Finance Solutions is one of the UK's largest independent brokers for unsecured personal loans and currently processes over £100 million of new loan applications every month.
The installation of a contact management solution from Amcat has more than doubled Finance Solutions' lead processing efficiency from 40% to over 90%.
Problems
Very inefficient lead processing.
Only 40% of contacts followed up.
Representatives "cherry picking" best leads.
Loss of business through low contact rate.
Implications
The overall success rate in contacting and closing new business was very low.
Solution
A single sourced contact centre and telecommunications software solution from Amcat and sister company, UK Digital.
Intelligent agent scripting that maximised representative efficiency.
Result
A vastly improved lead processing operation rising from 40% to 90% success rate.
Very low technical problems due to single sourced solution.
Better prepared and efficient contact centre representatives.