Ecosystem Management and Monetization
Embrace the open economy – adopt new business models and increase revenue sources. Become a
true value aggregator through collaboration and co-innovation.
Why Xelerate?
SunTec’s Ecosystem Management and Monetization on Xelerate platform enables financial services, telecom, travel and insurance organizations to embrace the open economy and use it to their advantage. It helps organizations transform from a utility provider to a value aggregator. Organizations can expand their products and services offering by collaborating with external partner ecosystems, providing innovative solutions, adopting new business models and maximizing revenue by delivering true value to its customers.
SunTec’s Ecosystem Management and Monetization achieves this through end-to-end management, monitoring, and monetization capabilities across the partner and the customer value chain. The solution is pre-packaged with powerful features that help organizations to leverage the true potential of the open economy.
Features of SunTec’s Ecosystem Management and Monetization
End-to-end Partner Management
API based end-to-end partner life cycle management from on-boarding to financial settlement
Multi-business Models Support
Support for organizations in different roles – as producers, distributors, co-innovators,
aggregators, etc.
Holistic Product Catalog
Manage third party products and services as part of the centralized, holistic catalog
Automated Revenue Settlement
Automated and controlled computation and settlement of revenue share across the value
chain
Experience Design Capabilities
Visualize the entire customer buying experience. Enable product managers to create
innovative offers using products from a partner ecosystem
Monitoring Capabilities
Track and analyse pattern, volume and frequency of usage. Real-time insights on revenue,
cost and profitability across the partner ecosystem
"Extend your enterprise and drive customer-centricity with comprehensive partner management capabilities."
A successful organization is one that creates a conducive ecosystem for various players to co-create solutions, thereby allowing a greater and wider reach and becoming truly customer centric. But with the networks getting more complex, partner management with associated revenue management and settlement becomes crucial.
Xelerate provides the flexibility to form partnerships in the Open economy. The end-to-end partner management capabilities take care of partner price tariff and contract management, with revenue sharing computation and settlement.
Benefits
Build a partner ecosystem to offer complementary products to customers and own the
customer value chain
Co-innovate for customer-centric offers ensuring customer retention and growth
Add new business models for additional sources of revenue
Manage external products within your enterprise product catalog
Leverage insights to cross-sell innovative offers to customers
Monetize APIs which are accessed by third party partners
Customized plans for API monetization based on partner profiling
Our Latest Insights
Customers today demand more value out of their relationships with their service providers. Banks must, therefore, develop an ‘Experience-First Mindset’, moving away from the traditional products and services mindset.
Banking-as-a-product is already moving to banking-as-a-service and will have to further move to banking-as-a-lifestyle, where it gets totally subsumed in the customer experience cycle.
Banking is moving from the physical branches to applications and responsive secure sites and customers are demanding more control, better engagement, and anytime anywhere availability.