Crédit Mutuel Factoring boosts customer engagement with AI-driven insights

Success Stories
April 3, 2024

The Objective

Crédit Mutuel Factoring, a major player in the French factoring market, faced mounting pressure to enhance customer experience in an increasingly competitive landscape.  Traditional call centers, burdened by high volumes of inquiries, struggled to provide timely and efficient service, leading to customer frustration and increased operational costs.  Moreover, evolving customer expectations demanded 24/7 availability and personalized interactions across multiple channels.  Crédit Mutuel Factoring recognized the imperative to modernize its customer service operations, seeking a solution that could address these challenges while improving efficiency and controlling costs. They wanted to focus on providing an efficient and innovative service to VSEs and SMEs.

The Solution

AI-Driven Customer Engagement

Crédit Mutuel Factoring selected dakAI, a specialist in bespoke AI solutions, to develop and implement a next-generation customer service solution powered by advanced conversational AI.  The project focused on deploying intelligent virtual assistants, capable of understanding natural language and engaging in contextual conversations with clients.  This collaborative effort leveraged dakAI's expertise to create a tailored solution aligned with Crédit Mutuel Factoring's specific needs, and those of VSEs and SMEs :

Phase 1 - Understanding the customer journey and defining use cases

dakAI's team worked closely with Crédit Mutuel Factoring to map the customer journey, identify key pain points, and define the most impactful use cases for the virtual assistants.  This included analyzing call center data, reviewing customer feedback, and conducting workshops with customer service representatives.

Phase 2 - Developing custom AI-powered virtual assistants

dakAI developed bespoke conversational AI models, leveraging advanced natural language processing and generative AI techniques.  These models were trained on a vast corpus of data, including past customer interactions, FAQs, product documentation, and specific factoring processes, enabling them to understand a wide range of inquiries and respond accurately and appropriately.  The virtual assistants were designed to handle common requests, such as balance inquiries, invoice status updates, payment information, and to guide clients through various factoring services. These agents have been specifically trained to accompany and support VSEs and SMEs. They guide them and provide advices on the best solutions.

Phase 3 - Omnichannel integration and continuous improvement:

The virtual assistants were seamlessly integrated into Crédit Mutuel Factoring's website, mobile application, and other digital channels, providing 24/7 availability and a consistent user experience.  A robust feedback mechanism was implemented to continuously monitor the performance of the virtual assistants, identify areas for improvement, and retrain the AI models with new data, ensuring ongoing optimization and adaptation to evolving customer needs. The platform is designed to scale and to handle the specific, and sometimes complex, needs of VSEs and SMEs.

Improved Customer Satisfaction

Clients now enjoy instant access to information and support, leading to a measurable increase of 20-30% in the Net Promoter Score (NPS) among users of the virtual assistant.

Reduced Call Center Volume

The virtual assistants effectively handle a large proportion of routine inquiries, resulting in a 30-40% reduction in call volume to the contact center.

Increased Agent Productivity

By handling routine inquiries through AI-powered virtual assistants, call center agents' efficiency has seen a 15-20% improvement. This allows them to focus on more complex and valuable customer interactions, enhancing the overall quality of service. They can dedicate more time to supporting VSEs and SMEs.

The Result

Customer satisfaction

20-30%

increase in Net Promoter Score

Efficiency

30-40%

reduction in call volume

Productivity

15-20%

increase agent productivity

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