Church and Crawford signs Pilot Project with Indian Financial provider to target over 2.5 million smart phone users
28 2월 2012 - 6:30AM
Business Wire
Church & Crawford, Inc. (OTC:CCWF) can confirm today that
its System Integrator (SI) has signed an agreement to start a pilot
project for a major financial company in India.
The financial company has expressed its willingness to
participate in a pilot using the EMPS+ solution as a key part of
its customer contact strategy. The four-month pilot project will
consist of a full deployment of the EMPS+ solution, and is
expecting millions of dollars (US) in savings along with a
first-ever revenue stream through advertisements via the EMPS+
application.
The company in India which has requested anonymity until a
purchase order is signed permitted Church & Crawford to
announce the pilot and to quote the following facts:
Pilot start date: April 2012 for a period of 6 months.
Pilot description: To further develop, test and complete field
implementations on Andriod, Blackberry and Windows OS to a user
group of 2.5M smart phone issues.
Terms: The pilot will be completed on commercial terms with a
transactional base model to be implemented. $1 per download, 2c per
connection, 10c per connection + self-service, $2 per every call
that is transferred to an agent and $3.5 per every call that is
resolved via agent chat.
With an average call volume being in excess of 220,000 calls per
day, the Church & Crawford solution is expected to reduce the
number of calls into the contact centre by up to 10% by the end of
the pilot. The key areas being in the area of IVR. The company will
for the first time work with its System Integrator to implement the
agent chat facility. The company believes that this will benefit
both the company and its customers by providing an enhanced
customer service. The company has also commented on the clear
benefits of the customer interaction particularly in the area of
on-hold experience. By increasing the customer experience it the
intrinsic benefit of increased customer retention. The company has
stated that it is in talks with partner companies to create a
mobile advertisement revenue model, based on 2.5 million users the
finance company is expected to raise new revenue in the region of
$250,000 per year.
Church & Crawford has worked closely with the SI in
providing the mobile contact strategy and identifying key areas of
improvement and revenue from mobile ads.
The pilot is expected to raise the following revenue (amounts
are all in United States Dollars):
Pilot sign up - $150,000 (one off)
Application downloads - $500,000 (one off)
Total transaction (based on 10% of current calls per day) -
$6.46 million per year
Mobile advertisement revenue - $25,000 per year
The EMPS+ solution has been developed for companies who need a
cost effective channel to interact with their customers. EMPS+ is a
standalone end-to-end solution providing a platform for customer
interaction and mobile advertisement. It also integrates into
existing Computer Telephony ("CTI") solutions to provide immediate
and extensive cost savings.
A comment from the Financial Company
"We see the deployment of the EMPS+ Solution by our SI and
Church & Crawford as a key application that will enhance
customer experience and utilize the IVR port advantage to reduce
the cost of providing services through our dedicated customer
agents. We expect to save millions of dollars (US) by using EMPS+
data ports whilst also keeping up with the growing number of
customers in our network. The advertising engine and agent chat
will bring additional revenue streams to our company and put us in
the lead of our competition. It's a simple and easy solution."
About Church & Crawford
Church & Crawford is a mobile phone software solutions
company. The company develops and implements software solutions for
mobile hand phones. Its main area of concentration is the
development and implementation of software in these fields:
Interactive Voice Response (“IVR”) solutions, Computer Telephony
Integration (“CTI”) software.
Disclaimer for forward-looking statements for press releases
This Press release includes forward-looking information and
statements that are subject to risks and uncertainties that could
cause actual results to differ. Such forward-looking information
and statements are based on current expectations, estimates and
projections about global economic conditions, the economic
conditions of the regions and industries that are major markets for
Church Crawford and its subsidiaries and affiliates lines of
business. These expectations, estimates and projections are
generally identifiable by statements containing words such as
"expects", "believes", "estimates" or similar expressions.
Important factors that could cause actual results to differ
materially from those expectations include, among others, economic
and market conditions in the geographic areas and industries that
are or will be major markets for Church Crawford businesses, oil
prices, market acceptance of new products and services, changes in
governmental regulations, interest rates, fluctuations in currency
exchange rates and such other factors as may be discussed from time
to time. Although Church Crawford believes that its expectations
and the information in this press release were based upon
reasonable assumptions at the time when they were made, it can give
no assurance that those expectations will be achieved or that the
actual results will be as set out in this press release. Neither
Church Crawford nor any other company within the Church Crawford
group is making any representation or warranty, expressed or
implied, as to the accuracy, reliability or completeness of the
information in the press release, and neither Church Crawford, any
other company within the Church Crawford group nor any of their
directors, officers or employees will have any liability to you or
any other persons resulting from your use of the information in the
press release.
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