The customer onboarding challenge

The first impression a new customer has starts with onboarding. Manual processes create longer sign-up times. Leading to lower customer satisfaction.

Customer
Reliability
Origination
Retention
Process
Application
Satisfaction
Client
Simplicity
Loyalty
Immediate
Account

Customer onboarding has many challenges

Smart capture methods for onboarding

Customer acquisition is a critical moment for any business. Distributed and web-based capture brings them on faster, with improved satisfaction.

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The Onboarding Process from 0 to 60

Break down inefficient information silos and speed up customer onboarding with the right document scanning and management tool.

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Quick tips for a lasting first impression

Customer onboarding is a critical first stage in customer experience. After all, first impressions make lasting impacts. Evidence suggests we form first impressions in about 1/10 of a second, and that they stick with us for the duration of a relationship.

Because of this, better, faster customer onboarding translates into growth: most business leaders agree it is cheaper to retain a customer than it is to acquire one. Also, 94% of customers who have a “low-effort experience” will buy from that same company again.

Not only that, but once your customers are happily onboarded, they return the favor with of lower-touch annuity revenue.

To get both sides of the equation happy, you need to make the process as easy as possible. And that starts by reducing complexity. In the Era of Data Chaos, routine processes like customer onboarding frequently become bogged down by the sheer volume of data and documents. This leads to an onboarding process that takes too many steps and zig-zags between paper and digital touchpoints. This of course is not a good start to a long-term customer relationship. 

Streamline Customer Onboarding in 4 Quick Steps

The good news is that improving the customer onboarding process doesn’t have to be a massive undertaking. Making small improvements to customer onboarding can have a sizable impact. Change in this regard is both critical and possible - we chose the word ‘hacks’ to describe the tips below because these incremental steps have substantial pay-offs, and don’t take a great deal of time or resources.

You can move the needle - today - by streamlining customer onboarding:

1. Standardize where you can. Connect where you can’t.

Repeatability is key to increasing efficiency. If your customer onboarding looks different every time, it’s important to establish standards for interaction with new customers, including everything from the order of email and phone communication to required documentation at different stages.

It is true that some customer needs will vary and require special attention. A standard process gives you a straight line to internal efficiency, but it doesn’t give all your customers the flexibility they need in the real world. Not every customer can come into the office to make a copy of their identification, for example. But in this case, when you can accept a picture taken from a smartphone, a customer's experience is smoother, and they’re onboarded faster. Even better, modern web-capture solutions can connect to your backend systems, reducing manual effort on your part to input customer information. 

2. Use paper as an input, not an endpoint.

Customer onboarding typically relies heavily on paper. In finance, examples are account/card applications, credit reports, and loan origination documents. For law firms, it could be intake forms, depositions, and release forms. Every industry has a mountain of paper documents that come with new business. 

Customer onboarding with paper as an input is able to process information at the speed of business. Rather than relying on paper - which can only be in one place at once time - as a final record, modern customer onboarding uses web capture to quickly scan, categorize and distribute customer information to internal stakeholders.

Getting rid of the paper is one of the ways to improve customer experience management.-Doug Miles (AIIM)

For example, in financial services scenarios, tax season brings mountains of paper. Getting that paper into software quickly is critical to accounting success. For more information, read our case study about Harry Sealfon, CPA. Our Info Input solution is an industry-leading choice for reducing paper-reliance and increasing efficiency incustomer onboarding.

3. Automate needs assessment where possible.

On a first visit with a new client, much of your upfront time may be spent asking questions that are fairly routine, or gathering documents that could be submitted before the appointment. Where possible, automate. Create an online survey for onboarding questions, or allow web submission for needed signup forms. 

You save massive amounts of time on busy work, and your customers are able to complete their parts at their convenience.

4. Reach out early with helpful welcome resources.

Greeting your customers with helpful documentation and tutorials not only indicates thoughtfulness, it also improves the speed of onboarding. Welcome packets and online libraries do this by serving as customer support that works for you: customers can get their questions answered on-demand.

If left on your website or product passively, your new customers may have to go hunting for information when they need it. Much like websites, where first impressions are formed in 50 milliseconds, customers will have quick reactions to your product.

Don’t let your customers get discouraged and give up after they’ve committed to your product and your business. Proactively reach out with helpful tips and information, so they feel comfortable using your offerings and know they have support available a click away. 

A great way to do this is with a welcome series of emails. After they sign up, use marketing automation tools to serve them up a collection of emails with tips on getting started and getting the most out of your service or product.

