Monetization project | Ozonetel | oneCXi
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Monetization project | Ozonetel | oneCXi

Product is not monetizing- The litmus test

OneCXi ICP


Criteria

Customer Facing Enterprise

Growing D2C Startup

B2B Physical Business

Name

HDBFS

Wakefit

WeWork

Company Size

1856 crore

10-50 Crore

1,665 crore

Location

Bangalore

Pune

60+ locations, 8 cities in India

Funding Raised

Rs 2,500 crore

 $148.04 million

Rs 500 crore

Industry Domain

Non-Banking Financial Services

Consumer Products

Office Spaces

Stage of the company

Mature

Scaling

Scaling

Decision Maker

  • Influencer - Customer Support team, BPO team
  • Gatekeeper - legal, technical, and product teams
  • Decision maker - Head of CX team or CEO
  • Flat decision structure with Customer Experience head or CEO
  • Influencer - customer support, success team heads
  • Gatekeeper - CX Head
  • Decision maker - CEO

Decision Blocker

Finance Team

CEO

Finance

Agents

1000 - 5000

200 - 1000

50-100

Daily Customer Interactions

5 to 10 lakh

10,000 - 15000

500-1000

Contact Centre working time

24X7

12 X 6

12 X 7

Channels

Voice, Digital

Voice, Digital

Voice, Digital

Sub Users (Supervisors)

500-1000

10-50

5-10

Why

  • With growing digital access for financial services individual and business opt for online mode to apply for loans
  • With over 43 million customers HDBFS is reaching to millions customers
  • HDBFS has preferred channel of digital
  • Wakefit operates through Stores, Website as preferred channel
  • Wakefit has extensive customer support team to cater customer queries
  • With raising startups ind India need of office spaces is increasing
  • Need to connect with startup founders to understand their requirement
  • Booking meeting rooms
  • With growing requirement of co-working space for single person

Use Case

  • Explaining loan terms to customers - call is preferred channel in this case
  • Sharing information, proposal on WhatsApp, Email to millions of users
  • HDBFS has around 10k customer care agents
  • HDBFS has BPO as Service
  • B2B use case - Wakefit operates through Furniture Stores which needs interacting between Wakefit and Store owners
  • B2C use case - customers reach out to Wakefit for order status, payment issues, service related issues - calling, messaging is primary channel
  • Interacting with startup founders
  • Space booking on call or through WhatsApp
  • Solving customer queries

Products used in workplace

  • Salesforce
  • Freshdesk
  • Own financial platform
  • Clickup
  • Excel Sheets
  • Freshdesk
  • Zoho CRM
  • Own platform to book office space
  • Salesforce to manage leads

Organisational goals

To Be India’s most Admired NBFC

Become top D2C in health products

  • Providing easy access to office spaces to co-work, connect

Preferred Outreach Channels

  • Website
  • Mobile App
  • Physical Offices - Branches
  • Messages - SMS, WhatsApp
  • Social Media
  • Website
  • Mobile App
  • Ecommerce Sites - Amazon
  • Online bookings
  • Social media
  • Community & Startup events
  • Partnerships with VCs, incubators

Conversion Time

6 months

1-2 months

2-4 months

OneCXi Features

A. Call Centre Solution

  • Admin configurations
    • Campaigns setup
    • Push leads from any CRM through API
  • Monitoring & Reporting
    • Fully customisable dashboards & wast range of custom and pre-built reporting
    • Pushing to own cloud or create your own report in power BI or tablau
    • Monitor, barge, whisper and help agents wherever they need help
  • Agent toolbar
    • Seamless switching between modes
    • Performance dashboards for self tracking & visibility
    • Agent to agent calling
    • Agent to supervisor chatting
    • AI suggested dispositions and comments to faster ACW - after call work

B. Outbound Dialers

  • Predictive dialer
    • Set a pacing for agent callings as per agent calling ratio
  • Progressive
    • Fast pace calls to sales leads
  • Preview
    • Show customer information before dialling calls so that agent can make better conversation
  • Manual outbound
    • Manually dial customer numbers
  • Click to click
    • Call from any CRM

C. AI Integrated Fetaures

  • Suggest dispositions to reduce ACW
  • Enhance agent replies
  • Call transcript
  • AI generated summary

D. API Support - Integrations

  • Integrate with any CRM, Customer Data Platform
  • 100+ APIs available to integrate & automate workflows externally

