iQor’s Strategic Outsourcing Partnership With US-Based Energy Company Yields $14M in Annualized Customer Service Savings

A Fortune 500 client in the energy industry realized $14 million in annualized savings after selecting iQor. The company selected iQor as their first and only business process outsourcing (BPO) partner over several Gartner Magic Quadrant leaders in Customer Service. A managed services provider of customer engagement and BPO integrated digital services, iQor provided a strategic outsourcing partnership that improved: agent skills alignment, new hire speed to proficiency, customer interactions, staffing optimization, and operating efficiencies.

Recommended AI News: Complete Verkada Platform is Now Available Across the UK and Europe

“iQor’s new program implementation team developed a focused approach to launching a new outsourced customer service program for a U.S.-based Fortune 500 energy company. By identifying the optimal mix of CX automation and people in collaboration with our clients, we are able to consistently ensure a successful support transition”

“iQor’s new program implementation team developed a focused approach to launching a new outsourced customer service program for a U.S.-based Fortune 500 energy company. By identifying the optimal mix of CX automation and people in collaboration with our clients, we are able to consistently ensure a successful support transition,” said iQor President and CEO Gary Praznik.

Recommended AI News: Blotout Announces New Partnership with Fastly to Improve Meta Ad Spend with Blotout’s EdgeTag

The implementation optimized and scaled program performance KPIs and reduced the overall service cost, delivering multiple benefits for the client in Year One:

– Saved $14 million in annualized costs.
– Exceeded customer CSAT goals.
– Reduced per-piece resolution times to meet new optimized business objectives.
– Cut overall customer email response times, improving CSAT and lowering costs.
– Exceeded industry best practices for agent retention.
– Delivered on all aspects of multi-shore ramps to surpass customer expectations.

Recommended AI News: Raising the Ceiling of Code-Free Programming for Robotics and Industrial Automation

[To share your insights with us, please write to sghosh@martechseries.com]