Oracle Utilities Customer Care and Billing The Top 5 Ways to Pump up Your Customer Engagement with Customer Program Management A NEW ERA OF CUSTOMER ENGAGEMENT We live in the Netflix world now, and we like it. Saturday Movie Night no longer means heading to the local video store and browsing endlessly for a movie the whole family will enjoy. Now it’s as simple as signing into our streaming accounts, scrolling through a thoughtfully trimmed list of suggestions perfectly tailored to our tastes, and pressing play. We’ve grown to love this: we get customized movie suggestions and have more time to focus on the important stuff, like popping the perfect batch of popcorn. Consumers have grown to expect this personalization. It’s this level of engagement that creates each customer’s experience, unique to her tastes and needs, designed to deliver the maximum impact for her life and the greatest benefit from the services rendered. And across industries, this translates into major gains for businesses: 86 percent of customers would pay more for a better customer service experience. This desire for personalization carries across into the utility industry. In order to delight the modern consumer, utilities need to deliver a positive customer experience in ways that resonate with the people they serve. In a survey of CS Week 2015 attendees, however, we found that nearly 50 percent of respondents reported the greatest obstacle to delivering a positive customer experience was a lack of technology available to support it. Customer experience is about achieving a level of engagement that makes customers feel nurtured, and that doesn’t necessarily require a major additional technology investment. Many savvy utilities have found that they can accomplish some amazing things in the customer experience arena by leveraging Oracle Utilities Customer Care and Billing Customer Program Management. Customers crave a utility that can deliver products and services to fit their needs. By introducing additional customer programs and services, utilities are able to truly nurture each customer by tailoring the experience to fit his or her unique needs. This is inextricably tied to customer satisfaction scores: in fact, as the number of programs and services a utility offers increases, so does its customer satisfaction score. And in a time when utilities around the world are facing stagnant or even declining load demand, these additional programs and services establish new revenue streams and areas for growth, a vital concern for today’s utility. So without further ado, we bring you the top 5 ways to pump up your customer engagement game with Customer Program Management. Enjoy. 1 # PREPARE CUSTOMERS FOR SEASONAL CHANGE Get ahead of those high bill questions before they start The changing seasons can bring magical moments, like watching the first winter snowfall, or running through the sprinkler on a hot summer day. But they can also bring some pretty hefty utility bills. And even though we crank up that heat winter after winter, or water the grass daily each summer, those high bills still somehow sneak up on us. Utilities can use Customer Program Management to make sure their customers are prepared this year. As the seasons begin to turn, take some time to map out the information or programs you think might be most helpful to your customers. Decide what type of information and services you’d like to offer to specific customers and tailor your interactions with them. Perhaps customers with older homes in your service area may benefit most from information on improving home insulation. Or if your summers are particularly hot, consider outreach during the spring to educate customers about the importance of an efficient air conditioner or offer air conditioner maintenance services. Steps you can take: »» Use an automated email campaign to get customers prepared for the seasonal changes. »» Add proactive, tailored messages to high usage bills as the seasons begin to turn. »» Segment customers so you can target those most at risk for harsh impacts of extreme temperatures with customized outreach. »» As you engage customers, track their interest in information and services so you can tailor future outreach campaigns taking their previous interest into account. # 2 OFFER SMART HOME DEVICES Let technology do the heavy lifting on savings We’ve entered an era in which our homes truly can be smarter than we are. Smart phone apps can control our lights from afar or lock our doors at the touch of a button. While there is a growing selection of smart home technologies in the market, programmable thermostats are great for utilities to leverage now. Programmable thermostats have proven their value and are fast becoming a must-have in many homes. These devices can have an immediate impact, reducing home heating and cooling bills by about 20 percent. Use Customer Program Management to offer programmable thermostats to your customers. Design a program to target the best candidates and set up an outreach campaign. If you’ll be offering customers a rebate for participating in the program, use Customer Program Management to help get the word out about this benefit. Steps you can take: »» Set up an outreach campaign to promote your smart thermostat program. »» Assign leads to sales representatives to manage the interaction with customers. »» Manage your application and rebate process through Oracle Utilities Customer Care and Billing. »» Coordinate ongoing engagement with participants to help them optimize thermostat performance and track their