Trending December 2023 # 7 Best Virtual Receptionist Services Companies (2023) # Suggested January 2024 # Top 20 Popular

You are reading the article 7 Best Virtual Receptionist Services Companies (2023) updated in December 2023 on the website We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested January 2024 7 Best Virtual Receptionist Services Companies (2023)

Virtual receptionist services help businesses that need agents 24/7 but have cost restrictions. Virtual agent service provides live human and auto-attendants to deal with callers.

These receptionists manage communication mediums like calls, emails, sms, etc. To help you choose the best virtual receptionist, we compiled a list of top companies after extensive research.

Best Virtual Receptionist Services for Small Business

Best overall virtual receptionist services

GoAnswer is a virtual receptionist provider that handles phone calls, web chat, emails, SMS, and outbound telemarketing calls. It provides services for industries like e-commerce, legal, real estate, finance, healthcare, publishing, etc. This provider has a multichannel contact center, so you can tackle all channels during and after business hours.

This virtual receptionist provider also has a mobile application that is always on. In this app, you can view all the activities of accounts in real time and receive reports along with other details.

GoAnswer additionally helps in scheduling appointments, alerts the time of meetings and schedules, checks the customer subscription of your business, etc. It also helps with sales, handles market research, and ensures customer satisfaction.


Email response service: Get email support specialists to handle your inbox.

Live agents: It has live agents available to take your calls and reply to your clients.

Legal intake rockstars: There is a dedicated team of legal experts who can handle all your legal intakes.

Real-time dashboard: It provides free access client portal and allows monitoring of real-time call data, ongoing calls, and call volume.

Custom scripting: Get individual assistance to create personalized scripts.

Real time email alerts: Provides real-time email alerts and text notifications.

Customer support: It has a live chat for immediate responses.

Professional greetings: Offers custom, friendly, and professional greetings to address clients after hours.

Appointment setting: Manages appointments and scheduling.

HIPPA trained: The virtual assistants are HIPPA trained and know how to handle sensitive information

SMS and email alerts: You can get SMS alerts anywhere, anytime, and stay updated.

👍 Pros 👎 Cons

Bilingual support available High overage fees.

Get unlimited user accounts. 24/7 customer support requires extra fees.

Uses real humans for voicemail instead of bots.

Key Specs:

Pricing: Plans start at $50 a month.

Best for 24/7 live virtual receptionist

Ruby is a virtual receptionist provider that greets callers 24/7 and deals with your website visitors. It handles your after-work hours and makes sure that your business never misses any client.

Ruby is all about creating connections with clients and allowing a small business to scale. Its virtual receptionists are trained experts with access to proprietary software. These tools help them personalize each call with the customer and answer their queries till their issues are resolved.


Custom voicemail: It has unlimited voicemail boxes that contain customized greetings.

Mobile app: Ruby offers a mobile app where you can update your call managing instructions.

Bilingual receptionists: The callers can choose either English or Spanish.

Information update: Get an update after the receptionist takes your call.

Call forwarding: It has a flexible call forwarding feature.

Lead capture: This virtual receptionist screens and filters out potential customers for you.

Robocall filtering: Route robocalls automatically to Ruby’s voicemail box.

Number porting and hosting: It has enhanced features and can also host your business.

Outbound calling: You can send requests to Ruby to confirm appointments, etc.

Integrations: Clio Manage, Rocker Matter, My Case, Clio Grow, etc.

👍 Pros 👎 Cons

Have HIPAA security on-site for complete protection. It might not be customizable enough.

It works according to your preferred calendar to book appointments. The call quality can deteriorate sometimes.

Ruby has flexible pricing.

Key Specs:

Pricing: $230 per month

Best for integrating with other business systems

RingCentral is an automated phone system and a virtual receptionist service that increases your business efficiency. It welcomes your callers and routes them to agents and departments anywhere. Your line is always active with RingCentral, and all your clients can reach you throughout the day.

RingCentral is a cloud-based unified communication solution that is built for all types of businesses. This platform offers a huge range of services like phone, video, SMS, fax, webinars, push to talk, Omnichannel CX, sales, etc.

It has a top-notch DevOps team and has all kinds of security like network, physical, data encryption, and fraud prevention.


Custom Company Business hours: You can set the auto-attendant to show your company’s working hours.

Dial-by-name Directory: This lets you assign an extension number to find callers by name.

