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Bagy launches cashback tool for retailers

A Bagy, LWSA's online store platform, announces the launch of a new cashback tool that allows merchants to offer refund programs to their customers. This strategic initiative aims not only to increase sales but also to promote repeat purchases, strengthening the competitiveness of online entrepreneurs. With this solution, which will be made available free of charge according to the plan contracted by the retailer on the platform, entrepreneurs can configure the program according to their specific needs, establishing enrollment rules and personalized reimbursement percentages for each purchase.

Pedro Fonseca, CMO at Bagy, highlights the advantages of the new tool: “As e-commerce matures, it is essential that retailers not only attract new customers, but also encourage repeat purchases. Cashback offers an additional sales appeal, benefiting both retailers, who increase their business opportunities, and customers, who save on their purchases. We are excited about the launch of cashback and believe it will be a great boost for our retailers.”

Additionally, merchants have the option to offer a fixed percentage of cashback, such as 10% on all purchases, or a variable percentage, adjusted according to the order value range. Finally, it is possible to customize the credit release day, the expiration period, and the product categories covered by the program, providing a more attractive and dynamic shopping experience for consumers.

Avaya and Verint Expand Partnership to Develop Advanced AI Solutions

Avaya, the global enterprise customer experience (CX) company, announced the strengthening of its partnership with Verint, The CX Automation Company™. The ongoing commitment between Avaya and Verint, which has lasted for decades, has solidified their position as leaders in the enterprise CX sector, enabling joint clients to innovate and deliver enhanced customer experiences.

This partnership provides companies with Verint solutions and AI-based bots, fully integrated intoAvaya Experience Platform™ . Additionally, it provides flexibility to clients, allowing the contact center environment to be customized to meet their specific needs, whether on-premises or in the cloud. True to its "Uninterrupted Innovation" strategy, Avaya, in collaboration with Verint, enables brands to innovate and add new features through different deployment methods without risking business disruptions.

Avaya customers have access to over 50 AI-powered bots through the Verint Open Platform. These solutions, which include AI and Gen AI, are available for both on-premises deployment and in the cloud. Many of these clients are already achieving AI business results for a variety of Avaya clients.

Verint recently announced new bots to complement its rapidly expanding offering:

  • Verint Agent Copilot bots automate specific contact center tasks and can double the agent's capacity.
  • The Verint Knowledge Automation Bot uses generative AI to search across various enterprise content sources and summarize the results into a single, easy-to-understand, and quick response to customer inquiries.

Verint also expanded its business analytics solutions portfolio for contact centers, aimed at business leaders, business analysts, and IT teams, with the addition of Verint Genie Bot. The new bot is integrated with Speech Analytics, Verint's leading market solution, and uses customer interaction data to inform business decisions in the contact center, as well as providing insights in days rather than weeks or months.

"Our long-standing partnership with Verint is based on a mutual commitment to empower organizations worldwide with innovative solutions for customer experience," says Eric Rossman, GVP of Partnerships and Alliances at Avaya. The continuous alignment between Avaya and Verint allows us to offer our joint customers the latest AI innovations to enhance their contact centers, reinforcing our commitment to the 'Uninterrupted Innovation' strategy. By leveraging our partnership ecosystem, we are uniquely positioned to help brands innovate at their own pace, without the disruptive impacts that typically compromise business.

As further evidence of their successful and enduring partnership, Avaya was recently awarded two recognitions at Verint Engage 2024, The CX Automation Conference: 'Global Partner of the Year' and 'Highest Number of Verint Certification Badges'. As the only partner to earn two distinctions this year, Avaya reinforces the value and depth of its collaboration with Verint, highlighting its leadership in empowering companies with innovative CX solutions.

As further evidence of their successful and enduring partnership, Avaya was recently honored with two partnership awards at Verint Engage 2024, The CX Automation Conference: 'Global Partner of the Year' and 'Most Verint Certification Badges'. As the only partner to win two awards this year, Avaya continues to demonstrate the value and depth of its synchronized partnership with Verint, highlighting its leadership in empowering companies with CX solutions.   

