Success with RBP
RBP helps your financial institution (FI) to streamline product-centric pricing practices across the enterprise, as well as to switch over to a customer-centric pricing policy. RBP solutions allow your product managers to define price lists for various products at a global level, and your relationship managers to define exceptions at regional, customer and account levels – this, in turn, personalizes your price plans to suit specific relationship scenarios.
Through sophisticated rule-based pricing engines, RBP solutions take care of the pricing and billing functions of any product, so that your FI can turn off such functions within the silos. Pricing can be based on multiple parameters, such as the overall business the customer does with the bank or the types of services he/she buys.
If retaining customers, selling more to the existing customers, getting a 360-degree view of the customer-base and preventing revenue leakage are the major hurdles that hold you from taking your FI to the next level of growth, then RBP is your best answer. RBP would not demand rip-and-replacing of existing core system, is creative, economical, and lower-risk inclined – it enables your FI to achieve your business vision successfully.