E. App to App Calling (First in India)

  • Enable app to business or website to business calling through SDK

F. Omni-channel

  • Use WhatsApp, SMS, Email or any channel
  • Simultaneously handle multiple conversations at one time

G. Cloud, On-Premise Hosted

  • As per requirement hosting

H. Inbound ACD Routing

  • OneCXi enables intelligent incoming call routing based on:
    • Skill priority
    • Agent priority
    • Sticky agents
    • VIP customers

I. IVR & ICR

  • Interactive Voice Response to seamlessly design call flows
  • Interactive Chat Flows/Chatbots - for seamless digital conversation
Product is monetizing

If your product is already monetizing

Skip the litmus test and create at least 3 experiments for free to paid conversion and cross-selling and up-selling

Double down on free to paid conversion

  • Currently we are not offering ant FREE accounts as they are Legal, Setup, Agreement details involved.
    • Initiating voice calls requires business numbers which needs proper legal documentations, proper set up
    • Demo accounts are controlled by sales teams from set up to allow customers to try


Increase your average order value by cross-selling and up-selling

Here is how OneCXi can up-sell existing customers:


  1. Voice Add-on - App to App Calling
  • ICP: Enterprise B2C Consumer App
  • Reason for up-sell: With current SIP & Phone Voice Calling, add App-to-App Voice Calling to increase call connection ratio per customer
  • How to charge
    • For SDK to integrate into the Customer App
    • Per call initiated through the App-to-App feature


  1. Voicebot to handle customer queries
  • ICP: B2C/D2C with heavy inbound support calls
  • Reason for up-sell: Current inbound process requires agent intervatention, with Voicebot most of the common customer queries can be resolved and need agent for critical issues only
  • How to charge
    • Custom Voicebot Flow
    • Calls handled by Voicebot


  1. AI Quality Audit Tool
  • ICP: All
  • Reason for up-sell: With a huge number of calls, call centres are always in need of improving processes, agent performance, accuracy, and metrics. With Audit Tool, they can get insights with AI on how agent is handling calls
  • How to charge
    • # Agents Audited
    • # Calls audited
Substitute pricing

What are your customers paying for?

    1. CTI - Cloud Telephony Integration
    2. Seamless data transfers with CRMs
    3. Cloud Hosted - easy to access anywhere without any physical setup
    4. Separate agent, admin, sub admin logins
    5. Visibility on calls through recording, insights, reports
    6. Calls charges
    7. DID, Toll-Free Number Charges
    8. Telecom Carrier Charges
    9. AI Features
    10. Custom Reports, Dashboards
    11. Custom Voicebots
    12. Custom IVR Flows


How does your product stand out?

    1. OneCXi serves as an Ecosystem of CCAAS plus related tools which gives everything in one place with one login to access multiple tools
    2. Even though OneCXi has lot of features, it is easy to use, and navigate - Easy UIUX
    3. Extensive reporting & monitoring through pre-built, custom reporting, dashboard
    4. Extensive Outbound Dialing rules
    5. Automatic Call Distribution for Inbound calling with custom rules
    6. Inbuilt AI features to help agents, admins get more in less time through Insights, Agent Assist
    7. Integrated Telecom licensing with multiple operators through Virtual Number Operator License
    8. Pay-as-you-go pricing for calls
    9. One-click integration for Agent Toolbar within any CRM
    10. Custom Agent Toolbar SDK for customisation
    11. App to App Calling
    12. Email, Social Media, WhatsApp, SMS omnichannel capabilities


How do you position your product?

    1. Easy to start CCAAS with unlimited agents with minimum set-up required and extensive customisations at any stage of the process
    2. Unified and Integrated CCAAS with Voice, Digital, Audit, Voice of Customer and AI features
    3. Reduce human efforts in assisting customers through Voicebots, Chatbots, Real-time agent assist
    4. API to automate every workflow


Competitor Analysis


Factors

Talkdesk

Genesys

Nice

Website

https://www.talkdesk.com/

https://www.genesys.com/en-sg

https://www.nice.com/

What are the products/features/services being offered?

  1. Outbound dialers
  2. Virtual agents
  3. Agent assist
  4. Feedback
  5. Workforce Management
  6. Build your own channel
  • Outbound dialers
  • Digital Channels
  • Workforce Management & Engagement
  • AI Automations
  • Co-browse and screen sharing with customer
  • Omnichannel customer engagement (voice, chat, email, and social media).
  • Workforce management
  • AI-driven analytics
  • Self-service and proactive customer engagement capabilities.

Who are the users?

