Redi2 Technologies, a provider of fee billing applications for the global financial services industry, announced revenues for 2008, driven in part by its Software as a Service (SaaS) fee billing offering. SaaS gives clients secure online access to Redi2’s fee billing software to build profitability while avoiding the costs and complexity of in-house technology management.
In January 2008, Redi2 became the first company to announce an outsourced fee billing tecnology. Since then, winning more SaaS customers than any other fee billing vendor and consistently delivering even the most complex implementations on time and within budget have fueled the strongest growth in Redi2’s history. Redi2’s 2008 revenues and client base increased 50% over 2007 figures. To accommodate its expansion, Redi2 opened a new office in Boston in early 2008.
“We continue to gain momentum as the industry seeks better ways to process fees accurately and more cost-efficiently,” says Seth Johnson, CEO of Redi2 and co-chair of Money Management Institute’s Billing Standards Sub-committee. “Additionally, customers know they can rely on our unsurpassed service levels and expertise in fee billing automation.”
Available as either installed software or via the SaaS delivery model, Redi2 Revenue Manager automates account setup and termination, invoice generation, fee/payment reconciliation as well as adjustments and reversals. Redi2 Revenue Manager helps global financial services firms streamline operations, improve cash flow, reduce costs, enhance client service and meet compliance obligations.
D.C.