SunTec
Encyclopedia
SunTec Business Solutions is a software product
company
that specialises in relationship based pricing
and centralised billing
. Through its flagship product suite TBMS (Transaction Business Management System), SunTec has become one of the leading vendors of transaction billing
solutions for industries such as CME, BFSI
, Fleet Management
and Operational Leasing
, Port Operations
and Utilities. Analysts have identified SunTec as the global leader in relationship based pricing solutions, and among the fastest growing companies in Asia Pacific. In 2004, SunTec became the world's first CMM Level 5
billing company.
K. Nanda Kumar is the founder
, president
and CEO of SunTec. The company is headquartered in Thiruvananthapuram
and has sales/support offices in Bangalore
, New Jersey
, London
, Bad Kreuznach
, Sharjah
, and Singapore
. The company has more than 250 installations worldwide.
and ISMS standards SunTec is assessed at:
Communications, Media and Entertainment
Fleet Management and Operational leasing
Port Operations
Following are some of such campaigns initiated by the company:
Product (business)
In general, the product is defined as a "thing produced by labor or effort" or the "result of an act or a process", and stems from the verb produce, from the Latin prōdūce ' lead or bring forth'. Since 1575, the word "product" has referred to anything produced...
company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
that specialises in relationship based pricing
Relationship based pricing
Relationship Based Pricing is a new concept that is emerging in the banking industry. RBP is essentially a pricing and billing framework that helps banks cut through their product silos and enable customer centric pricing...
and centralised billing
Bill (payment)
A bill or invoice is a document requesting payment for an order previously supplied. Presentation of a bill is common practice on the part of credit card companies, utilities, and other service providers...
. Through its flagship product suite TBMS (Transaction Business Management System), SunTec has become one of the leading vendors of transaction billing
Bill (payment)
A bill or invoice is a document requesting payment for an order previously supplied. Presentation of a bill is common practice on the part of credit card companies, utilities, and other service providers...
solutions for industries such as CME, BFSI
BFSI
Banking, Financial Services and Insurance is an industry term of art for companies that provide a range of such products/services....
, Fleet Management
Fleet management
Fleet management is the management of a company's vehicle fleet.Fleet management includes commercial motor vehicles such as cars, vans and trucks. Fleet management can include a range of functions, such as vehicle financing, vehicle maintenance, vehicle telematics , driver management, speed...
and Operational Leasing
Vehicle leasing
Vehicle leasing is the leasing a motor vehicle for a fixed period of time. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a highly cost-effective method of acquiring vehicles for business, without the usually needed cash outlay...
, Port Operations
Port management
Port management is the management of ports.According to a course syllabus at the United Nations University:-See also:*Port security*channel *ships*lighter *tugboat*berth*anchorage*cargo*containers*warehouse*customs...
and Utilities. Analysts have identified SunTec as the global leader in relationship based pricing solutions, and among the fastest growing companies in Asia Pacific. In 2004, SunTec became the world's first CMM Level 5
Capability Maturity Model
The Capability Maturity Model is a development model that was created after study of data collected from organizations that contracted with the U.S. Department of Defense, who funded the research. This model became the foundation from which CMU created the Software Engineering Institute...
billing company.
K. Nanda Kumar is the founder
Entrepreneur
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...
, president
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
and CEO of SunTec. The company is headquartered in Thiruvananthapuram
Thiruvananthapuram
Thiruvananthapuram , formerly known as Trivandrum, is the capital of the Indian state of Kerala and the headquarters of the Thiruvananthapuram District. It is located on the west coast of India near the extreme south of the mainland...
and has sales/support offices in Bangalore
Bangalore
Bengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
, New Jersey
Princeton, New Jersey
Princeton is a community located in Mercer County, New Jersey, United States. It is best known as the location of Princeton University, which has been sited in the community since 1756...
, London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, Bad Kreuznach
Bad Kreuznach
Bad Kreuznach is the capital of the district of Bad Kreuznach, Rhineland-Palatinate, Germany. It is located on the Nahe river, a tributary of the Rhine...