Cannon

  • Accenture
  • IBM
  • Fujistu
  • Hexaware
  • Narayan Healthcare
  • Singapore Airlines
  • Lenovo
  • Xiaomi
  • Axis Bank
  • Pfizer
  • Skygen
  • Ritter
  • Shift4
  • bmg

GTM Strategy

  1. Interactive Product Demos
  2. User specific use case enablement
  3. Industry targeted sales kits
  4. Enterprise vs Small Business sales kits
  5. Sales, Support, BPO sales kits
  1. Unified Cloud Contact Center Approach
  2. Industry targeted sales kits
  3. Digital engagement through demos, ebooks, reports
  4. AI use cases enablement
  5. Interactive product demos
  • Industry-specific use case demonstrations and tailored solutions.
  • Engaging webinars and thought leadership content.
  • Extensive digital campaigns with ebooks, white papers, and success stories.

What channels do they use?

  1. Talkdesk Talks Webinar
  2. OpenTalk CX Summit
  3. 50+ Integrations
  4. 135 Partners
  5. SEO


  1. Webinars - Xperience
  2. Physical events - Bytes & Brews
  3. Partners - 100+ with multiple levels
  4. SEO
  5. Marketplace
  • Global network of implementation and technology partners.
  • Strong collaboration with resellers and system integrators.

How have they raised funding?

  • Raised $497.5 million in eight funding rounds
  • Last - August 2021, raised $230 million in a Series D funding round, which more than tripled its valuation to $10 billion. 


  • Total of $3.58 billion in funding
  • Latest funding round: December 6, 2021, a Series D round of $580 million led by Salesforce Ventures and ServiceNow
  • BlackRock, D1 Capital Partners, Platinum Capital vc, Salesforce Ventures, and ServiceNow Ventures.


  • $39.1M over 6 rounds
  • NASDQ Public Listing

Brand Positioning

AI-powered customer experience platform that delivers ROI

AI-first customer service automation crafted for enterprises

Automate Your

Customer Service

with a Leader - A 10X Gartner® Magic Quadrant™ CCaaS Leader & Only Peer Insights Customers’ Choice 2024

Pricing Strategy

  • Per user per month
  • Integrations additional


  1. Per user per month
  2. Tier based pricing
  3. AI features token additional
  • Flexible subscription-based pricing with tiered options.
  • Add-on pricing for advanced AI and analytics features.

OneCXi Gaps

Through interactive demos available on website:

  • Clear UI
  • Consistency on UX
  • Product ecosystem integrations and navigations - seamless switching between products

Through interactive demo

  • Lot of blank space difficult in navigating
  • Lot of information to navigate
  • Inconsistence UI
  • Agent gamification
  • Inconsistence UI
  • Complex workflows
  • Steep learning curve
  • Feature overload
  • Customisable features & dashboards


OneCXi STRENGTHS

  1. APIs for every integrations
  2. Cost effective solution
  3. App to app calling (IP Calling)
  4. Bidirectional streaming
  5. Less navigation on agent portal making it stress free for to focus on core interaction
  6. Customisable reporting through interaction analyst
  7. Telco Vendor advantage
  8. In-house dedicated telco monitoring team
  1. Cost effective solution
  2. Feature Customisation
  3. App to app calling (IP Calling)
  4. Bidirectional streaming
  5. Customisable dashboard & reporting through Dynamic Scripting
  6. Comprehensive pre-built live & historic reporting
  7. Telco Vendor advantage
  8. In-house dedicated telco monitoring team
  1. Easy learning
  2. Cost effective solution
  3. Integration availability
  4. App to app calling (IP Calling)
  5. Bidirectional streaming
  6. Seamless omni-channel handling
  7. Telco Vendor advantage
  8. In-house dedicated telco monitoring team

OneCXi Weaknesses

  • Digital Features
  • Product ecosystem
  • Depth of AI features
  • Extensive Documentation
  1. Interactive demos
  2. Partner network
  3. Pricing model
  1. Comprehensive documentation
  2. AI features experimentation
  3. Sales Enablement through industry specific use cases
Whom to charge?
  • OneCXi charges customers before getting onboarded
  • There are no free plans available as there involves legal, set-up, configurations etc.
  • The demo accounts are customers are also controlled by sales teams including set up and configurations
When to charge?

