Press Releases

New findings by LIMRA and Vymo Show How Insurance Companies Can Support the New Generation of Workforce.

Sucheth Shetty — Fri, 08 Mar 2024 04:12:27 +0000

The report features interviews with industry experts and young agents, explaining what Millennials and Gen Z seek from their insurance careers, their technology preferences, and how carriers can help them grow in their roles.

This new generation is navigating an era of unprecedented changes, from the aftershocks of the COVID-19 pandemic to the silent resignations, layoffs, and a heightened awareness around mental health. But even amidst global economic uncertainties, the allure of traditional perks like job security and financial opportunities, though still important, has been overshadowed by a significant shift in aspirations.

Vymo, the leading Sales Engagement Platform for financial institutions, in collaboration with LIMRA, the largest trade association supporting the insurance and related financial services industry, recently released a report to understand how Millennials and Gen-Zs want to live and work. Titled ‘The Bridge’, it provides perspectives and frameworks to help insurance companies support the younger demography joining the workforce.

Visit www.vymo.com to download the report.

In-depth conversations with insurance organizations, agents, and experts reveal that today’s candidates are gravitating towards roles with the potential to create substantial societal impact and the promise of making a meaningful difference. There is a strong emphasis on the ability to help people. One of the senior agents interviewed said, “It’s not just about selling; it’s about influencing and shaping the future.”

As the industry responds to these new priorities, technology will play an evolving role in simplifying seller activities. “Magic happens when you combine technology with people. Learning how they fit together is the future of the insurance business,” said a senior insurance business leader who participated in the survey. The report provides a framework to reassess the sales tech stack to align with the needs of the modern workforce – not just as tools to improve efficiency but also as a means for empowerment.

Technology will be utilized to expedite sales and operational procedures to allow agents shift their focus from administrative tasks to their core mission: offering nuanced, tailored support to clients. This is especially relevant in the insurance industry, where agents can offer vital guidance during critical life moments. The new age sales tech stack equips agents to accomplish this purpose-driven work, reinforcing their role as trusted advisors in their clients’ lives.

“Millennials and Gen Zs are so used to intuitive experiences outside work and I feel bringing this kind of a tech-rich, insights-led, automated experience in the Insurance space can play a huge role in wooing them. We collaborated with LIMRA on this report to deeply understand the Millennial and Gen Z workforce and to identify the factors that will bring them back to work in the Insurance space.” says Yamini Bhat, Co-Founder and CEO of Vymo.

The report is engaging, insightful, and provides key learnings on understanding the motivations of today’s generation, helping insurance business leaders build effective strategies to attract and retain a modern salesforce. The report can be accessed for free at: https://resources.vymo.com/the_bridge

About Vymo

Gartner recognizes Vymo as a Representative Vendor in the Sales Engagement Market Guide.

Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann India Investments and is also a winner of CB Insights’ Demo Day and Microsoft’s ‘AI for All’ awards.

About LIMRA

Serving the industry since 1916, LIMRA offers industry knowledge, insights, connections, and solutions to help more than 700 member organizations navigate change with confidence. Visit LIMRA at www.limra.com.

Relevant Links

Download The Bridge Report: https://resources.vymo.com/the_bridge

The next frontier of sales software: https://youtu.be/kpQaE35f4X8?si=uP-45xBNAI6NUWhC

Media Contact

Annapoorna Ramanath

pr@getvymo.com

The post New findings by LIMRA and Vymo Show How Insurance Companies Can Support the New Generation of Workforce. appeared first on Press Releases.

Engaging new prospects within the first 60 minutes can boost sales conversion by 50% during the holiday season: Vymo study

Sucheth Shetty — Thu, 09 Nov 2023 05:53:28 +0000

Vymo, the sales engagement platform of choice for financial institutions, has released a comprehensive study uncovering the critical importance of timely lead engagement in driving conversion rates. As the holiday season approaches, businesses in the financial industry gear up to meet the surge in consumer demand. In this competitive landscape, converting new prospects into sales becomes crucial for driving growth and success.

The comprehensive study, which combines surveys and product-usage data, provides valuable insights for businesses seeking to optimize their sales strategies. One key insight stands out: the critical importance of early engagement. The analysis found that leads engaged within 60 minutes have a conversion rate exceeding 50%, highlighting the power of prompt and timely interaction. On the other hand, waiting beyond 8 hours for the first engagement resulted in a conversion rate below 3%, underscoring the negative impact of delays on conversion rates.

