Business
Monexa Receives Top Ratings in Saugatuck Study on 'Monetizing the Cloud'
Monexa Receives Top Ratings in Saugatuck Study on 'Monetizing the Cloud'
About this update from Santa Rosa Resources Corp.
[{"type":"text","content":"\n\n\n\nNov. 19, 2009 (Canada NewsWire Group) -- 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 successand sustainability in the Cloud.- Billing, administration and related marketing capabilities areessential in meeting the new operational challenges of a Software-as-a-Service (SaaS) business.- SaaS billing systems must also account for constant variationsthat occur much more frequently, and sometimes uniquely, in SaaSwhen compared with traditional on-premise software.\"Effective billing and payment solutions are essential in enablingmonetization, providing agility in competitive situations, managing thechannel and reducing operational costs.\" comments Saugatuck research VP MikeWest, 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 forlarger online services...