Vymo for Insurance
Award Category
Insurtech
Could your sales team do more?
Depending on who in the hierarchy that question is posed to, you could get varying answers. Those in the upper rungs of management overwhelmingly believe that their teams could improve their productivity and output. But, sales teams on the other had think are stretched to their maximum capacity and that quotas are designed to be just out of reach.
Vymo (www.getvvymo.com) bridges this strategic gap. It helps salespeople focus on high-ROI activities so that their time is not spent reporting data. It helps managers make need-based interventions so they can help their team convert more deals. And it offers analytics and insight to sales leaders so they can predict business outcomes more accurately.
Vymo is a Personal Sales Assistant that,
- Predicts what a sales rep should do next
- Detects the rep’s actions automatically
- Learns from the best reps in the organization
- Coaches reps to achieve best outcomes
We have 50+ large enterprise deployments and are used by 75,000 sales reps across US and Asia. We are funded by Sequoia Capital and recognized by Gartner as a Cool Vendor. Vymo has been able to improve productivity metrics, such as Conversion %, Turnaround Times, and Engagement by over 30% for some of the largest global financial institutions including AXA, Allianz, AIA, Generali, Sumitomo, and others.
Watch Vymo in action - https://www.youtube.com/watch?v=9saePnvir4M&feature=youtu.be
Watch Vymo for Salesforce -
https://www.youtube.com/watch?v=xJcQrd5X5vI&feature=youtu.be
Increasing Conversions for AXA -
https://www.youtube.com/watch?v=QAAGwWJ9b_4
Vymo for Insurance
We help insurance companies solve real use cases like:
- Helping nurture an agent’s natural market and improve conversions
- Improve case / service-based agent-customer engagement.
- Improve lead allocation, engagement, and conversion.
- Identify and convert more up/cross-sell opportunities.
- Manage orphaned customers more effectively.
- Manage employee exit management in case of group insurance.
- Help Bancassurance/ Brokerage/ IFA / activation, AND
- Manage claim verifications more effectively.
We impact metrics such as:
- Conversion per agent
- TAT to the 1st sale of a new partner
- Upsell percentage
- Renewal percentage
- NPS by customer
- Marketing led conversion
- Revenue per customer
- Cross Sell conversion
- Orphan Renewal percentage
- Group to Individual policy conversions
- Partner activation percentage
- TAT to claim closure
Why Vymo?
Organizations are continuing to spend millions of dollars on CRM implementation and yet around one-third of all CRM projects fail (CIO Magazine). When we ask executives if their CRM systems are helping their business grow, the failure rate is closer to 90%. Why is that?
Because, conventional CRMs, such as Salesforce, continue to function as passive databases that can primarily be used as inspection tools, rather than actively add value to frontline sales or service professionals. It is no wonder that CRM engagement is less than 30%.
Vymo is built for the modern salesperson
• Automated data capture: Vymo collects rich, contextual data automatically through dialer integrations and geo intelligence to save time and effort in data entry.
• More proactive experience: Vymo nudges salespeople to act on high-ROI activities and recommends actions that can improve sales outcomes proactively.
• Easier to adopt & use: Vymo enables users to do more with less and functions regardless of device or connectivity (offline usage).
Vymo is built for financial services
• Manage many more relationships: Vymo prioritizes customers and partners intelligently so salespeople can nurture multiple relationships effectively.
• Own the entire customer lifecycle: Vymo enables salespeople to manage activities such as quotation, KYC, closure, onboarding, service, cross-sell, and retention or maturity.
• Manage audit and compliance: Vymo detects all customer interactions such as calls, meetings, and emails automatically and captures outcomes.
Vymo is built for a deskless experience
• Mobile-first workflows for CRM: Vymo automates complex processes involving multiple different stakeholders on the mobile seamlessly.
• Intelligence across levels: Vymo enables sales reps to do more, lends visibility to sales managers, and provides data driven insights to sales leaders.
• Greater productivity: Vymo can prove revenue impact of 3-10% within a year of deployment by improving baseline productivity metrics by over 30%.
Recent press about Vymo
• Vymo Collaborates With Microsoft to Power Organizations Globally With its Intelligent Personal Assistant for Sales - link
• Indonesian Digital Infrastructure Provider Alterra Deploys Vymo Sales CRM to Grow Channel Partner Business - link
• Vymo’s AI tools to help boost sales productivity for FE CREDIT - link
• Vymo Selected to Accelerate Digital Adoption at Bangkok Bank - link
• Vymo Succeeds in Zurich Innovation World Championship, Now Deploying for Zurich Indonesia - link
• Vymo, AI-enabled Personal Assistant for Sales, Launches on Salesforce AppExchange, the World's Leading Enterprise Apps Marketplace - link
• CRM start-up Vymo strikes deals in Thailand, Vietnam, UAE - link
• AXA Insurance Thailand Deploys Vymo as Part of its Sales Transformation Program - link
• Sumitomo Life, one of Japan's largest insurers, deploys Vymo - link
Recognition for Vymo
• Gartner Cool Vendor
• Notable Vendor - Gartner CRM Vendor Guide
• Other notable Gartner mentions: Hype Cycle for Customer Experience Analytics, Invest Analyst Insight, and Hype Cycle for CRM Sales
• CB Insights – Demo Day – Winner (Fintech)
• Microsoft – AI for All – Award