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The Four Elements of Excellent Customer Service

SAPInspired by the four elements that are the fundamental building blocks that enable life to function, the following factors are key for companies to successfully attain customer service excellence and sow the seeds for life-long customer loyalty:

Earth: Being Grounded in Customer Data.

Customer service teams cannot cater to customers if they do not understand them. To holistically understand customer needs, comprehensive data is vital. Companies should have visibility into every touchpoint a customer has with their company and use that as a compass to guide their interactions. This includes eliminating silos to provide consistent and seamless service that follows the customer in their journey across various channels. No one wants to repeatedly explain their issues to a different representative every single time. Customers want to know that when they do speak—be it via phone, chat, email, or social media—that their voice has been heard and their problems are in the process of being solved.

Read More: Interview with Sandie Overtveld, Vice President Sales, APAC at Zendesk

Water: Effective Training helps Service teams avoid hot water.

Customers often reach out to companies because they already have an issue with a product or service. These engagements can leave a lasting impression on the customer, with the negative ones standing out more than the positive ones. Agents need to be instructed to leverage data so that they not only provide the required solution at that moment but anticipate future needs and avoid further incidences or escalations as well. The right training keeps Service Teams a step or two ahead of issues and thus build their credibility and reliability in the eyes of the customer. The ROI of proper onboarding and education may include a stronger sense of customer trust and advocacy—powerful tools for customer acquisition and retention.

Read More: Interview with Anil Kaul, CEO at Absolutdata

Fire: Preempt Any Burning Questions with Smart and Simple Self-Service Options.

Asking for help and getting answers shouldn’t be a painful and challenging process. With the rise of Intelligent Self-Service offerings such as conversational chatbots and intuitive Help Center websites, customers have the chance to resolve their questions and challenges on their own. This frees customer service representatives to spend more time providing complex and proactive support to those that really need it.

Investing in smart and well-thought-out self-service solutions saves both the customer and the company a lot of time, effort, and possibly creating a positive impact on a business’s bottom line.

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Wind: Consistency will Keep Customers from Blowing in the Wind.

Excellence and loyalty are borne out of consistency. Customers should know that when they engage, their needs will be taken care of swiftly and entirely without fail.  This is what brings them to keep their subscriptions or to keep buying a brand’s products. Customers should be able to be secure in the knowledge that whatever happens in their consumer journey, that their concerns will be addressed promptly and effectively.

Today’s commerce landscape has no room for legacy customer service. The market is full of stories of dissatisfied consumers that have left service interactions lacking the solution they came for. And this dissatisfaction doesn’t just stay with the customer—it can be spread through word of mouth and amplified through social media.

However, with the data and resources available today, Customer Service Departments can get ahead of almost any customer concern and establish protocols in-place to provide the answers customers need.

By moving from a reactive to a proactive mindset, Customer Service Departments have a tremendous opportunity to transform how they are utilized and perceived by their customer base. By taking these “elements” to heart, companies can achieve excellent customer service and make customers for life.

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Exari Advances Big Data Contract Analytics

Newest offering enables companies to leverage all contract data stored in the Exari Contracts platform in partnership with MongoDB

Exari, the leading provider of enterprise contract management software, has announced a partnership with MongoDB. Exari’s new AI-powered contract management platform generates large amounts of rich contract data, requiring powerful, reliable and flexible data storage. MongoDB is the leading, modern general-purpose database platform which provides the scalability and flexibility that users want as well as the querying and indexing that users need.

End users need to know the terms and conditions in their contracts day-to-day and understand their rights, risks and obligations. Gaining insight into individual contracts and entire contract portfolios, however, has historically been resource-intensive and costly.

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Exari has addressed this problem by building a platform that extracts, models and operationalizes that data. With thousands of data points in every contract, it is essential to have a powerful solution to be able to extract valuable information in a timely manner. With Exari, every right, risk and obligation is easily discoverable to support operations, legal and risk management teams across all contract types, regardless of who originated them. By adding the power of MongoDB, Exari allows companies to create their own sophisticated reports on the fly.

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“This solution will truly enhance the ways our clients can interact with and use their contract data,” says Jamie Wodetzki, Exari’s Chief Product Officer. “With the Exari Platform, you have the ability to draft self-service contracts and run self-service data captures. Today, we add self-service reporting to our growing list of customer-focused benefits.”

“Exari is a leader in helping enterprises leverage the entirety of their contract data to make better informed business decisions,” said Alan Chhabra, SVP Worldwide Partners, MongoDB. “The Exari Platform and MongoDB is a powerful example of what can be achieved when next generation solutions work in concert to help solve data problems.”

