Home Blog Page 788

Asana Appoints New Chief Revenue Officer, Ed McDonnell

Global leader with deep roots in enterprise software to oversee the company’s revenue organization

Asana, a leading enterprise work management platform, is pleased to announce the hiring of Ed McDonnell to its leadership team. As Chief Revenue Officer, McDonnell will be responsible for all facets of global revenue and field operations.

“We are thrilled to welcome Ed to our leadership team at Asana,” said Anne Raimondi, COO and Head of Business at Asana. “Ed has an incredible track record and reputation within the software industry. He has built and scaled high-caliber Enterprise businesses through his deep relationships with customers and commitment to talent development. I am excited to introduce Ed to our world-class customers and know he will be an excellent addition to our global mission, redefining work for organizations around the world.”

Read More: SalesTechStar Interview with Stuti Bhargava, Chief Customer Experience Officer at OneSpan

Mr. McDonnell brings deep Enterprise software expertise to Asana. He joins the company from Salesforce, where he was an early leader within Marketing Cloud and most recently held the role of Executive Vice President of Sales with responsibility for two of the fastest-growing Clouds, Marketing and Commerce, and two emerging industry verticals, Retail and Consumer Goods – empowering renowned brands with the full Customer 360 portfolio. McDonnell also previously served in senior leadership roles at Eloqua (acquired by Oracle), McGraw Financial, Pivot (acquired by CME Group), and Thomson Reuters.

“I am incredibly excited about Asana’s mission to empower the world’s teams to work together effortlessly,” said Ed McDonnell. “Work management is becoming a strategic component to the way organizations collaborate and operate. The revenue organization has a major role in serving Asana’s current and future buyers where they need us most, whether that is leveraging the emerging benefits of AI in our latest product updates or by sharing best practices with some of the largest enterprises in the world. Asana is at the forefront of this new era of work and I’m looking forward to helping the team move fast to deliver the very best experiences for our customers.

Read More: Phylum Launches Partner Program, Introduces Threat Feed Of Malicious Open-Source Packages

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

SalesTechStar Interview with Charlie Lawhorn, Chief Digital Advisor, World Wide Technology

Charlie Lawhorn, Chief Digital Advisor, World Wide Technology comments on the growth and increasing dependency on generative AI:

_________

Welcome to this SalesTechStar chat Charlie, tell us about yourself – how has your journey in the B2B tech market been? We’d love to hear about your role at World Wide Technology. 

In my role, I help our global clients refine their digital business strategies and work with them to translate those strategies into executable plans that drive positive business outcomes.

My team and I focus on business outcomes and results, then help apply the best processes and technology to drive business value.

I’ve spent most of my career shaping and managing the execution of complex transformation programs that help organizations understand the combination of process design and digital technologies to spur their relevance in an increasingly data-driven digital marketplace. I’ve led global strategy, sales, marketing, communications, customer success, analyst relations, advisory boards, alliances, delivery and strategic account organizations throughout my digital and technology focused career.

Read More: SalesTechStar Interview: Featuring Gong’s Latest Product – Engage: with Eilon Reshef, Co-Founder and CPO

What are your thoughts about the emerging use of generative AI and how you’ve been seeing brands use it to drive brand engagements?

Generative AI is a great opportunity for brands to enhance productivity and create operational efficiencies that impact the way consumers engage with the brand. Right now, customer service tools are one example of an area where AI has a strong use case for disruption. Harnessing the power of conversational AI helps enable brands to deliver quick and accurate responses to queries, which ultimately has a positive impact on how consumers engage with or perceive the brand.

However, amplifying the customer experience holistically with consumer-facing generative AI solutions is not within reach for many brands today. Generative AI holds the potential to enhance the customer experience in search tools, personalized offers, ad campaigns, and more – but for small and mid-sized brands, ensuring the IT infrastructure in place can support this type of deployment is a critical first step. Many brands are grappling with segmented data across marketing, finance, supply chain, and merchandising. Within that construct, it is extremely challenging to tap the full power of generative AI without effective unification of data and systems.

In what ways can B2B sales and marketing teams use generative AI to further their personalization efforts?

Beyond automation in customer service, there is a significant opportunity to leverage generative AI to enhance product descriptions and customize language to ensure products are searchable and presented in a personalized way. A product description written by the manufacturer for one retailer might not be appropriate for another, and generative AI provides teams with an efficient way to tailor language and ensure the message resonates with the intended audience. Increasingly, brands are juggling more unstructured data, and it creates challenges in how they build the search capabilities on their commerce sites. Generative AI can enable brands to not only build individual spec descriptions for product, but it can also help the merchant use the natural language of the audience to optimize search results and put the right products in front of the customer.

Can you discuss some of the prominent ways in which retail today is using generative AI to drive experiences?

Across every retail segment, generative AI is poised to disrupt digital commerce. Brands are now under pressure from customers to deliver personalized and compelling online experiences, and some retailers are exploring ways to enhance operations to meet that demand. So far, we are seeing retailers create efficiencies in processes that drive experiences but occur behind the curtain.

