Financial Services & Banking

Featured Customers:


Industry-leading commercial banks, credit card issuers, and investment management firms have implemented Merced Systems’ Sales Performance Management and Service Performance Management solutions to improve sales, build customer loyalty, and increase wallet share. These operations put a premium on customer experience in managing both sales and service interactions. They also have rigorous standards for accuracy, security and enterprise scalability. By implementing Sales Performance Management and Service Performance Management in their operations, Financial Services organizations have:

  • Grown wallet share by improving sales performance across all interaction channels, including branch, broker, direct mail, telephone, and Internet for a truly integrated multi channel experience.
  • Automated incentives and rewards in a fully auditable system to ensure compliance with regulatory requirements such as Sarbanes Oxley, Basel II and changing International Accounting Standards.
  • Built customer loyalty and grown deposits or managed assets by optimizing Key Performance Indicators through operational improvement campaigns.
  • Increased first-time-right metrics such as response time, transaction quality and customer satisfaction while avoiding unnecessary errors and rework.
  • Leveraged analytics to link performance information and transactional activity show the impact of improvement campaigns and uncover the cause and effect of emerging trends.
  • Ensured data security to the highest standard with data segmentation, access level control and advanced authorization rules.
 

Related Articles:

Tick Incentive Compensation Management
Tick Merced Performance Suite
Tick Sales Intelligence
Tick Service Intelligence
Tick Sales and Service Performance Management For Financial Institutions

 

Case Study: Managing Variation at a Major US Bank

Case Study: Managing Variation at a Major US Bank

Reduce variation in service/sales performance in credit card operation

Case Study: Managing Variation at a Major US Bank

  • Integrate data from ACD, WFM, sales, c-sat, FCR & more (7 key metrics + sub-metrics)
  • No static goals! Support complex dynamic ranking scheme based on 15 employee segments.
  • Merced Performance Suite w/Coaching Plus
    - Scorecards for Agent > Exec
    - Coaching forms & workflow
    - QA forms & workflow
    - Best Practices Library (June ’09)

  • Merced Incentive Compensation Management
    - Daily incentive calculations for associate, team manager
    - Monthly incentive payments
    - Workflows (dispute management, payment release, etc.)

  • Hosted & Managed by Merced

Case Study: Managing Variation at a Major US Bank

  • Release 1 (MPS) deployed to 750 users in 73 days
  • Release 2 (MPS) deployed to 3000+ in another 73 days
  • Phase 3 (MICM) deployed in 90 days
  • 90%+ sustained adoption rates
  • Results confidential…but exec sponsor called project “a home run”

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