SunTec indicators Colombia’s largest financial institution for its Xelerate pricing & billing system

SunTec Enterprise Options, a relationship-based pricing and billing software program specialist, has landed Colombia’s largest financial institution, Bancolombia, as a taker of its flagship providing, Xelerate.

The seller says it has partnered with TCS “for a first-of-its-kind deployment in Latam” – to implement Xelerate on a Software program-as-a-Service (SaaS) foundation for enterprise-wide pricing resolution for Bancolombia. It will likely be hosted on an AWS public cloud and will probably be deployed in a phased strategy.

“Pricing is a strategic initiative throughout the financial institution. In these disruptive occasions we have been searching for a complete customer-centric pricing resolution to retain our quickly rising buyer base,” says María Cristina Arrastía Uribe, enterprise VP at Bancolombia.

Along with its dwelling market, the place it has the most important share by property, the financial institution can be energetic in Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, and Guatemala.

In response to SunTec, it was chosen by Bancolombia “after an intensive analysis”. The corporate’s founder and CEO, Nanda Kumar Ok, describes the deal as “a major victory for us as it should strengthen our enlargement within the Latam market”.

SunTec has presence within the US, UK, Germany, UAE, Singapore, Canada, Australia and India. In response to the seller, Xelerate has over 130 prospects throughout 45+ international locations.