However, within the grocery segment, some data-first brands stand out as early movers in creating experiences that integrate generative AI. For example, tools with predictive capabilities are making an impact on the digital experience. E-commerce is growing in grocery and to create a personalized shopping experience, grocers can capitalize on the opportunity to use generative AI to predict what shoppers will put in their carts based on previous behavior. For instance, the platform might understand that one shopper has a family with certain dietary restrictions. From there, the platform may deliver an ad or suggest a quick-add item that makes it faster for the customer to get everything they need – providing convenience for the shopper, and profits for the retailer.

If there are five things that retailers and end users should keep in mind when integrating AI to enhance the overall CX, what should they be?

The unification of data and systems should be a top priority for retailers exploring the integration of generative AI. During the pandemic, retailers were forced to go digital, but many did not have the infrastructure in place to do so. Often, the result of this was to deploy multiple solutions to band-aid points of friction and stand up an e-commerce ecosystem quickly. Now, to properly train and maintain generative AI-powered technology, brands must have their data house in order.

There are several other considerations that brands should keep top of mind if they are pursuing generative AI:

  • Large-scale data storage: generative AI requires massive datasets for training capabilities, and as the tools learn, they may require even larger sets of data. Retailers need to be mindful of this as they look to scale AI-powered tools.
  • Scalability: rapid scaling to accommodate the resource demands of generative AI applications puts strain on infrastructure and can increase the points of friction in the customer experience. Ultimately, if not managed properly, it can lead to cost inefficiencies and a poor customer experience.
  • Talent: training large-language models to power generative AI demands a team of highly skilled specialists, including infrastructure engineers, data engineers, solution architects and data scientists. This is important for retailers to consider as they may need to invest in talent before deploying more tools.
  • Expanding demand: the more retailers integrate generative AI into their customer experience, the higher customer demand will rise. Retailers must be cautious as they deploy generative AI-powered tools as attaching them to the experience without considering the IT implications will likely lead to challenges down the road. Both business and IT teams need close alignment so that expectations of the experiences to be delivered are in line with the technology and skills capabilities of the organization.

Read More: Why Merchants Should Embrace Omnichannel Payments Now

World Wide Technology Bridges Gap Between Video Organizations, Litany of Broadcast ApplicationsWorld Wide Technology takes complex technology solutions and makes them practical and actionable.

Charlie Lawhorn is Chief Digital Advisor, World Wide Technology

Missed The Latest Episode of The SalesStar Podcast? Have a quick listen here!

Episode 177: Marketing Automation and Marketing Ops Tips with Raja Walia Founder and CEO of GNW Consulting

Episode 176: B2B Marketing Tips with Inbar Yagur, Director of Content and Product Marketing at Lusha

Episode 175: Go-to Market and Marketing Best Practices with Bryan Law, CMO at Zoominfo

 

 

BONUS READ: 

GTM Fundamentals for 2023 with MarTechSeries and Demandbase; Chris Moody, Head of GTM Strategy and Thought Leadership at Demandbase shares proven tips and best practices. Download now!

 

The Use of AI in Call Centers

For many, AI has recently become an essential component of customer service. With the development of artificial intelligence, call center software has advanced to include cutting-edge capabilities that let companies deliver excellent customer service while boosting agent productivity and operational effectiveness.

The top AI call center software provides a variety of features, including real-time transcription, sentiment analysis, call routing, and natural language processing.

In order to help you make an informed choice for your company, this article will examine some of the best AI call center software solutions that are currently on the market, highlighting their distinctive features and advantages.

Evolution of AI in Call centers:

The development of AI in call centers has led to numerous improvements and adjustments. Operations have been streamlined, and customer service has increased. Let’s review:

From manual to automated calling:

In the past, call center agents manually answered customers’ incoming calls. If the call needed to be transferred, the agent would connect the customer with the right department so that their concern could be resolved. The automated process of call routing has occurred because of AI-powered technologies.

In order to choose the appropriate agent to take the call, AI algorithms assess incoming calls while taking into account several parameters including inquiry type, client history, workload distribution, etc. With less time wasted and a guarantee that consumers may speak with the appropriate agent straight away, efficiency and customer satisfaction are further enhanced by this automation.

From human intervention to virtual chatbots:

In the past, call center representatives had to handle every human inquiry, resulting in lengthy waits in the customer service department. Customers had to wait for a long time on the call, but when virtual chatbots, also known as conversational AI, were introduced, they used machine learning and natural language processing algorithms to respond to client concerns instantly.

The chatbots could answer questions immediately and deal with multiple issues at once. As a result, human agents could focus on handling clients’ with more complicated enquiries where their knowledge is needed. This resulted in increased production and superior service. Quick assistance satisfied costumes as well.

From manual QA to AI assisted reviews and speech analytics:

Previously, to evaluate agent performance and carry out Quality Assurance (QA) scoring, call center managers had to personally listen to call recordings from start to finish. It took a lot of time, frequently resulted in random sampling, and could have missed important information. Call transcripts and recordings are automatically examined by speech analytics technologies powered by AI.

