Turo + OP360 October 2023

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PROPOSAL CREATED FOR

PRESENTED BY

Leadingfromtheheartfora superiorcustomerandhostexperience

Executive Summary

The global car sharing market size reached US$ 7 0 Billion in 2022 and is expected to reach US$ 15 4 Billion by 2028, exhibiting a CAGR of 14 04% during 2022-2028 The demand for affordable and convenient mobility services is on the rise, fueled by the increasing need for easy access to shared transportation through technology. As a result, carsharing services are gaining popularity. The growing concern for the environment and the adoption of new transportation options have also contributed to the surge in carsharing demand. Governments worldwide are taking measures to reduce emissions and discourage private vehicle ownership, making carsharing a viable solution. Furthermore, the market growth is further propelled by the popularity of peer-to-peer car rental services, such as Turo.

The highly anticipated initial public offering (IPO) of Turo greatly benefits from the implementation of strategic outsourcing By leveraging external expertise and taking advantage of economies of scale, Turo can continue to effectively streamline its operational processes, enhance overall efficiency, and maximize cost-saving opportunities. This strategic move has enabled Turo to allocate more resources towards its core business strategies, such as technology innovation, market expansion, and customer acquisition. The increased focus on these key areas is expected to instill greater investor confidence in Turo's growth potential, positioning the company for a highly successful IPO and future market dominance.

WHAT WE HEARD THAT YOU EXPECT

A BPO with unwavering integrity - At OP360, integrity and trust form the foundation of our mission We are committed to fostering a fully transparent relationship with you

Unparalleled renter and host experience - Delivering top-notch quality is our minimum standard at OP360. We take pride in matching our clients with highly skilled agents who not only excel in their work but also proactively identify opportunities to enhance the customer experience.

Rapid scalability in line with Turo's growth - OP360 is the go-to expert in scalability, backed by proven recruiting and training programs that consistently yield remarkable results. A collaborative and easy-to-work-with partner - With direct access to C-level sponsors, deep commitment to transparency, and straightforward all-in-pricing, OP360 simplifies the process, allowing us to prioritize delivering the finest experience aligned with your strategies

From our previous discussions, we are confident that OP360's operational framework and culture align seamlessly with Turo's unique work approach, customer objectives, and employee-centric perspective This partnership will not only fulfill your strategic host and renter experience goals new demands arising from your upcoming IPO. We are excited to er.

What Turo means to us

For the team at OP360, Turo is not a brand - it's a lifestyle. It's a high end sports car for a well deserved weekend. It's an opportunity to earn from your idle car. It's finding that perfect car for the perfect occasion. Turo is the convenient, economically efficient, and environmentally and socially responsible way to access an extraordinary selection of vehicles.

We make communities connect better. Community

The Turo host community is a vibrant collective of car enthusiasts and travelers who share unique vehicles - fueled by a passion for driving, trust, and meaningful experiences. OP360 keeps the community connected, enabling members to share and learn from one another, enhancing their entrepreneurial journey.

Delighted Renters

Be responsive and go the extra mile.

Turo renters deserve the best - reliable cars, personalized support, and exceptional service. With OP360's experienced agents trained in hospitality and VIP service, every request and concern is addressed. Our commitment is to make every renter's journey seamless and worry-free

Continually strive for improvement. Measurable Performance

Delivering exceptional experiences for both renters and hosts relies on the utilization of data-driven metrics. By leveraging PowerBI and AI-enabled reporting, OP360 will not only achieve Turo's key performance indicators (KPIs), but will identify opportunities for continuous improvement to surpass customer satisfaction (CSAT) expectations.

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What we offer to Carsharing

OP360 means being able to focus on your most critical strategic activities. We help your business run more smoothly, economically, and efficiently - whatever your business may be."