Call recording: Record calls and custom greetings.

IVR settings: It has a customizable IVR menu for callers.

Integrations: It integrates with your business applications.

Regional settings: You can change basic settings according to the location.

Customizable: This special answering service is a highly customizable platform where you can change and modify settings.

Call flow: Manages your inbound call flow efficiently.

Self-service: Clients can use this feature to reach their desired agent or department.

Call delegation: Manage a high volume of call transfers with this visual and simple way of monitoring assistants who call on executives’ behalf.

Call screening: Block calls of specific callers or numbers and have full control of who can reach your company.

Call flip: Move live calls between mobile, desk phone, and softphone without the knowledge of the caller.

Ring out: This feature helps in making a call with one touch from any internet-connected computer or phone.

👍 Pros 👎 Cons

It does not require any hardware on-site to function. The mobile app can be slow at times.

Reduced spam call time as it handles actual client calls. It might be a little challenging to scale.

Build a flexible structure for the employees at satellite and local offices to connect.

Key Specs:

Pricing: $20 per user, paid annually

Best for answering calls with auto attendant

Nextiva is a smart platform that engages with your customers and handles your conversations. It reduces the workload by providing you with a centralized communication platform.

It is a multi-level auto attendant that directs your calls across PBX with sub-menus. This virtual assistant helps you offer reliable and quick customer support to your clients at all times.

Nextiva comes with built-in business tools like automation, service and sales tools, analytics, customer journey, and call pop for increasing efficiency. It also provides social media and reputation management that helps in improving your brand image.


Modification: This answering service provider has flexible features and configurations.

Security: It is SOC2 and HIPPA compliant.

HD call: Nextiva has HD voice technology and high-performing data centers.

Customer support: Get 24/7 live support

Scalability: It is easily scalable, so all your calls are handled.

Voice recording: This platform has professional voice recording for the auto-attendant.

Integrations: It integrates with all your existing apps and popular software.

Custom greeting: You can create a custom greeting for every call.

Call recording and rating: You can listen to call recordings from reports, rate them, and share them with colleagues.

Call screening: Segregate calls depending on their character and block unwanted calls.

Conversational AI: This AI allows callers to use their own language to describe their reason for calling instead of presenting them with a menu.

SIP Trunking: With this feature, you can connect to customers faster than ever; it allows your business to modify, establish and stop multimedia sessions.

Call notification: This alert sends employees an email notification when they get a call that has pre-defined criteria.

Call presence: This helps you set the status from your employees’ and colleagues’ phones.

👍 Pros 👎 Cons

It is easy to set up, even for non-technical staff. Adding contacts can be a bit confusing.

Nextiva has a very stable service. It doesn’t integrate deeply with some applications.

Its online site manages phone systems easily.

Key Specs:

Pricing: $18.95 per user per month

Best for voicemail forwarding and transcription

Ooma is a versatile virtual receptionist service provider for small business. It assists companies in directing incoming calls and sharing important information about the business. It lets you schedule calls and send them to its virtual receptionists’ menu.

This tool automatically sets up for answering the main number’s calls. Its default setup has a text-to-speech greeting that is personalized with your brand’s name.


Custom messages: You can create custom messages with information about your business.

Menu options: It lets you create menu options for different languages.

Dial-by-name: This lets the users reach a specific agent that they want.

Create modes: You can create modes after and during work hours.

Direct incoming calls: The virtual receptionist can direct calls to the accurate place

Send calls to extension or voicemail: This platform helps users find dedicated or virtual receptionists as per their issues.

Integrations: It integrates with CRM, Salesforce, etc.

Customer support: It has call support and live chat.

Route calls: You can route the calls to extensions and ring groups.

Voicemail transcription: Automatically converts your voice mails and transcribes them into a written format.

Enhanced call blocking: Block unnecessary spams and robo calls.

Multi ring: It lets the call ring in multiple devices for the agents to answer the nearest device.

Fax: Send and receive fax online instantly.

👍 Pros 👎 Cons

It adapts to all kinds of business styles. The mobile app glitches at times.

The backup of Ooma is highly reliable. Faxing doesn’t work accurately.

It is known for no dropped calls and non-echo quality.

Key Specs:

Pricing: $19.95 per user per month

6) Smith.AI

Best for a growing business virtual assistant is a powerful communication intelligence. It captures and screens callers, logs their details in your CRM and on the calendar, and books appointments.