On the basis of predetermined QA scorecard criteria, the AI system can recognize and flag specific aspects that need attention. By automating the review process, supervisors may concentrate on the areas that require improvement while also receiving actionable feedback. Additionally, AI can promptly handle every call an agent makes, minimizing the possibility of biased or unfair QA reviews that could come from random sampling.

The stages of AI growth in call centers have produced a number of advantages, such as increased productivity, shorter wait times, better customer experiences, and more effective agent performance evaluations. We might certainly expect even more inventive advancements in call center operations as technology develops in unexpected ways.

Top Features

There are a number of leading call center AI solutions that are becoming more well-known and respected in the market. It’s crucial to remember that the AI landscape is always changing, and brand-new solutions could appear in the near future. The following are some of the best call center AI solutions in demand:

1. Virtual Agents (Chatbots):

Conversational interfaces driven by AI that can communicate with clients in real-time are known as virtual agents or chatbots. These bots free up human agents to concentrate on more complicated problems by handling common inquiries, giving prompt responses, and guiding clients through straightforward processes.

2. Speech Analytics:

Call recordings can be examined by AI-driven speech analytics technologies to glean insightful information. They can assess agent performance, recognize particular words or phrases, and determine client emotion, all of which help call centers get better. It also helps to improve customer experiences and agent training.

3. Natural Language Processing (NLP):

NLP technology enables AI systems to comprehend and interpret spoken language, facilitating natural and meaningful interactions between virtual agents and clients.

4. Predictive analytics:

Call center AI can make predictions about customer behavior, needs, and preferences based on past data. As a result, call centers are better able to anticipate client issues and provide tailored answers.

5. Sentiment Analysis:

AI-powered sentiment analysis systems are able to ascertain the psychological basis of client interactions. This aids call centers in identifying disgruntled clients so that problems can be fixed and satisfaction can be increased.

6. Emotion identification:

Call centers can customize their responses and activities by using AI-powered emotion identification technology to identify customer feelings during interactions.

7. Automated call summarization:

It allows managers and supervisors to more effectively assess agent performance by highlighting key points and relevant information from call recordings.

It’s important to bear in mind that each call center has different needs and requirements, which means only effective AI solutions need to be chosen as per the business. Issues like integration capabilities, scalability, and compliance with industry norms should all be considered into account when evaluating the solutions that are available to organizations. Additionally, keeping up with the most recent advancements in AI technology will guarantee that call centers may employ the most practical and cutting-edge solutions for their operations.

How are AI technologies impacting call centers?

To ensure that everyone may find a tool that meets their needs, consider these five criteria listed below to rate the tools:

  1. Reviews: On specialised user review websites like G2 and Capterra, dozens of reviews are read. The most frequent advantages and disadvantages for users listed for each contact center AI tool were determined and verified that they were true.
  2. Pricing: An effort to include tools for various price ranges so that everyone may find the ideal match. Depending on the functionality you require and the size of your contact center, many solutions provide many packages.
  3. User experience (UX): A contact center AI platform should be simple to use and straightforward because your employees will use it frequently. All teams, including those in your contact centers’ marketing and sales departments, can use the technologies selected.
  4. User interface (UI): Tools with clean, contemporary dashboards were concentrated on. Products that offer your employees delight have been chosen and have straightforward desktop and mobile user interfaces.
  5. More sophisticated features: Almost every AI platform for contact centers can track, record, and transcript your calls. Sophisticated features that are exclusive to each tool on the list as a result were outlined, so you can choose something that meets your demands.

Read More: SalesTechStar Interview: Featuring Gong’s Latest Product – Engage: with Eilon Reshef, Co-Founder and CPO

Top Tools – AI for Call Centers

You are aware of the importance of customer relationship management and are specifically seeking contact center AI products that have won the approval of both customers and contact center personnel. It’s important to remember the importance of contact center employees, though. They are in charge of providing outstanding customer experiences. They help in getting business  by retaining the customers with their impeccable customer service skills.

Attrition rates in contact centers are currently at unheard-of highs, reaching 40% annually, and they are still rising. If you want to decrease friction and save money on hiring and training new employees, keeping contact center agents on staff should be your top goal. The purpose of contact center AI products is to empower your agents, improving their productivity and general sense of fulfillment at work. So, here are some options for you to consider.

  •  Ender Turing

Through improving contact center agent performance, the Ender Turing solution was created to reinvent your customer care strategy.

Ender Turing analyzes 100% of customer and agent conversations automatically in order to identify the behavior patterns of top performers and to automatically coach every agent using real-world case studies of high performers.

You can use gong data to make predictions and avoid obstacles. Help sales and marketing teams develop a practical long-term strategy.

The transcription process is the only thing that could be improved. Although technology is improving, human inspections are still necessary and time consuming. especially when potential customers in your industry speak everyday language.

  • CallRail

CallRail was designed primarily for sales and marketing groups. Learning which marketing strategies execute better than others is one of the biggest benefits.

uses artificial intelligence to accurately attribute each call and chat to the marketing campaign that triggered it. View which ad triggered the call and what key phrase was required to convert. Keywords can then be used to improve conversion rates.

