Oracle Announces New Financial Services Revenue Management and Billing All Java Release With Analytics

SINGAPORE and LAS VEGAS, NV--(Marketwired - Oct 13, 2015) - SIBOS and BAI Retail Delivery -- Today's financial services companies and fintechs are challenged by increasing complexity in pricing, billing and invoicing, as well as more intricate & dynamic structures for pricing and evolving regulations. To help these organizations deliver better price execution, improve operations and meet revenue goals, Oracle (NYSE: ORCL) has announced Oracle Financial Services Revenue Management and Billing Analytics to deliver valuable insights into all areas of the business.

"We are very excited to deliver analytical capabilities that will help financial services companies maximize their revenues. Providing very detailed insights into the performance, that was accessible earlier, of what has typically been very disparate processes will assist our customers in making faster, smarter decisions that can ultimately impact overall business performance," said Ashwin Goyal, Group Vice President, Oracle Financial Services. "This new capability complements the hundreds of billions of dollars that the existing Oracle product currently prices and bills annually for more than 30 financial institutions across banks, insurers, payment providers, healthcare providers and fintechs."

"To address the transaction volume of the largest financial services institutions, Oracle recently benchmarked Oracle Financial Services Revenue Management and Billing to process over 1 billion transactions per day which is equal to four times the U.S. average daily debit and credit card transaction volumes," added Goyal.

The new version is written in Java and features key customer productivity enhancements including increased flexibility in dynamic parameters, value-based pricing, trial billing, tolerance reviews and Common Separated Values (CVS) document processing. Enhanced pricing features enable customers to incent their customer loyalty and effectively manage ever-changing interest rates. Trial billing enables customers to accelerate the monthly billing process and the use of business rules to define thresholds for automated and systematic monitoring of customer revenue variances as well as supports improved revenue management. Additionally, CVS document processing enables banks to upload documents and generate pricing and billing, giving banks choices as to how bills can be created.