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Snack POS Partners with Sunmi to Revolutionize Restaurant Experience with State-of-the-Art Hardware

Snack POS Adds New Omnichannel Payments Technology and Functionality |  Business Wire

Snack POS, a leading provider of point-of-sale (POS) solutions for restaurants, is proud to announce its partnership with Sunmi, a global hardware technology company, to bring state-of-the-art hardware to restaurants across the world.

The partnership with Sunmi will enable Snack POS to offer its restaurant partners access to Sunmi’s advanced hardware technology. This includes Sunmi’s cutting-edge point-of-sale hardware and mobile payment devices, which will allow restaurants to process transactions more efficiently, securely, and effectively. This partnership will also enable Snack POS to expand its reach to more restaurants, helping them provide a more seamless and enjoyable dining experience to their customers.

Read More: Medius Appoints Henrik Rosén As Chief Technology Officer

“Snack POS is excited to partner with Sunmi to offer our customers access to the most advanced POS hardware on the market”

With this partnership, restaurants using Snack POS will be able to leverage Sunmi’s innovative hardware to improve their overall operations. Sunmi’s devices are designed to help restaurants enhance their customer service, improve the accuracy of their order-taking and payment processing, and streamline their overall operations. This will help restaurants to focus on what they do best – creating great food and providing excellent service – while leaving the technical details to Snack POS and Sunmi.

“Snack POS is excited to partner with Sunmi to offer our customers access to the most advanced POS hardware on the market,” said Shmuly Preizler, CEO of Snack POS. “We believe this partnership will allow us to take our service to the next level and help our restaurant partners to provide a better overall experience to their customers. We look forward to working with Sunmi and our restaurant partners to bring this innovative technology to restaurants across the world.”

Read More: SalesTechStar Interview with Ang McManamon, VP of Sales at Crunchbase

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Pushpay’s Customer Success Team Wins Contact Center of the Year at the 2023 Stevie Awards

Pushpay - Online Church Giving & Church Management Software

Pushpay was recognized among three categories at the 17th annual Stevie® Awards for Sales and Customer Success

 Pushpay, the leading payments and engagement solutions provider for faith-based and non-profit sectors, was recently awarded a Gold Stevie® Award for Contact Center of the Year, specifically among technology companies with more than 100 employees. The Company also received bronze awards in Customer Service Department of the Year and National Sales Team of the Year categories.

“Customers are always at the heart of every decision we make, which continues to inspire excellence as we nurture and support the growth of organizations throughout their journey with Pushpay,” said Molly Matthews, Pushpay CEO. “Our Customer Success team in particular has deployed new tools and strategies this year to help streamline support and enhance the customer experience.”

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The 2023 Stevie Awards for Sales and Customer Service are the world’s top honors for customer service, contact center, business development, and sales professionals. The Stevie Awards also organizes eight of the world’s leading business awards programs, including the American Business Awards® and International Business Awards.

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This year there were more than 2,300 nominations from organizations of varying sizes, industries and geographic locations—including 49 nations and territories—that were considered in the sales and customer success awards competition. Finalists and winners were determined by the average scores of more than 170 professionals worldwide on seven specialized judging committees. Winners were announced during a gala event attended by more than 400 professionals from around the world at Caesars Palace in Las Vegas, Nevada on Friday, March 3.

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ChaseData Announces the Launch of its New Brand, DialedIn.

Setting up agents to work from home

At ChaseData they are DialedIn to the latest in call center technology and they invite everyone to be, as well.

They have spent more than twenty years delivering Dialer and Call Center software as ChaseData Corp, and the time has come to rename themselves with a more recognizable brand that better reflects the company’s technology and values. “What better time than now to be DialedIn , the new company name and enhanced CCaaS product line,” says CEO of DialedIn , Ahmed Macklai.

More than just a name change, it brings along improvements to the current product and company. Here are a few things to check…

Engineered to ensure top reliability and system stability.

Meticulous measures to check every number with their Clean CallerID framework so numbers can come up clean and not be flagged as SPAM or Scam likely.

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Working close to carrier partners to ensure high quality and accurate delivery of calls within the Stir Shaken protocol that the FCC approved in 2022.