MULTI-CHANNEL RENTER EXPERIENCE

Provide dedicated renter care teams to be an extension of your operations across text, chat, email, and voice channels

HOST SUPPORT

Provide support to hosts in managing their rentals, addressing platform issues, and handling renter issues

HOST ELIGIBILITY

Manage vehicle and host eligibility vetting process to ensure quality and accelerate speed to platform

BACK OFFICE

With 160K+ active hosts and 2.9 million active guests, OP360 can manage various admin processes to handle scale

"Partnering with
3 OP360 Proposal to Turo

A better way to outsource

At OP360, we believe that a great employee experience leads to an unmatched customer experience. Our culture and community reputation attract high caliber talent with exceptional skills and deep empathy for our clients' customers. Our agents continuously strive to enhance your customer experience.

Investing in our employees drives excellence

96%

Agent Retention Rate

With a remarkable retention rate of 96%, our three-pronged approach to growth and development, empowerment, and recognition is the driving force behind our team's satisfaction and happiness.

You'll have direct access to our top leadership and be paired with an executive sponsor. We offer competitive pay scales enabling lower attrition rates, improved quality, excellent English proficiency, efficient recruitment processes, and scalability. Our company focuses exclusively on offshore investment, ensuring high pay for employees and costeffective solutions for clients ESAT

Supportive Leadership

94% 93% 83%

Fun at Work
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People first

Creating an Engaging and Supportive Workplace: Prioritizing Employees and Fostering Success

As a company, we prioritize our employees by actively listening, gathering feedback through surveys, OP360 Cares inbox, and chat support. Our senior leadership holds regular Town Hall sessions for open dialogue and encouragement We believe in transparent communication about our business goals and successes to keep our employees engaged. This fosters a genuine and interactive workplace, leading to industrybeating attrition rates.

With our strategic market approach, we effectively keep overhead costs low in the US while maintaining optimal efficiency. This enables us to invest the savings into leadership positions in the countries where we operate, ensuring that our team receives above-market salaries and benefits As a result, our retention rates are exceptionally high, surpassing industry standards.

We carefully choose our clients and projects, partnering with those who prioritize their customers like we prioritize our agents. This fosters strong relationships and mutual investment, leading to exciting opportunities and high engagement from all parties involved.

ESAT 2023 Results

Each year, we conduct annual employee satisfaction (ESAT) surveys that encompass various categories, such as enjoyment in the workplace and supportive leadership. Consistently, our results showcase remarkable levels of participation, and in 2023, we achieved an impressive 94% employee satisfaction score. The survey findings for 2023 emphasized that our employees are content with their roles, find joy in their work, and would gladly reapply for their current positions.

SUPERVISOR TO AGENT RATIO 1:15 Team
AVERAGE TENURE OF AGENTS 1.6 Years AGENT ATTRITION RATE 4% AVERAGE TENURE OF SUPERVISORS & MGMT
ENABLINGSUCCESS 5 OP360 Proposal to Turo
Leader
2.6 Team Leader 5.6 Sr Management
EMPLOYEE SATISFACTION 94% TEAMWORK IS VALUED 84% 94% CLIENT SATISFACTION NEW HIRES THROUGH REFERRALS 50% WOMEN IN LEADERSHIP 45% EAGER TO REFER A FRIEND 81% 83%
HIGHER
AVERAGE AGENT PAY
81% REAPPLY
OP360
SUPPORTIVE LEADERSHIP
THAN INDUSTRY
ABOVE MARKET
AGAIN AT

How we recruit for 97% retention

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OUR GEO

Our Talent Acquisition team comprises experienced professionals with decades of recruitment industry expertise. Each member brings a wealth of creative solutions to the table. But beyond skills, we ' ve handpicked our recruiters to ensure a perfect fit with our company culture and values.

We have dedicated recruitment teams in the Philippines and Colombia, responsible for the full recruitment cycle. They proactively seek out top talent to support client programs, working closely with our Client Services team, department heads, and program owners. Their goal is to understand hiring requirements and source highly engaged teammates for client success.

