In a hybrid, multi-platform world, organizations of all sectors need a reliable, cost-effective tool to monitor their business communication and collaboration, both in and out of the contact center. However, some challenges and requirements in that department are unique to organizations from the financial sector.
As a 15-year-old service and experience management provider, Nectar has provided service to some of the biggest names in the finance industry, many of which have been its customers for years.
I sat with Joe Fuccillo, Nectar CTO and Co-Founder, to dig into these sector-specific challenges and discuss how the Nectar DXP platform allows to tackle them optimally.
Monitoring a Multitude of Platforms
"Unlikeֹ most large enterprises, financial organizations work with an exceptionally large number of systems, as they've grown mostly through acquisitions," Fuccillo explains.
"So, it's not uncommon to see Cisco, Avaya, Teams, and Zoom all in one organization. Not to mention the fact that unlike other types of organizations, banks have unique Trader Voice requirements, which adds to the complexity."
Taking all this into consideration, having a single solution that can monitor, troubleshoot and provide actionable insights for such a diversity of platforms becomes a huge challenge.
"Vendor tools don't provide insights, nor do they alert in a uniform way," Fuccillo notes.
"Nectar's strength is in our ability to do just that. Our platform brings the premise world, the cloud world and the call recording world into one overarching story."
Full Network Visibility in a Work from Home Environment
Every organization today has to face the challenge of monitoring remote conversations. In the financial sector, this often becomes even more crucial, due to the immense monetary damage that a single poor call can cause.
When issues occur in the office, that's one thing. But what happens when they arise in a network we have no visibility into employees' homes?
"If you don't have a tool in place that provides you the visibility you need, figuring out the cause can be very expensive. But if that person who's experiencing issues is a revenue effecting, customer-facing worker – a trader, for example – that's even more severe," Fuccillo notes.
To that end, Nectar DXP provides granular visibility into call quality across all networks and allows to set alerts for high-value users and specific locations. During the pandemic, these capabilities proved to be a true asset for Nectar's clients.
