MetraTech Corp., the leading provider of Agreements-Based Billing™, commerce and settlement solutions, today announced that the Software and Information Industry Association (SIIA), the principal trade association for the software and digital content industries, recognized MetraTech’s MetraNet as the 2014 Best eCommerce & Billing Platform. Frost & Sullivan also recently recognized MetraTech with its Stratecast Global Technology Innovation in Complex Relationship Billing Award.
The only peer-reviewed awards program, SIIA CODiE Award winners represent the software and information industry’s best products, technologies and services created by or for media, publishers and information services providers. MetraNet met the e-commerce and billing platform category requirements because it’s specifically designed to support customized revenue collection such as subscription billing, single issue and content sales for media, publishers and information providers.
Stratecast | Frost & Sullivan recognizes that communications providers have evolved from offering network access to offering services from a complex ecosystem of content partners. This, along with an upswing in B2B services with unique contract-defined customer requirements, enabled MetraTech’s Agreements-Based Billing and Behavioral Billing™ approach to billing and settlement to stand out among peers.
“Very few suppliers can deliver the same level of billing and partner settlement options to customers as MetraTech,” said Karl Whitelock, director of global OSS/BSS strategy at Stratecast | Frost & Sullivan. “MetraTech will continue to grow as the global community realizes the capabilities that the company offers. While competitors will attempt to follow its lead, MetraTech’s technical innovations will be difficult to duplicate.”
MetraTech Chief Marketing Officer Esmeralda Swartz said,"Both the CODiE and the Stratecast | Frost & Sullivan awards validate that MetraTech’s MetraNet® platform is unique in supporting a range of models from subscriptions to usage-based models with complex B2B billing and partner settlement on a single platform. No other billing platform empowers businesses to monetize services the way they want and not be limited by what their billing platform can provide.”
For service providers, managing multiple B2B relationships with solution partners for services such as M2M, m-Commerce, cloud and digital services, and delivering a more personalized “sticky” experience for customers is critical. To manage these complex relationships, including settlement to a growing partner base, companies must adopt new business solutions to support an empowered quote-to-cash experience for customers and partners.
MetraTech’s enterprise-grade rating, pricing, invoicing and settlement platform enables organizations to manage all billing and settlement agreements based on the changing needs of the enterprise with the flexibility to support subscriptions, usage-based services, negotiated business-to-business agreements, multi-sided business models and cross-product discounting and bundling.