We possess the flexibility to acquire the right talent. After ensuring operational sustainability, for clients who embrace a work-from-home (WFH) model, our hybrid delivery approach offers the best of both worlds. It also serves as a business continuity strategy through its distributed resource structure. Some clients prefer in-center operations, while others are open to either option. We are adaptable to meet any requirement, offering up to 100% in-center, WFH, or a hybrid solution.

Even with the WFH model available, OP360 hires agents near our center locations. This allows us to foster inperson relationships and ensure that every employee truly feels like a valued part of our company and culture.

1 THE RECRUITMENT TEAM DIVERSIFICATION STRATEGY
OP360 Proposal to Turo 7

How we recruit for 97% retention

DEFINING THE CLIENT NEED DESCRIPTIONS

Each account is assigned a recruitment lead who works closely with the hiring manager and the Client Services team. Their goal is to gain a deep understanding of the client, their program needs, organizational culture, and customer base. This collaborative effort serves as the foundation for creating the hiring profile and job description, especially if the client hasn't provided one.

To ensure accessibility and regular review by our training, operations, and recruiting teams, we capture every new hire requirement within Zoho Recruit, our applicant tracking system. This guarantees that the hiring profile remains aligned with ongoing needs.

Clients will typically provide a job description for roles but we also have our OP360 library of standard job descriptions and will proactively craft a best-practice job profile based on industry standards.

We will share this job description with you to ensure that our recruiting expectations are aligned with yours.

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3
JOB 4

We invest heavily in training. It is the foundation for meeting our SLAs, retaining agents, delivering a great experience for consumers, and having a strong foundation for excellent service delivery. Using the ADDIE model, we work through the 5 step process with our clients.

Our collaborative approach depends on the status of client training materials and your satisfaction with the current training. Revisions to the curriculum or materials require sign-off for alignment and approval.

For clients with an established curriculum and in-house capability, who have achieved strong results with their training, we adopt their methodology and focus on a client-led train-the-trainer approach.

2. ANALYSIS

For clients lacking formal training curricula or unsatisfied with their current approach, we collaborate to design, develop, and deploy a new training program.

When working with clients, we begin by asking questions to grasp their current situation and training objectives. Based on this, we create a training plan outline

DESIGN

DEVELOP

IMPLEMENT

Training that works EVALUATE

We storyboard ideas and create a prototype to quickly communicate the value of the training to other stakeholders.

We use Articulate 360 to create courses, incorporating captivating graphics, fonts, and colors to enhance engagement.

New hires access tested courses via LMS, with customizable options for enrollment, time limits, assessment, and feedback.

ADDIE provides a structured method for training program creation, enhancing future iterations. Feedback gathering is crucial for content improvement.

1.
OP360 Proposal to Turo 9

Good is not enough

TONE

The characteristics of how the message is relayed in words, including the focus on how it is conveyed rather than just the content, as well as the confidence in relaying the message, are rated on a scale of 1-10

PRONUNCIATION

The interviewer evaluates the manner in which words are spoken, conveyed, and comprehended, considering syllable stress, rhythm, and intonation, and rates them on a scale of 1-10

ACCURATE USE OF GRAMMAR

The ability to use sensible subject/verb agreement and express thoughts clearly is rated on a scale from 1 to 10

ACCENT & RATE OF SPEECH

The accent should be neutral, avoiding a strong inclination towards a heavy manner of speech Match the interviewer's pace - not too slow, not too fast. Rated 1 to 10.

COMPREHENSION AND ACTIVE LISTENING

The ability to precisely capture questions, including any necessary clarifications, is contingent upon the response scale ranging from 1 to 10

GRAMMAR TEST

https://www.arealme.com/online-englishgrammar-test/en/

IQ Test: https://www.123test.com/iq-test/

Vision Test: https://enchroma.com/pages/test

Typing Test: https://10fastfingers.com/typingtest/english

Excel Test: https://www.testdome.com/tests/exceltest/132

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How we define excellence

CLIENT DEFINED. DRIVEN BY DATA.

