News Column

AlixPartners and Zafin Form Alliance Around Zafin's miRevenue Software Suite

February 13, 2014



By a News Reporter-Staff News Editor at Computer Weekly News -- Zafin, an award-winning provider of relationship banking software solutions to the financial services industry, and AlixPartners, the global business advisory firm, announced that they have formed an alliance to bring together AlixPartners' solutions in financial services related to customer pricing, profitability, technology and business intelligence with miRevenue, Zafin's Product and Pricing Lifecycle Management (PPLM) software solution.

In collaboration with Zafin, AlixPartners is also introducing its "Advanced Revenue Management" (ARM) offering to the financial services industry to assist banks, asset managers and wealth managers with the development and implementation of compelling customer-centric pricing, product bundling and billing solutions that seek to maximize customer profitability. AlixPartners' ARM offering will be powered by Zafin's miRevenue product.

"We are thrilled with this new alliance between Zafin and AlixPartners to support the further expansion of our Product and Pricing Lifecycle Management solution into leading financial services providers," said Al Karim Somji, CEO of Zafin. "We look forward to working with AlixPartners to enable clients to overcome the limitations of legacy systems to deliver the right products to the right customers at the right price."

Many financial institutions have long struggled with the ability to develop and operationalize highly granular customer segmentation programs and customized product and pricing bundles - even as consumers appear to have come to expect and demand this level of customization. Such data is typically difficult to access - inhibiting speed of analysis, while inflexible legacy core banking systems often limit the ability of banks to operationalize customer segmentation programs of any significant granularity, due to high costs and long development cycles.

With the ARM/miRevenue solution, financial institutions can now more easily pursue the delivery of innovative segment-based offerings to the marketplace, while avoiding the costly and time-consuming task of making major changes to core systems.

Keywords for this news article include: Zafin, Software, Finance and Investment, Investment and Finance.

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Source: Computer Weekly News


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