Business Solutions for the Retail Industry

Consumer & Retail

Brand reputation and customer sentiment are at the heart of what makes consumer product and retail companies thrive. To remain competitive, these companies need to demonstrate excellence in manufacturing, logistics, customer service, and communications.

Achieving this requires a level of agility and adaptability that Exela is uniquely positioned to offer through digital technologies specifically designed to transform business operations for the largest consumer brands.

At Exela, we believe that business management solutions aren’t truly solutions unless they’re unified, built with intelligence, and tailored to fit your whole organization. So, we provide interconnected solutions that help you develop your products and services, automate your accounts payable and receivable, fine-tune your marketing, and enhance your customer experience so that you can effectively manage your brand.

industry circles consumer

Exela helps consumer and retail companies manage supplies, information, facilities, customer experience, and more.

Industry Credentials
Content

Of The World’s Largest Retail Chains

Value
4/5
Content

Years In Business

Value
30 +
Content

Customers Worldwide

Value
4,000 +
Content

Global Employees

Value
17,500+

Drive Better Customer Experience With Exela’s Four Quick Tips

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Everyone knows the pain and suffering of waiting on hold for a customer service representative after following a winding, push-button menu of too many options that simply lead to another tier of options. What if your customer service system could anticipate needs and anticipate potential issues to get your customer to the right place faster? In order to do so, the customer experience (CX) needs to be at the forefront of your digital business decisions – this includes combining technology with the people who define your company for the best balance going forward.

A newly designed app might seem like the perfect solution at first, as it encourages mobility and ease of use. However, that app won’t mean much if your back-office processes aren’t up to speed and ready to tackle a new approach to the CX as well. All of your data needs to be accessible to create a big picture view, from the front end to the back office. Adding technology to the process is a great step, but the infrastructure behind it needs to be there – people are your biggest asset. Exela’s primary goal is to empower your workforce using technology, not replace your workforce with technology. After all, people still do many things better than machines, such as making value judgements, synthesizing knowledge over time to make decisions, or provide a level of stellar service to boost continued customer loyalty. Machines are great helpers in the process, and once you apply AI to the more basic processes, it frees up your workforce to focus on tasks only they can perform.

Following are four quick tips from Exela on how to integrate tech with your workforce to create the best in CX.

    1. Use AI and bots to help with the smaller issues.

Easy and quick tasks, like changes in shipping address, updating customer contact info, or providing suggestions to your customers based on previous purchases, can be outsourced to chat bots or virtual assistants such as Exela’s iCRM, an intelligent virtual agent to help automate customer service. Let AI take those smaller jobs off your plate and free up time for more complex interactions and duties.

    2. Make sure all your departments are communicating with each other.

This might sound like common sense, but it can be hard to do, especially in larger companies where different departments may reside in different physical locations and time zones. Get everyone on the same page and on board with your digital transformation.

    3. Realize that to unify tech and workforce, it might require a big cultural shift.

Individual, siloed departments are often the norm and can create internal barriers. Implementing effective and high-quality CX depends on an integrated approach that involves everyone. If you use an end-to-end approach with your customers, you should also do so when deploying new technology platforms within your organization. Help shift company culture to embrace your new layer of technology.

    4. Transform the CX by making it personal, customized, and easy to use.

Choosing a provider for your new CX initiative is just as important as implementation! Exela’s platforms and solutions transform the CX by making it personal, customized, and easy to use. This sets us apart, as we can either work with your existing legacy software or provide you with a new system. While you’re thinking about how to optimize customer experience, Exela is working to drive your digital transformation to achieve the results you’re looking for.

Now that you’re in the know, you can start thinking about the best ways to take your CX to the next level by adding an efficient technology platform to your roster or integrating one with your legacy systems. While most businesses are trying to figure out just how to optimize their customer experience, you’re on the road to turning thoughts into actions, and actions into an increase in sales and retention, all while empowering your workforce to work more seamlessly within the digital economy.

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Amy Imhoff
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Industry Solutions

Retailer Uses Digitization to Transform Human Resources

Case Study Featured Content

How one national retailer’s growth strained the HR department before Exela helped them digitize.

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Human Capital Management
Features & Benefits
CHALLENGE:

A nationwide retail organization’s expansion and workforce growth placed a huge strain on their internal Human Resources department’s ability to maintain a sufficient level of efficiency and quality of service. Managing and storing paper-based records presented a daunting task as the number of storefronts continued to increase. In particular, they were having difficulty with ongoing recertification of expiring employee documents and the ability to generate timely reporting for auditors.

