Dynamic
Pricing & Billing |
 miRevenue Dynamic Pricing & Billing module builds upon the Active Product Catalogue foundation to allow innovative new products to be defined and executed external to existing core banking applications with minimal integration effort. Dynamic product pricing can be based upon individual or group profiles, entire customer relationships; flat, tiered or threshold calculations or any combinations thereof. Calculations can be fees, service charges, interest, benefits, average/aggregate balances, EMI, commissions etc. Reward point contributions can be calculated for any product or transaction, based upon entire customer relationship value. Support for multi currency, multiple charges, taxes as well as apportionment is available.
Pricing policies can use any customer attribute, either referenced or derived. Static attributes like geography, segment, age as well as dynamic attributes like total assets/liabilities, credit rating, price optimization are some examples.
Results from pricing can be consolidated, aggregated or adjusted with custom formatted posting to general ledgers, reward systems or for statement generation as a part of the billing process. |
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