Fsa Regulations In March Require Calls To Be Recorded
Agribusiness No Comments »New regulations from the Financial Services Authority (FSA) come into effect from March 2009 which means that all UK companies that deal with money matters will have to copy all their telephone calls and store the calls for at least six months.
For those financial institutions that don’t already have a system in place for recording calls, this news could prove expensive if they opt for a bulky hardware system.
A more cost effective way of recording calls is available however which removes the impact of large hardware:
The simple solution to this would be to utilise online recording solutions that many telephone numbers that aren’t area specific.
0845, 03 numbers etc work alongside existing landlines and mobile numbers simply coupling themselves to existing numbers and allowing you to direct them as you see fit.
Here are 8 reasons why call recording with non-geographic numbers is becoming increasingly popular:
1. Storage issues are overcome with this off site solution, as everything is controlled online, therefore no bulky hardware.
2. Recordings are emailed to a nominated person as an mp3 file – meaning they can stored in a way that is convenient for them.
3. As you are sent the recordings by file it is very simple to forward files to other people within you organisation or via email for training or listening.
4. The call recording can be set in action instantly at the press of a button (e.g. by pressing the hash key).
5. Large volumes of recordings can be stored on an external server – freeing up in-house computer systems.
6. Businesses can meet the new legal requirements of the FSA (from March 2009 using this form of phone call recording can help meet the new legal requirements (from March 2009) of financial organisations (as outlined above).
7. A call recording solution means that people do not have to frantically make notes on an important conversation – they can simply activate the system as required.
8. Choose the calls that you record ensuring your company stays in complete control of what is recorded and what isn’t.
As these points show non-geographic telephone numbers can dramatically increase the flexibility of phone systems – helping people to answer more calls and become more efficient.
Call recording is just the tip of the iceberg.
Additional features that are easily added to non-geographic numbers include:
online call statistics packages lets companies monitor all the inbound calls to their non-geographic numbers.
This allows them to see: the total amount of calls to all numbers, the location of callers, busy periods and missed calls. This information can assist organisations with their marketing and improving customer service[/spin].
Immediate call divert packages give organisations complete control over their non-geographic numbers. Whether they have a single number or several
numbers, call divert allows you to reroute enquiries to
different landline/mobile/call answering service at the press of a button. This control is crucial in the event of landline failure or in an emergency and for this reason this service can be
without cost with a phone number, if you know where to look.
As this article illustrates, non-geographic numbers can be a powerful addition to any company – giving them greater flexibility/control over their phone systems and helping them meet their legal requirements – without the need for tons of extra office space.