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Past
Future
Speech analytics for increased customer
satisfaction and sales
Case study
Context:
A large Insurance provider experiences large
volume of calls daily in its call center.
Large volume of calls make data analysis
through manual sampling and listening virtually
impossible.
The client wanted to monitor key parameters
such as sales conversion, agent compliance
and customer satisfaction in this context.
Proposed solution:
• A trusted speech analytics product was
proposed to gain insights in three main
areas: sales conversion, agent compliance
and customer satisfaction.
• Analysis was performed on 100% of the
calls to identify key trends.
• Real-time notifications were provided to
those agents who missed reading out the
disclaimer statements.
• Recommendations in terms of ideal sales
pitch was also provided to the agents to
increase sales conversion.
Client impact:
• Eighty-two percent increase in customer
satisfaction (CSAT) score level
• Twenty-six percent increase in agent
compliance
• Fourteen percent increase in sales
conversion
• Twelve percent first call resolution (FCR)
Contact us
Customer interaction challenges
Minimizing customers’ waiting time
between calls
Ensuring compliance to regulations
Creating more upsell and cross-sell
opportunities
Creating personalized customer
experiences
Varun Mittal
EY Global Emerging Markets FinTech
Leader
varun.mittal@sg.ey.com
Business challenges solution methodology
Benefits of speech analytics
Train call agents Improve
compliance
Increase Up-Sell
and Cross-Sell
Cut monitoring
costs
Speech analytics modules
Sentiment analytics
Business rules
configurator
Dynamic language
switching
Keyword spotting AI Scoring engine
Automated
transcription
Recommendation
engine
Custom management
information system
(MIS) and analytics
Create
awareness
that a decision
must be
made
Understand
the scope and
context of
the decision
Identify likely
outcomes
Identify the
best course
of action
Report on
the results of
the action
Descriptive Diagnostic
Prescriptive Predictive
Website: www.ey.com/sg/fintechhub
Email: fintech@sg.ey.com
Sahil Gupta
EY ASEAN FinTech Manager
sahil.gupta@sg.ey.com
EY | Assurance | Tax | Transactions | Advisory
About EY
EY is a global leader in assurance, tax, transaction and advisory
services. The insights and quality services we deliver help build
trust and confidence in the capital markets and in economies the
world over. We develop outstanding leaders who team to deliver
on our promises to all of our stakeholders. In so doing, we play a
critical role in building a better working world for our people, for
our clients and for our communities.
EY refers to the global organization, and may refer to one or
more, of the member firms of Ernst & Young Global Limited, each
of which is a separate legal entity. Ernst & Young Global Limited,
a UK company limited by guarantee, does not provide services to
clients. For more information about our organization, please visit
ey.com.
© 2018 EYGM Limited.
All Rights Reserved.
EYG no. 011378-18Gbl
ED None.
This material has been prepared for general informational purposes only and is not
intended to be relied upon as accounting, tax or other professional advice. Please
refer to your advisors for specific advice.
ey.com

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Speech analytics for increased customer satisfaction and sales

  • 1. Past Future Speech analytics for increased customer satisfaction and sales Case study Context: A large Insurance provider experiences large volume of calls daily in its call center. Large volume of calls make data analysis through manual sampling and listening virtually impossible. The client wanted to monitor key parameters such as sales conversion, agent compliance and customer satisfaction in this context. Proposed solution: • A trusted speech analytics product was proposed to gain insights in three main areas: sales conversion, agent compliance and customer satisfaction. • Analysis was performed on 100% of the calls to identify key trends. • Real-time notifications were provided to those agents who missed reading out the disclaimer statements. • Recommendations in terms of ideal sales pitch was also provided to the agents to increase sales conversion. Client impact: • Eighty-two percent increase in customer satisfaction (CSAT) score level • Twenty-six percent increase in agent compliance • Fourteen percent increase in sales conversion • Twelve percent first call resolution (FCR) Contact us Customer interaction challenges Minimizing customers’ waiting time between calls Ensuring compliance to regulations Creating more upsell and cross-sell opportunities Creating personalized customer experiences Varun Mittal EY Global Emerging Markets FinTech Leader varun.mittal@sg.ey.com Business challenges solution methodology Benefits of speech analytics Train call agents Improve compliance Increase Up-Sell and Cross-Sell Cut monitoring costs Speech analytics modules Sentiment analytics Business rules configurator Dynamic language switching Keyword spotting AI Scoring engine Automated transcription Recommendation engine Custom management information system (MIS) and analytics Create awareness that a decision must be made Understand the scope and context of the decision Identify likely outcomes Identify the best course of action Report on the results of the action Descriptive Diagnostic Prescriptive Predictive Website: www.ey.com/sg/fintechhub Email: fintech@sg.ey.com Sahil Gupta EY ASEAN FinTech Manager sahil.gupta@sg.ey.com
  • 2. EY | Assurance | Tax | Transactions | Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. © 2018 EYGM Limited. All Rights Reserved. EYG no. 011378-18Gbl ED None. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. ey.com