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Product Management Root Cause Analysis Question: Investigating spike in Wise Business account support tickets

Asked at Wise

15 mins

Why has customer support ticket volume for Wise's Business account feature spiked by 30% this quarter?

Problem-Solving Data Analysis Strategic Thinking Fintech Banking SaaS
Data Analysis Product Metrics Fintech Root Cause Analysis Customer Support

Introduction

The recent 30% spike in customer support ticket volume for Wise's Business account feature is a critical issue that demands immediate attention and a thorough root cause analysis. As we delve into this problem, we'll employ a systematic approach to identify, validate, and address the underlying factors contributing to this significant increase in support requests.

Framework overview

This analysis follows a structured approach covering issue identification, hypothesis generation, validation, and solution development.

Step 1

Clarifying Questions (3 minutes)

  • Looking at the timing, I'm thinking there might be a recent product update. Has there been any significant change to the Business account feature in the last quarter?

Why it matters: Recent changes often correlate with support ticket spikes. Expected answer: Yes, there was a major update to the user interface. Impact on approach: If confirmed, we'd focus on UI/UX issues and user education.

  • Considering user segments, I'm wondering if this is affecting all users equally. Are we seeing a disproportionate increase in tickets from any particular user group, such as new users or those in specific industries?

Why it matters: Helps narrow down if it's a general issue or specific to certain users. Expected answer: New users are generating more tickets than usual. Impact on approach: If true, we'd focus on onboarding and first-time user experience.

  • Thinking about the nature of the tickets, I'm curious about the content. What are the top 3 issues being reported in these support tickets?

Why it matters: Identifies specific pain points to address. Expected answer: Account setup, transaction limits, and integration issues. Impact on approach: Would guide our focus on specific feature areas for improvement.

  • Considering external factors, I'm wondering about market conditions. Have there been any significant changes in the business banking landscape that might be driving increased usage or complexity?

Why it matters: External factors can indirectly impact support volume. Expected answer: New regulations have been introduced in key markets. Impact on approach: If confirmed, we'd need to consider regulatory compliance and user education.

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