Enhanced and optimized Answering Machine Detection (AMD) so agents spend more time talking to live people rather than being sent to voicemail, as their careful analysis is showing for operations already using it.

“We are thrilled to usher in a new era for our company under its new brand name,” said CEO of DialedIn , Ahmed Macklai. “Our current and future customers will have access to an enhanced user experience unrivaled in our industry.”

And they won’t stay still. Their DialedIn Agent Assistant is already in its pilot phase. It uses machine learning, text to speech, speech to text, and other state of the art technologies to optimize reaching leads and customers before agents.

DialedIn ‘s goal is to help customers achieve maximum productivity gains. They are confident that their new look and feel, with its enhanced capabilities, reflect that.

Read More: SalesTechStar Interview with Ang McManamon, VP of Sales at Crunchbase

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Zscaler Appoints Global Sales and Alliances Veteran to Grow Worldwide Zero Trust Ecosystem Sales

Zscaler, Inc. Investor Relations

Former Palo Alto Networks, Imperva, and Aruba Channel Executive Karl Soderlund Joins Leader in Cloud-based Zero Trust Security

Zscaler, Inc., the leader in cloud security, announced that Karl Soderlund has been appointed as the company’s Senior Vice President, Worldwide Partners, and Alliances. In his role at Zscaler, Soderlund will be responsible for advancing and modernizing the Zscaler partner program by developing and executing a competitive go-to-market strategy, and leading a world-class channel team.

“As the leader in cloud security, Zscaler continues to become a destination for top talent,” said Dali Rajic, Chief Operating Officer, Zscaler. “Karl’s deep partner expertise and proven track record with the execution of highly strategic partner programs at top networking and cybersecurity companies demonstrates that he is the right industry veteran to take our channel partner program to the next level. As we continue to make meaningful investments in our partner model, I am excited to welcome Karl to the company and am confident that his contributions will deliver results and support company growth.”

The Zscaler partner program is comprised of leading system integrators, managed service providers, solution providers, and distributors, and continues to add new classes of partners that are expertly suited to help enterprises take advantage of the Zscaler Zero Trust Exchange platform. The partner program is responsible for delivering 95 percent of the company’s business. The Zscaler partner program goes beyond providing access to offering broad-based enablement across the lifecycle of Zscaler’s customers.

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“Zscaler is an innovator and leader in cloud security that has consistently delivered on the promise of zero trust while redefining network security with the world’s largest inline cloud security platform,” said Karl Soderlund, Senior Vice President of Worldwide Partners and Alliances at Zscaler. “With a total addressable market of $72B, it was a clear choice to join Zscaler. I look forward to bringing my experience to dramatically elevate Zscaler’s partner program.”

Soderlund joins Zscaler from Palo Alto Networks where he served as a Senior Vice President. Soderlund’s time at Palo Alto Networks was marked by strong accomplishments, including attracting and retaining top talent, architecting award-winning channel programs, and securing new partners. Soderlund has been awarded channel chief eight times over his career and for the past three years, he’s been recognized as one of the top 50 most influential leaders in the industry.

Prior to Palo Alto Networks, Soderlund also held senior roles at Aruba Networks, Avaya, HP, Cisco Systems, and Fortinet. Soderlund received his Bachelor’s degree in Business Management from Anna Maria College.

Read More: SalesTechStar Interview with Ang McManamon, VP of Sales at Crunchbase

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Online Retail and Conversational Commerce: Why the Two Go Together Today

In the modern era of online retail, conversational commerce has a pivotal role to play. Conversational commerce allows eCommerce stores to connect with customers at every step of their customer journey.

Against those aggressive banners and pop-ups, conversational commerce opens up the doors of dialogue between you and your potential customers. As a result, you can establish a long-lasting connection with them.

Digital and online retail businesses map out their customers’ journey in the following stages:

  • Awareness

Awareness is a stage when the consumer realizes that he has a problem. To solve the problem, the consumer hunts the market to discover you in the process.

This is the most important stage in the entire funnel, and conversational tools help you connect to your customers who have just begun their journey and are looking for agencies like you.

  • Consideration

The consumer has already conducted preliminary research and learned a bit about your company.

