ELEVATE PROFITS, OUTPACE COMPETITORS
Central Pricing Management provides banks a holistic perspective, delivering clear insights into pricing models used across various financial products and applications. This unified method not only enhances oversight but also fosters a unified grasp of pricing tactics.
By consolidating this knowledge, banks are positioned for smarter decision-making. Such a streamlined approach paves the way for optimized efficiency, ensuring that pricing remains consistent, competitive, and in line with overarching financial strategies, benefiting both the bank and its customers.
Our innovative solution provides the capabilities to seamlessly create, fine-tune, and effectively manage financial products, catering to both the Deposits and Lending domains. This encompasses a streamlined workflows and approval processes.
Supercharge your sales with customizable Price Lists, managing standard, individual, or campaign pricing based on Fees, Interest Rates, and FX Rates. Price list validity can be setup to be:
- Based on customer segment
- Other specific eligibility criteria
The Pricing Engine ensures smooth updates for customer settings and product fees, accommodating changes like expiring price lists, adjusting for customer attribute modifications, and fine-tuning at the product level. These updates adhere to predefined dormancy rules, ensuring precise and efficient pricing management.
- Effortlessly handles price list expirations
- Adapts to changes in customer attributes for eligibility
- Precise adjustments for individual price lists or discounts
- Customized Offerings: Adapt pricing by customer segments, behaviors, or usage for personalized offers.
- Competitive Advantage: Adjust prices swiftly based on market trends, competitors, and economic indicators.
- Operational Efficiency: Streamline operations by centralizing processes, reducing manual interventions and errors.
- Improved Profit Margins: Optimize prices to capture maximum value, improving overall revenue and margins.
- Regulatory Compliance: Ensure pricing models align with standards and allow easy adjustments for compliance.
- Risk Management: Price based on eligibility criteria, customer creditworthiness or risk indicators for effective mitigation.
- Consistent Customer Experience: Deliver coherent and fair pricing across all channels, improving trust and loyalty.
- Agility in Adaptation: Rapidly modify prices based on events, seasonal changes, or special promotions, enhancing flexibility.
FREQUENTLY ASKED QUESTIONS
All configuration is done in state-of-the-art UIs with guided flows, approval workflows and great automation capabilities.
The Product Catalog and Pricing solution enables different pricing models including customer segmentations and individual pricings.
Yes, Customer and Account relationships are also available and registered in the application if needed. PCP provides a module that contains customers' current settings and their products including all active fees and their price lists.
All product information is available to be consumed by all components of the bank’s architecture through Restful Services.
Axxiome Digital offers multiple deployment options, including on-premise, self-hostsed and cloud deployments. Read more about the Digital Platform and its deployment options here.