Past Lithys (old format)
Check out Lithy entries from previous years.
Company: Barclaycard US Entry submitted by: Jared Young (jaredyoung) Sr. Director, Consumer Markets Community: Barclaycard Ring (www.barclaycardring.com) Lithy category: Best Business ROI _________________________________________________... See more...
Company: Barclaycard US Entry submitted by: Jared Young (jaredyoung) Sr. Director, Consumer Markets Community: Barclaycard Ring (www.barclaycardring.com) Lithy category: Best Business ROI ___________________________________________________________________   Barclaycard Ring MasterCard © is a very simple credit card product with a low interest rate, simple terms and no annual or balance transfer fees. But what sets Barclaycard Ring apart is its use of online communities in an innovative way to talk with card members about the product and how it should evolve. The Barclaycard Ring team also developed the industry’s first profit sharing program with card members, called Giveback™. This aligns the interests of both bank and card member like never before and opens the door for both to advance the cause of charities. And to help crystalize the trust, the team posts the financial statistics for the program on the website and discuss the results each month.                                                           While less than 10 months old, Barclaycard Ring’s innovative credit card community is already showing signs of revolutionary success:   Gross Income has increased for Barclaycard by > $500K since the launch of the program.   The business ROI of Barclaycard Ring has benefited others as well. The Ronald McDonald House received $10,000 donated by the community through our Giveback program.                                     The future for profitability looks even brighter as community engagement level is driving significantly different card behaviors.  Superusers and engaged community members give Barclaycard more of their business, are less likely to close their account and are significantly more likely to pay their bill on time.  The results are staggering:                                                                                                               There is no better evidence perhaps than continued investment in branded community – based on the success of Barclaycard Ring, Barclaycard is launching a new travel community focused on servicing the specific needs of its traveling customer base.  
Company: YouSendIt Entry submitted by: Ashish Seth (ashcool) Cloudsquads CEO and Founder Community: YouSendIt Community (support.yousendit.com) Lithy category: Best Business ROI ________________________________________________   At Y... See more...
Company: YouSendIt Entry submitted by: Ashish Seth (ashcool) Cloudsquads CEO and Founder Community: YouSendIt Community (support.yousendit.com) Lithy category: Best Business ROI ________________________________________________   At YouSendIt, our #1 goal as an organization is customer satisfaction.  Prior to deploying Lithium, we did not offer any support to our free users.  With Lithium, we now have various ways to provide support to free users.  This results in customer retention and increased brand equity because their positive experience propels them to recommend us to other users or pitch us in enterprise conversations.                                         The rate of support calls that come to our team should be lower than the rate of our company’s growth - basically call deflection is very important.  In 2011, case volume growth was 4% per month.  Lithium was implemented by Lithium partner, Cloudsquads, in December 2011, and in 2012, the case growth rate was decreased to 2.5% a month.  Customers want to get their answer quickly and efficiently.  Call deflection is good for the customer too as it gets them the answer they want quickly and the way they want it. When we rolled out, we saw a immediate 20% drop in call volume simply due to the much improved self-help options.  Phone calls are the most expensive support ticket to take, and we were able to take what could have been a 20% cost savings and reinvest into delivering an even better support experience, which translates to more product virality and higher lifetime value of our customers.   Since our deployment of Lithium and some of the customizations that CloudSquads has made, we’ve been able to significantly slow the incoming rate of new cases, and in turn manage the many costs associated with scaling our call center, while at the same time meeting our #1 objective of delivering an exceptional customer experience.
Company: Joe Mobile Entry submitted by: Laurent Partouche (lpartouche) Community Manager Community: Joe Community (communaute.joemobile.fr) Lithy category: Best New Community ______________________________________________________________... See more...
Company: Joe Mobile Entry submitted by: Laurent Partouche (lpartouche) Community Manager Community: Joe Community (communaute.joemobile.fr) Lithy category: Best New Community ___________________________________________________________________   Joe is a new kind of Mobile operator. Real-time, full control over your budget, Joe allows you to finally take control of your phone plan.   Joe is also community-based. It means that the community is at the heart of its business model and allows for very lean operation when it comes to customer support.   Obviously it is easier to achieve this result when it's in your DNA right from the start rather than switching from a regular business model to a cooperative one.   That being said, it might have failed and we could have been flooded with support requests from angry users dying to find an answer to their legitimate questions. Fortunately this has not happened, in fact it's quite the opposite since with a satisfaction rate of 92% and an NPS score of 44 just two months after the start of our operations, our customers seems to be quite happy with their customer experience.   Let's dive into some numbers. There are 3 ways to find an answer with Joe :   1) Search the community. Chances are your question has already been asked, but also already answered. With 80K searches since the community started, this seems to be the preferred and most effective way to find your answer.   2) Open a topic : 3K new topics have been opened in the Help sections of the community (I voluntarily left out the "Café" section dedicated to off- topic discussions).   3) Fill out a support form : 2.5K have been opened so far. These are treated by our support agents via a dedicated channel and depending on the difficulty, are escalated to Level 3 support.                                           So how much have we saved ?   Again this is hard to tell since we have no prior comparison point. What we can say however is this :   We have to first make an assumption on the efficiency of the search tool. Let's say, that only 10% of searches guides the customer to the answer he is looking for (we think it is a conservative number when we look at the search terms that are most used). If we assume this hypothesis to be true, that's 8K support "cases" (10% of 80,000 searches) that would get solved without any further interaction with either the community or our support staff.                                                     All in all, this would mean that, out of the 13.5K support cases that you get if you add up 10% of the search to new topics and support forms, only 18.5% of those cases incur a direct cost for Joe (the support staff). That would be quite a compelling result in our opinion and truth is that we have not been forced to hire more support agents so those figure seems to be spot on.      Of course you should take into considerations all the efforts and staff needed to make sure that the community is indeed active and effective but in the long run, it will be more effective to have a few community managers rather than line up support agents that solve cases one by one.   One last takeaway. The community can handle the first level of support effectively because our system is simple and transparent. We don't have the burden of legacy IT or aging tariff plans. That allows the community, in most cases, to know the answers. We have worked a lot to have a simple process and make most information available directly to the customer via self-service. The best way to cut costs on support costs is to take away the root cause of calls.