You can also bring new levels of engagement with automated physical mailer delivery. Lob.com is a new service that enables you to “programmatically send physical mail at scale.” The value to your organization is in significantly reduced costs and increased speed.

Learn How You Can Speed Up Customer Onboarding Today

As far as experience is concerned, customers need to know you’ve done this before. You are experts at delivering great experiences with your products and services. When they are greeted by a clear outline, informed of the steps upfront, and guided effortlessly through the process, the positive first impression will pay dividends. 

 And when it comes to efficiency, it’s a simple concept with tangible implications: making a plan is always a good first step toward improvement.

What is your plan to tackle Data Chaos in customer onboarding?

To learn more about the Era of Data Chaos - and the opportunity it presents for growth - check out the infographic.

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Finance

Loan origination – Account opening – New client onboarding – Insurance underwriting – Credit reports – Abstracts and deeds – Mortgage applications

See how others conquered this challenge
Finance
Healthcare Providers

Healthcare Providers

Medical records - Healthcare proxy - Admission note - Insurance pre-authorization - Photo identification - Health insurance cards - Privacy notice - Records release

See how others conquered this challenge

Insurance

Policy quotes – Proposal forms – Certificate of insurance – Coverage notes – Claims forms – Proof of identification

See how others conquered this challenge
Insurance
Legal

Legal

Client intake forms - Deposition transcripts - Interview notes - Records release forms - Pleadings - Court documents - Evidence

See how others conquered this challenge

Retail

Title - Bill of Sale - Proof of inspection - Credit report - Proof of purchase - Warranty - Service contracts

See how others conquered this challenge
Retail
Finance

Loan origination – Account opening – New client onboarding – Insurance underwriting – Credit reports – Abstracts and deeds – Mortgage applications

See how others conquered this challenge
Healthcare Providers

Medical records - Healthcare proxy - Admission note - Insurance pre-authorization - Photo identification - Health insurance cards - Privacy notice - Records release

See how others conquered this challenge
Insurance

Policy quotes – Proposal forms – Certificate of insurance – Coverage notes – Claims forms – Proof of identification

See how others conquered this challenge
Legal

Client intake forms - Deposition transcripts - Interview notes - Records release forms - Pleadings - Court documents - Evidence

See how others conquered this challenge
Retail

Title - Bill of Sale - Proof of inspection - Credit report - Proof of purchase - Warranty - Service contracts

See how others conquered this challenge

/ Finance Expedite onboarding during tax season

Kodak scanner allows CPA’s to collect all their clients forms in one-go, freeing up time and storage.

Harry Sealfon had managed over 350 clients by himself. Eventually, document storage became a problem, and copying each specific client file became a nuisance. He needed a solution to scan documents into his computer to save time and storage space.

I wanted to have a client come in, sit down, hand me their input, put it in my scanner, chat with them for a couple minutes, and hand their documents back to them.

/ Finance Insurance claims processing in the field

Distributed scanning lets agents onboard customers real-time

Insurance field agents were using an inefficient and expensive paper-based system. Important documents had to be collected, packaged, and sent overnight to the home office for processing. This made the customer onboarding process laborious and frustrating.

It's a great example of how the right technology can turn an inefficient manual process into a highly effective digital one.

/ Healthcare Providers Upscaling medical records scanning

Kodak Alaris offers a fast, flexible, and cost effective solution to messy patient files and high volume scan needs.

To stay competitive in the market, DataScan needed a document scanning system for their high volume of patient records.

High volume scanners are perfect for processing documents like invoices which are very standardized. You load them up, press scan and walk away.

/ Insurance Insurance Company shortens the timeframe needed to issue policies

Kodak Alaris scanners backed by local service and Support leads to a competitive advantage for Zurich International Life

The insurance industry is very competitive and customers expect their agents to quickly respond to their needs. The key to success is delivering an automated process, backed by top quality scanners and fast service.

We have been pampered when it comes to Kodak Alaris. On the service front, there has never been a downtime issue or escalation. 

/ Legal Law firm clients lighten their workloads

Kodak Alaris was key to 15-20% services increase

TMG staffers were spending 75% of their time duplicating legal documents by photocopying or scanning, and had no way to extract relevant information from the documents.

TMG’s services increased 15-20% and saved over $30k on the cost of leasing trucks.

/ Retail Car dealer has a smooth ride with digital information

Kodak Alaris helped create a smooth flow of digital information across multiple dealerships

Gosch Group of automotive dealerships creates 250,000 plus documents per month. Each new customer creates piles of paperwork. Using paper-based systems, the dealerships stored documents off site and were running out of room.

On a scale of one to ten, I’d say we are at a nine plus in satisfaction.

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