Making billing easy

With Zafin’s Billing Management, your bank can automatically track customer compliance against contractual obligations and deliver a detailed, consolidated bill or invoice that’s tailored to customer preferences.

With Billing Management, CIBC was able to centralized ten billing systems into one.

CIBC Business Banking

Benefits

  • Increase revenue by plugging revenue leakage from manual billing processes.

  • Reduce costs by automating manual processes and rationalizing multiple legacy billing systems.

  • Enhance client experience by delivering a detailed, consolidated invoice tailored to the client’s preferences.

  • Boost accountability and auditability through detailed invoices.

Consolidated, granular invoices and statements

Automate the creation of a single, consolidated, and detailed invoice or statement, available in multiple formats, while providing bank employees with detailed visibility into the status of the invoice throughout the invoice lifecycle.

Features

  • Client groups and hierarchies

    Provide a single view of the client-product hierarchy.

  • Approval workflow

    Configure an internal workflow to support invoice creation, review, amendment and approval.

  • Configure billing schedules

    Automate processes by setting up pre-configured billing cycle profiles at implementation, with the ability to change profiles at any time.

Learn more about how Zafin's solutions are used by some of the largest banks in the world.

Case Studies

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Find out how these specific roles in your bank can benefit from this solution.

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