Financial Transmission Network Wins Best of SaaS Showplace Award
Software-as-a-Service, On-Demand Performance Management Solution Accelerates Development and Reduces Costs of Web Applications
Wellesley, Mass. - June 1, 2010 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Financial Transmission Network, Inc. (FTNI)has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards is an ongoing program which recognizes SaaS companies that are producing tangible business benefits for specific user organizations. These benefits can include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.
FTNI's SaaS ePayment platform offers extensive configuration options that make it ideally suited to a wide variety of industry verticals. FTNI's PCI compliant solution is uniquely designed to offer banks and merchants a solution that not only clears multiple payment types but also reflects that payment activity in the merchant's A/R system.
An example of the business benefits of FTNI's SaaS ePayment solution is Professional Veterinary Products, LLC (PVP). By implementing the company's SaaS Solution, PVP enjoys operational savings by automating the manual entry of payment information into its proprietary Accounts Receivable system.Now, when the payment is initiated for bank or credit card processing, it is associated with the proper outstanding invoices and then posted into PVP's core accounting system.Once payments are posted, a new invoice file is created and the process repeats itself the next day. Even more impressive are the savings generated by FTNI's ability to provide Level 2 and Level 3 credit card processing for B2B payments.Since FTNI's SaaS solution became operational, PVP estimates its first year operational and credit card processing costs will be reduced by nearly $130,000.
"We are pleased to be recognized by THINKstrategies and the SaaS Showplace for the business value of our SaaS solution," said Kurt Matis, CEO of FTNI. "This further reinforces the fact that the FTNI's SaaS platform can provide immediate savings to merchants, and provide our bank and software partners a cost-effective, turn-key payment platform that addresses all non-cash payments."
"Today's SaaS solutions are helping to automate and fundamentally transform legacy business processes," s
tated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace."FTNI's ePayment solution clearly illustrates this trend and the business value of this transformation process."
Based on the success of the BoSS Awards program which focuses on SaaS solutions, THINKstrategies has launched the Cloud Computing Business Value (CCBV) Awards program to recognize companies which are delivering Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) solutions producing measurable business benefits for their customers. For more information regarding the CCBV Awards, go to http://www.thinkstrategies.com/cloudcomputingawards.html.
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About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
Give enterprise decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
Give SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Give enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com.
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About THINKstrategies, Inc.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.
