Mar 16 , 2010

Pitney Bowes Business Insight selects Monexa as subscription billing provider for OnDemand Solutions

VANCOUVER--Monexa Technologies Corp., which provides flexible subscription billing, announced today that it has been selected by Pitney Bowes Business Insight to monetize the company's OnDemand solutions. Pitney Bowes Business Insight, a global leader in location and communication intelligence solutions, recognizes the importance of cloud computing in today's business and IT markets.

"Monexa's long history of providing subscription billing and monetization services for large corporate clients with complex needs made us an ideal fit for Pitney Bowes Business Insight's OnDemand solutions," said John Jacobson, President and CEO of Monexa. "Subscription billing and payments capability is essential to cloud computing, where software, data and computing capacity are sold on a metered utility-style basis."

"Monexa Billing offers the flexibility and depth to satisfy our global billing needs across all product lines and vertical market solutions," said Kurt Jackson, managing director, On Demand, Pitney Bowes Business Insight. "By centralizing the billing process, we can more efficiently provide services designed to meet our customers' most challenging business requirements."

Pitney Bowes Business Insight will use Monexa Billing to monetize its OnDemand offerings:

    -   Centralized Subscription Management - provides management of all
        customer accounts and subscribers in one location, tracking the plans
        and contract terms each has subscribed to.
    -   Product Catalog - Monexa Billing will be the central repository for
        Pitney Bowes Business Insight services and pricing plans. The
        company's highly metered services, with standard and negotiated
        pricing models, will all be housed in Monexa's product catalog.
    -   Billing Operations - usage-based services require billing automation
        to handle the complexities of rating usage and calculating payments
        that include draw down from usage deposits and cross-period metered
        rate plans.
    -   Payment Automation - Monexa Billing will plug into Pitney Bowes
        Business Insight's current enterprise payment gateway and provide
        additional value by automating payment exception handling.
    -   Enterprise integration - Monexa will plug into Pitney Bowes Business
        Insight's solution for enterprise account sales and
        integrate directly into the PBBI suite of on-demand products for
        automatated provisioning of newly purchased services.

In a recent Saugatuck Technology QuickTake, Monexa Billing was recognized as a leading cloud-based billing solution. Monexa offers a flexible on-demand subscription billing solution that provides a scalable environment for expediting the launch of products, services and applications online. This accelerates our customers' time to market and revenue return.




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