“Timely engagement plays a crucial role in converting leads into customers. It is important to strike the right balance when initiating the purchasing process,” says Saurabh Kunj, Vice President – Product, Vymo. “If you approach your leads too early, you run the risk of losing their trust. However, if you wait too long, they may lose interest or be swayed by competitors. Timely follow-ups ensure that leads are engaged at the right moment, keeping their interest alive and increasing the chances of successful conversion,” he adds.

Furthermore, the study highlighted a significant variance in performance among sales representatives. Top performers demonstrated an impressive average of 3 meetings per day, while bottom performers had only 0.5 meetings. This stark difference in behavior directly correlates with their respective performance levels, emphasizing the need to bridge the performance gap through training and support.

Vymo Recommends Strategies for Insurance Business Leaders

To empower insurance business leaders in maximizing the potential of the holiday season and optimize lead conversion, Vymo proposes the following strategies:

Establish a robust lead engagement process prioritizing swift response times and timely follow-ups. Minimizing delays between lead generation and engagement is paramount in sustaining customer interest and enhancing conversion rates.
Adopt a systematic approach to nurturing leads, ensuring every interaction adds value and brings prospects closer to conversion. Enable regular follow-ups and personalized interactions to significantly elevate conversion rates.
Use satisfied clients as references and advocates. Proactively seek references from converted clients, tapping into the latent potential of word-of-mouth marketing to drive growth.
Address the performance gap among sales representatives. Identify best practices from top performers and establish coaching programs to elevate the sales team’s overall performance.

By embracing these strategies, businesses in the financial industry can capitalize on the opportunities of the holiday season and unlock incremental growth.

For more information about the finding, please reach out to hello@getvymo.com

About Vymo

Gartner recognizes Vymo as a Representative Vendor in the Sales Engagement Market Guide.

Relevant Links

Know more about Vymo – https://vymo.com

Watch how Vymo can help convert more leads – https://youtu.be/W8KODHivO_U

Media Contact:

pr@getvymo.com

The post Engaging new prospects within the first 60 minutes can boost sales conversion by 50% during the holiday season: Vymo study appeared first on Press Releases.

Gartner accredits Vymo for developing Intelligent Applications in 2023 Gartner Emerging Tech Impact Radar: Artificial Intelligence for Insurance Report

Sucheth Shetty — Thu, 21 Sep 2023 10:51:21 +0000

Vymo, the world’s leading sales engagement platform for financial institutions, has been recognized in the 2023 Gartner® “Emerging Tech Impact Radar: Artificial Intelligence in Insurance” report for improving sales productivity through predictive and prescriptive analytics. The report examines how emerging technologies and trends influence the development of AI-powered products and services in the insurance industry.

Gartner states, “The massive data footprint within insurance companies, including the large number of disparate systems, will drive the need for data fabric in the future as insurers improve data availability for decision making, automation and unlocking new insights.”

Vymo’s mobile-first interface automatically captures client engagement activities, such as calls, meetings, and emails, without any manual intervention. With clean, complete, and accurate data, the platform’s innovative use of AI technologies provides data-backed insights and personalized guidance for better decision-making.

Vymo also analyzes the sales behaviors of high-performing agents and creates engagement best practices and playbooks for different personas. It prompts users to replicate profitable behaviors through contextual nudges and interventions to improve the productivity of the entire salesforce. With dynamic customer engagement strategies, agents can foster long-lasting client relationships, driving business growth and success. This cutting-edge approach to sales productivity is transforming the industry and propels Vymo to the forefront of AI innovations in the insurance sector.

Commenting on the news, Venkat Malladi, CTO and Co-Founder of Vymo, says, “The insurance industry is undergoing a period of rapid change, and emerging technologies like AI are playing a key role in shaping its future. We’re proud to be at the forefront of AI innovations in the sector, and we’re excited to continue pushing the boundaries of what’s possible with predictive and prescriptive analytics. We’re honored to be recognized by Gartner for our contributions to this space.”

About Vymo

Vymo is the Sales Engagement Platform of choice for 350,000 salespeople across 65+ Global Financial Institutions such as AIA, Berkshire Hathaway, Generali, AXA, Sunlife, and HDFC Bank. The platform drives productivity bottom-up through nudges and interventions across the customer lifecycle. Vymo has been recognized by Gartner as a Representative Vendor in the Sales Engagement Market Guide, and by Forrester as a ‘Strong Performer’ in The Forrester Wave 2022 report. Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann India Investments.

