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Redwood City, Calif. – March 24, 2015 – Vindicia, a leader in enterprise-class subscription billing, today announced that CBUSA is using Vindicia® CashBox® to make subscription payment processing easier for members and more efficient for CBUSA staff. CBUSA helps its members—small to mid-size homebuilders in select US markets—thrive. By harnessing its members’ collective buying power, CBUSA secures lower prices on commodity and specialty building materials. Members pay a low monthly subscription fee to use the CBUSA online purchasing service. CashBox keeps CBUSA’s members connected to the buying services they need.
Founded in 2004, CBUSA decided in 2008 that introducing monthly membership fees could help it enhance services to members. CBUSA considered multiple subscription payment solutions. It chose CashBox for its Payment Card Industry (PCI) compliance and automated customer retention and support. In more than five years of use, CBUSA has found that CashBox delivers all the capabilities it needs to support subscription payments efficiently.
Brendan Sheehan, chief financial officer for CBUSA, explains how the company takes advantage of Vindicia solutions: “We use Vindicia to handle every aspect of membership billing. CashBox makes managing recurring payments one of the most automated and worry-free aspects of our business. We’re seeing the advantages of subscription revenue without having to worry about PCI compliance or that billing is going to be a hassle for members.”
“We’re pleased to be a part of CBUSA’s successful embrace of a subscription business model,” says Gene Hoffman, chairman and CEO of Vindicia. “As companies increasingly turn to subscription and recurring revenue business models, they’re finding that traditional billing platforms fall short. CashBox delivers the go-to-market flexibility, security, reporting, and customer support that companies need to thrive in the subscription economy.”
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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 subscription services they love, and companies connected to the subscription revenues they need. Vindicia has processed more than $21 billion globally and generates over $90 million in annual incremental revenue for clients. Clients include TransUnion Interactive, IAC, Bloomberg, Vimeo, and Next Issue Media. 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.