"Congratulations to Avaya for being recognized with two awards at the Verint Engage Partner Awards," said John Bourne, Senior Vice President of Global Channels and Alliances at Verint. For over 20 years, Avaya and Verint have been working together to build and expand a customer base that leverages the successful integration of their enterprise CX solutions. We are excited to further strengthen our partnership and help our clients achieve business results with AI, now.

Organizational psychologists need to ensure a corporate culture that is consistent with business strategy

According to the Brazilian Catalog of Occupations (CBO), the organizational psychologist is a professional who carries out activities in the field of psychology applied to work, as a two-way street, which enables the alignment between the needs and expectations of professionals with the strategic objectives of the company.

“Psychology in the corporate sector began to expand its scope beyond personnel selection and work adaptation in the 1950s. With the growing complexity of companies and greater appreciation of employee well-being, the area began to encompass topics such as motivation, leadership, organizational development, professional environment, occupational health and ergonomics,” says Neide Leite Galante, Head of Human Resources, Management and People Development at ButtiniMoraes.

According to the HR head of ButtiniMoraes, the department is currently in constant evolution to keep up with the changes in the world of work and the new demands of companies. "Today, the role of an organizational psychologist is of utmost importance in a company's strategic planning actions, and must necessarily be included in its purposes, from the definition of mission, vision, and especially values, when it aims to consolidate, grow, and stand out against the competition," explains Neide.

For a company to achieve its goals, effective people management is necessary, focused on generating the values of the corporate culture, starting from human capital, working with diversity, and transforming the business into a competitive advantage. It is also necessary to set priorities to develop a work environment that ensures a culture aligned with the business strategy.

In this sense, the psychologist plays a fundamental role in companies by making their contributions known, establishing interdisciplinary connections of their activities, and influencing other professionals to understand and value their practices, acting as a strategic partner for the company's success and contributing significantly in various aspects. Your mission is to promote individual and organizational well-being in accordance with the culture and business strategy, and to achieve this, you must operate in various areas, such as:

  • Organizational Culture- in order to develop and strengthen the company's culture, ensuring that it is ethical, positive, and aligned with the values. It should also promote effective internal communication, creating channels for professionals to feel heard and valued. Furthermore, it must manage strategic changes effectively, minimizing negative impacts and promoting professionals' adaptation to new realities.
  • People Management- attract, select, and integrate new talent, ensuring the right people are in the right positions; develop training and development programs to enhance professionals' skills and knowledge. It is also necessary to manage the performance of professionals and provide constructive feedback to help them improve. Other responsibilities include implementing career and succession management programs, preparing talents for the future, and managing interpersonal and group conflicts to promote a more harmonious and productive work environment.
  • Health and well-being- caring for employees' mental health and well-being, preventing stress, burnout, and other work-related issues. Implement health promotion and quality of life programs at work. Guide employees on ergonomics and occupational health. Assess the company in the prevention of work accidents and occupational diseases.
  • Leadership– must help managers develop their leadership and people management skills, so that they can motivate their teams and achieve better results, as well as promote a positive and participatory leadership style that values collaboration and teamwork, in addition to developing coaching and mentoring programs.
  • Research and Development– must carry out research to identify the needs of professionals and the company, develop and implement new tools and methodologies to improve people management, as well as keep up to date with the latest trends in organizational psychology and human resources management.
  • Conflict Prevention– must also have the essential ability to mediate interpersonal and group conflicts through assertive communication techniques, active listening and negotiations, assisting in the resolution of conflicts in a peaceful and constructive manner in order to promote a more harmonious and productive work environment.

“The organizational psychologist is an essential partner for the company's success and contributes significantly in several aspects, because by acting strategically and aligned with the company's culture, he helps to promote greater satisfaction among professionals and to ensure that the organization is prepared for the challenges of the business world and the achievement of objectives”, emphasizes Neide.

With AI, BV bank’s optimized experimentation center generates R$150 million in credit

BV Bank, one of the largest private banks in the country, has been consistently investing in technology to improve and modernize its operational processes and customer service. To accelerate the credit innovation process, the main pillar of the institution, BV created in 2022 Nexo — the Optimized Experimentation Center, which generated R$150 million in business through the development and application of integrated solutions in partnership with other companies.

