MOVING MONEY AROUND THE WORLD IN ONE IVR INTERACTIVE SERVICES CASE STUDY Western Union teamed up with West to help customers worldwide self-serve, and saved millions of dollars along the way. INTERNATIONAL CHALLENGE Western Union is an industry leader in international money transfer, supporting well over 250 million consumer-to-consumer transactions and moving $85 billion in a year. Recognizing that 25 percent of annual volumes originated outside of North America and each call with an agent costs the company $2 on average, Western Union saw an opportunity to expand the global capabilities of its interactive voice response (IVR) technology and create a consistent, automated self-service experience. Maintenance of multiple, regionalized IVR platforms is overwhelming, time-consuming and expensive; Western Union sought to improve efficiency and lower overhead costs, while supporting customers anywhere in the world. 11X Growth in international IVR volumes 4+ Point Increase in automated self-service have increased four points “We of automation in one year, which is significant ROI. Those numbers get my attention. … Other vendors’ infrastructure is regionalized; all routing and callflows are individually maintained. [West] helped me simplify the IVR architecture and level of effort to support it. We expanded services and functionality internationally, [so I can deliver to my customers], and reduced overhead. ” ROB MUNGER, JR., WESTERN UNION DIRECTOR OF WORKFORCE, QUALITY & PROJECT MANAGEMENT Western Union completed 255 million consumer-to-consumer transactions (moving $85 billion of principal between consumers) and 484 million business payments in 2014. http://corporate.westernunion.com/Global_Organization.html 1 Experience Connected at west.com/interactive | 800.841.9000 • MOVING MONEY AROUND THE WORLD IN ONE IVR STATE-OF-THE-ART SOLUTION PROLIFERATING ROI At the outset, Western Union had 74 percent customer volume on the IVR, and 33.7 percent gross containment. A year later, those figures rose to 84 percent and 37 percent, respectively – reflecting an increase in international calls from 50K to 570K. West proposed a phased approach to consolidate all automated voice channels, strategize callflows, introduce international capacity, and use predictive modeling to drive self-service, efficiency and containment. Successful integration of CRM and the West Interaction Database (WIDB) has helped to identify 4 million of 60 million callers in the IVR – climbing by 88 percent month over month in the first year, and equating to multimillion dollar annual savings. A team of nine West experts was dedicated to design, management and continuous improvement of Western Union’s IVR. Within six months, all applications had a single entry-point and a new dimension of language – decreasing maintenance, delivering a seamless multi-lingual user-experience, and paving the way for expansion. Company and customer effort are significantly reduced. The average length of each call decreased by 6 percent, first-call resolution improved by 12 percent and customer satisfaction increased by 13 percent. Forthcoming upgrades to Voice Over Internet Protocol (VoIP) infrastructure, in collaboration with Verizon, will increase cost efficiency by reducing the physical bandwidth necessary to handle numerous calls. The smart IVR supports 25 languages and dynamically changes the call-flow based on geographic location, call history, recent behavior and predictive analytics. Callers are greeted by more sophisticated understanding of their individual information and intent, for quicker task resolution and less frequent need for agent support. Worldwide reach, cost savings and a better customer experience Listen to your customers, wherever they are. Partner with West. Western Union projects 92 percent of volumes and 40 percent overall containment in the IVR by the close of year two. • Simplified IVR architecture and greater assurance • Increased automated self-service and first-call resolution • Robust data connections using CRM and WIDB software • Support for 25 languages, and counting • Customer context and predictive analytics • Single entry-point, smaller footprint and greater capacity • Continuous improvement with less effort ABOUT WEST West delivers communication solutions that help brands create connected customer experiences. We have 30 years of experience strategically improving customer interaction, enhancing productivity and increasing profitability, with clients in healthcare, education, utilities and diverse commercial industries. West Interactive Services solutions include IVR & SelfService, Proactive Notifications & Mobility, Cloud Contact Center and Professional Services. Experience Connected at west.com/interactive © 2016 West Corporation. All rights reserved. EOE/AA Employer 0616