;s findings are supported by those from a recent report by a unified communications (UC) technology provider, which found the adoption of UC technology doubled in 2010.]]></content:encoded></item>		<item><title>Australian CRM Market Poised for Expansion</title><link>http://www.teletech.com/news/customer-management/australian-crm-market-poised-for-expansion-800482416</link><pubDate>2011-04-12T00:00:00</pubDate><content:encoded><![CDATA[ As Australia&#39;s IT market continues to grow, spending on customer relationship management (CRM) systems among retailers is expected to increase as well, according to a recent Business Monitor International report.<br/><br/>The report stated that the Australian IT market is expected to experience a compound annual growth rate of 6 percent between 2011 and 2015, increasing from $20.2 billion to $25.5 billion.<br/><br/>As a result of the growth, more Australian firms predict to spend more on technology, such as cloud computing, mobile devices and CRM, in the coming years. According to BMI, CRM will be particularly popular in the retail sector, where competition has increased the need to reach customers in a more effective and meaningful way.<br/><br/>According to many experts, CRM, particularly social CRM, is quickly becoming a main focus for many companies&#39; customer service strategies. As consumers are increasingly buying and communicating online, it is important for businesses to have an online presence through which they can control and monitor conversation about their products and services.<br/><br/>Globally, both CRM and social CRM are expected to experience rapid growth in the near future. According to a recent Gartner report, the CRM market will reach $12 billion by 2013, with social CRM accounting for $1 billion of that amount.]]></content:encoded></item>		<item><title>Workforce Management Beneficial to Call Centers</title><link>http://www.teletech.com/news/contact-center-technology/workforce-management-beneficial-to-call-centers-800482424</link><pubDate>2011-04-12T00:00:00</pubDate><content:encoded><![CDATA[ Businesses can improve their effectiveness and functionality of their call centers and, by extension, their customer service practices as a whole by deploying workforce management solutions, according to a recent TMCnet report.<br/><br/>With the influx of new technology penetrating the market, many call center managers may easily forget that the most important asset of successful communications is the staff, the report noted. For this reason, it is equally important that a manager be able to manage his or her workforce.<br/><br/>According to the report, workforce management software can help a company determine when it might have higher call volumes, thus, helping the manager know when to have more call center agents on hand to handle the increased traffic.<br/><br/>Additionally, the technology can help companies handle scheduling by determining an individual agent&#39;s strengths and allowing the manager to plan accordingly. For example, if one agent is more effective at gathering customer information, it would be more beneficial to schedule that agent during high traffic hours, than, say, someone who is a better multi-tasker.<br/><br/>Call centers are often the first line of communication between a company and its customers. Therefore, it is important that the center be able to run efficiently and effectively. According to a recent TMCnet report, businesses can improve their call centers by showing an interest in customer satisfaction.]]></content:encoded></item>		<item><title>Report: Mid-sized Businesses Struggling with Social CRM</title><link>http://www.teletech.com/news/customer-management/report-mid-sized-businesses-struggling-with-social-crm-800481004</link><pubDate>2011-04-11T00:00:00</pubDate><content:encoded><![CDATA[ While many experts have stated that social customer relationship management (CRM) is the future of customer service, a recent CRMBuyer report asserted many mid-sized companies are struggling to adapt to the new practice.<br/><br/>Social CRM has become something of a customer service phenomenon in recent years. Different than traditional CRM practices, social CRM enables businesses to connect to their customers more directly, thus enhancing the dialogue between company and client.<br/><br/>However, according to CRMBuyer, many medium-sized companies do not have the personnel to utilize social CRM effectively. In larger companies, there is often an entire marketing department that is prepared to handle social CRM. Mid-sized businesses, though, often lack these types of resources.<br/><br/>There are steps that mid-sized businesses can take to enhance their social CRM practices, however. According to the report, the areas mid-sized companies should focus on are information gathering and customer interaction. By focusing on these practices, a mid-sized business should be able to use social CRM to set itself apart from other companies and generate meaningful and effective content.<br/><br/>Social CRM is becoming increasingly widespread among businesses of all sizes. According to research firm Gartner, social CRM will be a $1 billion market by 2013.]]></content:encoded></item>		<item><title>Knowledge Eases Transition to VoIP</title><link>http://www.teletech.com/news/contact-center-technology/knowledge-eases-transition-to-voip-800481007</link><pubDate>2011-04-11T00:00:00</pubDate><content:encoded><![CDATA[ While adoption of voice over internet protocol (VoIP) services has surged in the last decade, there are still some companies that have yet to get on board. According to a recent TMCnet report, there are several factors stunting the growth of VoIP.<br/><br/>Many companies have found they can utilize VoIP services to reduce the overall costs of telephony systems while simultaneously improving their functionality. However, some companies have failed to recognize this due to a lack of knowledge of the technology.<br/><br/>According to TMCnet, the &quot;knowledge gap&quot; is attributable to businesses failing to educate themselves about the latest telephony technology. However, it can be easily remedied by learning just a basic understanding of VoIP and how it can enhance a company&#39;s current systems.<br/><br/>Just as important is recognizing what equipment is needed to make the transition to VoIP. According to the report, many companies decide to make the leap to VoIP alone, leading to missteps, and, ultimately, under-performing services. To avoid this, experts recommend consulting hosted VoIP service providers to ensure their solutions meet a company&#39;s specific needs.<br/><br/>VoIP has grown rapidly in recent years, and is expected to continue to do so for the foreseeable future. According to a recent Infonetics Research report, the VoIP market will reach $74.5 billion by 2015.&nbsp;]]></content:encoded></item>		<item><title>Expert: Mobile Devices Enhancing Brand, CRM Strategies</title><link>http://www.teletech.com/news/customer-management/expert-mobile-devices-enhancing-brand-crm-strategies-800480117</link><pubDate>2011-04-08T00:00:00</pubDate><content:encoded><![CDATA[ As more advanced mobile devices, such as smartphones and tablet PCs, continue to penetrate the market, more businesses are realizing these devices can be used to bolster their customer relationship management (CRM) practices.<br/><br/>However, in a recent 1to1media.com report, Forrester Research vice president and principal analyst Kerry Bodine noted that few businesses are utilizing mobile devices to enhance their brands. To date, many businesses have turned to mobile to increase their advertising presence, Bodine stated, but they may be missing an opportunity to go beyond this.<br/><br/>With smartphones and tablets, consumers are now more connected than ever. So, it makes sense that businesses would be too. Through mobile devices, businesses can ensure their customers always have a way to connect to them - a key aspect to any CRM strategy.<br/><br/>&quot;It&#39;s no longer enough to tell consumers why they should buy your products or services,&quot; Bodine wrote. &quot;Instead, brands need to deliver real value to people through experiences that span a growing ecosystem of interaction points.&quot;<br/><br/>Bodine wrote that it is understandable that businesses may be hesitant to get on board with new technology, given the hit-or-miss track record. However, according to Forrester&#39;s estimates, 17 percent of Americans currently own smartphones, and the number is rapidly increasing.]]></content:encoded></item>		<item><title>VoIP Right for Mobile Employees</title><link>http://www.teletech.com/news/contact-center-technology/voip-right-for-mobile-employees-800480122</link><pubDate>2011-04-08T00:00:00</pubDate><content:encoded><![CDATA[ While many companies are turning to voice over internet protocol (VoIP) calling solutions to take advantage of lower operation costs, a recent PCWorld report asserted that the technology may also enhance mobile capabilities.<br/><br/>The mobile workforce has surged in recent years - a trend partially owed to increasing gas prices, but also to the advent of new technology, such as cloud computing and mobile devices. According to new figures by Incite Research, approximately 62 percent of companies in the United States now allow teleworking options to their employees.<br/><br/>But as the mobile workforce grows, so do the number of mobile services to which a business needs to subscribe. This is where VoIP can be beneficial. Mobile VoIP can enable employees to connect over a single service, ensure connectivity, and, as PCWorld noted, reduce cell phone bills.<br/><br/>&quot;VoIP can be ideal if your company handles many calls among multiple people, has mobile employees, or juggles satellite offices,&quot; the report stated. &quot;Implementing the technology can help to shrink or eliminate the cost of long-distance and conference calls.&quot;<br/><br/>As businesses recognize the benefits of VoIP, many are replacing their legacy telephony services. In a recent Wireless Week report, Analysys Mason analyst Stephen Sale said mobile VoIP will represent 40 percent of the over-the-top VoIP market by the end of 2015.]]></content:encoded></item>		<item><title>Saving, Scalability Driving On-Demand Contact Center Adoption</title><link>http://www.teletech.com/news/contact-center-technology/saving-scalability-driving-on-demand-contact-center-adoption-800479113</link><pubDate>2011-04-07T00:00:00</pubDate><content:encoded><![CDATA[ As businesses continue to look for ways to reduce the cost of their contact centers while also enhancing their functionality, many are turning to on-demand solutions - which can help them accomplish both, according to a recent TMCnet report.<br/><br/>On-demand contact center solutions have been on the rise for several years, but only recently have they broken into the mainstream. Given the economic struggles that have affected companies worldwide in recent years, the technology&#39;s growth makes sense. Based on a pay-per-use model, on-demand contact center solutions let companies reduce the cost by only paying for services when necessary.<br/><br/>Additionally, the scalability of on-demand contact center solutions provide companies with more flexibility than traditional services. If a business can anticipate heavier calling periods of the day, they can simply scale up their services to account for the higher traffic, the report stated. Likewise, they can then scale down when traffic levels are low.<br/><br/>In many companies, contact centers have become an important part of customer relationship management (CRM) strategies. According to a separate TMCnet report, companies can improve their CRM practices by showing an interest in customer satisfaction through their contact centers.]]></content:encoded></item>		<item><title>Expert: IVR a Boon for Banks</title><link>http://www.teletech.com/news/contact-center-technology/expert-ivr-a-boon-for-banks-800479115</link><pubDate>2011-04-07T00:00:00</pubDate><content:encoded><![CDATA[ With more customers banking over the phone rather than in person, the advent of interactive voice response (IVR) systems has been of enormous benefit for the banking industry, one expert recently asserted.<br/><br/>In a recent TMCnet report, guest contributor and enterprise telephony expert Lisa Marquez said phone banking has become an &quot;everyday, commonplace way to bank for many people.&quot; And as that trend has grown, IVR solutions are becoming a common way for banks to manage their calls.<br/><br/>While a live call center agent is still an important part of banking, IVR has proven particularly effective in many situations. For example, if a customer is calling just to check his or her bank account, a live agent would not be necessary. Instead, the customer could provide instructions and passwords to an IVR system, which would then give all the information needed.<br/><br/>IVR systems have proven beneficial not only to banks, but for companies in other industries as well, including retailers and airlines. In a separate TMCnet report, industry expert Natalia Kishina claimed IVR can help companies retain customers and also gain a competitive advantage.]]></content:encoded></item>		<item><title>New Technology Enables Businesses, CRM to Become Social</title><link>http://www.teletech.com/news/customer-management/new-technology-enables-businesses-crm-to-become-social-800478695</link><pubDate>2011-04-06T00:00:00</pubDate><content:encoded><![CDATA[ With the rise of social networking, the state of customer relationship management (CRM) has shifted drastically in recent years. According to a recent CRM Buyer report, businesses today need to incorporate social media into their CRM practices to optimize their customer service.<br/><br/>Between Facebook, Twitter, and a handful of other social networks, the online world has become increasingly social. Rather than read consumer reports about a certain product, people are more inclined to go online and read opinions of like-minded consumers. If comments are favorable, this can be a boon for companies. If negative, companies will need to do some damage control.<br/><br/>For this reason, it&#39;s more important than ever that businesses become social themselves. Business that integrate social media into their CRM practices are better prepared to control their brand, as well as the direction of conversation among their customers.<br/><br/>Additionally, social CRM allows businesses to communicate with their customers better, the report stated. By establishing a communication line with customers, businesses are afforded greater information gathering capabilities, which can be an invaluable asset when determining future direction.<br/><br/>Many experts have noted the potential impact social CRM will have on customer service practices. At the recent Gartner 360 CRM Conference, Gartner analyst Gene Alvarez stated social CRM is the future of CRM, eCRMGuide reports.]]></content:encoded></item>		<item><title>Expert: Follow-up Contact Bolsters Customer Service</title><link>http://www.teletech.com/news/customer-management/expert-follow-up-contact-bolsters-customer-service-800478699</link><pubDate>2011-04-06T00:00:00</pubDate><content:encoded><![CDATA[ In a recent report for TMCnet, customer service expert Steven Cramer asserted that the follow-up call can greatly enhance a company&#39;s customer service practices.<br/><br/>Regardless of whether a customer called to complain, place an order, ask a question, or voice a concern, Cramer stated that every call deserves a follow-up. In addition to making the customer feel appreciated, the follow-up call can also be utilized to gather information about a customer base.<br/><br/>The follow-up call need not be a grand gesture, however. Particularly in large companies, returning every call with a live or personalized messaged would be a monumental task. According to Cramer, follow-up calls can be automated messages used to thank a customer for his or her input, or apologize for dissatisfaction and so forth.<br/><br/>One part of the follow-up call that should be included, Cramer stated, is a request for customer feedback. This can be accomplished with a survey offered at the end of the call. This will provide the company with information about its customer base and give it insight that can be used to improve future services.<br/><br/>One technology many companies use to conduct over-the-phone surveys is interactive voice response (IVR). According to a recent TMCnet report, restricted budgets have inspired many companies to use IVR in creative ways to make a lasting impression on customers.]]></content:encoded></item>		<item><title>Analyst: Social CRM is the Future</title><link>http://www.teletech.com/news/customer-management/analyst-social-crm-is-the-future-800477665</link><pubDate>2011-04-05T00:00:00</pubDate><content:encoded><![CDATA[ Speaking at the recent Gartner 360 CRM Conference in Los Angeles, Gartner analyst Gene Alvarez asserted that social customer relationship management (CRM) is the future of CRM, eCRMGuide reports.<br/><br/>According to Alvarez, social CRM impacts nearly every aspect of business, particularly customer service, marketing, and sales. As businesses increase their utilization of social networking tools, such as Twitter and Facebook, social CRM has become an integral part of forming communities and transforming the customer experience.<br/><br/>Alvarez cited a number of large companies that have deployed social CRM strategies, including American Airlines, Pringles, and Hallmark. One organization that has used social CRM particularly well is online t-shirt company Threadless, which lets users vote on their favorite shirts to determine which are actually made.<br/><br/>&quot;The value of social CRM is to get people interacting and working for the brand,&quot; Alvarez said, according to the news provider.<br/><br/>As more businesses both large and small realize the benefits of social CRM, the market is expected to soar. According to a recent Gartner report, social CRM will represent $1 billion of the total $13 billion CRM market by 2013.]]></content:encoded></item>		<item><title>UC Adoption Doubled in 2010, Study Finds</title><link>http://www.teletech.com/news/contact-center-technology/uc-adoption-doubled-in-2010-study-finds-800477659</link><pubDate>2011-04-05T00:00:00</pubDate><content:encoded><![CDATA[ As businesses look to enhance employee productivity while reducing IT costs, the implementation rate of unified communications (UC) technology doubled between 2010 and 2011, a recent study found.<br/><br/>According to the study, which was conducted by a UC technology provider, 16 percent of surveyed organizations have fully implemented UC. Of those, 76 percent said they have already met or exceeded their return on investment expectations.<br/><br/>One factor affecting UC adoption is cloud computing, the report stated. Of those that have fully implemented UC, three-fourths said they use the cloud to enhance the speed of their UC solutions.<br/><br/>Increased employee productivity was the top reason for UC adoption, cited by 53 percent of respondents. This was followed by operating cost reductions, cited by 48 percent.<br/><br/>&quot;Across industries, organizations are embracing &lsquo;anytime, any place&rsquo; access to information to boost productivity. They also continue to look for opportunities to use budget dollars more effectively,&rdquo; said one expert involved with the study. &quot;Unified communications delivers on both of those objectives.&quot;<br/><br/>UC telephony is one of the fastest growing segments of the voice over internet protocol markets, which, according to a recent Infonetics report, reached $49.8 billion in 2010.]]></content:encoded></item>		<item><title>ILM Integration Can Improve CRM Practices</title><link>http://www.teletech.com/news/customer-management/ilm-integration-can-improve-crm-practices-800476616</link><pubDate>2011-04-04T00:00:00</pubDate><content:encoded><![CDATA[ Businesses can improve their chances of generating repeat business by combining information lifecycle management (ILM) and customer relationship management (CRM), according to a recent TMCnet report.<br/><br/>In most cases, repeat business is determined by the level of customer satisfaction, TMCnet&#39;s Chris DiMarco wrote. Therefore, superior CRM practices are key to ensuring customers return to a company.<br/><br/>However, a CRM strategy will likely fail if businesses do not maintain pertinent information about their customer bases. This is where ILM can help. When integrated with CRM, ILM can equip sales people and marketers with knowledge they need to assist customers and respond to feedback.<br/><br/>&quot;Customer relationships do not end with the initial purchase, they begin with it. By carefully monitoring &hellip; customer&rsquo;s needs, [companies] will not only make the initial sale, but a lasting relationship that will result in return business as well,&quot; DiMarco wrote.<br/><br/>With the rise of social networking and cloud computing, the CRM market is expected to change drastically in the coming years. According to a recent Gartner report, social CRM will represent 8 percent of all CRM spending in 2012.]]></content:encoded></item>		<item><title>New Skills Needed for SIP Trunking</title><link>http://www.teletech.com/news/contact-center-technology/new-skills-needed-for-sip-trunking-800476621</link><pubDate>2011-04-04T00:00:00</pubDate><content:encoded><![CDATA[ The rise of session initiation protocol (SIP) has changed the landscape of the telecom industry, and telecom specialists need to develop new skills to stay relevant in the job market, according to a recent Network World report.<br/><br/>As businesses continue to gravitate from time-division multiplexing (TDM) toward SIP trunking, telecom specialists need to respond by expanding their expertise beyond data switches and firewalls to include data networks and voice, Graham Francis, CIO of training firm the SIP School, told the news provider.<br/><br/>Additionally, it would be beneficial to the telecom specialist to arm himself or herself with knowledge about traditional IT tools, such as session border controllers. This will give them a better grasp the nuances of SIP trunking, and help them understand how the technology relates to broadband internet and internet protocol-based private branch exchange telephony.<br/><br/>&quot;All the telecom guys are going to have to understand how voice and data will mix on the same network,&quot; Francis told Network World.<br/><br/>Moving forward, knowledge of SIP trunking will benefit any IT worker, as the technology has experienced rapid adoption in recent years. According to Gartner Research, SIP trunking experienced a breakout year in 2010, with revenues increasing 143 percent over 2009.]]></content:encoded></item>		<item><title>Study: Accessing Customer Information Biggest Call Center Challenge</title><link>http://www.teletech.com/news/customer-management/study-accessing-customer-information-biggest-call-center-challenge-800475446</link><pubDate>2011-04-01T00:00:00</pubDate><content:encoded><![CDATA[ A recent study by a customer management group found the greatest challenge currently facing customer support departments is the ability to quickly locate information necessary to help customers.<br/><br/>Call centers are intended to help businesses field incoming customer feedback and address issues and problems when necessary. However, a recent survey revealed nearly 70 percent of customer service organizations have trouble finding the information to resolve customer issues.<br/><br/>According to the report, businesses can enhance the capabilities of the call centers - while also improving customer relationship management practices - by creating an infrastructure or knowledge base with &quot;ubiquitous&quot; access. This would enable call center agents to locate pertinent information as necessary and, thus, remove inefficiencies.<br/><br/>&quot;The survey data clearly indicates that arming customer service teams with the knowledge and information they need to best service customers is an important step in driving up customer satisfaction rates, and in turn, positively impacting the bottom line,&quot; said one expert involved with the study.<br/><br/>The ability to manage customer feedback has become a vital part of building an efficient and effective knowledge base. A recent TMCnet report stated that businesses can enhance their call centers by gathering customer information effectively and showing an interest in customer satisfaction.]]></content:encoded></item>		<item><title>Report: VoIP Market to Reach $74.5 Billion by 2015</title><link>http://www.teletech.com/news/contact-center-technology/report-voip-market-to-reach-74-5-billion-by-2015-800475455</link><pubDate>2011-04-01T00:00:00</pubDate><content:encoded><![CDATA[ After years of stagnant growth due to the economic recession, the global voice over internet protocol (VoIP) market has apparently weathered the storm and is poised to see significant growth in the coming years.<br/><br/>According to a recent report by Infonetics Research, the VoIP market flourished in 2010, reaching $49.8 billion - up from $34.8 billion in 2008. That growth is expected to continue, with the market reaching $74.5 billion by 2015, the report stated.<br/><br/>Session Initiative Protocol (SIP) trunking experienced a breakout year in 2010, with revenues increasing 143 percent over the previous years, Infonetics found. According to the report, SIP trunking and hosted unified communications telephony represent the fastest growing segments of the VoIP market.<br/><br/>According to Infonetics directing analyst Diana Myers, residential services currently account for 69 percent of the VoIP market. However, she noted that business VoIP services are growing at faster rates.<br/><br/>VoIP is quickly becoming a preferred telephony solution for both businesses and consumers. According to a recent report by the Federal Communications Commission, VoIP use in the United Stated grew by 21 percent between June 2009 and June 2010.]]></content:encoded></item>		<item><title>Gartner: Social CRM Influence Far-reaching</title><link>http://www.teletech.com/news/customer-management/gartner-social-crm-influence-far-reaching-800474173</link><pubDate>2011-03-31T00:00:00</pubDate><content:encoded><![CDATA[ Marketing strategies are shifting, with traditional methods quickly being displaced by newer social and mobile ones. According to a recent Gartner report, social and mobile marketing strategies will influence nearly 80 percent of consumer purchases by 2015.<br/><br/>This means companies that have not yet deployed social customer relationship management (CRM) and mobile strategies may start seeing their opportunities to adopt the technology shrink. As more connected devices penetrate the market and the internet becomes the go-to resource for information, businesses failing to practice effective social CRM may be left behind.<br/><br/>One key advantage that social and mobile strategies have over traditional marketing methods, such as mass marketing, is rapid response times. Through social CRM, businesses can quickly reply to customers. Additionally, social CRM enables businesses to cater their responses to individual customers and specific questions.<br/><br/>&quot;Mass marketing is no longer a long-term strategy. Mass-marketing campaigns have a 2 percent response rate and are on the decline, whereas by 2015, digital strategies, such as social and mobile marketing, will influence at least 80 percent of consumers&#39; discretionary spending,&quot; said Gartner research director Adam Sarner.<br/><br/>As marketing strategies shift, the social CRM market is project to see significant growth. According to an earlier Gartner report, social CRM will be a $1 billion market by 2013.]]></content:encoded></item>		<item><title>Budget Restrictions Can Inspire Creative IVR Solutions</title><link>http://www.teletech.com/news/contact-center-technology/budget-restrictions-can-inspire-creative-ivr-solutions-800474181</link><pubDate>2011-03-31T00:00:00</pubDate><content:encoded><![CDATA[ As businesses face stagnant budgets that restrict their customer relationship management (CRM) capabilities, TMCnet reports that many are utilizing their call center technology to make lasting impressions on their customers.<br/><br/>Interactive voice response (IVR) is one solution to which many companies have turned to enhance their CRM practices. While interaction with a live call center agent is still an important part of customer service, restricted budgets have forced businesses to explore new options, such as IVR, to cut costs.<br/><br/>In many situations, IVR can be just as effective as live representatives when dealing with customers. However, to be most effective, the report states, the solution must be used in ways that &quot;solidify enduring customer relationships.&quot;<br/><br/>&quot;For IVR, this will mean coming up with inspired, original solutions that will make companies shine and not just avoid problems with emerging services like voiceXML, speech recognition and transcription, and cloud-based services,&quot; the report states.<br/><br/>As more companies adopt the technology and practices are refined, IVR and the speech technology market is expected to soar in coming years. According to a recent Global Industry Analysts report, the global speech technology market will reach $20.9 billion by 2015.]]></content:encoded></item>		<item><title>Gartner Predicts Major Changes Coming to CRM</title><link>http://www.teletech.com/news/customer-management/gartner-predicts-major-changes-coming-to-crm-800473391</link><pubDate>2011-03-30T00:00:00</pubDate><content:encoded><![CDATA[ The customer relationship management (CRM) market is poised to undergo significant changes in the next three years, according to a recent Gartner report.<br/><br/>Gartner predicts social CRM will represent 8 percent of all CRM spending by 2012, increasing from 4 percent in 2010.<br/><br/>As the shift occurs, Gartner recommends social CRM buyers utilize a three-step approach to implement the technology. The first step is determining whether your company already uses social CRM. While an IT department may not be using social networks, such as Facebook or Twitter, many marketing and customer service departments already are. If these practices are effective, they can serve as a model for future social CRM deployments.<br/><br/>Next, the research firm suggests that companies determine whether they will be &quot;forced&quot; to deploy social CRM in the near future. If other companies in a particular industry are already using social CRM, that is a good indicator the practice will become widespread.<br/><br/>Lastly, Gartner says businesses should rely on case studies to identify social CRM successes and failures. These studies can help a company determine how to approach social CRM.<br/><br/>One other key change occurring in the CRM market is the rise of cloud computing. According to the report, 32 percent of CRM software will be deployed as Software-as-a-Service by 2014.]]></content:encoded></item>		<item><title>China Sweeps Through 'Second-Tier' Cities to Find Tech Workers </title><link>http://www.teletech.com/news/enterprise-management/china-sweeps-through-second-tier-cities-to-find-tech-workers-800474101</link><pubDate>2011-03-30T00:00:00</pubDate><content:encoded><![CDATA[ China&#39;s booming cities are increasingly becoming hubs for international commerce. The city of Dalian is already the &quot;hub&quot; of China&#39;s business process outsourcing (BPO) industry, but to fill the demand for workers, Chinese officials are traveling to the country&#39;s &quot;second-tier&quot; cities for prospective workers that could fill openings in BPO.<br/><br/>PC World reports that industry leaders are visiting cities such as Xi&#39;an and Hangzhou, looking for educated workers to work in the nation&#39;s expanding BPO market, which has close ties with companies from Japan and Korea.&nbsp;<br/><br/>&quot;Xi&#39;an is a good bet. It is the third higher-education city in China, immediately after Beijing and Shanghai. What Xi&#39;an needs is renewed and further government promotions to attract companies there,&quot; Cyrill Eltschinger, author of Source Code China, told PC World.<br/><br/>The city of Chengdu is also drawing attention from technology companies. According to the source, despite its inland location, Chengdu is becoming an attractive location because 28 Fortune 500 companies have set up shop in the city. &nbsp;]]></content:encoded></item>		<item><title>Expert: Social Media Becoming Integral Part of Customer Service</title><link>http://www.teletech.com/news/customer-management/expert-social-media-becoming-integral-part-of-customer-service-800472275</link><pubDate>2011-03-29T00:00:00</pubDate><content:encoded><![CDATA[ Despite being a relatively new technology, social media is already having a profound impact on businesses customer relationship management (CRM) strategies.<br/><br/>In a recent interview with InformationWeek, Salesforce.com vice president of CRM Alex Dayon said the inclusion of social networks, like Facebook and Twitter, has altered the way businesses approach customer support. In the past, most customer care was handled through call centers, but as social media grows, new elements are constantly being introduced to CRM practices.<br/><br/>Businesses that utilize social CRM often find they are afforded a competitive advantage. Because the internet has become the first resource many customers turn to for information, social media can provide companies with a means to communicate quickly and effectively.<br/><br/>&quot;Today, do you start with the phone, or do you Google your question? You Google it, right? You may find your answer in the knowledge base article on the website,&quot; Dayon said. &quot;So the world of customer service now is really one where you need to connect all those different channels together.&quot;<br/><br/>As social CRM adoption increases, the market will continue to flourish. According to a recent Gartner report, social CRM will by a $1 billion market by 2013.]]></content:encoded></item>		<item><title>Russian Businesses Becoming Comfortable with Call Center Outsourcing</title><link>http://www.teletech.com/news/contact-center-technology/russian-businesses-becoming-comfortable-with-call-center-outsourcing-800472285</link><pubDate>2011-03-29T00:00:00</pubDate><content:encoded><![CDATA[ As the economy continues to recover and businesses are once again willing to spend, the contact center outsourcing market in Russia is expected to see significant growth in coming years, according to a recent Frost &amp; Sullivan report.<br/><br/>The market, which was valued at $184.5 million in 2009, has experienced little growth in recent years, due to an underdeveloped infrastructure and consumer apprehension. Additionally, a low birth rate in the early &#39;90s has contributed to the slow growth.<br/><br/>However, that trend is beginning to change. According to the research firm, many outsourcing companies now provide greater call center services due to the enhanced capabilities of interactive voice response and automated service technologies.<br/><br/>&quot;There is an increasing trend toward the use and deployment of interactive voice response and automated service technologies,&quot; said research analyst Iwona Petruczynik. &quot;It has proven to be a very effective way to reduce cost and enable outsourcing companies to provide more services with the same number of agents.&quot;<br/><br/>Contact center trends in Russia are reflected through the rest of the world as well. According to a 2010 Ovum report, the global contact center market will experience 3.3 percent growth through 2015.]]></content:encoded></item>		<item><title>Study Finds Mobile VoIP Growth Outpacing Fixed Line</title><link>http://www.teletech.com/news/contact-center-technology/study-finds-mobile-voip-growth-outpacing-fixed-line-800473396</link><pubDate>2011-03-29T00:00:00</pubDate><content:encoded><![CDATA[ In a recent report for Wireless Week, Analysys Mason analyst Stephen Sale asserted that the rise of mobile devices may have a significant impact on the over-the-top voice over internet protocol (OTT VoIP) market.<br/><br/>Sale stated the projections in the 1990s that VoIP would replace fixed telephony have yet to come true. However, that may change with mobile OTT VoIP.<br/><br/>Mobile devices, such as smartphones and tablet PC, lend themselves better to VoIP services than fixed lines, Sale said. Among the advantages of mobile OTT VoIP are price, integration with other devices, wider segmentation, and device intelligence.<br/><br/>&quot;Smartphones give consumers significant computing power along with the hardware to support advanced acoustics - and a portable computer-phone is a great solution to the ergonomic restrictions of the PC,&quot; Sale wrote.<br/><br/>Citing figures from the soon-to-be-released study by Analysys Mason, Sale noted that nearly 87 percent of OTT VoIP subscriptions were fixed line. By the end of 2015, the research firm predicts a significant displacement, with mobile OTT VoIP representing approximately 40 percent of OTT VoIP subscriptions.]]></content:encoded></item>		<item><title>Social CRM Spurring Cloud Adoption, Expert Says</title><link>http://www.teletech.com/news/customer-management/social-crm-spurring-cloud-adoption-expert-says-800471287</link><pubDate>2011-03-28T00:00:00</pubDate><content:encoded><![CDATA[ While it is a common belief that cloud computing adoption is driven by IT departments, marketing and other non-IT departments are actually the ones that benefit most from the technology, one expert recently stated.<br/><br/>Speaking at the IDC Cloud for Business Conference in New Zealand, IDC research associate vice president Tim Dillon asserted that use of social customer relationship management (CRM) tools, such as social media and marketing, has been one of the moving forces behind cloud adoption in his own company, Computerworld reports.<br/><br/>Social media networks, such as Twitter and Facebook, are being increasingly used by businesses across a variety of industries that are looking to get their messages out to both potential and established customers. As a result, companies are also overhauling their CRM systems, deploying solutions to the cloud rather than handling than on site. While the overhauls can benefit the company as a whole, it is mainly the marketing and sales departments that will rely on these technologies.<br/><br/>Both cloud computing and social CRM are expected to be major elements of enterprise operations going forward. According to a recent Markets and Markets report, the global cloud market will reach $121.1 billion by 2015.]]></content:encoded></item>		<item><title>Study: Good Call Center Data Leads to Customer Satisfaction</title><link>http://www.teletech.com/news/contact-center-technology/study-good-call-center-data-leads-to-customer-satisfaction-800471290</link><pubDate>2011-03-28T00:00:00</pubDate><content:encoded><![CDATA[ Businesses can improve the functionality of their contact centers and enable them to reach their full potential by showing an interest in information gathering and customer satisfaction, according to a recent TMCnet report.<br/><br/>According to a recent study published by a call center consultancy firm, many businesses are shifting from operational-based metrics to customer-centric metrics. However, there is still much improvement needed in terms of recording and using customer satisfaction data, the report stated.<br/><br/>In a survey of more than 40 contact center decision-makers, 43 percent of respondents indicated their company relies on customer feedback provided through external studies rather than their own resources. While that method can provide businesses with good general knowledge of customers, it does hinder them from understanding the specific needs and wants of their own customer base.<br/><br/>&quot;It is encouraging to see the adoption of more customer oriented measurements, such as [net promoter score], which are intricately linked with improving overall company performance,&quot; said one expert involved with the study. &quot;There is still too much reliance on operational metrics, such as average speed of answer.&quot;<br/><br/>As businesses move from traditional contact center to hosted technology, spending is expected to increase marginally. According to research firm Gartner, contact center spending will experience a compound annual growth rate of 2.8 percent between 2005 and 2014.]]></content:encoded></item>		<item><title>Cebu City On the Map As Outsourcing Hotspot </title><link>http://www.teletech.com/news/enterprise-management/cebu-city-on-the-map-as-outsourcing-hotspot-800471991</link><pubDate>2011-03-28T00:00:00</pubDate><content:encoded><![CDATA[ The Philippines is emerging as a global leader in business process outsourcing (BPO), but one city within the island nation is growing into one of the hottest spots for developing BPO. According to the Cebu Daily News, Cebu City is now one of the 10 most popular cities to harbor BPO companies, despite having a population of fewer than 1 million people.<br/><br/>The report, sanctioned by the Cebu city government, also found the city has been able to brand itself as a hub for BPO solutions because of the diversity of solutions it provides beyond standard voice-based services. In addition to technology-based outsourcing, Cebu has expanded into human resources, financial, procurement, and other types of outsourcing needs.