Read More: Interview with Anil Kaul, CEO at Absolutdata

EverString Announces the Winners of the Inaugural FIRE Marketer Awards

Award Program Honors 10 Marketers Using Data-Backed Insights to Drive World-Class Business Results

EverString, the modern B2B data platform for marketing and sales intelligence, today announced the 10 winners of the company’s first annual FIRE Marketer Awards. The 10 marketers honored with inaugural FIRE Marketer Awards embody the principles of FIRE Marketing by using fit, intent, recency, and engagement data to focus sales and marketing teams on qualified leads and close more deals.

Selected by a committee of EverString executives and customers, the winners of the 2018 FIRE Marketer Awards are:

  • David Ewart, Head of Digital Marketing, North, Oracle
  • Daniel Day, Director of Account-Based Marketing, Snowflake
  • Jennifer Dimas, Chief Marketing Officer, Egnyte
  • Dara Schulenberg, Senior Manager, Global Channel Marketing, Riverbed
  • Xenia Escalante, Director of Marketing Operations, Anaplan
  • Peter Herbert, Chief Marketing Officer, FullStory
  • Jib Hunt, Head of Digital Marketing, MediaMath
  • Kristen Wendel, Director, Marketing Operations and ABM, FullStory
  • Torrey Dye, Director of Account-Based Marketing, Terminus
  • Laura Guenther, Vice President of Marketing, SimpleLegal

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“A FIRE marketing strategy allows teams to focus on the quality of leads rather than volume,” said Peter Herbert, CMO of FullStory and an account-based marketing pioneer. “I feel honored to be chosen by my peers as a FIRE Marketer.  Driving operational excellence in marketing by using data is essential to modern marketing.  It’s exciting to see marketers recognized for integrating new and exciting data into their marketing strategy.”

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EverString makes FIRE Marketing simple with a modern data platform that delivers centralized account intelligence, letting marketers know which accounts to target. The FIRE dashboard provides full visibility into accounts and their scores on Fit, Intent, Recency, and Engagement (FIRE):

  • Fit tells marketers which accounts are a good match for their product or service.
  • Intent provides a look at who’s doing research, signaling an intent to buy.
  • Recency provides insight on how recently an account showed intent or engaged with the brand.
  • Engagement tells when and in what way the account engaged with the brand.

“I’d like to congratulate each of the professionals recognized with a FIRE Marketer Award this year,” said J.J. Kardwell, CEO and co-founder of EverString. “Their incredible success validates the FIRE approach of putting the best-fit accounts in the hands of sales and marketing teams, so they can close more deals, using AI-human integration to focus on high-quality leads and transform operations.”

Read More: Interview with Anil Kaul, CEO at Absolutdata

Full Circle Insights Launches Digital Source Tracker to Measure Marketing Performance Above the Funnel

Full Circle Insights®, Inc., maker of comprehensive sales and marketing performance measurement solutions, today launched Digital Source Tracker, an easy-to-use platform that helps marketers measure digital marketing performance above the funnel. Digital Source Tracker identifies the first step of the customer journey, associating anonymous early clicks with a specific conversion path. That means marketers can extend their multi-touch attribution measurements to digital campaigns and organic traffic, a much-needed function that marketers requested.

“Marketers are consistently being asked to provide a complete view of marketing performance, including activities that take place before customers enter the sales and marketing funnel,” said Bonnie Crater, Full Circle Insights president and CEO. “Digital Source Tracker allows for tracking of anonymous clicks, which – when added to our current suite of integrated products that provides data on funnel activities completes the puzzle for marketers, helping to identify and report ROI on all marketing activities, including digital efforts.”

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Digital Source Tracker is the latest addition to the Full Circle Insights marketing performance management product suite, which includes:

  • Full Circle Response Management, which helps marketers track every lead the entire way through the sales and marketing funnel.
  • Full Circle Campaign Attribution, which provides customizable, multi-touch attribution models and comprehensive attribution metrics across all CRM data.
  • Full Circle Matchmaker, which bridges the gap from leads to accounts, assigns leads to owners and targets accounts within a flexible framework that adds account context to leads.

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“Digital Source Tracker allows us to track the revenue impact of our digital campaigns. We’re now able to track on a more granular basis how leads interact with our marketing programs, and how both online and offline campaigns influence opportunities,” said Evan Little, Director of Growth Marketing at League. “This gives us a more complete picture of the buyer’s journey and will shed light on programs that are not getting their due credit in our attribution models.”

