Vindicia Named SIIA Business Technology CODiE Award Finalist for Best Subscription Management Solution
Apr 13, 2016
Vindicia Select earns prestigious industry recognition.
Redwood City, Calif., April 13, 2016 – Vindicia, a leader in enterprise-class subscription billing, today announced that Vindicia Select™ was named a finalist for the 2016 SIIA CODiE Awards in the Best Subscription Management Solution category. Finalists represent the information industry’s best products, technologies, and services in the software, content and business technology.
The SIIA CODiE Awards are the premier awards for the software and information industries, and have been recognizing product excellence for over 30 years. The awards offer 91 categories that are organized by industry focus of education technology and business technology.
Vindicia Select is a solution that works with any existing billing system to dramatically reduce the churn caused by failed payment transactions. By alleviating payment issues, Vindicia keeps consumers connected to the subscriptions they love and companies connected to the revenues they need. Installing and deploying Vindicia Select requires no modification to existing systems and requires little involvement from an IT team, initiating subscription and recurring revenue increases from the first day of operation. Vindicia Select complements—but doesn’t disrupt—existing billing workflows, resolving transaction issues automatically and preventing customer inconveniences.
Vindicia Select applies the insights derived from the wealth of data provided by its ART Advanced Retention Technology™ system to analyze failed transactions, diagnose the issue and fix the problem.
By utilizing this advanced analysis and resolution strategy, Vindicia Select can:
- Reduce involuntary churn by about 30 percent or more
- See revenue uplift of as much as 5 percent
- Increase customer lifetime value through improved retention
- Start increasing retention in days, not months
- Improve customer satisfaction by reducing service disruption
The SIIA CODiE Awards are the industry's only peer-reviewed awards program. The first round review of all nominees is conducted by software and business technology executives with considerable industry expertise, including members of the industry, analysts, media, bloggers, bankers and investors. The judges are responsible for selecting the CODiE Awards finalists. SIIA members then vote on the finalist products and the scores from both rounds are tabulated to select the winners. Winners will be announced during a virtual award ceremony on May 18.
Details about each finalist are listed at http://www.siia.net/codie/Finalists
About the SIIA CODiE™ Awards
The SIIA CODiE Awards is the only peer-reviewed program to showcase business and education technology’s finest products and services. Since 1986, thousands of products, services and solutions have been recognized for achieving excellence. For more information, visit siia.net/CODiE.
Vindicia brings enterprise-class innovation to consumer-facing subscription billing to help digital companies acquire and retain more customers by making payments seamless, secure and easy. Vindicia keeps customers connected to the subscriptions they love, and companies connected to the revenues they need. Vindicia has processed more than $21 billion globally and generates over $90 million in annual incremental revenue for clients. Clients include BBC, TransUnion Interactive, IAC, Vimeo, Allrecipes, FreedomPop and Texture. Vindicia was recently ranked the number one billing software solution on the market by Business-Software.com, and recognized as a “Top 100 Promising Tech Companies” by CIOReview magazine. For more information, visit: www.vindicia.com.