News Column

Verint Introduces Business Impact Solution for Branch Sales Effectiveness

April 29, 2014

New Offering to Help Financial Institutions Optimize Customer Engagement by Helping Improve Productivity and Increase Revenue

MELVILLE, N.Y.--(BUSINESS WIRE)-- Verint®Systems Inc. (NASDAQ: VRNT) today announced the availability of Verint Branch Sales Effectiveness, the latest addition to its series of Business Impact Solutions. The offering helps optimize customer engagement by combining results-driven consulting with patented software to help financial institutions drive revenue.

Today’s retail branches face considerable pressure to increase revenue, yet many are challenged by limited visibility into employee behaviors across their branch networks. The scenario is further compacted when the technology they may already have in place is configured based on outdated scenarios. This has led forward-thinking bank executives to actively seek ways to improve the bottom line. Financial institutions are looking for solutions that provide insights into ways to advance existing customer relationships and cross-sell complementary banking products to offer greater value.

That’s where the Verint Branch Sales Effectiveness solution can help. This new branch-specific offering leverages Verint’s award-winning workforce optimization (WFO) suite to provide insight into employee sales behavior and performance that can drive revenue by enhancing sales activities and productivity across branches. By establishing the current state of branch effectiveness and providing the tools necessary to understand where improvements can be made, Verint Branch Sales Effectiveness can evaluate the impact of changes on an ongoing basis by monitoring and sharing individual employee, branch and regional sales performance to provide visibility into key operational metrics and sales production.

Financial institutions can benefit from the following Branch Sales Effectiveness functionality:

  • Branch Sales Productivity Assessment

    Core to the solution is the focused branch sales productivity assessment. Once completed, this evaluation helps establish a baseline to measure future performance and provide recommendations for improvement. Verint subject matter experts examine current processes and interview stakeholders to learn more about customer interactions, identify existing sales initiatives and discover lower-value activities that could potentially prevent sellers from focusing on sales. This detailed analysis for management can be used as a guide for any needed changes.

  • Technology Solutions for Actionable Insight

    Leveraging its desktop and process analytics capabilities, Verint Branch Sales Effectiveness enables organizations to identify and quantify hidden staff capacity that can be used for outbound calling or other sales-supporting activities. Additionally, it can monitor employee desktops to capture and report on how staff perform different activities and execute sales processes, offering insight into staff utilization, individual sales productivity and average time spent per activity. It also can expedite the sales process by auto-populating data across applications and offering personalized guidance to employees via on-screen instructions.

    To provide employees, branch managers and executive management with ongoing visibility into sales metrics, the solution’s advanced scorecard capabilities display key sales performance metrics to each employee based on their role. Through these objective assessments and views, employees gain ongoing visibility into how they’re performing, and where they can make adjustments to help achieve their objectives and enhance their performance. Coaching sessions can also be automatically triggered when scores fall below thresholds, helping managers focus on the employees or branches that need it most.

  • Performance Monitoring from Mobile Devices

    For added convenience, organizations can use Verint’s native mobile app that delivers convenient, secure access to individual, team and/or branch scorecards on mobile devices without requiring access to a computer. Available as an optional add-on, it enables managers to stay on top of sales performance from anywhere, at any time.

    “Verint Branch Sales Effectiveness is designed to help retail banks address and overcome a variety of common challenges they face today—such as declining sales, lower staff productivity and a lack of visibility into their branch networks,” explains Nancy Treaster, senior vice president and general manager, strategic operations, Verint Enterprise Intelligence Solutions. “The solution also enables leaders to compare actual sales processes to preferred processes in order to help employees work and engage customers more effectively.”

    Enabled by Verint Services, Verint Business Impact Solutions help organizations identify and quantify key aspects of operational performance and prioritize activities to help maximize productivity, engagement, loyalty and more. Other Verint Business Impact Solutions include those that help address Voice of the Employee, High-Efficiency Performance Management, Regulatory Compliance, Cost-to-Serve, Call Avoidance, Service Recovery and Personalized Guidance.

    About Verint Systems Inc.

    Verint® (NASDAQ: VRNT) is a global leader in Actionable Intelligence® solutions. Actionable Intelligence is a necessity in a dynamic world of massive information growth because it empowers organizations with crucial insights and enables decision makers to anticipate, respond and take action. Verint Actionable Intelligence solutions help organizations address three important challenges: customer engagement optimization; security intelligence; and fraud, risk, and compliance. Today, more than 10,000 organizations in over 180 countries, including over 80 percent of the Fortune 100, use Verint solutions to improve enterprise performance and make the world a safer place. Learn more at www.verint.com.

    This press release contains forward-looking statements, including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2014 and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, the Company assumes no obligation to update or revise them or to provide reasons why actual results may differ.

    VERINT, ACTIONABLE INTELLIGENCE, MAKE BIG DATA ACTIONABLE, CUSTOMER-INSPIRED EXCELLENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS, VERINT VERIFIED, KANA, LAGAN, VOVICI, GMT, VICTRIO, AUDIOLOG, ENTERPRISE INTELLIGENCE SOLUTIONS, SECURITY INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR, RELIANT, VANTAGE, STAR-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.





    Verint Systems Inc.

    Industry Information

    Candace Flynn, 303-254-7152

    candace.flynn@verint.com

    or

    Investor Relations

    Alan Roden, 631-962-9304

    alan.roden@verint.com

    Source: Verint Systems Inc.


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