VANCOUVER, Nov. 19 /CNW/ - On-demand billing experts Monexa have been rated among the top cloud billing and payment providers in the latest research study from Saugatuck Technology Inc. The study, titled "Monetizing the Cloud: Assessing Billing and Payment Providers", was released on November 5, 2009 via Saugatuck's website. It identifies subscription billing and payment solutions as a key ingredient for business success and sustainability in the cloud and assesses Monexa's role within the industry as exceptionally strong amongst competitors.
"The Saugatuck study findings completely align with our view that subscription billing is a key enabler of growth for any SaaS or cloud infrastructure company. Conventional order-entry, invoicing and accounts receivable systems were never intended to manage subscriptions. Subscription businesses that try to get by with them will find themselves at a competitive disadvantage." states John Jacobson, President and CEO of Monexa. "We are pleased that the results of the Saugatuck study demonstrate that Monexa is the most comprehensive of the cloud-based vendors."
The Saugatuck study profiles solutions from eight cloud billing solution providers, covering both on-premise and cloud-based solutions such as Monexa. The study's key insights include:
- Billing capability is an important ingredient in business success
and sustainability in the Cloud.
- Billing, administration and related marketing capabilities are
essential in meeting the new operational challenges of a Software-
as-a-Service (SaaS) business.
- SaaS billing systems must also account for constant variations
that occur much more frequently, and sometimes uniquely, in SaaS
when compared with traditional on-premise software.
"Effective billing and payment solutions are essential in enabling
monetization, providing agility in competitive situations, managing the
channel and reducing operational costs." comments Saugatuck research VP Mike
West, leader and author of the study.
The Saugatuck assessment of Monexa's functionality includes:
- Monexa gets the top rating of exceptional for systems integration,
customer and subscriber management, agreements, pricing, rating,
invoicing, tax, and partner and reseller management.
- Monexa is the most effective at solving recurring billing for
larger online services with reseller channels, including multi-
- Monexa's telco-grade solution is highly scalable, featuring an
integrated product catalog and a rating engine that supports
virtually all kinds of recurring service-billing models.
The complete Saugatuck study is available online at www.saugatech.com
Monexa pioneered the on-demand subscription billing space and over the past 11 years has worked with hundreds of businesses to help monetize their services. Monexa's monetization platform removes the barriers imposed by traditional systems and plugs directly into a client's finance, marketing and operations, enabling them to run their subscription business their way. Monexa operates out of Vancouver, B.C. and serves customers including AOL Canada, Sprint, Amway and Bell Mobility among others. For more information visit www.monexa.com.
About Saugatuck Technology
Saugatuck Technology Inc. provides subscription research and management consulting services focused on the key market trends and disruptive technologies driving change in enterprise IT, including SaaS, Cloud Infrastructure, Open Source and Enterprise Social Computing. Founded in 1999, Saugatuck is headquartered in Westport, Connecticut, with offices in Santa Clara, CA and in Frankfurt, Germany. For more information, please visit www.saugatech.com, or call 1.203.454.3900.
This news release contains forward-looking statements. Actual events or results may differ materially from those described in the forward-looking statements due to a number of risks and uncertainties, including changes in financial and product market conditions. Forward-looking statements are based on management's estimates, beliefs, and opinions. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable law.
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SOURCE MONEXA TECHNOLOGIES CORP.
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