Relevant links

Watch Vymo in action: https://youtu.be/x-kxnDUAI84?si=WRLe_eJUmL909RXo

Get a personalized demo: https://vymo.com/request-a-demo/

Media Contact

pr@getvymo.com

The post Gartner accredits Vymo for developing Intelligent Applications in 2023 Gartner Emerging Tech Impact Radar: Artificial Intelligence for Insurance Report appeared first on Press Releases.

Vymo joins the LIMRA roster to empower the Insurance community

Vymo — Sun, 10 Sep 2023 10:26:18 +0000

Through the membership, Vymo will help insurers understand emerging distribution trends and challenges to help navigate the shifting business landscape

Vymo, the leading Sales Engagement Platform for Insurance, has announced its membership with LIMRA, the largest trade association supporting the insurance and related financial services industry.

Despite carriers investing millions of dollars in implementing tools to support field teams, adoption numbers have remained abysmally low. The poor user experience with complicated workflows and frequent updates in most distribution systems adds to the overheads.

Vymo has solved these problems through its mobile-first approach that captures sales activities like calls, meetings, and emails automatically and nudges next best actions intelligently in the moment. Vymo also improves these recommendations and builds playbooks for distribution based on data. This has resulted in Vymo having a phenomenal Daily Active Usage (DAU) of >75%.

“We are excited to join the LIMRA community to help industry leaders navigate the changing landscape of insurance distribution,” says Yamini Bhat, CEO of Vymo. “We are constantly investing in improving our solution. Given that we work with leading carriers across the globe, the idea is to cross-fertilize our learnings and share that with the community here. Together, we can deliver a step change in improving the way insurance policies are sold here in the US.”

Vymo was recently recognized as the #1 financial services CRM by users in G2, the largest and most trusted software marketplace, with G2 users especially noting that Vymo’s mobile experience was unparalleled. Leading global market research company, Forrester, recognized Vymo as a ‘Strong Performer’ in Sales Engagement, ahead of conventional CRMs like Salesforce, again emphasizing on Vymo’s intuitive mobile experience. Research and Advisory firm, Gartner, has recognized Vymo as a Cool Vendor in CRM and has subsequently mentioned it in multiple reports including the Hype Cycle and the Market Guide.

Vymo’s Co-founder & CTO Venkat Malladi and Director – Sales, John Behn, will be leading a session at the LIMRA Wholesaler Leadership Summit on 10^th May (Wednesday) on how today’s wholesalers can maintain trust with carriers and financial professionals and demonstrate how sales engagement technologies can help them ride the tide of changes in the industry.

About Vymo

Vymo is recognized by Gartner as a Representative Vendor in the Sales Engagement Market Guide and by Forrester as a ‘Strong Performer’ in the 2022 Wave Report on Sales Engagement Platforms.

Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann Investments and is also a winner of CB Insights’ Demo Day and Microsoft’s ‘AI for All’ awards.

Resources

Watch Vymo in action – https://youtu.be/W8KODHivO_U

Explore platform capabilities – https://vymo.com/request-a-demo/

Comprehensive guide to Sales Engagement Platforms – https://vymo.com/seg

Media Contact

Gunjan Saha

pr@getvymo.com

The post Vymo joins the LIMRA roster to empower the Insurance community appeared first on Press Releases.

Vymo achieves a Net Promoter Score of 54; becomes one of the highest-rated enterprise SaaS platforms in the world.

Vymo — Wed, 23 Aug 2023 15:28:08 +0000

Vymo’s Net Promoter Score has increased by 19 points as a result of implementing a more user-friendly and intuitive mobile interface that aims to improve productivity bottom-up and optimize sales processes.

Vymo, the world’s leading sales engagement platform for financial institutions, reported that it has achieved a high Net Promoter Score of 54, which is a +19 increase since providing an upgraded mobile interface that maximizes productivity and enhances the overall sales process for agents, managers and business leaders. The improvement in user experience is based on the latest quality survey, which is done every quarter.

After analyzing previously collected reviews, Vymo has streamlined its interface, allowing users to view critical information, such as lead engagements & checkpoints, and account health, in a single pane of glass view. This enhancement has helped users reduce switching between various systems for information, with everything available via a single window.

