[October 04, 2018]

Verint Community Modernizes Self-Service, Driving Deeper Customer Relationships

Verint^® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company^™, today announced enhancements to its Community^™ solution, available in the cloud or on-premises. The Community solution is an important component of the company's automated Intelligent Self-Service portfolio, which includes web self-service, knowledge management (KM), intelligent virtual assistant (IVA) and interactive voice response (IVR). Customer communities enable enterprises to grow their self-service strategy, providing customers with a private online site to find relevant information, share experiences and get technical assistance, all without requiring the interaction of a representative within an enterprise.

The enhancements are part of Verint's (News - Alert) strategy to help organizations meet growing consumer preferences for more automated self-service interactions. Gartner expects "self-service customer interactions to increase from 48% to 64% of the total within the next five years, partly due to the augmentation of AI technologies."¹

Conquer the Self-Service Challenge with Automation

"Companies have been trying to conquer the self-service challenge for over a decade, and communities are one that should be at the forefront," says Verint's GM of Intelligent Self-Service, Michael Southworth. "Consumers are still craving some form of human interaction along with their self-service journey. Through communities, customers can interact directly with their peers, receive real-time answers, responses and validation from fellow consumers and organizations alike. Even though communities require little employee involvement on the enterprise side, they are a very important part of a company's overall customer experience (CX) strategy because they provide a critical forum to exchange ideas, questions and best practices."

While reducing demand for support, Verint's Telligent Community offering integrates with Knowledge Management (KM) to automate content synchronization and search indexing, providing a structured way for members of the community to find information and answers to their questions on their own. This integration enables continual updates to an enterprise's knowledge base that are derived from customers' most frequently asked questions and issues. It can also help enterprises capture customer feedback, and identify customer needs and preferences-using the information for product development, marketing strategy and to drive search engine optimization (SEO). Feature upgrades include:

• Robust reporting enhancements-Companies gain valuable insights and ROI metrics for their community by understanding the details of customer interactions. With automated drilldown reports, managers can easily see the details behind the numbers, and the reports can be exported for offline consumption. Community managers and customer experience leaders now have a dashboard of important community health metrics available to them with dynamic and interactive visualizations.
• Site theming experience enhancements-Simplified theming enables easy branding and customization of the community site's interface in a matter of minutes. A new theme studio offers advanced theme editing within the site to provide customers with a quality, engaging online experience that increases self-service use and return visits.

"Verint is unique in that we offer our customers solutions to simplify, modernize and automate customer engagement, including powerful Artificial Intelligence-based self-service solutions across both voice and digital channels," said Southworth. "Our Community solution is a valuable addition to any enterprise because it provides a new dimension to self-service customer engagement, giving customers a rich interaction experience while requiring little human resource investment. Additionally, AI is always working in the background to route customer requests to the right person if the customer needs additional answers or support."

To learn more about Verint's Intelligent Self-Service cloud or on-premises offerings, click here.

About Verint Systems Inc.

Verint^® (Nasdaq: VRNT) is a global leader in Actionable Intelligence^® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, over 10,000 organizations in more than 180 countries-including over 85 percent of the Fortune 100-count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we're creating A Smarter World with Actionable Intelligence^® at www.verint.com.

¹ Gartner (News - Alert), "How Co-browsing Can Differentiate Your Customer Service," 22 September 2017

This press release contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2018, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2018, and other filings we make with the SEC (News - Alert). The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT COMPANY, NEXT IT, OPINIONLAB, TERROGENCE, SENSECY, CUSTOMER ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, EDGEVR, RELIANT, VANTAGE, STAR (News - Alert)-GATE, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

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