MetraTech Rated ‘Exceptional’ in Cloud Billing Solutions Study from Leading Analyst Firm Saugatuck Technology
Study Underscores Need for Advanced Billing Solutions to Monetize SaaS and Cloud Offerings
WALTHAM, Mass. and LONDON, December 1, 2009 – MetraTech Corp., the innovative charging, billing, settlement and customer care product provider, today announced that the company received the highest ratings in a recent report titled “Monetizing the Cloud: Assessing Billing and Payment Providers” by Saugatuck Technology, a leading analyst firm specializing in enterprise IT, including SaaS, Cloud Infrastructure, Open Source, and Enterprise Social Computing. The Saugatuck study examined eight leading billing systems available to Cloud and SaaS providers via both on- and off-premise delivery models. MetraTech was the only billing provider to receive the highest ranking of ‘exceptional’ in six categories of functionality crucial to successful billing for SaaS and Cloud services providers.
In addition to a review of the leading billing solutions vendors, the study examines important pricing and billing considerations for existing and emerging SaaS and Cloud service providers. It concludes that billing will be a crucial factor in meeting the new operational challenges of SaaS and Cloud businesses, stating that do-it-yourself solutions do not meet the requirements needed to properly monetize offerings in the cloud. The report contends that billing and payments solutions from companies such as MetraTech offer capabilities that homegrown solutions cannot match due to the inadequacies of in-house built metering and rating engines, which lack the ability to track, rate, invoice and monitor transactions in real-time – crucial to preventing revenue leakage.
“Cloud and SaaS are evolving business models with implications for new market entrants and existing participants alike,” said Scott Swartz, CEO, MetraTech. “Either way, monetizing any business in a rapidly changing environment requires an informed approach to the critical decisions of billing, settlement and customer care. We are pleased that Saugatuck’s extensive analysis of the options available in this area has identified MetraTech as an exceptional enabler for Cloud and SaaS providers.”
“Monetizing the Cloud: Assessing Billing and Payment Providers” is now available for purchase from Saugatuck Technology’s web site at http://www.saugatech.com.