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Everyone seems to be talking about compliance. How does it affect customer communications?


As digital connectivity grows among businesses and consumers, the opportunity for consumer abuse due to malicious intent or inadvertent behavior is multiplying. To protect consumer interests, government bodies around the world are increasing business regulation. For example, in the US, data privacy rules are being robustly enforced, and truth-in-advertising requirements are being tightened.

The risk of consumer abuse is increased as businesses outsource their contact centers functions, that is, handling customer interactions for service and sales. Outsourcing creates a potential gap in customer interaction know-how. Contact center agents employed by an outsourced service provider may not be well trained on company policies, nor have imbibed company values. Recently, Capital One, a large NA-based credit card issuer, cancelled its contract with one of its outsourced providers when it received numerous complaints from consumers about false advertising claims made by the outsourced contact center agents on behalf of the credit card company!

More importantly, the impact of inconsistent or improper customer communication on valuable business brands can be devastating. Customers in today's digital economy have the ability to share their poor experiences with a company with other customers through digital word of mouth-nothing travels on the Net faster than bad news!

These challenges also present unique opportunities for companies that demonstrate proactive commitment to their customer's interests by ensuring customer-friendly compliance in their customer communication practices across all interaction channels-phone, email, web, and in-person. Similarly, the need for business process compliance presents an opportunity for companies to leverage knowledge management capabilities that allow them to codify best practices and drive consistent high-performance across the organization.


 
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