www.egain.com Open in urlscan Pro
141.193.213.20  Public Scan

URL: https://www.egain.com/knowledge-management-customer-service-support/?utm_source=1on1&utm_medium=email&utm_campaign=kma...
Submission: On June 18 via manual from IN — Scanned from DE

Form analysis 2 forms found in the DOM

GET https://www.egain.com/

<form method="get" action="https://www.egain.com/" class="header-searchform">
  <span class="screen-reader-text">Search this website</span>
  <input aria-label="Submit search" type="search" name="s" autocomplete="off" value="" placeholder="Type then hit enter to search...">
</form>

GET https://www.egain.com/

<form aria-label="Search this website" method="get" action="https://www.egain.com/" class="mobile-searchform">
  <input aria-label="Insert search query" value="" class="field" id="ocean-mobile-search-1" type="search" name="s" autocomplete="off" placeholder="Search">
  <button aria-label="Submit search" type="submit" class="searchform-submit">
    <i class=" icon-magnifier" aria-hidden="true" role="img"></i> </button>
</form>

Text Content

We use cookies to ensure you get the best experience on our website. By clicking
"Accept All", you consent to our use of cookies.

Customize Reject All Accept All
Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions.
You will find detailed information about all cookies under each consent category
below.

The cookies that are categorized as "Necessary" are stored on your browser as
they are essential for enabling the basic functionalities of the site. ... Show
more


NecessaryAlways Active

Necessary cookies are required to enable the basic features of this site, such
as providing secure log-in or adjusting your consent preferences. These cookies
do not store any personally identifiable data.

 * Cookie
   __cf_bm
 * Duration
   1 hour
 * Description
   This cookie, set by Cloudflare, is used to support Cloudflare Bot Management.

 * Cookie
   cookieyes-consent
 * Duration
   1 year
 * Description
   CookieYes sets this cookie to remember users' consent preferences so that
   their preferences are respected on subsequent visits to this site. It does
   not collect or store any personal information about the site visitors.

Functional


Functional cookies help perform certain functionalities like sharing the content
of the website on social media platforms, collecting feedback, and other
third-party features.

 * Cookie
   lidc
 * Duration
   1 day
 * Description
   LinkedIn sets the lidc cookie to facilitate data center selection.

 * Cookie
   li_gc
 * Duration
   6 months
 * Description
   Linkedin set this cookie for storing visitor's consent regarding using
   cookies for non-essential purposes.

Analytics


Analytical cookies are used to understand how visitors interact with the
website. These cookies help provide information on metrics such as the number of
visitors, bounce rate, traffic source, etc.

 * Cookie
   _cfuvid
 * Duration
   session
 * Description
   Description is currently not available.

 * Cookie
   initialTrafficSource
 * Duration
   15 days
 * Description
   
   Used to store website referral URL.

 * Cookie
   _lfa
 * Duration
   1 year
 * Description
   This cookie is set by the provider Leadfeeder to identify the IP address of
   devices visiting the website, in order to retarget multiple users routing
   from the same IP address.

 * Cookie
   _gcl_au
 * Duration
   3 months
 * Description
   Google Tag Manager sets the cookie to experiment advertisement efficiency of
   websites using their services.

 * Cookie
   _ga_*
 * Duration
   1 year 1 month 4 days
 * Description
   Google Analytics sets this cookie to store and count page views.

 * Cookie
   _ga
 * Duration
   1 year 1 month 4 days
 * Description
   Google Analytics sets this cookie to calculate visitor, session and campaign
   data and track site usage for the site's analytics report. The cookie stores
   information anonymously and assigns a randomly generated number to recognise
   unique visitors.

 * Cookie
   __utmzzses
 * Duration
   session
 * Description
   Google Analytics sets this cookie to gather information about how a visitor
   uses the site.

 * Cookie
   _gid
 * Duration
   1 day
 * Description
   Google Analytics sets this cookie to store information on how visitors use a
   website while also creating an analytics report of the website's performance.
   Some of the collected data includes the number of visitors, their source, and
   the pages they visit anonymously.

 * Cookie
   AnalyticsSyncHistory
 * Duration
   1 month
 * Description
   Linkedin set this cookie to store information about the time a sync took
   place with the lms_analytics cookie.