This virtual receptionist company provides real-time data in the client dashboard, helping you make better decisions. You get a detailed email summary for every call with metadata that includes caller disposition, relevance, priority, actions taken, etc.

This platform is a high-tech and high-touch application that has both live agents and AI to manage your business communications. It offers outbound calls that go on 24/7 for sales, service, and support. Its web messaging, SMS chat, and social messaging services are also available around the clock.


24/7 live: You get professional live receptionists 24/7 to assist your clients.

Transfer destinations: The receptionist can transfer callers to you.

Customized greetings: You can customize the greeting for virtual receptionists.

Multiple live transfer numbers: Get multiple phone numbers for people and transfer live calls to destinations.

Callback on client calls: The receptionists call back the clients in case the connection drops due to network issues, etc.

Call Notification: Get an instant notification via text message.

Text message: The virtual receptionists attend to clients through text.

Call disposition: Your calls are marked based on types and priority.

Reminders: Receptionists remind you about your appointments.

Integrations: It integrates easily with your business apps.

Support: Get a call, text, email support, and chatbot.

👍 Pros 👎 Cons

It offers multilingual support. doesn’t do outbound calling like marketing.

You don’t get charged for spam, bots, etc. There is no automatic appointment rescheduling.

The plans are based on per chat instead of per hour.

Key Specs:

Pricing: $255 per month

7) PATLive

Best for customizing calls as per your needs

PATLive is a 24/7 live answering virtual receptionist service. It delivers professional and friendly services to your clients. This platform offers all types of call answering and client management services while also helping your business grow.

The PATLive virtual assistants are well-trained to work seamlessly for every business and take care of your customers. There is also free upgrade and downgrade for the services. Hence, it is also one of the best virtual receptionists for small businesses.


Status update: You can update statuses in its mobile apps or web.

Capture anything from callers: It captures lead-scoring forms and short messages.

Existing app sign-in: The virtual assistants sign in to your existing apps like CRM, scheduling calendar, etc.

Sales calls: Can answer product questions and send out orders.

Screening and transfer: Answers calls, screens callers, and transfers them.

Message taking: Provides you with a detailed message when you are unavailable.

Event registrations: Offers FAQs and attendee registrations for your events.

Integrations: Integrate with popular applications.

Customer support: Email, phone, chat, ticket, Facebook, Twitter.

👍 Pros 👎 Cons

It has a reliable lead qualification process. Not cost-effective for a smaller group.

Choose how your calls are managed as per your needs. The support is slow and not available 24/7.

Provides bilingual support.

Key Specs:

Pricing: $59 per month


We should hire virtual receptionists for the following reasons:

Professionalism: It adds professionalism with its recorded message or greeting when you take the help of virtual receptionist companies.

Cost-effective: The answering services are always available without extra charges.

Customer experience: The customers are always greeted with a self-serve menu or informed about the business.

Customizable: It lets you customize all features like call forwarding, welcome message, etc.

Integrations: Easily integrates with other business tools and your existing apps.

The provider first does extensive research on your business and requirements to help you take care of your clients. They also handle marketing campaigns, help with branding, along with managing your calls.

Here is how to select the best telephone answering service:

24/7 available: A good virtual receptionist service is available 24/7.

Deals with difficult callers: Answering service must be able to deal with demanding customers.

Professional: They represent your company; hence absolute professionalism must be expected.

Handles sensitive data: The provider must know how to handle customers’ sensitive information, like bank details.

Friendly: The services must be provided with friendliness and offer all callers a positive experience.

Company policies: Phone answering service must adhere to your company policies.

Technical issues: The best virtual receptionist company always has minimum technical issues and downtime.

The different types of Virtual receptionist services are:

Inbound services: They handle inbound services like calls and messages.

Outbound services: It manages inbound plus outbound services like scheduling meetings, appointments, sending out emails, etc.

Automated: These are chatbots and auto attendants.

Live answering: Real humans answer your calls.

Scripted: These services depend on pre-written scripts.

Industry-specific: They cater only to specific industries like healthcare, real estate, etc.

Back-office outsourcing: Such companies have comprehensive assistance with voice and non-voice activities.

Best Virtual Receptionist Services for Small Business Verdict

From the list above, we recommend GoAnswer as an ideal virtual assistant. It is a feature-rich platform that handles all your business calls, chats, etc.

