iQor’s Strategic Outsourcing Partnership With Retailer Optimizes Performance and Saves $5M in Order Entry Costs

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A U.S.-based fashion retailer saved $5 million in order entry costs while increasing cross-sells and upsells and maintaining high customer satisfaction.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, February 14, 2023
Information
Tags: 
Software, Professional Services, Data Management, Training, Technology, Artificial Intelligence, Outsourcing Business, Education, Data Analytics, Human Resources, Other Technology, Consulting, Automation, Magic Quadrant, Culture, BPO, CX, Customer service, Wealth, IQor, Partnership, Sales
Geotags: 
UNITED STATES, NORTH AMERICA, FLORIDA
Organisation: 
IQOR
Summary
Key Points: 
  • A U.S.-based fashion retailer saved $5 million in order entry costs while increasing cross-sells and upsells and maintaining high customer satisfaction.
  • The retailer selected iQor as their first and only business process outsourcing (BPO) partner over a leader in Gartner’s 2022 Magic Quadrant for Customer Service.
  • A managed services provider of customer engagement and BPO integrated digital services, iQor provided a strategic outsourcing partnership that cultivated a world-class sales culture through selective staffing, customized training, and coaching informed by iQor’s proprietary AI speech and interaction analytics.
  • - Savings of $5 million in order entry costs.


A U.S.-based fashion retailer saved $5 million in order entry costs while increasing cross-sells and upsells and maintaining high customer satisfaction. The retailer selected iQor as their first and only business process outsourcing (BPO) partner over a leader in Gartner’s 2022 Magic Quadrant for Customer Service.

A managed services provider of customer engagement and BPO integrated digital services, iQor provided a strategic outsourcing partnership that cultivated a world-class sales culture through selective staffing, customized training, and coaching informed by iQor’s proprietary AI speech and interaction analytics.

“In collaboration with the client, iQor’s new program implementation team of strategic solution experts designed the optimal mix of CX automation and people to meet and exceed our retail client’s expectations. By building a strong sales culture within the contact center in a nearshore operation, we delivered phenomenal results for this first-time outsourcer,” said iQor Chief Operating Officer Martin Lehtio.

In Year One, the client enjoyed:

- Savings of $5 million in order entry costs.

- Cross-sells nearly 9% above goal.

- Upsells 12% over goal.

- Credit card signups 2% above goal.

- Average handle time reduced by more than 16%.

To learn more, view the retail strategic outsourcing case study.

About iQor

iQor is a managed services provider of customer engagement and technology-enabled business process outsourcing (BPO) solutions comprised of 40,000 amazing employees spanning 10 countries. We are passionate about delivering an outstanding omnichannel customer experience for brands across the globe. Harnessing intelligent CX technology that can scale teams anywhere, our BPO solutions create happy employees and delighted customers. Our irresistible culture results in a smile with each interaction to create optimal customer experiences. We enable diverse teams to scale our BPO digital solutions from local to global to create the CX experience brands demand to win and keep customers. Read, see, and hear more at iQor.com.

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