<br /> <br /> &quot;That alone shows the innate capabilities of the labor pool in successfully delivering high-value services to international clients,&rdquo; Manuel Jacinto Ravago, Tholons vice president and head of research, told the Daily News.<br/><br/>Currently, the city is engaged in &quot;phase 2&quot; of a four-step long-term plan that aims to expand BPO resources in the city. Once completed, analysts predict Cebu will produce $2.4 billion worth of BPO revenue per year.&nbsp;]]></content:encoded></item>		<item><title>Social CRM Value Found in Data</title><link>http://www.teletech.com/news/customer-management/social-crm-value-found-in-data-800470349</link><pubDate>2011-03-25T00:00:00</pubDate><content:encoded><![CDATA[ While social customer relationship management (CRM) practices have proven to be an effective tool to enable companies to connect with their customer bases, one expert recently stated the real value of social CRM is found in the data it provides.<br/><br/>Social CRM is still a relatively young concept, but it has been rapidly growing in recent years. However, given its youth, companies are still trying to figure out how they can leverage social CRM so it is most beneficial to their business operations.<br/><br/>In a recent interview with ZDNet&#39;s Dennis Howlett, independent analyst Estaban Kolsky said businesses can utilize social media tools to gather vast amounts of information about their customers. While data gathering is by no means a new practice, Kolsky said social CRM has expedited the process, providing businesses with nearly 100 times as much data as traditional practices.<br/><br/>Additionally, Kolsky asserts that businesses can use social CRM to not only determine what their customers want, but why they want it, as well.<br/><br/>Social CRM has become a highly valued tool for businesses of all sizes looking to get more value from customer interaction. According to research firm Gartner, social CRM will be a $1 billion market by 2013.]]></content:encoded></item>		<item><title>European IP Telephony Market Expected to Increase</title><link>http://www.teletech.com/news/contact-center-technology/european-ip-telephony-market-expected-to-increase-800470357</link><pubDate>2011-03-25T00:00:00</pubDate><content:encoded><![CDATA[ The hosted communications services market in Europe is expected to soar in the next five years, as businesses migrate from legacy telephony solutions to internet protocol (IP) services, according to new data from Frost &amp; Sullivan.<br/><br/>In its report, the market research firm estimates hosted IP telephony revenue in Europe will reach $6.9 billion by 2016, up from $1.2 billion in 2010.<br/><br/>According to Frost &amp; Sullivan analyst Dorota Oviedo, the shift to hosted services has been spurred by economic slowdown in the region, which has limited company spending in recent years. Through IP telephony, however, many businesses have found they can reduce costs of their communications while also improving their systems&#39; functionality.<br/><br/>&quot;With the economy rebounding, companies will continue using hosted IP telephony services,&quot; Oviedo said in a release. &quot;At the same time, they are also expected to complement them with new communications and collaboration applications.&quot;<br/><br/>Following the global economic recession, businesses around the world are starting to turn to IP telephony and unified communications. According to a recent Research and Markets report, global IP telephony shipments are expected to exceed 40 million units in 2015.]]></content:encoded></item>		<item><title>Chinese Banks Putting Greater Focus on Customer Service</title><link>http://www.teletech.com/news/customer-management/chinese-banks-putting-greater-focus-on-customer-service-800469330</link><pubDate>2011-03-24T00:00:00</pubDate><content:encoded><![CDATA[ As the global economy continues to recover, banks in China are shifting away from focusing on cost savings and instead directing their attention to customer satisfaction, according to a recent TechNavio report.<br/><br/>Customers in China now have access to a wider range of international banking services, which is making customer service a higher priority, the report stated. As a result, banks are investing more in solutions, such as customer relationship management (CRM), to improve customer satisfaction.<br/><br/>According to the report, CRM has become a particularly important part of banks&#39; customer service practices. Many of the banks are using CRM to gather information about their customer base, enabling them to analyze and estimate a customer&#39;s value.<br/><br/>&quot;Chinese banks now routinely calculate customer value based on accounts average balances, account activity, services usage, branch visits, and other variables,&quot; the report stated. &quot;CRM has been playing a very important role in establishing and maintaining customer relationship by providing better customer value.&quot;<br/><br/>Worldwide, banks are also increasing the use of social CRM to improve customer services. According to a Research and Markets report, social CRM is an effective tool for boosting interaction and collaboration between customer and company.]]></content:encoded></item>		<item><title>Client Consideration Important to IVR Solutions</title><link>http://www.teletech.com/news/contact-center-technology/client-consideration-important-to-ivr-solutions-800469341</link><pubDate>2011-03-24T00:00:00</pubDate><content:encoded><![CDATA[ In order to get the most out of the interactive voice response (IVR) systems, businesses should take steps to ensure their technology relays information in a way that is familiar and understandable to their customer bases, a recent TMCnet report stated.<br/><br/>Many businesses rely on IVR systems to improve call center efficiency. And while the technology can help free up call center and customer service agents&#39; time, an IVR system is wasted if customers are not able to connect to it in a meaningful way.<br/><br/>According to the report, it is important businesses consider their client base when deploying IVR systems. This includes more obvious considerations, such as simplicity and easy navigation, as well as languages and accents.<br/><br/>For example, if a business&#39; client based consists mostly of Texans, it would be beneficial to include a Spanish option with an IVR system. Additionally, accents must be easy to understand. While it is not necessary to feature an automated voice with a southern drawl, it would also not be appropriate to include a British or Australian accent.<br/><br/>IVR systems can be effective for improving customer satisfaction and freeing up workers to focus on more important tasks. According to a separate TMCnet report, evaluation is key to deploying a successful IVR system.]]></content:encoded></item>		<item><title>Research Reveals Strengthening APAC Markets </title><link>http://www.teletech.com/news/enterprise-management/research-reveals-strengthening-apac-markets-800470059</link><pubDate>2011-03-24T00:00:00</pubDate><content:encoded><![CDATA[ The business process outsourcing (BPO) market is poised for significant growth in the Asia-Pacific market over the next five years, according to new data from Research and Markets. China, Japan, and Korea are expected to drive most of the revenue.<br/><br/>Research and Markets found that many of the BPO and information technology outsourcing (ITO) industries are beginning transition from U.S.-based markets to China. Additionally, Japanese and Korean companies are beginning to funnel much of their outsourcing needs to China because of the &quot;availability of huge labor forces.&quot;<br/><br/>While language barriers remain a hurdle for the region, the survey group found that wide support from the Chinese government is motivating much of the industry&#39;s growth. Yet, Japan and Korea are also seeing an influx of business from the United States and Europe because of a stronger relationship with the countries and a familiarity with the languages.<br/><br/>The survey group also found that strong growth through 2015 could have regional ramifications. Research and Markets states that the Chinese BPO market may become a threat to traditional outsourcing markets, like India and the Philippines. &nbsp;]]></content:encoded></item>		<item><title>Social CRM Brings Businesses Closer to Customers</title><link>http://www.teletech.com/news/customer-management/social-crm-brings-businesses-closer-to-customers-800468483</link><pubDate>2011-03-23T00:00:00</pubDate><content:encoded><![CDATA[ Traditional customer management relationship (CRM) can be instrumental in helping a business gather information about transactions with customers. Yet, one expert recently asserted that social CRM can be used to enhance relationships by building a public conversation between a business and its customers.<br/><br/>In an interview with ZDNet, social CRM expert Philip Soffer said social CRM can be mutually beneficial to both company and customer. Rather than basing customer relationships on transactional data, social CRM provides a channel for businesses to create deeper relationships by actually interacting with the customer.<br/><br/>However, Soffer also asserted that both traditional and social CRM are needed for a company to be most effective.<br/><br/>&quot;They are different and, ultimately, most organizations will need to do both as each becomes part of a continuous social customer outreach program,&quot; Soffer told the news provider.<br/><br/>To gain a competitive advantage, many businesses are using social CRM tools as inexpensive and relatively simple way to interact with customers. According to Gartner, social CRM will become a $1 billion industry by 2013.]]></content:encoded></item>		<item><title>Research Shows FAO Market To Expand Nearly 20 Percent in 2011</title><link>http://www.teletech.com/news/enterprise-management/research-shows-fao-market-to-expand-nearly-20-percent-in-2011-800468990</link><pubDate>2011-03-23T00:00:00</pubDate><content:encoded><![CDATA[ The financial and accounting outsourcing (FAO) industry is set to grow by 15 to 20 percent in 2011, according to research recently released by the Everest Group. The market analysis firm found that a strong recovery by the industry in 2010 will pave the way for such growth this year.<br/><br/>According to Everest, the total annual contract value for FAO will top $4 billion in 2011 after expanding 15 percent last year and 10 percent in 2009. The total contract value in 2009 surpassed $5 billion, while total FAO spending eclipsed $28.5 billion in 2010.<br/><br/>&quot;Last year saw a strong rebound in multi-process FAO adoption, which we expect to continue this year as buyers look to reduce costs and optimize processes,&quot; said Saurabh Gupta, vice president of research at Everest. &quot;However, buyers continue to remain cautious and adopt a more phased approach rather than big-bang solutions.&quot;<br/><br/>Growth in manufacturing, financial services, retail, travel and logistics, and energy and utilities were responsible for 70 to 75 percent of the market&#39;s total growth in 2010, while the United States accounted for half of FAO spending. The Asia-Pacific region witnessed the quickest growth rate.<br /> &nbsp;]]></content:encoded></item>		<item><title>FCC: VoIP Growth Outpacing Traditional Voice Lines</title><link>http://www.teletech.com/news/contact-center-technology/fcc-voip-growth-outpacing-traditional-voice-lines-800468637</link><pubDate>2011-03-22T00:00:00</pubDate><content:encoded><![CDATA[ A recent study by the Federal Communications Commission (FCC) found the use of retail switched voice lines and voice over internet protocol (VoIP) are moving in opposite directions, with VoIP making a significantly leap in 2010.<br/><br/>While use of retail switched lines is still wider, VoIP use by both businesses and consumers grew by 21 percent between June 2009 and June 2010, with a total of 29 million subscriptions by the end of the time period, the study found. Meanwhile, use of retail switched voice lines decreased by 8 percent during the same time period, dropping from 133 million to 122 million.<br/><br/>In total, wireline retail local telephone service connections decreased 4 percent during the time period, dipping from 157 million to 151 million, the report stated.<br/><br/>The FCC&#39;s findings suggest businesses as well as consumers are increasingly turning to hosted voice services to leverage reduced costs and enhanced capabilities of the technology. This trend is expected to continue for the foreseeable future, and, according to a recent ABI Research report, the VoIP services market will reach $20 billion by 2015.]]></content:encoded></item>		<item><title>Asia-Pacific BPO Market Has Safeguards in Place Following Japan Quake</title><link>http://www.teletech.com/news/revenue-generation/asia-pacific-bpo-market-has-safeguards-in-place-following-japan-quake-800468073</link><pubDate>2011-03-22T00:00:00</pubDate><content:encoded><![CDATA[ The devastating earthquake and tsunami that has ravaged much of Japan is forecast to have little effect on the region&#39;s business process outsourcing (BPO) industry, according to ABS-CBN News. The news source states that industries in the region, particularly in the Philippines, have redundant systems in place to maintain secure networks and keep operations running at a normal level.<br/><br/>International executives, with offices in Singapore, Australia, and other places, told ABS-CBN that they forecast continued growth in the market despite the disruption in Japan. Arinso International NV, a Brussels-based technology firm, told the source that his company and others have maintained continuous communications in the region even though Japan is suffering from rolling blackouts and other industry disruptions.<br/><br/>A 2006 earthquake in Taiwan damaged the Asia-Pacific Cable Network 2, a submarine telecommunications cable that links many countries in the Asia-Pacific region. That disruption caused significant burdens and financial losses for BPO companies in the area. This time around, companies are not dealing with interruption of services, but note that redundancy is imperative in the BPO industry.]]></content:encoded></item>		<item><title>Sales Departments Need to Capitalize on Social CRM Strategies</title><link>http://www.teletech.com/news/customer-management/sales-departments-need-to-capitalize-on-social-crm-strategies-800467482</link><pubDate>2011-03-21T00:00:00</pubDate><content:encoded><![CDATA[ A recent Mashable blog post discussed the world of social customer relationship management (CRM) strategies and analyzed why sales departments haven&#39;t embraced the technology yet.<br/><br/>While marketing and customer service departments have utilized social CRM, sales departments have typically stayed away for several reasons. First, many salespeople are not technology experts, meaning they do not know how to effectively use social media. Secondly, salespeople need a better understanding of how social media can help produce results. Without valuable information, these salespeople could see social media as a waste of time that could otherwise have been spent cultivating relationships.<br/><br/>Another major factor is the lack of integration many social media tools have with sales workflow, as companies in both sectors have been solely focused on their own product. Finally, most salespeople rely on training provided to them by their employer. Thus, if companies aren&#39;t adopting social CRM for sales, then salespeople are less likely to adopt this process on their own. According to a recent study, more than half of responding salespeople thought social CRM was important; however, only 9 percent had been training on it by their employer.<br/><br/>As social media continues to be relevant across almost all sectors, adoption by sales departments could become even more important.&nbsp;]]></content:encoded></item>		<item><title>Leveraging Call Centers of the Utmost Importance</title><link>http://www.teletech.com/news/customer-management/leveraging-call-centers-of-the-utmost-importance-800466240</link><pubDate>2011-03-18T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>A recent Contactual blog post analyzed the role of a call
center, stating it is imperative for companies to leverage their
call centers' capabilities correctly.<br />
<br />
According to a TMCnet article, in order to effectively achieve this
leverage, companies should integrate telephone and customer
relationship management (CRM) systems. Doing so ensures first call
resolution for customers, which then leads to higher satisfaction
levels.<br />
<br />
Companies also need to be cognizant of attrition within their call
centers. A recent report stated the main reasons workers resign
from their posts are lack of effective training combined with
confusing technology. Addressing these issues could lead to lower
turnover rates.<br />
<br />
Adopting cloud-based solutions can also improve call centers'
capabilities. The cloud allows centers to connect with maintenance
systems quickly and effectively if any systems were to fail.
Furthermore, the cloud is cost-effective and provides fast speeds
to allow for better customer interaction and higher levels of
satisfaction. Using feature-rich applications as a result of cloud
also helps improve call center efficiency and productivity.<br />
<br />
A recent Frost &amp; Sullivan report found that the call center
market in the Asia-Pacific region increased its employee total to a
record 3.16 million agents during 2010.</p>
]]></content:encoded></item>		<item><title>TeleTech Expands Cloud-based Solutions With Latest Acquisition </title><link>http://www.teletech.com/news/contact-center-technology/teletech-expands-cloud-based-solutions-with-latest-acquisition-800466178</link><pubDate>2011-03-18T00:00:00</pubDate><content:encoded><![CDATA[ TeleTech, a global leader in technology-enabled business process outsourcing (BPO) solutions, has announced its latest acquisition, which will further enhance its product line and give the company an ever larger presence in the cloud technology space.<br/><br/>Through its purchase of Integrated Contact Solutions&#39; business solutions unit, TeleTech will absorb $54 million worth of assets from a company that had a 20-year presence in customer management services. ICS has a large client base in multi-channel data, telephony and IP-based customer management solutions, in addition to other products.<br/><br/>&quot;Since our founding, TeleTech has been at the forefront of addressing market trends,&quot; said Ken Tuchman, TeleTech chairman and chief executive officer, in a statement. &quot;Today, more than ever, clients are seeking a partner who can bring strategy, technology and operations together to seamlessly deliver a truly transformative customer experience &hellip; ICS&#39;s technological expertise and TeleTech&#39;s operational excellence gives us an unparalleled ability to deliver on this challenge.&quot;<br/><br/>The acquisition should be complete by the end of Q2 2011 and is expected to immediately contribute to the company&#39;s earning power. &nbsp;]]></content:encoded></item>		<item><title>MSPs to Use the Cloud for PBX Services, VoIP</title><link>http://www.teletech.com/news/contact-center-technology/msps-to-use-the-cloud-for-pbx-services-voip-800466243</link><pubDate>2011-03-18T00:00:00</pubDate><content:encoded><![CDATA[ According to a recent report, managed service providers (MSPs) will begin evaluating and analyzing private branch exchange (PBX) and voice over internet protocol systems in the cloud to increase their communication efficiency.<br/><br/>Many of these MSPs will do so at the Intermedia Partner Summit. The report states that MSPs have been investigating adopting unified communications opportunities, hoping to find reliable, cost-effective services to utilize on their own.<br/><br/>Taking advantage of this trend, Intermedia adjusted its strategy and began offering a hosted PBX, which the company ensured could integrate with such popular Microsoft programs as Exchange Server and Outlook. Doing so has allowed partners be familiar with user interfaces, allowing for a much easier transition.<br/><br/>While Intermedia&#39; move has drawn favorable reviews, just 7 percent of companies recently surveyed are currently leveraging hosted PBX solutions; however, the market is set to quadruple during the next three to five years. As a result, many more major PBX providers are beginning to adjust their strategies accordingly.&nbsp;]]></content:encoded></item>		<item><title>Leveraging Call Centers of the Utmost Importance</title><link>http://www.teletech.com/news/contact-center-technology/leveraging-call-centers-of-the-utmost-importance-800466240</link><pubDate>2011-03-18T00:00:00</pubDate><content:encoded><![CDATA[ A recent Contactual blog post analyzed the role of a call center, stating it is imperative for companies to leverage their call centers&#39; capabilities correctly.<br/><br/>According to a TMCnet article, in order to effectively achieve this leverage, companies should integrate telephone and customer relationship management (CRM) systems. Doing so ensures first call resolution for customers, which then leads to higher satisfaction levels.<br/><br/>Companies also need to be cognizant of attrition within their call centers. A recent report stated the main reasons workers resign from their posts are lack of effective training combined with confusing technology. Addressing these issues could lead to lower turnover rates.<br/><br/>Adopting cloud-based solutions can also improve call centers&#39; capabilities. The cloud allows centers to connect with maintenance systems quickly and effectively if any systems were to fail. Furthermore, the cloud is cost-effective and provides fast speeds to allow for better customer interaction and higher levels of satisfaction. Using feature-rich applications as a result of cloud also helps improve call center efficiency and productivity.<br/><br/>A recent Frost &amp; Sullivan report found that the call center market in the Asia-Pacific region increased its employee total to a record 3.16 million agents during 2010. &nbsp;]]></content:encoded></item>		<item><title>ActiveDocs Opus Now Includes Salesforce's CRM Cloud Computing Software</title><link>http://www.teletech.com/news/contact-center-technology/activedocs-opus-now-includes-salesforce-s-crm-cloud-computing-software-800466244</link><pubDate>2011-03-18T00:00:00</pubDate><content:encoded><![CDATA[ Officials from Salesforce.com recently announced that the company has partnered with ActiveDocs Opus software for increased functionality with its web service.<br/><br/>Now, with the partnership, ActiveDocs can automatically insert Salesforce&#39;s data into its sales proposals and agreements. Salesforce is the first company to partner with ActiveDocs and integrate with its document creation technology.<br/><br/>With the integration, users now have access to quicker processing and higher quality of created documents, as the program automatically gathers information and allows these users to create custom web services. Using these services allows workers to seamlessly incorporate outside data when creating documents.<br/><br/>Users begin by clicking a button to create a sales proposal, then, once the document has been made, the user can integrate data from internal or external sources and then shift the document back into Salesforce.com.<br/><br/>&quot;Giving sales teams the ability to easily create documents with confidential and propriety content across multiple company divisions has a direct impact on companies&#39; bottom lines,&quot; said Faine Mende, president of ActiveDocs in North America.<br/><br/>Furthermore, Mende believes the new partnership allows for companies to become much more agile with their documents moving forward.&nbsp;]]></content:encoded></item>		<item><title>Report: Banks Can Benefit for Social CRM</title><link>http://www.teletech.com/news/customer-management/report-banks-can-benefit-for-social-crm-800464736</link><pubDate>2011-03-17T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Social media has become a growing trend in recent years with
both consumers and businesses. And, according to a recent Research
and Markets report, retail banks would be well served to
incorporate the technology into their customer relationship
management (CRM) practices.<br />
<br />
In its report "The Impact of Social CRM on Retail Banking," the
market research firm stated that retail banks can implement a
social CRM strategy to boost interaction and collaboration between
customers.<br />
<br />
According to the report, social CRM enables a retail bank to
analyze the impact CRM has on its operations and practices.
Additionally, the practice helps banks gain a deeper understanding
of what customers expect and how the banks can enhance their
services.<br />
<br />
"With social media destined to become a bona fide channel for
consumer engagement as the decade unfolds, it is imperative for
retail banks to develop and implement a social CRM strategy,
buttressed by appropriate technologies," the research firm stated
in a press release.<br />
<br />
Social CRM has become a key customer service tool used not only by
banks, but businesses across an array of industries. According to a
recent Gartner report, 30 percent of businesses will use social CRM
by 2013.</p>
]]></content:encoded></item>		<item><title>Monitoring Key to VoIP Efficiency</title><link>http://www.teletech.com/news/contact-center-technology/monitoring-key-to-voip-efficiency-800464745</link><pubDate>2011-03-17T00:00:00</pubDate><content:encoded><![CDATA[ Businesses that have implemented a voice over internet protocol (VoIP) system can improve their technology&#39;s performance by monitoring the system&#39;s usage, according to a recent TMCnet report.<br/><br/>Many businesses are deploying VoIP solutions to reduce the cost of their communications channels and improve efficiency. However, according to TMCnet&#39;s Tracey Schelmetic, maintenance is key to ensuring a system runs smoothly and is used effectively.<br/><br/>Monitoring VoIP systems helps businesses know when issues arise that might somehow impede productivity or functionality. Additionally, the practice enables a business to protect its investment and determine the system&#39;s return on investment, Schelmetic noted.<br/><br/>&quot;With a good monitoring solution, you can continually take the pulse of your environment for quality-of-service and business effectiveness,&quot; Schelmetric wrote. &quot;You can control all elements of your communications infrastructure from any location, local or remote.&quot;<br/><br/>The market is expected to double in the next four years as businesses continue to integrate VoIP solutions into their operations. According to a recent ABI Research report, the VoIP services market will reach $20 billion by 2015.]]></content:encoded></item>		<item><title>Direct Coaching Improves Call Center Training </title><link>http://www.teletech.com/news/learning-services/direct-coaching-improves-call-center-training-800465220</link><pubDate>2011-03-17T00:00:00</pubDate><content:encoded><![CDATA[ In today&#39;s business process outsourcing (BPO) industry, proper training requires diversity that takes advantage of each employee&#39;s unique strengths. Older techniques called for automated learning, using a uniform approach that was supposed to be one-size-fits-all. However, such practices are antiquated for today&#39;s BPO industry.<br/><br/>There are many tools companies can use to ensure a multi-faceted training platform that will develop a number of tools. In addition to a quality assurance program that will properly track employee development, using a eLearning software and other speech tracking software can provide real-time grading scales.<br/><br/>&quot;In line with changing employee demographics and market needs, TeleTech&#39;s newest Learning Innovation products use the principles of collaborative learning and social information exchange to enhance customer satisfaction at every stage of the customer lifecycle,&quot; Mike Jossi, TeleTech executive vice president of human capital, told InformationWeek.<br/><br/>Employing a wide array of tools will allow trainers to get a broader sense of development. With eLearning and other customer management programs, training will move beyond the stale, archaic forms of script reading and memorization into a more practical, modern solution.<br /> &nbsp;]]></content:encoded></item>		<item><title>Meaningful Data Essential to Measuring CRM Success</title><link>http://www.teletech.com/news/customer-management/meaningful-data-essential-to-measuring-crm-success-800463665</link><pubDate>2011-03-16T00:00:00</pubDate><content:encoded><![CDATA[ Companies that employ customer relationship management (CRM) strategies can get the most value out of these practices by ensuring they provide information that can be used to analyze customer behavior, according to a recent report by the Register.<br/><br/>Many CRM practices are utilized to enhance customer service, but being able to analyze customer behavior is essential to any CRM strategy as well. Marketers can use this information to predict future customer activity, including who purchases what services or products, how often purchases are made, and how much a customer will spend.<br/><br/>This type of analytics lets a business know what services or products are gaining in popularity or, in some cases, losing favor among customers. Additionally, it can help a company form a strategy that attracts repeat customers - generally an essential element to revenue streams.<br/><br/>One area of CRM that is rapidly growing is social CRM through online outlets, such as Twitter and Facebook. According to Gartner, 30 percent of enterprises will use social CRM within the next two years.]]></content:encoded></item>		<item><title>Contact Center Software Crucial to CRM Campaigns</title><link>http://www.teletech.com/news/customer-management/contact-center-software-crucial-to-crm-campaigns-800463661</link><pubDate>2011-03-16T00:00:00</pubDate><content:encoded><![CDATA[ A business&#39; customer relationship management (CRM) practices can only be successful if they also utilize a robust contact center software, a recent TMCnet report stated.<br/><br/>According to the report, too many CRM and marketing campaigns fall short because businesses are not prepared to handle the increased demand from their call centers.<br/><br/>Presumably, the goal of CRM is to drive customers toward the company. While many customers now use the internet to access company information, call centers are still very much an integral part of communication. Without contact center software in place, call center agents may not be able to retrieve information efficiently, potentially leading to a loss of customers.<br/><br/>&quot;You can avoid this nightmare when you [integrate] the right contact center software with your CRM,&quot; the report states. &quot;When you leverage this capability in a cloud-based contact center, you gain access to the latest innovations in technology available in the contact center space with just a click of the mouse.&quot;<br/><br/>As enterprise CRM continues to grow, the need for an efficient contact center will inevitably follow suit. According to a recent Gartner report, the CRM market will be worth nearly $12 billion by 2013.&nbsp;]]></content:encoded></item>		<item><title>Europe, Middle East to Pour BPO Dollars Into Philippines </title><link>http://www.teletech.com/news/enterprise-management/europe-middle-east-to-pour-bpo-dollars-into-philippines-800464334</link><pubDate>2011-03-16T00:00:00</pubDate><content:encoded><![CDATA[ <br /> European and Middle East-based companies looking to expand their business process outsourcing (BPO) will do so by investing approximately $1.5 billion into the Filipino market, GMA News reports. That figure, tallied by the Filipino Board of Investments, signifies growing interest and trust in the market from the regions.<br/><br/>BOI managing head Cristino Panlilio told GMA News that the growth is expected because European and Middle Eastern business leaders are developing stronger trust and belief in doing business with the Aquino administration.<br/><br/>Panlilo, who recently toured businesses in the Gulf region according to GMA News, told the news provider that European industry leaders will visit the Philippines in the near future to examine high-cost infrastructure projects.<br/><br/>Additionally, Middle Eastern business leaders are looking toward the Philippines for their BPO operations after continued unrest in North Africa. Panlilo told GMA News that investments from the region could top $500 million.<br /> Investments from the region will likely fall under the country&#39;s public-private partnership program, which seeks to pool government funding with private ingenuity. &nbsp;]]></content:encoded></item>		<item><title>Attention, Integrity Key to Building Customer Engagement</title><link>http://www.teletech.com/news/customer-management/attention-integrity-key-to-building-customer-engagement-800461102</link><pubDate>2011-03-15T00:00:00</pubDate><content:encoded><![CDATA[ Businesses that employ the most effective customer relationship management (CRM) practices are those that focus their attention on the clients and demonstrate the utmost integrity, one expert recently asserted.<br/><br/>Speaking at the recent North American Conference on Customer Management, Polygon Northwest director of customer services Steven Martorano stated that effective CRM practices should be designed to bring not only immediate satisfaction for a customer, but lasting engagement as well, 1to1 Media reports.<br/><br/>Businesses can achieve this, Martorano said, by making their customers feel their opinions have value to the company. This can be accomplished through several channels, including social CRM, call centers, and other means of customer service.<br/><br/>Additionally, by demonstrating integrity, a customer will be more inclined to have positive feelings about services he or she receives and be confident the services provider will act responsibly.<br/><br/>CRM adoption is on the rise, but it will only be sustainable if companies can demonstrate effective use by engaging their customers. According to a recent Gartner study, the global CRM market will be worth $12 billion by 2013.]]></content:encoded></item>		<item><title>Report: Managed Services Market Poised for Growth</title><link>http://www.teletech.com/news/contact-center-technology/report-managed-services-market-poised-for-growth-800461077</link><pubDate>2011-03-15T00:00:00</pubDate><content:encoded><![CDATA[ As the global economy continues to recover, more businesses are adopting internet protocol-based managed services to mitigate the complexity of telecom services, according to a recent report.<br/><br/>In a new study, Insight Research predicts the managed service market will experience a compound annual growth rate of 12 percent during the next four years, increasing from $29 billion in 2010 to $47 billion in 2015. This represents a significant growth over the telecommunications market, which will only see single-digit growth each year during the same time period, according to the report.<br/><br/>The managed services market growth will be driven by increased demand for internet protocol services, including voice over internet protocol (VoIP) and integrated wireless technologies. Additionally, the need to reduce staff sizes will help spur some of the growth as well.<br/><br/>&quot;Enterprises can no longer hire staff to keep up with technology changes that require them to adopt a new strategy, and managed services fits the bill,&quot; said Insight Research president Robert Rosenberg, according to Light Reading.<br/><br/>Many organizations are moving toward managed services in an effort to reduce costs and improve overall efficiency. According to a recent report by Virtela, managed services, such as VoIP and video over internet protocol, rank among the top 10 priorities for IT professionals in 2011.]]></content:encoded></item>		<item><title>Latin America Emerging as Hot Bed for BPO Activity</title><link>http://www.teletech.com/news/enterprise-management/latin-america-emerging-as-hot-bed-for-bpo-activity-800462856</link><pubDate>2011-03-15T00:00:00</pubDate><content:encoded><![CDATA[ Global businesses are in greater need for outsourcing, leading many industry leaders to map out where the next emerging market for business process outsourcing (BPO) will lead companies.<br/><br/>According to Leonardo Mongillo of IDG Connect, Latin America will be that next market. He cites U.S. expansion to the Philippines and European markets in South Asia as being flush with business, driving companies to seek a new arena.<br/><br/>Mongillo says current BPO growth is in its &quot;third wave,&quot; with Latin America serving as the location ready to capitalize. Its proximity to the United States and free trade agreements are driving more companies to the region. But, it isn&#39;t just U.S.-based companies taking advantage. Mongillo writes that Chinese-based firms and companies out of Hong Kong or looking west for their BPO solutions.<br /> <br /> According to an IDG survey, 41 percent of executives say language proficiency is drawing them to Latin America, while 48 percent stated other features such as infrastructure, technology, and skilled labor are influencing their decisions regarding Latin America. Furthermore, 83 percent of respondents said there are &quot;advantages&quot; to conducting BPO business in the region, specifically Brazil.<br /> &nbsp;]]></content:encoded></item>		<item><title>Expert: Call Center Satisfaction Important to Building Brand</title><link>http://www.teletech.com/news/customer-management/expert-call-center-satisfaction-important-to-building-brand-800459540</link><pubDate>2011-03-14T00:00:00</pubDate><content:encoded><![CDATA[ Businesses can leverage their call centers to have many of the same effects as a mass advertising campaign, but the majority of companies fail to realize this according to one expert.<br/><br/>In a recent column for 1to1 Media, Forrester Research&#39;s Kerry Bodine said human interaction can have an enormous effect on a business&#39; brand, and call centers often serve as the frontline for this interaction. In many cases, call center interactions will determine whether or not a customer decides to repeat business or recommend a company to others.<br/><br/>However, Bodine said many businesses ignore the importance of call centers. This can result in a decline in customer satisfaction, and, subsequently, adversely affect a business&#39; bottom line.<br/><br/>Bodine offered several suggestions to improve call center practices. These include making call center agents feel valued, creating a customer-centric call center culture, and recognizing the importance a functional call center can have on the overall business.<br/><br/>According to figures released earlier this year by Forrester Research, call satisfaction rates have dropped significantly since 2007. While businesses such as investment firms, banks, and credit card providers have improved call satisfaction, internet service providers, insurance providers, and airlines have seen declining rates.]]></content:encoded></item>		<item><title>IP Phone Market Rebounding After Recession</title><link>http://www.teletech.com/news/contact-center-technology/ip-phone-market-rebounding-after-recession-800459545</link><pubDate>2011-03-14T00:00:00</pubDate><content:encoded><![CDATA[ Bolstered by increased demand for voice over internet protocol (VoIP), unified communications and other hosted telephony services, the global internet protocol (IP) phone market is expected to experience significant growth during the next four years.<br/><br/>The global IP phone market took a serious hit during the economic recession. However, according to a new report by Research and Markets, the market began to rebound in 2010, and it is expected to see shipments exceed 40 million units in 2015.<br/><br/>While corded IP phone systems will remain the standard among businesses during the forecasted time period, Wi-Fi and IP-DECT will also experience growth between 2010 and 2015.<br/><br/>According to one expert, both businesses and consumers are increasing their use of IP phones to access more advanced communications, such as VoIP.<br/><br/>Access to VoIP has been among the most favored by businesses adopting IP phone solutions. Companies can use these solutions to reduce the cost of long-distance calling and also improve call center efficiency. According to a recent In-Stat report, 80 percent of businesses will use VoIP by 2013.]]></content:encoded></item>		<item><title>Why to Turn to Outsourcing</title><link>http://www.teletech.com/news/enterprise-management/why-to-turn-to-outsourcing-800460544</link><pubDate>2011-03-14T00:00:00</pubDate><content:encoded><![CDATA[ For many companies, there comes a time when the size and breadth of services may place too much responsibility for an in-house customer service team. When this occurs, companies should turn to business process outsourcing (BPO) to fill customer service needs, writes Jeff Aludo, a member of PricewaterhouseCoopers Kenya Finance, for Business Daily Africa.