Learn how leading loan company, Provident, completely modernized their contact center setup with VCC Live and benefited from a host of improvements as a result.
One of the best-known loan companies in Hungary, Provident provides loans to more than 220,000 customers and has over 2,000 employees.
The firm has a multi-activity contact center where agents need to conduct a variety of duties and the existing, on–premise setup was hindering both performance and growth.
Limited by an outdated system
Provident’s customer service team handles a wide range of customer activities, including inbound queries, telesales, debt collection, and complaint management. However, their contact center operations relied on several, uncoordinated on-premise solutions which had huge impacts on agent productivity.
The inefficiencies of their incumbent system included:
- Ineffective, manual dialing wasting up to 30 seconds per call
- Unable to handle high call volumes as teams dealt with both inbound and outbound calls which frequently fluctuated
- Frequent system downtime e.g. due to power outages
- Agents unable to work from home due to an on-premise system
Evolving through our contact center solution
Provident wanted to migrate to a cloud-based solution that included a host of features to ramp up their contact center capabilities. VCC Live was the firm’s preferred choice because of four key reasons:
Provident wanted to migrate to a cloud-based solution that included a host of features to ramp up their contact center capabilities. VCC Live was the firm’s preferred choice because of four key reasons:
- The predictive dialer feature was pivotal for Provident as no manual dialing is required and active talk time can reach up to 49 mins per hour – far surpassing previous levels
- With a multi-activity contact center – Provident saw huge use potential for several other relevant features included as part of our solution – e.g. interactive voice response (IVR), voicemail detection, real-time KPI dashboard, and VCC Live Pay (secure over-the-phone payment function)
- To remove a longstanding burden for their agents conducting several tasks, the platform’s ability to instantly switch between functions was a must-have as they can swiftly change from predictive dialer to handling inbound customer calls
Lastly, as the migration to VCC Live’s platform would be significant, Provident valued the fully customizable aspect of our software and that it can be easily self-managed in a completely user-friendly way
Driving improvements across the business
Following continual account management reviews, we’ve learned that Provident has completely modernized their processes with a more cost-effective solution that allowed them to speed up activity and boost agent productivity.
A big achievement was the growth of outreach capability through using our predictive dialer function and also diminishing unnecessary agent work. In combination with VCC Live Pay, the firm also saw their debt collection rates increase and customer experience improve by offering a simpler payment option.
Provident has significantly improved resource management through enabling an agile workforce that can instantly switch between activities when required. They also set up a secondary site in Szeged, Hungary, in less than three months – with the agility and scalability of our solution being a key factor in achieving this.
Finally, our cloud-based platform enabled full remote working during the pandemic, allowing agents to work from anywhere.