For businesses using a variety of digital media, CallRail is an excellent choice. All calls, messages, web forms and chat help end up in one inbox. This will give you understanding and visibility. It is also suitable for small businesses where maybe one man does everything.

When it comes to integrations with other products, CallRail is at the forefront of AI contact center systems. It is compatible with over 700 marketing tools including HubSpot and Google Analytics.

However, live chat monitoring is a key missing feature. So if live chat support is one of your most important contact center channels, consider using the other solutions on our list.

  • Invoca

Invoca uses artificial intelligence to identify issues and maintain quality and compliance. All of your conversations are automatically graded, so you can focus on improving rather than isolating problems.

Depending on your goals, you can set your own rating standards and enable automatic call rating. In addition, quick access to data makes it easier for you to evaluate each agent’s performance against your KPIs.

Lost Sales Recovery is a new advanced feature introduced by the company. The program allows you to access missed calls and recover missed opportunities.

You can forecast using data with Gong and steer clear of any snags. For your sales and marketing teams, it aids in the development of a practical long-term strategy.

The transcription procedure is the only thing that could be enhanced. Even if the technology is improving, human inspection is still necessary and time-consuming. especially if potential customers in your sector utilize colloquial language.

  • Medallia

Medallia tracks real-time interactions while other contact center AI systems offer detailed analysis after the conversation. Software monitors minute client cues that human representatives might not always be able to pick up on.

With the help of Medallia, your agents can take immediate action, correct errors, and improve their chances of closing the business. Your agents receive alerts that highlight chances to enhance the client experience because the dashboard is constantly changing.

The app has sophisticated machine learning capabilities that can identify patterns in communication and the sales pipeline. You can spot the ideal times to upsell or cross-sell using these trends. All of this results in better customer service and an increase in conversion rate.

Now, from where does Medallia obtain its signals? This utility seeks to simultaneously handle several channels. It records signals from every client touchpoint, including video calls, which include both direct and indirect consumer feedback, Interactions on social media; emails; transcripts; and tone of voice, customer evaluations, in-app interactions, and website contact forms

By quickly responding to client concerns, Medallia can help you boost customer satisfaction. Agents working in call centres can select from a variety of prewritten, customizable responses.

Customization is one area where Medalia falls short. Making modifications to the structure and data fragmentation is difficult, sometimes even impossible. Instead, you must get in touch with the Medallia support teams, which can take time.

Market Growth

Recent years have seen a tremendous increase in the use of AI in call center applications, and the industry is anticipated to expand significantly between 2023 and 2028. A Compound Annual Growth Rate (CAGR) of 25.8% is predicted for the call center AI industry throughout the forecast period (2023 to 2028).

The following are some major factors influencing the development of AI in call centers:

  • Technological Developments: New call center applications are now possible thanks to recent advances in AI technology. Call centers now have better automation, predictive ability, and efficiency thanks to the development of increasingly advanced AI systems.
  • Customer Preferences Are Changing: With the rise of messaging platforms and apps, customers—especially tech-savvy millennials—prefer texting and chatbots to traditional phone calls for interactions with businesses. Call centers are already using virtual agents powered by AI to more efficiently address customer needs as a result of this shift in consumer expectations.
  • Improved Customer assistance: Call centers may now offer 24/7 customer help, prompt responses to inquiries, and rapid access to solutions for straightforward concerns thanks to AI-powered chatbots and virtual agents. The overall client experience is improved by this level of attentiveness.
  • Engagement in social media: Customers are increasingly using social media as a channel for communication. Customer service and reputation management can be enhanced by using AI tools to evaluate and respond to customer interactions on social media.
  • Internet of Things (IoT) and Data rise: IoT and social media’s exponential rise in data offers call centers useful customer insights. This enormous volume of data can be analyzed by AI to provide customers with customized and relevant interactions.

There are a few obstacles, however, that could prevent market expansion. For example, competent staff members who can manage, optimize, and maintain AI systems are needed for the successful use of AI in call centers. For some businesses, the lack of such specialized employees may be a challenge.

Second, the development of unsupervised learning, a type of AI in which the system discovers patterns from unlabeled data, continues to be difficult. The continued adoption of AI in call centers depends on overcoming this barrier.

There is a high degree of acceptance in the market, according to the “Mordor Intelligence” survey, as more than 80% of firms either already utilize chatbots for their customer experience or plan to do so.

The deployment (cloud versus on-premises), end-user industry (BFSI, retail & ecommerce, telecom, travel & hospitality), and location (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) are all included in the market segmentation of AI in call center applications.

So, overall, the future of artificial intelligence in call center applications looks bright, with the possibility for more growth spurred by advancing technology, shifting consumer preferences, and rising demand for better customer support services. To sustain the market’s growth, it will be essential to address issues including the scarcity of skilled workers and improve unsupervised learning capabilities.

Can AI replace Call Center Agents?

Although AI has significantly improved call center operations and customer service, it still has limitations and cannot fully replace call center agents.