We use a performance management process for each program, following a "balanced scorecard" methodology. This approach includes qualitative and quantitative performance metrics aligned with Turo's goals and objectives.

DEFINE

Our program ' s metrics focus on productivity, quality, and attendance. We work closely with clients to better understand customer satisfaction, combining these metrics to create a comprehensive picture.

CSAT Score

First Call Resolution Average Total Wait Time Average Handle Time Resolution Rate Net Promoter Score

MEASURE

We conduct surveys to gather client feedback, including overall satisfaction, key performance indicators (KPIs), staffing management progress, communications, urgency, and Net Promoter Score (NPS) If a client already uses a Customer Satisfaction (CSAT) survey solution, we typically continue with their preferred choice. We also collaborate with third-party technology providers like StellaConnect and Delighted, leveraging their approaches and methodologies.

OP360 Proposal to Turo 11

Relentlessly improving

With a dedicated data team working round the clock, capturing and analyzing relevant information is vital for adding value to your business.

Understanding your customers is crucial in your outsourced partner experience, as each interaction generates data that reflects activity specifics, productivity, conversion, customer experience, and ultimately impacts your business

Regular calibration of CSAT and QA data helps us develop action plans based on insights, shared with our operations team for close monitoring and addressing concerns

Major Client Quality Results

⬆15

CSAT

Increased customer sat by 15 points.

DSAT ⬇3

Reduced dissatisfied customer metric by 3 points.

TAT

⬆30

Improved Turnaround Time

SLA by 30 points.

We help clients build QA scorecards for teams. Our QA teams analyze survey results, comments, and feedback monthly to find areas for process and system improvements.

Findings and recommendations are compiled into reports discussed during our Operational Management Review Our thought leadership reputation stems from fresh ideas based on data analysis

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Quality is a habit.

At OP360, quality is our top priority, and we achieve it through a meticulous process that measures customer satisfaction, ensures compliance, process adherence, and accuracy.

Our Quality Team goes through a rigorous selection process and receives comprehensive training in internal procedures, coaching techniques, and implementing action plans.

Committed Quality Assurance Team

Our dedicated team is always available, providing regular training on quality parameters to ensure exceptional service

Rigorous Quality Standards

Our QA team conducts a minimum of 2 random call recordings or reviews 2 chat engagements per agent every week, ensuring adherence to quality standards. Agents in need of improvement receive 3-4 random audits per week.

Continuous Improvement

Bi-monthly feedback sessions help employees identify areas for improvement, while also introducing new scenarios for growth.

Recognition and Motivation

Employee bonuses and rewards are tied to achieving quality metrics, fostering a culture of excellence.

OP360 Proposal to Turo 13

Ridgefield, CT Headquarters

Tampa, FL Sales Center of Excellence

Barranquilla, Colombia

Global footprint

Metro Cebu, Philippines

Coimbatore, India Davao City, Philippines

Cagayan de Oro Philippines

OP360 prides itself on strategically curating its delivery locations to optimize talent acquisition and minimize operational costs. Our choice of locations ensures seamless business continuity, unruffled by geographical nuances. One such location is our center in Colombia, conveniently accessible via a mere 2.5-hour direct flight from Miami (MIA) and Fort Lauderdale (FLL). This proximity facilitates effortless check-ins, making it an optimal choice for the ongoing operations of our business.

Locations

NORTH AMERICA

Ridgefield, CT (Corporate HQ)

Tampa, FL (Global Sales Center of Excellence)

global employees

OP360 strategically thrives at the crossroads of key success factors. Our prime location ensures access to a talented pool of experts and a steady flow of innovative ideas

We maintain an optimized cost structure while boasting robust infrastructure for business continuity. Proximity to major airports facilitates efficient travel and enhances connectivity with global partners and clients.