Read More: Interview with Anil Kaul, CEO at Absolutdata

Gartner Lists Resco in Magic Quadrant for Mobile App Development Platforms

Resco, the global provider of mobile solutions for Microsoft Dynamics 365/CRM and Salesforce, has been recognized by Gartner in its 2018 Magic Quadrant for Mobile App Development Platforms (MADP). A first-time positioning in a Gartner Magic Quadrant.

Resco debuts in Gartner’s Magic Quadrant 2018 for MADP
Resco debuts in Gartner’s Magic Quadrant 2018 for MADP

MADP were, “First defined by Gartner in 2012 as a platform for addressing and consolidating enterprise mobile app development projects across business-to-employee (B2E), business-to-business (B2B) and business-to-consumer (B2C) app use cases. Today, MADPs are still primarily used to address those diverse mobile app requirements, but they also increasingly support responsive web app development, conversational channels, wearables and immersive devices.” This year’s Magic Quadrant evaluated 19 vendors in the MADP market and positioned Resco in the Niche Players quadrant.

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“We are proud to be included for the first time in Magic Quadrant research report. We believe that being recognized by a global authority like Gartner reflects that we are moving in the right direction with our ambition to provide a truly comprehensive platform for business mobility. From our perspective, as a technology vendor with more than 19 years of experience, we still strive to further improve our products and ensure success of our customers and partners.”Resco’s CEO, Radomir Vozar

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The Unlimited Data Myth; How Will The Market Fill a Bottomless Pit?

Mobile Experts finds mm-wave capacity crucial for market success

Mobile Experts has just released a crucial report in their Expert INSIGHTseries, which offers timely, strategic thought leadership on pivotal market issues. This INSIGHT document illustrates how leading mobile operators will run out of capacity in the near future.

Mobile Expert predicts that in order to achieve their market goals, operators such as AT&T, Verizon, and T-Mobile/Sprint will not succeed without using mm-wave capacity to augment existing bands.

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Mobile Experts
Mobile Experts

The consumer market is shifting, and this concise, meticulously researched report delivers evidence for their assessment of the current market, in which major transitions are already occurring, as well as that renowned thought leadership for the market’s future.

“From our perspective, Mobile is winning, and Cable is losing,” commented Principal Analyst Joe Madden. “In the US market, the transition has already begun. T-Mobile offers unlimited Netflix over their network. AT&T is launching a direct-to-consumer streaming service for HBO and other Time Warner content. Cable companies are losing TV customers quickly, but will soon begin to lose internet customers as well; the market is being forced to adapt or fall apart.”

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According to Mobile Experts, the demand for mobile data will continue to soar. Consumer demand for ample, even tremendous, mobile data coverage is a problem that market players will be forced to solve, and do so quickly. In this Expert INSIGHT, Mobile Experts offers detailed explanations about what’s happening and what’s coming, but they do not stop there. The report unpacks extensive, objective advice for the next step serious market players should take in order to provide for consumer demand.

“If mobile data were only used for maps and short Facebook videos, then usage would likely level off at 10-15 GB per month, and the market would flatten out.  But people are watching videos that consume far greater amounts of data, and the ceiling on mobile data usage has now shot up to a new level,” commented Mobile Experts Principal Analyst Joe Madden.

Read More: Interview with Anil Kaul, CEO at Absolutdata

 

 

Pulpo Media Appoints Laura Willis to Vice President of Digital Sales

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Pulpo Media, an Entravision Communications Corporation (NYSE: EVC) company, today announced the appointment of Laura Willis to Vice President of Digital Sales, effective immediately. Reporting to Solange Curutchet, Ms. Willis will be responsible for managing national sales in the U.S. and will be based in New York.

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“Laura has extensive strategic advertising media experience in executive agency and sales roles. Her ability to attract clients and build relationships through her expertise in Hispanic marketing will prove invaluable to Pulpo Media. We are happy to have her re-join the Pulpo team and look forward to benefiting from her leadership,” said Solange Curutchet, Executive Vice President at Pulpo Media.

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Prior to her appointment, Ms. Willis was Director of Integrated Sales at Meredith/People en Español in New York. Before that, she was Senior Sales Director at Pulpo Media where she leveraged her agency experience to create and sell through customized integrated solutions across the Entravision platform.

“Pulpo is the premier Hispanic ad network that provides exceptional reach and market insights to advertisers.  I’m excited to rejoin the Pulpo family and drive awareness of its unique capabilities and platforms that effectively connect advertisers with consumers,” said Willis.

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ZypMedia Completes Series C Funding

Archer Venture Capital leads round of funding following ZypMedia’s 4-year 100% CAGR growth

ZypMedia, creator of the AI-powered, local-first programmatic advertising platform built specifically for media companies, announced today the successful completion of Series C funding totaling $5.6 million. The capital raise was led by Archer Venture Capital, and included existing investors U.S. Venture Partners (USVP) and Sinclair Broadcast Group (Sinclair).

