Elastic Path Software, a provider of digital commerce technology and expertise for enterprises selling digital goods and content, unveiled a partnership with hosted billing provider Aria (News - Alert) Systems to deliver the functionality of Aria Subscription Billing Platform with the Elastic Path Digital Commerce Engine.
Aria Subscription Billing Platform provides an advanced subscription billing solution capable of managing the entire subscriber life cycle for all recurring revenue models as a company grows and expands its business.
Earlier in March, Aria Systems announced the latest release of its Subscription Billing Platform featuring a variety of new capabilities including local language and currency support in screen displays, currency displays, statements and settings. The Platform also includes the integration of new, regional payment gateways, including DIBS, among others.
Commenting on this partnership with Aria Systems, Harry Chemko, CEO of Elastic Path, said, "Elastic Path chose Aria Systems because of their enterprise-class subscription and billing management solution. We can offer our enterprise clients an industry-leading, full-featured subscription offering immediately.”
The integrated solution that combines the subscription billing and management solution from Aria Systems and the Digital Commerce Engine from Elastic Path provides enterprises with a new solution that helps them successfully monetize their subscription offers including offer management, order capture, service delivery, usage tracking, billing and reporting.
With rapid increase in the number of industries embracing recurring revenue business models, more businesses are recognizing it is not sufficient to limit their businesses to one-time transactions. As a result they are transforming products and building ongoing customers relationships that can be increasingly monetized over time in order to prosper in this new commerce world.
By integrating key ecommerce features such as differential pricing, bundles, promotions, and personalization with subscription billing and management, companies can maximize recurring revenues. The partnership between Aria Systems and Elastic Path provides all of these capabilities in a single solution for enterprise clients.
"For a truly successful subscription business model, companies need a billing engine that offers full monetization support and manages the entire customer lifecycle, as well as integrates advanced ecommerce functionality such as merchandising and offer management," said Tom Dibble, president and CEO of Aria Systems, in a statement.
"By combining the proven Aria Subscription Billing Platform with the flexible Elastic Path Digital Commerce Engine, clients will be able to easily and quickly respond to and leverage changing market trends," Dibble added.
Edited by Amanda Ciccatelli