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SunTec Introduces, first of its kind solution, TBMS-F V4 to Bridge International Boundaries for Global Financial Services Institutions
New Dynamic Relationship-based Pricing Platform Addresses the Demand from Banking Customers for a One-stop, Unified Approach across Global Markets and Financial Product Offerings
SunTec exhibiting at SIBOS 2006, October 9-13, stand # J06
Princeton, NJ, USA and Trivandrum, India -- October 10, 2006 – SunTec Business Solution, a leading provider of Relationship-based Pricing and centralized billing solutions today announced a major evolutionary enhancement for TBMS-F, their flagship financial services billing software.
The current version of TBMS-F enables banks to deploy centralized pricing and billing platform. With the current solution banks can either go for streamlining their pricing and billing functions for a line of business across geographies or, go for a turnkey rollout of Relationship-based pricing and billing for all lines of business and geographies.
The new version, TBMS-F V4, a first of its kind solution, does all this and much more. The solution can be now deployed globally across multiple countries, in addition to the multi-currencies and languages already being supported. Business rule based processing capability in TBMS-F V4 has been significantly enhanced to support ‘global inheritance’ with virtual database capability. ‘Global inheritance’ allows financial institutions to set pricing rules at global level which, the regional and branch level business managers can inherit in real time and personalize them for their clients as need be.
The dynamic rule-based platform can centralize and automate the pricing, planning and execution functions across all product lines, thereby helping banks to have a single view of the customer’s business across all global markets.
As consolidation and globalization have emerged as key paradigms, large banks have become truly ‘global’ in terms of their presence and operations. They today, serve large corporate customers in multiple geographies and offer different products across lines of business. Hence, it becomes critical for banks to see the total value a customer brings to the table and provide benefits based on the same.
“Global financial institutions can now have a unified picture of their total float across all accounts and markets and assess the financial benefits given to a customer based on this total picture,” said Nanda Kumar, president and CEO of SunTec. “One of the primary benefits of this solution is the availability of customizable dashboards for the financial institutions to do detailed revenue and profitability analysis across lines of business, products, and individual customers on a global basis.
In addition to making significant advancements in functions like transaction data integration, real-time rating, pricelist modeling, consolidated billing and granular level revenue accounting the GUI of TBMS-F V4 has also been enhanced to improve the ease of use multifold.
“TBMS-F V4 is designed for interoperability with legacy and new generation systems. The system is also highly scalable to handle millions of transactions and flexible to adapt to dynamic business requirements, hence, addressing all prerequisites of a global deployment – interoperability, scalability and flexibility,” added Percy Barraclough, Chief Technical Officer, SunTec.