Unique Functionality to Support Businesses Navigating Increased Regulation and Risk Now Available within Aptean Respond
ALPHARETTA, Ga., Dec. 07, 2020, a global provider of mission-critical enterprise software solutions, announced enhancements to its case and complaint management platform, Aptean Respond, including a first-to-market consumer vulnerability detection feature. This important new capability helps organisations deliver superior customer service that also meets key regulatory requirements for fair treatment and appropriate support of customers that may be experiencing vulnerability due to varying personal circumstances or life events.
This year, the UK's Financial Conduct Authority-individuals who, due to their personal circumstances or life events, are especially susceptible to harm. The research, which was conducted before the start of the coronavirus pandemic, showed that 24 million UK citizens displayed one or more characteristics of vulnerability, including mental and physical disabilities, long-term illness, age, socioeconomic and behavioral characteristics and personal situations.
Due to these findings and effects of the pandemic, the FCA recently updated its guidance on the fair treatment of vulnerable customers, urging firms to pay greater attention to the needs of customers who are undergoing severe challenges. Other compliance regulators, such as the Australian Securities and Investments Commission (ASIC), also require financial firms to take steps to identify potentially vulnerable customers, understand their needs and provide fair and appropriate support and services.
Recognising vulnerability is a critical area of complaint handling for any business that is invested in treating all customers fairly. However, in contact centers, where frontline staff may lack experience in identifying signs of vulnerability, early warning signs can be easily missed during the case handling process. The first solution of its kind, Aptean Respond's Consumer Vulnerability Detectionfeature is a built-in text analytics tool that scans all inbound electronic customer communications flowing through the platform, flagging signs of potential vulnerability and alerting case handlers to provide the customer with appropriate support.
"Current circumstances have increased risk for many vulnerable customers, with some experiencing new vulnerability for the first time in their lives," said Martin Wagstaff, Group Vice President at Aptean. "In order to address this daunting rise in vulnerabilities, firms must place greater effort towards identifying vulnerable customers and meeting their needs. The new Consumer Vulnerability Detection feature in Aptean Respond significantly enhances the ability to recognise potential vulnerability, helping firms treat these customers fairly and keep in compliance with regional regulators."
To learn more about how Aptean Respond and its new enhancements can protect your business from risk and improve the customer experience, click here.
About Aptean
Aptean is one of the world's leading providers of industry-specific software. Our enterprise resource planning and supply chain solutions are uniquely designed to meet the needs of specialised manufacturers and distributors in over 20 industries, while our compliance solutions serve specific markets such as finance and life sciences. In total, Aptean's solutions are used by over 6,000 customers around the world. With both cloud and on-premise deployment options, Aptean's products, services and unmatched expertise help businesses of all sizes to scale and succeed. Aptean is headquartered in Alpharetta, Georgia and has offices in North America, Europe and Asia-Pacific. To learn more about Aptean and the markets we serve, visit www.aptean.com.
Aptean is a trademark of Aptean, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.
For Media Inquiries Please Contact
Nicole O'Rourke
Chief Marketing Officer
Nicole.Orourke@aptean.com
(770) 715-0362