At this stage, they are looking for more information, comparing you with all available competitors, reading reviews, and case studies to either close or abandon the purchase.

Conversational AI helps you break the ice and you can give more information to your customers to help them get to know the offer.

  • Decision

So, this is the stage when the consumer will decide to purchase. Do not stay under the impression that as the consumer has arrived at this stage on your laurels, he will make a positive decision. You still need to assure your customer and channel their decisions in the right direction.

Conversational AI will keep the spark of communication on and also strengthen the customer’s decision.

  •  Retention

In case you were successful to push your consumer to this stage, it means you have provided all the information that you could. However, you must not stop here.

It is time that you take care of all your customers who have arrived at this stage and try to retain them for future purchases.

Let conversational AI help you send personalized messages from time to time and respond to feedback if any.

By now you are probably convinced how conversational commerce helps you grab the attention of your customers toward your brand and increases the credibility among future consumers.

Read More: SalesTechStar Interview with Jonathan Lister, COO at Vidyard

Let us now see the benefits of conversational commerce for your online retail brand.

1. Reduce cart abandonment

70% of shopping carts are abandoned due to various reasons. While it is a serious issue, we must work on the root cause of the problem.

One of the primary reasons that people do not finalize their purchase is the high shipping costs. On top of it, customers are discouraged when they have to create an account and undergo a confusing checkout process.

So, how does conversational AI help you reduce cart abandonment?

  • Brands can leverage the technology and send proactive greeting messages to customers via live chat. They can offer support to the customers to fill out any forms required and complete the purchase.
  • Use social media checkbox Plugin: Social media plugins allow the brand to detect active sessions on the platform and connect with users who have finalized their orders. Brands can offer discounts to add more incentives to their purchase.

 2. Close potential deals faster

Support your customers using the power of conversational commerce. As 49% of the customers love the option of messaging over a phone call, conversational AI helps to close the deal faster. You can:

  • Send customized live chat greetings.
  • Use a chatbot on the checkout page
  • Use chatbot reminders.

3. Direct messages to support consumers

Your brand may have easy-to-understand products but when a few products have complex features, direct messages through conversational AI will let you reach out to your customers.

4. Collect feedback

Collecting feedback from your customers is essential, and when you do it through natural conversation, it is much more effective.

5. Offers cross-selling and upselling opportunities

Conversational AI helps you with cross-selling and upselling opportunities that double your profits by retaining old customers. Technology helps brands connect with an old customer through a messenger chatbot.

That said, some of the popular types of conversational AI you can use an online retail brand are live chat, chat bots, messaging apps, and voice assistants. Identify the kind of conversational AI that works for your organization and leverage the power.

Read More: ICM in recessionary times

Rounding Up

Conversational commerce allows online retail stores to connect with customers throughout their buying journey. All online stores can leverage this facility to sell products and services during conversations. Brands must remember that conversational commerce will work for them only when it is tailored according to the needs of the consumers. Do it right to get the best results.

Loren Data Launches New Annual Plan with Self-Enablement Process for ECGrid Network

POWERED BY INNOVATION

Loren Data has created ECGrid Express, a program allowing EDI-capable businesses to quickly onboard the ECGrid network.

Loren Data Corp., a B2B messaging platform technology leader, announced today a new expedited process for select clients to onboard their ECGrid network.

In response to a demand in the market, Loren Data created ECGrid Express, a program that allows EDI-capable businesses with low EDI transaction volumes and trading partners to quickly onboard the ECGrid network with complete control. Through a simple online registration process, users gain access to the entire ECGrid network, including their own portal interface and all of ECGrid’s innovative features. Once on the network, users self-enable their connectivity to trading partners and begin exchanging EDI transactions almost immediately.

“Supporting EDI can be a challenge for many businesses, especially small suppliers to retailers. The delay in implementation can impact their supplier scores and result in costly chargebacks,” states Loren Data’s CPO, Jon Gatrell. “We developed ECGrid Express so organizations could set up their EDI VAN connection in mere hours to start exchanging data with their trading partners quickly.”

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ECGrid Express is offered for a pre-paid annual fee, with multiple tiers available. Organizations can control their EDI implementation on their terms, budgets, and timelines and avoid the hassle of monthly invoicing, all with the same reliable ECGrid network backbone customers know and trust.

