News : Live Oak Bank Selects 8x8 to Provide an Banking Experience for Small Business Owners
San Jose, CA, USA, Oct 12, 2018 -- 8x8, Inc. (NYSE:EGHT), a communications provider of cloud voice, video, collaboration and contact center solutions, announced that Live Oak Bank, a provider of small business loans, has chosen 8x8 to provide a smarter, more reliable communications experience for its employees and customers. Live Oak is headquartered in Wilmington, North Carolina — a city which was hit by the eye of the storm during Hurricane Florence. The 8x8 cloud contact center solution played a central role in helping Live Oak Bank remain fully operational during the storm.
"When Hurricane Florence was approaching North Carolina, the majority our staff had to evacuate. This would have been a business crippling situation for many banks, but since Live Oak Bank moved its entire operations to the cloud, we were able to maintain regular operations while our staff worked remotely from across the entire East Coast," said Thomas Hill, Chief Information Officer at Live Oak Bank. "One of the most critical aspects of banking operations is the ability to communicate with staff and customers. 8x8 enabled seamless communications for our hundreds of staff members during the hurricane."
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Live Oak realized its communications service provider was providing outdated technology, delivering poor call quality and service, and limited customer support. This impacted Live Oak’s ability to give its customers the best possible experience, or to put in place the most effective contingency plan for natural disasters like Hurricane Florence.
"At Live Oak, one of our core missions is to bring efficiency and excellence to the lending process through investments in technology and innovation," added Hill. "In order to take our business to the next level, it was important that we partnered with a provider that offered enterprise-grade services and an open cloud platform, paired with great customer support. After an extensive multi-vendor review, we chose 8x8 for its scalability, high-touch customer support, and comprehensive open cloud platform."
"More and more midmarket and enterprise companies are realizing they need to move to one cloud platform for their communications, collaboration and customer engagement to maintain a competitive advantage," said Scott Sampson, Senior Vice President of Worldwide Sales, Midmarket and Enterprise, for 8x8. "We are excited to work closely with Live Oak as they accelerate their business, and continue to deliver exceptional banking services to small business customers nationwide, regardless of external conditions."
Posted by Veronica Silva Cusi, news correspondent
Today's Tip of the Day - Don't Assume Your Forecasting System Always Knows Best!
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About 8x8 Inc.:
8x8, Inc. (Nasdaq: EGHT) leverages its patented software technologies to deliver high quality voice solutions with integrated messaging and video to businesses of any size with employees in any location on a wide variety of business telephony, web and mobile platforms. 8x8 also offers managed hosting and cloud-based computing services.
Published: Tuesday, October 16, 2018
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