The result is the outcome of a constant focus on initiatives that promote open finance, strategic partnerships, and the intelligent use of data in a non-traditional way. Since its implementation, Nexo has focused on maximizing the bank's core business and diversifying its portfolio, strengthening its relationship with the client through the offering of products and services aligned with their needs.

A protagonist in Banco BV's innovation journey, Nexo, in partnership with fintech Innovative Assessments, implemented psychometrics — a set of methods that help assess characteristics, profiles and behavioral variables through technology — as an additional part of the process of analyzing users who, through the usual channels, would have a more bureaucratic credit journey.

With the innovation, BV became one of the first banks to use this technology to reassess the risk profile of these clients. Psychometrics, applied to optimize existing products and services, was responsible for R$32 million of the business generated with Nexo from January to June of this year.

“The technology that supports us in the process selects, based on the user’s profile, relevant questions so that the bank can better understand the applicant’s habits and make an accurate decision about granting credit. The algorithm analyzes the answers and indicates the risk of default. With this additional information at hand, we can mitigate risks and strengthen our relationship with the customer, often helping them to realize their dream of owning a vehicle,” explains Roberto Jabali, Executive Director of Credit and Collections at Banco BV.

Nexo is already studying other ways to introduce the methodology for granting responsible credit in other verticals of the bank, considering trends such as Gig Economy and Open Finance, which have redesigned the economic scenario and the needs of Brazilians.

Companies are predicting accidents through artificial intelligence

In 2023, Brazil recorded alarming numbers of work-related accidents, with nearly 500,000 reported cases, resulting in almost 3,000 deaths and hundreds of thousands of injuries that led to workers' leave. These accidents are not only human tragedies but also represent a significant financial impact on organizations and the economy as a whole.

Since 2012, the costs associated with work-related illnesses and accidents in the country have reached approximately R$ 100 billion, due to expenses with medical treatment, loss of productivity, and compensation. In this scenario, the adoption of advanced technologies for accident prevention has become feasible and decisive.

Innovative companies have developed solutions based on generative artificial intelligence (AI) to identify and monitor risk controls in industrial activities, enabling prescriptive actions before an accident occurs. This approach uses data from past incidents to create recommendation models that help security teams make proactive decisions.

Felippe Ribas, Occupational Safety Engineer at startup Dshbird, focused on corporate security and predictive analytics, comments on the importance of tools: "The ability to forecast and, most importantly, prescribe actions based on real data and continuous analysis is a game-changer in industrial security management. Resources that offer insights based on artificial intelligence enable companies not only to respond to incidents but also to help prevent them, promoting a safer and more efficient work environment."

These solutions are essential for sectors such as Civil Construction and Road Transport, where the main types of accidents include falls from height, electric shocks and traffic accidents, often exacerbated by worker fatigue and the lack of adequate equipment maintenance.

Constant monitoring and recommendation of corrective actions in real time – provided by these technologies – have the potential to significantly reduce accident statistics in these sectors and, consequently, save lives.

In a country where workplace safety still faces monumental challenges, the application of generative AI technologies marks a new era in accident prevention. "With adoption, it is expected not only a decrease in the rates but also a cultural change in industries, where the proactive method becomes the norm, and not the exception."Ribas concludes

UOL Host is present at the 2024 Entrepreneur Fair and presents innovations in the digital sector

THEUOL Host, a digital solutions and services company, is confirmed inEntrepreneur Fair 2024main entrepreneurship event organized by SEBRAE. The meeting will take place from October 11 to 14 at São Paulo Expo.

This year, UOL Host will be participating with a 30m² stand, where visitors will be able to get to know the platform's features up close.VirtUOL Store, which allows the creation of customized e-commerce stores according to each user's individual needs.

One of the major new features presented will be the functionality ofvirtual fitting room for clothes and shoes.This innovative feature allows customers to adjust measurements such as weight, height, and age, generating accurate size suggestions, which helps reduce return rates and increase conversion rates.  