Step 1: Identifying which aspect determines value for your product

Money Saved

  • Cloud Telephony Integration allows businesses to not buy phones separately for agents but with computers, they can manage calls


Time Saved

  • Agents with Traditional Phones can handle 1 call at a time but Cloud Telephony Integration allows businesses to connect with multiple customers at the same time without any waiting time through Voicebots, Chatbots
  • Automatic dialers call multiple customers without a click from an agent reducing significant agent time


Increased Efficiency

  • Features such as Real Time AI Agent Assist, Auto Dispose, and Voice of Customer help businesses increase operational efficiency with information at 1 click reducing manual efforts and time


Step 2: Competitor Benchmarking

How does OneCXi stand out?

    1. OneCXi serves as an Ecosystem of CCAAS plus related tools which gives everything in one place with one login to access multiple tools
    2. Even though OneCXi has lot of features, it is easy to use, and navigate - Easy UIUX
    3. Extensive reporting & monitoring through pre-built, custom reporting, dashboard
    4. Extensive Outbound Dialing rules
    5. Automatic Call Distribution for Inbound calling with custom rules
    6. Inbuilt AI features to help agents, admins get more in less time through Insights, Agent Assist
    7. Integrated Telecom licensing with multiple operators through Virtual Number Operator License
    8. Pay-as-you-go pricing for calls
    9. One-click integration for Agent Toolbar within any CRM
    10. Custom Agent Toolbar SDK for customisation
    11. App to App Calling
    12. Email, Social Media, WhatsApp, SMS omnichannel capabilities


Step 3: Quantify your results ensuring they align with your price

  • A typical call centre with OneCXi
    • Agents = 10
    • Daily actual work hours of an agent = 5 hours X 60 min = 300 min per agent
    • Total customer interaction time for business = 300 min X 10 Agents = 3000 min
    • Average per call duration = 3 min
    • Total number of calls handled by business in a day by 10 agents = 3000 min / 3 min = 1000 calls a day
    • Call centre works for 25 days in a month with 1 day per week off = 1000 calls X 25 = 25000 calls in a month
    • Agent salary = 15,000 monthly
    • Agent salary expenses = 15000 X 10 = INR 1,50,000 per month

Per call expenses = 1,50,000 / 25,000 = INR 6

  • Call Center without using OneCXi
    • Keeping agents, daily work hours, salary the same
    • Average call duration will increase since OneCXi offers automated calling, no efforts are needed to search the number & customer details, previous history dialling it, answer the call, wiring down manual notes in excel sheet or paper, network error issues
      • Average Call Duration without OneCXi = 10 min
    • Total calls handled by business in a month without OneCXi = 3000 min / 10 min = 300 calls a day X 25 days working = 7500 calls in a month

Per call expenses = 1,50,000 (10 agents salary per month) / 7500 = INR 20

  • The percentage difference in per call cost with and without OneCXi for the same scenario = INR 20 - INR 6 = INR 14/20 X 100 = 70%


OneCXi saves 70% on the of for call centres.

What to charge for?
  • Access
    • # Agents Licenses for a period (monthly/yearly) - this gives access to customers to make calls which is the CVP of CXi
      • Unless agents are added customers can't initiate calls so it is validated
    • # Sub Admins who manage the configuration part
    • Server costs for Telco, WebRTC, Storage
    • Integration with CRM


  • Output
    • # Calls - this is CVP of OneCXi - Cloud Telephony Integration
    • # Digital Interactions - WhatsApp, SMS, Social Media, Email


  • Time
    • Duration of Calls


ICP Segmentation shows that the pricing will vary if OneCXi charges for the above points.


Criteria

Customer Facing Enterprise

Growing D2C Startup

B2B Physical Business

Name

HDBFS

Wakefit

WeWork

Agents

1000 - 5000

200 - 1000

50-100

Daily Customer Interactions

5 to 10 lakh

10,000 - 15000

500-1000

Contact Centre working time

24X7

12 X 6

12 X 7

Channels

Voice, Digital

Voice, Digital

Voice, Digital

Sub Admins (Supervisors)

500-1000

10-50

5-10

Use Case

  • Explaining loan terms to customers - call is preferred channel in this case
  • Sharing information, proposal on WhatsApp, Email to millions of users
  • HDBFS has around 10k customer care agents
  • HDBFS has BPO as Service
  • B2B use case - Wakefit operates through Furniture Stores which needs interacting between Wakefit and Store owners
  • B2C use case - customers reach out to Wakefit for order status, payment issues, service related issues - calling, messaging is primary channel
  • Interacting with startup founders
  • Space booking on call or through WhatsApp
  • Solving customer queries

