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Call Centers: Doing More With Less: Why hosted call centers have FI executives rethinking outsourcing.

Even in times of economic difficulty two facts of business remain: customers still expect good service, and companies cant afford to lose them. Financial institutions may need to squeeze costs out of the enterprise as aggressively as possible, but ideally not so far that customers notice. It still costs more to acquire the average customer than to keep him, which means FIs cut back on customer service at their peril.

A logical area to look to improve on service and costs is the call center, which continues to bedevil FIs. Keeping up with the technology is no small tasknor is it cheap. Yet at many institutions the last big upgrade was 10 years ago, leading up to Y2K. The ...

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