The other providers, like Ruby, RingCentral, PATLive, etc., also have valuable benefits that you can explore in their free trial.

You're reading 7 Best Virtual Receptionist Services Companies (2023)

7 Best Soft Robotics Companies To Keep An Eye On In 2023

Soft robotics companies are essential for robotics users. Soft robotics refers to the subfield within robotics that deals with the creation of robots from soft, elastic and flexible materials.

It is similar to living organisms. It is based on living organisms that adapt to their environment. Soft robotics technology allows robots to exhibit both dynamic and plastic behavior.


The lack of soft touch surfaces is a major obstacle to soft robotics creation. Silicon is the preferred material for creating touch surfaces that feel soft and human-like. SpectroPlast, a Swiss startup company, provides silicon-based solutions to different applications.

Also read: The 15 Best E-Commerce Marketing Tools


Soft robotics technology is used by iCobots to package food products such as eggs, fruits, or chocolates that do not require manual labor. These robots work together to combine robot speed with human touch, and can be used in delicate food handling. Robots can handle many products from different industries, including agriculture.

Soft Gripping

Also read: 11 best ways to Improve Personal Development and Self-Growth and its Benefit on our Life

Squishy Robotics

Squishy Robotics is a mobile sensing robot that can be quickly deployed and used for remote monitoring, disaster rescue, and space exploration. The company’s goal is to create fusion robots by combining mobile sensing, machine learning, big data, smart IoT, and machine learning.

This platform can be customized to adapt to changing situations. This startup is currently focusing on developing applications that provide scientific monitoring, delivery services and smart home applications.


Somnox is one of the pioneers in providing a technology that helps people fall asleep. Soft robotic innovation is the company’s specialty. It helps people fall asleep at night and wake up feeling more energetic.

Also read: Best 10 Email Marketing Tools in 2023

Soft Robotics Soft Robot Tech (SRT)

SRT, a China-based startup, specializes in software robotics. This includes flexible SRT jaws and intelligent medical aids. The company studies the deformation mechanism inflexible materials and develops grippers that can grasp workpieces of various sizes, shapes, weights, and with one claw.

These claws are equipped with a soft, pneumatic thumb that covers the target and does not know its size or shape beforehand.

Amazon Wants Companies To Get Onto Its Cloud Using New Services

Snowballing into the cloud

Shipping data to Amazon in this instance isn’t a metaphor — the Snowball is literally a large, ruggedized storage appliance that can hold up to 50TB of data and weighs in at a whopping 47 pounds. Companies can hook them up, load them with data and then ship them off to Amazon. Each Snowball has a built-in, e-ink display that serves as a shipping label when the device is in transit, and as a user interface when it’s set up for data transfer using its 10Gbps network connection. 

It’s an expansion of Amazon’s thinking behind its Import/Export Drive service, which lets companies ship hard drives with their data on board to Amazon and get them loaded into AWS. While that may seem antiquated, Andy Jassy, the senior vice president of AWS, pointed out that a company needing to move 100TB of data to AWS that devoted 100Mbps of bandwidth to sending it over the Internet would have to wait for 100 days before their data was fully transferred. 

The same company would just need to get a pair of Snowballs from Amazon to perform the same task. That’s even easier than purchasing a bunch of hard drives, loading them with data and shipping them off through FedEx or some other courier service. Snowballs provide other benefits beyond that, including a tamper-proof enclosure and automatic encryption with 256-bit keys that are managed by the AWS Key Management Service. Snowballs also generate a hash when they’re loaded and when their data is transferred to Amazon’s Simple Storage Service, so companies can be confident that their data is all in one piece. 

Using a Snowball costs $200 per job right off the bat, and companies need to pay an extra $15 per day if they keep the device for more than 10 days. Transferring data from a Snowball is free, but companies who use the device to get data from Amazon’s Cloud will have to pay US$0.03 per GB transferred. 

Database migration

While Snowballs will help users get large amounts of data into S3, Amazon also launched a new Database Migration Service preview that helps companies securely migrate data from commercial and open-source databases to AWS. In an interesting wrinkle, the service is designed for both homogeneous migrations like sending data from an on-premises Oracle database to one running in Amazon’s cloud and heterogenous migrations, so companies can, for example move a SQL Server database over to Amazon Aurora database.