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Loren Data Corp. is a leading B2B eCommerce and secure transaction network company, providing innovative, efficient, and high-value solutions for businesses to collaborate with an integrated supply chain. With its flagship cloud and web services offerings, ECGrid, Loren Data delivers a world-class, self-service, unified EDI and B2B messaging platform for Managed Service Providers and Global 2000 companies to transact business with their trading partners with rich API support and legacy network connections.

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Gong Recognizes Ten Companies Driving Efficient Growth with Revenue Intelligence

2022 Golden Gong Awards showcase companies using Gong’s automated insights to deliver strategic business results

Gong, the Revenue Intelligence leader, today announced the winners of the third annual Golden Gong Awards, which recognizes companies using Gong to help their sales teams drive efficient revenue growth.

Ten companies were selected as winners based on their use of the Gong Reality Platform to increase sales productivity, improve deal execution, and help ensure the success of strategic initiatives, especially as market needs change. Gong supports revenue teams’ most critical workflows in one platform to understand pipeline risks and opportunities, and prompt revenue teams to take action accordingly. With this understanding, organizations can increase sales productivity and pivot their revenue strategies to better address changing market needs.

“More companies are choosing to consolidate their sales technology stack on the Gong platform because of its ability to increase revenue teams’ productivity, improve decision making, and drive efficient growth,” said Bríon O’Connor, CMO, Gong. “This year’s Golden Gong Awards recognizes the companies that have adopted this approach to transform their revenue organizations and grow strategically despite economic challenges.”

The 2022 Golden Gong winners are:

  • The A-Team (NEW)  Best Use of Gong Across Your Organization Story: Alpine IQ
  • The Captain – Best Gong for People Story: Greenhouse Software
  • The Globetrotter (NEW) – Best Use of Gong Across Countries Story: Mimecast & Indeed
  • The Innovator – Most Creative Use of Gong Story: Datarails & Demandbase
  • The Most Valuable Player (MVP) (NEW) – Best Use of the Entire Gong Platform Story: DemandScience
  • The Powerhouse (NEW) – Best Gong for Performance Story: Andela
  • The Strategist – Best Gong for Strategy Story: MasterClass
  • The Visionary – Best “We Switched to Gong” Story: Rollworks

The Golden Gong Awards is an annual initiative to recognize companies leveraging revenue intelligence in an innovative way. This year’s winners were selected from 183 total nominations across 101 customer accounts.

Quotes from the Golden Gong Award Winners

Alpine IQ initially started using Gong solely for their customer success team and later brought Gong into the sales and marketing team.

“Gong is a pivotal part in Alpine IQ’s day to day operations. Our marketing team uses Gong to improve sales’ materials by listening to demos and pulling keywords for company-wide materials. The sales team save and share demos through Gong as well as use interaction insights to better improve sales calls,” said Alesia Anderson, Marketing Brand Manager, Alpine IQ. “Gong was instrumental in Alpine IQ’s 74% growth in recurring monthly revenue in 2022.”

Greenhouse Software used Gong to help reinforce the training for its sales force (Small Business and Mid-Market Account Managers) around a new product that had recently been launched.

“At Greenhouse we strive to create a culture that fosters innovation and encourages our employees to think differently,” shared Jessica Clay, Senior Program Manager, Sales Enablement, Greenhouse Software. “Last year our Small Business and Mid-Market Account Management teams took a new approach to a product launch and we developed a biweekly game-film series using Gong. Gong provided a practical approach for managers and peers to discuss new ways of positioning the value of our product. This out-of-the-box thinking led to a significant improvement in our feedback loop and contributed to more than doubling our product revenue.”

Indeed – the #1 job site worldwide – decided to roll out Gong globally because they needed a solution to help them understand and serve the diverse needs of their international audience. Indeed’s global mission is to help people get jobs, and Gong has given the company the ability to capture calls from different countries and understand the unique cultural contexts of each region.