<br/><br/>Aludo describes the situation in Kenya, where new fiber optics and an emerging BPO market are making outsourcing an attractive business model. Aludo writes that not only will opting for a BPO solution save companies money, but it can improve overall operations by delegating that segment to a third-party source.<br/><br/>&quot;If, from [an internal] review of the operations, you determine that the quantity of service is lacking, an outsourcing company might provide services as the situation dictates at a better cost and quality than existing staffing can provide,&quot; Aludo writes.<br/><br/>The right BPO selection can also provide greater expertise in problem solving. A BPO partner can provide additional resources on a wider range of topics that can lead to quicker solutions and greater customer management. According to Aludo, if an internal review finds &quot;more pros than cons,&quot; when considering BPO, it is likely time to make the switch. &nbsp;]]></content:encoded></item>		<item><title>Social CRM Needs Visibility to Succeed, Expert Says</title><link>http://www.teletech.com/news/customer-management/social-crm-needs-visibility-to-succeed-expert-says-800455658</link><pubDate>2011-03-11T00:00:00</pubDate><content:encoded><![CDATA[ When it comes to social customer relationship management (CRM), great ideas are meant to be shared.<br/><br/>That is the opinion of CRM expert Chris Bucholtz. In a recent report for CRM Buyer, Bucholtz stated that businesses can greatly improve their social CRM innovations by making them public, rather than treating them like state secrets.<br/><br/>Bucholtz likens the rise of social CRM to that of telecommunications in the 1990s. According to Bucholtz, the telecommunications industry was more concerned with using innovation to create a competitive edge, rather than improve customer service. This, he says, leads to a misplacement of priorities and can threaten a company&#39;s return on investment.<br/><br/>To avoid this with social CRM, Bucholtz states, businesses must understand that the customer plays an important part in the company&#39;s identity. This involves input from sales, service and marketing workers, all of whom deal with different aspects of the business and see different sides of the customer. By taking this approach, and fine-tuning it, a business will see that it&#39;s the customers that set it apart from the competition.<br/><br/>Social CRM is becoming an increasingly important part of enterprise strategies. According to a recent Gartner report, the social CRM market will be worth $1 billion by 2013.]]></content:encoded></item>		<item><title>Hosted Services Speeds Enhanced by Broadband</title><link>http://www.teletech.com/news/contact-center-technology/hosted-services-speeds-enhanced-by-broadband-800455665</link><pubDate>2011-03-11T00:00:00</pubDate><content:encoded><![CDATA[ Businesses can vastly improve the speed of their internet applications and hosted services by deploying fixed broadband connections rather than Wi-Fi.<br/><br/>In a recent study of 14,000 Wi-Fi connections in the United States, the UK, Spain and Italy, research firm Epitiro found Wi-Fi connections can operate up to 30 percent slower than fixed broadband. While activities such as email and web browsing are generally not noticeably affected, more process-heavy functions, such as voice over internet protocol calling, videoconferencing, and other hosted services, can be diminished.<br/><br/>There is currently a trend among both businesses and consumers to purchase more Wi-Fi devices, such as laptops and smartphones, rather than desktop computers. As this trend continues, the research firm says internet service providers and regulators should begin to measure the customer&#39;s quality of experience in addition to quality of service.<br/><br/>&quot;With sales of wireless devices now outstripping desktop computers, it is clear that wireless connectivity is important to consumers,&quot; the report stated. &quot;It also implies that consumers have practical experience of the limitations with Wi-Fi and accept these for the benefit of mobility.&quot;<br/><br/>As businesses continue to gravitate toward Wi-Fi-enabled devices, the role of Wi-Fi will increase. According to a 2010 GIA report, the Wi-Fi-enabled electronics market will reach 3.7 billion units by 2015.]]></content:encoded></item>		<item><title>Australian BPO Industry Expects Large Savings</title><link>http://www.teletech.com/news/customer-management/australian-bpo-industry-expects-large-savings-800455479</link><pubDate>2011-03-10T00:00:00</pubDate><content:encoded><![CDATA[ A recent survey conducted by Callcentres.net found Australian-based companies expect business process outsourcing (BPO) to save them a significant amount of money in the coming years. In a survey of 54 companies, the majority of respondents believe BPO will save their businesses as much as 30 percent on operational costs.<br /> <br /> Companies are also making outsourcing more of a focus, with 24 percent of respondents stating BPO is a &quot;top 10&quot; priority for them in 2011. Currently, 60 percent of Australian companies are involved in at least one BPO practice.<br /> <br /> However, the majority of companies are keeping BPO within the country, as 73 percent of respondents said they&#39;ve hired Australian-based firms, with 13 percent partnering with companies in New Zealand. But Callcentres.net&#39;s top analyst foresees a change in that pattern.<br/><br/>&quot;As Australian businesses continue to have a strong focus on reducing operational costs there is continued growth in the outsourcing of business and customer related processes. There will also be an increase in the amount of work that will go off-shore,&quot; said Callcentres.net director Catriona Wallace.<br/><br/>The top three factors companies consider when sending their BPO overseas include service quality, quality of technology infrastructure and the accent and/or language skills of the workforce. &nbsp;]]></content:encoded></item>		<item><title>Expert: Social CRM No Longer a Novelty</title><link>http://www.teletech.com/news/customer-management/expert-social-crm-no-longer-a-novelty-800452981</link><pubDate>2011-03-10T00:00:00</pubDate><content:encoded><![CDATA[ In a recent report for ZDNet, customer relationship management (CRM) expert Graham Hill asserted that social CRM has moved beyond the point where it can be considered a luxury and has become a powerful business tool.<br/><br/>However, now that the technology has become mainstream, Hill says social CRM is at a three-way crossroads. According to Hill, the future of social CRM will see it either become another communications channel, a technology solution, or a way to build a valuable relationship with customers.<br/><br/>The latter is the ideal development, Hill states. By implementing social CRM as a means to enhance customer relationship, businesses can use feedback from customers to improve their products and services. Additionally, they can take this approach to enhance both their communications and technology solutions as well.<br/><br/>&quot;The only sustainable track is to see social CRM as an enabler for value co-creation throughout the customer and product lifecycles,&quot; Hill wrote. &quot;Unlike the other two tracks, this one starts with understanding who is involved in value co-creation and what value delivery looks like to each person.&quot;<br/><br/>Whatever the future applications of social CRM entail, there is little doubt the technology is growing in enterprise environments. According to a recent Gartner report, nearly one-third of leading enterprises will incorporate social CRM within two years.]]></content:encoded></item>		<item><title>UC Speeds Business Processes, Experts Say</title><link>http://www.teletech.com/news/contact-center-technology/uc-speeds-business-processes-experts-say-800452990</link><pubDate>2011-03-10T00:00:00</pubDate><content:encoded><![CDATA[ Speaking at the recent Enterprise Connect conference in Orlando, a panel of experts said businesses can use unified communications (UC) and internet protocol (IP) telephony technology to reduce costs and improve business process speeds, InformationWeek reports.<br/><br/>The panel, which consisted of experts from research firms and enterprise technology firms, said UC makes it easier for companies to locate personnel and contact them in more efficient ways than traditional systems. In many cases, the time saved tracking down employees or, occasionally, customers can result in reduced expenditure and improved efficiency.<br/><br/>Additionally, companies can use UC networks that feature videoconferencing technology to conduct meetings from opposites sides of the world, reducing travel expenses and making better use of company time.<br/><br/>According to the report, the experts cited one instance where a company was able to shave off an average of five minutes per meeting, which amounted to $3,700 in annual savings per user.<br/><br/>While UC has proven to be an effective tool for streamlining business processes, many companies have not yet realized its full benefits. According to a survey by Nemertes Research, which participated in the panel, only 6 percent of survey respondents said they have fully deployed UC systems.]]></content:encoded></item>		<item><title>VoIP Protection Necessary to Business Operations</title><link>http://www.teletech.com/news/contact-center-technology/voip-protection-necessary-to-business-operations-800450414</link><pubDate>2011-03-09T00:00:00</pubDate><content:encoded><![CDATA[ To get the most out of their voice over internet protocol (VoIP) solutions, businesses must ensure they are taking the necessary steps to protect themselves and their technology from abuse.<br/><br/>According to a recent CSO report, businesses must be cautious to avoid vhising and spam over internet telephony (SPIT) schemes to their VoIP solutions. Vhishing refers to telephone-based phishing scams, similar to those affecting internet users. SPIT scams, meanwhile, disrupt telephony capabilities by spamming VoIP systems with a multitude of unwanted calls.<br/><br/>While not as prevalent as email- and browser-based scams, VoIP abuse can have drastic effects on a business&#39; operations. For the most part, these and other schemes can be avoided by implementing standard firewalls and security software, the report stated. However, many companies fail to take these necessary steps, leaving them vulnerable.<br/><br/>As VoIP solutions become more common in enterprise environments, the need for security practices is apparent. According to a recent study by In-Stat, nearly 80 of all businesses will use VoIP by 2013.]]></content:encoded></item>		<item><title>SIP Trunking Spotlight at Enterprise Connect Conference</title><link>http://www.teletech.com/news/contact-center-technology/sip-trunking-spotlight-at-enterprise-connect-conference-800450407</link><pubDate>2011-03-09T00:00:00</pubDate><content:encoded><![CDATA[ Session initiated protocol (SIP) trunking received a healthy amount of focus at this year&#39;s Enterprise Connect conference in Orlando, InformationWeek reports.<br/><br/>According to the report, businesses are looking to reduce costs and consolidate their carrier trunk connection by implementing SIP trunking. The technology, which is often used within organizations that have deployed voice over internet protocol telephony, can help companies reduce long distance phone bills by routing calls over wide-area networks.<br/><br/>However, according to some of the conference&#39;s attendees, implementing SIP trunking is easier said than done. Sorrell Slaymaker, vice president of communications architecture at a Unified Communications provider, said adoption can be a multi-year process, though it is worth the return of investment.<br/><br/>Slaymaker told InformationWeek companies can save up to 70 percent transitioning to SIP trunking, but the move must be done correctly to get the full benefits. In addition to updating machines, it is also important to educate employees who may be more familiar with outdated technology.<br/><br/>Though the transition may present some initial challenges, moving to SIP trunking and other forms of internet protocol (IP) telephony can afford a company significant costs and operational benefits. According to a recent Telecom Reseller UC Networks report, businesses that understand the risk of IP telephony can deploy solutions with confidence.]]></content:encoded></item>		<item><title>Role of Social Strategist Changing With the Times</title><link>http://www.teletech.com/news/customer-management/role-of-social-strategist-changing-with-the-times-800447499</link><pubDate>2011-03-08T00:00:00</pubDate><content:encoded><![CDATA[ As the role of social media changes in enterprise environments, so are the responsibilities of corporate social strategists, according to a recent 1to1 Magazine report.<br/><br/>With the rise of social media and its increased prevalence in customer relationship management (CRM) practices, the necessity of corporate social strategists has never been more apparent.<br/><br/>For the most part, businesses are still becoming accustomed to incorporating social media into their CRM practices. As such, having an experienced social strategist can help a company leverage these technologies to improve communications and other interactions with their customers.<br/><br/>However, as social media becomes more common, the role of the social strategist may diminish, the report noted. To counteract this, 1to1 states the social strategist must remain proactive and stay on top of customer demands.<br/><br/>In recent years, more businesses have incorporated social media into their CRM practices. According to a recent Gartner report, 30 percent of leading companies will expand their use of social media and CRM in the next two years.&nbsp;]]></content:encoded></item>		<item><title>Filipino BPO Leaders Request More Cooperation</title><link>http://www.teletech.com/news/enterprise-management/filipino-bpo-leaders-request-more-cooperation-800450003</link><pubDate>2011-03-08T00:00:00</pubDate><content:encoded><![CDATA[ The business process outsourcing (BPO) industry is booming in the Philippines, leading an industry leader to call on members of the industry and lawmakers to generate greater cooperation between all entities.<br/><br/>NewsBytes Philippines reports that Oscar Sanez, chief executive officer of the Business Processing Association of the Philippines, is calling for the creation of a Public-Private Partnership that will enhance communication and resources among the government, industry leaders, and support groups to foster and harness the rapid growth of BPO in the country.<br /> <br /> Sanez expressed concern about a lack of continuity as the BPO market expands from voice services into fields like information technology, medical, and legal industries. According to the news source, the PPP initiative could lead to improved training and a stronger overhaul workforce in an industry that the BPAP forecasts will include more than 900,000 Filipino employees and $20 billion in revenue by 2016 even without the PPP.<br /> <br /> &quot;The study indicates that we can grow at an even faster rate and achieve $25 billion and 1.3 million employees by 2016 if we can significantly strengthen our Private-Public Partnership with the government, and improve both the quantity and quality of our talent supply,&quot; Sanez told the news source.&nbsp;]]></content:encoded></item>		<item><title>Filipino BPO Workforce May Get Boost From Lawmakers</title><link>http://www.teletech.com/news/learning-services/filipino-bpo-workforce-may-get-boost-from-lawmakers-800447227</link><pubDate>2011-03-08T00:00:00</pubDate><content:encoded><![CDATA[ The 24-hour nature of the Filipino business process outsourcing industry demands a strong workforce. Companies hoping to build their human capital may get a boost thanks to a bill making its way through the country&#39;s legislature. According to Business World, lawmakers are considering a bill that would lift the ban on women working late at night.<br/><br/>Currently, Filipino women cannot work the overnight shift due to safety concerns and a prohibition in the country&#39;s labor code. However, that may change should the Filipino legislature pass House Bill 4276 and Senate Bill 2701.<br/><br/>If both bills are passed, companies can open up their hiring of women for the overnight shift, an imperative part of the country&#39;s and global business process outsourcing industry.<br/><br/>&quot;[A new law] is much needed by the IT-BPO industry to facilitate the ease and convenience of doing business, especially for the contact center sector where most of the work is at night shift,&quot; Martin Crisostomo, executive director for external affairs of the Business Processing Association of the Philippines, told Business World.<br /> <br /> The bill comes after a November 2010 measure by the senate, titled Advisory 4, which mandated stricter rules for women working overnight shifts. &nbsp;]]></content:encoded></item>		<item><title>Social CRM Offers Competitive Edge, Analyst Says</title><link>http://www.teletech.com/news/customer-management/social-crm-offers-competitive-edge-analyst-says-800444859</link><pubDate>2011-03-07T00:00:00</pubDate><content:encoded><![CDATA[ Businesses can improve customer interaction and build deeper, more meaningful relationships by implementing social media and customer relationship management (CRM) technology, one expert recently asserted.<br/><br/>In an interview with ComputerWeekly.com, Gartner research director Jim Davies said many businesses fail to recognize the true benefits of social media. Rather than leveraging the technology to understand customers better, they often view it as an additional sales or promotional platform.<br/><br/>While the purpose of CRM in the past was to manage customers, social CRM is about building relationships, Davies asserted. Companies that take this approach can set themselves apart from their competitors and enhance their customer service practices.<br/><br/>&quot;Its about capturing the voice of the customer. It&#39;s that ability to listen to the customer and act on what they say,&quot; Davies said. &quot;That could be through a survey, a tweet or a conversation with a call centre agent. The key is to bring all these elements together to find out what customers are saying.&quot;<br/><br/>Social CRM is a growing trend among businesses of all sizes. According to a recent Gartner report, as many as 30 percent of leading businesses will use social CRM to enhance their customer service practices in the next two years.]]></content:encoded></item>		<item><title>FCC Looks to Improve Communications Access For Disabled People</title><link>http://www.teletech.com/news/contact-center-technology/fcc-looks-to-improve-communications-access-for-disabled-people-800444852</link><pubDate>2011-03-07T00:00:00</pubDate><content:encoded><![CDATA[ The Federal Communications Commission (FCC) recently approved a notice of proposal aimed at improving access and usability of &quot;advance communications services&quot; for disabled people.<br/><br/>With the proposal, which would amend the 21st Century Communications and Video Accessibility Act, the FCC is seeking comment on a measure that would require communications providers to ensure their solutions, such as voice over internet protocol (VoIP), video chat and mobile devices, are usable by disabled people whenever possible.<br/><br/>If approved, the FCC would reinstate rules that were overturned more than a decade ago, the National Journal reports.<br/><br/>According to FCC chairman Julius Genachowski, providing people with disabilities access to advanced communications solutions would improve their job opportunities and allow them &quot;full participation in our society and the global economy.&quot;<br/><br/>&quot;With access to broadband, an individual with disabilities can telecommute or run a business out of her home; receive remote health and job-related support; or gain access to online educational classes and digital books,&quot; Genachowski said in a statement.<br/><br/>The ability to operate advanced communications technology, such as VoIP, is an important skill for employees regardless of their skill level. According to a recent study by Virtela, VoIP ranks among the highest IT priorities for 2011.]]></content:encoded></item>		<item><title>Report: Evaluation Key to IVR Deployment</title><link>http://www.teletech.com/news/contact-center-technology/report-evaluation-key-to-ivr-deployment-800447519</link><pubDate>2011-03-07T00:00:00</pubDate><content:encoded><![CDATA[ While businesses can deploy interactive voice responses (IVR) solutions to increase productivity and improve operations, it is important a company carefully evaluates IVR solutions and providers before deploying services, according to a recent TMCnet report.<br/><br/>IVR enables businesses to streamline their customer service practices by automating some of that personal service. However, according to the report, no IVR solution is one-size-fits-all.<br/><br/>The key to effective customer service is customer satisfaction. Before deploying an IVR solution, a business must first consider what type of customers it caters to, the report states. Additionally, businesses must evaluate their daily call volumes and financial implications.<br/><br/>&quot;Companies that are using IVR solutions should understand what the clients would like to hear,&quot; the report states. &quot;Therefore, a business should not rush in to deploy any IVR solution for its customer contact system without proper evaluation in order to avoid customer dissatisfaction.&quot;<br/><br/>By utilizing IVR solutions effectively, a business can address customer needs effectively and in a cost-efficient way, the TMCnet notes.<br/><br/>More businesses are deploying IVR solutions to improve the efficiency of their call centers and automate payment processing. In an earlier report, TMCnet stated this approach can drastically improve customer satisfaction and free workers to focus on more pressing tasks.]]></content:encoded></item>		<item><title>World Bank Confirms Filipino BPO Growth  </title><link>http://www.teletech.com/news/revenue-generation/world-bank-confirms-filipino-bpo-growth-800447220</link><pubDate>2011-03-07T00:00:00</pubDate><content:encoded><![CDATA[ <br /> Economic indicators have continued to signal growth in the Filipino business processing outsourcing [BPO] industry. That notion was confirmed by the World Bank on Friday, when the international agency declared the nation&#39;s BPO sector had outpaced any losses from the tourism industry.<br/><br/>According to its study, the World Bank found that low cost, human capital, tax incentives and a welcoming BPO business climate will contribute to continued sharp gains in the industry for the foreseeable future. Additionally, the World Bank found that U.S.-based companies experienced significant savings - often up to 80 percent - by choosing a service partner in the Philippines.<br/><br/>&ldquo;The rapidly rising BPO sector is building on the natural comparative advantage of the Philippines,&rdquo; the World Bank said in a chapter of the report, titled &ldquo;Exports of Services: Lessons from the BPO and Tourism Sectors.&rdquo;<br /> <br /> The World Bank&#39;s report comes after industry figures showed the Philippines had surpassed India in terms of human capital for BPO. Additionally, the nation topped India in BPO revenue, generating $5.5 billion compared to India&#39;s $5.3 billion, with approximately 500,000 residents working in the industry. &nbsp;]]></content:encoded></item>		<item><title>Social CRM for Customer Service Usage on the Rise</title><link>http://www.teletech.com/news/customer-management/social-crm-for-customer-service-usage-on-the-rise-800442049</link><pubDate>2011-03-04T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As use and knowledge of social networks increases, social
customer relationship management (CRM) use is also expected to
increase over the next two years, according to a recent Gartner
report.<br />
<br />
Businesses are discovering they can leverage social networks, such
as Twitter and Facebook, to communicate with customers through new
and modern channels and improve their customer service. As a
result, the report stated, as many as 30 percent of leading
companies will expand their use of these networks and social
CRM.<br />
<br />
According to the report, the majority of social CRM deployments
currently take place in marketing departments. However, the
technology can also be useful as a customer service tool, enabling
companies to provide customers with quick and educated responses.
This, Gartner stated, will result in widespread usage of social CRM
across multiple departments.<br />
<br />
"Social CRM for customer service has only recently entered into the
realm of contact center infrastructure and customer service
software components, where it has been met with significant hype
despite a limited number of field deployments," said Drew Kraus,
Gartner research vice president.<br />
<br />
As social CRM deployments increase, the overall CRM market is also
expected to grow in the coming years. According to an earlier
Gartner report, social CRM will represent $1 billion of the $12
billion CRM market by 2013.</p>
]]></content:encoded></item>		<item><title>Participation, Not Saturation, Key to Social CRM</title><link>http://www.teletech.com/news/customer-management/participation-not-saturation-key-to-social-crm-800442052</link><pubDate>2011-03-04T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As social networks, such as Facebook and Twitter, continue to
account for more time spent online, it is important businesses
utilize these channels to improve their social customer
relationship management (CRM) practices, one expert recently
asserted.<br />
<br />
In a report for 1to1Media.com, CRM expert Allen Bonde noted the
rise of social networks has presented businesses with an
opportunity to enhance their marketing programs and campaigns.
However, at the same time, Bonde warns, marketers need to be
cautious to ensure they do not overstep their boundaries.<br />
<br />
According to Bonde, the keys to a successful social campaign are
reach and participation. This is a disconnect from traditional
marketing campaigns, which tend to focus on frequency.<br />
<br />
However, when it comes to social media, frequency may result in
saturation, Bonde stated. Rather than bombarding customers with
messages, it is important they participate in the messaging process
by communicating with the company. Doing so can help a customer -
or a potential customer - feel like part of the process, while also
providing the company with valuable information.<br />
<br />
Incorporating social media into CRM practices has become a
near-necessity given the technology's growing role in daily lives.
According to a recent comScore report, Facebook accounts for 11
percent of time spent online in the United States.</p>
]]></content:encoded></item>		<item><title>Challenges Still Abound in Call Center Training </title><link>http://www.teletech.com/news/learning-services/challenges-still-abound-in-call-center-training-800444591</link><pubDate>2011-03-04T00:00:00</pubDate><content:encoded><![CDATA[ Training call center employees varies from program to program, but the challenges are often uniform. By finding a solution to these challenges, trainers can streamline their efforts and maximize workplace education.<br /> <br /> According to the International Customer Management Institute, the biggest challenge is trainee engagement. Often, trainees work and learn through a computer or other technological portals. That diminishes the amount of face-to-face time an employee receives. The agency states the challenge is even more difficult if the training agent is remotely located.<br/><br/>Additionally, a remote agent significantly decreases the opportunity for feedback. Employees and trainees can optimize their training by establishing higher rates of personal interaction. Distance between the parties can affect retention rates and may cause disruption in the flow of information.<br /> <br /> Lastly, training should remain diverse. Every trainer has their program basics, but how that individual can make the sessions more inviting and engaging will go a long way toward creating productive workers. Rely on creativity instead of maneuvering through a stagnant program that doesn&#39;t capture the attention of trainees.<br/><br/>No training program is uniform, but by keeping these challenges in mind, programs will run more smoothly and produce better results. &nbsp;]]></content:encoded></item>		<item><title>Regulations Needed for Cloud-based CRM</title><link>http://www.teletech.com/news/customer-management/regulations-needed-for-cloud-based-crm-800439677</link><pubDate>2011-03-03T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As businesses continue to deploy more cloud-based solutions to
improve their customer relationship management (CRM) practices,
there is a growing need for regulations to ensure information
hosted in the cloud is adequately protected, according to a recent
TMCnet.<br />
<br />
Many consider cloud computing to be a game-changing technology for
businesses around the world. Through the cloud, companies can
access IT solutions that are flexible, scalable, and, perhaps most
important, do not strain budgets.<br />
<br />
However, as of yet, there are no legal standards dictating
transactional law and trade agreement in the cloud. This may pose a
challenge when it comes to CRM, because hosted CRM databases often
hold information about both a business and its customers, the
report stated.<br />
<br />
On the other hand, the report pointed out that reputable cloud
vendors typically provide ways for companies to encrypt their data,
so it cannot be accessed by unauthorized people. Until legal
standards are established, it is important companies using hosted
CRM solutions seek vendors who can provide the utmost data
protection.<br />
<br />
Several companies and organizations have already made steps to
establish regulations for cloud computing. Last year, for example,
one Microsoft official urged U.S. lawmakers to create rules that
govern the technology and promote security.</p>
]]></content:encoded></item>		<item><title>Hosted and Social CRM Improve Information Flow Management</title><link>http://www.teletech.com/news/customer-management/hosted-and-social-crm-improve-information-flow-management-800439672</link><pubDate>2011-03-03T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Businesses can utilize hosted customer relationship management
(CRM) solutions to enhance their customer strategy, particularly
when they are combined with social CRM, a recent TMCnet report
noted.<br />
<br />
Through social CRM, businesses can manage the flow of information
knowledge driving their customer initiatives better, the report
stated. When utilizing social CRM in correlation to hosted CRM,
that knowledge of information can be further enhanced, providing
businesses with resources to improve their customer
engagements.<br />
<br />
The combination of the two strategies gives companies the
opportunity to make the most of their products and provide
customers with informed and knowledgeable answers. Additionally,
when used effectively, the solutions can allow companies to provide
information that goes beyond customer expectations, the report
stated.<br />
<br />
"This is truly the concept that is behind hosted CRM as it allows
you to better manage the information that is shared with your
customer base," wrote TCMnet's Susan Campbell. "The combination of
this approach with your social CRM strategy can help to ensure you
get the most out of every interaction while your customers build
their loyalty to you and your company."<br />
<br />
Both hosted and social CRM are playing larger roles in businesses
today than in the past. According to a recent Gartner report, 31
percent of surveyed companies expect to increase spending on CRM
software in 2011.</p>
]]></content:encoded></item>		<item><title>BPO Industry Physically Changing Filipino Landscape</title><link>http://www.teletech.com/news/enterprise-management/bpo-industry-physically-changing-filipino-landscape-800441919</link><pubDate>2011-03-03T00:00:00</pubDate><content:encoded><![CDATA[ The bursting business process outsourcing market in the Philippines is not only supplying thousands of new jobs, but it is physically changing the landscape of the country. In response to greater demand for workers, new offices and complexes wholly devoted to the BPO industry are popping up throughout the country.<br/><br/>According to Business World magazine, developers are already crafting plans for a complex that will feature 20 apartment buildings and 50 subdivisions almost entirely built for younger BPO employees. Meanwhile, contractors in Manila recent unveiled plans for green buildings that will house BPO offices in the city&#39;s Megaworld complex.<br/><br/>Rigoberto Santos, vice president of Oceanic property management, said that the green initiatives, as well as other projects, are simply ways for Manila and other cities in the country to keep up with the pace of demand. Furthermore, the Manila Bulletin Publishing Corporation reports that the business process outsourcing industry is creating annual demands of 250,000 square feet of new office space and is responsible for the majority of investments in new construction projects. &nbsp;]]></content:encoded></item>		<item><title>BPO Industry Physically Changing Filipino Landscape</title><link>http://www.teletech.com/news/revenue-generation/bpo-industry-physically-changing-filipino-landscape-800441919</link><pubDate>2011-03-03T00:00:00</pubDate><content:encoded><![CDATA[ The bursting business process outsourcing market in the Philippines is not only supplying thousands of new jobs, but it is physically changing the landscape of the country. In response to greater demand for workers, new offices and complexes wholly devoted to the BPO industry are popping up throughout the country.<br/><br/>According to Business World magazine, developers are already crafting plans for a complex that will feature 20 apartment buildings and 50 subdivisions almost entirely built for younger BPO employees. Meanwhile, contractors in Manila recent unveiled plans for green buildings that will house BPO offices in the city&#39;s Megaworld complex.<br/><br/>Rigoberto Santos, vice president of Oceanic property management, said that the green initiatives, as well as other projects, are simply ways for Manila and other cities in the country to keep up with the pace of demand. Furthermore, the Manila Bulletin Publishing Corporation reports that the business process outsourcing industry is creating annual demands of 250,000 square feet of new office space and is responsible for the majority of investments in new construction projects. &nbsp;]]></content:encoded></item>		<item><title>Social CRM Outsourcers Stand to Gain From Telecoms, Tourism</title><link>http://www.teletech.com/news/customer-management/social-crm-outsourcers-stand-to-gain-from-telecoms-tourism-800436684</link><pubDate>2011-03-02T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As businesses in the telecommunications and hospitality sectors
increase their use of social media, they present a profitable
opportunity for social customer relationship management (CRM)
outsourcers, according to research firm Ovum.<br />
<br />
In a recent report, Ovum found 57 percent of telecoms currently use
social CRM to communicate with customers and employees.
Additionally, 54 percent of travel and tourism companies have
deployed social CRM solutions.<br />
<br />
However, despite the increased adoption of social CRM, many
companies do not yet know how to make the most out of the
technology, Ovum analyst Peter Ryan stated. For this reason, many
telecoms and hospitality organizations will turn to outsourcers to
enhance their CRM practices.<br />
<br />
"Many enterprises that are looking for social media CRM
applications do not have a clear idea of what they actually need
and are more concerned with being thought of as a market leader,"
Ryan said. "This provides an excellent opportunity for CRM
outsourcers to help their clients define what is needed for their
business."<br />
<br />
In addition to telecoms and hospitality organizations, many
industries are increasing their use of social CRM. According to a
recent Gartner report, social CRM will represent $1 billion of the
$12 billion CRM market by 2013.</p>
]]></content:encoded></item>		<item><title>Organizations See CRM Benefits from Cloud-based Outsourcing</title><link>http://www.teletech.com/news/contact-center-technology/organizations-see-crm-benefits-from-cloud-based-outsourcing-800436681</link><pubDate>2011-03-02T00:00:00</pubDate><content:encoded><![CDATA[ As companies continue to increase their adoption of cloud computing, many are utilizing the technology to enhance their outsourcing and customer relationship management (CRM) solutions, according to a recent study by the International Association of Outsourcing Professionals (IAOP).<br/><br/>In its annual member survey, the IAOP found two-thirds of outsourcing customers currently or have plans to utilize cloud computing solutions. Of those surveyed, 80 percent indicated their organization intended to deploy more outsourcing services in 2011.<br/><br/>Many indicated they plan to use cloud-based outsourcing solutions for CRM, human resources and other administrative services.<br/><br/>The main benefits of cloud computing cited by the survey respondents included increased flexibility and achieving cost savings, the report stated.<br/><br/>&ldquo;Cloud-based outsourcing is emerging as one of the biggest changes underway in the outsourcing delivery model,&rdquo; said IAOP chairman Michael Corbett. &ldquo;Speed and flexibility are the biggest benefit customers see in these solutions.&quot;<br/><br/>In addition to outsourcing, companies are turning to the cloud to access on-demand software, scalable data storage, and various call center solutions. According to a recent MarketsandMarkets report, the global cloud computing market will reach $121.1 billion by 2015.]]></content:encoded></item>		<item><title>New Data Shows Continued Expansion In Outsourcing</title><link>http://www.teletech.com/news/revenue-generation/new-data-shows-continued-expansion-in-outsourcing-800439071</link><pubDate>2011-03-02T00:00:00</pubDate><content:encoded><![CDATA[ <br /> The business process outsourcing industry continues to expand at rates that have pushed the sector well beyond where it was in 2008. According to research released by the Everest Group on Wednesday, the global BPO market grew at an annualized rate of 6 percent in 2010 when compared to 2008. Additionally, the volume of transactions reached a 36-month high during the fourth quarter of last year.<br/><br/>According to the data, BPO transaction volumes grew at a 5 percent annualized rate compared to 2008, while ITO ballooned at a 12 percent annualized rate under the same metric.<br/><br/>The Everest Group found that traditional markets drove the increases, including banking, financial services and insurance. North America was the leading location of BPO and IT outsourcing growth.<br/><br/>&ldquo;There is a positive growth outlook for the global sourcing market in the near term, driven by renewals and expanding scope of existing contracts, tapping into new buyers in new geographies and expanded use of global sourcing,&rdquo; said Eric Simonson, managing partner of Research. &ldquo;Demand from North America is likely to pick up with recovery &hellip; and demand from Europe should pick up also.&quot;]]></content:encoded></item>		<item><title>Collective Behavior an Important Aspect of Social Media</title><link>http://www.teletech.com/news/customer-management/collective-behavior-an-important-aspect-of-social-media-800433644</link><pubDate>2011-03-01T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Businesses that utilize social media to facilitate collective
behavior have the potential to enhance their customer relationship
management (CRM) efforts greatly, according to a recent report by
research firm Gartner.<br />
<br />
Social media gives businesses opportunities to improve their
operational effectiveness by affording them resources to assemble
information from a relatively small community and turn it into a
larger accumulation of knowledge, Gartner stated.<br />
<br />
Additionally, companies can use the technology, such as social
networks and blogs, to build a relationship with their customer
base and create brand awareness, Gartner asserts. This, according
to the report, is a cost-effective and lower-risk form of
CRM.<br />
<br />
However, according to Gartner, many businesses fail to recognize
the importance of using social media for collective behavior
applications. Without this focus, social media initiatives often
result in wasted efforts.<br />
<br />
"Enterprises that understand the importance of harnessing the power
of collective behaviors to drive positive business change will be
the ultimate winners with social media," said Gartner vice
president Anthony Bradley. "Those that focus on implementing social
media technologies will be the losers."<br />
<br />
Businesses must realize how to implement social media into their
operations to stay relevant in an increasingly online world.