 * Cookie
   _gat_gtag_UA_*
 * Duration
   1 minute
 * Description
   Google Analytics sets this cookie to store a unique user ID.

 * Cookie
   _gat_UA-*
 * Duration
   1 minute
 * Description
   Google Analytics sets this cookie for user behaviour tracking.

 * Cookie
   visitorId
 * Duration
   1 year
 * Description
   ZoomInfo sets this cookie to identify a user.

 * Cookie
   prism_*
 * Duration
   1 month
 * Description
   Active Campaign sets this cookie to track and store interactions.

Performance

Performance cookies are used to understand and analyze the key performance
indexes of the website which helps in delivering a better user experience for
the visitors.

No cookies to display.

Advertisement


Advertisement cookies are used to provide visitors with customized
advertisements based on the pages you visited previously and to analyze the
effectiveness of the ad campaigns.

 * Cookie
   MUID
 * Duration
   1 year 24 days
 * Description
   Bing sets this cookie to recognise unique web browsers visiting Microsoft
   sites. This cookie is used for advertising, site analytics, and other
   operations.

 * Cookie
   test_cookie
 * Duration
   15 minutes
 * Description
   doubleclick.net sets this cookie to determine if the user's browser supports
   cookies.

 * Cookie
   li_sugr
 * Duration
   3 months
 * Description
   LinkedIn sets this cookie to collect user behaviour data to optimise the
   website and make advertisements on the website more relevant.

 * Cookie
   bcookie
 * Duration
   1 year
 * Description
   LinkedIn sets this cookie from LinkedIn share buttons and ad tags to
   recognize browser IDs.

 * Cookie
   bscookie
 * Duration
   1 year
 * Description
   LinkedIn sets this cookie to store performed actions on the website.

 * Cookie
   IDE
 * Duration
   1 year 24 days
 * Description
   Google DoubleClick IDE cookies store information about how the user uses the
   website to present them with relevant ads according to the user profile.

 * Cookie
   UserMatchHistory
 * Duration
   1 month
 * Description
   LinkedIn sets this cookie for LinkedIn Ads ID syncing.

 * Cookie
   _uetsid
 * Duration
   1 day
 * Description
   Bing Ads sets this cookie to engage with a user that has previously visited
   the website.

 * Cookie
   _uetvid
 * Duration
   1 year 24 days
 * Description
   Bing Ads sets this cookie to engage with a user that has previously visited
   the website.

Uncategorized

Other uncategorized cookies are those that are being analyzed and have not been
classified into a category as yet.

No cookies to display.

Reject All Save My Preferences Accept All
Powered by
Skip to content
Print
   +1 800-821-4358 support@egain.com
 * +1 800-821-4358
 * support@egain.com
 * 
 * 
 * 
 * 

 * Products
   * eGain Knowledge Hub
   * eGain Conversation Hub
   * eGain Analytics Hub
 * Solutions
   * INDUSTRIES
     * Banking
     * Financial Services
     * Government
     * Health Care Providers
     * Health Insurance
     * Manufacturing
     * P&C Insurance
     * Outsourcers
     * Retail
     * Tech Industry
     * Telecom
     * Travel & Hospitality
     * Utilities
   * ORGANIZATIONS
     * Contact Centers
     * eCommerce
     * eService
     * Helpdesks
     * IT
     * Marketing
   * EDITIONS
     * eGain SmartIVR
     * eGain Telehealth
     * eGain AI Coach
 * Resources
   * LIBRARY
     * Articles
     * Blogs
     * Research
     * Videos
     * Webinars
     * White Papers
     * Customer Success
     * EBOOKS
       * Knowledge Management for Dummies
   * CUSTOMER COMMUNITY
     * eGain Community
     * eGain Support Portal
     * eGain University
     * DEVELOPER COMMUNITY
       * eGain Developer Central
     * PARTNER COMMUNITY
       * eGain Econet Portal
       * eGain Marketplace
   * TOPICS
     * Chat
     * Cloud Software
     * Customer Service Software
     * Digital Transformation
     * Digital CX
     * Generative AI for Customer Service
     * Knowledge Management
     * Knowledge Management System
 * Success
   * Customer Success
   * Industry Awards
 * Support
   * CUSTOMER COMMUNITY
     * eGain Community
     * eGain Support Portal
     * eGain Managed Services
 * Partners
   * PARTNER COMMUNITY
     * eGain Econet Portal
     * eGain Community
     * Partner Locator
     * Partner Deal Registration Form
     * MARKETPLACE
       * eGain Marketplace
   * CONNECTORS
     * eGain Knowledge Hub for Adobe
     * eGain for Apple Business Chat
     * eGain for Amazon Connect
     * eGain Analytics for Amazon Connect
     * eGain for Avaya
     * eGain for Cisco
     * eGain Knowledge Hub for Five9
     * eGain Knowledge Hub for Genesys
   * CONNECTORS (Cont.)
     * eGain for Google’s Business Messages
     * eGain for IBM Watson
     * eGain for Microsoft Dynamics 365
     * eGain Knowledge Hub for SAP
     * eGain Knowledge Hub for ServiceNow
     * eGain Knowledge Hub for Salesforce
     * eGain Knowledge Hub for Talkdesk
 * About us
   * MANAGEMENT
     * Board of Directors
     * Executive Team
     * INVESTOR RELATIONS
       * Investors
       * Annual Reports
   * CAREERS & CONTACT
     * Careers
     * Locations
     * Contact Us
     * RECOGNITION
       * Industry Awards
   * NEWS AND EVENTS
     * Events
     * Press Releases
     * Press Clippings
     * Webinars
     * Podcasts
 * Contact us
 * Blog
 * 