According to the information provided, AI can manage specific areas of customer service conversations using features including sentiment analysis, call transcription, and interactive voice response (IVR). powered by artificial intelligence IVR systems enable clients to acquire information or interact with specific divisions based on their needs by navigating via automated voice menus.

This automation is especially helpful for resolving simple, recurring requests like supplying rudimentary details like opening hours or eligibility requirements. There are restrictions on what AI can accomplish, though. While it excels at handling predictable and typical consumer requests, it struggles with more intricate and nuanced interactions.

Customers frequently need the individualized attention, empathy, and problem-solving abilities that human agents can only provide. AI could not have the flexibility and inventiveness needed to deal with situations that are out of the ordinary or extraordinary in a way that is productive.

Because it entails comprehending emotions, establishing a connection, and demonstrating empathy under trying circumstances, the human touch is essential in providing excellent customer service. Humans are capable of resolving complicated problems, displaying emotional intelligence, and practicing active listening, all of which AI has yet to successfully imitate.

Additionally, AI should be viewed as a tool to help and enhance call center operators rather than completely replacing them. AI can assist in freeing up the time of human agents by addressing simple enquiries and automating repetitive operations, allowing them to concentrate on more important and value-added duties. Better client experiences and increased agent performance are the results of this.

Although AI can greatly increase call center productivity and customer satisfaction, it cannot completely replace human call center operators. To provide the finest customer service experience possible, the optimum strategy is to create a balance between AI-powered automation and the human touch.

Read More: Why Merchants Should Embrace Omnichannel Payments Now

Final Thoughts 

Choosing the best AI call center software can therefore significantly improve your company’s operations and customer experience. These software programmes can boost agent productivity, streamline call center operations, and provide individualized and effective customer support by utilizing AI.

The best AI call center software currently on the market has been developed after conducting a thorough study and research. To meet the various demands and requirements of various businesses, each software solution provides special features and capabilities.

Your specific goals, available budget, and customer service strategy will ultimately determine the best AI call center software for your company. However, it is recommended carefully analyzing each possibility and choosing the software that best fits your business’ objectives and target market. Using the right AI call center software could help your company grow and provide better customer service.

***The primary author of this article is Sakshi John

Zomentum and Atera Integration is Now Available for Partners

Zomentum's Competitors, Revenue, Number of Employees, Funding, Acquisitions  & News - Owler Company Profile

Are you an Atera user? You now can make more money AND increase your margin!

Zomentum, full-stack revenue platform for IT professionals, now integrates with Atera, a leading provider of remote monitoring and management (RMM) software. With the integration, partners can benefit from Zomentum’s lead management, proposal creation, and e-signature features. As a launch offer, Zomentum is giving a 30-day free trial for all Atera partners.

By integrating Atera with Zomentum, partners can streamline their sales and quoting processes, allowing them to win more, save time and increase margins all at the same time. The comprehensive approach helps partners visualize the lead flow and convert opportunities efficiently. Zomentum’s highly customizable document module enables partners to create quotes, send proposals, and e-sign documents all from one place, making the sales process seamless.

Read More: Vidyard Launches AI-Powered Video Messaging To Transform Sales Engagement

“We were built ground up for IT professionals. The fact that the Atera team came forward to open this integration and make it seamless for their partners is just a validation of our commitment to the IT channel. we cannot be more excited for them to experience what we have to offer”

“As we set out to build integrations with products that would help partners, Zomentum popped up as the obvious choice to pick first and prioritize because it made most sense for a partner business. A lot of our partners had also been asking us for integration with a sales tool that offers quoting and Zomentum is the best in the category – so made it a win-win” said Hila Naor, VP Product, Atera

“We were built ground up for IT professionals. The fact that the Atera team came forward to open this integration and make it seamless for their partners is just a validation of our commitment to the IT channel. we cannot be more excited for them to experience what we have to offer” said Shruti Ghatge, CEO of Zomentum.

Read More: SalesTechStar Interview with Antanas Bakšys, Head of Search at Nosto

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

ConnexPay Names Former PayPal Executive George Hansen as Chief Revenue Officer

ConnexPay Celebrates 5 Years in Business with Over 100% Compound Annual  Growth Rate | The Payments Association

New CRO Appointment to Strengthen ConnexPay’s Revenue Growth

ConnexPay, the first and only payments technology company that integrates payments acceptance and issuance inside a single platform, announced the appointment of George Hansen as its Chief Revenue Officer (CRO).

Hansen brings over 20 years of strategic expertise in the payments industry to ConnexPay, having previously served as Head of Global Sales and Account Management at PayPal. During his most recent tenure at PayPal, Hansen focused on various aspects of the FinTech ecosystem, including payments, cards, mobile wallets, payouts, FX/cross-border, risk, lending, and data services, driving revenue for the company through premier client partnerships across the business life cycle.

As CRO at ConnexPay, Hansen will lead the company’s next phase of growth, working closely with the existing revenue teams to support the firm’s revenue goals. ConnexPay experienced remarkable expansion since securing a $110 million growth equity investment led by FTV Capital in October 2022.

