 Limited by Imagination:
What is it that you are looking for finally?
Shareholder value, we hope.
miRevenue provides solutions that truly enable revenue generation, recognition and assurance with dramatic improvements in Straight Through Processing. Solutions that integrate and co-exist with your current infrastructure investments.
Dynamic Commission Calculations based on Recognized Business Value
Several parties contribute directly to product and customer acquisition for Financial Institutions. These parties are typically compensated, based on their relative contributions to business revenues, in the form of commissions or fees. Commission plans reflect the Institution's relative value for each new customer or product acquired, ensuring that Sales Agents motivations are consistent with Institutional objectives and profitability.
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Customer Relationship Driven Benefits and Rewards - Treat Customers based on Relationship Value
Rewarding customers based on "Total Relationship Value" and providing differential treatment is a key focus area for Financial Service Providers. This requires the ability to recognize and reward customers continuing loyalty and patronage across the Institution's lines of business, products, services and delivery channels.
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One to One Customization
To meet their growing financial services needs, today's banking customers are holding a greater number of distinct products in their portfolios. Increasingly, customers are choosing "best fit" products across multiple institutions, in an effort to obtain the lowest rates. To maximize customer "wallet share", relationship managers propose bundles of products, usually with rate and/or fee concessions to make the entire package more attractive. Individualizing a "best fit" package for each customer is known as "One on One Customization".
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Launching Product and Pricing Innovations
Innovations in product and pricing models are becoming a critical requirement in today's competitive financial services market place and are emerging as a key differentiator for financial service providers in their quest to attract and retain customers. One major challenge is to launch innovative strategies with little (or no) disruption to existing host and processing systems. This is a critical factor in obtaining the mandate and approvals for innovative product and pricing initiatives.
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