Social Media Study, Customer Care Benchmarking
PSS Systems, which sells legal information governance products, has announced new software bundles designed to provide Global 1000 companies with a legal and EDRM product in a single offering.
Discovery cost has gone from just a small portion of litigation costs to the vast majority of those costs, yet forecasting practices haven't kept pace with this sea change. A lack of scenario modeling tools has made it difficult to routinely predict cost or negotiate production scope and, as a result, companies resolve matters more slowly and at higher total cost. The Atlas product is designed to address this, as it now embeds continuous cost control into the litigation workflow, eliminates manual data gathering and enables complex analysis.
"When custodian, volume and price data are readily available and corporate attorneys have tools to continuously forecast costs, they have the potential to reduce scope and avoid substantial expense. Built-in discovery cost forecasting is an exciting, timely breakthrough," says Tom Lahiff, director in PricewaterhouseCoopers Advisory Practice and a former corporate litigator. PwC is an Atlas delivery partner.
Simpson Grierson initially ran a head-to-head pilot between the Winscribe dictation system and BigHand's 3rd generation workflow software. BigHand's voice productivity technology was chosen, with users reporting the interface more intuitive and its features more complete and easier to access.
Valerie Fogg, Information Services Director, Simpson Grierson, says aside from lost or wiped tapes, "one of the main problems with our old analogue-based system was that we couldn't see the workload pipeline or manages our resources effectively. Whether a tape had one or 15 client documents on it was a mystery, and the urgency of each doc was impossible to judge against other client files. As a result we had to operate with more resources than we perhaps ultimately needed in order to account for peaks of work, and we also relied too heavily on temporary cover."
Typists in each office can also work on dictation for their national work group unconstrained by physical location.
Los Angeles-based Passenger, which works in private online brand communities, has announced research data and an accompanying white paper by Sector Intelligence analyzing how companies are currently using social media as part of their corporate marketing and product development strategies, finding that "interactive communities provide deeper insight into customers' needs than traditional market research."
"Never before has the impulse for consumers to connect with brands been expressed and acted upon on such a large scale, and never before have so many disparate individuals come together to help produce products and services that would be in turn distributed on a mass basis," says Craig A. Honick, managing partner, Sector Intelligence. "The brands we interviewed in this study documented that direct conversations through private social networks are improving the climate for innovation in tangible ways."
Samantha Skey, general manager, Passenger, says the survey demonstrates that "private online communities are shifting the way brands think about communicating with their customers, and the dialogue that results from these communities is proving to be a catalyst for significant change within organizations."
The study's highlights include findings that 86 percent of respondents report that private online communities provide richer insight into customer needs, 33 percent report that the community input alone has actually changed product designs and marketing plans and 43 percent report they use fewer focus groups as a direct result of engaging in collaboration via the private online community while 36 percent report conducting fewer surveys
Sixty-four percent say the community has improved the context for decision-making within the company, and fully 96 percent report that their marketing department is deriving value from collaboration with customers, with 71 percent reporting the same for market research and 66 percent reporting a positive impact on product development.
Sector Intelligence drew the conclusions that word of mouth is likely to become a more central part of a company's future marketing strategy as they learn to integrate loyal customers into the brand strategy, conversations happening in private online communities are unique from other forms of research such as focus groups, some of the more conservative brands have shied away from public social networks because of the risks involved, companies are investing in tools and services that will help them listen to and learn more from their customer base and private online communities can enhance internal collaboration within larger brands in diverse sectors.
Sector is continuing to develop the Brand-Life Continuum Report™ and the Brand Sustainability Index™, tools which measure and benchmark the nature and depth of how organizational and personal brands are integrated in the daily lives of target market groups. The tools make extensive use of ethnography, word of mouth research, and quantitative modeling and are often paired with social media applications that track and analyze online consumer conversations.
Customer Operations Performance Center, a consultancy on customer contact centers and vendor management operations, and Society of Consumer Affairs Professionals, a professional society of customer care consultants from the Fortune/Forbes 1000, have released results of what they say is the first ever multi-industry benchmarking study for customer care.
Participants in the survey include over 40 companies across five verticals with combined annual revenue of over $170 billion. It looked at ten customer satisfaction and operational categories such as complaint management, quality monitoring and operational metrics.
COPC officials say they will present the results of the customer care benchmarking study this week during the annual SOCAP Symposium in Chicago, and that each of the survey participants will also receive a detailed benchmarking report.
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