Account analysis statements are critical tools for corporate clients as they provide a summary of the usage and cost of all treasury services for each account. Many banks struggle to deliver error-free account analysis due to the number of product lines represented. Integration with multiple legacy systems often results in erroneous volumes and prices leading to customer frustration and loss of trust.
This regional American bank is one of the 10 largest banks in the country, and they needed a robust and dynamic relationship-based pricing and billing system for their corporate and small business clients and further eliminate the challenges of a legacy infrastructure that isn’t capable of being data-driven, personalization, and are inflexible.
With SunTec Xelerate, the bank was able to:
- Plug more than USD 10 million in revenue leakage.
- Add up to USD 500,000 annually with pricing flexibility.
- Increased revenue by USD 200,000 by applying tiered pricing to just one service.
