AI Case Study
CenturyLink uses email based conversational agents to automatically contact, nurture, qualify and assign hot leads to sales reps with a 2000% ROI
CenturyLink, a large US telco provider, generates thousands of sales leads. It is challenging to be able to contact and qualify to identify hot leads. Implementing an email based conversational agent from Conversica AI, 30,000 emails are sent monthly to leads. The agent is able to classify answers to 99% of those emails and then qualifies and routes the leads to appropriate sales reps. It is claimed that the ROI is 2000% for the 40 of out of a total of 1,600 sales reps who are using the solution.
Industry
Financial Services
Real Estate Trusts And Services
Project Overview
Following a minority investment in conversational agent company Conversica AI CenturyLink "sends about 30,000 emails a month and interprets the responses to determine who is a hot lead." The agent "sets the appointment for the appropriate salesperson and seamlessly hands off the conversation to the human.
"The potential customer gets a prompt and helpful outreach from the agent, and the reps — who may each have 300 accounts — save time because the agent vets the inquiries to identify the ones with the most potential. The reps also become more efficient because the agent routes the right leads to the right reps."
Reported Results
In the small pilot the agent "could understand 99% of the emails" with the other 1% routed to humans. "40 reps out of 1,600 sales people are using and it is generating $20 in new contracts for every dollar spent on the system."
Technology
Function
Marketing
Communications
Background
"CenturyLink is one of the largest telecommunications providers in the United States, serving both small and large businesses nationwide. The company collects thousands of sales leads from the businesses it serves, and it wishes to interact with them in the intimate, personal manner consumers have come to expect. Pursuing those leads more effectively would accelerate the company’s growth, and converting and upselling a larger percentage of hot leads (people who have expressed interest in the company’s services by filling out a form, clicking on an ad, or emailing the company) would boost the company’s bottom line."
Benefits
Data