Products used in the workplace

  • Salesforce
  • Freshdesk
  • Own financial platform
  • Clickup
  • Excel Sheets
  • Freshdesk
  • Zoho CRM
  • Own platform to book office space
  • Salesforce to manage leads

Preferred Outreach Channels

  • Website
  • Mobile App
  • Physical Offices - Branches
  • Messages - SMS, WhatsApp
  • Social Media
  • Website
  • Mobile App
  • Ecommerce Sites - Amazon
  • Online bookings
  • Social media
  • Community & Startup events
  • Partnerships with VCs, incubators
How much to charge?
  • Fixed Monthly Charges
    • # Agents Licenses
    • # Sub Admins (Supervisors) Licenses
    • Server costs for Telco, WebRTC, Storage
    • Integration with CRM


  • Variable Costs
    • # Calls - this is CVP of OneCXi - Cloud Telephony Integration
    • # Digital Interactions - WhatsApp, SMS, Social Media, Email
    • Duration of Calls




How to charge detailed analysis

  • A typical call centre with OneCXi
    • Agents = 10
    • Daily actual work hours of an agent = 5 hours X 60 min = 300 min per agent
    • Total customer interaction time for business = 300 min X 10 Agents = 3000 min
    • Average per call duration = 3 min
    • Total number of calls handled by business in a day by 10 agents = 3000 min / 3 min = 1000 calls a day
    • Call centre works for 25 days in a month with 1 day per week off = 1000 calls X 25 = 25000 calls in a month
    • Agent salary = 15,000 monthly
    • Agent salary expenses = 15000 X 10 = INR 1,50,000 per month
    • Supervisor salary = 50,000 with streamlined operational efficiency through automated reports, one-click configuration, seamless data management through integrations, dashboards, reports
    • Supervisor efficiency = 150%

Per call expenses = 1,50,000 / 25,000 = INR 6

  • Call Center without using OneCXi
    • Keeping agents, daily work hours, salary the same
    • Average call duration will increase since OneCXi offers automated calling, no efforts are needed to search the number & customer details, previous history dialling it, answer the call, wiring down manual notes in excel sheet or paper, network error issues
      • Average Call Duration without OneCXi = 10 min
    • Total calls handled by business in a month without OneCXi = 3000 min / 10 min = 300 calls a day X 25 days working = 7500 calls in a month

Per call expenses = 1,50,000 (10 agents salary per month) / 7500 = INR 20

  • The percentage difference in per call cost with and without OneCXi for the same scenario = INR 20 - INR 6 = INR 14/20 X 100 = 70%
  • Supervisor salary = 50,000 without scattered operational efficiency through manual excel reports, tedious management, manual data management, no dashboards, no visibility
  • Supervisor efficiency = 50%


OneCXi saves 70% on the of for call centres.

Per agent savings = 15,000 X 70% = 10,500 INR per month


Agent pricing = Charging 1/10th of perceived value = 10,500 / 10 = INR 1050 per month per agent

Supervisor pricing = 50,000 (Efficiency 150%-50%) = 50,000 = Charging 1/10th of perceived value = 50,000/10 =INR 5,000 per month per supervisor

Pricing page

A. Pricing Page Design

image.png

B. Reasoning & Validations

  • Starter Plan is for everyone who wants to start their own contact centre or someone who is looking to try for any type of business
    • This offers no friction in choosing the plan since all essential features are included which clearly describes the Core Value Proposition of OneCXi
    • Starter Plan enabled System 1 for businesses to try without looking into in-depth features.
  • ICP such as growing startups and well-established contact centres have all required features in the Essential Plan with the option to add Add-ons as per requirements.
    • This in general provides the best option for all users since it provides the true value for serious businesses since it offers Integration capabilities, API support, Priority Support, All Outbound Dialers with Restriction rules
    • Essential Plan enables Three pricing strategies & Decoy Effect with the Middle option being the most affordable.
  • For the same ICP who would like to level up with other products in OneCXi Suite will opt for Elevate plan since it covers all OneCXi products bundle at an affordable price.
    • Elevate Plan enables the add-onsSurrounding/Bundling effect with all OneCXi ecosystem products available without being required to buy separate add ons.
  • Enterprise would go for SSO Login, Privet Cloud Storage, In-house deployment, and being custom outbound rules since they are mostly handling 5-10 lakhs a day so pricing can be discussed based on customisations
  • Borrowing Trust through:
    • G2 Ranking and Ratings
    • Top customers case studies like Uber, WeWork, Dyson
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