LATIN AMERICA

Barranquilla, Colombia

Cra 53 #80 - 198 18th Floor Atlantica Tower

ASIA PACIFIC

Philippines

Cebu IT Park

Central Bloc

Ebloc

Ayala Center

Davao City

IT Park Damosa

Diamond Tower

Cagayan de Oro

India

Coimbatore

4000+
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Davao City, with a population of nearly 3 million, is a safe and vibrant hub. It houses 48 universities, has a thriving economy, modern infrastructure, and is the fastest-growing ICT-BPO hub in Mindanao, Philippines. With around 57 companies and 45,000 to 50,000 employees, BPOs are driving the region's office market growth.

Philippines

Cebu, a prominent and popular province in the Philippines, is a bustling center of commerce and industry in the southern region. With a population of 3.3 million, it serves as a regional hub for the BPO industry, boasting a workforce of around 190,000. The city is also home to several major international companies.

CAGAYAN DE ORO

Cagayan de Oro City, known as "the Golden City" or the City of Golden Smiles, is an ideal outsourcing destination. It provides a favorable environment for customer service and technical support operations with its warm climate, distinct workforce culture, and strong work ethics Situated in Mindanao, it serves as a commerce gateway, offering cost-effective options and a stable business environment

DAVAO CEBU
OP360 Proposal to Turo 15

BARRANQUILLA

Our delivery center in Barranquilla, Colombia, was established in July 2021 and currently boasts a team of 450+ employees.

We strategically chose Barranquilla due to its rising global prominence as a top Latin American destination for the BPO industry.

This location not only provides our clients with Spanish language proficiency and accent-neutral bilingual capabilities but also ensures US time-zone compatibility. Moreover, it attracts a tech-savvy demographic, further enhancing our ability to deliver exceptional services.

Colombia

Barranquilla, Colombia's fourth-most populous city, is a vibrant hub for commerce, finance, and logistics. It is known for its industrial, shopping, educational, and cultural significance in the region. With a strong focus on the BPO industry, Barranquilla offers a growing market with skilled resources in various fields. The city serves as a vital maritime trade hub, facilitating the exchange of millions of tons of goods with the United States, Europe, and Asia through its port.

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Client Services

Our dedicated Client Services Leader ensures timely solution implementation, delivering exceptional contact center results.

At OP360, we understand that customer experience is a continuous journey, not a destination Failing to improve CX and meet customer expectations can lead to falling behind competitors and losing customers

Our Client Services Leader is your dedicated point of contact, working closely with you to understand your business needs and ensure timely implementation of solutions Our Client Services team collaborates with our CX Consulting and Analytics teams to identify areas for improvement, providing proactive recommendations based on real-time feedback

With our streamlined account structure, all client contact center activities and performance management are seamlessly handled across functional areas. From program initiation to ongoing management and development, we are committed to tracking the Turo initiative and delivering exceptional results.

CONTINUOUS IMPROVEMENT KEY AREAS

Customer Journey Mapping

Competitor Mapping

Design Thinking and Innovation

Knowledge Management

Scenario-based Training

Time and Motion Workflow

Optimization

Customer Communications

OP360 Proposal to Turo 17

Rapid implementation

The key to a successful program start-up lies in its well-executed implementation. Implementing a program involves considering numerous variables, as each call center program is unique in its own way.

Project governance and management

Network readiness assessment

Operations support review

Solution requirements validation

Detailed design development

Applications design and development

Systems acceptance test plan development

Performance acceptance test plan development

TECHNOLOGY RECRUITMENT

TRAINING & QA

Tools & communication platform

VPN/Firewall

Credential requirements

Hardware & software specifications

OPERATIONS

Job description

Sample calls/ chats/ emails

Hours of operations

Location

Training materials (LMS, PDF)

Training agenda

Exams, SOPs, videos

QA form & guidelines

WBR scorecards

KPI definition & targets

Process flow

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Scaling with quality.

Companies may require more customer support staff for various reasons. When confronted with a surge in customer inquiries or issues, expanding their workforce becomes necessary.

