New Release of CSG Kenan(R) Revenue Settlements Delivers Partner Care With
Industry-Leading Financial Management Capabilities
ENGLEWOOD, Colo., Nov. 2 /PRNewswire-FirstCall/ -- Leading global customer
care and billing solutions provider CSG Systems (Nasdaq: CSGS) today announced
the latest release of CSG Kenan(R) Revenue Settlements, the convergent
settlement solution for wireless, wireline, IP services and broadband
providers, that allows effective management of financial settlements and
relationships with value-add suppliers, such as content providers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20020627/CSGSLOGO)
The emerging convergent market opens the opportunity for service providers
and new value-add suppliers to strike partnerships and share revenues from
each transaction over IP, broadband or mobile networks.
CSG's Kenan Revenue Settlements solution addresses this need by automating
the revenue-sharing process between the service provider and its partners to
accurately and completely track revenues and streamline the way in which these
partnerships are managed and executed.
This latest release of CSG Kenan Revenue Settlements optimizes the ability
to audit the flow of revenues between partners through integrated Accounts
Receivable (AR) and Accounts Payable (AP), sophisticated financial management,
invoice and payment reconciliation, dispute management, multi-currency
conversions and bi-directional invoicing. These enhancements allow service
providers to guarantee that the payments received and transactions taking
place are accurately balanced, audited and administered regardless of the
contractual complexities in the sharing arrangements.
In addition, CSG now allows partners to track the account history with the
service provider, including monies owed and monies paid and can automatically
pay the net amount owed to the service provider or partner in order to
reconcile a balance. With such comprehensive partner care capabilities, CSG
Kenan Revenue Settlements facilitates the management of complex revenue
sharing agreements for both service and the emerging value-add suppliers.
"Telecommunications service providers are in an excellent position to
profit from the growing demand for all types of content, if they can manage
both the contractual and financial aspects of its delivery," said Andy
Bairsto, principle analyst, Chorleywood.
"Consumers' desire for new services from movies to gaming to ring tones
has caused service providers to evaluate the best way to profit from offering
these services over their networks," said Darla Thompson, vice president of
product management, CSG Global Software and Services division.
"CSG Kenan Revenue Settlements puts value-add suppliers and service
providers in control of striking the right partnerships, capturing new
transactions and profiting from them regardless of the type of service or
network type. With this release, CSG continues to demonstrate leadership in
providing solutions for the new business models behind the evolving value add
and content marketplaces."
As a standalone business-to-business solution, CSG Kenan Revenue
Settlements works with any billing system and across any network, empowering
the operator to leverage their existing billing system infrastructure to
launch innovative next-generation mobile services faster and with lower total
cost of ownership.
The solution is also fully integrated into Kenan FX, CSG's business
framework that brings together the world-class Kenan billing engine and
revenue-enabling solutions with new order and customer management products
that address an operator's needs throughout its relationship with a customer.
About CSG Systems
With worldwide headquarters in Englewood, Colo., CSG Systems is a
subsidiary of CSG Systems International, Inc. (Nasdaq: CSGS). CSG and its
wholly-owned subsidiaries serve telecommunications service providers in more
than 40 countries. CSG is a leader in next-generation billing and customer
care solutions for the cable television, direct broadcast satellite, advanced
IP services, next generation mobile, and fixed wireline markets. CSG's unique
combination of proven and future-ready solutions, delivered in both outsourced
and licensed formats, empowers its clients to deliver unparalleled customer
service, improve operational efficiencies and rapidly bring new
revenue-generating products to market. For more information, visit our
website at http://www.csgsystems.com.
SOURCE CSG Systems
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Related links:
http://www.csgsystems.com
Photo Notes:
NewsCom:
http://www.newscom.com/cgi-bin/prnh/20020627/CSGSLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Carrie Schafer, +1-303-804-4075,
carrie_schafer@csgsystems.com, or Investor Relations, Liz Bauer,
+1-303-804-4065, liz_bauer@csgsystems.com, both of CSG Systems
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