INCENTIVES–CMS an advanced fees & charges management system

 INCENTIVES-CMS(Charges Management System) is a state-of-the-art fees and charges rating and billing solution that enables revenue stream modeling, management and forecasting based on advanced simulation and marginal analysis. The system includes multi-currency invoicing.

INCENTIVES-CMS enables flexible configuration of rating tables according to complex charging models. The system has powerful reporting features that can provide contrasting analysis between actual accumulated fees and charges results and the organizational business and revenue objectives.  INCENTIVES-CMS can be used for a range of customer types including internal business units as well as external corporate clients, consumers and business partners.

INCENTIVES-CMS includes:

• Per customer rating:  A rating engine for all fees and charges according to the rating tables and the related business policy (formula), that enables multi-level rating cycles in a multi-currency environment.
• Per customer charges and rating models: Flexibility to define per customer the rating model and the related fees and charges.
• A fully automated system with manual intervention capabilities.
• Open bi-directional interfaces.
• A complete audit trail.
• Customized output information for managers and analysts, using personalized dashboards, reporting and analytical tools.
• Performance tracking of all relevant financial objectives.
• Accurate billing cycles using self consistency cross checks. 
• Numerous rating models (flat fee, interest, tiered, volume, multi-layer, linear), as per agreements with consumers, corporate client or partners.
• Simulation and analysis (results versus objectives)
• Invoicing: The system is able toissue multi currency invoices in hard copy, fax, SWIFT message or electronicformat.

INCENTIVES-CMS key aspects

• Unifies information from disparate data sources into a single ratable stream.
• Allows for a wide range of flexible rating and billing models.
• Enables top-down planning to ensure that fees and charges revenue is aligned with corporate objectives.
• Provides management with a clear view of the revenue stream via the iFocus™ dashboard, a proprietary off-the-shelf analysis & simulation tool.
• Ensures complete security access control, data security and data safety.
• Ensures SOX readiness, financial controls and audit trails.

Who Can Benefit?

Finance: Various entities within a financial institution can benefit from the INCENTIVES-CMSsolution:

• Business Channel (i.e. Corporate Banking, Wealth etc.) Executives and Account Managers responsible for managing the services to the clients as well as forecasting and monitoring the service fees and transaction charges.
• Accounting and billing units (centralized or stand-alone) responsible for invoicing as well as for fees and charges collection.
• Corporate Accounting and Billing Analysts verifying Performance Results vs. Targets and forecasting its forthcoming stream of revenues trends, and marginal analysis based on CMS advanced simulation toolset.
• Business Operations e.g. payments that charge internal business units for processing payments based on agreed fees and charges and SLAs.
• International Business Units that charge external correspondent financial institutions for its services.

Telco: Any carrier, performing rating and billing for and to its customers or partners (content providers, resellers, Telco partners) including:

• Wire line
• Wireless
• ISP
• Cable Operator