According to a 2010 Nielsen report, Americans spend 22.7 percent of
their time online on social networks.</p>
]]></content:encoded></item>		<item><title>Cloud Computing Boosts Call Center Practices</title><link>http://www.teletech.com/news/contact-center-technology/cloud-computing-boosts-call-center-practices-800433640</link><pubDate>2011-03-01T00:00:00</pubDate><content:encoded><![CDATA[ Contact centers can adopt cloud computing technology to enhance their communications productivity and substantially reduce operating costs, a recent report stated.<br/><br/>According to TMCnet, contact centers are among the biggest beneficiaries of cloud computing, which enables users to deploy IT solutions, such as software, storage, and other services, through the internet rather than on premise. By using cloud services, contact center can access flexible solutions that are easy and cost-effective to deploy, the report states.<br/><br/>One cloud feature pointed out by TMCnet is screen pop. According to the report, cloud-based screen pop enables a contact center operator to access customer data quickly, giving them to ability to conduct an informed and pertinent conversation with callers.<br/><br/>&quot;Having this key feature readily available is essential to a well-run, customer-retaining contact center,&quot; the report states. &quot;As any veteran contact center operator will attest, without the customer data displayed to the agent&rsquo;s desktop in a &#39;screen-pop,&#39; customer service suffers and add-on sales potential diminishes.&quot;<br/><br/>Investments in cloud computing are increasing as businesses realize the potential productivity and economical benefits of the technology. According to a 2010 MarketsandMarket report, the global cloud computing market will reach $121.1 billion by 2015.]]></content:encoded></item>		<item><title>Business Process Outsourcing Leads Boom In One Chinese City </title><link>http://www.teletech.com/news/revenue-generation/business-process-outsourcing-leads-boom-in-one-chinese-city-800435656</link><pubDate>2011-03-01T00:00:00</pubDate><content:encoded><![CDATA[ The growth of business process outsourcing in the Asia-Pacific market has led to significant economic growth in one Chinese city. According to China Briefing, the city of Dalian enjoyed $8.1 billion in revenue last year, in large part due to its growing BPO presence. Additionally, the city experienced $1.8 billion in export revenues, corresponding to respective growth rates of 33.7 percent and 28.6 percent.<br/><br/>The news source also reports that 56 of the city&#39;s 941 professional service and service outsourcing companies have entered the list of Fortune 500 companies. In response, the Chinese government is contemplating new BPO infrastructure that projects $15.2 billion in output, while drawing in $7.6 billion in new business over the next five years.<br/><br/>Additionally, Dalian is experiencing diverse growth in its outsourcing industry, including the rise of financial and insurance services, digital trade, internet services, industrial design and other sectors.<br/><br/>Dalian is also expanding its global reach by going beyond the reliable Japanese market. According to China Briefing, the city hopes to attract new business in Europe and North America.<br /> &nbsp;]]></content:encoded></item>		<item><title>Asia-Pacific BPO Market Expanding After 2009 Slowdown </title><link>http://www.teletech.com/news/revenue-generation/asia-pacific-bpo-market-expanding-after-2009-slowdown-800435664</link><pubDate>2011-03-01T00:00:00</pubDate><content:encoded><![CDATA[ The global recession had a significant impact on all industries, and business process outsourcing was no more immune to it than any other sector. However, the market for BPO is once again growing at a strong rate, according to TMCnet. The news source found that the Asia-Pacific BPO market revenue increased by $334 million during the first half of 2010.<br /> <br /> Additionally, the BPO market for this part of the globe demonstrated 5 to 7 percent growth for all of 2010, signifying that demand and capacity are back to pre-recession levels and growing. Those figures come after the global BPO market declined 12 percent during 2009.<br/><br/>&quot;Rising interest in cloud computing has also spurred the hosted contact center market in the region,&quot; said Krishna Baidya, industry manager for Frost &amp; Sullivan, in a statement.<br/><br/>According TMCnet, some of the strongest growth came out of China, Indonesia and Vietnam, where the need for call centers with 50 to 100 seats is growing rapidly. Meanwhile, Frost &amp; Sullivan projects hosted call center capacity to grow 15.4 percent by 2016.<br /> &nbsp;]]></content:encoded></item>		<item><title>TeleTech Recognized as an Industry Leader For Third Straight Year</title><link>http://www.teletech.com/news/customer-management/teletech-recognized-as-an-industry-leader-for-third-straight-year-800430052</link><pubDate>2011-02-28T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>TeleTech, a global leader in all-inclusive enterprise networking
solutions, was recognized as a member of the 2011 Global
Outsourcing 100 for the third consecutive year. Friday's
announcement came at the the Outsourcing World Summit, which is
hosted by the International Association of Outsourcing
Professionals.<br />
<br />
At the event, TeleTech was distinguished for its comprehensive
customer and enterprise solutions, which can elevate existing
corporate management into an organization that competes within the
global business process outsourcing community.<br />
<br />
"TeleTech serves as a trusted advisor to envision and execute
best-in-class solutions that deliver at every stage of the customer
lifecycle," said Ken Tuchman, chairman and chief executive officer
of TeleTech. "Our strategic consulting and delivery execution
capabilities position us to be a full service provider for leading
brands … We are pleased to again be included among the world´s best
outsourcing service providers."<br />
<br />
The company's long-time commitment to customer innovation,
technology, revenue generation and learning solutions has made
TeleTech one of the world's best providers of outsourcing
management, leading to its continued distinction by the IAOP.</p>
]]></content:encoded></item>		<item><title>Traditional Strategies Can Enhance Social CRM</title><link>http://www.teletech.com/news/customer-management/traditional-strategies-can-enhance-social-crm-800430165</link><pubDate>2011-02-28T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>While social customer relationship management (CRM) is a
relatively new technology, businesses can still rely on traditional
CRM approaches to ensure it is used effectively, a recent CRMBuyer
report suggested.<br />
<br />
Because social CRM has to be tailored to a specific business'
needs, it is difficult to develop best practices for the
technology, the report states. But this does not suggest there is
nothing to be learned from proven approaches.<br />
<br />
Profile building and channel scoring are both strategies used in
traditional CRM that can also be applied to social CRM, according
to CRMBuyer. Additionally, engaging employees is a meaningful way
to improve social CRM practices.<br />
<br />
Many businesses forget to consider social CRM as a two-way channel,
the report suggests. But interacting with customers is actually a
crucial aspect of CRM.<br />
<br />
"Understanding that these two-way interactions can have an impact
on potential customers' readiness to buy and on their view of your
business ... can not only translate into leads and potential sales,
but also highlight how social CRM investments can pay off in
concrete and measurable ways," the report states.<br />
<br />
Social CRM has become a integral part of how businesses interact
with their customers. According to a recent Gartner report, social
CRM will represent $1 billion of the $12 billion CRM market in
2012.</p>
]]></content:encoded></item>		<item><title>Study: Enterprise Telephony Market Grew in 2010</title><link>http://www.teletech.com/news/contact-center-technology/study-enterprise-telephony-market-grew-in-2010-800430156</link><pubDate>2011-02-28T00:00:00</pubDate><content:encoded><![CDATA[ The enterprise telephony market posted its third consecutive quarter of growth in fourth quarter of 2010, suggesting the market may finally be recovering after the economic recession, according to a recent Infonetics Research report.<br/><br/>The study found the market ended the year strong with a 7.4 percent increase over 2009.<br/><br/>According to Infonetics, the recovery was due in large part to the transition from time-division multiplexing (TDM) to internet protocol (IP) telephony systems, such as as voice over internet protocol (VoIP).<br/><br/>Additionally, the private branch exchange (PBX) and unified communications market reached $8.3 billion in 2010, up from $7.7 billion in 2009. This was driven by growth in enterprise telephony equipment sale, particularly in Central and Latin America, where PBX spending grew by 20 percent in the fourth quarter.<br/><br/>In North America, PBX spending dropped 5 percent. Nevertheless, the region represented the biggest contributor to the enterprise telephony market, the report states.<br/><br/>Both businesses and consumers are adopting new telephony systems, such as VoIP and PBX, to replace their legacy systems. Twenty-two percent of consumer broadband lines now feature VoIP, TMCnet recently reported.]]></content:encoded></item>		<item><title>TeleTech Recognized as an Industry Leader For Third Straight Year</title><link>http://www.teletech.com/news/enterprise-management/teletech-recognized-as-an-industry-leader-for-third-straight-year-800430052</link><pubDate>2011-02-28T00:00:00</pubDate><content:encoded><![CDATA[ TeleTech, a global leader in all-inclusive enterprise networking solutions, was recognized as a member of the 2011 Global Outsourcing 100 for the third consecutive year. Friday&#39;s announcement came at the the Outsourcing World Summit, which is hosted by the International Association of Outsourcing Professionals.<br/><br/>At the event, TeleTech was distinguished for its comprehensive customer and enterprise solutions, which can elevate existing corporate management into an organization that competes within the global business process outsourcing community.<br/><br/>&quot;TeleTech serves as a trusted advisor to envision and execute best-in-class solutions that deliver at every stage of the customer lifecycle,&quot; said Ken Tuchman, chairman and chief executive officer of TeleTech. &quot;Our strategic consulting and delivery execution capabilities position us to be a full service provider for leading brands &hellip; We are pleased to again be included among the world&acute;s best outsourcing service providers.&quot;<br/><br/>The company&#39;s long-time commitment to customer innovation, technology, revenue generation and learning solutions has made TeleTech one of the world&#39;s best providers of outsourcing management, leading to its continued distinction by the IAOP.]]></content:encoded></item>		<item><title>Graduation Rate in IT Field Reinforces Need For More Training</title><link>http://www.teletech.com/news/learning-services/graduation-rate-in-it-field-reinforces-need-for-more-training-800427363</link><pubDate>2011-02-28T00:00:00</pubDate><content:encoded><![CDATA[ Training is a necessary part of every technological field, but if employers are to maximize their future workers, they need to focus on stronger training. That&#39;s because an increasing number of graduates in the information technology and telecommunications industry lack the proper skill set to become leaders in the field.<br/><br/>According to a survey from The Open University, 43 percent of corporate respondents in the U.K. said they lacked suitable candidates to handle their respective fields, including relationship management, business process analysis and project and program management.<br/><br/>&quot;With the future U.K. IT growth likely to focus primarily on high-value business-focused roles, it&#39;s vital for the future economic contribution of our sector that work-based learning is incorporated into the development of our IT professionals right from the start,&quot; Kevin Streater, executive director for IT and telecoms at The Open University, told Computer Weekly.<br/><br/>The report comes after Robert Walters, an international recruitment firm, found increased demand for IT professionals. The confluence of these issues could be solved by implementing a learning service program such as TeleTech&#39;s newly released Social Learning and Simulated Learning tools. &nbsp;]]></content:encoded></item>		<item><title>Business Process Outsourcing to Spark Filipino Economic Expansion</title><link>http://www.teletech.com/news/customer-management/business-process-outsourcing-to-spark-filipino-economic-expansion-800424386</link><pubDate>2011-02-25T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>On Wednesday, the World Bank announced projections that call for
the economy of the Philippines to expand by 5 percent or more in
2011 and 2012. Within that figure, the global financial institution
stated that business process outsourcing will be a driving force
behind the expansion.<br />
<br />
"Strong private investment in the fourth quarter of 2010 and
bullish business confidence are encouraging signs that the economy
can attract investments needed to boost potential growth and
generate more jobs," Bert Hofman, country director of the World
Bank for the Philippines, said in the bank's latest Philippine
Quarterly Update, released Wednesday.<br />
<br />
However, there is some conflict in the numbers, according to the
Philippine Daily Inquirer. The paper reports that the World Bank's
projections fall below the 7.3 percent and 7.8 percent growth the
Filipino government calls for this year and the next.<br />
<br />
Despite conflicting projections, there is little to no doubt that
business process outsourcing is having a significant effect on the
Filipino economy. According to the Cebu Daily Times, the island
nation will be home to a large portion of the 9.7 percent global
growth in the BPO and hosted technology market.</p>
]]></content:encoded></item>		<item><title>Social CRM More About Relationship than Management</title><link>http://www.teletech.com/news/customer-management/social-crm-more-about-relationship-than-management-800427245</link><pubDate>2011-02-25T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As more companies adopt social customer relationship management
(CRM) practices, it is important to remember that social CRM should
focus more on the relationship rather than management, according to
one expert.<br />
<br />
CRM expert Bertrand Duperrin recently stated social CRM should be
considered a two-way channel of communication, rather than just a
means for companies to spread their message, IT Business Edge
reports. And while the primary purpose of social CRM is still to
sell services and products, it should be utilized as a platform of
conversation between company and customer.<br />
<br />
Additionally, Duperrin points out that social CRM is not
necessarily a social network, like Twitter or Facebook. By focusing
on the relationship aspect, social CRM can include phone
conversations, face-to-face meetings, or any interactions.<br />
<br />
"Social CRM is not a matter of media but a new approach to a
customer that has become a stakeholder and an active player of a
value co-creation processus," Duperrin recently stated on his
blog.<br />
<br />
Social CRM has become a tool utilized by many companies to enhance
their customer relationships. Paul Greenberg, a social CRM expert,
recently stated social CRM is breaking the mold of traditional CRM
practices by adding meaningful change to workflows and social
processes.</p>
]]></content:encoded></item>		<item><title>Customer Services Market Rebounding in APAC, Study Finds</title><link>http://www.teletech.com/news/contact-center-technology/customer-services-market-rebounding-in-apac-study-finds-800427250</link><pubDate>2011-02-25T00:00:00</pubDate><content:encoded><![CDATA[ After a double-digit decline in 2009, the contact center applications market in Asia-Pacific righted itself and experienced a significant recovery in 2010, according to a recent Frost &amp; Sullivan report.<br/><br/>Due to the economic downturn, the market slipped 12 percent in 2009, the study found. However, in the first half of 2010, the market made a notable comeback, earning $334.5 million in revenue.<br/><br/>Developing markets, such as India, China, Indonesia, and Vietnam, saw increased demand for customer service. In particular, increased interest in cloud computing helped propel demand for hosted contact center services in the region, the report stated.<br/><br/>Frost &amp; Sullivan predicts the contact center applications market grew by 5 to 7 percent in 2010, but it has not yet reported figures from the second half of the year.<br/><br/>The call center services market worldwide was thrown off course by the recent economic recession. However, as it begins to recover, the market is expected to reach revenues of $189.3 billion by 2015, according to a recent report by Global Industry Analysts.]]></content:encoded></item>		<item><title>How to Diversify a Call Center Training Program </title><link>http://www.teletech.com/news/learning-services/how-to-diversify-a-call-center-training-program-800424286</link><pubDate>2011-02-25T00:00:00</pubDate><content:encoded><![CDATA[ All call center training programs have the same basic premise - prepare the employee for the job. However, every program reaches a point where it needs to fine-tuned, reworked or simply updated. But how is a trainer to know what approach is best? Don Peppers and Martha Rogers, founders of the Peppers &amp; Rogers Group, offered a few tips to TechTarget that can modernize a program while retaining maximum benefit.<br/><br/>Trainers should consider utilizing different mediums. Rather than just have trainees watch a slideshow and conduct roleplaying activities, trainers should incorporate multimedia platforms and &quot;blended media formats.&quot;<br/><br/>Additionally, the duo suggests introducing social media into the program. The technology is making its way into all forms of business, so educating trainees through interactive, social media-based solutions could enhance team-based learning.<br/><br/>Lastly, Peppers and Rogers suggest bringing in an outside professional who can not only further educate trainees on best practices, but motivate a class by lauding the benefits a successful team can provide to each employee.<br/><br/>Different methods will lead to different results, but the theme remains the same. To avoid a stagnant program that loses its ability to develop the most prepared workers, trainers should always consider ways to spruce up their programs. &nbsp;]]></content:encoded></item>		<item><title>Expert: Social Data Requires New Management Tools</title><link>http://www.teletech.com/news/customer-management/expert-social-data-requires-new-management-tools-800424462</link><pubDate>2011-02-24T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>While businesses are afforded a wealth of advantages by
utilizing social customer relationship management (CRM) solutions,
they can often present problems when it comes to data management.
According to one expert, managing new media calls for new
solutions.<br />
<br />
In a recent MyCustomer.com report, IDC's Michael Fauscette said
there is an "explosion of big data" generated through social CRM
solutions, such as blogs, wikis, and video sharing sites. Because
this data is generally unstructured or semi-structured, traditional
tools, such as text analytics, don't work well for social
content.<br />
<br />
Instead, Fauscette suggests, businesses should adopt analytic tools
that he refers to as "socialytics," which are specifically designed
for social data.<br />
<br />
According to Fauscette, socialytics enable businesses to collect
data from both public and private social channels by utilizing
analytic tools that are built for specific functions.<br />
<br />
"Socialytics includes tools and applications that are either
purpose built to analyze social data or may act on social data in a
more generalized fashion as another form of data input," Fauscette
wrote.<br />
<br />
The ability to store social data effectively is becoming
increasingly important as businesses utilize more social CRM to
communicate with customers. According to a recent Gartner report,
the social CRM market will reach $1 billion by 2013.</p>
]]></content:encoded></item>		<item><title>Report: UC Can Improve CRM Practices</title><link>http://www.teletech.com/news/customer-management/report-uc-can-improve-crm-practices-800424446</link><pubDate>2011-02-24T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As businesses deploy more social media initiatives to improve
their customer relationship management (CRM) practices, many
require new technology to be able to operate in an increasingly
connected world.<br />
<br />
According to a recent TMCnet report, one tool that can help
businesses handle the "tide of constant notifications" is unified
communications (UC). UC provides a means for call center agents to
interface with phone calls, email, instant messages, and social
media channels. Through UC, companies can ensure not only their
traditional call centers operate more efficiently, but their social
CRM practices as well.<br />
<br />
"Being able to quickly and effectively respond to concerns in the
social media space requires a more flexible communication solution
than traditional management systems," the report states. "Because
your customer base is connected 24 hours a day, you need a
workforce that is just as ready to field alerts from phone, email,
[instant messages], and social media too."<br />
<br />
The UC market took a significant hit during the economic recession,
as many businesses suspended IT spending growth in an effort to
control costs. However, according to a recent Infonetics report,
the enterprise telephony and UC market is now experiencing a steady
recovery, growing 7.4 percent in 2010.</p>
]]></content:encoded></item>		<item><title>Gartner: Cloud Computing for BPM on the Rise</title><link>http://www.teletech.com/news/enterprise-management/gartner-cloud-computing-for-bpm-on-the-rise-800424435</link><pubDate>2011-02-24T00:00:00</pubDate><content:encoded><![CDATA[ Just as cloud computing has become a solution for customer relationship management and other enterprise processes, a recent Gartner study found the technology is also being increasingly deployed for business process management (BPM) initiatives.<br/><br/>According to Gartner, cloud computing for BPM is not as widespread as other cloud services, such as online storage and web-based email, but in a survey of 593 end-user organizations, 40 percent of respondents indicated they use the cloud for at least 10 percent of their BPM projects.<br/><br/>The trend toward cloud-based BPM is driven by businesses&#39; goal of reducing costs through consolidated applications and standardizing business process, the report stated. Additionally, businesses are deploying cloud solutions to improve control and management processes.<br/><br/>&quot;Many business process improvement leaders are looking to understand how cloud services and cloud platforms can help them improve business processes within their organizations, as well as inter-enterprise processes that touch partners, suppliers, and customers,&quot; said Gartner research vice president Michele Cantara.<br/><br/>In recent years, cloud computing has become one of the most sought-after technologies for businesses looking to access high-level IT solutions while also controlling costs. According to a 2010 MarketsandMarkets report, the cloud market will hit $121.1 billion by 2015.]]></content:encoded></item>		<item><title>Report: CRM Communication Channels Continue to Change</title><link>http://www.teletech.com/news/customer-management/report-crm-communication-channels-continue-to-change-800421479</link><pubDate>2011-02-22T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>As enterprise technology continues to evolve, so do the
communication channels companies employ to reach their customers, a
recent CRMBuyer report stated.<br />
<br />
According to the report, companies have deployed a multitude of new
customer relationship management (CRM) tools to communicate with
their customers more effectively. At the same time, however, many
companies are still holding onto the old solutions that have proven
useful.<br />
<br />
New solutions, including social CRM, social media, and
videoconferencing, can be effective for getting a message out
quickly and to a large number of people. On the other hand, proven
standbys, including face-to-face meetings, postal correspondence,
and phone calls, can add a personal touch to CRM.<br />
<br />
According to the report, a multichannel approach is the preferred
method by most organizations. Combining new CRM tools with legacy
methods can ensure the best of both worlds - giving companies the
chance to communicate to a wide range of customers, while also
keeping things personal when needed.<br />
<br />
One modern solution many businesses are deploying is social CRM.
According to a recent Forrester Research report, social CRM further
enhances a business' relationship with its customers and also
provides it another outlet to direct its message.</p>
]]></content:encoded></item>		<item><title>Study: VoIP, Cloud Solutions Rank as Top IT Priorities for 2011</title><link>http://www.teletech.com/news/contact-center-technology/study-voip-cloud-solutions-rank-as-top-it-priorities-for-2011-800421480</link><pubDate>2011-02-22T00:00:00</pubDate><content:encoded><![CDATA[ As organizations look to deploy IT solutions that maximize their efficiency while also reducing costs, many will implement voice over internet protocol (VoIP) and cloud computing services in 2011, according to a new study by Virtela.<br/><br/>In a survey of 400 IT professionals, 10 percent of respondents indicated cloud solutions were a top priority for 2011. Meanwhile, VoIP and video over internet protocol were ranked by 8 percent of respondents.<br/><br/>The study also found businesses expect more from their managed and hosted service providers. According to the report, service providers need to improve their flexibility, delivery and management to suit their customers&#39; needs more effectively.<br/><br/>&quot;These survey results validate that there is room for all managed service providers to better understand the needs of their customers, improve service delivery, and ensure timely communication when issues surface,&quot; said Virtela chief executive officer B.V. Jagadeesh.<br/><br/>Even as IT budgets increase after nearly two years of no growth, many companies are investing in technology that helps control costs. Research firm Gartner recently predicted global IT spending would increase 5.1 percent to $3.6 trillion in 2011.]]></content:encoded></item>		<item><title>Energy Provider Picks TeleTech to Provide Technology Services </title><link>http://www.teletech.com/news/contact-center-technology/energy-provider-picks-teletech-to-provide-technology-services-800415699</link><pubDate>2011-02-22T00:00:00</pubDate><content:encoded><![CDATA[ TeleTech, an industry leader in technology-enabled, customer-centric business process outsourcing solutions, was this week tabbed by one of the largest energy providers in North America to head its hosted technology, eLearning and cloud-based services.<br/><br/>The provider and TeleTech have entered into a multi-year contract, during which TeleTech will help the company transition from a legacy infrastructure to a cloud-based, hosted technology solution. The new platform will help the energy company to manage the service through front- and back-office employees.<br/><br/>&quot;In today&#39;s competitive environment, leading companies select TeleTech because of our singular focus on implementing solutions that optimize the customer experience,&quot; Carol Kline, TeleTech&rsquo;s chief information officer, said in a statement. &quot;Our Hosted Technology solutions provide an end-to-end, best-in-class customer management capability that facilitates efficient and effective customer interactions across all touchpoints.&quot;<br/><br/>One of the more engaging elements of the partnership will be the installation of TeleTech&#39;s Learning Innovation solution. Its adoption will allow the energy provider to enhance its employee and management training in a unique learning environment through online and in-person seminars. Learning Innovation will also improve the consistency and communication between different segments of the provider&#39;s business.&nbsp;]]></content:encoded></item>		<item><title>Energy Provider Picks TeleTech to Provide Technology Services </title><link>http://www.teletech.com/news/learning-services/energy-provider-picks-teletech-to-provide-technology-services-800415699</link><pubDate>2011-02-22T00:00:00</pubDate><content:encoded><![CDATA[ TeleTech, an industry leader in technology-enabled, customer-centric business process outsourcing solutions, was this week tabbed by one of the largest energy providers in North America to head its hosted technology, eLearning and cloud-based services.<br/><br/>The provider and TeleTech have entered into a multi-year contract, during which TeleTech will help the company transition from a legacy infrastructure to a cloud-based, hosted technology solution. The new platform will help the energy company to manage the service through front- and back-office employees.<br/><br/>&quot;In today&#39;s competitive environment, leading companies select TeleTech because of our singular focus on implementing solutions that optimize the customer experience,&quot; Carol Kline, TeleTech&rsquo;s chief information officer, said in a statement. &quot;Our Hosted Technology solutions provide an end-to-end, best-in-class customer management capability that facilitates efficient and effective customer interactions across all touchpoints.&quot;<br/><br/>One of the more engaging elements of the partnership will be the installation of TeleTech&#39;s Learning Innovation solution. Its adoption will allow the energy provider to enhance its employee and management training in a unique learning environment through online and in-person seminars. Learning Innovation will also improve the consistency and communication between different segments of the provider&#39;s business.&nbsp;]]></content:encoded></item>		<item><title>Simulation Often the Best Platform for Training</title><link>http://www.teletech.com/news/learning-services/simulation-often-the-best-platform-for-training-800421896</link><pubDate>2011-02-22T00:00:00</pubDate><content:encoded><![CDATA[ <br /> Call center employees learn the best ways to handle their jobs through many approaches, but a new study from the Georgia Institute of Technology revealed that simulation-based training tops them all. The practice includes a simulation program that will help develop skill sets without having to use the time of experienced agents to help trainees, according to Multichannel Merchant.<br/><br/>In many call centers, trainers rely on including more veteran call center operators to roleplay with trainees, allowing the inexperienced to develop their practices while sitting across from tenured workers. Instead of participating in such practices, newer employees are more likely to benefit from a simulation program that will teach them the same skills while allowing experienced workers to remain on the job.<br/><br/>According to the Georgia Tech study, those who trained using a simulation-based program managed calls that were 13 percent shorter on average compared to the group that used traditional methods. Additionally, those who went through simulation-based training demonstrated a more positive tone with customers.<br/><br/>Simulation-based training may not fit every company, but these results taken from two Fortune 50 companies reveals that the technology has the potential for tangible improvements in two significant areas of call center operations.]]></content:encoded></item>		<item><title>Newly Passed Bill to Boost Filipino BPO</title><link>http://www.teletech.com/news/customer-management/newly-passed-bill-to-boost-filipino-bpo-800404345</link><pubDate>2011-02-16T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Filipino lawmakers recently passed a data privacy bill that is
expected to boost the country's business process outsourcing
industry. According to NewsBytes magazine, the newly minted Data
Privacy Act will ensure that data collection will be subject to
government oversight while mandating nationwide standards regarding
its practice.<br />
<br />
The publication reports that BPO leaders in the Philippines put
their support behind the bill, given the amount of data collection
and privacy matters the industry faces every day. Under the new
law, all BPO companies will follow the same guidelines, which
should ensure continuity and that competitors are not circumventing
any rules.<br />
<br />
"Corporations or companies that collect information should be able
to put safeguards to protect the privacy of their subjects," Deputy
Majority Leader Roman T. Romulo, one of the bill's creators, told
BusinessWorld.<br />
<br />
The bill also puts privacy and data collection oversight in the
hands of the Commission on Information and Communications
Technology, which hopes to curb privacy rights abuse.<br />
<br />
CICT chairman Ivan John E. Uy celebrated the bill's passage by
telling BusinessWorld that it was, "very timely" given the previous
lack of institutional control.</p>
]]></content:encoded></item>		<item><title>Forrester: Social CRM Gives the Company Control</title><link>http://www.teletech.com/news/customer-management/forrester-social-crm-gives-the-company-control-800407076</link><pubDate>2011-02-16T00:00:00</pubDate><content:encoded><![CDATA[ While it is often assumed deploying social customer relationship management (CRM) solutions makes it more difficult for businesses to control their own brand, a recent Forrester Research report asserted this is not the case.<br/><br/>According to Forrester analyst Kate Leggett, social CRM actually empowers the business, not its customers, to direct the flow of conversation. While providing customers with the option to comment on a company&#39;s actions does give them a voice, it is ultimately the company that determines its message.<br/><br/>Furthermore, social CRM can be effective for helping a customer build a relationship with a company, deepening his or her personal investment. However, the customer does not control the direction of the business, and the business does not have to concede every customer suggestion.<br/><br/>&quot;It&#39;s about the company taking hold of the reins of the conversation, not the other way around,&quot; Leggett asserts.<br/><br/>As businesses continue to realize the benefits provided by social CRM, they are expected to deploy CRM solutions more effectively and more extensively. According to a recent Gartner report, CRM spending could reach $1 billion by 2013.]]></content:encoded></item>		<item><title>Newly Passed Bill to Boost Filipino BPO  </title><link>http://www.teletech.com/news/contact-center-technology/newly-passed-bill-to-boost-filipino-bpo-800404345</link><pubDate>2011-02-16T00:00:00</pubDate><content:encoded><![CDATA[ Filipino lawmakers recently passed a data privacy bill that is expected to boost the country&#39;s business process outsourcing industry. According to NewsBytes magazine, the newly minted Data Privacy Act will ensure that data collection will be subject to government oversight while mandating nationwide standards regarding its practice.<br/><br/>The publication reports that BPO leaders in the Philippines put their support behind the bill, given the amount of data collection and privacy matters the industry faces every day. Under the new law, all BPO companies will follow the same guidelines, which should ensure continuity and that competitors are not circumventing any rules.<br/><br/>&quot;Corporations or companies that collect information should be able to put safeguards to protect the privacy of their subjects,&quot; Deputy Majority Leader Roman T. Romulo, one of the bill&#39;s creators, told BusinessWorld.<br/><br/>The bill also puts privacy and data collection oversight in the hands of the Commission on Information and Communications Technology, which hopes to curb privacy rights abuse.<br/><br/>CICT chairman Ivan John E. Uy celebrated the bill&#39;s passage by telling BusinessWorld that it was, &quot;very timely&quot; given the previous lack of institutional control.&nbsp;]]></content:encoded></item>		<item><title>Report: Greater Functionality, Productivity Found in VoIP</title><link>http://www.teletech.com/news/contact-center-technology/report-greater-functionality-productivity-found-in-voip-800407061</link><pubDate>2011-02-16T00:00:00</pubDate><content:encoded><![CDATA[ While companies can deploy hosted voice over internet protocol (VoIP) services to reduce their overall cost of ownership and access simpler IT support, perhaps the greatest benefits afforded through the technology include its increased functionality and productivity.<br/><br/>According to a recent report by MyBroadband News, hosted VoIP can greatly expand a company&#39;s functionality by providing a wider range of services, such as automatic voicemail forwarding, high-definition voice calling, and phone systems integrated with customer relationship management solutions.<br/><br/>Additionally, companies can utilize hosted VoIP to increase employee productivity. Through the service, businesses are no longer restricted to desk-bound telephony systems. Instead, they are able to connect from anywhere at anytime.<br/><br/>&quot;Workers can access the communication features of the VoIP system no matter where they are, improving productivity dramatically,&quot; the report states.<br/><br/>One area where VoIP has proven to be particularly effective is the mobile industry. With the mobile workforce growing every day, it is important that businesses be able to connect their employees even when away from the office. According to a recent In-Stat report, the mobile VoIP market is expected to reach $6 billion by 2015.]]></content:encoded></item>		<item><title>Gartner: Social CRM Spending to Reach $1 Billion by 2013</title><link>http://www.teletech.com/news/customer-management/gartner-social-crm-spending-to-reach-1-billion-by-2013-800404393</link><pubDate>2011-02-15T00:00:00</pubDate><content:encoded><![CDATA[ The customer relationship management (CRM) market is primed to undergo a significant transformation in the coming years and could see more than $12 billion in spending by 2012, according to a recent Gartner report.<br/><br/>Social CRM software could represent as much as 8 percent of that figure, Gartner predicts. And as companies continue to deploy more solutions as a strategic part of their business and customer service processes, social CRM spending could reach $1 billion by 2013.<br/><br/>Before deploying social CRM solutions, however, Gartner recommends companies review other case studies relevant to their strategy and share them with decision-makers. By doing so, businesses can ensure they make the most out of their social CRM software.<br/><br/>Additionally, Gartner says it is important businesses look internally as well to see if other departments, such as marketing or customer service, have already deployed CRM strategies.<br/><br/>Gartner&#39;s report seems to support an earlier claim made by the SmartData Collective. According to SmartData, businesses are improving the social CRM deployment strategies, enabling them to utilize the technology more effectively and efficiently.]]></content:encoded></item>		<item><title>How to Strike the Right Motivational Chord Among BPO Trainees</title><link>http://www.teletech.com/news/customer-management/how-to-strike-the-right-motivational-chord-among-bpo-trainees-800401482</link><pubDate>2011-02-15T00:00:00</pubDate><content:encoded><![CDATA[ Developing skills is an obvious necessity when training employees for a career in business process outsourcing. However, there is a less tangible factor that can carry just as much significance: motivation. Keeping employees motivated and engaged in their work is an imperative element of day-to-day operations.<br /> Unlike workers in many other positions, BPO employees often lack metrics by which their job performance is measured. A rating system is important not only because it allows employers to observe worker performance, but also because it can provide employees targeted goals and may improve the quality of their work.<br/><br/>Companies should also consider creating certification programs. These programs allow employees to build greater skill sets and can simultaneously boost morale as workers feel the satisfaction of employee recognition.<br /> As a trainer, it is important to eliminate any perception that BPO employment is somehow a lesser career. Negating that belief and demonstrating how employees are of high value in both their efforts and contributions is a vital step.<br/><br/>The growth of the BPO market in the Philippines exemplifies how much of an impact BPO careers are having in the global community. According to the Philippines Sun Star, the city of Cebu will welcome 5,000 college graduates into its call center training program.]]></content:encoded></item>		<item><title>Global BPO Growth Could Reach $1 Trillion</title><link>http://www.teletech.com/news/customer-management/global-bpo-growth-could-reach-1-trillion-800401599</link><pubDate>2011-02-15T00:00:00</pubDate><content:encoded><![CDATA[ Business process outsourcing leaders from different world markets have recently projected how future industry growth could affect their countries and regions. But it wasn&#39;t until a recent report from Global Business Analysts was released that industry heads got a feel for how significant worldwide BPO growth will become.<br/><br/>According to the organization&#39;s data, BPO will become a $930 billion worldwide network by 2015. Additionally, while the recession has crippled a number of industries, the company believes the global economic dip actually favored the BPO marketplace as companies sought ways to decrease costs while sustaining strong customer service.<br/><br/>&quot;Faced with tough market conditions, businesses turned focus on to cost reduction and maintenance of lean infrastructure. The fluctuating rates of international currencies, which form the basis for numerous international BPO agreements, are also affecting the revenue generation ability of BPOs,&quot; Global Business Analysts stated in a press release.<br /> <br /> The organization cites the United States and Europe as being responsible for much of the global BPO growth. However, movement toward &quot;near-shore&quot; BPO solutions will allow for faster growth in Mexico and Asia-Pacific, the latter of which is expected to see 16 percent annualized growth through 2015.]]></content:encoded></item>		<item><title>SIP Can Improve Customer Service Experience, Report Says</title><link>http://www.teletech.com/news/contact-center-technology/sip-can-improve-customer-service-experience-report-says-800404431</link><pubDate>2011-02-15T00:00:00</pubDate><content:encoded><![CDATA[ Replacing legacy call center infrastructures with a session initiated protocol (SIP) solutions may be key for businesses looking to improve customer service performance while reducing overall operational costs, according to a recent report.<br/><br/>Enterprises worldwide are seeking solutions to enhance their customer service capabilities. However, according to the report, many are impeded by outdated call centers.<br/><br/>Newer SIP-enabled contact center solutions allow businesses to improve performance and the customer experience by optimizing and virtualizing resources.<br/><br/>Through SIP, the report states, businesses can unify customer service resources, while also simplifying operations through infrastructure consolidation and equipment reduction. Additionally, SIP enables companies to arrange simultaneous interaction between multiple types of media and blends operational efficiencies, the report states.<br/><br/>Traditionally, deploying telephony systems, such as SIP or voice over internet protocol, has been a daunting task for many businesses whose services are connected under one infrastructure. However, according to a recent Telecom Reseller UC Networks report, these solutions can improve a company&#39;s efficiency and help meet certain compliance standards.]]></content:encoded></item>		<item><title>Global BPO Growth Could Reach $1 Trillion</title><link>http://www.teletech.com/news/revenue-generation/global-bpo-growth-could-reach-1-trillion-800401599</link><pubDate>2011-02-15T00:00:00</pubDate><content:encoded><![CDATA[ Business process outsourcing leaders from different world markets have recently projected how future industry growth could affect their countries and regions. But it wasn&#39;t until a recent report from Global Business Analysts was released that industry heads got a feel for how significant worldwide BPO growth will become.