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Company: Credit Solutions, Dallas, Texas Company Description: The nation's largest for-profit debt management company, Credit Solutions manages $1.75 billion of unsecured debt for its clients. Founded in 2003, the company now has 800 employees. Awards include a J.D. Power & Associates "Outstanding Customer Service Experience in a Call Center Environment," 08 American Business Awards "Customer Service Department of the Year," and 08 Red Herring 100 finalist. Nomination Category: Sales Department Categories Nomination Sub Category: Sales Department of the Year - Financial Services
Nomination Title: Credit Solutions Sales Department
1. Tell the story about what this nominated department achieved since the beginning of July last year (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
In the last six months, Credit Solutions Sales Department has grown by 54%, with 262 Reps enrolling about 6,000 new clients per month, generating at least $18 million in income, and catapulting the firm into the largest for-profit debt management company in the nation. Moreover, client objections and cancellations have dropped significantly during the same period due to a concerted effort to more clearly define customer expectations about the program.
An industry innovator, Credit Solutions strives to do more than just eliminate debt; we prepare our clients on how to remain debt-free moving forward by empowering them to make sound financial decisions - and make a habit of saving. But that takes a 12- to 36-month commitment on clients' behalf.
Lauren Harris, Executive VP of Sales, is responsible for ensuring that her department has all the tools and resources at their disposal to be, in her words, "a raging success" at enrolling new clients. Ms. Harris defines Sales' mission as providing world-class customer service and focusing on results. "As soon as we walk through our doors, we have our sales hat on and we're ready to go," she said. "We can take it off when we leave, but when we're here, we are 'on.' " Under her tenure, Credit Solutions has:
• implemented a new leads system designed to reach customers within seconds of their completing an online inquiry; • installed state-of-the-art call monitoring software and data storage solutions designed to improve Reps' response time; • instituted a new verification team to follow up and confirm the accuracy of all client data; and • established a formal ethics policy to ensure that each of our Reps is doing right by our clients - all 80,000 of them. • launched a video Sales genius designed to foster best-practices among call center Reps, who can play short video clips on their desktop and immediately implement showcased techniques while on the phone with potential clients.
Such is the fast pace of the Sales environment; nevertheless, the department's turnover rate is as low as the energy level is high. In essence, it has helped set the debt management industry standard of excellence. A Q2/08 Customer Relations Metrics Benchmark Report showed Credit Solutions consistently outranked other financial services, government agencies, utilities, insurance companies, manufacturers and health care providers in a customer service comparison during April, May and June:
• 97.85% of Credit Solutions clients strongly felt they were treated as a valued customer. • 97.22% were satisfied with their service representative's level of expertise. • 96.38% said representatives took ownership for resolving their debt.
"The leadership team here has given us the ability to help grow and develop and learn from them as mentors," Ms. Harris said, citing a company-sponsored Ritz-Carlton leadership training session last summer that taught managers to "focus on our customers -- every customer, every time."
"It's an awesome opportunity to wake up and be excited to have the day unfold," she added.
2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
Please visit http://www.creditsolutions.com/about_pr.php and click on the following 2008 press releases:
Sept. 9: Credit Solutions Settles Record Debt, Sets Highest Standards in Q2/08 Customer Service Industry Survey
Aug. 18: Credit Solutions Leadership Goes Back To School Ritz-Carlton Style To Study Customer Service Best Practices
July 16: Credit Solutions Call Centers Add Robust Call Monitoring Solution, Setting New Online Customer Service Standard
June 30: Credit Solutions Eliminates More Than $600 Million in Consumer Debt
April 9: Credit Solutions Launches Integrated IT Program to Minimize Client Hold Times
See also: http://www.istockanalyst.com/article/viewiStockNews+articleid_2677425.html
http://www.cnbc.com/id/26886749
http://www.smartmoney.com/news/pr/?story=PR-20080918-001787-1125
http://www.inc.com/inc5000/2008/company-profile.html?id=200801280
3. Provide a brief (up to 100 words) biography about the leader(s) of the nominated sales organization:
Lauren Harris is Executive Vice President of Sales at Credit Solutions, the nation's largest for-profit debt management company, with $1.75 billion of unsecured debt under management. Prior to signing on with Credit Solutions, Ms. Harris spent five years at a Florida mortgage company. The top seller over the phone, she was promoted to Sales Trainer, then Sales Manager. A die-hard Seminoles fan, Ms. Harris attended Florida State University. She and her husband are now proud home owners in Dallas.
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