The news comes over a year after Amazon acquired Amiato, a company that operated a service for getting NoSQL databases into Amazon’s Redshift database service. Migrating databases in this way is particularly important for Amazon, which is continuing to develop and push new products for its Relational Database Service. The company announced Wednesday it now supports the MariaDB open-source database, and Jassy said that its recently launched Aurora database service has overtaken Redshift as AWS’s fastest-growing product. 

In addition to all of Amazon’s technological plans, the company is also working with consulting firm Accenture on a new AWS Business Group that will help companies migrate their applications and develop new ones on Amazon’s cloud. Accenture will also expand its Insights Platform to integrate data and analytics capabilities from AWS.

Top 7 Best Practices Of Workload Automation In 2023

Hence, we intend to inform CEOs and executives about the top 7 best practices of workload automation to assist them in employing WLA tools in their businesses effectively.

1. Determine automation opportunities

It is critical that you determine whether WLA tools can benefit your company. Hence, determine which sections or processes will benefit from WLA first. This could include investigating whether your company’s:

To determine the time-consuming and repetitive tasks that can be automated.

To collect the information you may do surveys in various departments, for example, in the HR and finance departments. To conduct your survey, you may want to consult with your data analytics or HR team to determine the questions and analysis of its results. If you are unable to consult with them, you may consider hiring a data analytics team for this purpose.

 If you cannot either, you may consider creating a survey on your own where you can ask your employees about the most time-consuming and repetitive tasks and how these tasks might be affecting their job satisfaction.

2. Determine your priorities

It may be a good practice to integrate WLA tools into your company structurally and gradually after you collect information. Because of such factors as:

Your budget, 

Departments needs,

Compatibility of WLA tools,

Employee job satisfaction in various departments 

Can be important to decide where to begin implementing WLA tools to utilize their benefits more successfully.

It is critical to remember to create a priority list with the factors listed above to rank your automation opportunities (and more if it is needed). You may benefit from a list to order your priorities as follows:

Invoicing automation for the finance team to save time.

Onboarding and offboarding automation for HR to allow them to focus on strengthening the leadership in the company.

Data pipelining for IT to allow them to focus on sales forecasting.

Inventory management automation for warehouses to increase warehouse efficiency and enable warehouse management to work on team building to create a happier workplace.

Redwood’s workload automation software can easily integrate with ERP systems and further overcome the limitations of built-in ERP tools. With Redwood services, users can automate:

3. Research

After preparing a priority list, an integral part of incorporating WLA tools into your company lies in conducting good market research on WLA tools. There are more than 24 software packages right now in the market, each with unique features and costs. 

It’s crucial to refrain from purchasing software with extraneous features to keep your budget tight and software with insufficient features to time from its replacement. 

To determine whether the technologies you are interested in are appropriate for your business and departments, you can consult your IT department or think about going to an IT consultant. 

An important factor in your decision should be the integration of the WLA tools with the software that you use in your departments such as their compatibility. For example, compatibility of WLA tools for the finance department with enterprise resource planning (ERP) tools. 

Also, keep in mind to choose easy-to-use software. Difficult-to-use software can create challenges to training WLA specialists from your teams because they can increase the time spent on solving end-user problems compared to user-friendly software.

4. Communicate with your departments

After research, the best strategy to implement WLA in your company is to first inform the staff about it (see Figure 1). It’s critical that your teams understand automation and how it can improve productivity and free up time for more difficult jobs. It is important for you and your team to be on the same page about automation to work efficiently. 

Figure 1: Communication practices

5. Plan for training

Finding people that are willing to learn WLA tools is crucial for their implementation after you have communicated to your personnel about them. It is standard practice to train staff from the relevant departments, particularly in the finance department and HR, which have access to sensitive data of your organization such as investments and salaries.

To have better secure data management, you might avoid giving staff from other departments needless access with the exception of the IT department in some complex software problems when they are needed to assist.

To achieve rapid technology implementation and long-term operational efficiencies, it is critical to identify candidates who are eager to learn the WLA tool and have the necessary skills. If you are unable to find suitable candidates for the implementation of WLA tools, you may consider hiring new WLA specialists.

6. Provide new tasks

A recent study indicated that implementing WLA software in HR decreased work engagement and increased stress in HR employees. According to the study, the shrinkage in HR employees’ duties following automation decreased their sense of autonomy because they were not assigned new tasks to replace them. 