<br/><br/>According to the organization&#39;s data, BPO will become a $930 billion worldwide network by 2015. Additionally, while the recession has crippled a number of industries, the company believes the global economic dip actually favored the BPO marketplace as companies sought ways to decrease costs while sustaining strong customer service.<br/><br/>&quot;Faced with tough market conditions, businesses turned focus on to cost reduction and maintenance of lean infrastructure. The fluctuating rates of international currencies, which form the basis for numerous international BPO agreements, are also affecting the revenue generation ability of BPOs,&quot; Global Business Analysts stated in a press release.<br /> <br /> The organization cites the United States and Europe as being responsible for much of the global BPO growth. However, movement toward &quot;near-shore&quot; BPO solutions will allow for faster growth in Mexico and Asia-Pacific, the latter of which is expected to see 16 percent annualized growth through 2015.]]></content:encoded></item>		<item><title>Report: Businesses are Getting Better at Social CRM</title><link>http://www.teletech.com/news/customer-management/report-businesses-are-getting-better-at-social-crm-800401519</link><pubDate>2011-02-14T00:00:00</pubDate><content:encoded><![CDATA[ In a recent SmartData Collective report, industry expert Brent Leary, who recently acted as a judge for Gartner and 1to1 Media&#39;s 2011 CRM Excellence Awards, said businesses are improving their social customer relationship management (CRM) strategies.<br/><br/>According to Leary, social CRM has been bogged down in toilsome policies that either used the technology in a minimal way, or were so afraid of losing brand control that strategies were only responsive in nature.<br/><br/>That is all changing, Leary said, as social CRM industry leaders are increasingly developing new ways to engage customers through a diverse range of channels. This is making social media marketing a more strategic part of business processes and customer service, Leary wrote.<br/><br/>However, there is still work to be done before social CRM becomes mainstream. According to Leary, businesses in many traditional fields, such as franchising, professional services, and financial services are still struggling to implement social CRM strategies in a meaningful way.<br/><br/>While Leary surmises social CRM has not gone mainstream yet, a recent 1to1 Media report said the technology has reached version 2.0 in its lifecycle. Social CRM has grown from its early days as a responsive technology to a tool that more businesses are using to engage customers and extend their brand.]]></content:encoded></item>		<item><title>IVR Systems Can Solve Payment Processing Woes</title><link>http://www.teletech.com/news/contact-center-technology/ivr-systems-can-solve-payment-processing-woes-800401506</link><pubDate>2011-02-14T00:00:00</pubDate><content:encoded><![CDATA[ In many call centers, customer service agents are relegated to handling basic sales functions, such as logging credit card numbers, personal data, and other relevant payment processing tasks, when they could be using their time to help customers, perform advanced sales procedures, and interact with customers.<br/><br/>According to a recent TMCnet report, state-of-the-art interactive voice response (IVR) systems can free customer service agents from basic payment processing tasks, allowing them to spend their time more fruitfully.<br/><br/>The report said IVR establishments can do the same things customer service representatives do when processing payments. Using voice recognition technologies, the system can recognize credit card and personal information, and with integration with customer management (CRM) and sales software, the data can be logged automatically.<br/><br/>Overall, the report concluded automated payment processing through IVR systems can drastically improve contact center efficiency because it simultaneously improves customer satisfaction by reducing call times while freeing workers to focus on more pressing tasks.<br/><br/>An earlier TMCnet report explains that IVR systems today are quite different than they were even a few years ago. Advances in the industry allow IVR technology to automate many customer service-related tasks while making interaction with the company easier for the consumer.]]></content:encoded></item>		<item><title>Gartner: CRM Industry Poised for Change</title><link>http://www.teletech.com/news/customer-management/gartner-crm-industry-poised-for-change-800398442</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Gartner Research recently released a report that said the customer relationship management (CRM) industry will enter a three-year phase of drastic changes, starting in 2011, that will be ushered in by new technologies and projects designed to implement advanced new programs.<br/><br/>One of the major areas for change will come in new software purchases that support sales, marketing, and customer service processes. Gartner expects companies to spend approximately $1 billion upgrading their related software programs during the period.<br/><br/>Beyond spending on new software, Gartner expects companies to invest in Software-as-a-Service (SaaS) to facilitate social CRM investments. Gartner also predicts an influx of tier 1 CRM external service providers investing to develop their own social CRM solutions.<br/><br/>Ed Thompson, vice president and distinguished analyst at Gartner, summarized Gartner&#39;s report by making three predictions.<br/><br/>&quot;Over the next three years, social CRM will continue its exponential rise, SaaS will become routine, Salesforce.com will reshuffle the market order, and consultants and system integrators will sell their own CRM software,&quot; he said.<br/><br/>The social CRM industry is evolving quickly, and a recent report from 1to1 Media said the technology is finally coming of age. Social CRM has been slowly developing since 2003, and is solidifying its position as a leading enterprise tool.]]></content:encoded></item>		<item><title>Large Businesses Turning to the Cloud for their CRM Needs</title><link>http://www.teletech.com/news/customer-management/large-businesses-turning-to-the-cloud-for-their-crm-needs-800398479</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Prior to the cloud&#39;s widespread adoption in recent years, large businesses were hesitant to invest in the technology because it was relatively untested. Even now, when the cloud has become relatively mainstream, many chief information officers (CIOs) are reticent to move their mission-critical programs to the cloud.<br/><br/>However, a recent report from TechTarget found large organizations are increasingly using the cloud for strategic applications. Customer relationship management (CRM) programs are among the leading candidates for cloud conversion, the report found.<br/><br/>The report said CRM applications are among those easily moved to the cloud because most businesses use off-the-shelf solutions that can be replaced easily with cloud-based applications.<br/><br/>&quot;Large organizations are adopting cloud services at an increased pace, but will they rip out their old data centers and go with cloud services right away? Probably not. But 52 percent of organizations with more than 1,000 employees use cloud services in some fashion,&quot; Ray Wang, partner at the Altimeter Group, told the news source.<br/><br/>Cloud computing also helps businesses maintain state-of-the-art software. According to a 21st Century Supply Chain report, companies using cloud-based solutions can easily upgrade to new versions of applications because they did not have to invest in infrastructure to support the old program.]]></content:encoded></item>		<item><title>BPO to Provide Important Job Growth For Uganda</title><link>http://www.teletech.com/news/customer-management/bpo-to-provide-important-job-growth-for-uganda-800393209</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Ugandan business leaders are aiming to find an industry that will provide a steady flow of employment to their country. According to new data presented by Aggrey Awori, the Ugandan Minister of Information Communication and Technology, business process outsourcing will be that industry, the Daily Monitor reports.<br/><br/>Awori made the announcement at the Third Business Processing Outsourcing Conference hosted by the Competitiveness and Investment Climate Strategy. During his speech, Awori stated that the BPO industry, in the short term, will produce approximately 100,000 jobs for the Ugandan economy per year.<br/><br/>The possible impact the industry may have on the country has Awori excited to increase training for young workers and broaden their skill sets.<br/><br/>&quot;Beginning today we shall begin the process of training students in higher institutions of learning in [BPO],&quot; Awori stated, according to the news source. &quot;With this project, they will be able to earn [salaries] &hellip; while doing the work at their convenience, including working at home.&quot;<br/><br/>Neighboring African countries are also putting their hats in the BPO ring thanks to vast technological improvements on the continent. According to TMS Ruge of CNN International, Kenya, Ghana and Rwanda will increase their telecom efforts, especially in 2012 when the countries will have access to 17 terabytes of broadband capacity.&nbsp;]]></content:encoded></item>		<item><title>Training Is a Key Ingredient to BPO Staffing</title><link>http://www.teletech.com/news/customer-management/training-is-a-key-ingredient-to-bpo-staffing-800393362</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Customer service is the lifeblood of the business process outsourcing industry, which means that every member of a call center team must be trained at the highest level. But how should a trainer start the process of taking raw employees and making them into elite customer service representatives?<br/><br/>According to Owen Richason IV of Demand Media, strong first steps include understanding what consumers expect from customer service and tailoring employee skill sets to that demand. Surveys are a good way to establish those consumer wants, and once collected, a training manager should direct trainees to various topics and judge how the individual handles the subject matter.<br/><br/>Next, there are the physical demands of the job. Can the employee transcribe an ongoing phone conversation? How is the clarity in his or her voice? Can they maintain a receptive and informative tone? These are three important character traits that can determine an operator&#39;s success. Improving flaws or enhancing existing strengths is vital.<br/><br/>Knowledge retention is an important late-stage step. Discover how well an employee can recall important information, as this is a significant job responsibility. Trainers should also teach employees to look out for signals in a conversation that improve retention skills.<br/><br/>A wide range of topics exists that will improve an employee&#39;s job performance, but focusing on the traits discussed here will provide an early, clear picture as to whether or not an employee can handle the workload.<br /> &nbsp;]]></content:encoded></item>		<item><title>Large Businesses Turning to the Cloud for their CRM Needs</title><link>http://www.teletech.com/news/contact-center-technology/large-businesses-turning-to-the-cloud-for-their-crm-needs-800398479</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Prior to the cloud&#39;s widespread adoption in recent years, large businesses were hesitant to invest in the technology because it was relatively untested. Even now, when the cloud has become relatively mainstream, many chief information officers (CIOs) are reticent to move their mission-critical programs to the cloud.<br/><br/>However, a recent report from TechTarget found large organizations are increasingly using the cloud for strategic applications. Customer relationship management (CRM) programs are among the leading candidates for cloud conversion, the report found.<br/><br/>The report said CRM applications are among those easily moved to the cloud because most businesses use off-the-shelf solutions that can be replaced easily with cloud-based applications.<br/><br/>&quot;Large organizations are adopting cloud services at an increased pace, but will they rip out their old data centers and go with cloud services right away? Probably not. But 52 percent of organizations with more than 1,000 employees use cloud services in some fashion,&quot; Ray Wang, partner at the Altimeter Group, told the news source.<br/><br/>Cloud computing also helps businesses maintain state-of-the-art software. According to a 21st Century Supply Chain report, companies using cloud-based solutions can easily upgrade to new versions of applications because they did not have to invest in infrastructure to support the old program.]]></content:encoded></item>		<item><title>BPO to Provide Important Job Growth For Uganda</title><link>http://www.teletech.com/news/contact-center-technology/bpo-to-provide-important-job-growth-for-uganda-800393209</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Ugandan business leaders are aiming to find an industry that will provide a steady flow of employment to their country. According to new data presented by Aggrey Awori, the Ugandan Minister of Information Communication and Technology, business process outsourcing will be that industry, the Daily Monitor reports.<br/><br/>Awori made the announcement at the Third Business Processing Outsourcing Conference hosted by the Competitiveness and Investment Climate Strategy. During his speech, Awori stated that the BPO industry, in the short term, will produce approximately 100,000 jobs for the Ugandan economy per year.<br/><br/>The possible impact the industry may have on the country has Awori excited to increase training for young workers and broaden their skill sets.<br/><br/>&quot;Beginning today we shall begin the process of training students in higher institutions of learning in [BPO],&quot; Awori stated, according to the news source. &quot;With this project, they will be able to earn [salaries] &hellip; while doing the work at their convenience, including working at home.&quot;<br/><br/>Neighboring African countries are also putting their hats in the BPO ring thanks to vast technological improvements on the continent. According to TMS Ruge of CNN International, Kenya, Ghana and Rwanda will increase their telecom efforts, especially in 2012 when the countries will have access to 17 terabytes of broadband capacity.&nbsp;]]></content:encoded></item>		<item><title>Training Is a Key Ingredient to BPO Staffing</title><link>http://www.teletech.com/news/contact-center-technology/training-is-a-key-ingredient-to-bpo-staffing-800393362</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Customer service is the lifeblood of the business process outsourcing industry, which means that every member of a call center team must be trained at the highest level. But how should a trainer start the process of taking raw employees and making them into elite customer service representatives?<br/><br/>According to Owen Richason IV of Demand Media, strong first steps include understanding what consumers expect from customer service and tailoring employee skill sets to that demand. Surveys are a good way to establish those consumer wants, and once collected, a training manager should direct trainees to various topics and judge how the individual handles the subject matter.<br/><br/>Next, there are the physical demands of the job. Can the employee transcribe an ongoing phone conversation? How is the clarity in his or her voice? Can they maintain a receptive and informative tone? These are three important character traits that can determine an operator&#39;s success. Improving flaws or enhancing existing strengths is vital.<br/><br/>Knowledge retention is an important late-stage step. Discover how well an employee can recall important information, as this is a significant job responsibility. Trainers should also teach employees to look out for signals in a conversation that improve retention skills.<br/><br/>A wide range of topics exists that will improve an employee&#39;s job performance, but focusing on the traits discussed here will provide an early, clear picture as to whether or not an employee can handle the workload.<br /> &nbsp;]]></content:encoded></item>		<item><title>Training Is a Key Ingredient to BPO Staffing</title><link>http://www.teletech.com/news/learning-services/training-is-a-key-ingredient-to-bpo-staffing-800393362</link><pubDate>2011-02-11T00:00:00</pubDate><content:encoded><![CDATA[ Customer service is the lifeblood of the business process outsourcing industry, which means that every member of a call center team must be trained at the highest level. But how should a trainer start the process of taking raw employees and making them into elite customer service representatives?<br/><br/>According to Owen Richason IV of Demand Media, strong first steps include understanding what consumers expect from customer service and tailoring employee skill sets to that demand. Surveys are a good way to establish those consumer wants, and once collected, a training manager should direct trainees to various topics and judge how the individual handles the subject matter.<br/><br/>Next, there are the physical demands of the job. Can the employee transcribe an ongoing phone conversation? How is the clarity in his or her voice? Can they maintain a receptive and informative tone? These are three important character traits that can determine an operator&#39;s success. Improving flaws or enhancing existing strengths is vital.<br/><br/>Knowledge retention is an important late-stage step. Discover how well an employee can recall important information, as this is a significant job responsibility. Trainers should also teach employees to look out for signals in a conversation that improve retention skills.<br/><br/>A wide range of topics exists that will improve an employee&#39;s job performance, but focusing on the traits discussed here will provide an early, clear picture as to whether or not an employee can handle the workload.<br /> &nbsp;]]></content:encoded></item>		<item><title>Contact Centers Turning Away From Production-Related Metrics</title><link>http://www.teletech.com/news/customer-management/contact-centers-turning-away-from-production-related-metrics-800394362</link><pubDate>2011-02-10T00:00:00</pubDate><content:encoded><![CDATA[ Historically, the call center has used such metrics as time spent on a call to determine how productive contact center agents are and measure their customer service systems. However, a recent 1to1 Media report explains call centers should focus on performance-related data.<br/><br/>In the report, Mariano Tan, senior vice president of professional services for TeleTech, told the news source call centers often struggle identifying the best metrics and data to analyze because they look in the wrong places.<br/><br/>According to Tan, many call centers focus too much on the data and metrics that are easy to track, neglecting the more valuable information available. By identifying the metrics that are easiest to identify, and neglecting the areas that are harder to measure, contact centers are missing out on the most valuable data available.<br/><br/>Overall, Tan recommends focusing on customer and agent behavior by using voice analytics to track conversations. Using these tools, companies can track the progress of a conversation, evaluating the customer&#39;s intent and the agent&#39;s response more accurately.<br/><br/>Speech analytics are catching on quickly in the financial services industry. According to a recent TechTarget report, insurance companies and other financial services organizations are using speech analytics to foster improved customer relationships.&nbsp;]]></content:encoded></item>		<item><title>Report: Outsourced Call Centers Can Drive Value in the Enterprise</title><link>http://www.teletech.com/news/contact-center-technology/report-outsourced-call-centers-can-drive-value-in-the-enterprise-800390253</link><pubDate>2011-02-10T00:00:00</pubDate><content:encoded><![CDATA[ By outsourcing call center operations, businesses can simultaneously expand their customer service offerings beyond their internal capacity, deploy a scalable contact center solution that flexibly changes based on fluctuating needs and reduce their operational expenses, according to a recent TMCnet report.<br/><br/>However, outsourced call centers can prove somewhat challenging to optimize, as contact centers often require state-of-the-art technology for maximum success. By using hosted call center technology within the outsourced call center, businesses can ensure their contact center remains up-to-date, according to the report.<br/><br/>This is especially apparent when dealing with interactive voice response (IVR) technologies, the report said. High-performance IVR systems are capable of using advanced voice recognition programs to automate many of the processes normally completed by a customer service employee.<br/><br/>Agent automation is capable of benefiting both businesses and customers, the report said, as they reduce operating costs while helping consumers move quickly through audio menus and solve basic problems without speaking to a customer service representative.<br/><br/>IVR systems have changed drastically in recent years. An earlier TMCnet report detailed the technology&#39;s evolution. Overall, IVR has shifted from an expensive, cumbersome call center solution that occasionally frustrated consumers to a streamlined technology that improves satisfaction while creating value opportunities.]]></content:encoded></item>		<item><title>Contact Centers Turning Away From Production-Related Metrics</title><link>http://www.teletech.com/news/contact-center-technology/contact-centers-turning-away-from-production-related-metrics-800394362</link><pubDate>2011-02-10T00:00:00</pubDate><content:encoded><![CDATA[ Historically, the call center has used such metrics as time spent on a call to determine how productive contact center agents are and measure their customer service systems. However, a recent 1to1 Media report explains call centers should focus on performance-related data.<br/><br/>In the report, Mariano Tan, senior vice president of professional services for TeleTech, told the news source call centers often struggle identifying the best metrics and data to analyze because they look in the wrong places.<br/><br/>According to Tan, many call centers focus too much on the data and metrics that are easy to track, neglecting the more valuable information available. By identifying the metrics that are easiest to identify, and neglecting the areas that are harder to measure, contact centers are missing out on the most valuable data available.<br/><br/>Overall, Tan recommends focusing on customer and agent behavior by using voice analytics to track conversations. Using these tools, companies can track the progress of a conversation, evaluating the customer&#39;s intent and the agent&#39;s response more accurately.<br/><br/>Speech analytics are catching on quickly in the financial services industry. According to a recent TechTarget report, insurance companies and other financial services organizations are using speech analytics to foster improved customer relationships.&nbsp;]]></content:encoded></item>		<item><title>Changing Global Landscape Alters BPO Field</title><link>http://www.teletech.com/news/customer-management/changing-global-landscape-alters-bpo-field-800387616</link><pubDate>2011-02-09T00:00:00</pubDate><content:encoded><![CDATA[ Business process outsourcing has been a welcomed industry in many parts of the world. However, a slow-moving economy has altered the success rate of market growth in several of these countries, resulting in a changing landscape where BPO is most attractive. That notion was reinforced by the newest release of A.T. Kearney&#39;s Global Services Location Index.<br/><br/>The index, which ranks the top 50 locations worldwide for supporting business process outsourcing industries, contact centers and other IT support, presented a new look at where companies may have the best shot at future growth.<br/><br/>Data showed that the nations with the biggest positive movement were the United Kingdom, the Baltic States, Mexico and the United Arab Emirates. The change stems from currency movements that helped these countries improve their appeal, as cost previously kept them low on the list.<br/><br/>&quot;We can expect to see a dramatic shift in the relative balance of service production among the developed and emerging markets in the future,&quot; said Johan Gott, manager of research for the Index.<br/><br/>Among nations in the aforementioned regions, Mexico moved up to sixth place on the list, while the U.K. jumped to 16th from 31st in 2009, and Estonia, Latvia and Lithuania checked in at 11th, 13th and 14th, respectively.<br /> &nbsp;]]></content:encoded></item>		<item><title>TeleTech Recognized for Customer Value Enhancement</title><link>http://www.teletech.com/news/customer-management/teletech-recognized-for-customer-value-enhancement-800384951</link><pubDate>2011-02-09T00:00:00</pubDate><content:encoded><![CDATA[ Frost &amp; Sullivan recently completed a rigorous period of study and analysis, researching the call center outsourcing market and determining which companies were capable of providing the highest levels of customer satisfaction. In the end, it decided to reward TeleTech with the 2010 North American Frost &amp; Sullivan Award for Customer Value Enhancement of the Year.<br/><br/>The customer value enhancement award is given out annually by Frost &amp; Sullivan. It recognizes call center outsourcing companies capable of implementing new strategies that create value for their customers by improving their return on investment (ROI).<br/><br/>TeleTech was recognized because it has displayed a clear ability to create new value opportunities for their customers through improved customer retention systems, lead generation, customer acquisition, and account management solutions.<br/><br/>&quot;TeleTech&#39;s product suite supports every stage of the customer life cycle and includes end-to-end pre- and post-sales programs, from lead generation and nurturing, to direct sales and fully automated marketing campaigns, account management and retention programs, marketing analysis and modeling,&quot; said Michael DeSalles, principal analyst for Frost &amp; Sullivan.<br/><br/>Recently, TeleTech expanded its service offerings through a partnership with Lithium Technologies. Through the union, TeleTech is able to expand its reputation as a leader in the customer service industry by offering social customer relationship management (CRM) applications, Outsourcing Center reports.]]></content:encoded></item>		<item><title>Uganda Looking to Improve BPO Market</title><link>http://www.teletech.com/news/customer-management/uganda-looking-to-improve-bpo-market-800386530</link><pubDate>2011-02-09T00:00:00</pubDate><content:encoded><![CDATA[ Business process outsourcing has been a profitable industry for many countries around the globe. Now, Uganda hopes to bring a share of that revenue within its borders as it examines how it can increase its BPO presence, ComputerWorld Kenya reports.<br/><br/>Initial plans by the state call for approximately 3,000 young workers to be trained in business process outsourcing. According to ComputerWorld Kenya, nearly 500 students are currently enrolled with Makerere University&#39;s faculty of Computing and Information Technology to learn the industry. Additionally, the country has brought in industry experts from other BPO-driven countries as educators at the university.<br/><br/>&quot;Once the program commences, the country will stand to benefit from a critical mass of BPO-skilled personnel and a wealth of BPO-skilled managers and entrepreneurs that are key in attracting global BPO business,&quot; James Saaka, the executive director of the National Information Technology Authority Uganda, told the publication.<br/><br/>Uganda currently has a GDP of about $42 billion, with more than 15 million people in its workforce. However, up to 82 percent of that workforce is based in agriculture, demanding a significant shift in the nation&#39;s economy to drive BPO profits. &nbsp;]]></content:encoded></item>		<item><title>Report: Companies Should Aggressively Pursue Social Media</title><link>http://www.teletech.com/news/customer-management/report-companies-should-aggressively-pursue-social-media-800388878</link><pubDate>2011-02-09T00:00:00</pubDate><content:encoded><![CDATA[ According to a recent Bloomberg Businessweek report, many businesses are still limited in their social customer relationship management (CRM) efforts because they are focusing on a defensive strategy.<br/><br/>The report said many businesses are content to monitor social media, responding to consumer questions, concerns and complaints when necessary. While using social CRM to address consumer needs and keep an eye on social media is important, the report said it is an incomplete strategy that is quickly going out of style.<br/><br/>Instead, businesses should be aggressive in their social media marketing plans, using the channel to reach out to consumers where they are and enhance their brand identity, according to the report.<br/><br/>&quot;Social CRM should be about offense - providing messages that are socially enabled and can go viral so as to raise product awareness, establish meaningful relationships with customers, and gain insight into how they feel about a marketing message,&quot; the report said.<br/><br/>A recent report from 1to1 Media reiterates the needs for businesses to take charge of the social CRM landscape, saying companies need to integrate their social media marketing campaign with their overall internal philosophy to create a customer-centric environment.]]></content:encoded></item>		<item><title>Report: Trust Essential to Social CRM Success</title><link>http://www.teletech.com/news/customer-management/report-trust-essential-to-social-crm-success-800384607</link><pubDate>2011-02-03T00:00:00</pubDate><content:encoded><![CDATA[ As of 2009, the Edelmen Trust Barometer found users trusted approximately 47 percent of what they heard from people like themselves. However, that number declined to just 43 percent in 2011.<br/><br/>According to a recent CRM Buyer report, the changing trust levels can be attributed to trends in social media marketing and customer relationship management (CRM). When social media was relatively young, consumers were quick to trust their peers. As the technology has become more defined, that trend is declining, leaving room for businesses to step in and define their brand, the report said.<br/><br/>As a result, CRM Buyer reports trust is becoming more essential than ever for social CRM success. Because consumers are becoming more wary of social media outlets, businesses need to focus on developing genuine, consumer-focused interaction through social media.<br/><br/>Developing trust is not the only way to create a profitable social CRM strategy, as a recent Bloomberg BusinessWeek report said companies that aggressively pursue social CRM can position themselves for success. The report said simply using social media to respond to consumer commentary is not aggressive enough, and businesses should use the technology to reach out to customers and promote their brand.]]></content:encoded></item>		<item><title>Report: Advanced IVR Systems Provide Myriad Benefits</title><link>http://www.teletech.com/news/contact-center-technology/report-advanced-ivr-systems-provide-myriad-benefits-800383761</link><pubDate>2011-02-03T00:00:00</pubDate><content:encoded><![CDATA[ In the early days of interactive voice response (IVR) systems, the technology gained a reputation for being somewhat clunky and difficult to work with. However, advances in IVR systems have turned them into efficient, business-enabling programs that can have a significant positive impact on the call center, TMCnet reports.<br/><br/>According to the report, advanced IVR features can provide a number of critical advantages in the call center.<br/><br/>Using IVR features, such as auto attendant, IVR systems can essentially act as another customer service employee, handling basic customer queries. According to the report, this can reduce costs and decrease the amount of time customers must spend on each call.<br/><br/>IVR systems can also be used to collect payments and call customers to remind them when bills are due, allowing call center employees to focus on more critical tasks, the report said. This technology can also spread to performing surveys because IVR programs can use recording technology to automatically catalog responses automatically.<br/><br/>With IVR systems becoming more powerful, the Mobile Marketing Association has decided to form a committee that will work to establish industry best practices for companies working to use IVR systems in their call centers.&nbsp;]]></content:encoded></item>		<item><title>TeleTech Partners with Lithium Technologies for Social CRM</title><link>http://www.teletech.com/news/customer-management/teletech-partners-with-lithium-technologies-for-social-crm-800379642</link><pubDate>2011-02-02T00:00:00</pubDate><content:encoded><![CDATA[ TeleTech recently announced plans to enhance its leadership in the social customer relationship management (CRM) industry by partnering with Lithium Technologies, a leading provider of social CRM services.<br/><br/>In a recent Outsourcing Center report, Douglas Jones, senior vice president of worldwide sales and business development, said consumers are turning to social media to air their concerns about companies. This is giving consumers control over the brand, and forcing businesses to respond accordingly.<br/><br/>Taylor Allis, executive director of product marketing at TeleTech, told the news source TeleTech had become a prominent source of advisory services when it comes to social CRM. Allis explained the company&#39;s unique position in handling customer service from both traditional call center and social CRM perspectives positioned it well to help companies maximize social media.<br/><br/>However, Allis said TeleTech lacked the tangible software and other systems needed to develop complete social CRM solutions. The partnership with Lithium Technologies is designed to solve that issue.<br/><br/>While social media practices are quickly being adopted in business-to-consumer (B2C) relationships, organizations also should consider the technology&#39;s potential in business-to-business (B2B) interactions, a recent 1to1 Media report said. Overall, the report said the social dynamic is completely different in B2C and B2B environments, but relevant in both.]]></content:encoded></item>		<item><title>Call Centers Face Unique Compliance Challenges</title><link>http://www.teletech.com/news/contact-center-technology/call-centers-face-unique-compliance-challenges-800379635</link><pubDate>2011-02-02T00:00:00</pubDate><content:encoded><![CDATA[ Payment card industry (PCI) data security standards (DSS) regulate how organizations gather, transmit, and store personal data. The compliance system is devised to ensure personal payment data remains secure, and is uniquely difficult to maintain in the call center, according to a recent TechTarget report.<br/><br/>In the report, industry expert Lori Bocklund told TechTarget call centers are forced to address both the data and voice recording issues involved in PCI compliance. She said call centers have to address the technical side of how to store and transmit data securely, but also have to monitor how they handle call recording closely.<br/><br/>PCI DSS expert Dennis Thrift told the news source call centers make it challenging to control personal payment information, as data ends up dispersed over recorded calls, user computers and even handwritten notes taken during calls. As a result, he explained security systems and call center equipment need to be tailored specifically for security.<br/><br/>One way to address PCI compliance in the call center could be to turn to a hosted call center model, industry expert Wendell Black said in an interview with TMCnet. According to Black, the hosted call center model allows companies to leverage advanced call center technologies flexibly without the necessary IT investment of on-premise solutions.]]></content:encoded></item>		<item><title>Companies Can Confidently Invest in IP Telephony</title><link>http://www.teletech.com/news/contact-center-technology/companies-can-confidently-invest-in-ip-telephony-800379647</link><pubDate>2011-02-02T00:00:00</pubDate><content:encoded><![CDATA[ Deploying service initiative protocol (SIP) trunking, voice over internet protocl (VoIP), and unified communications makes many C-level executives worry about what will happen when all of their telephony services are connected under a single infrastructure.<br/><br/>However, a recent report from Telecom Reseller UC Networks said businesses can confidently deploy telephony systems based on internet protocol (IP) instead of traditional, fixed phone lines.<br/><br/>According to the report, recognizing the risks associated with IP telephony is the first step in security systems. By understanding the security issues that could develop in IP telephony environments, and choosing a managed reseller of hosting service that can address those risks, businesses can establish their system to handle the demands of unified IP telephony.<br/><br/>The report also cited basic compliance procedures as a simple way to secure unified communications systems. Using company policies to limit employee access to questionable websites and consumer social networking can have a marked impact on the network&#39;s safety.<br/><br/>Security is becoming an important part of contact center management, according to a recent TechTarget report. In the report, industry experts told the news source call centers are forced to address a variety of unique security issues that pose challenges that many other industries never have to face.]]></content:encoded></item>		<item><title>Filipino Economy Experiences Unexpected Growth</title><link>http://www.teletech.com/news/revenue-generation/filipino-economy-experiences-unexpected-growth-800379713</link><pubDate>2011-02-01T00:00:00</pubDate><content:encoded><![CDATA[ The Filipino economy beat its own expectations when new numbers were unveiled this week, Bloomberg reports. On the heels of continued growth in the business process outsourcing industry and higher consumer spending, the Philippines experienced accelerated growth during the fourth quarter of 2010, cementing a 7.1 percent growth rate in gross domestic product for 2010.<br/><br/>That figure beat the previously predicted amount of 6.3 percent during the third quarter. The National Statistical Coordination Board said both figures exceed the 6 percent forecasts among the 13 economists surveyed by Bloomberg. In all, the nation&#39;s economy reached $161 billion in 2010.<br/><br/>&quot;This is an extension of the optimism that has followed the new government,&quot; Radhika Rao, an economist at Forecast Pte in Singapore, told Bloomberg. &quot;The central bank has managed to maintain benign inflation and that has contributed to better spending trends and positive consumption. Remittances haven&rsquo;t taken a hit and these things contribute to strong domestic demand.&quot;<br/><br/>The growth in the Filipino economy and BPO industry comes amidst reports that the outsourcing industry in the EMEA region fell 14 percent in 2010, according to Computing.uk. The site reports that the region lost approximately &euro;30 billion in 2010 compared to the previous year.]]></content:encoded></item>		<item><title>New Building in Philippines Bolsters BPO</title><link>http://www.teletech.com/news/customer-management/new-building-in-philippines-bolsters-bpo-800375084</link><pubDate>2011-01-31T00:00:00</pubDate><content:encoded><![CDATA[ The Filipino business process outsourcing industry received a significant boost with the opening of a new office building in Eastwood City Cyberpark. The business district is one of the hubs for BPO companies in the Philippines, and the new building will reportedly help the industry meet revenue targets.<br/><br/>Standing 16 floors high and housing 32,000 square meters of office space, the building will welcome new and expanding businesses, the Philippine Star reports. The paper also reports that the business park generated more than $348 million in 2010, up 7.8 percent from 2008 levels.<br/><br/>Global One Center will provide 24/7 access to workers, including complete technological features, fiber optic cables, and backup power, while employees may receive income tax holidays and other entitlements.<br/><br/>The Philippine Economic Zone Authority predicts the new space will further increase financial goals. Global One is the 10th BPO building in Eastwood City Cyberpark, which has 30,000 employees and now has the room to create 5,000 new jobs in 2011, according to the Star.&nbsp;]]></content:encoded></item>		<item><title>Report: Social CRM Allows Businesses to Rebuild their Customer Service Systems</title><link>http://www.teletech.com/news/customer-management/report-social-crm-allows-businesses-to-rebuild-their-customer-service-systems-800374926</link><pubDate>2011-01-31T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from CRM Buyer said new technologies in social customer relationship management (CRM) are allowing businesses to expand their customer service operations to revolve around social services.<br/><br/>According to the report, the technology has been in place for years to allow consumers to dictate how a company serves them best, help each other solve product issues, and provide businesses with regular monitoring and trending updates.<br/><br/>However, the report said businesses are only now starting to embrace the power of social CRM technologies to accomplish these vital tasks. To accomplish this process shift, the report said businesses should completely remove their current service infrastructure and replace it with social service systems that address the specific needs of contemporary consumers.<br/><br/>Overall, the report said consumers are turning away from ponderous, underpowered service systems that take too long to get results, and increasingly using fast, socially driven tools to get the help they need.<br/><br/>Social CRM is the next critical trend in customer service, a recent 1to1 Media report said. Citing SugarCRM research, the report said social media use in the enterprise is becoming standard, and more businesses are beginning to tie that social strategy to their CRM systems.]]></content:encoded></item>		<item><title>IVR Can Help Companies Retain Customers and Gain a Competitive Advantage</title><link>http://www.teletech.com/news/contact-center-technology/ivr-can-help-companies-retain-customers-and-gain-a-competitive-advantage-800374845</link><pubDate>2011-01-31T00:00:00</pubDate><content:encoded><![CDATA[ In a recent TMCnet report, industry expert Natalia Kishina told the news source the American Management Association has noticed a growing number of consumers turning away from companies because they are unsatisfied with customer service.<br/><br/>Kishina said this is especially prevalent in the credit card industries, where customers frustrated by long waits for service are quick to switch carriers. However, Kishina told the news source many of these customer satisfaction issues can be fixed if call centers optimize their ineractive voice response (IVR) systems.<br/><br/>According to Kishina, IVR can be used to solve issues quickly by being programmed to supply resolutions to frequently asked questions automatically. This allows consumers to gain the information they need quickly, resolving issues efficiently and automatically.<br/><br/>Preparing IVR system for volume spikes is another critical aspect of offering high-quality customer service, Kishina said. Customers should rarely, if ever, be turned away from help by overloaded IVR systems, and companies should focus on building the technology for maximum volume.<br/><br/>IVR systems are becoming more prevalent throughout the world, according to a Global Industry Analysts report, which estimates the international speech technology market will reach $20.9 billion 2015.]]></content:encoded></item>		<item><title>Filipino BPO Industry Seeks to Increase Worker Talent </title><link>http://www.teletech.com/news/customer-management/filipino-bpo-industry-seeks-to-increase-worker-talent-800372944</link><pubDate>2011-01-28T00:00:00</pubDate><content:encoded><![CDATA[ Recent job data has shown strong growth in the Filipino BPO market, including significant increases in total job numbers. However, business leaders need to do something to halt the loss of workers to resignations, ABS-CBN news reports.