Aria Systems Introduces Aria Marketplace Suite, Enabling Providers of B2B and B2C Marketplaces to Generate Recurring Revenue from Subscription-Based Products and Services
Aria Systems, the leader in helping enterprises grow subscription and usage-based revenue, announced the launch of Aria Marketplace Suite, an extension to the Aria billing and monetization platform that enables B2B and B2C marketplace providers to streamline their digital marketplace operations. The suite builds on Aria’s best-of-breed billing platform by providing an easy onboarding experience for partners/suppliers, a comprehensive set of product and revenue management tools for marketplace operators, and a seamless billing and payments experience for end customers.
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“Creating the back office process to efficiently monetize subscription-based multi-partner marketplaces has typically been a custom solution, resulting in a learn-as-you-go project which is hard to modify, especially after the team who made it moves on”
With the continued acceleration of digital commerce and the growth of usage-based subscription services in both B2B and B2C businesses, many consumers and enterprises are looking for one-stop-shops to better manage their recurring digital services. Aria’s solution gives marketplace providers the tools they need to introduce and manage new subscription products and bundles for their end customers while providing transparency and frictionless channels for third-party service providers.
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“Creating the back office process to efficiently monetize subscription-based multi-partner marketplaces has typically been a custom solution, resulting in a learn-as-you-go project which is hard to modify, especially after the team who made it moves on,” said Mark Thomason, Research Director for Digital Business Models and Monetization at IDC. “Aria Marketplace Suite addresses this challenge and accelerates marketplace innovation by combining the critical partner management capabilities with the life-cycle management functionality required to sell and manage subscription services.”
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