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Real-Time Speech Analytics from Verint Optimizes Customer Engagement with Actionable Intelligence

Wed Aug 24, 2016

Advanced Analytics Solution Helps Customer Engagement Centers Guide Interactions Toward Positive Outcomes, While Supporting Regulatory Compliance and Other Key Organizational Initiatives

MELVILLE, N.Y., August 24, 2016Verint® Systems Inc. (Nasdaq: VRNT) today announced enhancements to its Real-Time Speech Analytics solution. The software, which leverages conversational indicators and analyzes customer calls as they unfold, enables organizations to take a proactive approach to identifying opportunities to guide interactions for the mutual benefit of both the end customer and the organization. With the ability to positively influence customer interactions as they take place, companies can increase first-contact resolution, enhance the customer experience, manage policy and regulatory compliance and heighten satisfaction and loyalty.

Contextual Guidance at the Right Time

The sophisticated rules engine in Verint Real-Time Speech Analytics can identify the presence or absence of words and phrases, as well as the sentiment expressed. With rules functionality that supports a wide variety of word sequences —and proximity conditions that can identify situations in which a phrase is said at a certain point in the call or not recited when it should have been—the software can provide the right, contextual help and guidance to agents.

According to Donna Fluss, president, DMG Consulting LLC, “Real-time speech analytics is revolutionary because it has the potential to alter the outcome of a phone conversation while the caller is still on the line.”

Leveraging real-time insight as interactions unfold, customer service professionals can tap into the intelligence they need to support customer interactions and the drive toward successful outcomes. Likewise, organizations can further drive sales opportunities and closing rates, and enhance adherence to compliance requirements, such as government regulations, industry mandates and internal organizational policies.   

Convenient Real-Time Capabilities at Low Cost

Real-Time Speech Analytics is natively embedded in the Verint recorder to make it easier for customers to add it on at a lower cost of ownership, especially as service needs and demands change. The solution, which uses Verint’s new, purpose-built speech engine, combines phonetic recognition and full transcription of calls, and leverages advanced language understanding to deliver organizations the insights they need with even greater speed and accuracy.

Powerful Unified Combination with Verint Workforce Optimization

Organizations can further the value of Verint Real-Time Speech Analytics by using it as an extension of Verint Speech Analytics and Verint Desktop and Process Analytics. Customers can take advantage of the advance capabilities in Verint Speech Analytics by first identifying and understanding patterns of behavior and improvement opportunities, and then leveraging that knowledge to quickly and easily create guidance rules for real-time speech analytics. By honing in on specific call types and trends, companies can help create positive customer experiences, increase process adherence and drive desired outcomes. The addition of Verint Desktop and Process Analytics provides contextual awareness through a combination of desktop activity and transaction-related information in order to enhance rules, thereby increasing relevance and accuracy.

Real-Time Speech Analytics is part of Verint’s broader Customer Engagement Optimization portfolio, which is available in a variety of deployment models—including cloud and on-premises—giving organizations the ability to implement in the way that best suits their business needs.

About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, more than 10,000 organizations in 180 countries—including over 80 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.

This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2016, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2016, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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