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Acquiring new customers costs far more than retaining existing ones, making customer service essential for financial businesses. As support costs rise and expectations grow, AI-powered tools help automate routine queries, improve efficiency, and free agents to focus on complex issues. Here are seven AI platforms helping financial companies reduce support costs while improving service quality.
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Choosing the wrong procurement request can cost more than choosing the wrong vendor. Many businesses skip RFI, RFQ, and RFP to speed up vendor selection, but this often leads to poor decisions and vendor issues. Understanding the differences and proper use of RFI vs RFQ vs RFP helps businesses choose the right vendor at the right stage.
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