Active Product Catalogue
Active Product Catalogue (APC): A centralized placeholder to manage all products, pricing & bundling details. It provides the key user interface into the pricing and billing engine and can be integrated with all channels. The APC provides the following key functionalities:
- Ability for a business user to define and manage any complex pricing rule associated with any attribute through the use of built in drop down lists and parameters
- Business users can package and bundle individual products and associated pricing to meet customer needs and wants i.e. bundle products across traditional product silos
- Define standard terms & conditions and associated deviation controls for front line sales staff
- Configure time sensitive promotions to address market disruptions, without cloning, creating new products
- Define and manage complex billing rules
- Define and manage complex financial accounting rules
- Centralized placeholder for all product details including standard terms and conditions, start and end dates, regional product differences, eligibility, suitability, associated waivers, contracts ,penalties and marketing collateral
- Ability to seamlessly integrate the APC within banks destination systems; linking product manufacturing directly with sales and servicing environments
Key Benefits
- Quicker Time to Market and Low Cost of System Changes – Enable Product Innovations and Promotions.
- Enable Packaging and Bundling across product silos – Launch customer relationship based product pricing strategies
- Provide Real Lifecycle Management from creation to retirement including versioning and revisioning capabilities. Product cloning is no longer required.
- One Central Point of Truth with ease of distribution – Support Manufacturer and Distributor Models with ease.
- Setting Price, Cost and Benefit Deviation Controls – System driven controls to manage profitability.
