The real value of great service

Most organizations have realized that happy customers are more loyal, buy more, and are more likely to recommend a brand to their friends. Consequently, customers experience has become a top priority. Whilst customer experience relates to all impressions customers get throughout the buyer’s journey, it has been shown that the quality of customer service interactions is a particularly important predictor of customer lifetime value. Customers view the quality and speed of service to be one of the most important factors for building trust and will abandon brands that don’t offer a seamless experience. Organizations with great customer service also have three times higher returns and 91% of customers are more likely to repeatedly purchase from such a company. Consequently, contact centers are a vital aspect of customer experience that needs to be prioritized in the customer journey.

To deliver exceptional customer experience, companies should move away from siloed contact centers and incorporate customer service into an organization-wide communication strategy. When you start thinking beyond solving the customer’s immediate problem, you can extend the value of the contact center. When you provide agents with the right tools and the relevant context information to deliver experiences that exceed the customer’s expectations, you can leverage customer interactions to drive brand loyalty, reduce churn rate and drive sales.

Digitalization as an opportunity

Digitalization is on everyone’s mind, yet 80% of digitalization projects fail because bringing these systems together – both technically and organizationally – is a nontrivial issue. But it is a problem worth solving. Managing decentralized IT infrastructure requires a lot of resources, both personnel and monetary. To accelerate innovation, these resources would be better invested in unique, customer-wowing, market-share-expanding, profit-generating products and services (Forbes). Shifting contact centers to the cloud allows businesses to optimize processes and to provide a seamless experience by integrating or connecting different service channels. As the lines between organizational functions is increasingly being blurred, there is also an opportunity to incorporate the contact center into the wider communication strategy and to turn the contact center into an experience hub boosts productivity.

Not all channels are created equal

Don’t get caught up in the omnichannel-pursuit and try to provide all channels to your customers. Customers don’t want all channels – they want the right channel. Despite the ongoing trend of offering ever more service channels, customers have primarily stuck to using the phone. Despite being seemingly ancient technology, this form of communication will remain important, as telephony and increasingly video chat can solve issues fast and deliver emotions. The telephone isn’t going anywhere, and your customer service would benefit from stabilizing and optimizing your telephony. E-mails, structured webforms, widely available information and FAQs on your website, bots and other service channels are also beneficial and should be offered. To circumvent the problem of providing a seamless customer experience across all channels whilst acknowledging business limitations, Deloitte came up with ‘right channeling’. The idea is to meet customers where they are in the moment and to direct them to the most appropriate channel that will help them solve their problem. This will help you reduce cost and complexity whilst still showing customers that you value and understand them.

Telephony and increasingly video chat can solve issues fast and deliver emotions

 

Identify the important Interactions

The role of contact centers is increasingly shifting from service-orientated to relationship-driven. Historically, it was used for transactional touchpoints such as finding out about your bank account status or questions about your insurance premium. The challenge of customer service now is to identify where interactions create value for businesses and customers alike. Price’s value-irritant matrix is a great guidepost here.

Many customer interactions are the results of preventable issues, misunderstandings, or a lack of transparent information. Eliminate these unnecessary interactions by providing relevant information on your website and self-service features that work. Automate processes where customers are repeatedly asking the same questions. On the other hand, simplify processes where the organization requires information from a customer that he perceives as annoying. And most importantly, leverage interactions where both the customer and the organization derive value. Invest in these and support a great and personalized experience at every touchpoint.

Price’s value-irritant matrix

 

Drive business growth

Empower agents to contribute value to the business by providing them with customer and context data that allows them to identify the potential customer value. This allows agents to find upsell opportunities and helps them to deliver a personalized service. Like this, the contact center can not only increase efficiency and reduce costs but actively create new revenue. Customers will pay more for a great experience and if they feel that they are understood by the company they will become loyal brand advocates that will actively recommend your company. Customer loyalty is a key driver of long-term profitability, which should incentivize investing in customer service. The average repeat customer spends 67% more on your products. By leveraging interactions to increase customer satisfaction, trust, and loyalty, you can grow your brand value and market share.

Where to go from here

Let go of old habits that are no longer serving your business and reimagine customer service. Evaluate all channels of your service organization and define a clear channel strategy that allows your employees to leverage meaningful conversations. Utilize technology to your advantage and embrace processes and a mindset that can forge lasting relationships with customers that drive sales and revenue.

Luware offers customer service solutions for Microsoft Teams for telephony, video chat, co-browsing and more. Powerful integrations and automations provide employees with context information to deliver better service to customers and identify growth potentials.

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