“We have used Gong.io’s advanced analytics to optimize our sales process in different regions, tailoring our approach to fit the specific needs and preferences of our clients,” said Nathan Davison, Manager, Learning and Development, who leads the continued education support at Indeed. “This has been particularly useful since we launched the ‘Indeed Way Methodology’ to Sales and Support to over 6000 reps globally in the past two years across all of our markets, and Gong has given us greater insight into what is working well, who is doing it best, and how we can model and evolve our approach based on this new level of insight.”

Mimecast has deployed Gong in nine different countries, all of which have a high adoption rate of the platform. It has helped the team provide a consistent Mimecast story when engaging with customers in each of their global theaters.

“Last August, we announced our new Work Protected branding and messaging, and it was extremely important that reps across all our locations were using it consistently in all customer-facing content. With Gong trackers and call filters, we have been able to set up saved searches to highlight examples of when new messaging has been used effectively and also flag when old messaging or content is used,” said Ian Gwynne, Technology Enablement Architect, Mimecast. “This helped us identify that we needed to provide better hands-on training in regions where time zones are difficult to manage, which led us to hire an enablement manager in a specific region to ensure that we are providing consistent support.”

Datarails put Gong data at the center of its unique marketing campaign, where it had celebrities recording quotes from real Gong calls to show the problems that CFOs and Financial Planning and Analysis teams face on a daily basis, but do not talk much about.

“Getting celebrities from shows such as The Sopranos and The West Wing to narrate real-life problems of financial planning and analysis, as recorded on Gong calls, helped to show us a human brand who deeply understand the challenges of our target market,” said Jonathan Marciano, Director of Communications, Datarails. “Content such as this helped enable Datarails to grow at 3x ARR last year.”

Demandbase’s enablement team recently began hosting bi-weekly knowledge-sharing sessions they affectionately call, “Gong GOATs Live,” showcasing the best sales tactics captured by Gong.

“Each week we take a section or subsection of our playbook and focus on improving that specific skill,” said Jay Tuel, VP GTM Strategy, Demandbase. “For example, one month, we focused our Gong GOATs Live on learning to do outstanding discovery. The following month, we saw conversion rates to pipeline improve 8% for new business and 26% for upselling.”

Read More: SalesTechStar Interview with Ang McManamon, VP of Sales at Crunchbase

DemandScience uses Gong to tie their revenue intelligence all together. While they initially switched from an alternative solution to Gong, they immediately observed greater benefits beyond the initial use case of getting conversational insights.

“We use everything from trackers to understand trends with our prospects and clients, but also market trends to help our product and marketing teams understand some of the sentiment in the market around certain initiatives. It’s helped lead our product development and get ahead on certain decisions,” said Eric Choronzy, SVP, North America Sales, DemandScience, “We’ve also onboarded Gong Forecasting globally as we finally made forecasting a priority going into 2023. Additionally, we’re beta users on Gong Assist, and see that as something we may onboard as well in the near future. Basically, we’re a full blown Gong shop over here, and are happy we made this decision.”

Andela is the largest flexible network for on-demand, high quality remote digital talent leaned in heavily to its use of Gong in 2022, and saw its go-to-market organization transformed.

“As a fully remote company, we were looking for ways to improve our ramp times for new hires. We leverage various platforms to help facilitate a remote onboarding experience, but once we implemented Gong everything changed. As we implemented new offerings, we needed a way to quickly share strong examples of top reps pitching the offering in order to ensure reps could perform at their fullest potential” said Kieran Smith, Senior Manager, Revenue Enablement, Andela. “Since leaning into Gong, we have reduced our time to ROI to 12 weeks, shortened sales cycles by a third, and shrunk the time between onboarding an SDR to booking their first meeting to just 16 days.”

Initially, RollWorks used a conversational intelligence solution to record its sales calls. Over time, they realized the need for a platform to deliver more deal insights around how activity was impacting pipeline and renewals, and made the switch to Gong.

“In 2022, we focused most of our enablement around up-leveling and up-skilling our reps. With the macro-economic impact on the MarTech industry, it was important to ensure our Sales and CS teams were properly showing up to customer conversations as advisors and leading with value,” said Cheryl Bisram, Sr. Director Revenue Enablement, RollWorks. “With Gong, we have seen an increase in productivity and a 57% increase in average contract value in 6 months. We have also seen an increase in our appointment to qualified conversion rate from 34% – 50% amid 100% Gong adoption from all AE, AMs, and CSMs.”

