ABN AMRO & eGain Profiled in Aberdeen's 2001 Top 10 CRM Report.Business Editors/High-Tech Writers SUNNYVALE, Calif.--(BUSINESS WIRE)--March 11, 2002 Powered by eService software from eGain Communications Corp. (Nasdaq:EGAN EGAN ETSI Guide Access Network EGAN Ethernet Global Access Network ), ABN AMRO's CashPro(R) Web has been included in Aberdeen's prestigious report, "Top Ten Significant CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. Applications for 2001." A product of ABN AMRO ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) Services Company and offered to ABN AMRO's U.S. customers through its affiliates LaSalle Bank LaSalle Bank Corporation is the holding company for LaSalle Bank N.A. and LaSalle Bank Midwest N.A. With $116 billion in assets, it is headquartered at 135 South LaSalle Street in Chicago, Illinois. in Chicago and Standard Federal Bank in Michigan, CashPro(R) is built using the eGain eService Enterprise (E3) solution. CashPro Web is an innovative, browser-based electronic banking platform for treasury management products and services. "Each year, Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. searches the CRM industry for particularly noteworthy CRM implementations to publicize pub·li·cize tr.v. pub·li·cized, pub·li·ciz·ing, pub·li·ciz·es To give publicity to. publicize or -cise Verb [-cizing, -cized] in our top ten list," said Kent Allen, senior research director, Aberdeen Group. "In 2001 the industry emphasis was on return on investment. ABN AMRO's partnership with eGain stood out as an innovative and high-impact approach to serving a very demanding clientele base that routinely faces mission-critical financial decisions." The impact of eGain's E3 solution at ABN AMRO and its affiliates LaSalle Bank and Standard Federal Bank has been significant. Designed to provide quick, thorough answers to inquiries from middle market and large corporate treasury management staff, the multi-channel solution now handles roughly 5,000 e-mails, 3,000 chat sessions and 3,000 virtual agent sessions per month. In addition to high volume e-mail management (with a target live response time of 15 minutes), chat and co-browsing, the E3 solution boasts a virtual agent. The agent, dubbed RITA RITA Cardiology A clinical trial–Randomized Intervention Treatment of Angina–comparing the outcome of PCTA vs CABG in Pts with angina. See Angina, Angioplasty, CABG, Percutaneous transluminal angioplasty. for Real-time Internet Technical Assistant, is a favorite of CashPro Web's customers. It provides access to knowledge from a variety of sources via an interface that is empowered with facial expressions facial expression, n the use of the facial muscles to communicate or to convey mood. along with text responses to questions, and boasts a 96% accuracy and resolution rate. In the event of failure, the system alerts a live agent who provides a call-back within fifteen minutes. Failure is defined as a session that lasts more than fifteen minutes or that includes the same question (with phrasing variants) three times. RITA provides a practical, natural-language mode for busy people to get the information they need. Moreover, RITA provides the "wow" factor that helps differentiate ABN AMRO, LaSalle Bank, and Standard Federal Bank in a market characterized by look-alike products and services. As ABN AMRO Services Company First Vice President and Head of Electronic Banking Solutions Milton Santiago puts it, "Overall, the top 10 banks in the world offer the same products. We're using eGain as a strategic partner to rise above the noise and to leverage CashPro Web's online customer service as a competitive advantage." Obviously, a unique interface would not be of value unless it operated at RITA's extremely high level of performance. Said Santiago, "The people we work with are financial managers charged with efficiently managing the company's cash in accordance with its strategic objectives. Timely access to information regarding their day-to-day treasury management activities is a key component in making sound financial decisions -- decisions that have a direct impact on the company's bottom line. These individuals have a very low tolerance for pain." To help manage the outbound aspect of customer interactions, ABN AMRO Services Company uses eGain Campaign, eGain's outbound email product. Through eGain Campaign, ABN AMRO, LaSalle Bank and Standard Federal are able to send their treasury management customers timely information ranging from product enhancements/upgrades, user tips, reminders regarding critical deadlines and other valuable information. The decision to implement the E3 solution from eGain was initially driven by a customer survey that revealed growing customer interest in a self-service banking channel. In addition, customers who traveled often had access to only one telephone line, necessitating that they disconnect, dial a customer service representative, and then reconnect to the web, a process that was both tedious and time-consuming. ABN AMRO Bank Netherlands-based ABN AMRO Bank N.V. is one of the world's largest banks with total assets of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 614.6 billion and a presence in more than 3,500 locations in over 70 countries and territories. ABN AMRO is organized into three autonomous strategic business units, responsible for managing wholesale clients; consumer and commercial clients; and private clients and asset management. In North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , ABN AMRO is headquartered in Chicago and has nearly $90 billion in assets. Subsidiaries include LaSalle Bank in Chicago, Standard Federal Bank N.A. in Michigan. About eGain Communications Corp. eGain (Nasdaq:EGAN) is a leading provider of eService software. Selected by 24 of the 50 largest global companies to improve phone and Web-based customer service, eGain solutions increase service efficiency and customer retention -- thus delivering a significant return on investment (ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ). eGain eService Enterprise -- the company's integrated software Separate software components or applications that have been combined into one package. See integrated software package. suite -- includes applications for email management, Web collaboration and self-service, and enterprise-wide knowledge management. eGain has an operating presence in 18 countries and serves more than 800 enterprise customers worldwide -- including Vodafone, DaimlerChrysler, and ABN AMRO Bank. To learn more about eGain, please visit http://www.eGain.com or call the company's offices -- United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. : 888/603-4246; London: +44 (0) 1753 464646; or Sydney: +612 9492 5400. About Aberdeen Group Since 1988, Aberdeen has been a leader in providing market analysis and positioning services that help business technology suppliers meet the challenge of establishing leadership in fast-changing markets. Aberdeen is headquartered in Boston, Mass., and has research centers in Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif., Fort Collins, Colo. and Amsterdam, the Netherlands. Trademarks: eGain, the eGain logo and all other eGain product names and slogans are trademarks or registered trademarks of eGain Communications Corp. in the United States and/or other countries. All other company names and products mentioned in this release may be trademarks or registered trademarks of their respective companies. CashPro is a registered service mark of ABN AMRO Services Company, Inc. Cautionary Note Regarding Forward-looking Statements: All statements in this release that involve eGain's plans, forecasts, beliefs, projections, expectations, strategies and intentions are forward-looking statements within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements, which are based on information available to eGain at the time of this release, are not guarantees of future results; rather, they are subject to risks and uncertainties that may cause actual results to differ materially from those set forth in this release. These risks include, but are not limited to, the challenging economic environment; the uncertainty of demand for eGain products; the anticipated customer benefits from eGain products; increased competition and technological changes in the markets in which eGain competes; eGain's ability to manage its expenditures; and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed on Sept. 28, 2001, and the company's quarterly reports on Form 10-Q Form 10-Q See 10-Q. . eGain assumes no obligation to update these forward-looking statements. |
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