Read More: Accenture Expands Technology Strategy Capabilities With Acquisition Of Strongbow Consulting

“Through their proprietary end-to-end payments platform, ConnexPay is uniquely positioned to eliminate the burden of legacy technology and enable businesses to accept and make payments at scale, globally.”

Currently processing billions in volume, the company recently extended its global footprint by introducing enhanced capabilities to better serve the UK and EU markets, further supporting the company’s international growth. ConnexPay anticipates doubling revenue this year, following 500% net revenue growth in 2022.

Commenting on his appointment, George Hansen, Chief Revenue Officer at ConnexPay, said: “As the world economy shifts online, digital innovation is key to acquiring and retaining customers, and businesses of all sizes are demanding modernized payments to address their needs in the market. Through their proprietary end-to-end payments platform, ConnexPay is uniquely positioned to eliminate the burden of legacy technology and enable businesses to accept and make payments at scale, globally.”

Read More: SalesTechStar Interview with Shaun Shirazian, Chief Product Officer at Pipedrive

He added: “Technology has not only created a paradigm shift in payments, but also in visibility and control. Firms are looking at payments holistically, with pay-ins and pay-outs more closely linked now than ever before. The impact of technology and data on payments has reached a tipping point, and I am thrilled to be coming on board with ConnexPay at this important time.”

Bob Kaufman, Founder and CEO at ConnexPay, said: “Throughout his career, George has demonstrated an unwavering focus on what is at the core of revenue growth: the customer. This customer-centric approach and his extensive industry experience make him a great fit for our organization, and we’re pleased to welcome him on our journey to transform business by simply connecting payments.”

He added: “George’s appointment comes during an exciting time of international expansion for ConnexPay. We’ve worked closely with our key partners to ensure that we are delivering exactly what the market needs, and George’s global perspective will prove invaluable as we continue to grow our reputation as the go-to payments partner of choice.”

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Frost & Sullivan Recognizes Puzzel as the 2023 Company of the Year for Innovative CCaaS Solutions & Advanced AI Capabilities

Puzzel delivers the latest customer experience tools and groundbreaking technologies to address the ever-evolving market demands across 40 countries.

Frost & Sullivan recently researched the cloud contact center industry and, based on its findings, recognizes Puzzel with the 2023 European Company of the Year Award. Puzzel is a market-leading European contact center-as-a-service (CCaaS) software provider with over 20 years of industry-proven experience, delivering a superior customer experience (CX) by combining an empathetic human touch with disruptive technologies.

The company’s suite features a comprehensive set of productivity and planning tools to boost performance and build an enhanced CX. This approach enables organizations to automate tasks, deliver a personalized service, and provide timely insights, with a seamless combination of live and self-service interactions, helping them meet the unique challenges of the digital age.

The company’s state-of-the-art solutions streamline workflows for agents and boost performance to drive business growth. For instance, customers leveraging Puzzel’s Digital Engagement solution report an average cost reduction of 50% per service request, resolving 90% of cases on the first contact. Additionally, customers consistently receive 60% fewer inbound calls, resulting in a 35% better conversion rate, contributing to sustainable business success.

“Puzzel’s impressive achievements are a direct result of its client-centric approach. The company grasps the industry’s ever-evolving needs and strives to create tailored solutions that meet those demands. By working closely with its customer board, Puzzel gains invaluable insights and feedback. It feeds this information into its product development process and provides personalized guidance to clients, delivering optimal results,” said Riana Barnard, Best Practices Research Analyst at Frost & Sullivan.

Read More: Generative AI: Revolutionizing Marketing and Sales

The company’s highly versatile suite integrates with most third-party applications, from customer relationship management (CRM) to secure payment systems. Moreover, Puzzel’s customer service platform blends omnichannel technology and artificial intelligence (AI) functionalities to deliver meaningful data and provide timely support. To attain these outstanding achievements, Puzzel employs its sophisticated AI-based capabilities that include advanced technologies, such as voice bots, intelligent virtual assistants, natural language processing, chatbots, behavioral analytics, and speech recognition, among other cutting-edge features.

Today, Puzzel is constantly innovating and staying abreast of technology. As a result, the company is well positioned to capitalize on potential future growth opportunities, strengthening its strong leadership and effective strategies in the European CCaaS market.

“Deep local knowledge of core markets underpins its client-centric focus. Frost & Sullivan specifically commends Puzzel for leveraging AI, machine learning, and automation to make interactions even more personalized and efficient by bringing customer intent and context sharper into focus,” noted Bernardin Arnason, Industry Principal ICT at Frost & Sullivan.

Puzzel’s success in being named 2023 Company of the Year by Frost & Sullivan is a testament to the unwavering dedication and innovative spirit of our incredible team, as well as our close collaboration with our customers. We take great pride in delivering exceptional experiences through our customer engagement solutions and leveraging advanced AI technologies to revolutionise the contact centre industry. As we move forward, we will continue to push the boundaries of AI ensuring our customers stay at the cutting edge of CX, while also ensuring operational efficiency,” comments Frederic Laziou, CEO of Puzzel.