<br/><br/>Industry leaders acknowledge the potential employment gap and the need to fill any potential losses with fresh employees and retain higher-level talent.<br/><br/>&ldquo;We need to do that, or the industry will be short of 400,000 workers by 2016,&rdquo; Maulik Parekh, president of BPO firm SPI Global Solutions, said at a public forum, according to the news station.<br/><br/>Business Processing Association of the Philippines chairman Alfredo Ayala stated that filling the void would require zero financial investment from the central government. Ayala noted that much of the $25 billion to correct the shortcomings could be obtained without government intervention.<br/><br/>The Everest Research Institute stated that BPO employment growth is expected to reach 20 percent in 2011, a much-needed figure to stem the potential loss.]]></content:encoded></item>		<item><title>Businesses Combining VoIP and RFID Technology to Improve Customer Service</title><link>http://www.teletech.com/news/contact-center-technology/businesses-combining-voip-and-rfid-technology-to-improve-customer-service-800372809</link><pubDate>2011-01-28T00:00:00</pubDate><content:encoded><![CDATA[ In a recent Internet Evolution report, industry expert Matthew Singer writes businesses are turning to unified communications solutions that use both voice over internet protocol (VoIP) and radio frequency identification (RFID).<br/><br/>According to the report, this is possible because more VoIP providers are deploying software solutions optimized for mobile devices. As a result, the mobile devices, which often feature built-in RFID technology, provide an ideal platform for unified VoIP and RFID solutions.<br/><br/>The report said RFID technology has become a popular way to label a wide range of items, including products tags and shipping packages. By unifying VoIP and RFID solutions, customer service employees can simultaneously access complete details about an item with an RFID scan, and communicate with customers through the mobile device, according to the report.<br/><br/>The mobile VoIP industry is already positioned for significant growth in coming years, as a recent In-Stat report estimates the sector&#39;s market value will rise to $6 billion by 2015. Amy Cravens, market analyst for In-Stat, said the mobile VoIP implementations allow businesses to extend desk phone functions to mobile devices.]]></content:encoded></item>		<item><title>Best Practices on the Horizon in IVR Industry</title><link>http://www.teletech.com/news/contact-center-technology/best-practices-on-the-horizon-in-ivr-industry-800370153</link><pubDate>2011-01-27T00:00:00</pubDate><content:encoded><![CDATA[ Experts discussing interactive voice response (IVR) systems often go back and forth on whether or not the technology is valuable, with industry leaders often concluding IVR is critical for customer service when correctly used.<br/><br/>Recently, the Mobile Marketing Association (MMA) announced its intention to create a new IVR committee to develop industry best practices.<br/><br/>At the recent MMA Consumer Best Practices Forum, the organization announced IVR systems are becoming more pervasive in the enterprise. As a result, the new committee is necessary to educate business on how to develop IVR systems properly.<br/><br/>&quot;With the increasing use of interactive voice and the audio channel in mobile marketing, the time has come for mobile marketers to share our experiences, develop best practices, and create guidelines to best use this medium to successfully deliver marketing communication,&quot; said Michael Becker, North America managing director of the MMA.<br/><br/>Global Industry Analysts recently released a report predicting market values in the global speech technology market. According to the study, speech technology is expected to reach $20.9 billion by 2015. The report cites the evolution of such technologies as IVR from enterprise call center tools to mobile marketing appliances as a major impetus behind growth.]]></content:encoded></item>		<item><title>Report: Cloud Computing Could be the Next Evolution of Outsourcing</title><link>http://www.teletech.com/news/contact-center-technology/report-cloud-computing-could-be-the-next-evolution-of-outsourcing-800367442</link><pubDate>2011-01-26T00:00:00</pubDate><content:encoded><![CDATA[ A recent study performed by EquaTerra concluded cloud computing could be the future of both business process outsourcing (BPO) and information technology outsourcing (ITO), as businesses increasingly turn to the technology to move their IT infrastructure and application delivery systems off-premise.<br/><br/>The study predicts moderate growth in the outsourcing industry during 2011, but expects many industry patterns to change during the year. Primarily, companies will increasingly outsource smaller partitions of their services and send new types of work off-site by deploying cloud-based solutions.<br/><br/>Cloud computing is set to change the overall direction of the outsourcing industry over the next few years, the report said. Thus far, outsourcing has had a major impact on businesses, globalizing the economy and improving productivity, the report said. Cloud computing could further this impact by giving organizations as-a-service offerings that let them outsource more processes, according to the report.<br/><br/>The cloud is becoming more pervasive as more businesses outsource operations, such as data storage, by deploying cloud computing solutions, according to a recent Wall Street Journal report. However, the report said the cloud&#39;s adoption may not take hold completely until policy makers create regulations to address international cloud deployments, a process that is already underway.]]></content:encoded></item>		<item><title>Report: Cloud-Based CRM Becoming Important in the Enterprise</title><link>http://www.teletech.com/news/customer-management/report-cloud-based-crm-becoming-important-in-the-enterprise-800361766</link><pubDate>2011-01-24T00:00:00</pubDate><content:encoded><![CDATA[ For years, cloud computing has stood firmly in the realm of technologies for small- and medium-sized businesses. Integration and other issues have prevented the cloud from becoming a critical part of customer relationship management (CRM) in the enterprise, but a recent report from the Ecommerce Times said large businesses would be wise to adopt cloud-based CRM systems quickly.<br/><br/>According to the report, businesses have been slow to deploy cloud computing solutions for CRM because of challenges associated with integrating CRM with other systems. Typically, companies will ensure their CRM systems are capable of working compatibly with software for human resources, accounting, and enterprise resource planning.<br/><br/>In cloud environments, the same interoperability is necessary, but more challenging. However, the report said advanced integration tools could solve cloud integration issues.<br/><br/>Overall, the report said companies should move quickly to develop cloud-based CRM systems because they could provide a competitive advantage that will be lost if they wait until the technology is mainstream.<br/><br/>Cloud CRM solutions could also have a significant impact on businesses dealing with complex sales environments, a recent report from Enterprise IT Planet said. According to the report, companies experiencing diverse sales cycles are using the cloud to scale their operations based on their changing needs.]]></content:encoded></item>		<item><title>Report: Cloud-Based CRM Becoming Important in the Enterprise</title><link>http://www.teletech.com/news/contact-center-technology/report-cloud-based-crm-becoming-important-in-the-enterprise-800361766</link><pubDate>2011-01-24T00:00:00</pubDate><content:encoded><![CDATA[ For years, cloud computing has stood firmly in the realm of technologies for small- and medium-sized businesses. Integration and other issues have prevented the cloud from becoming a critical part of customer relationship management (CRM) in the enterprise, but a recent report from the Ecommerce Times said large businesses would be wise to adopt cloud-based CRM systems quickly.<br/><br/>According to the report, businesses have been slow to deploy cloud computing solutions for CRM because of challenges associated with integrating CRM with other systems. Typically, companies will ensure their CRM systems are capable of working compatibly with software for human resources, accounting, and enterprise resource planning.<br/><br/>In cloud environments, the same interoperability is necessary, but more challenging. However, the report said advanced integration tools could solve cloud integration issues.<br/><br/>Overall, the report said companies should move quickly to develop cloud-based CRM systems because they could provide a competitive advantage that will be lost if they wait until the technology is mainstream.<br/><br/>Cloud CRM solutions could also have a significant impact on businesses dealing with complex sales environments, a recent report from Enterprise IT Planet said. According to the report, companies experiencing diverse sales cycles are using the cloud to scale their operations based on their changing needs.]]></content:encoded></item>		<item><title>SIP Trunking Can Be Critical for Enterprise Telephony</title><link>http://www.teletech.com/news/contact-center-technology/sip-trunking-can-be-critical-for-enterprise-telephony-800358584</link><pubDate>2011-01-21T00:00:00</pubDate><content:encoded><![CDATA[ In a recently released report, Paton Electronics describes the cost savings and other benefits that can be accrued if businesses use session initiation protocol trunking (SIP trunking), but warns that a few steps should be taken before integrating voice over internet protocol (VoIP) with SIP trunking.<br/><br/>The first critical step toward SIP trunking success, according to the report, is ensuring interoperability between components. Since SIP trunking allows the VoIP establishment to work in conjunction with the public branch exchange (PBX) for calls outside the business, every part of both systems must work together, the report said. Such hardware as headsets, VoIP gateways, firewalls, and SIP servers all have to be compatible for SIP trunking.<br/><br/>The report also identifies ensuring transmission quality as a key to SIP trunking. Since traditional phone lines offer almost perfect vocal reproduction, VoIP-based establishments can seem inferior. However, using monitoring tools to track bandwidth, signal routing, and other features can ensure quality performance in SIP trunking environments, the report said.<br/><br/>Least call routing is among the popular quality control tools used in SIP trunking environments. In a TMCnet report, Sue Bradshaw of Integrated Research told the news source least call routing can be critical to the long-term success of SIP trunking in the enterprise.]]></content:encoded></item>		<item><title>Report: Engage Customers in Stages</title><link>http://www.teletech.com/news/customer-management/report-engage-customers-in-stages-800355906</link><pubDate>2011-01-20T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from the Chess Media Group and Metz Consulting said social customer relationship management (CRM) is about using social media to engage consumers on a meaningful level. To successfully manage this task, the report details four stages of social CRM strategies that businesses often use to build toward fully featured solutions.<br/><br/>The first stage of social engagement, according to the report, is not using any social media to contact customers, and depending on traditional call center procedures. Stage two, where the report said most businesses currently stand, involves disparate CRM systems that vary between departments.<br/><br/>The report defines the third stage as modeled engagement, in which the company&#39;s board and various departments have a unified strategy for engaging in social media and integrated CRM with those plans.<br/><br/>By the time a company has reached stage four, titled social customer engagement, it will be capable of responding to consumers in real-time through social media and automatically using that data in conjunction with CRM.<br/><br/>Social CRM is growing quickly, and businesses are finding it to be a profitable customer service scheme. According to a recent survey from SugarCRM, 50 percent of respondents said social CRM has fueled growth within the past year.]]></content:encoded></item>		<item><title>Call Centers Have Mixed Feelings About 2011</title><link>http://www.teletech.com/news/customer-management/call-centers-have-mixed-feelings-about-2011-800353078</link><pubDate>2011-01-19T00:00:00</pubDate><content:encoded><![CDATA[ Call center managers possess mixed feelings about how the customer support market will fare in 2011, according to a survey from ProtoCall One - a U.K.-based hosted call center publication and consultancy group.<br/><br/>The main scope of the survey revealed that, among the senior contact center supervisors polled, most foresee 2011 being a difficult year despite marginal improvements in hiring and IT investments. The survey also indicated some of the cuts made by contact centers during a difficult 2010 fiscal year.<br/><br/>Results indicate that 51 percent of managers said they were forced to cut staff numbers last year, while 45 percent said they enacted pay freezes and 32 percent decreased work hours and overtime pay.<br/><br/>&quot;Our survey reveals just how tough it has been for contact centers over the past 12 months, and it shows the outlook remains challenging this year,&quot; said Rob Sherwin, head of marketing at ProtoCall One.<br/><br/>Nevertheless, there is some optimism, as 47 percent of managers said they plan to increase staff numbers between 5 percent and 20 percent in 2011. Only 5 percent of respondents said they anticipate increasing staff by more than 20 percent.&nbsp;]]></content:encoded></item>		<item><title>Technologies Can Improve Data Gathering in the Contact Center</title><link>http://www.teletech.com/news/contact-center-technology/technologies-can-improve-data-gathering-in-the-contact-center</link><pubDate>2011-01-19T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>The Spectrum Corporation recently released a whitepaper
detailing how technologies can maximize the impact collected data
can have on call center efficiency.<br />
<br />
Data gathered from interactive voice response (IVR) systems can
provide significant benefits to call center operation, the report
said. By tracking data processed by the IVR system, call center
managers can identify parts of the system that customers find
confusing, circumstances in which customer service representatives
do not respond quickly to incoming calls, and times when the
technology is not working properly.<br />
<br />
The report also pointed to predictive-dialer technology as an area
where data use can improve the contact center. By using the
predictive dialing system to calculate average call times and
closely monitor information about each specific call, the system
can be set up to dial the next customer automatically when one call
has finished, improving productivity, according to the
report.<br />
<br />
Call center technologies can also be used to improve matchmaking
capabilities. According to a recent report from 1to1 Media, call
matching technology that not only connects customers to agents
based on product knowledge, but also uses advanced agent
performance and customer reputation data metrics, can improve
customer service in the call center.</p>
]]></content:encoded></item>		<item><title>Technologies Can Improve Data Gathering in the Contact Center</title><link>http://www.teletech.com/news/contact-center-technology/technologies-can-improve-data-gathering-in-the-contact-center-800353066</link><pubDate>2011-01-19T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>The Spectrum Corporation recently released a whitepaper
detailing how technologies can maximize the impact collected data
can have on call center efficiency.<br />
<br />
Data gathered from interactive voice response (IVR) systems can
provide significant benefits to call center operation, the report
said. By tracking data processed by the IVR system, call center
managers can identify parts of the system that customers find
confusing, circumstances in which customer service representatives
do not respond quickly to incoming calls, and times when the
technology is not working properly.<br />
<br />
The report also pointed to predictive-dialer technology as an area
where data use can improve the contact center. By using the
predictive dialing system to calculate average call times and
closely monitor information about each specific call, the system
can be set up to dial the next customer automatically when one call
has finished, improving productivity, according to the
report.<br />
<br />
Call center technologies can also be used to improve matchmaking
capabilities. According to a recent report from 1to1 Media, call
matching technology that not only connects customers to agents
based on product knowledge, but also uses advanced agent
performance and customer reputation data metrics, can improve
customer service in the call center.</p>
]]></content:encoded></item>		<item><title>Report: Social CRM Provides a Competitive Advantage</title><link>http://www.teletech.com/news/customer-management/report-social-crm-provides-a-competitive-advantage-800350333</link><pubDate>2011-01-18T00:00:00</pubDate><content:encoded><![CDATA[ SugarCRM recently completed its 2010 social customer relationship management (CRM) survey, and found businesses using social CRM are experiencing a significant competitive advantage. Overall, the report concluded that 2010 was marked by reticence in enterprise social CRM deployment. However, the businesses that did deploy the solution reaped significant benefits.<br/><br/>Just 26 percent of respondents said they currently use social media in conjunction with their CRM systems. However, 50 percent of those said social CRM has helped their business grow during the past year. Furthermore, 72 percent said they intend to deploy social CRM within the next year.<br/><br/>The report concluded that 2011 should be a landmark year for social CRM because companies will increasingly deploy the technology and reap the benefits associated with reaching customers through social channels and integrating that process with the CRM systems. By 2012, the report expects social CRM to be business critical.<br/><br/>In many cases, social CRM is proving popular because it puts the focus on customers. Industry expert David Beard recently told the Consumer Business Review traditional CRM models have been failing because they focused too much on the productivity of customer service teams and not enough on consumers.]]></content:encoded></item>		<item><title>Airlines Do a Better Job Handing Customer Service During Storms</title><link>http://www.teletech.com/news/customer-management/airlines-do-a-better-job-handing-customer-service-during-storms-800347556</link><pubDate>2011-01-17T00:00:00</pubDate><content:encoded><![CDATA[ <br /> The nation&#39;s largest airlines came under fire during recent storms that significantly delayed air travel around the country. However, the airlines&#39; customer care centers provided much better service during the January 12 blizzard that bombarded the Northeast than they did during the post-Christmas blizzard at the end of 2010, The Associated Press reports.<br/><br/>Delta, American Airlines and Continental all reported improving call center operations during the January 12 storm that cancelled or delayed more than 4,000 flights, with approximately half occurring at New York City&#39;s three area airports. The improvement came after the three airlines experienced jammed call lines during the post-Christmas storm.<br/><br/>The airlines were tasked with extending working hours for respective call center operations - in some cases leaving them open for 24 hours.<br/><br/>U.S. Airways spokeswoman Valerie Wunder told the Associated Press that the carrier utilized a clause in employee contracts that enforces overtime hours under such conditions. However, the AP notes that customer service issues were mitigated by fewer travelers in January than during the holiday season.<br/><br/>Customer care problems have increased partially due to employee layoffs, which have decimated the airline industry in recent years. The AP reports that U.S. carriers have removed 160,000 jobs over the last 10 years.]]></content:encoded></item>		<item><title>Technology Can Help Balance Call Center Spending</title><link>http://www.teletech.com/news/contact-center-technology/technology-can-help-balance-call-center-spending-800347525</link><pubDate>2011-01-17T00:00:00</pubDate><content:encoded><![CDATA[ Customer service is among the most important characteristics consumers use to judge a telecom provider. According to a recent report from Billing and OSS World, telecoms need to balance their call center investments to help drive revenue.<br/><br/>Robert Lamb, telecom customer service expert, told the news source telecoms can manage the balance of their call center spending by maximizing technologies capable of improving efficiency while reducing costs.<br/><br/>The unified desktop is one of the critical call center technologies Lamb discussed. He said customer service employees should not have to shuffle through myriad applications while talking with consumers, and should be able to unify those applications.<br/><br/>Lamb said switching to an internet protocol (IP) solution, such as a voice over internet protocol (VoIP) establishment, can be key to creating an ideal call center environment. In many cases, companies will lease their technological systems to avoid significant investments.<br/><br/>One way to reduce call center expenses could be to move to a hosted mobile VoIP solution. According to a recent report from In-Stat, mobile VoIP allows companies to integrate their various call center hardware solutions onto a single mobile device.]]></content:encoded></item>		<item><title>Mobile VoIP Set for Rapid Expansion</title><link>http://www.teletech.com/news/contact-center-technology/mobile-voip-set-for-rapid-expansion-800344610</link><pubDate>2011-01-14T00:00:00</pubDate><content:encoded><![CDATA[ Recent research from In-Stat found the mobile voice over internet protocol (VoIP) market is primed for rapid growth. According to the report, the mobile VoIP industry could reach $6 billion in revenues between now and 2015.<br/><br/>Overall, businesses are attracted to mobile VoIP because it provides a flexible platform for integrated communications that can essentially move the functions of a traditional desktop telephone onto a mobile device.<br/><br/>Amy Cravens, market analyst at In-Stat, said mobile VoIP solutions are moving from their role as a fringe enterprise technology to a primary communications tool within the call center. This is allowing customer service employees to use their mobile devices as tools for such unified communications functions as voice, instant messaging and email, Cravens said.<br/><br/>While mobile operators have traditionally served as barriers to mobile VoIP adoption, the report expects that trend to change as mobile operators begin to drive mobile VoIP momentum. As a result, the In-Stat report anticipates mobile VoIP will grow to 10 times its current size by 2015.<br/><br/>VoIP services have been growing for the past few years despite economic challenges. According to a recent report from Research and Markets, VoIP&#39;s growth can be attributed to new technological advances and its ability to reduce operational costs.]]></content:encoded></item>		<item><title>Report: IaaS Gaining Steam</title><link>http://www.teletech.com/news/contact-center-technology/report-iaas-gaining-steam-800341769</link><pubDate>2011-01-13T00:00:00</pubDate><content:encoded><![CDATA[ Companies are increasingly turning to Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) deployments to outsource their internal IT infrastructure or consolidate their systems into an on-premise cloud. According to a recent Saugatuck Technologies report, many businesses are neglecting other IT upgrades in favor of IaaS and PaaS.<br/><br/>Between now and 2015, the report anticipates companies will expand their investments in IaaS and PaaS clouds in an effort to reduce costs and replace aging business intelligence and storage solutions.<br/><br/>Overall, the report predicts approximately 65 percent of all new enterprise spending between now and 2015 will go toward deploying hosted or on-premise IaaS and PaaS systems. By 2015, 25 percent of all IT workloads will likely exist within cloud computing environments, the report said.<br/><br/>Because the cloud is growing so quickly, the report said businesses willing to invest in cloud computing for a variety of functions, such as customer service or storage technologies, will gain a competitive advantage in their industry and be positioned for success.<br/><br/>According to another report from Saugatuck Technologies, improved economic conditions are leading to increased investments in new technological systems. As a result, companies are expected to spend heavily to deploy cloud solutions in 2011.]]></content:encoded></item>		<item><title>Russian Customer Care Service Ready For Further Expansion</title><link>http://www.teletech.com/news/customer-management/russian-customer-care-service-ready-for-further-expansion-800339367</link><pubDate>2011-01-12T00:00:00</pubDate><content:encoded><![CDATA[ The outsourced customer care market in Russia has been on the rise and is set for further expansion, according to data from Frost &amp; Sullivan. The market research company revealed that Russia, which generated approximately $184 million in customer care revenue in 2009, is ready for further growth after continued reductions in budgetary restrictions.<br/><br/>The reduced roadblocks will allow for further expansion of the outsourced customer care market, led by interactive voice response (IVR) systems, Frost &amp; Sullivan reports. That trend should obtain greater momentum in the future, Iwona Petruczynik, a research analyst at Frost &amp; Sullivan, told UK-based Contact-Centres.<br/><br/>For now, however, the growth of IVR technology has been somewhat muted as customers continue to lean more toward live-voice customer care agents.<br/><br/>&quot;Sometimes their &#39;sense of self&#39; means needing immediate and direct staff interaction to answer a pressing question or resolve an urgent need,&quot; Pascal Metivier, CEO and founder of OpenWays, told HospitalityNet.org.<br/><br/>While IVR technology remains something of a secondary options for Russian customer care centers, Petruczynik predicts that the technology will gain greater widespread approval over the next three to five three to five years.]]></content:encoded></item>		<item><title>Report: Technology Changing Customer Expectations</title><link>http://www.teletech.com/news/contact-center-technology/report-technology-changing-customer-expectations-800337649</link><pubDate>2011-01-12T00:00:00</pubDate><content:encoded><![CDATA[ A recent study performed by Strategy Meets Action found consumer expectations for customer service are changing because consumers are increasingly adopting new technologies and pushing contact centers to respond through the same channels.<br/><br/>As a result, companies are increasingly forced to adopt new technologies, such as social media marketing and cloud computing to reach customers.<br/><br/>&quot;Next-gen technologies are altering product and service expectations, and changing the way applications are developed as well as how technology-based solutions are implemented and delivered,&quot; said Deborah Smallwood, founder of Strategy Meets Action.<br/><br/>The report said social media is creating a number of new challenges in the customer service industry, as the technology has enabled consumers to change many traditional concepts of how businesses communicate with consumers.<br/><br/>Cloud computing is changing the way call center and other customer service-related applications are delivered, creating new avenues for marketing, collaboration, and information hosting, the report said.<br/><br/>New customer service technologies are having a significant impact on call centers. According to a recent Yankee Group report, social media and other technological tools are changing the contact center industry from a phone-centric establishment to a diverse utility for interaction with consumers.]]></content:encoded></item>		<item><title>Philippines Passes India As Call Center Leader</title><link>http://www.teletech.com/news/customer-management/philippines-passes-india-as-call-center-leader-800336430</link><pubDate>2011-01-11T00:00:00</pubDate><content:encoded><![CDATA[ The Philippines has surpassed India as the global leader in hosting call centers and outsourced customer care, according to new data released on Monday from the Contact Center Association of the Philippines. The report revealed that the country now boasts 350,000 service center employees, compared to 330,000 in India.<br/><br/>The association estimates that the Philippines generated $6.3 billion in business process outsourcing revenue in 2010, with expectations that the figure will grow by 15 to 20 percent in coming years. That prediction was reinforced by the Business Processing Association of the Philippines which calls for similar growth.<br/><br/>&quot;It&#39;s a bit of a coming-out party, because the Philippines has been undermarketed,&quot; John McCarthy, an outsourcing expert at Forrester Research in Cambridge, Massachusetts, told UPI. &quot;Clearly, the Philippines has become the preferred location for companies serving Americans.&quot;<br/><br/>Meanwhile, the Dallas-based Everest Group estimates Indian BPO created $5.6 billion to $5.9 billion in revenue last year.<br/><br/>The Filipino government expects business process outsourcing activity to create more than $100 billion by 2020 - roughly 20 percent of the global market.]]></content:encoded></item>		<item><title>IVR Expected to Expand in Light of Economic Climate</title><link>http://www.teletech.com/news/contact-center-technology/ivr-expected-to-expand-in-light-of-economic-climate-800336489</link><pubDate>2011-01-11T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from Global Industry Analytics said interactive voice response (IVR) has grown substantially since its infancy as a dual-tone-multi-frequency technology. IVR systems are capable of removing the human element from basic customer service interactions, improving call center efficiency, and reducing costs.<br/><br/>According to the report, the IVR industry was hit hard by the economic recession in 2008, 2009, and 2010, but the core principles that govern IVR&#39;s success remained intact during the period. Subsequently, IVR is positioned for a period of growth due to economy recovery.<br/><br/>To a certain extent, the recession changed the expectations of consumers, the report said. They became more focused on maximizing the value of their purchases, and subsequently were more frustrated when products did not work properly. As a result, customer service became more important, and companies are beginning to invest in new contact center technologies, according to the report.<br/><br/>As companies install new customer service technologies, IVR&#39;s maturation could have a positive impact on its potential. According to a recent TMCnet report, IVR was marred in its early days because poor systems frustrated customers. However, the report said consumers prefer IVR as long as the solution is well designed and functions properly.]]></content:encoded></item>		<item><title>UK Government Bodies Moving To Cloud Computing in 2011</title><link>http://www.teletech.com/news/contact-center-technology/uk-government-bodies-moving-to-cloud-computing-in-2011-800336439</link><pubDate>2011-01-11T00:00:00</pubDate><content:encoded><![CDATA[ Bodies of the U.K. government will likely move to cloud computing in 2011, choosing business process outsourcing to streamline and improve efficiencies in central information technology habits, according to a report from Ovum.<br/><br/>An Ovum analyst predicts such a move will be made by certain areas of the U.K. government to cut costs, while other departments will relent due to security and privacy issues. Nevertheless, the potential move shows the continued growth and breadth of this BPO practice.<br/><br/>&quot;Governments should push beyond knee-jerk cost-cutting measures and adopt a long-term vision of how fundamental changes to the way they deliver services will bring efficiency,&quot; said Jessica Hawkins, Ovum analyst and author of the report.<br/><br/>&quot;We expect to see consumption-based and shared delivery models gaining momentum in 2011, as agencies become more open to the efficiencies that a cloud-based approach can offer,&quot; Hawkins continued.<br/><br/>Hawkins also acknowedged that cloud computing providers should prepare for possible government clients and adapt their businesses and services to meet potential demands.<br/><br/>In 2009, the U.K. government moved to a G-cloud internal computing system as a means to reduce its carbon footprint, the Guardian reports.]]></content:encoded></item>		<item><title>VoIP Becoming Critical for Businesses</title><link>http://www.teletech.com/news/contact-center-technology/voip-becoming-critical-for-businesses-800333318</link><pubDate>2011-01-10T00:00:00</pubDate><content:encoded><![CDATA[ Businesses regularly invest in upgrades to bring the most recent technologies to the enterprise, improving productivity and efficiency. However, the core elements of telephony services have barely changed in recent years, with networks still depending on local wiring and circuitry to govern their phone services.<br/><br/>According to a recent report from the Press and Journal, the wire-based system for telephone establishments is finally being replaced by voice over internet protocol (VoIP) systems that allow users to make international calls for comparable prices to local ones.<br/><br/>The report said recent innovations in broadband technology are allowing companies to leverage advanced VoIP systems that are capable of unifying communication tools, such as voice, video, text messaging, and informational applications.<br/><br/>VoIP&#39;s popularity is also rising because it is relatively easy to install by either upgrading to new VoIP handsets or plugging a traditional phone into an Ethernet port instead of a phone line. Overall, the report said VoIP is quickly developing into a standard form of communication throughout the world.<br/><br/>In recent years, VoIP systems have undergone significant expansion. According to a recent Express Computer report, VoIP has grown to become a key cog in unified communications systems that integrate a diverse range of telephony solutions.]]></content:encoded></item>		<item><title>Gartner: Cloud Computing Impacting Hosting and Outsourcing Markets</title><link>http://www.teletech.com/news/contact-center-technology/gartner-cloud-computing-impacting-hosting-and-outsourcing-markets-800333619</link><pubDate>2011-01-10T00:00:00</pubDate><content:encoded><![CDATA[ Gartner Research recently released its Magic Quadrant for Infrastructure-as-a-Service (IaaS). The Magic Quadrant details the companies leading innovation, quality, and growth in a given industry, but Gartner&#39;s recent report also provides insight into a number of emerging trends in IaaS as an outsourcing tool.<br/><br/>The report said IaaS is having a marked impact on the outsourcing market because the new model for delivering IT infrastructure is causing more companies to consider outsourcing their internal departments. Self-managed IaaS, complex managed hosting, and lightly managed IaaS are currently the most popular hosting models.<br/><br/>Self-managed IaaS is ideal for companies wanting to outsource the machines, but maintain on-premise staff. Complex managed hosting is the primary plan for full IT outsourcing through IaaS, the report said, and lightly managed IaaS serves as a middle ground between the two.<br/><br/>Cloud computing services are also having a marked impact on customer service. According to a recent research report from Strategy Meets Actions, consumers increasingly expect businesses to respond quickly and effectively to their expectations. As a result, cloud solutions for analytics, social media marketing, and mobile applications are becoming critical in the enterprise, the report said.&nbsp;]]></content:encoded></item>		<item><title>Report: Executives Holding Back Social CRM</title><link>http://www.teletech.com/news/customer-management/report-executives-holding-back-social-crm-800330481</link><pubDate>2011-01-07T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from CRM Buyer said social customer relationship management (CRM) plans are being held back by executives who are afraid to deploy unproven technologies.<br/><br/>According to the report, the customer service employees that regularly interact with consumers are witnessing the benefits of social CRM, and are confident the technology could have a significant positive impact on their productivity and ability to communicate with consumers.<br/><br/>Despite this confidence, the report said C-level executives are holding back social CRM deployments because they struggle to see a clear return on investment (ROI) with new plans. However, new tools have been developed to measure ROI and executives should be able to look past the uncertainty, the report said.<br/><br/>C-Level executives are also slow to deploy social CRM because they are waiting for best practices to develop. The report warns this could be a dangerous tactic because competitors will often be the ones discovering those best practices.<br/><br/>In many cases, successfully measuring social CRM&#39;s ROI depends on establishing a clear distinction between the tools of social CRM and its strategic role. According to a SmartData Collective report, social CRM is the strategy used to develop consumer trust, and social media is the technology used to enact that strategy.]]></content:encoded></item>		<item><title>The Philippines Eyeing BPO Growth</title><link>http://www.teletech.com/news/enterprise-management/the-philippines-eyeing-bpo-growth-800330469</link><pubDate>2011-01-07T00:00:00</pubDate><content:encoded><![CDATA[ Cebu City, Philippines, has maintained steady growth as a business process outsourcing (BPO) destination despite rising concerns that the local workforce will not be capable of providing enough manpower to serve the industry.<br/><br/>According to a recent report from the Inquirer Global Nation, challenges in recruitment, power supply and infrastructure have hampered BPO growth in Cebu City, but have not been able to derail expansion efforts.<br/><br/>Benedict Hernandez, president of the Contact Center Association of the Philippines, told the news source recruitment issues have been impacting Cebu City&#39;s BPO efforts for eight years, but it has not prevented the industry from growing during that time.<br/><br/>&quot;There&#39;s that appetite for growth. Demand is there and people have started to react to this. Organizations are linking with the academy to ensure steady supply of quality manpower. That&#39;s the reason the industry remains booming,&quot; Hernandez told the news source.<br/><br/>Hernandez also said local officials are dealing with power supply and other infrastructure issues by constructing new power plants and improving power rate regulations to improve consistency.<br/><br/>Overall, the Philippines&#39; BPO industry is growing quickly. The nation&#39;s Department of Labor recently released a report anticipating approximately 850,000 new BPO jobs will open 2011.]]></content:encoded></item>		<item><title>Report: Customer Input, Integration Becoming Critical for CRM Strategies</title><link>http://www.teletech.com/news/customer-management/report-customer-input-integration-becoming-critical-for-crm-strategies-800327913</link><pubDate>2011-01-06T00:00:00</pubDate><content:encoded><![CDATA[ Forrester&#39;s William Band recently released a list of top customer relationship management (CRM) trends that could emerge in the new year. According to the report, businesses are expected to increase their focus on the customer and place more value on consumer input. Integration between ecommerce and CRM systems is also becoming critical.<br/><br/>Band said companies are turning to voice of the customer initiatives that allow the organization to capitalize on unsolicited consumer advice. As a result, organizations are catering their traditional and social CRM schemes to meet the needs of customers based on comments made online.<br/><br/>The new level of consumer interaction is becoming possible because new tools for social media mining allow organizations to track consumer comments on forums and social networking sites effectively, responding appropriately and taking consumer opinion&#39;s into account when developing CRM programs.<br/><br/>Businesses will also use improved technologies to integrate their ecommerce, business intelligence, CRM and centralized order management systems into a cohesive, web-based platform that facilitates communication between sectors and improves efficiency.<br/><br/>While social CRM is becoming more important as new technologies emerge and more consumers turn to social media, many organizations lack cohesive social CRM platforms, according to a recent TMCnet report.&nbsp;]]></content:encoded></item>		<item><title>CRM Could Significantly Impact Revenues</title><link>http://www.teletech.com/news/customer-management/crm-could-significantly-impact-revenues-800327903</link><pubDate>2011-01-06T00:00:00</pubDate><content:encoded><![CDATA[ Customer relationship management (CRM) could have the potential to drastically affect a business&#39; income. According to a recent Forrester company blog post by William Band, a number of new movements in CRM are changing the way organizations address customers.<br/><br/>The report said new revenue-related revelations will help companies understand how to best distribute resources in customer management.<br/><br/>One of those revelations will come as more businesses begin to recognize the impact poor customer service has on revenue. Forrester has found that inferior CRM schemes have a negative financial impact on companies. This is especially prevalent because consumers expect to be reached through multiple communication channels.<br/><br/>The enterprise will also gain a new sense of clarity on the revenue generation potential of social CRM. Companies have struggled to weigh the return on investment (ROI) associated with engaging consumers socially, the report said, but 2011 could see significant growth in this area as new tools help companies gain a clear grasp on social CRM&#39;s benefits.<br/><br/>CRM will also be impacted by business process management (BPM) in the coming year. According to a recent company blog post from Gartner&#39;s Jim Sinur, BPM is helping businesses maximize their processes and improve their public image in light of new CRM technologies.]]></content:encoded></item>		<item><title>Gartner: BPM to Become More Influential in the Coming Decade</title><link>http://www.teletech.com/news/enterprise-management/gartner-bpm-to-become-more-influential-in-the-coming-decade-800325213</link><pubDate>2011-01-05T00:00:00</pubDate><content:encoded><![CDATA[ In a recent post on the Gartner company blog, Jim Sinur, vice president at Gartner Research, outlined a number of effects business process management (BPM) could have in the next 10 years.<br/><br/>According to Sinur, BPM will drive enterprise cost savings. He said companies that follow the proper guidance and devote employees with quality skill sets to BPM could reap significant financial benefits from the process. Any investment in BPM is likely to deliver savings, even small projects for modeling and measurements, Sinur said.<br/><br/>BPM also has the potential to improve process and maximize efficiency in businesses. Sinur said BPM generates a level of transparency in businesses while also changing the culture to focus on process improvement. As a result, companies can improve the quality of their business processes and use BPM to enact policies for real-time governance and continual process-related growth.<br/><br/>Innovation is another key result of BPM, Sinur said, because companies can use the tactic to upgrade and enhance their processes as new technologies and procedures are developed.<br/><br/>Customer relationship management is also being impacted by BPM. According to a recent company blog post from Forrester&#39;s William Band, companies are increasingly moving customer service personnel to the front office and using BPM for process and quality control.]]