In addition to the VirtUOL Store, the entire portfolio of UOL Host solutions aimed at helping entrepreneurs build a success story will be showcased at the event. The solutions range from online presence pillars, digital marketing, email, and productivity to scalability, with Cloud and Website Hosting.

The Fair is a unique platform to connect entrepreneurs seeking innovation and efficiency. Our presence as a sponsor and exhibitor reinforces UOL Host's commitment to providing cutting-edge tools that help businesses grow sustainably and competitively, as well as promoting spaces for idea exchange.", commented Ricardo Moreira Leite, Director of Products and Business at UOL Host."

Additionally, UOL Host will bring a special activation to the fair: a crane machine with giveaways and raffles, which will be held at the end of each day of the event, providing an interactive and fun experience for visitors.

During the event, UOL Host will focus on strengthening relationships with participants by offering relevant content about digital entrepreneurship. This participation reinforces UOL's commitment to providing innovative and efficient solutions for the e-commerce market, consolidating its presence in the digital sector.

Learn more about the VirtUOL Store: 

VirtUOL Store is part of UOL Host, the hosting, digital solutions, and cloud computing division of UOL Group. Through the credibility of the UOL brand and the development of tools that help store owners sell more effectively, the platform has become one of the most strategic resources for retailers to boost their business online.

ENTREPRENEURSHIP FAIR SP 

Law firm launches dedicated advisory service for C-levels

According to the District report, Brazilian fintechs received $10.4 billion in investments over the past ten years. The amount corresponds to more than 66% of the total resources received by startups in Latin America, totaling US$ 15.6 billion in the period. In this expansion scenario, knowing how to manage contractual and legal pending issues becomes essential. Therefore, Barcelos Martins Advogados announces a new service area dedicated exclusively to executives, including directors, board members, and C-level professionals.

Recognized for its expertise in consulting for businesses and startups, the firm has assembled a specialized squad to handle bureaucracies involving investments, funding, and partnerships. The decision to create this new area arose from the increasing demand for personalized legal services for executives who seek not only to review employment contracts but also to manage more complex issues such as stock option plans, non-compete agreements, and service contracts for professionals acting as Executives as a Service.

“In recent months, we have noticed a significant increase in the demand for legal guidance among these professionals, who want to make strategic decisions with security and autonomy,” he says.Matheus Barcelos Martins, founding partner of the firm.

The multidisciplinary team that makes up this new area is composed of experienced lawyers in business consulting, labor law, and corporate law, prepared to offer integrated solutions. Services provided include the review of employment and service provision contracts, the structuring of governance agreements, consulting on variable compensation plans – such as stock options and phantom shares – as well as the analysis of non-compete and confidentiality clauses.

“The corporate market is constantly evolving, which increases the need for high-level consultancy to ensure that all agreements are fulfilled correctly,”explains Martins. “We are focused on the evolution of the market and the changing needs of our clients. We want to expand our portfolio of services and further establish our authority in the legal advisory segment”,concludes the founding partner.

After being cheated, businessman creates startup with R$10,000 borrowed and expects to earn R$20 million this year

In 2015, Felipe Otoni's career took a drastic turn. At the time, he was working as a consultant for a vehicle protection company and was deeply involved in the business growth. However, Felipe realized that he had been deceived by his superiors, discovering that they were involved in fraud. It was then that he decided to leave the company and the sector he was working in. At only 25 years old, Felipe left Maringá, Paraná, and moved to Vitória, Espírito Santo, in search of new opportunities and a fresh start.

For six months, Felipe worked in digital marketing in the capital of Espírito Santo, helping to recruit new drivers for a ride-hailing company. It was during this period that he had an insight: the digital strategies he was using could be successfully applied to the sales sector where he had previously worked. This realization motivated him to return to Maringá and turn his idea into reality. With his own resources, Felipe borrowed R$ 10,000 from a colleague who became a business investor, returned to Maringá, opened an office, invested R$ 1,500.00, and in 2016, founded theSegSmart, a company created to optimize the sales processes of products and services over the internet for anyone or any company that needs to boost sales.

