ASP Internet Billing Alliance with edocs

Parity Group PLC 7 March 2000 Parity announces ASP internet billing alliance with edocs Agreement with leading US e-billing software provider marks Parity's second entry into fast-growing ASP market Parity Group plc, the e-business and software services group, today announces that it will offer an on-line billing solution using BillDirect software from edocs, a leading US provider of internet billing and customer management software. The e-billing solution, which will be offered by the Group's Parity Solutions subsidiary, will be available both as an in-house model and as a hosted, web-based Application Service Provider ('ASP') model. The service will initially target the utilities sector, where Parity is particularly strong, and later it is intended to expand into the telecommunications, insurance, credit card and retail markets. Industry analysts predict that over 70% of the UK's largest billers will have implemented e-billing solutions within 5 years. Using the service, companies will be able to deliver personalised, interactive bills, statements and other account transaction data to their customers anytime, anywhere via the internet. As well as dramatically lowering the costs of sending invoices and statements, BillDirect also reduces the costs of customer care by encouraging customer self-service and self-provisioning. It also provides companies with an opportunity to increase revenues through cross-selling opportunities. Commenting on the alliance, Philip Swinstead, Executive Chairman of Parity Group plc, said, 'This is our second ASP initiative in the last month, following the agreement with Infobank on e-procurement. As the market is aware, Parity has been repositioning itself as a real end-to-end e-business services company. A key element in this evolution has been the development of ASP services and we are delighted to announce this new alliance on internet billing systems'. Keith Jennings, Managing Director, Parity Solutions, added, 'We chose edocs because, in addition to its recent establishment of a European presence, it represents the best e-billing product suite on the market today. We believe that BillDirect satisfies the need for an open, scalable and easy-to-deploy software suite that has the flexibility and functionality to enable us to offer a one-stop-shop for internet billing. BillDirect offers a secure e- billing capability to match even the most complex and demanding situations'. Jeff Barnett, Director of International Operations for edocs said, 'Parity is rapidly emerging as a premier e-business services company in the UK. We believe that edocs' BillDirect offered through Parity's ASP model combines for a powerful offering for companies that want to increase revenues and save costs by leveraging the internet for the billing and statement processes'. For further information, contact: Parity Group plc Philip Swinstead, Executive Chairman Telephone: 0207 776 0800 Keith Jennings, Managing Director Financial Dynamics Telephone: 0207 831 3113 Giles Sanderson/Jon Earl Note to Editors: Parity Solutions is part of Parity Group plc, the e-business and software services group with over 40 offices in the UK, mainland Europe and the USA. The Group is a FTSE 350 company listed on the London Stock Exchange. In the last year Parity Solutions has become a leading supplier of e-business solutions, a position reinforced recently with the acquisitions of Interactive Developments, TMS and Comtec. edocs is a leading provider of Internet billing and customer management software and services that maximise customer relationships by enabling web- based billing, customer self service, targeted marketing and secure content distribution. edocs' products are used by some of the world's largest providers of consumer credit, including American Express, General Electric Card Services and Boston Edison.
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