Search this website
Menu Close
 * Products
   * eGain Knowledge Hub
   * eGain Conversation Hub
   * eGain Analytics Hub
 * Solutions
   * INDUSTRIES
     * Banking
     * Financial Services
     * Government
     * Health Care Providers
     * Health Insurance
     * Manufacturing
     * P&C Insurance
     * Outsourcers
     * Retail
     * Tech Industry
     * Telecom
     * Travel & Hospitality
     * Utilities
   * ORGANIZATIONS
     * Contact Centers
     * eCommerce
     * eService
     * Helpdesks
     * IT
     * Marketing
   * EDITIONS
     * eGain SmartIVR
     * eGain Telehealth
     * eGain AI Coach
 * Resources
   * LIBRARY
     * Articles
     * Blogs
     * Research
     * Videos
     * Webinars
     * White Papers
     * Customer Success
     * EBOOKS
       * Knowledge Management for Dummies
   * CUSTOMER COMMUNITY
     * eGain Community
     * eGain Support Portal
     * eGain University
   * DEVELOPER COMMUNITY
     * eGain Developer Central
   * PARTNER COMMUNITY
     * eGain Econet Portal
     * eGain Marketplace
   * TOPICS
     * Chat
     * Cloud Software
     * Customer Service Software
     * Digital Transformation
     * Digital CX
     * Generative AI for Customer Service
     * Knowledge Management
     * Knowledge Management System
 * Success
   * Customer Success
   * Industry Awards
 * Support
   * CUSTOMER COMMUNITY
     * eGain Community
     * eGain Support Portal
     * eGain Managed Services
 * Partners
   * PARTNER COMMUNITY
     * eGain Econet Portal
     * eGain Community
     * Partner Locator
     * Partner Deal Registration Form
   * MARKETPLACE
     * eGain Marketplace
   * CONNECTORS
     * eGain Knowledge Hub for Adobe
     * eGain for Apple Business Chat
     * eGain for Amazon Connect
     * eGain Analytics for Amazon Connect
     * eGain for Avaya
     * eGain for Cisco
     * eGain Knowledge Hub for Five9
     * eGain Knowledge Hub for Genesys
     * eGain for Google’s Business Messages
     * eGain for IBM Watson
     * eGain for Microsoft Dynamics 365
     * eGain Knowledge Hub for SAP
     * eGain Knowledge Hub for ServiceNow
     * eGain Knowledge Hub for Salesforce
     * eGain Knowledge Hub for Talkdesk
 * About us
   * MANAGEMENT
     * Board of Directors
     * Executive Team
   * INVESTOR RELATIONS
     * Investors
     * Annual Reports
   * CAREERS & CONTACT
     * Careers
     * Locations
     * Contact Us
   * RECOGNITION
     * Industry Awards
   * NEWS AND EVENTS
     * Events
     * Press Releases
     * Press Clippings
     * Webinars
     * Podcasts
 * Contact us
 * Blog
 * 


    
    
 1. Home/
 2. Knowledge Management for Customer Service and Support


KNOWLEDGE MANAGEMENT FOR CUSTOMER SERVICE AND SUPPORT: THE TRANSFORMATIONAL
BUSINESS VALUE


WANT TO TRANSFORM CUSTOMER ENGAGEMENT?

