What Is Contact Center ROI

Published on Sep 17, 2019 at 2:48 pm in Blog

Contact center ROI analyzes the value of any business investment. It is a way of analyzing business decisions and see whether the investment will be paid off and when it will happen.

Calculate contact center ROI formula

Investment, for the ROI calculation, is defined as the monetary value that needs to be paid by the organization to achieve benefits from the contact center solution. Nevertheless, assessing contact center ROI is not as easy and simple as it looks.

There are two parts to assessing the ROI: the soft ROI and the hard ROI. Many companies have a clear strategy for technological investments. However, these are often based on the hard benefits, those that can be easily measured and tracked. Benefits like increase in FCR (First Contact Resolution rate), decrease in agent talk time, average handling time, and so on. The soft ROI is harder to quantify and measure. It refers to parameters such as, improvement in customer satisfaction, improvement in brand awareness, decrease in customer attrition, decrease in agent attrition, and so on.

Calculate Contact Center ROI

When we talk about technology only, the costs and benefits are very clear, enabling the building of the ROI business case fast and easy.

COSTS

Subscription – Includes cost of monthly/annual subscription. Don’t forget seasonal requirements or temporary staff needs.

Implementation – Deployment and infrastructure investments. Don’t forget the hardware needed to deploy the technology.

BENEFITS

Cost reduction –  Reduced or no downtime, reduced or no IT needs.

Improved productivity – A unified contact center reduces agent handling time and improves customer satisfaction and FCR rates

This is just a simple example of what a contact center can do for your business. It gives your customers a better and convenient way to reach out to your business, enabling them to buy more of your products or services and improving your business performance be it in terms of sales, upselling, and others.

Our experience and knowledge of over 26 years implementing and monitoring the use of contact center solutions for all businesses, regardless of type or size, allows us to commit to estimating and delivering the ROI of Altitude Xperience on the cloud for every client. The Altitude ROI program ensures that our customers will have a clearly and tightly defined return on investment when deploying Altitude Xperience.

D - ROI: Define, Deploy, Determine, Drive, Deliver

  • Define relevant ROI metrics and clearly estimate the potential benefits prior to project implementation.
  • Deploy the solution based on the predefined metrics and goals.
  • Drive the contact center operations towards clear ROI achievement.
  • Determine how the ROI metrics evolve over time and act to ensure them.
  • Deliver ROI through accurate investment payback values and establish a clear business case for future investments.

Find the ROI for your cloud contact center

Avatar

Celia Cerdeira

Other insights

Letter to Our Customers And Partners

Dear friends, We’ve been using the term VUCA (Volatile, Uncertain, Complex and Ambiguous) here and there in the last.

Read more

Letter to Altituders

Dear Altituders “Hope this letter finds you well…” is a very polite way to start your message with. However,.

Read more

What Are Remote Contact Center Agents?

Remote contact center agents, agents working from home, at-home agents: there is an array of terms to refer to.

Read more

Emergency situations? Contact center technology comes to the rescue!

COVID 19, Coronavirus… How many times a day do we listen to thees words? It’s all over the news,.

Read more

What Are the Benefits of Customer Self-service?

88% of consumers expect a brand or organization to offer an online customer self-service support portal. Machine Learning, Big.

Read more

The Cloud Is the Future Of Software Delivery

This article was originally published in readwrite. Author: Miguel Vital On-premises software installation is taking its final breath. In.

Read more

Protect your agents,
take care of your clients. How?

tecnologia do contact center