Systemize the Financial Institution pricing process via an integrated, end-to-end product pricing and rating engine
Benefits
End-to-End Pricing with Advanced Analytics and Machine Learning
Earnix Price-it supports every stage of the pricing process, from modeling to pricing to rating engine style deployment, leveraging world-class data science, analytical modeling, and machine learning.
Speed Time to Market
Earnix Price-it enables Insurance and Banking institutions to identify the ideal price—fast—by rapidly predicting, simulating, and comparing the impacts and trade-offs of various pricing models. Earnix Price-it streamlines the process of bringing new products to online digital channels and sites by allowing financial institutions to deploy rates via rating engine capabilities - without the use of additional external systems.
Control and Governance
Earnix Price-it provides Insurance and Banking institutions complete governance and control over the entire process of pricing complex, risk-based financial products. By systemizing the pricing process, Earnix Price-it provides the traceability, transparency, and consistency organizations desire.
Features
Analytics Driven Pricing
From traditional statistical methods such as Generalized Linear Models to advanced predictive and prescriptive models such as Gradient Boosting Machines and Random Forest machine learning models – Earnix Price-it is the most analytically advanced product purpose-built for Insurance and Banking institutions.
Leverage Our Pricing and Industry Domain Expertise
Earnix has been consistently innovating for Banks and Insurers around the globe for over 18 years. The Earnix team can help you operationalize the enterprise pricing process and analytical methodologies in alignment with your specific business goals and needs.
Enterprise Wide Pricing Deployment
Earnix Price-it can be used across multiple lines of business and departments, allowing Insurance and Banking institutions to deploy new pricing and rating strategies to the market in a matter of days instead of months.
Real Time Pricing
Rates can be deployed to online channels – at high volumes and in real-time - without the use of external deployment systems. The rating engine capabilities of Earnix Price-it enable high deployment volumes with limited involvement from IT.
Governance and Control
Unlike homegrown pricing processes, which do not audit, log, or track changes, Earnix Price-it delivers the traceability, transparency, and consistency needed through the tracking of every decision and every decision-maker involved in the enterprise pricing process.
Adhere to Both Corporate and Local Regulations
Earnix Price-it enables adherence to both corporate pricing policies as well as local pricing regulations. Pricing changes are documented and can be monitored for performance as needed.
RESOURCES FOR GETTING STARTED
Earnix Price-it Brochure
Read more about how Earnix provides confidence and control over the enterprise-wide pricing process.
Earnix Price-it Detailed Brochure
Take a deeper look at the features and components of the Earnix Price-it product.
Earnix Integrated Machine Learning in Action
Read about how Insurers and Banks globally are leveraging the machine learning capabilities within the Earnix Price-it product.
Our Analytics Expertise In Your Hands
Once the Earnix Price-it implementation and training is complete, the power of the Earnix product pricing engine is in your hands. Being in control of your Earnix environment will ensure your peace-of-mind and ability to adjust strategies as business dictates. Unlike black-box analytical solutions, Earnix puts your data scientists and pricing managers in control of the parameters that drive pricing and product personalization goals, eliminating long-term reliance on external resources and consulting teams.
Better Together
Earnix Price-it is part of the Earnix 3D Personalization Suite™, which leverages personalization to increase customer satisfaction and loyalty while improving business results. Earnix Price-it works in combination with Earnix Personalize-it and Earnix Detect-it to offer the right product, at the right price, at the right time, while optimizing business results, maintaining governance and compliance, and improving the enterprise-wide, end-to-end product personalization and pricing process.
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