📰 Press Release Launching a Loyalty Program

Exchange Solutions Unveils Industry-First Generative AI Features for Loyalty Platforms

Exchange Solutions announces groundbreaking Generative AI features for loyalty platforms, including Audience Recommender and Smart Help functionality to enhance marketer efficiency and campaign effectiveness.

May 20, 2024 4 min read
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Exchange Solutions
Exchange Solutions Unveils Industry-First Generative AI Features for Loyalty Platforms - Press Release
Press Release • May 20, 2024

BOSTON & TORONTO — Exchange Solutions announces groundbreaking Generative AI features for loyalty platforms, including Audience Recommender and Smart Help functionality.

Boston and Toronto – May 20, 2024 – Exchange Solutions, a leading provider of personalized loyalty solutions, proudly announces the launch of groundbreaking Generative AI features integrated into its loyalty platform. This innovative advancement, now available for use within the SaaS console, marks a significant milestone in enhancing marketer efficiency and effectiveness in loyalty program management.

The newly introduced Generative AI features are designed to empower marketers with enriched loyalty execution capabilities, offering unparalleled convenience and agility. With a focus on optimizing operational workflows, these features include:

Key Features

1. Audience Recommender

This feature is a game-changer for audience targeting strategies. It removes the necessity for marketers to input exhaustive audience targeting details or rely on analyst-assisted list pulls to create audiences. It uses natural language inputs and large language models to enable the marketer to simply describe any kind of audience they want to target while ensuring the AI reasoning can be decoded for the marketer to validate, prior to activating the audience for loyalty treatments. The result is a streamlined and enriched audience building capability that enhances loyalty campaign effectiveness and speed-to-market.

2. Smart Help

This feature drives marketer efficiency by providing instant assistance in navigating and answering questions about the robust SaaS loyalty console functionality. By leveraging Generative AI, the Help functionality efficiently responds to "how to" queries, enabling users to get instant access to instructions and information without the necessity of flipping through endless manuals and documentation. Essentially acting as a super-charged console help assistant, this functionality enhances marketer proficiency and productivity.

"At Exchange Solutions, we are committed to pushing the boundaries of innovation to deliver unparalleled value to our clients. The incorporation of Generative AI features into our platform represents a transformative leap forward in enhancing marketer efficiency and campaign effectiveness. By leveraging these AI capabilities, we give loyalty program marketers the power to unlock new levels of agility and performance in loyalty analytics, advanced targeting and overall program management supercharging productivity and insights."
— Shane O'Neil, Chief Technology Officer, Exchange Solutions

Exchange Solutions remains dedicated to advancing the frontier of personalized loyalty solutions, with a steadfast commitment to delivering exceptional value and innovation to its clientele.

Future Release

Exchange Solutions is excited to announce that the next phase of Generative AI features, focusing on new ways to access loyalty data and member insights, is currently under development. Stay tuned for the upcoming release, which will further elevate the capabilities of the platform in driving actionable insights and maximizing ROI for our clients.

For more information about Exchange Solutions, please visit exchangesolutions.com.

For media inquiries, please contact:

Exchange Solutions

Kelly McLean

Director, Marketing

kmclean@exchangesolutions.com

About Exchange Solutions

Exchange Solutions is a cloud-based loyalty platform management company that delivers personalized loyalty solutions to B2C and B2B businesses, enabling them to build deeper and more profitable engagement with their consumers. With more than 25 years of experience in the industry, Exchange Solutions transforms loyalty programs and promotions from being costly applications to productive and profitable capabilities for clients across various industries in the US and Canada. Current clients include retailers such as Essoâ„¢ and Mobilâ„¢, Sobeys Inc., McKesson, Indochino, Suncor and White Cap.

Frequently Asked Questions

Get answers to common questions about loyalty programs, AI personalization, and Exchange Solutions platform features.

1

What are Exchange Solutions' new Generative AI features?

Exchange Solutions launched two groundbreaking AI features: Audience Recommender that uses natural language to automatically create precise customer segments, and Smart Help that provides instant assistance for platform navigation and functionality questions using AI-powered responses.
2

How does the AI Audience Recommender work?

The Audience Recommender allows marketers to describe target audiences in natural language, then uses large language models to automatically create precise customer segments with transparent AI reasoning. This eliminates the need for complex manual targeting or analyst assistance, dramatically improving campaign speed-to-market.
3

What benefits does AI bring to loyalty platforms?

AI in loyalty platforms provides automated audience targeting, instant platform assistance, improved marketer efficiency, faster campaign deployment, and transparent decision-making processes. These capabilities enhance both operational productivity and campaign effectiveness.
4

When will more AI features be available from Exchange Solutions?

Exchange Solutions is actively developing additional Generative AI features focusing on new ways to access loyalty data and member insights. The next phase of AI capabilities is currently under development and will be announced soon, continuing to advance the platform's AI-powered personalization capabilities.

Still Have Questions?

Our loyalty experts are ready to help you implement AI-powered personalization strategies for your business.

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