Adooa specialises in AI analytics, VoIP, and chat services, providing SMEs with an advanced yet user-friendly VoIP telephone system, VOIspeed. We have years of experience in recording calls for our clients while meeting changing legislation and technology drivers. The AI based speech-analytics software means that we can analyse all this data and use this knowledge in different ways to help business.
Which companies will benefit though from a simple call recording solution and which from sophisticated speech-analytics one?
Our software VOIspeed offers call recording as standard, and we store this for up to a month. However, we provide extra storage on a secure dedicated server for those requiring more than a month call recording. We often categorise those clients who store and access recordings into three main sectors: financial services, travel agents and law firms.
Law firms and travel agents use the recordings primarily for quality assurance and in case they need to protect themselves from litigation or dispute resolution, and sometimes for training reasons, to coach new staff. Companies that provide financial services instead are required by the Financial Conduct Authority (FCA) to keep all recordings securely stored and ensure that they are easily accessible for a minimum of 5 years (and up to 7 if requested by the FCA). These include:
-
- the reception and transmission of orders
-
- the execution of orders on behalf of clients
-
- transactions concluded when dealing on own account
With all this data however, larger financial service companies with contact centres are taking advantage of the knowledge at their fingertips.