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RollWorks was also able to migrate their entire post-sale and renewal forecasting process to Gong boards. With unified Dealboard data, CRM data, and Gong’s AI trackers, they were able to analyze new product launch pitches as well as competitive conversations. It helped the team stay organized and focused on future quarters, helping improve their Net Dollar Retention 31 percentage points QoQ.

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Winning by Design Releases Realtime SaaS Benchmark Application

  • Winning by Design (WbD), in partnership with BenchSights, rolled out an interactive application that allows SaaS companies to benchmark their performance.

  • The new service provides real-time insights into important sales performance metrics.

  • The service is based on the bowtie, a data model that expands the marketing and sales funnel to include customer success metrics, particularly those around recurring revenue.

Winning by Design, the leader in accelerating and optimizing recurring revenue, released a benchmarking application today. The powerful new platform, built in collaboration with BenchSights LLC, empowers sales organizations with the benchmark data they need to assess and rank their sales performance metrics accurately. The best part? Revenue leaders can set up an anonymous, confidential account and get immediate, customized benchmarks against their metrics.

“Revenue leaders need hyper-relevant data in real-time to make important business decisions. Today these leaders rely on outdated rules of thumb or static benchmark data,” explains Jacco Van der Kooij, Founder of Winning by Design. “This static data is benchmarked against a conventional marketing and sales model, which does not cover the part of the customer journey in which recurring revenue is achieved. With this new benchmarking application, revenue leaders from SaaS organizations now have a valuable tool to understand better how their organizations are doing, evaluate performance, and rank themselves against peers.”

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Sales and revenue operations leaders can freely access the site, set up anonymous, confidential accounts, and review customized aggregated data views. Over time, the data will expand to accommodate more detailed views. For example, as more companies contribute their data, the community will be able to assess how the current environment is affecting KPIs such as churn, sales cycle length, and discounting, relative to 2022 and 2021.

Read More: Digital Business Growth Exploding in 2023

“We are thrilled to be powering Winning by Design’s new Bowtie Benchmarking app,” said David Spitz, Founder and CEO of BenchSights. “WbD’s framework is perfectly suited for our platform. This community is eager to have benchmarks driven by real data tracked over time – precisely what our platform delivers.”

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Quantiphi and UJET Announce Partnership to Develop Specialized Virtual Agents for BFSI Powered by Qollective.CX

Quantiphi-UJET partnership offers turnkey solutions to help more enterprises in the BFSI industry

Quantiphi, an AI-first Digital Engineering company, recently launched Qollective.CX – an intelligent experience management platform that simplifies contact center transformation. UJET, Inc., the world’s most advanced contact center platform, will partner with Quantiphi and leverage the Qollective.CX platform to enhance its UJET Virtual Agent capabilities with pre-trained conversational skills for the banking and insurance industries.

Through the Quantiphi-UJET technology partnership, Quantiphi has built virtual agent templates designed specifically for customer service providers in the banking and insurance industries. UJET will offer these virtual agents pre-trained to handle common customer queries with ready-to-deploy capabilities, enabling banking and insurance contact centers to automate customer service operations with minimal setup effort. Qollective.CX allows UJET customers to deploy proven virtual agent experiences faster due to the several out-of-the-box templates, skills, and intents. Therefore, customers can access a quicker time-to-market alongside elevated virtual agent performance and simpler contact center integrations.

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“With this strategic partnership, we aim to offer banking and finance organizations a turnkey solution for leveraging virtual agents at scale”, said Gaurav Johar, Global Practice Leader for Conversational AI at Quantiphi. “Qollective.CX integrates with the UJET platform to facilitate niche virtual agent capabilities and accelerate deployment velocity.”

“Innovative, forward-thinking organizations recognize the power of AI and are leveraging automation to expand contact center capabilities, increase effectiveness, and improve operational efficiency,” said Vasili Triant, Chief Operating Officer, UJET. “Qollective.CX technology from Quantiphi will enable UJET customers to quickly deploy industry-specific Virtual Agents to deliver more intuitive, human-like interactions, with faster speed to value.”

