Recently named as one of “The Eight
Subscription Billing Solution Providers
That Matter Most” in The Forrester WaveTM: Subscription Billing Platforms, Q4 2015, goTransverse is a leading provider of one of the best cloud-based, agile monetization and subscription management platforms on the market today.
Their award-winning platform, TRACT®, is designed to address the business challenges companies face when rapidly deploying new products/services with sophisticated subscription and usage-based pricing scenarios at global scale. Customers of TRACT® accelerate top-line revenue growth and time-to-market, as well as gain visibility into revenue streams and drive operational savings. Billions of usage events are being monetized around the world each month with TRACT®.
Navint has chosen to partner with TRACT® because it is uniquely architected to support the next rise of wildly successful companies in emerging markets such as Internet of Things (IoT), Over-the-Top (OTT), Managed Services, Digital Media and any subscription or pay-as-you-consume model. Supporting combinations of one-time, recurring/subscription, and usage-based offerings with near real-time metering, rating and native revenue recognition on a billing period or daily basis will become table stakes for the new subscription economy.
An advantage of TRACT®is that it easily allows for expanded functionality without the need to rip-and-replace by sitting within a company’s existing technology stack. It’s vendor-agnostic approach and extensive library of APIs future-proofs the business for innovative new ways to launch products into market. Based on our years of experience in helping businesses align people, processes and technology for optimal efficiencies, we know the platform-agnostic approach is one of the most important competitive differentiators in subscription services technology.
Along with it’s foundational functionality of billing and receivables, order-to-cash management, revenue recognition, and reporting and analytics, TRACT®also boasts the following:
- Internet-scale, purpose-built usage processing engine: parses and processes events intelligently, only passing those that require action for the most efficient use of infrastructure and bandwidth
- Sophisticated product catalog: robust functionality prevents product proliferation by eliminating the need to create new and unique products in the billing system for each variation of the offering (i.e. billing schedule, payment type, etc.)
- Multi-element device identifiers: ensures the correct devices are mapped to the appropriate service offers/usage types/protocols as well as support bulk device ID uploads tied to a particular service
TRACT’s Decisioning and Action Framework establishes “smart triggers” between devices, servers, customer care and maintenance teams, etc. when certain events occur, delivering the level of automation that is what the promise of connected devices is all about.
For example, if a device sensor exceeded its operating temperature limit 56 times in one day, then TRACT can programmatically open a trouble ticket or initiate an event on the device, depending on the customer’s business rule
Quote to Cash is Dead.