Overview
HCL PRICE enables banks and financial institutions to :
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Move from ‘Product Centric Pricing’ to ‘Customer Centric Pricing’
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Implement an enterprise-wide fee computation system across multiple lines of businesses such as trade finance, business banking, cash management etc
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Configure differential fees across transaction types, channels, domains, processing systems and customer groups
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Design and implement innovative pricing schemes.
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Support billing and invoicing requirements of multi-tiered customer organization.
HCL PRICE can be implemented as a horizontal solution without disturbing the bank’s existing transaction processing systems, while enabling it to achieve pricing flexibility, centralized invoicing and customer centricity.
Value Proposition
HCL PRICE Enables Financial institutions to:
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Implement customer centric pricing to enhance customer loyalty and expand customer base
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Build profitable customer relationships and increase share of customer wallet
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Create innovative product offerings, bundled offerings and campaigns based on pricing
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Loosely coupled pricing and invoicing modules
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New generation technology architecture
HCL Differentiators
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Externalized Business Rules Engine based Fee identification
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Complete flexibility for business users to create and manage dynamic rules for pricing plan identification and fee optimization
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Quicker launch of new pricing models, promotional schemes and campaigns to meet market needs
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Automated rules based identification ensures consistent application of pricing policies
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Powerful customer centric pricing plans and flexible pricing algorithms
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Automated pricing plan adoption across multi tiered customer hierarchies
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Comprehensive, flexible pricing algorithms to support a range of pricing models
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Domain neutral, user configured parameters for complete flexibility in introducing new basis for pricing transactions
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Unified invoicing for multi tiered, multi entity, multi geo customer organizations
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Support for multi tiered customer hierarchies and generation of consolidated and individual invoices at each level
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Host of invoicing features to support customer specific invoice templates, invoicing currency, frequency, dispatch media and formats
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Compliance for TWIST e-invoicing standards to enable STP of invoices with the customer’s ERP systems
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New generation technology enabling the bank to move towards a seamlessly integrated pricing and invoicing solution as a shared service across lines of business
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Service oriented architecture with ability to expose business components as services to enable easy integration core banking and other transaction processing systems
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Enables best of breed approach with flexibility to integrate with business rules management engines, if desired.