In addition, the platform’s intelligence layer that guides users proactively towards successful sales outcomes has also been optimized to provide a highly engaging experience to the end user. Agents are guided towards converting a lead through reminders, alerts, next best actions, and best practices, powered by Vymo Nudge engine.

More about Vymo’s Improved Nudge Engine

Vymo’s intelligence engine is built on the premise that activities drive outcomes. A Nudge is a prompt to an action. It could be an alert, a reminder, or a product recommendation. Through a Nudge, Vymo can surface the right insights to the right users at the right time. This drives positive behavioral shifts in users, leading to a greater occurrence of best actions and, therefore, an improvement in sales metrics

A few ways in which the new, optimized nudge delivery mechanism solves user problems are:

Reminders make sure users don’t miss any scheduled calls/meetings;
Alerts ensure that users are able to pre-empt escalations and avoid missing deadlines to close targets on time to stay on top of their game. Also, sales managers are able to complete their planned tasks on time, track team progress, track business anomalies, and intervene at the right time to coach their teams to success;
Announcements help sales reps and managers stay on top of important updates,
Suggestions optimize users’ time well by surfacing relevant next-best-actions at the right time.

Vymo generates over three million nudges every month to help users achieve their goals and business targets efficiently and engage with buyers & partners effectively.

“Vymo’s user interface is designed for simplicity and is useful to stay on top of pending customer interactions. It reminds me about upcoming sales engagements and tells me everything I need to know about the customer. It’s like a digital personal diary,” says a senior Relationship Manager at one of the world’s largest financial service institutions.

Yamini Bhat, CEO of Vymo, said, “Customer obsession defines what we do at Vymo. We dive deep to understand the challenges our customer is facing and try to solve them like no one else can. Understanding what our customers need and relaying this information back into the product to enhance it is vital to our growth journey. Hence a customer satisfaction score like NPS is a key performance indicator for us.”

Earlier this year, Vymo achieved a Leader ranking in the Financial Services CRM category on G2, and is recognized among notable vendors by Forrester, one of the most influential research and advisory firms in the world, in ‘The Financial Services CRM Landscape, Q2 2023’ report.

About Vymo

Gartner recognizes Vymo as a Representative Vendor in the Sales Engagement Market Guide.

Relevant Links

Know more about Vymo – https://vymo.com/

What industry leaders have to say – https://youtu.be/w1ieu9aVUio

Media Contact

Gunjan Saha

pr@getvymo.com

The post Vymo achieves a Net Promoter Score of 54; becomes one of the highest-rated enterprise SaaS platforms in the world. appeared first on Press Releases.

Vymo recognized in the Gartner Hype Cycle for Revenue and Sales Technology, 2023.

Vymo — Thu, 03 Aug 2023 09:43:59 +0000

The sales engagement platform of choice for large enterprises, Vymo has been mentioned as a sample vendor on the ‘Slope of Enlightenment’ by the global technological research and consulting firm.

Vymo, the world’s leading sales engagement platform of choice for financial institutions, has been mentioned as a sample vendor on the ‘Slope of Enlightenment’, representing cutting-edge technologies whose benefits are starting to be understood and gaining a foothold in the market. Gartner pegs the benefits of a sales engagement platform to ‘high’ and reports that the market penetration of sales engagement platforms is between 20-50% , underlining its adolescent phase.

Vymo has been mentioned as a sample vendor representing cutting-edge technologies whose benefits are starting to be understood and gaining foothold in the market.

Revenue and sales technologies today are evolving and maturing to improve both buyer and seller experiences. To understand the maturity of these technologies and they continue to evolve, Gartner recently released the Hype Cycle for Revenue and Sales Technology, 2023.

According to the report, “Sales engagement applications (SEAs) have emerged to serve as the primary system of action and user interface for daily B2B seller activities. SEAs optimize seller productivity with multichannel engagement, workflow execution and artificial intelligence

(AI)/automation into a single interface. Buyers need sellers to exceed expectations at every interaction on their preferred — and increasingly digital — channels. SEAs streamline how sellers orchestrate sales activities and deal workflows.”

Yamini Bhat, Co-Founder and CEO of Vymo, said, “As sales and revenue technologies continue to evolve, we are thrilled to be at the forefront of some of those changes with Vymo. We believe our mobile-first platform compliments the technologies and workflows our clients already have in place and digitally transform their sales & distribution channels.” She adds, ”Our clients report a step change improvement in salesforce productivity and quality of customer engagements within six weeks of going live with Vymo.”