The company's first product, theSegsmart Marketingwas created to boost sales through a referral system. Companies can register their products and services, and anyone –be a digital influencer or someone ordinary- can you indicate these products. In this approach, both the business owner and the indicator benefit: the former with more sales, and the latter with a transparent and traceable commission. In the first four years of operation, when SegSmart primarily operated as a tool of Proteauto, a non-profit Vehicle Protection Association, the tool helped the company grow from 1,060 members to over 8,000 members. Today there are 37 thousand.

Due to the success, in 2018, the president of Proteauto invested R$ 10,000 in SegSmart to launch an additional feature, which boosted the business: they then created the first auto-inspection app, where the person themselves, following the instructions, takes the photos and uploads them to the tool. This enabled the number of sales to triple, jumping from 50 in January to 150 in February. In 2020, the company recognized the high potential of this market and, due to the demand from companies, separated from Proteauto, creating a monthly subscription plan for R$ 169.00.

By the end of this year, SegSmart's goal is to generate R$ 20 million in revenue and reach 1 million users. The optimism is mainly due to the launch of theSegSmart Web Plus,a WhatsApp Web extension that transforms the way clients manage their sales. By optimizing contact management, the solution enables the client to send bulk messages, create quick and personalized responses, connect the CRM, and manage the sales funnel through WhatsApp Web. With an initial investment of R$ 200,000, the new tool began testing in January 2023 and, still operating as an MVP (Minimum Viable Product), impacted more than eight thousand people who downloaded the feature for the free three-day trial. Of these, 3,615 signed up for the tool that costs R$ 59.00 per month, a conversion rate of over 43%.

From a 14-year-old boy to a future multimillionaire

If Felipe Otoni's "eureka" moment was during the transition from being a salesperson to the world of digital marketing, the entrepreneurial spark appeared early on, still in adolescence. Son of merchant parents from the city of Ponte Nova, in Minas Gerais, Otoni's first experience was at age 12. Wanting a video game, the father advised him to resell socks and, with the profit, buy the game himself. The project was very successful and he gained more clients. However, since practice interfered with studies, the father ordered it to stop. At 14 years old, he started washing cars. It started with the family vehicle and expanded to the neighborhood. At 16, he started working in the finance department of a construction company.

The time with a signed work card, which he secured at the construction company, lasted only a short time. With the desire to move to Maringá, the hometown of his then-girlfriend, he decided to look for an alternative that would give him more flexibility to work. At 19 years old, he became a consultant at Serasa Experian and started selling solutions to indebted companies. He moved to Maringá in 2010 and, in 2012, began to get involved with selling protection for trucks. Now, with an even larger market and enormous potential ahead, the next goal is to reach R$ 490 million in revenue by 2025, in addition to expanding its customer base to 10 million clients who, with the platform, grow and generate more revenue while investing less. Proving that, even in the face of challenges and disappointments, it is possible to build an empire from scratch with determination, innovation, and a clear vision of the future.

Digital solution in civil construction: platform redefines post-construction management with the use of technology

The construction market finally seems to have regained momentum.According to the Brazilian Institute of Geography and Statistics (IBGE), in the first half of this year, the sector's GDP grew by 2.5%, driven by new projects and the economic recovery.Meanwhile, a question that still troubles builders and developers are the processes ofpost-construction managementof enterprises, which are increasingly complex with the growing demand for transparency, efficiency in service and cost reduction.

For thePredialize, uma das top 10 construtechs do ranking “Open Startups 2023”,The solution to this problem is clear: the construction industry needs to see innovation as a competitive advantage to grow. And to help the sector in this scenario, the startup has committed to developing digital solutions that transform the way construction companies and developers manage projects after delivery.

Founded in 2020, based in Florianópolis/SC, Predialize is present in over 300 construction companies and impacts more than 44,000 users, including engineers, property managers, owners, and residents. Responsible for creating a platform that offersintegrated and personalized management to meet the demands of the post-construction phase, the objective is to invest in data intelligence to automate processes and, as a result, bring efficiency and legal security to the sector, in addition to improving the customer experience.

