As corporate banks struggle with a growing regulatory burden, rising stakes in managing conduct risk, and persistent revenue leakage, they need to find a way to increase transparency while growing closer to clients.
Zafin helps banks strategically manage their corporate accounts through their customer lifecycle, providing the ability to:
- Reduce ongoing operational costs resulting from changing product and pricing bundles
- Easily monitor client performance against policy or contractual obligations
- Comply with changing regulatory requirements around pricing and billing transparency
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Drive Revenue Growth
- Tailor pricing and product bundles to client groups and individual clients
- Reduce operating costs associated with changing product and pricing bundles
- Enhance revenue proactively by monitoring customer performance against contractual obligations
- Generate a single, consolidated invoice for all charges across multiple geographies, accounts, and services
- Easily comply with changing regulatory requirements using Zafin’s flexible technology framework
- Strengthen internal transparency through auditable and automated interactions and workflow approvals
Boost Operational Efficiency
- Increase the scale and accuracy of automatically collected revenues
- Integrate multiple upstream and downstream systems without replacing core systems
- Create and launch new products with reduced time-to-market
Enhance Customer Experience
- Provide customized contracts suited to customer needs
- Meet a variety of customer billing preferences
- Easily manage other individual customer needs on a tailored basis
Download your complimentary copy of the following resources related to improving customer lifecycle management for corporate banking.
- Pricing Excellence in Corporate Banking: This white paper outlines the opportunity for commercial banks to leverage existing compliance spending for pricing – a crucial, but often-neglected discipline.
- The Role of a Pricing Strategy in Establishing a True Pricing Discipline: In this article, corporate banking professionals can learn how to devise a strategy to achieve pricing excellence.
- Zafin Congratulates CIBC on Winning 2016 Celent Model Bank Award for Excellence in Cash Management and Trade Finance: Our press release highlights some key details of CIBC’s award-winning streamlined pricing initiative powered by Zafin’s revenue.