This had a negative impact on their work motivation. Hence, assigning new tasks to employees, such as researching new ways to attract talent and allowing them to select their tasks, can be critical to retaining their previous work motivation.

As your company grows, it is helpful to keep your WLA tools in good working order. You may request that your IT team produce yearly reports on their operations and that your data analytics team collect data on their users’ compliances to inquire about what additional features may be beneficial to your company.

Finally, it may be beneficial to return to the determination step and your priority list in order to maximize your benefits from WLA tools.

To discover more about workload automation, you can download our whitepaper:

If you have any additional questions about best practices for workload automation, please contact us at:

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.





Financial Services Crm Marketing Innovation In 2023

Discover the latest trends and innovations in customer relationship management to truly integrate your financial services CRM marketing

From account opening, saving money, investing, to foreign currency exchange, financial services marketing leaders are looking to create a user-centric digital environment to respond to users’ expectations. Financial services CRM today means providing customers with more innovative and complete financial services with partners from different industries, including telecom companies, FinTech start-ups, and insurance companies.

Financial services companies have often perceived the strength of digital purely as an acquisition channel. As customer relationships have become more complex, the growth of new distribution channels has increased combined with the exponential growth of new technology means financial services CRM marketing is more important than ever, for both customer acquisition and retention and lifetime value.

Larger financial brands also understand as their historic dominance is continually being squeezed by startups such as FinTechs focusing on retention can drive up to 4/5 times more value than new customers and thus a robust financial services CRM plan is vital for these brands in maintaining market positioning and driving sales growth.

Determining where the latest financial services marketing trends and innovations fall within the customer lifecycle is crucial if you want to delight your customers at every step of their purchase and repeat-purchase journey. That’s why our financial services trends 2023 report structures 9 top sector trends across our popular RACE Framework of reach, act, convert, and engage.

As we will explore below, CRM is a key conversion tactic right now. That means you can expect your conversion to grow by implementing the marketing tools and techniques we cover in this blog. But, conversion alone is not enough to build a strong marketing strategy for your financial services business. You will need to also consider your reach, interaction, and engagement strategies to build a successful marketing funnel.

Download our free report to discover my full 9 recommendations for your financial services business across all the key touch points in your customers’ journeys. Integrated across the RACE Framework, our marketing solutions empower marketers across the globe to apply a data-driven, customer-centric approach to their marketing structure

Financial Services marketing trends 2023

Accelerate your growth in 2023 with trends, examples, and practical strategy integrated with our RACE Framework

Get Started Today

How has CRM evolved in the financial services sector? Creating a single view of the customer

CRM for financial services firms is about creating a data-driven single view of the customer. This means having access to a single view of all customer interactions, communications, and experiences, across every channel and touchpoint. This can be a very costly and time-consuming process, and many businesses are still in the early stages of maturity when it comes to having a CRM program that is fully integrated with all business channels and datasets.

CRM retargeting helps to build online audiences with only an email address or postal address, it works in partnership with publisher networks who securely match anonymous email or mailing addresses. It’s also available through Google Customer Match and customer lists in Facebook Custom Audiences.

Reducing information isolation through Open Banking

In the past, customers needed to repeatedly fill out application forms when they applied for different financial services. To save time for customers, using an open API to transfer customers’ information between different partners and help customers fill out forms automatically will improve the experience. Once customers have successfully completed this process they will no longer need to fill out forms when they apply for other financial services.

The growth of Open Banking applications is shown by nearly 50 consumer-facing applications from aggregators to investment tools listed here.

For example, Taishin Bank’s Richart App was developed as an open banking platform, which integrates all the services that customers need in one place. They knew that customers in Taiwan usually have 5 or 6 different accounts to manage different services such as insurance, foreign currency, investment, etc. but with their app Richart, they only needed one account.

This sophisticated financial services CRM process means customers no longer need to memorize several different accounts and passwords. In addition, they are able to manage and keep track of different financial products in one App and one account.

Financial Services marketing trends 2023

Accelerate your growth in 2023 with trends, examples, and practical strategy integrated with our RACE Framework

Get Started Today

Financial services CRM integration across all channels to create omnichannel customer contact strategies

Financial services CRM systems that combine digital, mobile, and social data alongside traditional touchpoints are rapidly outstripping those that don’t. A priority for financial services organizations is for all key marketing activities to be integrated across channels. This can create channel conflict so many firms have created their own CRM teams.