satisfaction with the program. »» Track program progress by reporting on participation levels, lead conversion rate, and more. # 3 PROVIDE ENERGY AUDIT SERVICES Be your customers’ fearless energy leader Many of us would like to reduce our energy spend and we know there’s room to do so, we just don’t know where to start. The task can be daunting, especially without guidance. Utility customers need a trusted energy advisor that can show them the quickest, cheapest, or most impactful ways to savings. Who better to be that energy advisor than you? Utilities can position themselves as their customers’ energy partner and nurture that relationship with trust and expertise. Decide which customers you would like to target for these services and how you’ll execute them: will you provide the consultation or will you coordinate a third-party consultation? You can even set up additional programs and services to offer customers based on the results of energy audits and continue guiding them to greater savings. Steps you can take: »» Educate customers with high usage trends on the value of an energy audit or consultation, whether through a call from an account rep, an email campaign, bill inserts, etc. »» When customers express interest, use Customer Program Management to schedule a consultation. »» Coordinate and initiate the appropriate field work and other tasks and use alerts to keep tasks moving forward. »» If you’re leveraging a third-party provider, manage and track their activity. »» Tailor follow-ups with customers to offer additional programs and services to best fit their needs. # 4 PROMOTE ENGAGEMENT CHOICE Snail mail to email and everything in between In today’s mobile world, consumers have more choice than ever in how they communicate and engage with the world. As varied as the customers themselves are, so are their preferences in how they engage with utilities and for what type of issues. For instance, according to an Accenture study, utility customers largely prefer low-touch channels for simple engagement like paying bills or learning about new energy services, while they tend to prefer high-touch channels for more complex engagement like resolving billing issues. Utilities can go a long way to support their customers’ communication preferences with an educational campaign. Do you use social media channels for outage updates or to promote programs? Make sure your customers know about it! Tell them about all of the ways they can engage with you, whether through social media, your online customer portal, email or phone. Take advantage of the preferences management capability in Oracle Utilities Customer Care and Billing and educate your customers so they can control when and how you reach out to them. Steps you can take: »» Create an email campaign or add messages to bills promoting ways to engage. »» Target high bills with tailored messages on how to access information on ways to save. »» Manage your customers’ various communication contact details, including do not disturb information. »» Promote your paperless billing program and get more customers using lower cost channels for simple engagement. # 5 LEVERAGE ANALYTICS TO IMPROVE PERFORMANCE Find out what works and do it more Across industries, one of the major challenges to improving customer experience is simply understanding what customers want. Without insight into what resonates with your customers and which of your efforts have been most effective, it can be difficult to realize long-term success in customer engagement. Customer Program Management can give you that insight. When you’ve decided how to improve customer engagement, be sure not to fall into a “set it and forget it” mindset. Track your progress, understand which messages are capturing your customers’ attention, programs and services about which they’re most enthusiastic, and how those programs are impacting their overall customer experience. When you’ve found a program that works or outreach methods that are successful, keep them going. Nurture positive customer experience with ongoing improvements to your customer programs and services. Steps you can take: »» Track program performance including reach and lead-to-conversion rates. »» Capture detailed performance progress for specific customer segments. »» Use Customer Program Management to track customer satisfaction for those enrolled in programs. »» Proactively engage if a customer’s satisfaction levels decline. »» Use program performance and trends to tailor future outreach programs. ARE YOU READY TO PUMP UP YOUR CUSTOMER ENGAGEMENT ? With additional customer programs and services, utilities can drive a positive customer experience and nurture each customer with deeper engagement and tailored communication. Programs and services not only impact customer satisfaction, they also enable utilities to leverage additional revenue streams and service opportunities, a crucial need for today’s utility. Get Started: For more information about Oracle Utilities, visit oracle.com/goto/utilities or call +1.800.ORACLE1 to speak with an Oracle representative. Oracle Utilities Customer Care and Billing supports the entire lifecycle of utility customer services and products with Customer Program Management. Customer Program Management includes end-to-end process management features to drive more effective, successful customer programs. Copyright © 2015, Oracle and/or its affiliates. All rights reserved. Oracle and Java are registered trademarks of Oracle and/or its affiliates. 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