, Sharjah
Sharjah (city)
Sharjah is the third largest and most populous city in the United Arab Emirates. It is located along the southern coast of the Persian Gulf on the Arabian Peninsula.Sharjah is the seat of government of the emirate of Sharjah...
, and Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
. The company has more than 250 installations worldwide.
Timeline
- 1990: Founded the company
- 1990: Launches the first product C-TRA
- 1995: Launches the second product TBMS
- 1996: First international installation (Malaysia)
- 1998: First European installation (NetherlandsNetherlandsThe Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
) - 2001: Launches web-enabled version of TBMS
- 2002: Entry to BFSIBFSIBanking, Financial Services and Insurance is an industry term of art for companies that provide a range of such products/services....
and Utilities industries - 2004: Assessed at SEI CMM Level 5
- 2005: Launches TBMS-F and TBMS-T
- 2006: Launches TBMS version 4
- 2007: Launches TBMS-F Price Modeler
- 2008: Launches TBMS-F Relationship Loyalty
- 2008: Entry to Fleet Management and Operational Leasing industry
Process improvement and ISMS standards
Following are the process improvementProcess improvement
In organizational development , process improvement is a series of actions taken by a process owner to identify, analyze and improve existing business processes within an organization to meet new goals and objectives. These actions often follow a specific methodology or strategy to create...
and ISMS standards SunTec is assessed at:
- CMM Level 5Capability Maturity ModelThe Capability Maturity Model is a development model that was created after study of data collected from organizations that contracted with the U.S. Department of Defense, who funded the research. This model became the foundation from which CMU created the Software Engineering Institute...
- ISO 27001:2005ISO/IEC 27001ISO/IEC 27001, part of the growing ISO/IEC 27000 family of standards, is an Information Security Management System standard published in October 2005 by the International Organization for Standardization and the International Electrotechnical Commission...
- TWIST BSBBank Services Billing StandardLarge multinational corporations want to streamline their banking practices. In order to do this, they need all of their bank billing electronically, and in a common format....
Marquee Client List
Banking, Financial Services and Insurance- Axis BankAxis BankAxis Bank Limited, formerly UTI Bank, is a financial services firm that had begun operations in 1994, after the Government of India allowed new private banks to be established...
- DBS BankDBS BankDBS Bank Ltd is a bank incorporated in Singapore. It was previously known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank....
- HSBC Group
- ICICI BankICICI BankICICI Bank Ltd. is India's second largest financial services company headquartered in Mumbai, India. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of...
- ING Bank
- Lloyds Banking GroupLloyds Banking GroupLloyds Banking Group plc is a major British financial institution, formed through the acquisition of HBOS by Lloyds TSB in 2009. As at February 2010, HM Treasury held a 41% shareholding through UK Financial Investments Limited . The Group headquarters is located at 25 Gresham Street in London, with...
- NordeaNordeaNordea Bank AB is a Stockholm-based financial services group operating in Northern Europe. The bank is the result of the successive mergers and acquisitions of the Swedish, Finnish, Danish and Norwegian banks of Nordbanken, Merita Bank, Unibank and Kreditkassen that took place between 1997 and 2000...
Communications, Media and Entertainment
- @Home@Home@Home may refer to:* HotSpot_@Home, a service in the United States provided by T-Mobile. * @Home Network, Defunct: The largest premier former Cable Broadband provider...
- Bakrie Telecom
- Bahrain Telecom - BatelcoBatelcoBahrain Telecommunications Company - - is the principal telecommunications company of Bahrain. The company is headquartered in Bahrain and is listed on the Bahrain Stock Exchange.-Ownership:...
- BSNL
- Cable OneCable OneCable ONE is a United States cable service provider and subsidiary of The Washington Post Company, functioning as its own self-contained corporation within its parent company. The company's name and current focus dates back to 1997; prior to that time the company was known as Post-Newsweek Cable...
- ComcastComcastComcast Corporation is the largest cable operator, home Internet service provider, and fourth largest home telephone service provider in the United States, providing cable television, broadband Internet, and telephone service to both residential and commercial customers in 39 states and the...
- HFCL Infotel Ltd (HITL)
- KPNKPNKPN is a Dutch landline and mobile telecommunications company, including both 2G and 3G mobile operations...