CONTACT US


WHAT IS THE SECRET TO CUSTOMER LOYALTY?



The answer straight from ~50,000 “horses’ mouths” (consumers, that is), per a
massive survey conducted by Gartner, was: Make it easy to get service. In other
words, reduce their effort.



In order to find the recipe for the ever-elusive ease, Forrester Consulting
asked 5,000 consumers (on our behalf) about their biggest pain points in getting
customer service. Again, from the horses’ mouths, the answers (by far) were lack
of contact center agent knowledge and inconsistency of answers across
touchpoints, followed by the inability of websites to deliver answers. With a
common “knowledge” theme running across the pain points, the panacea is clearly
an intelligent and unified omnichannel knowledge management (KM) system, which
we call a “Knowledge Hub.”

Done with the right technology, process, people, and best practices, KM reduces
customer effort, which, in consumers’ own words, creates loyalty! Beyond this
strategic differentiator, KM also enables breakthrough enhancements to
operational metrics in the contact center and beyond.

Beyond this strategic differentiator, KM also enables breakthrough enhancements
to operational metrics which not only transforms the contact center but also
transcends it in many ways.

Here are sample metrics and corresponding real-world examples from our Global
2000 clientele. One caveat: Remember “different strokes for different
businesses.” The metric that makes sense for one brand might not make sense for
another. Force-fitting Walmart-style metrics to a Nordstrom brand intent is not
a good idea!

 * First-Contact Resolution (FCR)
 * Average Handle Time (AHT)
 * Average Speed to Answer (ASA)
 * Annual Training Hours (ATH)
 * Call / Email / Chat deflection
 * Product Returns and Exchanges
 * Dispatch Avoidance Rate


FIRST-CONTACT RESOLUTION (FCR)



One of the key customer-focused contact center metrics, First-Contact Resolution
can significantly reduce consumer effort. While FAQs, search, and topic-tree
browsing can help with simple queries, more sophisticated technologies like
AI-backed conversational guidance are essential to resolving issues of medium to
high complexity at first contact.



 * Knowledge in action A premier telco client was able to improve FCR by
   37% across more than 10,000 contact center advisors when they made it
   mandatory for all agents to use guided help, a capability enabled by our
   proven AI reasoning technology. In fact, any agent there is now able to
   handle any call, the “holy grail” in contact center customer service!


AVERAGE HANDLE TIME (AHT)



While it is a good metric for the customer as well, AHT is more of an internal
metric for customer service operations. It is important to bear in mind that AHT
without FCR can only increase customer effort and defection. Happily, KM, when
done right, can transform both of these seemingly conflicting metrics.



 * Knowledge in action As an example, a premier banking client reduced AHT by
   67% while improving FCR by 36%, leveraging AI to guide customers to answers!
   In fact, advisors in its contact center used the same technology to guide
   customers through processes such as account opening and other banking
   transactions while complying with industry regulations!


AVERAGE SPEED TO ANSWER (ASA)



ASA might better be called ASORA, the Average Speed to One Right Answer! Without
the “right,” ASA might mean speed to the wrong answer, increased customer
effort, and you know how that goes. With the proliferation of customer
touchpoints, it is important to have a centralized Knowledge Hub that is in
consistent use to make sure that the customer gets the single right answer
regardless of channels or even regardless of agents serving a single channel.



 * Knowledge in action The telco client mentioned earlier leverages the same AI
   technology and omnichannel knowledge hub across its contact centers and
   hundreds of retail stores to deliver single right answers fast, regardless of
   touchpoint!


ANNUAL TRAINING HOURS (ATH)



Agent roles continue to become more complex. They are in perpetual training mode
even as attrition remains in an unpleasant 35-50% range, exacerbated by the
recent pandemic. It’s no wonder that consumers point to knowledge-related issues
as the main sticking point in getting good customer service. How do you reduce
training needs without compromising service quality? Again, KM delivers the
answer.