Founded by former college roommates Aman Sareen and Ramandeep Ahuja, who serves as Chief Technology Officer, along with media executive Mark Goldman, ZypMedia is capitalizing on the $150 billion local advertising market being disrupted by a shift in viewership from traditional media to digital and over-the-top (OTT), which is expected to hit 182.6 million connected TV users in 2018. Proceeds from the raise will be used to develop and launch new enterprise products to the platform. The funds will also be used by ZypMedia to double the size of its staff in the U.S. and internationally over the next 12 months.

“We conceived and built ZypMedia to address a large and underserved segment of the advertising sector — local businesses. Utilizing the ZypMedia platform, media companies can offer local advertisers the same buying power as large national brands, enabling them to participate in the digital media and OTT revolution,” says Aman Sareen, Co-Founder and Chief Executive Officer of ZypMedia.

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ZypMedia went to market four years ago and quickly secured significant partnerships with Sinclair and other well-known media companies. The Company not only provides best-in-class local advertising technology, but also works with media companies to provide staff training, customer support and backend operations. This customer-centric approach allows its partners to quickly and profitably augment traditional advertising offerings with digital solutions that reach new audiences. ZypMedia has emerged as the clear leader in local digital and OTT advertising, sitting squarely at the cross section of technology and media.

“ZypMedia has enabled us to diversify our offerings for local advertisers,” says Sinclair Chief Revenue Officer Rob Weisbord. “The ability to offer our local advertisers cutting-edge products such as OTT is very powerful as it allows them to complement their linear television buys, leveling the playing field and putting them on par with national advertisers. Most importantly, ZypMedia helps us empower local advertisers to effectively engage with their audiences across all devices.”

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“Not only have Aman and Ramandeep created a superior tech stack for delivering local advertising, they’ve also developed a really smart and defensible business model, partnering with local media companies to act as their direct sales force,” says John Hadl, Managing Director of Archer Capital.

“We are looking for companies with unique technology in large, underserved markets,” says Greg Martin, Managing Director of Archer Capital, who will join the ZypMedia board. “ZypMedia is the only company offering a proprietary full-stack platform built specifically with local advertisers in mind, a massive untapped business opportunity in the U.S., and a game-changer in today’s ad tech ecosystem.”

Read More: Interview with Anil Kaul, CEO at Absolutdata

Adspace Continues Rapid Digital Innovation Including Programmatic With New Senior Vice President Hire

Former Ad Ops lead at Shazam, Pete Miles, joins Adspace as SVP, Ad Platform and Operations.  Prior to joining Adspace, Mr. Miles played a central role in Shazam’s successful transition to an ad-supported model. During this tenure, he was responsible for overseeing campaign management, revenue operations and ad technology, and was instrumental in the formation of the company’s programmatic ad sales business.  Mr. Miles is reuniting with Adspace GEO Greg Glenday after several successful years together at Shazam, culminating in its recent acquisition by Apple.

Mr. Miles also served as the AVP, Customer Success at AT&T AdWorks, helping to operationalize the original deterministic cross-screen audience network. He spent 10 years as the VP Ad Operations at Vibrant Media where he was an original member of the senior leadership team that grew the business from early-stage startup to global contextual ad network with revenue in excess of $100M.

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Mr. Miles will report to Adspace President, COO Peter Krieger.  He will oversee Ad Operations for the burgeoning programmatic business, with his appointment coming at a crucial time for in-demand Out of Home advertising and with advertisers looking for ways to buy inventory in real time.  Mr. Krieger adds, “As Adspace continues to engage with digital agencies and DSPs, it is even more important for us to transact in their currencies, and to execute programs that seamlessly meet expectations. Pete brings a level of experience and expertise that we will instantly and significantly benefit from.”

Mr. Glenday adds, “I am beyond excited to work with a world-class talent like Pete again.  He is one of the finest Ad Tech executives with whom I have had the pleasure of working.  He is joining Adspace at a time when Digital Out of Home is exploding, and his job won’t be to help us keep up with the market, but to make us an innovative leader in the space.”

