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Financial Services Billing Expert to Provide Solution for CETIP

02-09-2011 12:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MetraTech

Financial services billing systems provider MetraTech

Financial services billing systems provider MetraTech

Financial services billing expert MetraTech Corp (metratech.com/) has announced that it is to provide billing and billing-related services across the entire product portfolio of Latin America's largest central depository for over-the-counter (OTC) derivatives.

MetraTech has been selected by Brazil-based CETIP to deliver a bespoke billing software solution that will enable the OTC clearing organisation to keep pace with the demands of a rapidly evolving and increasingly competitive financial market.

As well as providing a billing solution that will accurately and transparently bill for CETIP’s current and future services, MetraTech’s MetraNet product will give CETIP the ability to scale its business via new product offerings, channel support and geographic expansion. The billing software will also handle any monetisation aspects of CETIP’s service contracts and meet the unique requirements of individual customers, but in a systemic manner - improving speed, traceability and accuracy with less maintenance in the process.

Francisco Carlos Gomes, chief financial officer of CETIP, praised the new billing software, commenting: "We believe that the right billing system is the flexible backbone on which we will continue to build a successful future; one that will enable us to support increasingly complex and varied products and services. In MetraTech, we have found a partner who will meet our needs both immediately and into the future."

“In line with our strategy to assist the world’s leading financial services organizations with the modernisation of their billing services, we are delighted that MetraNet has been chosen to support one of the largest infrastructure providers in Latin America,” concluded Scott Swartz, chief executive officer of MetraTech, which as well as financial services billing also provides subscription billing and telecom billing solutions. “MetraNet will enable CETIP to face and meet the demands of a rapidly evolving market with confidence.”

To learn more about MetraTech and its billing software, go to http://www.metratech.com/.

About MetraTech

MetraTech Corp. offers a new approach to charging, billing, settlement and customer care enabling organisations to embrace change without compromise. MetraNet, the company’s flagship billing solution, is unique in its ability to automate business processes and business models that address rapidly changing, complex or radical business strategies across any industry for an unlimited number of services. MetraNet is deployed globally, enabling diverse customers to build innovative and successful business models, securely collect revenue, and manage their entire customer lifecycle in some 12 languages, 26 currencies and 90 countries.

As well as providing everything from telecom billing to Microsoft billing, MetraTech offers a variety of delivery options ranging from licensing to outsourcing. Headquartered in Boston, MetraTech has offices in San Francisco, Munich, Paris, Singapore, Rio de Janeiro and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Bessemer Venture Partners, Meritech Capital, and Vesbridge Partners. For more information, please visit www.metratech.com.

MetraTech, 338 Euston Road, London, NW1 3BT

Keith Brody, Director of Marketing Communications, Tel: +44 (0) 7790 245779, Email: kbrody[at]metratech.com

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