Oracle Financial Services Revenue Management and Billing maximizes the efficiency of the billing process by providing a robust platform for calculating revenue and creating invoices for fee based services.
ORMB also optimizes favorable customer pricing with what-if analysis for negotiating rates. It includes a billing calculation engine that accepts information from processing systems such as Automated Clearing House (ACH) and other types of payment systems, and applies pricing methods and rules to create customer invoices as well as the associated financial transactions for your general ledger.
The Revenue Management and Billing platform provide open interfaces for accepting payment transactions from customers to create and inquire upon current customer balances. It supports flexible configuration of customer and product hierarchies to allow you to create invoices in accordance with your contract and pricing agreements.
ORMB: Banking Services
Revenue Management and Billing has Banking modules pre-loaded to add out-of-box-benefits for commercial banking and capital market enterprises. This enables corporate and retail banks to balance product-based and relationship-centric pricing driving these benefits:
ORMB: Insurance & Healthcare Services
Revenue Management and Billing has Insurance and Healthcare modules pre-loaded to add out-of-box-benefits for Healthcare Payers. These modules help Healthcare Payers to Capitalize on new Markets, Respond to Legislation, and Improve Operational Efficiency with these benefits:
ORMB: Payment Processing Services
Revenue Management and Billing has Payment and Merchant Service modules pre-loaded to add out-of-box-benefits for Payment Processors. These modules enable traditional payment processors, card schemes, merchant acquirers, and disruptors to process a high volume of transactions with these benefits:
If your Enterprise is considering Oracle Revenue Management and Billing and in need of Consulting (design), Implementation (build), Delivery (test), Deployment (training), or Managed Support (dev ops) Services please contact Contact BOSS Technologies TODAY.