The Nomis Price Manager is designed to streamline a bank’s journey to customer-level pricing, while serving as a single source of truth from which all downstream systems can access current and historic pricing from. By managing and capturing all components of pricing strategy in one centralized system, banks can begin to build-out the next level of customer-centric pricing analytics based on rapid price feedback and performance monitoring.

Pricing Strategy Management

Nomis Price Manager allows business users to augment analytically-informed Price Lists to enhance their ability to support the overall operational and portfolio goals of the bank. It facilitates the management and execution of Price Lists, as well as transaction-specific pricing rules, on an ongoing basis, as pricing strategy evolve. Various capabilities are also provided to carry out test and learn strategies that educate decision-making.

NPM Centrally Manage Execute Optimized Customer Centric Pricing

Pricing Approval

Nomis Price Manager captures pricing decisions in a scalable, auditable system. Integrated approval workflows ensure that validated Pricing Plans, and their components, can be evaluated rapidly by qualified stakeholders across the bank. Once finalized, new Pricing Plans are synced with API endpoint configurations so the prices they dictate can be seamlessly accessed by downstream systems on an on-demand basis.

NPM Pricing Approval

Price Execution

An execution timeline of Pricing Plans, where each features its own unique set of inception and expiration dates, can be managed for each collection of products that are priced in the Nomis Price Manager. Each Pricing Plan’s prices, including rates, fees, and other pricing policies, such as cash back or incentives, can be calculated on a transactional basis and distributed across channel via the NPM API. These constructs enforce price consistency across channels, and allow banks to be nimbler in refining and deploying pricing strategies.

NPM Price Execution
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Key benefit (Organizational Impact; How our software creates results as related to desired outcomes)

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