Sprinklr, Inc. - CXM STOCK NEWS

Sprinklr (NYSE: CXM) released a Forrester study revealing that its Modern Care platform can significantly enhance customer service efficiency. The study shows a 210% ROI over three years and a payback period of less than six months. Organizations using Sprinklr Modern Care reported reducing social care interactions by $2.1 million and achieving a 98% response rate without increasing staffing. Additionally, replacing legacy systems saved nearly $336,000 in fees and over $27,300 in training costs.

Sprinklr (NYSE: CXM) has launched Sprinklr AI Studio, a new feature that enables businesses to create and customize AI models for categorizing customer messages without needing coding skills. This innovation addresses challenges in manual categorization, which is costly and ineffective for brands receiving numerous daily inquiries. By employing AI, brands can enhance customer service efficiency, filter irrelevant comments, and unlock new insights. The platform has already garnered positive feedback from users like the Microsoft Azure Customer Experience Team.

Sprinklr (NYSE: CXM) announced a partial early lock-up release for its Class A common stock, effective before trading on November 5, 2021. This allows for 30% of eligible shares owned as of June 14, 2021 to be sold, per lock-up agreements with its directors and other shareholders. The remaining shares will continue to be subject to lock-up restrictions. Sprinklr's unified customer experience management platform supports customer-facing functions for enterprises, including over 1,000 global brands.

Sprinklr (NYSE: CXM) has released its Industry Benchmarking Reports for Digital Unified-CXM, surveying over 1,500 global professionals. The reports assess customer experience management maturity among leading brands across five sectors: retail, technology, food & beverage, media & entertainment, and pharmaceuticals. Key findings include:

• Over 50% of retail brands respond to comments in under 5 hours.
• 82% of tech firms rate their CXM maturity highly.
• 64% of pharmas take over a week to respond to inquiries.

Ragy Thomas, CEO, notes significant improvement opportunities in real-time engagement across industries.

Sprinklr (NYSE: CXM) has received the Cigna 2021 Well-Being Award for its commitment to employee health through its Winning with Wellbeing program. This initiative focuses on four wellness pillars: body, mind, heart, and soul, enhancing employees' personal and professional journeys. Sprinklr emphasizes connection during the pandemic with daily calls and mindfulness tools, alongside benefits like paid volunteer time and flexible PTO. The company aims to continuously improve its programs based on employee feedback, celebrating milestones since going public.

Sprinklr (NYSE: CXM) has launched Sprinklr Complaints Management to aid financial institutions in Australia with compliance to Regulatory Guidance 271 (RG 271). Effective from October 5, companies must recognize complaints on social media within 24 hours to avoid penalties. The solution utilizes advanced AI to automate complaint identification and management across over 35 digital channels, ensuring compliance and tracking customer issues efficiently. This innovation addresses consumer concerns and enhances organizational responsiveness in the evolving digital landscape.

Sprinklr (NYSE: CXM) has announced the latest updates to its Sprinklr Modern Care platform, enhancing AI and automation capabilities for improved customer service across multiple channels. New features include Conversational AI and Bots, Contact Center Automation, and Live Chat Video Calling. The platform aims to meet the rising customer expectations for swift responses, with 75% of consumers expecting replies within 5 minutes. This announcement coincides with CX Day on October 5th, highlighting the significance of customer experience in modern business.

Sprinklr (NYSE: CXM), a leading unified customer experience management platform, announced that Ragy Thomas, its Founder and CEO, will present at the Annual Morgan Stanley Spark Conference on October 13, 2021, at 5:00 p.m. ET. A live audio webcast will be accessible on Sprinklr’s investor relations website. Sprinklr provides advanced AI solutions that enable enterprises to deliver consistent customer experiences across multiple channels. The company supports over 1,000 prominent brands, including Microsoft and P&G.