Our client, the nation’s largest personal injury firm, faced a crucial deadline imposed by an update to Florida law - March 16-25, 2023 - for filing cases in the state. To successfully manage the increased workload and meet the deadline, we swiftly augmented our staffing levels by 75% This strategic move enabled them to file approximately 10,000 cases within the 10-day timeframe while also conducting complaintgeneration surveys.

STAFFING LEVELS

10K Successfully filed within 10 day timeframe

Additionally, Cross Screen experienced a remarkable 137% increase, showcasing their growing success. In Client Advocacy, confirmations were doubled and even tripled, ensuring stronger support for clients Furthermore, Mailroom Operations cleared a three-month backlog by increasing their Mailroom queues from one to four, resulting in improved efficiency.

CROSS SCREEN

⬆137% Cleared 3 month backlog through Mailroom queue process improvement

CASES Experienced increase in cross screening

MAILROOM BACKLOG 3X

⬆75% Augmented staff to meet workload increase OP360 Proposal to Turo 19

Information Security & Certification

PCI-DSS Level 1 Certified

ISO/IEC 27001:2013 (ISMS) Certified

Crowdstrike Enterprise Endpoint Security

Fortinet Security Fabric

Microsoft Active Directory infrastructure

Comprehensive information security measures

We ensure continuous improvement, leveraging technology and adhering to regulations and certifications to safeguard your data as a trusted business partner.
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Vulnerability Management, Access Control, Monitoring Secure Services, Continuity & Protection Physical Security InfoSec Policies and Tools Updated:August92023 OP360SITE PCIDSSLEVEL1 ISO27001 SOC2TYPEI SOC2TYPEII COLOMBIA Barranquilla,Colombia PCIDSSLevel1 Expectedbyendof 2023 Expectedbyendof 2023 Expectedbyendof 2023 PHILIPPINES AyalaCenterCebuTower,CebuBusinessPark, CebuCity(PlanningtoSunset) - - -eBlocTower4,CebuITPark, CebuCity(PlanningtoSunset) PCIDSSLevel1 ISO27001:2013 Expectedby September2023CentralBloc,CebuBusinessPark, CebuCity PCIDSSLevel1 ISO27001:2013 Expectedby September2023 Expectedbyendof 2023 TopazTower,ITParkDamosa, DavaoCity PCIDSSLevel1 ISO27001:2013 Expectedby September2023 Expectedbyendof 2023 DiamondTower,ITParkDamosa, DavaoCity PCIDSSLevel1 Expectedbyendof 2023 Expectedby September2023 Expectedbyendof 2023

Value driven pricing

At OP360, we firmly believe in the power of transparency and simplicity in pricing, as it allows management to concentrate on what truly matters - fostering meaningful collaborations to deliver exceptional experiences for both hosts and renters. With our all-in pricing strategy, Turo can expect straightforward, uncomplicated costs with zero surprises. This approach is designed to ensure that the focus remains squarely on enhancing the user experience, not on navigating a complex pricing structure.

Our dedicated agents are carefully selected to meet Turo's client requirements.

We assume 8 billable hours per working day.

Hours of operation 24/7.

In Colombia, overnight rates assume a WFH environment.

Our pricing is based on a payroll rate, covering all breaks, coaching, and team meetings.

Lunch, absenteeism, and PTO is not billable.

The pricing shown includes dedicated support, including team leaders and QA. All attrition is backfilled at no additional cost.

All rates are inclusive of:

# OF AGENTS PHILIPPINES COLOMBIA < 150 $10 70 $15 95 151 - 250 $10 50 $15 65
Client Services Recruiting HR + Payroll Trainers Quality IT Support Workstation + connectivity Reporting WFM Facilities Insurance Taxes Operations InfoSec
OP360 Proposal to Turo 21
Website www.OP360.com Phone +1 (817) 223-9492 Email michael@op360.com Abetterwaytooutsource OP360 is your innovative BPO partner as you navigate the evolvingdemandsofyouranticipatedgrowthandpreparefor your public offering. We are your trusted ally, ready to assist youeverystepoftheway. Thank you

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