The need for integration to give a managed, measured approach across all touchpoints is suggested by this example of a customer onboarding sequence for a bank.

If we return to the Taishin Bank example, it has also extended the Richart App connect to LINE, the most popular instant messaging APP in Taiwan, allowing more than 6 million customers to enjoy its financial services more easily and conveniently. This means that customers can now enjoy financial service to check their transactions and reach out to Richart customer service through a common channel they use every day without logging into the banking App.

It is the combination of offering competitive and integrated products through the Richart App, that has attracted more than 1,400,000 applications for Richart’s saving accounts – more than 70% of them are aged 35 or under, and more than 74% of them are first-time customers for Taishin Bank.

As such, Richart has become the most popular digital bank in its market with over 95 % of its customers showing high satisfaction and strong willingness to continuously use Richart and recommend it to their friends.

Increased use of Big Data systems in the financial services sector

The role of data in facilitating the segmentation and personalization of communications and experiences cannot be understated. It is not enough to simply have a multitude of datasets on customers. There is much research to show that many organizations are overwhelmed by the volume of incoming customer data.

Even if financial services organizations have implemented the most sophisticated CRM infrastructure, the data must be able to pass between the various channels and technology platforms, and across all aspects of the business.

In order to successfully compete for customers, organizations require a holistic view of their customers. This requires data and a focus on shifting behaviors according to customer data.

“Companies need to shift their culture to focus on ‘data hygiene practices and to fix archaic processes of saving and storing customer data in different ways. In our CRM transformation, we realized that its success would ultimately boil down to the ubiquitous availability of accurate and detailed data.”

“This would require a behavioral shift across the company. No longer could offline data be an acceptable practice. Nor could we have individuals in marketing, sales, services, and supply chain storing and tracking data inconsistently. Change is never easy, but it gave us a 360-degree view of customers across Hitachi Vantara and is a significant business opportunity for our sales teams if they are reporting and analyzing accurate data trends.”

– Renée McKaskle, CIO, Hitachi Vantara

Maria Mellegers – Palaiologos, Vice President adoption lead of Barclays, showed Barclay’s SmartBusiness Insights dashboard for SMB customers.

58% of SMEs base more than half of their regular business decisions on gut feel or experience rather than being driven by data and information. On average, businesses only use 50% of all information available to make decisions.

The life span of a product has shrunk by 400% in the last few years – it’s not about what you offer but how you offer it. Barclays SmartBussiness is aimed at providing data-driven information to help SMEs make the right decisions. It has been curated with over 1 million sources of data from businesses that bank with them and is easy to use.

With the new Barclays SmartBusiness Insights easy-to-use dashboard, customers are able to identify patterns through clean data filters to see what is necessary without being overloaded with data they don’t need.

SmartBusiness provides local insights based on average transaction value, the average wage in your area, industry turn over, etc. This helps contextualize data for SMEs, providing spend and performance data and customer dynamics.

Although this doesn’t directly impact marketing financial services, this shows innovation in FS is vital in keeping customers and integrating solutions based on customers’ pain points. From a business point of view, Barclays is able to help its SME account holders and drive engagement with content.

According to a Gartner report, customer experience (CX) projects are 50% about technology, with the remaining 50% about customer emotion, perception, and related qualitative factors. In order to achieve CX success, organizations need to adopt a broad view of their stakeholders.

This is where our RACE Framework can transform your approach to digital marketing, with the ability to break down each of your customer’s touchpoints to plan, manage, and optimize your channels and platforms to achieve your goals of reach, act, convert, and engage, accordingly.

Maintaining CRM applications and capabilities is a must for financial services organizations, but taking a broader view of how technology can influence customer perceptions through customer experience is the key to sustaining a long-term customer. Keep up to date with the latest trends and innovations for 2023 with our financial services report.

Financial Services marketing trends 2023

Accelerate your growth in 2023 with trends, examples, and practical strategy integrated with our RACE Framework

Get Started Today

Quantum computing for the financial services industry

An exciting technology trend that is gathering momentum in the analysis of super datasets is the use of quantum computing. In late 2023, a Bank of America strategist said quantum computing would be “as revolutionary in the 2023s as smartphones were in the 2010s.”

