Germany’s Commerzbank AG deploys SunTec’s Pricing Solution

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Tvm: SunTec, the Trivandrum based global provider of Relationship-based Pricing and Enterprise Billing solutions, today announced that it was contracted by Commerzbank, a leading bank for private and corporate customers in Germany, to deploy a Pricing and Billing technology solution.

Under the terms of the contract, SunTec’s Relationship based Pricing & Billing Solution — Transaction Business Management System – Finance (TBMS-F) will enable Commerzbank to offer integrated billing services to its customers. SunTec’s solution will be deployed for invoicing customers in the ‘Financial Institution’ portfolio for ‘payment products & services’.
 
In a release, Nanda Kumar, President & CEO, SunTec Business Solutions, said, “SunTec’s solution will deliver a unified invoicing experience for Commerzbank’s customers and enable the bank to launch innovative products in a compressed time frame. The solution will enhance operational efficiency and transparency of the bank’s pricing processes in compliance with the regulatory requirements.”

Reinhard Furthmayr, Head – Financial Institutions (Products & Marketing), Commerzbank said, “SunTec’s Relationship based Pricing & Billing solution, TBMS-F, is an excellent choice for Commerzbank. With TBMS-F, we will be able to provide highly-flexible pricing schemes for payment products while the all-new, integrated single invoicing will allow for clearly laid out invoices, which our clients will come to love. At the same time, this will ensure a very short time-to-market for any new or upgraded products”.

SunTec is a leading global provider of Customer Relationship and Revenue Management (CR2M) solutions, enabling enterprises to maximize customer relationship profitability. Recipient of international awards like Red Herring Global 100 for innovation and Deloitte Technology Fastest 50 for accelerated growth, SunTec has a global presence operating in North America, Europe, Africa, Middle East and Asia Pacific.

Commerzbank is a leading bank for private and corporate customers in Germany. With the segments Private Customers, Mittelstandsbank, Corporates & Markets, Central & Eastern Europe as well as Asset Based Finance, the Bank offers its customers an attractive product portfolio, and is a strong partner for the export-oriented SME sector in Germany and worldwide.

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