Genesys continued its impressive performance with a strong start to 2024. The company has reported that Genesys Cloud has exceeded $1.5 billion in annual recurring revenue and marked a 40% year-over-year growth.
Innovation Driving Customer Satisfaction
Genesys has recently rolled out several new features aimed at improving the customer experience. Genesys Copilots, Virtual Agents, a Modern Agent Desktop, and Empathy Detection are all designed to empower contact centre agents.
These tools help agents provide real-time assistance and automated support, reducing manual tasks and allowing them to focus on high-value interactions.
The integration of native journey management capabilities is also a potential game-changer. It allows businesses to deliver AI-powered experience orchestration, ensuring that customers receive consistent and personalised experiences across all touchpoints. For the end user, this translates to smoother interactions and faster resolutions to their queries.
Tony Bates, Chairman and CEO said that Genesys have continued their impressive track record of growth as they make bold moves to help their customers achieve increased loyalty and revenue.
“Through Genesys Cloud and our industry-leading AI, we’re paving the way for a future where universal orchestration can transcend customer-facing activities across the front and back offices, enabling organisations to reimagine the contact centre, customer and employee experiences, and their business overall.
With our unmatched experience orchestration capabilities and clear vision forward, our customers have confidence that Genesys will prepare them for a new era of AI.”
Transforming the Contact Centre Experience
Genesys Cloud saw a significant uptick in new bookings, especially from standalone AI products. This includes a notable seven-figure AI annual contract value (ACV) with an as-yet-unnamed major community service and wellbeing organisation.
With over 40% of Genesys Cloud’s nearly 6,000 customers, including big names like Coca-Cola Bottlers’ Sales and Services, PureGym, and Beyond Bank, using the platform’s AI features, the industry is seeing a move towards highly personalised and loyalty-building interactions; a significant step forward in creating more meaningful and efficient customer engagements.
Enhancing Global Engagement
Genesys Cloud’s availability in 20 AWS Regions highlights its ever-growing global reach and impact. Companies such as Instacart and The Trevor Project in North America have leveraged Genesys Cloud’s AI-powered solutions to enhance agent experiences and optimise operations, resulting in a faster and more efficient service for end users.
In Latin America, Santander Brazil’s move to Genesys Cloud has improved both customer and agent experiences, demonstrating how these advancements can streamline operations and enhance satisfaction.
European companies such as Almosafer and LKQ Euro Car Parts have also adopted Genesys Cloud to better engage with customers, resulting in more seamless and effective interactions.
In the Asia Pacific region, notable implementations include Carnival Japan, Western Sydney University, Kiwibank, and Beyond Bank, all of which are said to have witnessed significant improvements in customer satisfaction and operational efficiency.
What Does This Mean for Your Contact Centre?
For contact centres, Genesys’ recent advancements offer a significant opportunity to enhance operational efficiency and customer satisfaction.
By integrating AI-powered solutions such as Genesys Copilots and Virtual Agents, contact centres can provide real-time assistance and automated support, reducing manual tasks and allowing agents to focus on more valuable interactions, which in turn leads to more personalised and empathetic customer engagements.
These enhancements promise to redefine customer and employee experiences, making Genesys Cloud an inviting tool for contact centres aiming to thrive in an increasingly digital landscape.
End users can look forward to quicker, more efficient, and more personalised service, while contact centres can benefit from improved operational efficiency and sustainability practices.
Author: James Groves
Reviewed by: Xander Freeman
Published On: 29th Jul 2024
Read more about - Latest News, Genesys, James Groves