Vymo works with some of the largest banks and insurance companies globally and has emerged as the unequivocal technology front-end for sellers. It integrates with core systems and provides a 360-degree view of the customer in a single window. Vymo captures sales engagement activities automatically and learns what top-performing salespeople are doing. It identifies winning behaviors and creates engagement playbooks to build sales cadence at the organizational level.

About Vymo

Vymo (www.vymo.com) is the Sales Engagement Platform of choice for 350,000 salespeople across 65+ Global Financial Institutions such as AIA, Berkshire Hathaway, Generali, AXA, Sunlife, and HDFC Bank. The platform drives productivity bottom-up through nudges and interventions across the customer lifecycle.

Gartner recognizes Vymo as a Representative Vendor in the Sales Engagement Market Guide.

Relevant Links

Know more about Vymo – https://vymo.com/

Watch Vymo in action – https://www.youtube.com/watch?v=x-kxnDUAI84

Media Contact

Gunjan Saha

pr@getvymo.com

The post Vymo recognized in the Gartner Hype Cycle for Revenue and Sales Technology, 2023. appeared first on Press Releases.

Indocyber partners with Vymo to support Banks and Insurers with mobile-first sales and distribution technologies.

Vymo — Wed, 26 Jul 2023 11:14:52 +0000

Vymo, the world’s leading sales engagement platform for financial institutions, has partnered with Indocyber Global Teknologi, an integrated information and technology system provider. Indocyber is dedicated to delivering highly effective solutions in the field of Information Systems. By leveraging Vymo’s cutting-edge platform and Indocyber’s expertise in delivering digital transformation solutions, banks and insurance companies can deliver a mobile-first sales experience to their frontline teams.

Indonesia has one of the highest numbers of mobile internet users in Southeast Asia: 73.7% of the total population uses mobile internet, according to Datareportal. Although banks and insurance companies are quickly adopting digital technologies, the workforce of tomorrow in the BFSI industry needs to learn desktop-based legacy systems with minimal training.

To address this challenge, Indocyber, with its strong leadership in the financial industry, has partnered with Vymo to offer its clients an intelligent and intuitive mobile front-end application for field agents and relationship managers. Vymo eliminates the challenges associated with outdated, hard-to-use legacy systems. Context-aware automation captures and updates engagement data automatically and offers real-time performance reports to line managers, giving them complete visibility into their teams’ progress.

Additionally, Vymo learns how top-performing agents engage with customers and nudges best behavior’s across the entire team. This helps improve productivity and eliminates the need for manual CRM record updates.

Rajesh Sabhlok, Managing Director – Asia Pacific, Vymo, says, “In today’s world, customers as well as users demand personalized service with minimal waiting time. The partnership with Indocyber will help banks and insurance companies adopt cutting-edge sales and distribution technologies to deliver this kind of one-tap experience. Conventional CRMs do not equip sales teams with the necessary insights to effectively engage with customers. We are excited about our partnership and will continue to invest in bringing the latest in sales and distribution technology to the region.”

Kresno Budoyo, Director of Indocyber, also stated, “As part of our commitment and collaboration with Vymo in the financial sector, we expect Vymo to provide products and solutions that not only focus on technology but also bring added value to the end users. Moreover, the key feature of the sales engagement platform, which can replicate the best practices and methods of top-performing sales, can be effectively applied to other sales teams.

Furthermore, Indocyber can play a role as a local support and development partner for Vymo in Indonesia.”

Vymo is used by major banks and insurance companies globally to increase sales productivity, devise effective customer engagements, and address buyer needs with bottom-up insights and collaboration. While traditional desktop-based CRM systems typically have a user adoption rate of less than 30%, Vymo reports that over 75% of its users engage with the platform on a daily basis.

About Vymo

Gartner recognizes Vymo as a Representative Vendor in the Sales Engagement Market Guide.

Relevant Links

Know more about Vymo – https://vymo.com

Watch how Vymo can help convert more leads – https://youtu.be/W8KODHivO_U

Media Contact

pr@getvymo.com

The post Indocyber partners with Vymo to support Banks and Insurers with mobile-first sales and distribution technologies. appeared first on Press Releases.