></content:encoded></item>		<item><title>Report: Content Marketing Changing Customer Acquisition Paradigms</title><link>http://www.teletech.com/news/revenue-generation/report-content-marketing-changing-customer-acquisition-paradigms-800324927</link><pubDate>2011-01-05T00:00:00</pubDate><content:encoded><![CDATA[ Traditional schemes for online marketing and customer acquisition were driven by efforts to bring the largest number of consumers possible to a company&#39;s website. Once there, however, consumers often left the page quickly, bouncing to another site.<br/><br/>According to a recent InformIT report, advertising is increasingly switching to a content-based approach that focuses less on bringing customers to the site, but instead puts the emphasis on keeping consumers engaged once they have arrived.<br/><br/>The report said traditional online marketing plans were focused on bringing users to a site without worrying about engaging them once they were there. Now, businesses are worrying less about driving a large number of page views, and are instead focused on having consumers spend more time engaged in the site&#39;s content once they are at the site.<br/><br/>Engaging consumers also leaves them more likely to leave the website with a positive opinion of the brand, improving customer acquisition by increasing the percentage of consumers that purchase goods after visiting the site, the report said.<br/><br/>Search-based marketing efforts are also becoming more influential on consumers. A recent report from J. P. Morgan said search-based marketing resources are becoming essential as content creation and distribution becomes less expensive.]]></content:encoded></item>		<item><title>New Trends Could Mold Customer Service Industry</title><link>http://www.teletech.com/news/customer-management/new-trends-could-mold-customer-service-industry-800322848</link><pubDate>2011-01-04T00:00:00</pubDate><content:encoded><![CDATA[ According to a recent report from Forrester Research, the customer service industry should anticipate a number of emerging trends for the new year as it grows, and companies deploy new solutions in 2011.<br/><br/>One of the major changes facing the customer service industry, the report said, is the standardization of customer service operations over multiple channels. Communication over a variety of channels, such as self-service online applications, voice, video, text-based chat, and social media, is expected to become critical to customer service efforts in the new year.<br/><br/>The report also anticipates some back-office customer service tasks will be moved to the front-office to increase service quality, employee training, and ensure workers followsecurity and compliance standards. As a result, more companies will move customer service employees involved with business process management into the front office.<br/><br/>Mobility is also expected to impact customer service in 2011, with businesses increasingly deploying mobile solutions that allow employees to address customer issues from remote locations flexibly, the report said.<br/><br/>Customer service as a whole is expected to grow in 2011. According to a report from 1to1 Media, new customer relationship management technologies and advanced processes are creating an environment for improved customer service in the new year.]]></content:encoded></item>		<item><title>Report: Unified Communications Overcoming PBX Systems</title><link>http://www.teletech.com/news/contact-center-technology/report-unified-communications-overcoming-pbx-systems-800321260</link><pubDate>2011-01-04T00:00:00</pubDate><content:encoded><![CDATA[ For decades, businesses have built their telephony solutions on public branch exchange (PBX) systems. The technology adapted well to innovations and was able to advance and grow as voice over internet protocol (VoIP), hosted call center solutions, and other developments emerged.<br/><br/>According to a recent Processor report, unified communications platforms that consolidate VoIP, video, voice, and instant messaging into one business-oriented system are beginning to supplant PBX systems in the workplace.<br/><br/>The report said savings on international and long distance calls are one of the most important benefits associated with VoIP technologies. Because VoIP uses an internet connection to transmit calls, distance is no longer an issue and every conversation is treated as a local one.<br/><br/>Unified communication is also capable of significantly impacting overall call center efficiency and productivity because it allows customer service employees to leverage advanced applications through presence-related tools that help identify how to best handle calls before picking up, the report said.<br/><br/>VoIP is not the only emerging telephony system saving businesses money. According to an earlier report from Processor, businesses are increasingly turning to hosted PBX providers to move their telephony systems off-premise, reducing operating and hardware costs.]]></content:encoded></item>		<item><title>Report: SaaS, Social Media Impacting the Call Center</title><link>http://www.teletech.com/news/contact-center-technology/report-saas-social-media-impacting-the-call-center-800320292</link><pubDate>2011-01-03T00:00:00</pubDate><content:encoded><![CDATA[ The hosted call center industry is experiencing a significant period of change because new technologies, such as SaaS and social media, are allowing customer service representatives to work more efficiently. According to a recent No Jitter report, the influx of SaaS and social media in the contact center realm could be one of 2011&#39;s most noteworthy trends.<br/><br/>To a certain extent, SaaS and Social Media are having a similar effect on call centers. The report said the two technologies are impacting product development related to call centers, as businesses are able to use the technologies to leverage secure and industry-specific applications.<br/><br/>The primary difference between the two technologies comes in revenue generation. The report said SaaS has significant potential for revenue generation in the call center because it is capable of providing a unique level of flexibility and efficiency. Social media, on the other hand, can be used as a creative marketing tool, but experts have struggled to evaluate its actual return on investment.<br/><br/>While social media&#39;s revenue potential is unclear, it is capable of reaching customers in a unique way. According to a recent Internet Evolution report, consumers are increasingly using social media to vent about companies. As a result, call centers are using software that mines social media.]]></content:encoded></item>		<item><title>Report: Customer Service Should Be the CEO's Focus</title><link>http://www.teletech.com/news/customer-management/report-customer-service-should-be-the-ceo-s-focus-800318429</link><pubDate>2010-12-30T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from the Huffington Post details a number of important tasks Chief Operating Officers (CEO) should focus on when it comes to marketing in 2011. The overriding theme of these tasks is that the CEO needs to focus first and foremost on the customer and how the company looks in the customer&#39;s eyes.<br/><br/>One of the first key marketing tools for customer acquisition is the website. While CEOs rarely design or closely interact with the website&#39;s development, the report said the executives should ensure the website communicates the organization&#39;s brand identity to the customer.<br/><br/>After performing a variety of user surveys, the Huffington Post has found most consumers are unhappy with websites because they cater primarily to the company, rather than reaching out to consumers and becoming a branch of the organization&#39;s customer service plans.<br/><br/>The report also said CEOs should focus on giving customer service personnel the respect they deserve in the business, as the call center workers are often the primary connecting point between the organization and consumers.<br/><br/>Social media is another key way to reach out to consumers for customer acquisition. According to a report from Industry Week, social media is quickly becoming a dominant channel for customer outreach and management.]]></content:encoded></item>		<item><title>Report: IVR Upgrades Should Not Be Avoided</title><link>http://www.teletech.com/news/contact-center-technology/report-ivr-upgrades-should-not-be-avoided-800318345</link><pubDate>2010-12-30T00:00:00</pubDate><content:encoded><![CDATA[ In the early years of interactive voice response (IVR) systems, companies often struggled to commit to new upgrades because changing the programming and hardware was such a challenge that it negated the benefits of a new IVR establishment.<br/><br/>According to a recent report from TMCnet, IVR upgrades are not nearly as difficult with current technologies, and enhanced IVR systems can create opportunities for growth and improved customer service in the call center.<br/><br/>The report said companies neglecting to update their IVR systems could be creating more trouble than they can handle because consumers are becoming increasingly frustrated by inferior IVR programs.<br/><br/>Overall, the report said customers tend to prefer IVR as long as the program works well and is designed for efficiency. However, older IVR programs that struggle to respond well to user commands and lack sophistication often frustrate customers.<br/><br/>By using a hosted IVR solution, the product can be delivered on-demand, reducing any need for major internal changes and upgrades, the report said. This allows businesses to deploy an elite IVR solution without the hassle of installation.<br/><br/>Hosted solutions are becoming increasingly popular for almost all aspects of the call center. According to a recent Infonetics Research report, telecommunications and other related services are increasingly being outsourced by businesses.<br /> &nbsp;]]></content:encoded></item>		<item><title>Telecom Among Industries Expanding Outsourcing Efforts</title><link>http://www.teletech.com/news/enterprise-management/telecom-among-industries-expanding-outsourcing-efforts-800318425</link><pubDate>2010-12-30T00:00:00</pubDate><content:encoded><![CDATA[ Amid significant outsourcing growth in the business process outsourcing (BPO) and knowledge outsourcing industries, other sectors are also experiencing expansion.<br/><br/>According to a recent report from Infonetics Research, telecom companies are increasingly outsourcing their front office, back office and IT departments in an effort to reduce costs and maintain competitiveness in the industry.<br/><br/>&quot;Fierce competition among telecom service providers around the world is driving them to increase operating expenses, and that in turn is forcing service providers to outsource more of their network tasks,&quot; said Stephane Teral, principal analyst at Infonetics Research.<br/><br/>Overall, the telecom industry&#39;s efforts toward outsourcing have grown by approximately 8 percent in year-over-year expansion since 2009. A number of major outsourcing deals have been signed in the period, and Infonetics expects the telecom industry to continue its growth as an important sector for outsourcing.<br/><br/>The Philippines was one of the countries most affected by outsourcing growth in 2010. Fernando Fajardo, a professor of economics and executive director of Cebu Strategic Studies Center, told the Cebu Sun Star the country&#39;s BPO will be one of its critical areas for economic growth in coming years.]]></content:encoded></item>		<item><title>Report: CRM Entering a New Technological Age</title><link>http://www.teletech.com/news/customer-management/report-crm-entering-a-new-technological-age-800316013</link><pubDate>2010-12-29T00:00:00</pubDate><content:encoded><![CDATA[ Technological overhauls usually occur once every 10 years, as companies recognize their legacy systems need to be upgraded and a partial solution will not quite get the job done. According to a recent report from CRM Buyer, the customer relationship management (CRM) industry has hit its 10-year milestone, and organizations are looking to the cloud to enhance their services.<br/><br/>The report said cloud-based CRM software is creating new opportunities for increased productivity, reducing costs, and generating new opportunities for revenue. As a result, companies are quickly moving to gain a competitive advantage by using hosted and cloud-based CRM systems.<br/><br/>New, cloud-based analytics tools are among the innovative software systems having a significant impact on the CRM industry. The report said businesses are facing growing amounts of consumer data pouring into their systems. Analyzing that data can become oppresive with traditional software systems. However, using cloud-based CRM solutions, organizations can manage and analyze their customer data efficiently, maximizing their ability to serve consumers.<br/><br/>Cloud computing is also impacting CRM by enabling social media. According to a recent TMCnet report, social media is becoming a critical tool for social CRM because more consumers and businesses are turning to the forum to engage in conversations.]]></content:encoded></item>		<item><title>Customers Becoming the Focus of Sales Efforts</title><link>http://www.teletech.com/news/revenue-generation/customers-becoming-the-focus-of-sales-efforts-800313945</link><pubDate>2010-12-28T00:00:00</pubDate><content:encoded><![CDATA[ Historically, sales and revenue generation have been marked by efforts to work sales in around the rest of what the company does, leaving customers at the periphery. According to a recent report from Customer Think, centering companies holistically around the customer is one of a number of trends emerging in the new year.<br/><br/>According to the report, companies will increasingly center their organizational charts around customers in 2011, improving the potential of revenue generation and customer relationship management (CRM) programs.<br/><br/>The report also said businesses will turn to innovative technologies to increase sales in the new year. While sales has always been quick to adopt new ways to reach consumers, emerging technologies are dramatically impacting the industry, demanding response from enterprise sales departments.<br/><br/>The report also expects collaboration to become a critical part of sales growth in 2011. Companies will increasingly use business-specific social media to drive inter-business collaboration and social learning to develop employees and increase the benefits associated with sales.<br/><br/>While new technologies continue to emerge and positively impact revenue generation in the enterprise, a recent report from VentureBeat said well-designed email marketing campaigns can be incredibly effective. The report said email is capable of capturing a company&#39;s intent better than most other marketing tactics.]]></content:encoded></item>		<item><title>New Technologies Could Create a CRM Boom</title><link>http://www.teletech.com/news/customer-management/new-technologies-could-create-a-crm-boom-800313002</link><pubDate>2010-12-27T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from CRM Buyer said emerging technologies are impacting the customer relationship management (CRM) industry, leading to a potential boom.<br/><br/>According to the report, social media, mobile devices, and analytics have emerged to irreversibly change the CRM landscape, making it more social and allowing workers to easily reach consumers.<br/><br/>The new social CRM boom could come as organizations begin to integrate these three technologies. The report said CRM vendors often keep on top of new technologies, negating the need for the 10-year overhaul that IT often faces. However, the ability to unify these three technologies and significantly expand CRM could lead to a new influx of technological upgrades in the sector.<br/><br/>As a result, the report said organizations could improve productivity without having to invest in more workers. By upgrading technologies and improving the IT infrastructure of social CRM, organizations may be able to experience significant growth through minimal investment, the report said.<br/><br/>Social CRM is quickly becoming a pervasive part of enterprise operations. According to a recent GigaOm report, 2010 was the first year of mainstream social CRM. The report said companies need to use social CRM to pursue consumers aggressively in 2011, and not just consider it a defensive customer service strategy.]]></content:encoded></item>		<item><title>Social Media ROI Can Be Monitored</title><link>http://www.teletech.com/news/customer-management/social-media-roi-can-be-monitored-800311020</link><pubDate>2010-12-23T00:00:00</pubDate><content:encoded><![CDATA[ A recent Media Profs report explains many companies may hit a social media wall in 2011 because major businesses are struggling to measure the return on investment (ROI).<br/><br/>The Media Profs said there are a few tactics successful enterprises use to measure ROI and maintain profitable social media campaigns. Ecommerce is one of those tactics. By strategically placing advertisements and other references throughout the internet that link back to an ecommerce site, businesses can use the social nature of the web for customer acquisition. Once users click the link, monitoring software can track visitors, providing a clear image of user behavior.<br/><br/>Lead generation is another tactic the Media Profs cited as an important part of social media marketing. Companies unable to sell their goods online often use the web as a tool to generate connections with interested parties that could eventually make purchases. By publishing whitepapers, industry news, podcasts and videos on a website, organizations can generate new leads through web traffic.<br/><br/>Developing successful social media marketing plans requires a significant investment. According to a recent survey performed by R2 integration, 42 percent of respondents said their organization struggled with social media because it did not put enough time and resources into the tactic.]]></content:encoded></item>		<item><title>Social Media Creating Opportunities for Enterprise Collaboration</title><link>http://www.teletech.com/news/customer-management/social-media-creating-opportunities-for-enterprise-collaboration-800311016</link><pubDate>2010-12-23T00:00:00</pubDate><content:encoded><![CDATA[ Social media is having a marked impact on major businesses as they use the tools for customer relationship management (CRM), marketing, and a number of internal operations, such as social learning. All of this can be achieved because social media designed specifically for the enterprise creates an enhanced environment for collaboration and interaction between employees.<br/><br/>According to a recent Gartner report, enterprise social media is expected to grow rapidly in the near future. Gartner found international spending on enterprise-class social media grew to $664 million in 2010, representing a 14.9 percent year-over-year growth. In 2011, Gartner expects enterprise social media spending to expand by an additional 15.7 percent, reaching $769.2 million in international spending.<br/><br/>Enterprise-specific social media is also expanding because organizations can use proprietary software to deploy internal social networks that are secure, reliable, private, and flexible, Gartner said.<br/><br/>One of the most popular proprietary social media platforms is Salesforce.com&#39;s Chatter. Earlier this month, at Salesforce&#39;s Dreamforce conference, the company announced it will offer businesses a free version of Chatter to demonstrate its utility before purchasing the complete platform.]]></content:encoded></item>		<item><title>Report: Hospitality Industry Underestimating Benefits of IVR</title><link>http://www.teletech.com/news/contact-center-technology/report-hospitality-industry-underestimating-benefits-of-ivr-800311027</link><pubDate>2010-12-23T00:00:00</pubDate><content:encoded><![CDATA[ A IVR World report said the hospitality industry is neglecting the benefits of interactive voice response (IVR) systems can have on it, and should move quickly to deploy IVR technologies.<br/><br/>According to the report, IVR can be used to manage almost all functions associated with hotel booking. By using an IVR system as part of the booking process, hotels can use caller identification systems to identify the location of incoming callers and greet users in their native language. Automated systems can provide information on room types, availability, prices, amenities, and other hotel features as well, simplifying the process for customers and the establishment.<br/><br/>IVR menus can also be established on the hotel&#39;s internal lines to connect guests to specific services automatically. Using IVR, establishments can create a menu of its available amenities, such as laundry, room service, rentals, and concierge, connected customers directly to their area of interest.<br/><br/>IVR is sometimes considered a challenging technology to deploy effectively because it depends on customer response to report technical issues. That is changing, according to a recent TMCnet report, because companies are increasingly offering IVR monitoring tools that help organizations maintain the integrity of their IVR systems.]]></content:encoded></item>		<item><title>Mobile VoIP Can Save Businesses Money</title><link>http://www.teletech.com/news/contact-center-technology/mobile-voip-can-save-businesses-money-800311022</link><pubDate>2010-12-23T00:00:00</pubDate><content:encoded><![CDATA[ ZDNet recently released a report detailing a number of benefits mobile voice over internet protocol (VoIP) services can have on large businesses. According to the report, VoIP can make it easier for business users to communicate consistently and reliably, saving companies money.<br/><br/>According to ZDNet&#39;s report, mobile VoIP can improve collaboration between employees because it allows them to constantly connect with each other while leveraging advanced applications and easily performing conference calls to improve productivity.<br/><br/>It is also easier for users to connect to networks and maintain consistent connectivity using VoIP technologies, the report said. Since VoIP uses WiFi, it is available more consistently and in more global locations, allowing users to connect more easily. In turn, the dependence on an internet connection essentially negates negative performance associated with international calls.<br/><br/>Using the internet for mobile calls also reduces costs, as the lack of phone lines makes every call function like a local one. Furthermore, the improved communication and collaboration that results from VoIP establishments improves productivity, the report said.<br/><br/>VoIP can also reduce costs by enhancing productivity for mobile workers. According to a recent InformationWeek report, VoIP technologies are becoming popular for remote workers, helping them work effectively from a variety of locations.<br /> &nbsp;]]></content:encoded></item>		<item><title>The Philippines Has Come a Long Way as a Call Center Destination</title><link>http://www.teletech.com/news/enterprise-management/the-philippines-has-come-a-long-way-as-a-call-center-destination-800311029</link><pubDate>2010-12-23T00:00:00</pubDate><content:encoded><![CDATA[ According to a recent report from the Manilla Bulletin, the call center industry in the Philippines began with basic services providing email response and management services. Over the years, the industry has progressed rapidly, and the Philippines is now one of the most popular contact center outsourcing destinations.<br/><br/>The report said many United States-based organizations are beginning to favor the Philippines over other international destinations for call center outsourcing. Overall, the Philippines&#39; popularity comes because the country&#39;s population has a close affinity with American culture, good English skills, and significant knowledge of IT systems.<br/><br/>The Call Center Directory of the Philippine Economic Zone Authority (PEZA) has identified 788 active call centers spread over 20 important locales in the country. This has made the nation one of the world&#39;s elite business process outsourcing (BPO) destinations in the world, the Manilla Bulletin said. Currently, there are approximately 350,000 Filipinos employed in the call center industry.<br/><br/>Rick Santos, chair of real estate advisory firm CB Richard Ellis recently said the nation&#39;s property sector is performing well because BPO is creating demand for new office spaces and improving the nation&#39;s economy. Ellis said the Philippines is becoming the &quot;India of the Southeast Asian region.&quot;]]></content:encoded></item>		<item><title>Report: Outsourcing Strategies Critical for Success</title><link>http://www.teletech.com/news/enterprise-management/report-outsourcing-strategies-critical-for-success-800307797</link><pubDate>2010-12-22T00:00:00</pubDate><content:encoded><![CDATA[ Creating strategies for business process outsourcing (BPO) is often challenging for businesses because outsourcing needs vary between companies. However, a recent TechTarget report said some general strategies are critical for outsourcing success.<br/><br/>According to a Gartner report, 70 percent of companies that outsource operations renew their contract with the same organization they started with, displaying the importance of choosing the right outsourcing model before committing to any plan.<br/><br/>Steve Martin, an outsourcing expert, told TechTarget companies need to consider how outsourcing operations will affect current employees. In many cases, Martin said, companies will have a team of workers evaluate if an operation can be outsourced before acting. This can often lead to ineffective evaluation as the team members influencing the outsourcing strategy have a vested interest in keeping the product in-house. Subsequently, business leaders should clearly communicate expectations to employees in an effort to prevent tampering.<br/><br/>Outsourcing strategies are becoming especially important in light of a slow economy. According to a recent Economic Times report, banks and financial institutions are using outsourcing as a strategic tool to disperse investments in new business processes and technology.]]></content:encoded></item>		<item><title>Survey: Call Centers Are Expected to Create Revenue</title><link>http://www.teletech.com/news/revenue-generation/survey-call-centers-are-expected-to-create-revenue-800307497</link><pubDate>2010-12-22T00:00:00</pubDate><content:encoded><![CDATA[ Loudhouse Research recently revealed the results of a survey that found 69 percent of business-to-consumer (B2C) organizations surveyed consider call centers to be critical to revenue generation.<br/><br/>In order to drive revenue generation through call center operations, 60 percent of respondents said companies need to improve systems for the integration of consumer data between departments within the company. More specifically, integrating data from call center and online customer service was listed as a key challenge by 54 percent of respondents.<br/><br/>&quot;With more and more consumers opting out of direct marketing companies are realizing that they need to take advantage of every customer interaction - not only to service the customers&rsquo; needs, but to engage with them individually,&quot; said Mark Smith, executive vice president of Portrait Software, the organization sponsoring the survey.<br/><br/>In many cases, the development of call centers into areas for revenue generation can be attributed to changes in marketing. According to a recent report from Bank Technology News, banks and financial institutions are increasingly using the call center as a tool to facilitate revenue growth. In many instances, the shift in call center operations is creating new cross-sell and up-sell opportunities.]]></content:encoded></item>		<item><title>Outsourcing Recovering from Recession</title><link>http://www.teletech.com/news/enterprise-management/outsourcing-recovering-from-recession-800305623</link><pubDate>2010-12-21T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from Plunkett Research found the outsourcing industry will reach $525 billion globally before the end of 2010, marking its recovery from the economic recession.<br/><br/>According to the report, primary areas for outsourcing include logistics, distribution services, information technology (IT), business process outsourcing (BPO), call centers and human resources management.<br/><br/>Overall, the report found the outsourcing industry showed signs of recovering from the recession in the middle of 2010. BPO and IT outsourcing led the recovery.<br/><br/>The offshoring industry also experienced new developments in 2010, as the report found cost savings from offshoring on the decline. Subsequently, many providers are beginning to offer their services in new destinations with overall performance and customer satisfaction replacing costs as the primary motivator behind offshoring.<br/><br/>As outsourcing destinations continue to mature, the report anticipates they will develop into more sophisticated service providers, allowing organizations to move complex operations, such as research and development, offshore.<br/><br/>The trend of moving research and development offshore is impacting the pharmaceutical industry. According to research from Business Insights, companies that have offshored at least 60 percent of their research and development spending have experienced improved return on investment. Improvements in operating margins and market capital growth have also been observed, the report said.]]></content:encoded></item>		<item><title>New Privacy Law Could Bolster the Philippines Position in BPO</title><link>http://www.teletech.com/news/enterprise-management/new-privacy-law-could-bolster-the-philippines-position-in-bpo-800300014</link><pubDate>2010-12-17T00:00:00</pubDate><content:encoded><![CDATA[ The Philippine Congress is currently mulling a new data protection and privacy law that House Deputy Majority Leader and Pasig City Representative Roman Romulo said would make the nation even more popular as a business process outsourcing (BPO) destination.<br/><br/>The new bill is designed to expand the law regarding the protection of personal data and other information stored within information technology systems. Romulo explained the law would create safeguards around customer information, making the Philippines a more reliable source of BPO operations.<br/><br/>&quot;We are absolutely confident that more companies around the world will subcontract their business support jobs to Philippine providers once the proposed Act Protecting Individual Personal Data in Information and Communications Systems is decreed,&quot; said Romulo.<br/><br/>Romulo said the new law is important because it can reinforce trust between customers and BPO organizations working in the country. This is becoming especially critical as the nation grows into one of the world&#39;s largest outsourcing providers, and major organizations bring their operations to the country.<br/><br/>According to a recent Bloomberg Businessweek report, the Philippines is quickly overtaking India as the primary call center BPO destination because the industry has strong government support and a steady supply of college graduates capable of speaking English.]]></content:encoded></item>		<item><title>SIP Can Help Companies Achieve Interoperability</title><link>http://www.teletech.com/news/contact-center-technology/sip-can-help-companies-achieve-interoperability-800294002</link><pubDate>2010-12-15T00:00:00</pubDate><content:encoded><![CDATA[ By using session initial protocol (SIP) technologies as part of call center operations, business can create an interoperable environment between contact centers with voice over internet protocol (VoIP), according to a recent GigaOm report.<br/><br/>When SIP is enabled, contact centers can virtualize their operations, removing their dependence on public branch exchange (PBX) technology. This increases their flexibility and agility in responding to customer service demands, the report said.<br/><br/>Improved presence is another benefit the report attributes to SIP and VoIP-based call centers. VoIP and SIP manage telephony systems through the internet, allowing customer service employees to deploy applications while using the phone service. Through these programs, workers can identify the availability of other employees, ensuring individuals are always present before forwarding calls to other departments, according to the report.<br/><br/>SIP and VoIP systems are also capable of providing the foundation for a unified communications system, the report said. Since the network uses the internet, it can transmit voice, video, and messaging while giving users access to social media services and other software.<br/><br/>VoIP and SIP systems are able to improve call center operations while saving money. According to a recent report from Integrated Research, using VoIP to consolidate and unify communications can remove many maintenance, hardware and management-related costs.]]></content:encoded></item>		<item><title>VoIP and IVR Benefiting Businesses</title><link>http://www.teletech.com/news/contact-center-technology/voip-and-ivr-benefiting-businesses-800291408</link><pubDate>2010-12-14T00:00:00</pubDate><content:encoded><![CDATA[ According to a report from TMCnet, voice over internet protocol (VoIP) and interactive voice response (IVR) technologies are positively impacting businesses by allowing them to interact with customers with improved efficiency, enhancing customer service.<br/><br/>By moving phone systems away from traditional public switching systems and onto IP systems, companies are able to leverage their broadband internet networks to unify their communications with applications and other services and improve call center efficiency, the report said.<br/><br/>Unifying telephony with applications and IVR systems also helps organizations improve customer service, as internet-based IVR can handle basic problems, while employees help customers efficiently with system integration tools, according to the report.<br/><br/>Switching to VoIP and IVR is also a cost-reducing tactic, the report said, as unified communications based on an IP network allow organizations to place voice, video, email, fax, and messaging together into one service.<br/><br/>Businesses are increasingly turning to VoIP technology in an effort to leverage its many benefits. According to a recent report from TMCnet, advances in broadband internet availability throughout the world are leading to a significant increase in VoIP use. The transition to VoIP is happening fast, the report said, because businesses do not need to invest substantially in new equipment to deploy the technology.]]></content:encoded></item>		<item><title>Social Media Impacting Customer Service, Product Development and Sales</title><link>http://www.teletech.com/news/customer-management/social-media-impacting-customer-service-product-development-and-sales-800288897</link><pubDate>2010-12-13T00:00:00</pubDate><content:encoded><![CDATA[ Using social media for customer relationship management (CRM) is often considered a primary tactic for customer acquisition in the enterprise. The role of social CRM is expanding, however, as manufacturing organizations are using social media to improve intelligence in customer service and product development, according to an Industry Week report.<br/><br/>Social media is impacting customer service by allowing organizations to improve their B2B interaction and sales while also creating multiple channels for communication between customers. When social CRM becomes an important part of enterprise resource planning (ERP), it can allow organizations to engage customers and other businesses through multiple channels, easily identifying problems and creating solutions, the report said.<br/><br/>According to the report, social CRM is impacting product development by allowing designers to gain closer access to customers and improve lines of communication during development. This is allowing organizations to expand their testing and advisory procedures by integrating customer experience into development.<br/><br/>According to CRM Buyer, many organizations are using social CRM to replace older methods of customer service, such as email. While focusing on CRM is profitable, the report said, traditional customer service and marketing tactics should also be retained in an effort to reach consumers through multiple channels.]]></content:encoded></item>		<item><title>Expert: Social CRM Expanding as an Enterprise Tool</title><link>http://www.teletech.com/news/customer-management/expert-social-crm-expanding-as-an-enterprise-tool-800286048</link><pubDate>2010-12-10T00:00:00</pubDate><content:encoded><![CDATA[ In 2010, businesses increasingly turned to social media, blogging, forums and other tools to facilitate high quality customer service and reach out to consumers through the channels they actually use. Through 2011, the social customer relationship management (CRM) trend is expected to continue growing in the enterprise, according to a recent blog from Forrester expert, James Kobielus.<br/><br/>Kobielus explained customer service is a social activity in its core nature, making the use of contemporary social CRM tools an important part of enterprise operations.<br/><br/>&quot;Organizations can use external customer communities to support market research and product development, accelerate distribution of marketing messages, provide deeper insights about individuals and accounts for sales and promote customer self-service to drive down support costs,&quot; Kobielus said.<br/><br/>Forrester expects social CRM to continue its growth into 2011, as businesses deploy the customer service technology in an effort to create coherent IT infrastructure to facilitate conversations with consumers.<br/><br/>As more organizations reach customers through social CRM, the technology is becoming a critical part of maintaining a competitive edge. Speaking at the recent Cisco Partner Velocity Conference, Luanne Tierney, vice president of worldwide channels marketing at Cisco, explained businesses ignore social CRM at the risk of losing customers as they turn to competitors that reach out to them through social media tools.]]></content:encoded></item>		<item><title>Report: VoIP Could Solve Mobile Workforce Issues</title><link>http://www.teletech.com/news/contact-center-technology/report-voip-could-solve-mobile-workforce-issues-800286046</link><pubDate>2010-12-10T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from Gartner explains mobile devices are quickly becoming the de facto method of communication in the enterprise as employees shun their desktop handsets in favor of mobile phones.<br/><br/>According to the report, IT leaders can respond to this trend by deploying dual-mode Wi-Fi installations that use voice over internet protocol (VoIP) to allow mobile devices to tap into the organization&#39;s private branch exchange (PBX) network.<br/><br/>By synchronizing the PBX and VoIP systems into one, dual-mode solution, workers can use a single mobile device to answer calls from multiple lines, working more efficiently and without depending on a desktop telephone, the report explained.<br/><br/>Gartner anticipates relatively slow growth for dual-mode systems in the near future, but as the industry progresses and broadband connections become more pervasive, dual-mode technologies will be more accessible. As a result, Gartner anticipates the method of receiving calls and performing customer service duties to significantly affect the enterprise by 2015.<br/><br/>The increased dependence on mobile devices is creating a market for VoIP and other flexible call center and customer service-related technologies. According to Computerworld, new systems, such as Voice over 3G, are helping organizations manage mobile device calling costs.]]></content:encoded></item>		<item><title>Hosted Call Center Industry Growing Quickly</title><link>http://www.teletech.com/news/customer-management/hosted-call-center-industry-growing-quickly-800283038</link><pubDate>2010-12-09T00:00:00</pubDate><content:encoded><![CDATA[ A recent research report from Frost &amp; Sullivan found the hosted call center industry is currently in a period of growth, as revenue outpaced on-premise solutions in 2009 and is expected to continue its expansion in coming years.<br/><br/>According to the study, hosted call centers generated approximately $112.2 million in 2009. If the current rate of growth continues to 2016, hosted call centers would generate $305.2 billion during the year, based on Frost &amp; Sullivan&#39;s research.<br/><br/>Frost &amp; Sullivan&#39;s report explained organizations are increasingly turning to hosted call center solutions because they allow businesses to forgo their dependence on expensive on premise IT and telephony infrastructure by moving services to a third-party provider.<br/><br/>&quot;The ability to cut time to value and scale up or down rapidly to deal with varying customer demand is essential in an environment where infrastructure and operational budgets were being slashed across the board,&quot; said Krishna Baidya, industry manager at Frost &amp; Sullivan.<br/><br/>As the hosted call center industry grows, concerns about security are being assuaged. According to a recent report from TMCnet, businesses often worry the most about security issues before choosing a call center provider. However, the report said, call centers are capable of solving the many security needs necessary to provide reliable customer service for even the most demanding industries.]]></content:encoded></item>		<item><title>Number Portability Creating Increased Need for Customer Service</title><link>http://www.teletech.com/news/customer-management/number-portability-creating-increased-need-for-customer-service-800280553</link><pubDate>2010-12-08T00:00:00</pubDate><content:encoded><![CDATA[ The mobile phone industry is undergoing a period of transition, as new standards encouraging number portability between providers are forcing companies to improve their customer service initiatives.<br/><br/>According to a recent report from Moneylife, mobile phone providers are enhancing their customer service activities by engaging in social customer relationship management (CRM). One of the primary ways organizations are accomplishing this is by searching through online forums and social networking sites to identify and respond to comments from dissatisfied customers.<br/><br/>The Fitch Ratings expect new trends in number portability and post-paid payment plans to create an increasingly competitive environment in the mobile phone industry. As a result, smaller telecoms could be able to compete with major providers if they are able to offer improved customer service.<br/><br/>Salesforce.com&#39;s Chatter, a popular customer service and collaboration tool, is now being offered for free in an effort to help businesses use the social media platform to enhance customer service and collaboration, Salesforce.com announced at its recent Dreamforce conference. Businesses can now sign up for a basic free program to leverage the CRM tool. Salesforce.com is also offering an advanced, Plus version of Chatter for a monthly subscription fee.]]></content:encoded></item>		<item><title>Report: Banks Turn to IVR</title><link>http://www.teletech.com/news/contact-center-technology/report-banks-turn-to-ivr-800278168</link><pubDate>2010-12-07T00:00:00</pubDate><content:encoded><![CDATA[ Interactive voice response (IVR) systems have become a popular call center and customer service tool in many industries. However, banks were slow to adopt the technology as customers tended to prefer face-to-face or person-to-person interactions when dealing with financial institutions.<br/><br/>That is changing as demand for efficiency in banking is beginning to overcome the desire for personal interaction. This is especially the case as consumers use mobile devices to engage in banking.<br/><br/>Because of these new demands in the banking industry, more major institutions are turning to IVR systems as a way to automate their call centers and provide efficient, constantly available customer service, the report said.<br/><br/>The report said using IVR as a primary communication channel between the institution and the customer facilitates improved customer service by allowing consumers to obtain information and services at all times. Furthermore, IVR has improved overall efficiency in the banking sector, according to the report.<br/><br/>A recent report from Bank Technology News found the entire banking culture around call centers is changing. In the past, call centers were widely considered expensive, inefficient parts of the bank&#39;s customer service efforts. With new technologies, such as IVR, this perception is changing as call centers are generating profits.]]