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence, in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership, in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

Read More: SalesTechStar Interview with Gloria Kee, VP of Product Management at Model N

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Hewlett Packard Enterprise announces CFO transition plan

File:Hewlett Packard Enterprise logo.svg - Wikimedia Commons

CFO Tarek Robbiati to step down later this month to assume external CEO role

Hewlett Packard Enterprise announced that it has accepted the resignation of Tarek Robbiati, executive vice president and CFO, effective August 25, 2023. Robbiati is departing the company to accept the chief executive officer role at RingCentral, Inc. HPE has named Jeremy Cox, senior vice president, corporate controller and chief tax officer, as interim chief financial officer while the company and its Board of Directors conduct a search for a new CFO.

“Tarek joined HPE as CFO shortly after I became CEO, and he has been an incredible strategic partner as we have transformed HPE to be the edge-to-cloud company,” said Antonio Neri, president and CEO of Hewlett Packard Enterprise. “Together, we have shifted our portfolio toward higher-growth, higher-margin segments, and we are in a strong position to capitalize on significant market opportunities at the edge, in hybrid cloud and with A.I. We wish Tarek all the best as he takes the next step in his career as a CEO.”

Read More: SalesTechStar Interview with Boris Chaplin, Director of Innovation, ML & AI, Calabrio

“I reflect on my almost five-year tenure at HPE with great pride,” said Robbiati. “I had the opportunity to work with a talented team as we transformed an iconic company to a platform-based model, fueled by a software- and services-rich portfolio. We have strengthened our financial profile that has enabled HPE’s continued success in the market. And, I know the company is well positioned for future success.”

Read More: AI Won’t Take Your Sales and Marketing Jobs: It’ll Enhance Them

Robbiati joined HPE as CFO in September 2018. During his tenure, HPE has, among other things, increased its gross margins, operating profit margin, and free cash flow, and completed several strategic acquisitions. Prior to joining HPE, he was CFO at Sprint Corp.

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

UiPath Named a Leader in the 2023 Gartner Magic Quadrant for Robotic Process Automation

UiPath Positioned Highest for Ability to Execute

UiPath, a leading enterprise automation software company, today announced it has been positioned by Gartner, Inc. as a Leader in the 2023 Gartner Magic Quadrant™ for Robotic Process Automation1 research report. UiPath was named a Leader for the fifth year in a row, and in this report UiPath was positioned highest for Ability to Execute.

“We feel this recognition is a testament to our leadership in delivering a best-in-class AI-powered platform that helps customers exceed critical business objectives with automation,” said UiPath Co-CEO Robert Enslin. “We see massive potential for AI to enable more advanced automations capable of handling even the most complex processes. We continue to invest to combine the power of AI with the operational prowess of automation to build the best platform for professionals to advance their skills and help them do their most important work. UiPath is dedicated to empowering our more than 10,000 global customers to increase productivity, drive exceptional outcomes, and enhance customer experiences.”

The Magic Quadrant evaluated 16 enterprise RPA vendors to help enterprises make the best choice for their organization’s automation needs. A complimentary copy of the 2023 Gartner® Magic Quadrant for Robotic Process Automation research report is available here.

Read More: Varstreet Rolls Out Significant Updates To Its Var Business Management Software

The report states, “By 2025, 90% of RPA vendors will offer generative-AI-assisted automation.”

UiPath is pioneering innovation in AI-powered automation. The UiPath Business Automation Platform is adding more AI offerings with Generative AI, including the general availability of OpenAI and Azure OpenAI connectors with support for GPT-4. UiPath customers are already using the OpenAI connector to extend automation deeper into business operations and turn data into actionable insights. In addition, UiPath has announced support for the Falcon Large Language Model (LLM) via its Amazon SageMaker connector, and the preview of the Google Vertex connector with support for PaLM 2.

The company’s Specialized AI solutions include over 70 models that enable customers to understand screens, mine tasks, process documents, and utilize unique and proprietary data sets within enterprise workflows.

Enslin said, “We believe AI-powered automation will support all knowledge work and accelerate human achievement. To make Generative AI work for businesses everywhere, we are taking an approach that addresses challenges and unlocks opportunities. The UiPath platform deploys Specialized AI and automation to serve as Generative AI’s powerful allies. Crucially for enterprise use, we can train Specialized AI securely with proprietary data and optimize models for a business’ specific needs, resulting in more accurate, efficient, and cost-effective solutions. We take an open and flexible approach so customers can create the most strategic mix of AI and automation solutions, leveraging the strengths of each technology and mitigating their respective challenges.”

