Monexa charts the course in subscription billing with new product features

Expansions to Monexa's subscription billing capabilities enhance monetization for business

VANCOUVER, Oct. 21 /CNW/ - Monexa Solutions Inc. ("Monexa"), the leader in flexible subscription billing, announces new product features in its premier 'Monexa Billing' product.  Leading with PayPal® integration and following through with industry-leading advanced pricing modules and enhanced reseller support that make monetizing online services quick and easy. In production now, these releases further establish Monexa as the most advanced subscription billing and payment solution on the market.

"Our 2010 product releases make it easier for customers to run their businesses and focus on growth, rather than logistics," states John Jacobson, President and CEO of Monexa. "As the subscription commerce space continues to grow, we are consistently releasing updates to Monexa Billing that help our customers stay ahead of their competitors."

2010 enhanced feature highlights include:

1. PayPal Integration and support:

Monexa introduced PayPal as a Payment Method in addition to existing support for credit cards, electronic checks and other traditional payment methods. Monexa allows customers to use the Paypal gateway to process credit card payments whether the buyer is a Paypal member or not.

Why this is important? This feature is significant for Monexa Billing customers that don't have a traditional merchant account but need to process credit card payments. The Paypal gateway can also be very effective for billing international customers.

2. Increased flexibility for pricing options:

Monexa Billing price sheets are released as the subscription billing industry's most comprehensive way of managing different pricing models for the same service. This allows Monexa Billing business-to-business customers to handle negotiated pricing all the way down to the metered price of a service and target their service at different market segments by applying different pricing plans.

Why this is important?

Monexa allows customers to customize and adjust price offerings as required - they can price in multiple ways or at contrasting levels to match the needs of multiple markets, with ease. Most billing vendors require you to duplicate services in order to price them differently. This makes the product catalog difficult to manage for larger organizations and renders critical service performance reports useless.

3. Increased support for channel sales:

Monexa released the ability to automatically distribute and share product catalogs and pricing to resellers and across sales reporting regions.

Why this is important? This feature adds to Monexa's already strong support for managing white-labelled and reseller billing, making it easier for channel partners to sell and increasing the ability for Monexa customers to support their channel partners. It is particularly key for enterprise customers as it drastically reduces the need to manage product catalogs.

About Monexa

Monexa pioneered the on-demand subscription billing space and has worked with hundreds of businesses to help monetize their services. Having the most capable and open subscription billing solution in the cloud, combined with proven billing industry expertise, sets Monexa apart from other service providers. Monexa's customers range in size from high growth SaaS and Cloud Infrastructure companies like Untangle and ActiveState to large household name companies like Pitney Bowes Business Insight, AOL Canada, Sprint, Amway and Bell Mobility. For more information about Monexa Billing and the ways Monexa can help you monetize your services visit http://www.monexa.com.

Forward-Looking Statements  

This news release contains forward-looking statements. Actual events or results may differ materially from those described in the forward-looking statements due to a number of risks and uncertainties, including changes in financial and product market conditions. Forward-looking statements are based on management's estimates, beliefs, and opinions. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable law.  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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