SIIA recently welcomed Transverse, a SaaS billing platform provider. I had a chance to speak with their Co-Founder, President, & CEO, James Messer. James is an 18 year veteran of the telecommunications and IT industries and I asked him about Transverse’s position in the marketplace.
Rhianna: Welcome to SIIA! Tell me a little about Transverse and what makes your billing platform unique.
James: For businesses looking to increase revenue or roll-out new business models, TRACT billing from Transverse is the only all-in-one activity-based billing platform that can meter/rate and bill based on customer behavior. Unlike basic subscription or expensive legacy billing systems, TRACT provides a simple solution to complex billing challenges and enables companies to engage with customers.
Rhianna: Tell me more about activity-based billing, what are the advantages?
James: Consumers are using monthly services to download songs, stream movies or view a digital news article, but most would prefer to only pay for what they use and that’s where subscriptions are limiting. Businesses can provide a more personalized experience for consumers while creating new revenue streams by charging on an activity basis instead.
Rhianna: You talk about this evolution of billing, how it has gone from Billing 1.0 to Billing 3.0. What do you mean when you refer to Billing 3.0?
James: Billing 3.0 means billing is a valuable tool that extends beyond finance department. By capturing revenue in an accurate, timely fashion using activity-based billing, other groups (such as the marketing department), can use the resulting analytics to identify and respond to emerging customer trends faster than competitors. With Billing 3.0, billing becomes a powerful enabler of product innovation and rapid introduction.
Rhianna: I noticed you have a number of partners, payment and technology partners. How important are these partners to the Transverse go-to-market strategy?
James: Partners are a key ingredient to helping our customers succeed. These include active payment partners, such as PayPal, Chase Paymentech, CyberSource, Authorize.net, and First Data. Additionally, we partner closely with technology companies like SugarCRM, Pervasive, OpSource, Rackspace Hosting, and OneLogin to enable seamless integration and ease of use.
Rhianna Collier is VP for the Software Division at SIIA.