According to the report, “Gartner defines robotic process automation (RPA) as the software to automate tasks within business and IT processes via software scripts that emulate human interaction with the application user interface. RPA enables a manual task to be recorded or programmed into a software script, which users can develop by programming, or by using the RPA platform’s low-code and no-code graphical user interfaces. This script can then be deployed and executed into different runtimes. The runtime executable of the deployed script is referred to as a bot, or robot. RPA is used across numerous business functions for tactical task automation. Business and IT users can leverage RPA to:

  • Move data in or out of application systems without human interaction (unattended automation). Scripts are designed to replicate the actions of a person interacting with those systems or documents, which usually do not have available APIs. The goal is to automate and complete a task successfully without human intervention. Typically, unattended automation is triggered by a system and bots executed on a server.
  • Automate tasks with a human in the loop (attended automation). RPA can extract information from systems and related documents, shaping it and preparing it for consumption by a human at the point of need. Typically, attended automation is triggered by a human and bots executed on a local device.”

According to Gartner, “Leaders have an insightful understanding of the RPA market, a reliable track record, the power to influence the market’s direction, and an ability to attract and retain customers. In the RPA market, Leaders demonstrate understanding of enterprise customers’ needs and of opportunities to expand functionality and add new products and services to their core RPA offerings. Simply put, a Leader must have a market-leading vision and the ability to deliver on that vision.

A Leader may not always be the best choice for every customer. A focused, smaller vendor can sometimes provide superior support and commitment. Other vendors may provide a specialized capability that is essential for some organizations, such as enhanced security or specific features or functions (required, for example, by call centers and individual desktop use cases). A vendor that focuses on RPA for a specific vertical market or a limited geographic area may not be a Leader in the overall market, but it may be a competitive option within its chosen market or area.”

Read More: Shining a light on the invisible cost of manual labor in RevOps

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.

RingCentral Announces RingSense for Phone and Enhances RingSense for Sales

Brings the power of conversation intelligence to its flagship RingCentral MVP product

RingCentral, Inc., a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the company is expanding its artificial intelligence (AI) platform, RingSense™, across its portfolio. Leveraging generative AI, RingSense for Phone enables organizations to turn their voice conversation data into powerful insights that can enhance productivity and improve business outcomes.

“We are at a major inflection point where AI will permeate all aspects of business communications to make interactions smarter and drive unprecedented levels of productivity,” said Vlad Shmunis, Founder, Chairman, and CEO of RingCentral. “RingSense for Phone has been developed to allow our customers to gain valuable insights from their conversations on our industry-leading cloud communications platform.”

“We are at a major inflection point where AI will permeate all aspects of business communications to make interactions smarter and drive unprecedented levels of productivity”

Read More: SalesTechStar Interview: Featuring Gong’s Latest Product – Engage: with Eilon Reshef, Co-Founder and CPO

Key features of RingSense for Phone include:

  • Live Transcriptions and Closed Captions: Real-time, AI-generated transcripts and captions of calls that enable participants to better engage in conversation by freeing them from having to take notes. Transcripts can also be used post-call for follow-up documentation and analysis.
  • Call Summaries and Insights: AI-generated summaries, call highlights, and keyword detection with each recorded call for a quick digest of important moments in a conversation. This is an efficient way for all participants and reviewers to have a recap of what was said and capture action items. It can also support knowledge retrieval and compliance for regulated industries.
  • Conversation Sentiment Analysis: Detects tone and energy of conversations to help users identify opportunities and potential issues, allowing them to be proactively addressed. For example, pinpoints specific inflection points such as questions, clarifications, and feedback.

“It’s impressive how quickly RingCentral has embraced new capabilities in AI. RingSense has blossomed from a specialized use case just a few months ago to a broad, suite-wide set of capabilities,” said Dave Michels, Principal Analyst and Founder of TalkingPointz. “RingSense brings powerful conversational AI tools to individuals, like a private coach that offers valuable insights for more effective interactions.”

RingSense for Phone is available in beta today and will be generally available later this year.

RingSense for Phone follows the introduction of RingSense for Sales in March 2023. RingSense for Sales empowers sales teams with revenue intelligence by unlocking conversations from customer interactions across calls, emails, and video meetings – deeply integrated with their CRM. RingCentral has been innovating at a fast pace and has added the following enhancements to RingSense for Sales:

  • 10 new integrations with third party applications including: Salesforce, Hubspot, Microsoft Dynamics, Zoho, Gmail, Outreach, Connect & Sell, Outlook Calendar, and Outlook Email. Enables users to attach their conversation data to CRMs and email.
  • Deal scoring enables sales managers to track pipeline health, including aggregate and individual deal level.
  • AI coaching helps sales agents improve interactions based on AI-analyzed conversational metrics, such as energy, tone, interruptions, and more. It also gives managers full visibility of their team members’ performance.

According to Chad Mobley, Sales Manager at Total Security Solutions: “When I opened RingSense, I started my coaching process by filtering calls based on the lower scores first. RingSense is a valuable tool for sales managers like me to point us to where we need to focus our time, which reps or deals need my help and coaching more than others, and who is doing well so we can replicate their strategies. This is key to skill-building in my team, which in the end drives revenue. My initial impressions have been super positive, and I am eager to explore the software’s potential even further.”

Read More: Sherpa, The Global Channel And Partnerships Agency, Launches A New Platform, EdisonAI

Write in to psen@itechseries.com to learn more about our exclusive editorial packages and programs.