What is bundled pricing in SAP CA-FS-PO - Price Optimization for Banking?

SAP Term: bundled pricing

• Component: CA-FS-PO

• Component Name: Price Optimization for Banking

• Description: The optimization of groups of pricing segments across different hierarchies, products, and product types.

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• Key Concepts: 
  Bundled pricing is a pricing strategy used by banks to offer customers a package of services at a discounted rate. This strategy is used to increase customer loyalty and encourage customers to purchase more services from the bank. With SAP’s CA-FS-PO Price Optimization for Banking, banks can easily create and manage bundled pricing packages that are tailored to their customers’ needs. 
  
  How to use it: 
  SAP’s CA-FS-PO Price Optimization for Banking allows banks to easily create and manage bundled pricing packages. Banks can define the services that are included in the package, set the price of the package, and determine how long the package will be available. Banks can also use the software to track customer purchases and analyze customer behavior in order to better understand their customers’ needs and preferences. 
  
  Tips & Tricks: 
  When creating bundled pricing packages, it is important to consider the needs of your customers. Make sure that the services you include in the package are relevant to your customers and that the price of the package is competitive. Additionally, it is important to keep track of customer purchases and analyze customer behavior in order to better understand their needs and preferences. 
  
  Related Information: 
  SAP’s CA-FS-PO Price Optimization for Banking is part of SAP’s Financial Services suite of products. Other products in this suite include SAP Cash Management, SAP Credit Risk Management, and SAP Treasury Management. These products can be used together to provide banks with a comprehensive solution for managing their financial operations.