SOLUTION:

Exela’s solution was to digitize all existing employee records, and to implement entirely digital onboarding and record-keeping procedures. This solution included a customized onboarding workflow for new hires, added system functionality that addressed the tracking and management of expiring documentation, and dynamic dashboarding capabilities for Human Resources managers.

BENEFITS:
  • Unified and centralized employee records and associated documents

  • Instant online access to all corporate documentation

  • Improved compliance and legal oversight

  • Rapid information retrieval capabilities

  • Greatly simplified auditing workflows

  • Eco-friendly solution that supports the company’s “green” initiatives

How Smart Lockers Help Retailers

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Facility & Logistics
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In the midst of a strong economy, U.S. retailers have announced more than 8,200 store closings this year, which is well above 2017’s record-shattering 6,700 and only a fraction of the 12,000 that experts forecast will close before the end of 2019.[1] Store closings affect not only the retailers themselves. Store closings give rise to layoffs. Layoffs give rise to unemployment. Unemployment gives rise to budget-tightening. Budget-tightening inevitably has a damning effect on consumer shopping habits. If this is the situation in a strong economy, it’s not unreasonable to fear what’s ahead for the retail industry if the U.S. were to slip into recession-mode, as some economists fear it might sometime in the next 12 months.

Intelligent Lockers For Retail

 

If you can’t beat ‘em…

If the main reason for the so-called “retail apocalypse” is, as many analysts assert, that Americans are shunning brick-and-mortar shopping for the convenience, efficiency, and flexibility of online shopping,[2] then it may be that the solution is to accept the problem and work within its confines. What that means is finding ways to optimize the customer experience vis a vis brick-and-mortar shopping. In fact, there’s been some movement toward this, with some retailers, including Macy’s and Restoration Hardware actually increasing their investment in their brick-and-mortar assets.[3] Some are putting their money into spiffing-up their spaces, but others are going a step further, embracing “if you can’t beat ‘em, join ‘em,” by using their brick-and-mortar stores to facilitate their online business.

 

Intelligent Lockers bridge the gap between online and brick-and-mortar

Among the most promising ways retailers are using tech to the advantage of their brick-and-mortar locations is by installing automated locker systems that offer the best of both online and brick-and-mortar shopping. These systems consist of banks of individual “smart” lockers” (which is to say, electronically enabled and internet-connected) of varying sizes (to accommodate varying sizes of merchandise). These have many uses in business but have a specific and significant value in retail: to bridge the gap between online and brick-and-mortar shopping to allow customers the greatest flexibility with regard to designing their own shopping experience. Here are just a few ways that works:

 

Buy-online, pick-up in-store (BOPIS)

One-day delivery was certainly a nice idea when Amazon introduced it. However, in practice, it’s rare for something you order online to actually arrive at your door the next day. BOPIS permits customers to shop online to their heart’s desire and then pick up their haul as quickly as immediately at the retailer’s local locker hub, without having to interface with a store employee.

Not all consumers want to pick up their packages personally, but many do for reasons that include the avoidance of “porch piracy” (theft of packages left “at the front porch” of their home, which is becoming an increasing risk in the online shopping economy), enhancing privacy (does the UPS guy really need to know you bought that thing from that vendor?), and, of course, the primal desire for instantaneous gratification (you ordered it now, you want it now; you just don’t want to have to deal with snarky employees, lines at the register, and whatever else annoys you about in-store shopping.

 

Buy online, return in-store

You bought a great shirt online, and it is great, but it turns out you aren’t keeping the slacks you bought it to go with. Instead of repacking the shirt, printing a label, and depositing it at a courier, you can simply return it at the brick-and-mortar’s locker hub, without spending a moment online at customer service.

 

Buy online, exchange in-store

Same shirt, different problem: you love the shirt, but it pulls at the shoulders. You don’t want to return it; you just want to size-up. With smart parcel lockers, all you have to do is to key in the size you desire into your smartphone or computer, et voila, it’s waiting for you in a locker assigned to you for the transaction.

What’s good for the customer here is also good for the retailer. In addition, intelligent lockers in the retail context enable more business to be transacted without additional employees. Down the line, it can mean fewer customer-facing employees altogether. It can also mean less inventory on the shopping floor, which will reduce theft and damage to merchandise. Click here for more information on Exela Intelligent Lockers and how they can optimize your retail business. Want it in printable format? Click here .

Author Name
Lauren Cahn
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