Some in the banking industry believe that quantum computing is more science fiction than fact and that there is more to serving clients than computational speed and agility. Still, quantum computing increasingly appears to be a game-changer in tackling complex or intractable problems, particularly in the optimization area.

Many financial industry participants rely on computing power to improve decision-making and serve customers better. Over the next few years, quantum computing is likely to supercharge these activities. To be sure, this will be a long road, and most banks are taking their first steps.

Effective financial services CRM is vital

While IT plays a vital role in CRM choice and implementation, it should be driven by a strategic management perspective from the Board. Too often, companies seek to build CRM capabilities by designing a powerful IT system without considering wider business issues. But, an effective financial services CRM must also integrate all the business’ channels and platforms from a marketing perspective.

A fully integrated customer relationship management solution is the most powerful tools financial services firms can deploy to enable them to provide better service and grow revenues from customers.

– Rebecca Allsop, Head of Customer Strategy and Planning, Skipton Building Society

Top 10 Revolutionary Big Data Analytics Companies Of 2023

Here are the top 10 revolutionary big data analytics companies of 2023 that you must take note of it.

Did you know that by 2025, more than 152,000 IoT devices will be connected per minute? The amount of data generated has increased tremendously with the increasing use of AI, ML, and IoT. Big data analytics is helpful in this situation. The technology, also called data analytics, is the foundation of contemporary edge computing. For unfamiliar people, edge computing is a system where processors are placed far closer to the data source or destination than clouds.

These factors will likely cause the big data analytics market to expand rapidly over the coming years. By 2030, this market’s valuation might reach US$745.15 billion. Additionally, a CAGR of 13.5% is predicted for the market between 2023 and 2030. By 2023, the market, valued at US$271.83 billion in 2023, is anticipated to have grown to USD 307.52 billion. Here are the top 10 revolutionary big data analytics companies of 2023.

1. IBM

The New York-based IBM Corporation is a key provider of big data products and one of the top big data analytics firms globally. These include IBM Watson Studio, IBM Db2 Big SQL, IBM Big Replicate for Hadoop, and Cloudera Big Data. These products support ultralow latency data acquisition, processing, and management. Businesses can use these technologies to make decisions more quickly and effectively, lowering their data storage and analysis expenses.


The German IT behemoth SAP SE provides businesses with customer-focused goods and services that support data-driven decision-making. Data management tools, including SAP Data and Analytics Solutions, SAP Data Warehouse Cloud, SAP Master Data Governance, SAP Analytics Cloud, and SAP HANA Cloud, are among its products.

3. Microsoft

The Bill Gates-founded hardware and software services company Microsoft Corporation provides customers with tools that make storing and processing various data easy. This covers real-time, unstructured, and structured data. The IT major uses big data and analytics to gather, process, and analyze data.

4. SAS Institute Inc.

The SAS Institute Inc., headquartered in North Caroline, North Carolina, creates a range of technology, including Hadoop, data mining, big data analytics, data management, in-memory analytics, predictive analytics, machine learning, text mining, and cloud computing, to extract the most helpful information.

5. Fair Isaac Corporation

FICO, called Fair Isaac Corporation, is a data analytics business headquartered in San Jose, California. The company supports firms in making smarter decisions to maximize profitability, uncover more significant development potential, and improve customer happiness. Customer growth, decision management and optimization, debt collection and recovery, scoring solutions, and fraud prevention compliance are just a few services the business provides.

6. Oracle

With its global headquarters in Austin, Texas, Oracle Corporation is one of the top suppliers of comprehensive data services that assist businesses in obtaining, handling, sorting, and processing data. The company provides object storage and analysis using Oracle Cloud SQL and Hadoop-based data lakes. It ranks among the top big data analytics businesses worldwide.

7. Salesforce Inc. 8. Equifax Inc.

Equifax Inc., the leading data analytics solutions provider, enables knowledge transformation and enhanced decision-making. These tools assist businesses in making wiser decisions and moving in the direction of improvement.

9. TransUnion

Based in Chicago, TransUnion specializes in big data and analytics technologies that support analytical resources, improve analytical insights, and use analytical tools and specialists.

10. QlikTech International AB

Update the detailed information about 7 Best Virtual Receptionist Services Companies (2023) on the website. We hope the article's content will meet your needs, and we will regularly update the information to provide you with the fastest and most accurate information. Have a great day!