Page 32 - Banking Finance July 2017

INTERVIEW

“SunTec has a team comprising

of highly skilled individuals

working with innovative product

development models”

K Nanda Kumar

Founder, President & CEO

SunTec Business Solutions

Please tell us about your company? identification, segregation, application, reversals and con-
SunTec Business Solutions helps clients increase the lifetime solidation of charges.
value of their customer relationships through effective rev-
enue management and real-time customer experience or- What is your USP and what differentiates you
chestration. With a legacy of deployments in 58 countries, from your competitors?
SunTec is a trusted partner of the world's leading banks and SunTec's industry agnostic product suite Xelerate, caters to
digital and communication service providers. Headquartered 8 of the top 10 banks in India. The product is used by around
in India, we have our offices in USA, UK, Germany, UAE and 40 clients spread across 60 countries with around 300 mil-
Singapore. lion end customers.
SunTec has a team comprising of highly skilled individuals Xelerate helps our clients extract maximum value from ex-
working with innovative product development models. isting systems by easy integration and automation of the
One such product that SunTec is proud of is Xelerate, which manual business processes, Xelerate has been instrumental
is an incredibly stable, mature and flexible product suite, in driving down operational expenditure by more than 40%
benchmarked regularly for optimum performance. Xelerate for a top brokerage firm in the US and reducing the bill
continues to develop along with the market seamlessly in- generation lead time by close to 90% in one of the top glo-
tegrating with any ecosystem, making it one of the fastest bal banks.
products to implement. The highly configurable nature of Xelerate allows business
users to use the system intuitively through effective prod-
What services you are offering in India? uct management, thereby decreasing turn-around time for
SunTec, from an India stand-point, is working with top In- launching new products and price-plans. Using Xelerate, our
dian banks and helping them prepare ahead of the GST clients have brought down the complexity of creation and
rollout on 1st July. GST will no doubt impact banks and fi- launch of an offer. Xelerate also helps them to understand
nancial institutions across multiple dimensions. Under the their customers better thereby enabling them to create the
GST regime, the aspect of recognizing revenues, procure- perfect offer for their customers.
ments and credits would need to be revisited. SunTec,
Xelerate helps rationalize products across not only the or-
through its Xelerate for GST solution, will be a partner to
the bank in meeting the planned roll out this
year. This 'out-of-the-box' solution with pre- “ SunTec, from an India stand-point, is working with
set rules and definitions can be easily config-
ured and will offer centralized management top Indian banks and helping them prepare ahead
of information, simplified processes and easy of the GST rollout on 1st July
“

32 | 2017 | JULY | BANKING FINANCE

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