Overcome manual processes and gain the flexibility you need to better serve customers
Today’s corporate bank faces a slurry of challenges: pressure to comply with tightening regulations, the need to enhance profitability, and the ability to deliver customer-first products and services.
Zafin’s miRevenue for Corporate Banking solution will help you overcome manual processes to improve your ability to serve corporate clients.
How do corporate banks benefit?
Flexible and agile product management and pricing
Launch products faster and make pricing changes directly with little to no IT intervention
Improved focus on the customer for stronger client relationships
Develop stronger relationships with customers and offer more tailored pricing and billing options
Reduce revenue leakage and enhance revenue
Recoup between 3-12% of costs associated with manual processes and poor pricing governance
Revenue leakage for cash management
Revenue leakage can be a chronic killer of cash management businesses – especially if you don’t realize how pervasive it is. Zafin’s revenue leakage calculator can run the numbers for your bank.
For the most common scenarios, the calculator yields an approximate leakage range of three to 12 percent of existing revenues. In other words, a $1 billion cash management business with an experience in line with these averages could be leaking anywhere from $30 to $120 million every year.
Delivering results without replacing core systems
We know a bank’s core system performs several very important functions. This is why we’ve built our platform to sit alongside a bank’s core system and client-facing channels. With Zafin’s miRevenue for Corporate Banking solution, your bank is prepared to introduce and manage products that customers want, meet annual sales targets, and personalize banking relationships without impacting underlying systems.
Product Management: Transform product management processes with the ability to create products, define suitability and eligibility, and assemble product bundles quickly
Pricing: Create, simulate, and manage different pricing options and rates through a central and automated system, and offer more individualized pricing based on the customer relationship
Client Management: miRevenue provides corporate banks a 360-degree view of each customer in order to execute effective product and pricing strategies
Deal Management: Improve the management of customer proposals and agreements, and curate tailored offers based on key attributes such as profitability of a customer relationship
Billing: Automatically track customer compliance with contractual obligations and deliver detailed and consolidated billing tailored to customer preferences
Download your complimentary copy of the following resources related to improving your financial institution’s corporate banking business.
- Four arrows for your quiver: Building a successful cash management business: By packing these four key strategic arrows in their quiver, though, cash management businesses can position themselves to thrive through 2020 and beyond.
- Revenue leakage in cash management:Zafin recently undertook some research that revealed the most insidious characteristic of those pesky bucket holes: banks don’t often realize how numerous or big they actually are.
- 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.
Take the next step. Talk to Zafin today.
Start building stronger relationships with your clients like never before. Contact us to talk about our miRevenue solution for corporate banking.