Convergys Introduces its Smart Retail Energy Solution to Improve Performance and Reduce Costs Across the Customer Lifecycle

CINCINNATI--([ BUSINESS WIRE ])--[ Convergys Corporation ] (NYSE: CVG) announced today the availability of the [ Convergys Smart Retail Energy Solution ], a next-generation billing and customer care solution for retail energy providers. The solution for both gas and electricity retailers is designed to improve productivity, reduce costs, and eliminate redundancies across the customer lifecycle. This, in turn, grows margins by streamlining supporting processes, including forecasting, rating, billing, collections, and commissioning.

"With deep experience developing solutions for competitive markets, Convergys technology is a perfect fit for the retail energy market"

aWith deep experience developing solutions for competitive markets, Convergys technology is a perfect fit for the retail energy market,a said Bob Lento, President, Convergys Smart Revenue Solutions. aThe Convergys Smart Retail Energy Solution provides an ideal combination of business agility, time-to-market, and scalable capacity capable of supporting retail energy businesses as they compete, expand and grow.a

Retail energy providers face volatile markets marked by intense competition and driven by thin margins. In order to help retail energy providers overcome these challenges, the Convergys Smart Retail Energy Solution delivers specific value in each segment of the customer lifecycle.

Targeting and Acquisition - Create offers of unique products and services that are lifestyle-linked. Drive offers across multiple communication mediums, including social media.
Multi-channel Sales and Service - Capitalize on unrealized up-sell and cross-sell opportunities and maximize service impact through tools and technology, such as portals and mobile device applications.
Rating and Billing Flexibility - Implement configuration-driven processes from new product design through billing to gain first-to-market supremacy and accelerate expansion, including both simple and complex rates that adapt quickly to changing business conditions.
Customer Servicea" Improve CSAT with a 360-degree view of the customer that spans multiple channels, proactive outreach, call containment strategies and a customer front end tailored to retail energy processes.
Risk Reduction and Profit Maximization - Improve forecasting and settlement and drive ideal customer operations that flatten process, eliminate redundancies and improve margin.
Churn Reduction and Win-back - Provide real-time context-sensitive offers to prevent churn and win back former customers through intelligent loyalty programs.

aGiven our recent [ announcement with E.ON IT ], the Smart Retail Energy Solution hits the market at just the right time. This solution is especially designed to support retail energy providers in various stages of maturity,a according to Eran Ofir, General Manager for Global Utilities, Convergys Smart Revenue Solutions. aThe solution a" available in license, managed service and private cloud models a" minimizes upfront investment, business risk and impact to existing systems via a modular deployment that enables retail energy providers to solve for todayas challenges and evolve to meet those of tomorrow.a

Convergys develops and implements [ Smart Revenue Solutions ] for the utility, retail energy, telecoms, cable, satellite, and broadband markets. These solutions can help providers to Solve for today. Evolve for tomorrow.^SM Convergysa Solve and Evolve approach enables providers to have the tools to transform to the changing world. Convergys calls it SmartLife^SM; transforming everyday touch points and transactions into seamless, positive, loyalty-building customer experiences.

About Convergys

Convergys Corporation (NYSE: CVG) is a global leader in relationship management. We provide solutions that drive more value from the relationships our clients have with their customers. Convergys turns these everyday interactions into a source of profit and strategic advantage for our clients.

For more than 30 years, our unique combination of domain expertise, operational excellence, and innovative technologies has delivered process improvement and actionable business insight to marquee clients all over the world.

Convergys has approximately 77,000 employees in 69 customer contact centers and other facilities in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia, and our global headquarters in Cincinnati, Ohio. For more information, visit [ www.convergys.com ].

(Convergys and the Convergys logo are registered trademarks of Convergys Corporation.)

Convergys Smart Revenue Solutions

Convergys [ Smart Revenue Solutions ] is at the forefront of enabling global businesses to intelligently monetize their services, driving revenue and profits through innovative billing, customer care, and real time charging and policy solutions. Convergys solves todayas business challenges and positions providers to evolve to take on future opportunities. Convergysas customer-focused approach delivers straight-forward, best-of-breed technology from its [ Smart Suite ], which enhances the customer experience.

Supporting Resources:

Contact:
Jeff Hazel, Convergys Media/Public Relations, +1 513 723 7153 or [ jeff.hazel@convergys.com ]

N@N

Convergys Introduces its Smart Retail Energy Solution to Improve Performance and Reduce Costs Across the Customer Lifecycle