Redi2 Technologies launches Software as a Service (SaaS) fee billing offering

Oakland, CA - 22 January 2008

Redi2 Technologies, a leading provider of sophisticated yet simple-to-use fee billing solutions for the global financial services industry, today announced a new Software as a Service (SaaS) solution for web-based delivery of its Redi2 Revenue Manager and add-on software modules. SaaS gives clients online access to Redi2’s fee billing solutions to build profitability while avoiding the costs and complexity of in-house technology management.

Asset management services provider Bellatore has implemented Redi2 Revenue Manager™ and Redi2 STP Automation™ via Redi2’s SaaS delivery model. Redi2 Revenue Manager automates account setup and termination, revenue reconciliation, invoice generation, special adjustments and reversals. Redi2 STP Automation streamlines processing by filtering exceptions and prioritizing only items that need personalized attention. Redi2’s SaaS Solution gives Bellatore more cost-efficient web-based support for managing fees in the increasingly complex managed accounts segment.

“Our scalable and secure new delivery offering gives customers cost-effective connectivity to browser-based client desktops anywhere around the world, getting users such as Bellatore up and running with ease,” notes Seth Johnson, CEO of Redi2 Technologies.

Under the SaaS delivery model, Redi2’s fee billing solutions are hosted at the software vendor’s robust and reliable SAS 70 Type II certified data center. Users need only a web browser to access Redi2’s solutions. Reliability features include real-time data mirroring, geographic redundancy and multi-failover for guaranteed up-time. Additional client benefits include faster time to market of more functionally robust fee billing support to virtually unlimited end-user desktops.

“Our partnership with Redi2 takes flexible fee calculation and billing to a new level and underscores Bellatore’s commitment to putting the marketplace’s best technologies and services to work for our advisors and their clients,” said Al Steele, President and CEO of Bellatore, LLC.

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