Jean Sacenti, civil engineer and startup CEO,claims that the construtech is following an imminent digitalization in the market. "Historically, the construction industry has been slow to adopt technologies, but this is changing. Innovation and real-time data integration are reshaping complex tasks to make them practical and intuitive, and our mission is to provide a comprehensive view of the project lifecycle, from delivery to maintenance, to drive digital transformation," he explains.

Predialize organizes the offer into various modules of the software. The platform license must be purchased by the construction company, which provides access to the building managers and owners of the development. THEInteractive ManualIt is the main solution and can be customized to allow image uploads, data generation, and ticket reception, as well as assist in managing preventive maintenance. With the app, corporations ensure the storage of documents and photos that can safeguard the business in case of future problems, providing legal security.

Another benefit also involves a significant reduction in operational costs, as the platform decreases the resolution time of service requests and improves the technical and legal quality in the delivery of manuals, tripling the quality of the delivery of the user and operation manual. The economy is a natural consequence that ultimately contributes not only to the sustainability of companies but also to the reputational image of users.

The results are significant: clients who adopt Predialize's solutions observe a 30% reduction in post-construction service requests and a 50% decrease in call resolution time. Additionally, engagement with the owner and condominium manuals increased by 90%, bringing more transparency and efficiency to the relationship with property owners.

“For construction companies dealing with increasingly tight profit margins, operational quality applied to innovation can be decisive in raising the standard of post-construction management. With the platform, companies can customize their own app and monitor the project to avoid waste and create a brand that communicates transparently with the customer, creating long-term relationships and generating new business opportunities,”concludes Sacenti.

Positive projections for the second half of the year prompt retailers to prepare for temporary sales hiring

On the last 12th, IBGE (Brazilian Institute of Geography and Statistics) released the results of the Monthly Trade Survey (PMC) with data showing the growth of the Brazilian retail sector in July, totaling 5.1% from January to July 2024. The number is higher than the recorded cumulative for the last 12 months, which was 3.7%. Trade contributed 368,000 new jobs more than were offered in the previous quarter.

In addition to encouraging data, commerce also benefits from festivities that boost the country in the second half of the year, requiring extra and skilled labor to meet the increased number of shoppers. A survey conducted by the Brazilian Association of Temporary Work (Asserttem) projects a 6% increase in hiring until September, compared to the same period in 2023, which means the opening of approximately 645,000 temporary job positions. Trade accounts for 15% of that total.

According to Flavia Mardegan, a sales and strategic commercial planning specialist, it is a misconception to believe that a good salesperson is born ready. And also those who think that temporary hires do not require criteria in the selection process.Selling is not an innate gift, as many think. "Much preparation and proper training are necessary for a person to become a successful salesperson and win clients," he states. Flavia has also just released her newest book, "Sales: Science or Intuition?", by Gente Publishing, which is considered a true guide for salespeople, managers, and entrepreneurs. I created and tested a methodology that has been approved by thousands of my mentees. I talk about strategic concepts and give valuable tips for achieving excellence in the sector.

For Mardegan, the true salesperson needs studies and training to be able to stand out in the field. And even if the hiring is temporary, some precautions must be taken so that the effect is not the opposite of what is expected. It's no use thinking that someone being extroverted and friendly will know how to sell. It's not about that. It's about them understanding what the sales process means, their role in this process, and what they need to deliver to the customer. And, often, it's in temporary hires that we find people with this willingness to learn and grow.

In Brazil, the sales force is made up of approximately 3.5 million salespeople, according to data from ABEVD – Brazilian Association of Direct Sales Companies. Data from a survey conducted by Salesforce in 2023 shows that 69% of Brazilian salespeople claim that selling is more challenging than ever.

"This challenging environment requires multiple skills, from building effective processes to applying referral marketing techniques and understanding biological patterns that influence consumer behavior. In other words, it is necessary to have knowledge not only of the product being sold but also of the competition and how to relate to colleagues and clients. With investment in learning, anyone can become a successful salesperson," concludes Flavia.  

Insights and practical strategies from experts like Mardegan help drive results, making retailers and salespeople better prepared to face challenges and seize opportunities in the world of sales.

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