></content:encoded></item>		<item><title>Expert: Hosted VoIP Can Be Ideal for Businesses with Multiple Offices</title><link>http://www.teletech.com/news/contact-center-technology/expert-hosted-voip-can-be-ideal-for-businesses-with-multiple-offices-800271890</link><pubDate>2010-12-03T00:00:00</pubDate><content:encoded><![CDATA[ Businesses with offices spread over the globe can improve their customer service operations through voice over internet protocol (VoIP) technology, according to a recent report from Forbes. The report said VoIP installations allow for enhanced communication within the enterprise by allowing branches to communicate with each other inexpensively.<br/><br/>When using VoIP technology, the report said, each individual phone is connected to the internet, using the web to transfer voice signal between callers. VoIP can also be used to connect video, email and social media into one solution. The technology can benefit organizations with multiple branches because it removes the costs and limitations of traditional phone services.<br/><br/>According to the Forbes report, hosted VoIP establishments can receive local incoming calls from customers close to an office, and forward those calls to any branch in the world. The system treats the forwarding as dialing an extension, essentially turning any call into a local one.<br/><br/>VoIP&#39;s development in the enterprise has been spurred by improvements to internet bandwidth capabilities. According to a report from the BusinessNewsDaily, bandwidth upgrades have allowed VoIP systems to develop into a fully featured call center and customer service technology. With VoIP, businesses can establish a flexible model for unified communications, the report said.]]></content:encoded></item>		<item><title>BPO Growing Fast in the Philippines</title><link>http://www.teletech.com/news/enterprise-management/bpo-growing-fast-in-the-philippines-800270427</link><pubDate>2010-12-02T00:00:00</pubDate><content:encoded><![CDATA[ The Philippines is quickly becoming one of the world&#39;s most important business process outsourcing (BPO) destinations, according to a recent report from the Business Process Association of the Philippines (BPAP). The report anticipates the country&#39;s BPO revenue to grow to approximately $25 billion per year by 2015.<br/><br/>The BPAP forecast&#39;s estimate represents industry growth of more than double its current annual revenue, as the estimated BPO income for 2010 is $9 billion in the Philippines. The report found similar growth in global BPO, as the current market value of $150 billion to $250 billion by 2015.<br/><br/>Currently, the report said, the Philippines boasts a 10 percent market share in the BPO industry, displacing India as the top BPO destination. While nations, such as Vietnam and South American countries, are becoming more prominent in BPO, the report expects the Phillipines to retain its 10 percent share between now and 2015.<br/><br/>Speaking at a recent Call Center Association of the Philippines briefing, board director Jojo Uligan said call centers in the country will continue to improve their services and technology to improve the quality of BPO from the Phillipines. Video calling is one technology Uligan mentioned as a major part of call center upgrades.]]></content:encoded></item>		<item><title>Multichannel Approaches Critical to Customer Acquisition and Retention</title><link>http://www.teletech.com/news/customer-management/multichannel-approaches-critical-to-customer-acquisition-and-retention-800267327</link><pubDate>2010-12-01T00:00:00</pubDate><content:encoded><![CDATA[ A recent report from IDC Retail Insights said consumers are increasingly using multiple channels, such as mobile, internet, and in-store, to meet their retail needs. The study found consumers are likely to spend approximately 15 to 30 percent more time with a store if they are engaged through multiple channels.<br/><br/>According to the IDC, businesses should also engage consumers through multiple channels as a way to acquire new customers, create brand loyalty, and generate word-of-mouth advertising. Because of this shift in the way businesses reach consumers, retail stores are also changing their customer-tracking methods.<br/><br/>Traditionally, companies would track shoppers based on the channels they use, treating ecommerce, mobile commerce, and in-store shoppers as separate entities. According to the report, this system needs to change because consumers are using all three channels simultaneously to find the best deals. As a result, businesses need to unify their customer analytics to monitor specific consumers over multiple channels.<br/><br/>Customer acquisition can be essential to successful enterprise management. According to a report from Econsultancy, success in customer acquisition and retention depends on a company&#39;s ability to engage consumers that drive profits.]]></content:encoded></item>		<item><title>Social CRM Represents a Cultural Change in the Enterprise</title><link>http://www.teletech.com/news/customer-management/social-crm-represents-a-cultural-change-in-the-enterprise-800264026</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ In order to engage in social customer relationship management (CRM) programs successfully, businesses need to completely change their culture for collaboration, communication, and customer service, according to a recent report from ZDNet.<br/><br/>Social CRM uses collaboration and communication tools to engage consumers, allowing businesses to develop meaningful relationships with loyal customers, fostering consistent business growth, the report said. However, businesses need to change their internal culture to focus on communication and customer service on every level for social CRM to succeed.<br/><br/>One of the ways to accomplish this change is to avoid focusing excessively on technology, the report said. While social CRM is dependent on software to work effectively, the software is present as a way to facilitate relationships. As a result, interaction with consumers and collaboration within the business should be the focus of social CRM, with technology in a supporting role.<br/><br/>According to CRM Buyer, a number of businesses are waiting for best practices to be established before jumping on the social CRM bandwagon. However, organizations that are too slow to adopt meaningful social CRM deployments could be left behind by competitors that are quick to adopt the technology, the report said.]]></content:encoded></item>		<item><title>VoIP Experiencing Growing Demand</title><link>http://www.teletech.com/news/contact-center-technology/voip-experiencing-growing-demand-800264809</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ A recent market study from Infonetics found that voice over internet protocol (VoIP) is experiencing a sales boom as organizations, especially in Asia, are increasingly demanding the technology.<br/><br/>According to the report, the demand for VoIP has risen throughout the international market as shipments of VoIP technology increased in number over the third quarter of 2010.<br/><br/>&quot;The No. 1 story that will come out of 2010 for the IMS and carrier VoIP equipment markets is China, where conditions are driving volumes up and pushing prices down. There are large network transformation projects under way in China,&quot; said Diane Myers, directing analyst for VoIP at Infonetics.<br/><br/>The report found that increased demand for VoIP comes, in part, because prices for the technology have shrunk in the quarter. Overall, VoIP revenues fell 9 percent in the third quarter despite the overall growth of the technology during the period. Asia was the only international region to experience VoIP revenue growth.<br/><br/>As VoIP services continue to grow, it could become increasingly important for vendors to separate themselves from one another. A recent study performed by Report Linker found that diversification is the key to success in providing VoIP solutions.]]></content:encoded></item>		<item><title>Improved Broadband Could Boost VoIP Use in Europe</title><link>http://www.teletech.com/news/contact-center-technology/improved-broadband-could-boost-voip-use-in-europe-800265029</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ One of the greatest barriers to voice over internet protocol (VoIP) deployments in businesses is limited internet access in certain regions of the world. Parts of Europe, for example, still have fairly under-developed internet infrastructure, limiting the potential for VoIP in the enterprise.<br/><br/>However, the recent launch of Hylas-1, the continent&#39;s first broadband satellite could provide improved internet penetration. Hylas-1 designed the satellite to bring high-speed connections to regions struggling to implement cable-based solutions, allowing companies to increase VoIP deployments.<br/><br/>According to the project&#39;s coordinators, the satellite should be able to provide broadband internet service at speeds up to 10 Mbps to any part of the continent, allowing businesses to deploy VoIP solutions for workers in any facility.<br/><br/>Currently, the satellite uses regional spot beams to provide internet services to eight under-served areas in Europe. Deals are already in place to use the technology to deploy internet protocol (IP) phone technology and other similar services throughout the continent.<br/><br/>The broadband satellite technology will not be limited to Europe. In 2012, Hylas-2 is expected to launch, bringing high-speed internet services to regions in the Middle East and Africa. As major organizations increasingly expand to these regions and deploy mobile workers, the improved broadband services could prove critical to success.]]></content:encoded></item>		<item><title>American Institute for Cancer Research Deploys a VoIP System</title><link>http://www.teletech.com/news/contact-center-technology/american-institute-for-cancer-research-deploys-a-voip-system-800265039</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ For a significant period of time, the American Institute for Cancer Research (AICR) has been searching for ways to deploy voice over internet protocol (VoIP) technology to support its call center, customer service and other departments. However, as the organization is housed in a historic building, disruptive cabling could have been necessary to install VoIP.<br/><br/>According to TMCNet, new technological developments have allowed the AICR to install VoIP technology using the old CAT3 cables that were in the building. By using these older Ethernet cords, the organization is able to leverage VoIP without altering the building&#39;s cabling infrastructure.<br/><br/>Michael McCarn, director of information technology at AICR, told the news source it only took a few hours to make the transition to a VoIP solution. While he was initially hesitant to trust VoIP over older Ethernet cables, McCarn said the technology has performed well.<br/><br/>VoIP solutions can also allow businesses to improve customer service operations by maximizing technology for call center personnel. Through VoIP tools, employees can answer calls from a number of devices through one unified endpoint. By using a hosted call center provider, businesses can establish services with minimal IT investments.]]></content:encoded></item>		<item><title>Report: Diversification Key to Successful VoIP Deployment</title><link>http://www.teletech.com/news/contact-center-technology/report-diversification-key-to-successful-voip-deployment-800264819</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ Report Linker recently released a study that found diversification to be the key factor behind the success of voice over internet protocol (VoIP) services.<br/><br/>According to the study, successful VoIP providers offer businesses a wide range of efficient VoIP models for call center and customer service operations.<br/><br/>&quot;Successful VoIP businesses are driven by other services the company offers, and by services that align with customers&#39; perceived needs - not by the VoIP business alone,&quot; the report said.<br/><br/>Overall, factors including the ability to quickly build networks, offer a variety of services to meet niche portions of a customer base, customize services for businesses, take risks in emerging markets, and deploying mobile VoIP services are critical to successful VoIP offerings.<br/><br/>The study found mobile VoIP solutions to be among the most important new trends in the industry. As mobile devices have matured, call center and customer service employees can use mobile phones as platforms for VoIP communication and business process applications.<br/><br/>The diverse applications of VoIP technology are creating an increasingly large international market for the technology. A recent report from Infonetics found that VoIP deployments grew in the third quarter of 2010, with China fueling the industry&#39;s expansion.]]></content:encoded></item>		<item><title>Insurance Agencies to Increase or Maintain BPO Use </title><link>http://www.teletech.com/news/enterprise-management/insurance-agencies-to-increase-or-maintain-bpo-use-800264805</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ As major insurance companies continue to face economic challenges that force them to reduce costs while improving services, research firm Celent expects them to either maintain or increase their dependence on business process outsourcing (BPO).<br/><br/>According to Celent, competitive pressures are forcing insurance companies to maximize their resources, making BPO solutions an important part of the industry.<br/><br/>The report anticipates businesses that move their core systems to BPO&nbsp;or Software as a Service (SaaS) during the first wave of adoption will generate a momentum that late-comers will have a difficult time matching. This could give organizations a competitive advantage over organizations that are slow to adopt outsourcing tactics.<br/><br/>Celent&#39;s survey found 49 percent of insurance companies expect their BPO use to remain constant in 2011. Thirty-six percent of respondents have plans to increase their use of BPO services. Issues of quality, security, and control are creating concern with insurance agencies, but the report said finding the right match between the vendor and the insurance agency could often solve those issues.<br/><br/>Overall, Celent&#39;s report focuses on the message that insurance agencies considering BPO services should work quickly to make the transition. As more competitors use BPO to reduce costs and improve services, it could become difficult for late comers to successfully deploy BPO solutions.]]></content:encoded></item>		<item><title>Federal Telework Act to Create Opportunities for Hosting Providers</title><link>http://www.teletech.com/news/enterprise-management/federal-telework-act-to-create-opportunities-for-hosting-providers-800265033</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ The government has officially passed the Federal Telework Act, mandating all agencies to prepare systems that allow employees to work from home in a variety of situations, including adverse weather conditions and security emergencies.<br/><br/>The new legislation could create a large market for VoIP and other hosted communications technology as agencies develop new programs to facilitate telework.<br/><br/>&quot;This legislation will bring the federal government into the 21st century. Telework programs implemented in the private sector have increased productivity, improved employee morale, and saved operating costs,&quot; Congressman Frank Wolf told TMCnet<br/><br/>Wolf explained that telework programs can improve the quality of life for employees by removing stressful portions of the day, such as traffic-filled commutes. Telework could also have a positive impact on the environment, as it can reduce the number of cars on the road each day, Wolf told the news source.<br/><br/>Cost reduction is a major part of Telework&#39;s potential. According to the Government Services Administration (GSA), if every eligible worker telecommutes at least one day out of each week, agencies could save approximately $2.3 billion annually. Telework would allow agencies to reduce investments in physical office space, supplies, and utilities, the GSA reports.]]></content:encoded></item>		<item><title>CRM Can Be Critical to Customer Acquisition and Retention</title><link>http://www.teletech.com/news/revenue-generation/crm-can-be-critical-to-customer-acquisition-and-retention-800265042</link><pubDate>2010-11-30T00:00:00</pubDate><content:encoded><![CDATA[ Creating a consistent, loyal, and profitable customer base is dependant on a business&#39; ability to implement customer relationship management (CRM) solutions and use them to build meaningful connections with the consumers that drive profit, Econsultancy.com reports.<br/><br/>In order to target the most profitable consumers for customer acquisition and other programs, businesses need to be willing to track sales metrics to identify the best customers and avoid depending on discounts to draw consumers in.<br/><br/>According to Econsultancy, successful CRM solutions are used to keep tabs on customers, allowing organizations to gain an intimate knowledge of each individual&#39;s overall effect on the company. By tracking each client personally, businesses can identify their best customers and design marketing specifically for that demographic. It is also important for businesses to find ways besides discounts to draw new customers in, as long-term, profitable business relationships can be hampered when consumers expect regular discounts, the report said.<br/><br/>CRM is becoming especially important as businesses leverage web 2.0 concepts into a new sales 2.0 system. A recent report from Customer Think on the Sales 2.0 conference found social CRM and other Web 2.0 technologies are becoming pervasive in the enterprise.]]></content:encoded></item>		<item><title>Major UK Law Firm to Outsource its Back Office Support Staff</title><link>http://www.teletech.com/news/enterprise-management/major-uk-law-firm-to-outsource-its-back-office-support-staff-800255373</link><pubDate>2010-11-24T00:00:00</pubDate><content:encoded><![CDATA[ CMS Cameron McKenna and its partner offices have decided to outsource their back office staff. As a result of the outsourcing arrangement, the UK Top 20 law office is expected to move its primary staff into a new facility while outsourcing its back office operations.<br/><br/>The new arrangement represents the first time a major UK-based law office has outsourced its staff, but the firm&#39;s leaders decided the move was essential after determining that it would save between 10 percent and 15 percent on support staff spending.<br/><br/>An unspecified chief executive from one leading international firm told Legal Week the decision to outsource back office staff is drawing a great deal of attention in the industry.<br/><br/>The executive told the news source it can be difficult to manage such a large-scale outsourcing operation, as the law firm has to monitor interactions with partners closely to ensure that money is saved and managed properly.<br/><br/>Outsourcing back office functions can be an effective way to save money, but cutting costs can depend on successful management of outsourcing operations. A recent report from the Comprehensive Spending Review said public sector offices could gain from back office outsourcing, but need to be cautious about the process and plan their outsourcing arrangements well.]]></content:encoded></item>		<item><title>Transit System to Use IVR for Customer Service</title><link>http://www.teletech.com/news/contact-center-technology/transit-system-to-use-ivr-for-customer-service-800252534</link><pubDate>2010-11-23T00:00:00</pubDate><content:encoded><![CDATA[ The Central Maryland Regional Transit Corporation (CMRT) has announced plans to use an interactive voice response (IVR) plan to improve customer service at its bus stops by providing users with an automated messaging system that can tell them when the next bus is expected to arrive.<br/><br/>The three-year, $770,000 plan will foster improved customer service on the bus lines by increasing communication between vehicles and passengers. This is achieved by installing a number of software and hardware improvements on buses and at stops to allow the IVR system to function.<br/><br/>The IVR system is focused on creating communication between the company and customers. By dialing a local telephone number on signs near bus stops, customers can call the IVR system to obtain information on the bus&#39; precise location and estimated time of arrival. Ron Skotz, CMRT&rsquo;s Procurement and Grants Coordinator said.<br/><br/>The CMRT&#39;s new transit IVR system works entirely through automated technologies. Each bus is outfitted with GPS devices that communicate with satellites, which then analyze traffic patterns and use the information to predict the vehicle&#39;s time of arrival accurately. This allows the transit company to provide advanced customer service without expanding their call center staff.]]></content:encoded></item>		<item><title>Expert: VoIP Changing Standards for Enterprise Communication</title><link>http://www.teletech.com/news/contact-center-technology/expert-voip-changing-standards-for-enterprise-communication-800249355</link><pubDate>2010-11-22T00:00:00</pubDate><content:encoded><![CDATA[ For decades, private branch exchange (PBX) phone systems have facilitated enterprise communication by allowing organizations to establish complex, multi-layered phone systems that use both internal and external lines.<br/><br/>Sean Finney, owner of a communications company, recently told the Business News Daily that PBX is losing ground, as companies increasingly turn to voice over internet protocol (VoIP) to manage their phone systems and hosted call center operations.<br/><br/>Finney told the news source that PBX is future proof, but companies installing new phone systems will almost unanimously decide to install VoIP when creating new systems. VoIP is effective because it allows businesses to use the internet to power their phone lines, making it possible for companies to connect employees in disparate locations as if they were all in one facility.<br/><br/>According to the Business News Daily, hosted centers for phone systems are also becoming popular as they provide businesses with a reliable system for communication without necessitating on-premise hardware or IT staff.<br/><br/>Overall, VoIP technologies are changing phone services in businesses. A recent report from MyBroadband News said many traditional telecom providers are switching from phone lines to VoIP to better serve organizations adopting the technology.&nbsp;]]></content:encoded></item>		<item><title>Financial Institutions Using Social CRM to Reach Customers</title><link>http://www.teletech.com/news/customer-management/financial-institutions-using-social-crm-to-reach-customers-800247411</link><pubDate>2010-11-19T00:00:00</pubDate><content:encoded><![CDATA[ Social customer relationship management (CRM) is quickly becoming a popular tool for businesses trying to reach customers through social media and other online and mobile communication outlets. According to TechTarget, banks and other financial institutions are increasingly adopting social CRM tactics as a way to reach consumers.<br/><br/>While the financial industry is typically conservative in nature, the news source explains the benefits of social CRM could not be ignored, as a recent survey performed by Finextra and Pegasystems indicates consumers are more willing to spend extra for banking and other services in order to access accounts and other features through an automated web platform. Furthermore, 62 percent of corporate respondents said they would be willing to switch banks if another provider offered improved customer service.<br/><br/>These trends are driving the move to social CRM in the financial services industry because customers want to use online and social tools to quickly and easily obtain answers to their various financial and account-related concerns, TechTarget reports.<br/><br/>CRM systems are expanding outside of the financial sector as well. Recently, Dell announced its intention to deploy Salesforce.com&#39;s Chatter application. Chatter fosters collaboration and eases CRM by automating many record-keeping functions.]]></content:encoded></item>		<item><title>New Technologies Could Impact the Call Center</title><link>http://www.teletech.com/news/contact-center-technology/new-technologies-could-impact-the-call-center-800247609</link><pubDate>2010-11-19T00:00:00</pubDate><content:encoded><![CDATA[ A number of new technologies are having a marked impact on call center efficiency, management, and customer service potential. According to a recent report from Call Center Helper, voice biometrics and virtualization could revolutionize call centers within the next 10 years.<br/><br/>Nicola Millard, customer experience futurologist for a telecom company told the news source voice recognition biometrics could change call center management by removing many of the standard identification procedures used to authenticate a consumer&#39;s identity. Through voice biometrics, an automated device can analyze callers&#39; voices, confirming identity and allowing the customer service employee to immediately provide the necessary help.<br/><br/>Virtualization could also transform the call center, Millard told the news source. Virtualized desktops and servers could allow customer service employees to efficiently work from hosted call centers and other remote office locations, negating the need to maintain on-premise call centers.<br/><br/>Some organizations are already putting these advanced call center technologies into practice. Citibank Australia CEO Roy Gori recently told ZDNet Asia that the bank plans to deploy vocal biometrics in its call centers. Gori said tests of the technology proved it to be quite reliable, he even called the center himself, trying to fool it by changing his vocal patterns, but he could not beat the machine.]]></content:encoded></item>		<item><title>Expert: Social Networks Can Revolutionize Training</title><link>http://www.teletech.com/news/learning-services/expert-social-networks-can-revolutionize-training-800247612</link><pubDate>2010-11-19T00:00:00</pubDate><content:encoded><![CDATA[ Andrew Krzmarzick, the community manager for GovLoop, recently spoke with Federal News Radio to discuss the potential of social learning on the enterprise. Krzmarzick&#39;s believes social learning is a training tool businesses can leverage to continually develop their employees throughout the year.<br/><br/>Krzmarzick explains most businesses focus primarily on formal training methods, such as meetings, seminars and coursework. While these are all useful to keep employee skills up-to-date, Krzmarzick argues that learning should be a constant part of an employee&#39;s work, not a cyclical, occasional task.<br/><br/>&quot;Learning never ends. If we have to think about learning as something that happens every three to four months or worse, maybe once a year, or something that&#39;s easily cut when budgets are tight, we&#39;re thinking about it all wrong,&quot; Krzmarzick told the news source.<br/><br/>In order to accomplish this continual educational process, Krzmarzick told the news source, businesses should deploy social learning tools that can help formalize education between peers as issues arise.<br/><br/>Businesses are already beginning to respond to the social learning method of training employees. According to the Financial Times, one IT organization has developed a system of &quot;super users,&quot; designating certain employees as highly experienced and knowledgeable resources to help other workers.]]></content:encoded></item>		<item><title>Expert: Companies Could Be On the Brink of Social CRM Growth</title><link>http://www.teletech.com/news/customer-management/expert-companies-could-be-on-the-brink-of-social-crm-growth-800244977</link><pubDate>2010-11-18T00:00:00</pubDate><content:encoded><![CDATA[ According to a recent report by SearchEngineWatch.com&#39;s Jacob Morgan, companies have begun to establish themselves in the early stages of social customer relationship management (CRM) deployment, and could be ready to delve more deeply into the service.<br/><br/>Morgan believes mainstream social CRM practices, such as establishing accounts on social media pages and creating microsites, are somewhat shallow social CRM establishments. However, as these techniques have become common in the enterprise, businesses may be ready to go deeper into social CRM&#39;s potential, Morgan said.<br/><br/>Letting social CRM truly impact a business requires structural integration, mobile and social governance, platform integration, and collaboration integration. These techniques allow social CRM to become an integral part of the enterprise, maximizing its potential and profitability, according to Morgan.<br/><br/>Overall, Morgan argues that most companies have, to an extent, not truly explored social CRM, and are limiting themselves to social media. This is a good first step, but Morgan likens the process to learning to walk. Currently, companies have been crawling for too long and need to get on both feet, Morgan said.<br/><br/>Frank Eliason, senior vice president of social media at Citibank, told Unified Communications Strategies that social CRM could be dominated by video deployments in coming years as it allows multiple people to converge in one meeting regardless of their physical location.]]></content:encoded></item>		<item><title>Tablet PCs Could Become Influential in Direct Marketing</title><link>http://www.teletech.com/news/revenue-generation/tablet-pcs-could-become-influential-in-direct-marketing-800244733</link><pubDate>2010-11-18T00:00:00</pubDate><content:encoded><![CDATA[ A recent Gartner report indicated that tablet PCs are considered less invasive than notebook computers when used in direct marketing. The study said face-to-face marketing and sales can often be interrupted when notebooks are thrown into the fray, but tablets are less intrusive and negate the impersonal effects of traditional computers on sales. As a result, tablets are becoming a prime tool for information sharing and electronic direct marketing in the enterprise, the study said.<br/><br/>In response to Gartner&#39;s work, Stuart Miles, editor of Pocket-lint, told Thompsonlocal.com tablet computers could become a primary platform for presentations and other marketing methods. Over time, tablets could become more popular as tools for data and analytic sharing than they are for personal computing, Miles said.<br/><br/>According to a recent report from iStockAnalyst, software developments, including marketing automation tools are driving an environment that will make mobile devices and electronic direct marketing more important in enterprises. While little is known, as of yet, about the actual return on investment (ROI) with these schemes, experts indicate they reduce marketing costs, making them invaluable for businesses.]]></content:encoded></item>		<item><title>Expert: Hosted CRM Can Lead to Superior Service</title><link>http://www.teletech.com/news/customer-management/expert-hosted-crm-can-lead-to-superior-service-800237136</link><pubDate>2010-11-15T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Combining a hosted customer relationship management (CRM)
solution with unified communications can create an efficient and
customer friendly environment in a call center.<br />
<br />
 According to a recent report on TMCnet, hosted CRM solutions can
drive improvements, such as maximizing the efficiency and
effectiveness of unified communications, in an enterprise
environment.<br />
<br />
 The main benefit of a hosted CRM, according to the news source, is
allowing companies to consistently update their customer service
technology while also unifying CRM data, making it easily
accessible for call center and other relevant personnel.<br />
<br />
 A prime example of this improved efficiency, TMCnet reports, comes
when phone services are unified with CRM solutions. Linking the two
platforms facilitates a number of customer service improvements,
including improved call recording, automated data entry from calls
and software that instantly provides customer information during a
phone conversation.<br />
<br />
 Using a hosted CRM solution can provide businesses with a
competitive edge over their peers, as customer service is often an
integral part of any company's survival. A recent report on Forbes
explains technologies, such as social media, are making customer
service more important than ever to foster customer acquisition and
retention.</p>
]]></content:encoded></item>		<item><title>New Tablet Improves Call Center Capabilities</title><link>http://www.teletech.com/news/customer-management/new-tablet-improves-call-center-capabilities-800235993</link><pubDate>2010-11-15T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Mobile technologies are quickly becoming the standard in the
enterprise because they allow businesses to communicate with and
serve customers in a dynamic, meaningful way. In many cases, mobile
devices such as tablet PCs can be equipped with a unified desktop,
allowing call center workers to converse with consumers while
accessing important customer information.<br />
<br />
Recently, a tablet manufacturer announced a new device designed
specifically for corporate clients working to leverage cloud
computing to engage colleagues, partners, and customers through
improved tools such as social customer relationship management
(CRM).<br />
<br />
The new tablet allows businesses to essentially give workers a
mobile terminal to access the company's computing systems. The
device can be customized to meet specific corporate needs,
maximizing revenue generation and enhancing customer service by
leveraging industry-specific technologies within a mobile social
CRM platform.<br />
<br />
By using cloud-based social CRM tools, businesses can deploy a
number of technological solutions to provide customer care and
other services through call center employees, home agents, and
other outsourced personnel.<br />
<br />
Social CRM is becoming an important trend in marketing and customer
service. According to a recent Gartner report, all business
applications will be linked to social CRM by 2016. Gartner said
that companies should mesh their social CRM, internal
communications, and public websites into one cohesive solution.</p>
]]></content:encoded></item>		<item><title>Social Media is Becoming a Critical Part of CRM</title><link>http://www.teletech.com/news/customer-management/social-media-is-becoming-a-critical-part-of-crm-800234147</link><pubDate>2010-11-12T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Cisco Systems recently released a new project, SocialMiner, that
reveals the importance of social media in customer relationship
management (CRM) and customer service operations. SocialMiner is a
social CRM software application that allows businesses to delve
into the depths of the internet, uncovering what consumers are
saying about them on social media networks.<br />
<br />
SocialMiner can search through forums, message boards, and other
content on social networking websites to find any times a company
has been mentioned, notifying the organization when its name arises
in conversations.<br />
<br />
"Companies are realizing that by ignoring the online chatter,
they're opening up opportunities for their competitors and allowing
dialogue about their brand to happen without them," said John
Hernandez, vice president and general manager of the Cisco Customer
Collaboration business unit.<br />
<br />
Customers are increasingly using social media to participate in
dialogue about businesses. According to a recent study performed by
Nielsen, 1 million Tweets are sent out daily, while 34 percent of
Americans have used social media to talk about companies, products,
or brands. The increased use of social networking to discuss brands
is making social CRM a critical part of any business' customer
service strategy.</p>
]]></content:encoded></item>		<item><title>Affiliates Can Create Customer Acquisition Opportunities</title><link>http://www.teletech.com/news/revenue-generation/affiliates-can-create-customer-acquisition-opportunities-800233978</link><pubDate>2010-11-12T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Online retailers often use detailed reports on consumer
information to identify the precise demographics of their customer
base. This research can give a store a unique understanding of its
loyal customers, allowing it to create relevant marketing
plans.<br />
<br />
By taking advantage of affiliate partnerships, companies can use
these industry diagnostics that many online stores participate in
to maximize their brand and generate customer acquisition
opportunities, Econsultancy Digital Marketers United reports.<br />
<br />
Affiliate agreements allow retail businesses to reach new customer
groups that would otherwise be drawn to other brands. Affiliates
are also able to target specific demographics, improving customer
experience and providing improved revenue and customer acquisition
for the central company.<br />
<br />
These advantages are especially notable when companies are linking
themselves to small niche ecommerce retailers, such as cashback and
voucher code sites. Essentially, affiliates are a profitable
business connection because they allow the larger company to offer
services and reach demographics that would otherwise fit outside of
the brand.<br />
<br />
In many cases, successful customer acquisition through affiliates
depends on a company's ability to adequately understand its needs
for generating online traffic, Catalogue Ebusiness reports.
Affiliate marketing can be a profitable way to bring visitors to a
store because they can use search engine optimization and other
advertising tools to reach consumers that would not normally search
for items prominently related to the brand.</p>
]]></content:encoded></item>		<item><title>VoIP Driving Outsourcing Market in China</title><link>http://www.teletech.com/news/contact-center-technology/voip-driving-outsourcing-market-in-china-800231709</link><pubDate>2010-11-11T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>The business process outsourcing and call center outsourcing
market is growing in China because firms in the country are
deploying Voice over Internet Protocol (VoIP) technology to
facilitate improved communications between customer service
personnel, clients, and customers, according to a recent Research
and Markets report.<br />
<br />
By deploying VoIP-enabled technologies, such as routers, gateways,
IP phones, and wired and mobile communication devices, call centers
in China are providing a secure and reliable medium for consumers
to obtain support.<br />
<br />
According to the report, VoIP traffic is expected to expand by more
than 100 percent each year between now and 2014. The growth is
anticipated as more companies turn to VoIP because it can deliver
improved quality at a reduced cost when compared with other
customer service technologies.<br />
<br />
The U.S. is also leveraging improved broadband-based technologies,
such as VoIP, to improve business prospects for companies.
According to a recent report by the National Telecommunications and
Information Administration, a lack of broadband services can
significantly limit an organization's ability to successfully
engage customers, giving businesses that deploy high-quality
technological solutions a major advantage.</p>
]]></content:encoded></item>		<item><title>Manchester Police Considering Outsourcing To Cut Costs</title><link>http://www.teletech.com/news/enterprise-management/manchester-police-considering-outsourcing-to-cut-costs-800229394</link><pubDate>2010-11-10T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>The police department in Manchester, England, is faced with a
difficult financial time, tasked with protecting the public while
remaining fiscally responsible in a challenging economy. To combat
the economic struggles, chief constable Peter Fahy told the
Manchester Evening News the organization could cut its back office
staff and replace it with an outsourcing agency.<br />
<br />
According to Fahy, maintaining units on the streets is the
department's first priority, but officials also understand that
officers need the support of back office and call center personnel
to be successful, the Manchester Evening News reports.<br />
<br />
As a result, Fahy told the news source, the department is
considering back office outsourcing, and perhaps call center
outsourcing as a way to maintain unit support while lowering
operating costs in the precinct.<br />
<br />
The Manchester Regional Police force currently employs 8,000
officers and 4,152 civilians. It needs to cut approximately 1,000
jobs, putting it in a similar situation to many businesses that use
outsourcing to maintain services in difficult economic times.<br />
<br />
Manchester Police's decision to outsource some of its personnel is
not an isolated incident. According to an October report by the
Financial Times, companies are turning to outsourcing for both back
office functions, such as maintenance, and middle office
operations, including call center and customer service. Outsourcing
agencies have matured in recent years, and are offering advanced
services to businesses and public agencies.</p>
]]></content:encoded></item>		<item><title>U.S. Companies Turning to Unified Communications</title><link>http://www.teletech.com/news/contact-center-technology/u-s-companies-turning-to-unified-communications-800225393</link><pubDate>2010-11-09T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Using technologies, such as voice over internet protocol (VoIP),
to facilitate a unified communications model for customer support
and call center management allows employees to use the internet to
manage multiple outlets of communication through one device.<br />
<br />
This efficient method of facilitating telephony, video, and other
communication services is becoming increasingly popular around the
United States. A recent study by Infonetics reports 96 percent of
companies plan to deploy unified communications services in the
near future.<br />
<br />
The survey, which polled 106 North American businesses, found
unified communications adoption is growing in service center
environments because companies are working to integrate
state-of-the-art technological tools, such as mobile wireless
applications, video, short messaging, and social networking, into
their customer relationship management solutions.<br />
<br />
"Despite the confusion sowed by vendors who have abused the term
'unified communications,' unifying disparate modes of communication
has strong appeal because it ultimately simplifies the lives of
users and increases their productivity," Matthias Machowinski of
Infonetics told InformationWeek.<br />
<br />
Deploying recent technologies for customer service and
communications can be critical to a company's success. According to
a recent study by ASQ, many companies are dissatisfied with
business process outsourcing (BPO) partners that use&nbsp;inferior
technologies. When asked what BPO organizations could do to improve
their services, respondents cited improved communications and
upgrading to new, innovative technologies as primary areas for BPO
growth.&nbsp;</p>
]]></content:encoded></item>		<item><title>Social Media Can Improve CRM</title><link>http://www.teletech.com/news/customer-management/social-media-can-improve-crm-800223755</link><pubDate>2010-11-08T00:00:00</pubDate><content:encoded><![CDATA[ 
<p>Customer relationship management (CRM) is beginning to center
around social CRM, as businesses are adapting social media tools to
improve their ability to interact and share data with customers.
While many companies have focused on using social networking to
reach customers for marketing purposes, Inc. Technology reports
social CRM is best deployed as a method for communicating with, and
serving, customers.<br />
<br />
Citing a recent study by American Express, Inc. Technology explains
that consumers are placing an increased value on customer service
in response to the economic recession. The effect of high-quality
CRM can be seen clearly, according to the study, as consumers are
willing to spend more money with businesses that focus on
service.<br />
<br />
The necessity of social CRM is amplified, however, when one
considers consumer outlook on businesses. Almost half of the
respondents believe companies are unwilling to make an extra effort
to reach them. Through social CRM, businesses are able to manage a
complex web of relationships with consumers through social media
outlets, reaching potential customers where they are, and creating
a positive impression of the company.<br />
<br />
Companies are finding creative ways to deploy social CRM. Using
social media for CRM is also becoming important as consumers begin
to forgo traditional methods of communicating with companies, and
are taking to online forums and social networking pages,
Computerworld reports.</p>
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