Why set up IVR (Interactive Voice Response)

Why Should Businesses Set Up An IVR- Interactive Voice
Response?
The IVR refers to Interactive Voice Response which is integrated into the call
centers to provide customers with self-help menus. It works on the DTMF input
entered by callers on their phone keypads. Today, IVR number has become
highly advanced and also works NLP-Natural Language Processing that uses
speech recognition- Text-to-Speech software to communicate with customers.
The software has many features and offers several benefits, but the main
reason to set up an IVR system is to provide customers the ease of quickly
resolving their queries. The menus are fully customisable, so businesses can
change menus to help their target audience find answers.
It is a fully-functional call management solution that businesses should adopt
to streamline call operations. The main function of the software is to offer
customers the best support, but there are several other benefits for which
companies must invest in the solution. Businesses can integrate the software
and provide an enhanced CX by offering quick query resolution.
How to Set Up the IVR?
Now that we are acquainted with the top reasons that provide insights for
adopting the IVR, it's time to understand how to integrate the software and
benefit from the various features. Cloud telephony companies like Knowlarity
are meeting these requirements for businesses and providing software
solutions with flexible payment plans at attractive prices.

Hosted IVR solutions are the need of the hour where a customer gets a
personalised call experience. The service provider will offer an automated call
management solution that will initiate the conversation with personalised
greetings. You can choose the type of IVR you need to address your
requirements.
The bot asks the callers a few questions and automatically connects them with
the particular department they are looking for. Hosted IVRs are secure and
offer streamlined connectivity to the agents. Security is a significant factor
when opting for a cloud-based call center. Cloud communication products
offer streamlined and better connectivity.
Types of IVR
There are two types of IVR available - single IVR in which the call is answered
with pre-recorded greetings or messages. The other type is a multi-level menu
system consisting of a hierarchical system that answers customer queries.
Callers get different options to resolve their queries from which they can
choose the desired option and connect to the department that will
immediately answer their questions.
How Does the IVR Setup Work?
The IVR setup works systematically, offering customers seamless query
resolution processes. They can get their queries resolved by the TTS- the
automated voice that guides the customer in choosing the best option to
resolve their queries. They can either choose the IVR menus that will connect
with the department they are looking for or speak to the company’s
representative to get quick answers to their queries. The call is routed via the
secured services of the service provider, and the customers get access to the
different menus and sub-menus.
They can choose from different options and get their query resolved. For
instance, when the customer calls on the customer care number - it can be a
toll-free number, and they are greeted by an automated voice with their
names. For instance, in the insurance sector, the IVR will be customised per the
customers' requirements.
So, the TTS will instruct the callers to press 1 for payments, 2 for learning
about the last 5 payments, 3 for product inquiry, 4 for speaking to the
customer representative, and so on. So, it is an entire hierarchical system that
provides a streamlined and efficient query resolution system.
Here the business can integrate multilingual support to convey the message
effectively to the customers. The software supports several languages, and if a
company is looking forward to engaging its audience in different
geographical locations, it can rely on the software solution. If businesses want
to connect with their international audience can choose the software to offer

an enhanced CX. The customers will correctly understand the communication
in their local/ native language and will not misinterpret the message.
IVR For Enhanced CX
Create a Professional Image: IVR number integration will increase the brand
value of a business. It greets the customers with a professional voice with the
Text-to-Speech software and ensures professionalism from the word go.
Customers perceive companies with the IVR system to be more established,
and the trust factor seeps into the communication.
Offer Omnipresence: Today customers are spoilt for choice as several
businesses offer the same services. So companies need to provide
uninterrupted customer support. They cannot afford to lose any leads and
must be present for their customers 24x7. The software can provide them with
the omnipresence they need. The multi-level menus are self-help menus that
customers can choose to get quick answers to their queries. So, the software is
one of the most effective ways to establish omnipresence and always stay
connected with customers and prospects.
Increase Operational Efficiency: The software is highly beneficial in reducing
the operational costs of call center operations. Customers solve most of their
queries with the self-help menus, and live agents don't need to be always
present to respond to their queries. They can easily solve their questions
themselves and the agents can focus on resolving more complex customer
issues. It saves time, and the business can get a high ROI with its limited
workforce.
Branding: Businesses can choose from VIP IVR numbers that sync with their
brand. It will create a solid brand image that will resonate with their values
and ethos. It will create a high recall value among the customer and the
prospects.
Grab Data Insights: The software helps to get data insights into the call
operations enabling informed decision-making. The software offers real-time
reports on call performance, and businesses can monitor the calls. They can
increase profitability by making the best decisions to maximise revenue.
Streamline Call Operations: The software helps streamline call operations by
blocking unwanted calls, focusing on critical customers, and providing high
customer satisfaction.
Better CX: Businesses can transform the otherwise mundane communication
process into an interactive session. They can provide a personalised
experience via welcome greetings and include custom hold music. The
software can also provide multilingual support. So it breaks the boundaries of
language and allows the customers to understand the communication and
respond better.

Respond to More Callers: The software enables a business to attend to a large
number of callers. So, it reduces the customer wait time drastically, helping the
agents convert more leads. Businesses can handle large call volumes
simultaneously by connecting to multiple customers automatically using the
multi-level IVR contact number. It brings more efficiency into the call
operations and streamlines the process.
Call Recording: Companies should use the software to understand the call
center's performance. The call logs will enable businesses to understand the
customer's pain points. They can know about the most prominent issues faced
by the customers and make adequate changes in their strategies and policies
to provide high customer satisfaction. The call recordings also help the
business learn about the agent's performance and know their query
resolution skills. Companies can gauge their performance on various call
center KPIs. They can improve their performance by providing the required
training and enhancing their skill sets.
Conclusion
The IVR is a beneficial product and serves different purposes. Businesses can
use the software to create a professional image, omnipresence, reduce
operational costs, etc. Many cloud telephony companies are offering the IVR
system at the best prices. Choose a reliable company with goodwill in the
market that can provide the best solution at a competitive price.