Relationship-based Pricing Management

Bring pricing to the forefront of your customer engagement strategy by creating an enterprise pricing master for fees, rates and charges that win the hearts and minds of your customers.

Why SunTec Xelerate?

SunTec’s Relationship-based Pricing Management on the SunTec Xelerate platform complements and significantly augments existing core banking capabilities and enables contextual pricing. As an enterprise pricing master, SunTec Xelerate enables fairness, enhances transparency for all stakeholders, improves control and governance and enhances revenue. The rule-based capability further automates the pricing process to provide agility, improve maintainability and allow end-to-end auditability and traceability.

Features

Relationship-based

Pricing based on holistic relationship value across customer and customer groups including complex relational conditions

Hyper-personalized

Pricing to the segment of one – contextual and real-time pricing driving highly personalized pricing strategies

Comprehensive Coverage

Unified capability to manage all dimensions of value including fees, charges, rates, benefits (cash and non-cash), commissions, taxes

Agile and Configurable System

Configurable, rule-based pricing allows for quick launch and change management with a reduced launch and operating costs

Enterprise Approach

Enterprise-level capability for pricing of all products, services, events and transactions

Insights-driven

Reduced risk through real-time, analytics-driven decision-making, based on insights through rules and persona-based dashboards

Regulatory Compliant

End-to-end auditing with traceability combined with real-time data management enhances regulatory compliance and ensures fairness and transparency

Benefits

• Drive customer engagement through hyper-personalized and contextual pricing
• Improve customer retention through choice, transparency and fairness for each customer
• Enhance agility and flexibility through a unified and enterprise capability for all aspects of pricing
• Improve revenue quality through insight-driven decisions, enabling right pricing
• Reduce operational risk and cost through automation and enhanced control
• Reduce conduct risk and ensure compliance with regulatory guidelines through end-to-end auditing, traceability and enhanced controls