Read More: SalesTechStar Interview with Ben Calfee, VP Commercial Sales of Showpad

Redefining Banking Experience with AI

AI-powered virtual agents are a lucrative proposition for banking clients, enabling organizations to rise above customer experience challenges. Not only do virtual agents offer a fluid customer experience, but also provide cost savings. With modern customers embracing virtual agents, banking-specific virtual agents are more important than ever. When properly deployed and combined with live-agent support, conversational AI and virtual agents offer banking convenience to customers while enabling organizations to extract measurable returns on their AI investments.

Industry-tailored Virtual Agent Skills

At the outset, UJET Virtual Agent is packed with several domain-specific templates to assist banking and financial services customers with native use cases such as caller authentication, making payments and resetting account passwords, etc. Organizations can easily sync their customer data with UJET-supported CRMs to drive better virtual agent performance.

Banking and insurance providers can leverage pre-built capabilities or fully customize UJET Virtual Agent with engineering and optimization support to meet their customer experience goals.

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VMware Selects Renewtrak For Global Customer Retention and Growth

Renewtrak is pleased to announce a significant expansion of our relationship with VMware.

VMware selects Renewtrak for global customer retention and growth. Renewtrak is pleased to announce a significant expansion of our relationship with VMware.

VMware was faced with the following challenges:

“When we’ve earned the loyalty of over 500,000 customers globally, across a global partner community of 28,000, transitioning our perpetual contracts to subscription requires a renewals and sales automation solution that can scale across the long tail,” said David Pinto, Senior Director – Strategy, Planning and Operations, VMware Revenue Lifecycle Management.

“With a significant percentage of our contracts sitting within our long tail business segment, we require a low-to-zero touch renewals approach to support and enable our renewals-focused teams and our partners to extend customer touch points across the post-sales lifecycle journey.”

“By partnering with Renewtrak and adopting its automation platform, we were able to future-proof our highly transactional renewals business with an out-of-the-box, M/L and AI powered platform to improve productivity, cost efficiencies and global scale capabilities” David Pinto, Senior Director – Strategy, Planning and Operations, VMware Revenue Lifecycle Management.

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“By using Renewtrak, VMware was able to streamline its renewals process and leverage the platform’s capabilities to drive scalable customer engagements and revenue growth.”

— David Pinto

The Renewtrak Solution

VMware selected Renewtrak, a software solution that runs on Azure, due to its flexible renewals and digital sales workflow, as well as its collaborative approach to enterprise partnerships. This allowed VMware to easily integrate its renewals, perpetual-to-SaaS subscription licence conversion efforts, workflows, and quoting systems into a single, easily deployable architecture. By using Renewtrak, VMware was able to streamline its renewals process and leverage the platform’s capabilities to drive scalable customer engagements and revenue growth.

Unlike homegrown, outsourced, and traditional renewals software, every aspect of Renewtrak’s renewals is built to optimise the renewals process for sales, customer success, renewals, and operations teams. Renewtrak is powered by a machine learning architecture that is constantly learning from over 20,000,000 renewal interactions per year on Renewtrak’s platform. Renewtrak’s M/L powered engagement engine recovers 10% more revenue for their customers than those relying on traditional methods.

Renewtrak’s platform also provides teams with unparalleled adaptability and ease of use. Thanks to the flexibility of the core Ingestion API, VMware can now instantly add new products, new pricing, new geographies and transition customers to preferred product, pricing and billing models.

Read More: Why Accurate Forecasts Can Help Weather The Economic Storm

Outcomes:

Now that Renewtrak’s infrastructure serves as the connective layer across VMware’s product offerings, VMware can grow lifetime customer value and reduce operational costs, leading to further opportunities to maximize revenue. “The increasing depth of our product suite is making Renewtrak a powerful revenue multiplier for software businesses globally– without them having to lift a finger,” commented Mathew Cagney, CEO Renewtrak.

“We’re thrilled that VMware chose to partner with Renewtrak to streamline the renewals experience across its product offerings.” With this partnership, VMware joins leading enterprises using Renewtrak today to scale and adapt. Renewtrak now processes more than $3 billion in renewals annually for its customers.

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