Vymo and Duck Creek partner to deliver Superior Agent Management Experience for P&C Insurers

Vymo — Wed, 03 May 2023 17:45:48 +0000

Vymo will be a mobile-first frontend for P&C Insurers in the Duck Creek ecosystem and drive efficiency across agent networks.

Vymo, the leading Sales Engagement Platform for Insurance, has announced a solution partnership with Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, to offer P&C insurance insurers the flexibility they need to manage their agent networks. With Vymo’s easy-to-use, mobile-first platform, insurers can quickly adopt Duck Creek solutions and drive adoption.

The insurance workforce of tomorrow needs to adopt legacy systems with minimal training. However, adoption numbers remain woefully low, which results in most enterprise CRM deployments failing to deliver the expected benefits. To address this challenge, Duck Creek, with its Distribution Management product, has partnered with Vymo to offer its clients an intelligent and intuitive mobile front-end application for field agents and producers.

Vymo removes the difficulties associated with outdated, hard-to-use legacy systems. Its mobile-first interface is “context-aware” and automatically detects engagement activities and reports individual agent performance to line managers in real-time. This provides complete visibility into their teams’ day-to-day progress. Additionally, Vymo analyzes the master data source and offers contextual assistance to agency managers, helping improve productivity and avoid the need for manual CRM record updates.

“P&C insurance products require a high degree of customer involvement to understand their unique needs. Vymo’s mobile interface makes it easy for our partner insurers to deliver an outstanding buying experience that is tailored for each customer,” says Ken O’Sullivan, Sr. Director, Product Management at Duck Creek Technologies. “Vymo has developed world-class capabilities working with some of the largest insurance companies globally, and together, we look forward to helping our clients succeed,’ he adds.

Yamini Bhat, CEO of Vymo, says, “We are excited to partner with Duck Creek Technologies’ leading SaaS platform for P&C insurers and offer our AI-enabled sales engagement platform to their customers. With Vymo’s intuitive interface and intelligent insights, insurance insurers will drive more business with their wholesaler/territory manager-driven distribution, faster speed to market, providing an exceptional customer experience.”

Vymo is trusted by more than 350,000 salespeople across 65+ global enterprises, including AIA, Berkshire Hathaway, and Generali. This partnership with Duck Creek Technologies will provide insurers with an end-to-end solution that simplifies their sales processes and helps them stay ahead of the digital transformation curve.

About Vymo

Vymo is recognized by Gartner as a Representative Vendor in the Sales Engagement Market Guide and by Forrester as a ‘Strong Performer’ in the 2022 Wave Report on Sales Engagement Platforms.

Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann Investments and is also a winner of CB Insights’ Demo Day and Microsoft’s ‘AI for All’ awards.

Resources

Watch Vymo in action – https://youtu.be/W8KODHivO_U

Explore platform capabilities – https://vymo.com/request-a-demo/

Comprehensive guide to Sales Engagement Platforms – www.vymo.com/seg

Media Contact

Gunjan Saha

pr@getvymo.com

The post Vymo and Duck Creek partner to deliver Superior Agent Management Experience for P&C Insurers appeared first on Press Releases.

Salespeople vote Vymo as a Leader in Financial Services CRM on G2

Vymo — Wed, 12 Apr 2023 11:03:35 +0000

Based on reviews collected by users, Vymo has been recognized as a Leader in G2 Spring 2023 Grid® Report.

Vymo, the sales engagement platform of choice for the world’s leading financial institutions, has achieved a Leader ranking in the Financial Services CRM category on G2, the world’s largest and most trusted software marketplace. G2 scores and ranks products to help technology leaders compare and evaluate platforms and simplify the buying process.

Vymo offers an industry-first one-tap mobile sales experience – comparable to the ease and convenience of leading B2C applications such as Uber, Amazon & Netflix. Its intuitive user interface seamlessly ties into an agent or relationship manager’s daily activities and helps them orchestrate customer engagements, automate workflow execution, and simplify sales reporting.

As a result, Vymo has set new benchmarks for enterprise applications, reporting a Daily Active Usage of over 75%, with users spending an average of 60 minutes on the platform every day.

Vymo captures sales activities automatically without any manual intervention and then nudges next best actions based on the winning behaviors of top performers. It helps sales functions improve sales productivity bottom-up and directly impact revenue outcomes.

