Why SAS and Amdocs

Dynamic Pricing and Profitability Management from SAS and Amdocs enables mutual economic benefits between a bank and its customers by leveraging a full, customer-focused product and pricing management approach. This allows the development of profitable bundles of products across lines of businesses that provide incentives for customers to use additional banking offerings. By pricing these bundles dynamically and transparently, the bank allows consumers to make choices about using offerings in ways that reward them – resulting in increased loyalty, wallet share and bank profitability.

This solution uses a common banking interface to provide analysis of the best product bundles and price based on profitability, segmentation, cross-sell and forecasting. Accessing both the Product Catalog and the Fee Manager from Amdocs, the solution maps key customer, product, price and transactional data to propose the most appropriate product bundles and offers dynamic pricing.

With Dynamic Pricing and Profitability Management from SAS and Amdocs, you can:

• Collect key product usage and fee information from core processing systems and integrate it with customer, channel and behavior information.
• Reduce data and application silos to achieve an enterprisewide view of customers.
• Analyze data for the best product bundling combinations.
• Build a Product Catalog that maintains suggested bundles based on customer behavior, segment, risk and usage.
• Dynamically price bundles based on usage with the Fee Manager.
• Monitor and optimize model performance based on success, response and usage.
• Execute profit-driven pricing and bundling.

The SAS and Amdocs Difference

End to end: SAS and Amdocs provide end-to-end, customer-focused product and price management capability from analytics through operational integration. Using the comprehensive and dynamic enterprisewide repository from SAS and Amdocs for ALL banking products and prices provides a bridge across product silos. This allows you to develop innova¬tive product offerings and bundles to target appropriate, profitable customer segments with lower integration costs. You receive an estimated 35 to 45 percent of the benefit of replacing core systems at 10 percent of the cost.

Time to value: Realize a quicker time to value by approaching product lifecycle management with a “quickstart” methodology focused on implementation and rollout. The componentized banking model allows you to implement incrementally instead of all at once. This means you don’t have to change legacy systems, thus lowering risk and quickly realizing benefits.

Performance: Able to handle large transaction volumes and maintain high performance, SAS is a proven solution leader – providing enterprisewide, scalable and cross-industry best practices on a world-class analytics platform tied to a world-class operational platform.