Aria Systems Introduces Billing Platform Version 3.5 Featuring Enhanced Pricing, Fraud Prevention, and Contract Management Capabilities

Aria Systems, the industry standard and leading provider of on-demand billing and customer life cycle management solutions, announced the availability of the company's Billing and Customer Lifecycle Management Platform 3.5. This latest version of the company's "monetization platform" offers significantly enhanced flexibility in contract management capabilities while also offering more dynamic business-to-business (B2B) pricing functionality with built-in support for credit card security and fraud prevention.

Aria Billing and Customer Lifecycle Management Platform 3.5 features enhanced contract management functionality enabling SaaS and B2B clients to facilitate and track the end-to-end process of purchasing, provisioning, and activating end-user license agreements. And Aria System's billing platform now handles virtually any online purchase/checkout process and guarantees the safety and security of the transaction.

"On-demand, subscription business models have created the need for robust billing and customer management solutions that address greater security demands and can handle planes of pricing and contract complexities," said Ed Sullivan, CEO of Aria Systems. "For any B2B-focused company selling their services online, and especially SaaS providers, automated contract management and pricing functionality, housed within a highly secure process and environment, are essential enablers of long-term business growth."

Sullivan adds, "Overall, given the complexity that is implicit in a reliable on-demand billing and customer lifecycle management solution, more companies are choosing Aria because they trust us more than the alternative options. As this latest 3.5 release exemplifies, our customers benefit from our experience and our having worked through the critical nuances of the space."

Big Steps in Fraud prevention and Contract Management Capabilities for the SaaS Market

In 2007, online payment fraud exceeded $3.6 billion in North America alone. Aria System's Billing and Customer Lifecycle Management Platform 3.5 offers several enhancements to address fraud prevention such as an optional additional layer of security featuring third party authentication in accordance with programs such as MasterCard SecureCode and Verified by Visa.

As businesses increasingly sell more recurring subscriptions online, and as individual companies mature, the number of applicable pricing models in use can grow exponentially. Aria Systems' improved automated contract management functionality offers companies assurance that their billing and customer lifecycle management backbone can support their evolving business needs and related marketing requirements.

About Aria Systems

Aria Systems is the leading provider of subscription billing solutions and offers the only "monetization platform" encompassing the full spectrum of Billing and Customer Lifecycle Management services. The "monetization platform" offers clients the on-demand billing industry's most flexible tool for accelerating revenue capture, optimizing cash flow, and enabling actionable market intelligence while significantly reducing operating costs throughout each phase of the customer lifecycle. Acknowledged as the SaaS billing leader in terms of experience and execution, Aria manages and maintains more than 1 million accounts and has processed more than 1 billion transactions since it began operations in 2003. With Hummer Winblad and software billing icon Dave Labuda as investors, the company is based in Media, Pa. (metropolitan Philadelphia), with offices in the San Francisco bay area as well. For more information, visit www.ariasystems.com.

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