Banregio

Soaring response rates with Feedbackly

Company background

BanRegio first started operations in Monterrey, Mexico in 1994. Formed by a group of banking experts with a vast range of experience in the industry, they set out to become leaders in the financial sector focusing mainly on the needs of Small and Medium Enterprises (SME). BanRegio is growing fast, with over 3,000 employees nationally and having acquired Autosummit and GE Capital in recent years they are quickly becoming one of the leading banks for Entrepreneurs and SMEs in Mexico.

What were BanRegio’s main challenges?

BanRegio realised that to set themselves apart from other banks in their sector, they would need to focus heavily on their customers and create an industry leading customer experience, starting by their branches. Their aim was to set KPIs for each branch that were measurable and would allow management to monitor customer feedback throughout the entire customer journey in real time at branch level. However, without the help of customer feedback software like Feedbackly it would have been very difficult to set and manage KPIs as the results would be very difficult to track.

As BanRegio did not have a multichannel customer survey system in place at the time, gathering data became quite challenging and response rates were too low to define any actionable results. With very little feedback and no way to properly analyse the results, management were faced with the challenge of designing new processes to improve customer experience but with very little valid data to base those decisions upon.

Why Feedbackly?

As Feedbackly has a multichannel approach to gathering customer feedback and allows its users to analyse data throughout the entire customer journey from one easy dashboard, it was the perfect tool to help BanRegio set and manage actionable customer KPIs for their management teams. With an easy to use interface and incentives for customers to leave feedback, BanRegio saw the potential to raise their response rates and gather more real-time data that could be used to improve processes and help them to develop a world class customer experience for their customers.

Results

Since working with Feedbackly, BanRegio have seen their response rates increase quickly across all of their customer touchpoints, providing them with more accurate, up to date information. They have set up a successful branch kiosks, SMS and email survey channel with a much higher response rate of 12%, which has given them a far broader range of responses to better understand their customer base as a whole.

With higher response rates and Feedbackly’s analysis tools at their disposal, management have been able to set more realistic and segmented KPIs, monitor exactly how their customer experience is progressing across all channels and take action when it is needed the most to best suit their customers’ needs at branch level.

 

“With Feedbackly we have been able to set and monitor new KPI’s (measuring every step of our customer Journey Map), take new actions and improve our service and customer attention at branches level”

José Enrique Treviño Cervantes, Innovation Director @ Banregio

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