Investec will receive smart pricing solutions for its mid-sized corporate clients, provided by SunTec.
Investec Bank has partnered with SunTec Business Solutions to streamline its billing processes and introduce intelligent automation, marking a significant milestone for both parties. This collaboration, aimed at mid-sized corporate clients, promises to modernize Investec's billing platform, offering smarter, more flexible, and efficient financial operations in a complex and dynamic commercial environment.
The partnership focuses on automating and upgrading Investec's pricing and billing processes. By leveraging AI and automation, the collaboration is set to deliver dynamic, smart pricing and billing solutions that optimize efficiency and accuracy in financial operations.
Key details and benefits of the partnership include:
- Smart Pricing Solutions: SunTec delivers tailored smart pricing capabilities that will allow Investec to offer more dynamic and flexible billing tailored to the specific needs of mid-sized corporate clients.
- Automation in Corporate Billing: The partnership automates billing processes to reduce manual intervention, cutting errors and speeding up the billing cycle.
- Improved Financial Planning Support: The initiative aligns with broader trends in finance automation, helping finance teams handle tariff uncertainty and enhance scenario planning and forecasting.
- Scalability and Modularity: The automation solutions are modular and scalable, allowing Investec and its clients to adapt the technology progressively to their operational requirements.
- Enhanced Operational Efficiency: By using AI-powered automation, Investec can streamline pricing strategies and billing execution, improving cash flow visibility and billing accuracy.
The partnership also aims to improve the efficiency of collections and charge recovery for Investec Bank. Dhiren Mansingh, Head of Business Transactional Banking at Investec, confirmed the collaboration. The initial phase of the partnership will focus on select use cases within the Payments and Collections business line, with the implementation being on-premise.
The four largest banks in the region are already powered by SunTec's work in the relationship-based pricing landscape, and this partnership further reinforces Investec's commitment to delivering smarter services and scalable growth capabilities. The collaboration is intended to enable dynamic, relationship-based pricing for Investec's business banking clients, laying the groundwork for scalable and customer-centric growth.
Investec Bank is advancing its pricing and billing capabilities to better meet evolving customer needs. The sophisticated pricing engine provided by SunTec will streamline Investec's billing processes, improving the delivery of value and the speed of collections. The SunTec Investec Bank partnership is a significant step in automated corporate billing and a continuation of Investec's efforts to strengthen its platform for business banking and mid-sized corporate clients.
[1] Amit Dua, President of SunTec Business Solutions, said the partnership signifies a milestone for SunTec. [2] Dhiren Mansingh, Head of Business Transactional Banking at Investec, confirms the collaboration.
- The partnership between Investec Bank and SunTec Business Solutions, as confirmed by Dhiren Mansingh, Head of Business Transactional Banking at Investec, is aimed at automating and upgrading Investec's billing processes, including collections and charge recovery, through the use of SunTec's advanced solutions.
- The collaboration between Investec Bank and SunTec Business Solutions, hailed by Amit Dua, President of SunTec Business Solutions, is significant as it will enhance Investec's finance operations, particularly its pricing and billing capabilities, by leveraging SunTec's technology in the finance and technology sectors.
