There are numerous sources of information online detailing consumer rights and describing how to go about submitting a complaint. And for those less excited about the prospect of form-filling, there are specialist claims-management companies to take over the tedious processes. This means that the volume of complaints can become unmanageable for even the largest organisations. Take the infamous Payment Protection scandal - according to the FSA, the number of complaints to banks and building societies increased by 67% in the first half of 2012, with the total number nearing 3 million.

While the ‘pay as you complain’ idea is highly controversial and could drastically affect brand perception, it does address a key business challenge, which is becoming smarter at handling customer complaints. Addressing and pre-empting the drivers of formal complaints through an operational customer feedback solution is something that companies can do today. To help with that, the NICE Fizzback solution generates alerts for negative customer feedback based on a bespoke and flexible set of criteria. By doing this, it is then possible to segment dissatisfied customers by important parameters, such as customer value, proximity to contract end, or number of complaints submitted to make it easier to successfully prioritise and strategize a company’s customer recovery efforts.
Identifying and resolving the needs of customers in distress before formal complaints both reduces the volume and complexity of costly formalities and generates positive closed-loop customer experiences. Successful issue resolution can even create bigger advocates of a company than those with no cause for frustration. Effective customer recovery and its impact on complaints is a classic example of a proactive over a reactive strategy – and our clients have been able to realise millions of pounds or dollars in saved revenue from its effective application.
Elena Belkina
For more info on NICE Fizzback please visit www.nice.com/fizzback