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Earnix to Offer Integrated Pricing Platform for Financial Services
Earnix Delivers End-to-End Pricing Management to Insurers and Banks, Helps to Improve Growth and Profitability
New York, NY – March 25, 2013 – Earnix, a leading provider of integrated pricing and customer analytics software and Gold-level member of Oracle Partner Network (OPN), today announced that it is working with Oracle Insurance and Oracle Banking Solutions to provide financial services companies with an integrated, end-to-end pricing management platform. This solution, which offers advanced analytics capabilities, enables insurers and banks to reach their business goals by improving efficiency, accuracy and time-to-market for the pricing process.
Earnix solutions – working with Oracle Insurance and Oracle Banking solutions – empower financial services companies to leverage advanced analytics, predictive modeling and decisioning tools to improve the alignment of their offers to each customer, helping drive higher profitability and growth in hyper-competitive markets.
The integrated pricing platform, boosted with advanced analytics, offers a number of benefits to insurers and banks, including the abilities to:
- Translate analysis into actionable offers for customers
- Offer each segment of customers the right price based on risk cost and business goals
- Institute a more collaborative and efficient pricing process
“Financial services companies face a challenge in bridging the gaps in the process between Ratemaking and Rating, leaving them with unfulfilled potential to grow and increase profitability in today’s market,” said Barak Melnik, VP Product and Business Development of Earnix. “The relationship between Earnix and Oracle offers significant value to insurers and banks by combining cutting-edge analytics with an operational system that serves the pricing process from end-to-end. We’re pleased to once again be working with Oracle to continue innovating solutions that address customer needs.”
The pricing platform furthers the ongoing relationship between Earnix and Oracle to provide valuable pricing and analytics solutions to the financial services industry. Earnix Insurance and Earnix Banking solutions are already integrated with Oracle Sales Cloud as part of the Oracle Cloud Marketplace, a global marketplace where partners can publish applications and customers can browse through and discover new solutions that extend Oracle Cloud SaaS applications to address their business needs.
Earnix Integrated Pricing and Customer Analytics software empowers financial services companies to predict customer demand and its impact on business performance, enabling alignment of product offerings with changing marketplace dynamics. Earnix combines risk and demand modeling with real-time connectivity to core operational systems, bringing the power of analytic-driven decisions to every customer interaction. Banks and insurers rely on Earnix solutions to improve deposit, loan, and insurance policy offerings. For more information visit www.earnix.com.
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