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iFOUNDRY | Pricing and Calculations Management System is powerful Rating & Dynamic Pricing infrastructure that enables enterprises deliver individualized pricing for each transactional situation. By leveraging this infrastructure, enterprises can accurately and consistently price tens of thousands of transactional requests every second.

Key Features

• Highly flexible and scalable transactional engine for rating and pricing various kinds of transactional line items like products & options, packages & bundles, metered resource usage, fees, surcharges & taxes; based on pre-defined pricing plans (and agreements). This also supports dynamic transactional discounting & fee rebate rules based on product-bundles, customer relationship scores & models.
• Unrestricted flexibility in supporting multi dimensional rating and pricing wherein variants for a rate or pricing calculation or rule can be tailored for different transactional dimensions; for example – Marketing program & package, Segment, Agreement, Region, Group-Client, Affinity-Partner, Risk tier, etc.
• Calculate prices based on unit, flat and percentage based rates; with support for multiple units of measure. Support various kinds of pricing methods like single & double quantity breaks, step functions, user-defined, etc.
• Seamlessly access information about products, market aligned bundles & packages; so as to support their rating and pricing. This information can be rapidly synchronized from product master tables; or rapidly defined and maintained from an easy-to-use GUI environment if such master tables are unavailable.
• Business analysts can leverage a GUI Workbench to collaboratively author and test definitions and logic relating to Rating & Dynamic Pricing without depending on software programmers.
• Strong governance controls and workflows around change and release management wherein any changes to Rating & Dynamic Pricing definitions and logic, goes through a pre-configured series of approval steps before being authorized for release. Complete audit trails are also available on the history of change.
• Rating & Dynamic Pricing capabilities can be seamlessly accessed via standardized interfaces by different systems, in areas like Quoting, CRM, Order Management, Billing, Deal negotiations, Account administration, etc. The output of Rating & Dynamic Pricing i.e. Line Item Level Prices, Transactional Request Level Pricing, etc; can be exposed as web-services for consumption by these systems.

Benefits

• Upto 60% cost reductions in IT budgets for managing Rating & Dynamic Pricing capabilities.
• Enforce highly differentiated Rating and Dynamic Pricing from one transactional situation to another by efficiently automating sophisticated Pricing models.
• Launch changes (manage the define à test à approve lifecycle) to calculations and rules within minutes.
• Reduce translation gaps & delays associated with traditional business-IT handoffs of business specifications for Rating & Dynamic Pricing.
• Rapidly realize business value, with implementation cycles of 3 months or less.
• Ensure seamless reuse of Rating & Dynamic Pricing capabilities by existing enterprise systems and processes like Quoting, CRM, Order Management, Billing, Deal Negotiations, Account Administration, etc.