- MTNL
- MyWay IPTV - Smart Digivision Pvt Ltd
- Uninet
Fleet Management and Operational leasing
- ArvalArvalArval may refer to:*The Arval Brethren, a body of priests in ancient Rome*Arvals, a funeral dinner; also a cake served at such feasts, a United States Navy patrol vessel in commission from 1917 to 1919...
(BNP ParibasBNP ParibasBNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
Group)
Port Operations
- DP World
Awards and recognitions
- Winner, Red HerringRed Herring (magazine)Red Herring was a technology business magazine, which flourished during the dot com boom, with global distribution and bureaus in Bangalore, Beijing, and Paris. It also sponsored conferences designed to bring venture capitalists, entrepreneurs, and technologists together. But the magazine went into...
100 Global 2009 - Winner, Red HerringRed Herring (magazine)Red Herring was a technology business magazine, which flourished during the dot com boom, with global distribution and bureaus in Bangalore, Beijing, and Paris. It also sponsored conferences designed to bring venture capitalists, entrepreneurs, and technologists together. But the magazine went into...
100 Asia 2009 - One of the 21 Most Interesting Independent Software Vendors (ISV) in India 2007 & 2008
- One of the NASSCOMNASSCOMThe National Association of Software and Services Companies of IT software and services related activities for use of both the software developers as well as interested companies overseas....
100 IT Innovators 2007 - One of the NASSCOMNASSCOMThe National Association of Software and Services Companies of IT software and services related activities for use of both the software developers as well as interested companies overseas....
100 IT Innovators 2006 - One of the Deloitte Technology Fast 50 India Program 2006
- One of the Deloitte Technology Fast 50 India Program 2005
- One of the Deloitte Technology Fast 500 Asia Pacific Program 2006
- One of the Deloitte Technology Fast 500 Asia Pacific Program 2005
- Finalist, Red HerringRed Herring (magazine)Red Herring was a technology business magazine, which flourished during the dot com boom, with global distribution and bureaus in Bangalore, Beijing, and Paris. It also sponsored conferences designed to bring venture capitalists, entrepreneurs, and technologists together. But the magazine went into...
100 Asia 2006 - Finalist, Operational Excellence, Billing & OSS World Excellence Award 2006
- Finalist, Most Innovative Billing Software Product, IIR Billing Awards 2005
- World's First CMM Level 5Capability Maturity ModelThe Capability Maturity Model is a development model that was created after study of data collected from organizations that contracted with the U.S. Department of Defense, who funded the research. This model became the foundation from which CMU created the Software Engineering Institute...
Billing Company, 2004 - Company to Watch, Billing Systems, London 2002
Corporate social responsibility
SunTec has an active in-house club named SNEHA that focuses on organising various activities for the betterment of the society. SunTec also maintains its own charity fund.Following are some of such campaigns initiated by the company:
- Mass run in association with National Institute of Speech and Hearing (NISH) to spread awareness about the need to empower differently-abled children. - March 2008
- Special awareness programs as part of World Environment Day Observation - June 2008
- Proving medicines to the children of the paediatric ward of Regional Cancer Centre, Thiruvananthapuram - Recurring activity
- Providing furniture and other infrastructure to the General Hospital, Thiruvananthapuram - Recurring activity
- Providing study materials and toys to the children of NGOs - December 2008, Recurring activity
See also
- Relationship based pricingRelationship based pricingRelationship Based Pricing is a new concept that is emerging in the banking industry. RBP is essentially a pricing and billing framework that helps banks cut through their product silos and enable customer centric pricing...
- Telecommunications billingTelecommunications billingTelecommunications billing is the process of adding together rated calls or services for a certain user or group of users, applying discounts and preparing the data for invoicing.Billing is also the name for the entire process of creating an invoice...
- BFSIBFSIBanking, Financial Services and Insurance is an industry term of art for companies that provide a range of such products/services....
- Utilities
- Fleet ManagementFleet ManagementThe City of Chicago’s Department of Fleet Management was established by Mayor Richard M. Daley in 1991 and codified in Section 2-38 of the Chicago Municipal Code. Prior to that time, fleet management functions were carried out by individual departments...