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Rising Popularity of Mobile Point-of-Sale Devices Skyrockets in a Growing Billion Dollar Industry

According to U.S. based market research and business intelligence company, Crystal Market Research, the Mobile Point of Sale Market (mPOS) was worth USD $9.73 billion in 2014 and is expected to reach approximately USD $46.28 billionby 2023, while registering itself at a compound annual growth rate (CAGR) of 18.92% during the forecast period. mPOS devices are expected to drive an increased usage of payment cards in Global markets, such as ChinaIndia and so forth. The global POS terminals/systems market is highly fragmented across vertical markets while a POS terminal itself enhances the shopping experience for customers by minimizing the payment processing time and provides companies with information pertaining to the sales of their respective products. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Verifone Systems, Inc. (NYSE: PAY), PayPal Holdings, Inc. (NASDAQ: PYPL), Square (NYSE: SQ), NCR Corporation (NYSE: NCR),

Gopher Protocol Inc. (OTCQB:GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, is pleased to announce that its recent acquisitions, which now comprise its fintech division, led by ECS, have been fully integrated. ECS, since the beginning of 2018 (cumulative through last week) did 2,274,195 transactions from 21,729 terminals of which 1,399,975 were billable amounting to gross revenue of $24,863,692 (unaudited).

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Looking at the comparable 90 day period in 2017, ECS Prepaid had $7.5 million (unaudited) in revenue while processing 813,000 transactions over an average of 5,300 locations. ECS Prepaid’s revenue for the 90 days just prior to being acquired by Gopher was $8.5 million (unaudited) while processing 859,400 transactions. For the 90 day period post acquisition by Gopher, ECS Prepaid’s revenue was $13.3 million (unaudited) while processing over 1.1 million transactions, resulting in an increase in revenue of 77% over the comparable period in 2017. Gopher intends to continue this pattern with recent agreements for processing alignments, the addition of AT&T SIM Activation program, and increased product margins on existing core products.

“ECS Prepaid would be able to operate the ‘UGO doors’ with little impact to our current work flow with the addition of one new employee in the Springfield’s office for technical support” said Derron Winfrey, Gopher’s COO. “The UGO platform, which used third parties for processing transactions, will now use the ECS platform reducing ACH transaction costs from $0.14 to $0.02, which is expected to increase our profit margins” added Kevin Pickard, Gopher’s CFO.

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Other recent and current developments in the tech industry include:

Verifone Systems, Inc. (NYSE: PAY), a world leader in payment and commerce solutions, last month announced the expiration, as of 11:59 p.m., California Time, on May 24, 2018, of the “go shop” period provided in the previously announced Agreement and Plan of Merger, by and among Verifone, Vertex Holdco LLC and Vertex Merger Sub LLC, pursuant to which Verifone will be acquired by certain affiliates of an investor group led by Francisco Partners and including British Columbia Investment Management Corporation. Verifone and its representatives solicited acquisition proposals during the go-shop period and were in contact with approximately 42 potential purchasers. VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale (POS) worldwide. It offers countertop solutions that accept payment options, including contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN-based transactions; and multilane consumer facing commerce devices.

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PayPal Holdings, Inc. (NASDAQ: PYPL) announced recently that it has agreed to acquire Simility, a leading fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. The acquisition of Simility will enhance PayPal’s ability to deliver fraud prevention and risk management solutions to merchants globally. “Digital commerce has exploded, and fraudsters have taken note, adapting and developing new methods to carry out their crimes,” said Bill Ready, chief operating officer, PayPal. “PayPal has been at the forefront of developing innovative fraud prevention and risk management solutions for nearly 20 years, and now, merchants will be able to configure those solutions to manage the unique complexities of their businesses. Together with Simility, we will be able to put more control in the hands of our merchants to fight fraud while helping make commerce experiences faster and more secure.”

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According to an article published by the Motley Fool, Shares of Square (NYSE: SQ) jumped 3% to an all-time high on June 18 after New York State’s Department of Financial Services (NYDFS) granted the payments company a “BitLicense”, which will let New York residents buy and sell Bitcoin via its Cash App. The NYDFS, which previously granted Square a money-transmitter license, reviewed Square’s app and policies regarding money laundering, fraud, and cybersecurity before granting the license. The NYDFS has only granted the license to eight other companies in the past.

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, this week announced that Lubbock, Texas-based Texas Tech Federal Credit Union has overhauled its physical and digital customer experience using NCR’s portfolio of transformative banking solutions. Branch transformation requires a combination of hardware, software and services to achieve the right strategic mix of personnel-assisted and self-service channels to evolve the branch environment and deliver an exceptional customer experience. NCR has worked closely with Texas Tech FCU since 2016 to do exactly that, deploying NCR’s Digital Insight™ solutions, Interactive Teller (ITMs), and now Q-Flow, a multi-channel appointment booking service that provides bank branches with advanced customer reception, interaction management, appointment scheduling and staff planning tools.

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