 * Knowledge in action With CBR/AI technology, a leading global bank was able to
   reach the #1 spot in customer service NPS and reduce ATH by 50%, even as it
   expanded to 11 countries with mostly novice agents in its workforce! With the
   same technology, a telco reduced induction training time by 43% and
   accelerated speed-to-competency by half. Note that reducing the need for
   training also reduces shrinkage, which is the amount of time lost due to
   training, agents’ breaks at work, sick time, holidays, etc., another commonly
   used contact center metric.


CALL / EMAIL / CHAT DEFLECTION



Customers increasingly prefer self-service, and contact centers benefit from it
as they look to cost-effectively meet increasing demand for service. However,
robust KM is critical to delivering smart digital self-service. One of the
popular metrics for measuring digital self-service effectiveness is the number
of calls/emails/chat requests successfully deflected.



 * Knowledge in action Contextual and intelligent self-service, backed by our
   knowledge hub, enabled a retailer to deflect up to 60% of email requests,
   while a media and legal services giant deflected 70% of requests for
   agent-assisted email and chat customer service!


PRODUCT RETURNS AND EXCHANGES



In today’s hypercompetitive marketplace, many branded manufacturing firms,
retailers, telcos, and others, accept product returns or exchanges, and eat the
costs in processing them. Called by various names depending on the industry—No
Fault Found (NFF), No Trouble Found (NTF)—many of these returns and exchanges
are unwarranted where the products were not faulty but the customer thought so
(and the contact center could not resolve the problem.) NFF costs many
organizations tens millions of dollars each year, but here’s the good news: KM
can address this issue head on.



 * Knowledge in action A large telco has reduced unwarranted handset exchanges
   by 38% using AI-powered problem resolution for the consumer at its contact
   center, while improving FCR by 19% and call quality by 23%!


DISPATCH AVOIDANCE RATE



Unresolved problems that could have been avoided with smart problem resolution
through the contact center result in unnecessary truck rolls or engineer
callouts. Depending on the industry, each such visit can cost from a couple of
hundred to a few thousand dollars, biting into the business’ operating margin.



 * Knowledge in action With our Knowledge Hub, powering its contact centers and
   their website, a leading white goods manufacturer was able to save tens of
   millions dollars every year by reducing such wasted truck rolls. A water
   utilities firm was able to save ~$5M per year by reducing unnecessary
   engineer callouts, and even improved FCR by 30%!

These metrics are only the tip of the iceberg. There are other areas transformed
by KM, including agent churn reduction, regulatory compliance, reduction of
website abandonment, customer journey progression, and softer metrics like agent
morale and customer satisfaction.

Not to channel Francis Bacon, it’s true that some technologies improve customer
service on the margins, some enable incremental improvement, and only a handful
actually transform it. KM, infused with AI, is a technology that clearly falls
into the last category!

So, read, bookmark, download this article where we show you sample metrics and
corresponding real-world examples from our prestigious clientele about the value
of KM in customer service. While we discussed KM in the context of contact
centers, needless to say that it can transform other organizations in the
enterprise. Talk to us about your goals for this year and beyond—we look forward
to the conversation!

CONTACT USDOWNLOAD PDF



SIGN UP FOR OUR EMAILS

Keep up on product enhancements, thought leadership, and best practices. Enter
your e-mail address and subscribe to updates from us.
SUBSCRIBE TODAY

ABOUT US

 * Careers
 * Investor relations
 * Privacy Policy
 * Cookie Policy
 * Terms of Use

CONNECT WITH US

 * Contact Us
 * Contact Support
 * Community Forums
 * Cookie Consent Preferences

FOLLOW US

 * 
 * 

Print
Commitment to Accessibility
eGain is committed to serving all customers, including those with disabilities.
Our website is currently undergoing redesign to comply with the Web Content
Accessibility Guidelines (WCAG) digital accessibility standards, and we invite
your feedback. If you have difficulty using any aspect of our site, please email
us. You can also call us at +1 408 636 4500 (USA) or +44 1635 800087 (EMEA) for
information about our products, placing orders, or for any of the other services
that customers can access online through our website.
Copyright © 2024. eGain Corporation. All Rights Reserved.