“We’re thrilled with this recognition. Over the years, we have made significant investments on deep verticalization for BFSI and being the single pane of glass for our users across the globe. We’re glad that these efforts have paid off,” says Venkat Malladi, Co-founder & CTO of Vymo. “We are committed to providing the best and most innovative user experience to agents, relationship managers, wholesalers, producers, and other sales users in the Banking, insurance, and Financial Services industries,” he adds.

About Vymo

Vymo (https://vymo.com) is the Sales Engagement Platform of choice for 350,000 salespeople across 65+ Global Financial Institutions such as AIA, Berkshire Hathaway, Generali, AXA, Sunlife, and HDFC Bank. The platform drives productivity bottom-up through nudges and interventions across the customer lifecycle.

Gartner recognizes Vymo as a Representative Vendor in the Sales Engagement Market Guide and by Forrester in the 2022 Wave report on sales engagement platforms.

Resources

Watch Vymo in action – https://youtu.be/W8KODHivO_U

Comprehensive guide to Sales Engagement platforms – https://vymo.com/resources/ebook/seg/

G2 Grid® for Financial Services CRM – https://www.g2.com/reports/d86e1c29-fe34-4f5f-974e-97f4be5d6953/preview?product=vymo

Media Contact

Gunjan Saha

pr@getvymo.com

The post Salespeople vote Vymo as a Leader in Financial Services CRM on G2 appeared first on Press Releases.

Vymo recognized in the 2023 Gartner® Market Guide for Sales Engagement Applications

Vymo — Thu, 30 Mar 2023 10:01:09 +0000

Vymo, the leading Sales Engagement Platform for Financial Institutions, has been recognized in the Gartner Market Guide for Sales Engagement Applications for the second time. The 2023 report provides objective insights to CXOs, Business, and IT leaders about how emerging sales & distribution technologies can benefit them.

Vymo solves over 18 industry-relevant use cases with AI nudges & industry playbooks.

Gartner notes, “Sales engagement applications streamline how sellers orchestrate sales activities and deal workflows at scale. They optimize seller productivity by combining three key capabilities into a single interface: multichannel engagement, workflow execution, and time-saving AI/automation.”

Vymo has emerged as the technology front end for financial institutions. It integrates with core systems and provides a 360-degree view of the customer in a single window. Vymo captures sales engagement activities automatically and learns what top-performing salespeople are doing. It identifies winning behaviors and creates engagement playbooks to build sales cadence at the organizational level. It unlocks the potential of your customer data and enables your salesforce to delight customers during every interaction.

Based on the report, “Vymo is recommended for distributed sales organizations operating in the banking, financial services, and insurance industries demanding a remote-first experience. ”

Get complimentary access to the full research: https://www.gartner.com/reprints/?id=1-2D1XXC4O&ct=230328&st=sb

“We are thrilled that Gartner has recognized us. Improving sales orchestration and execution has emerged as a big differentiator among top financial institutions to win new customers, build stronger relationships, and drive business profitability. We are proud to work with the largest banks and insurance companies in the world and continue to build the sales engagement category further,” says Yamini Bhat, CEO of Vymo.

In less than six weeks of going live, Vymo delivers tangible benefits to frontline agents, managers, and sales leaders. As a result, the Daily Active Usage (DAU) is 75%, which is comparable to even top consumer applications such as Instagram and Slack. Today, Vymo works with over 65 banks, insurance companies, and financial services institutions, including –

Top 20 banks in the world to double their growth in customer acquisitions;
Asia’s #1 Insurer: 5.4X increase in customer engagement;
Fortune 500 Life Insurer: 26% increase in lead conversion within a week

For more information, read Gartner, Market Guide for Sales Engagement Applications, By Dan Gottlieb, Keith Jones, Roland Johnson, Amy Jenkins, Guy Wood, 27 March 2023.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Vymo

Vymo is recognized as a Strong Performer in the Forrester Wave for Sales Engagement.

Vymo has raised over $45M in funding from Sequoia Capital, Emergence Capital, and Bertelsmann India Investments.

For more information, visit www.vymo.com

Resources

Download the Report – https://pages.vymo.com/gartner-market-guide-for-sales-engagement-applications/

Watch Vymo in action – https://youtu.be/9saePnvir4M

Understand what Vymo can do for you- https://www.vymo.com/request-a-demo

Media Contact
Gunjan Saha

pr@getvymo.com.

The post Vymo recognized in the 2023 Gartner® Market Guide for Sales Engagement Applications appeared first on Press Releases.