Prompt handling increases subscription revenue
A French publisher and distributor of religious books and magazines was hampered by a small staff that only operated during business hours. At one point, they were unable to answer almost 50% of the calls they received. Plus, they had a backlog of thousands of paper subscription requests that had been unanswered for months.
The Christmas and Lenten seasons, which should have been anticipated as a time of increased product interest and cash flow, only put them further and further behind.
After analysis, the publisher decided to keep handling paper-based subscription requests inhouse, but outsourced handling of all phone calls to TMP Direct.
We worked together with the publisher to develop a knowledgebase of information about their products and policies. Plus, our CSRs were trained for several days on the publisher's web-based Customer Relationship Management (CRM) application, which gives us access to their internal customer database. In this way we can resolve a wide variety of customer service issues regarding subscriptions, gift subscriptions, missed issues, payment history, and much more.
As a result, 96% of calls are now answered within 20 seconds or less with a 90% first-call resolution. Plus, an increased volume of new and renewal subscriptions are being processed faster and more efficiently — increasing revenue, cash flow, and the satisfaction level of new and future customers.
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