To: TLindt who wrote (133 ) 2/19/1999 8:43:00 PM From: jjs_ynot Read Replies (1) | Respond to of 918
An analysis of BILL SERV by the Internet Stock Report: 2. NEW FEATURED COMPANY: Billserv.com, Inc. , billserv.com , (OTC BB: BLLS) Billserv.com Inc. (www.billserv.com) is a pioneer in the electronic bill presentment and payment (eBilling) industry. The company's products and services allow companies to bill other individuals and businesses for products and services directly via the World Wide Web and via e-mail. The Industry: At present it is estimated that over 100 million U.S. households receive an average of 15 bills per month and pay 5% of their bills electronically. As the number of U.S. households Online soars from just above 18 million today to over 40 million by the year 2001, businesses are quickly realizing that delivering bills to their customers via the Internet is far cheaper and easier than delivering bills via the traditional postal service. As consumers are expected to view/pay more than 1 billion bills on the Internet by the year 2001, it is Billserv.com's strategy to assist companies in increasing the percentage of bills presented and paid online from 5% to 35% within the next five years. The Benefits: Billserv.com, Inc. targets small and medium size billers that send billing statements out on a recurring basis. These include utilities, cable and telecommunications, credit card, and financial service companies. Billserv.com is able to outsource these companies' entire need for eBilling solutions. Billserv.com estimates that the cost of publishing a billing statement and receiving payment can be decreased by $.30 to $.85 per bill totaling $24 to $60 million per year for a corporation delivering 500,000 bills per month. In addition, Billserv.com allows companies to market to their customers other products and services through their online eBilling system and allows for value added services such as statement and paymentarchives. Billserv.com's Approach: Giving consumers the ability to access and pay statements and bills anywhere and at any time, Billserv.com, Inc. has four main products and services. The company's core product, eServ, provides billers with a sole solution for developing and maintaining comprehensive eBilling capabilities. eConsulting is targeted towards large volume billing companies interested in building their own in-house eBilling Systems. The company's third revenue generator, ePublishing, facilitates business-to-business distribution of paper based statement such as those produced by investment or fund managers. Lastly, eCare is the company's comprehensive Customer Interaction Center including methods of communication such as phone, fax, web, interactive voice, and e-mail. Company History: Raising over $4 million in a recent private placement offering, Billserv.com, Inc. was founded by a management group with over 40 years experience of developing, implementing, and managing conventional billing systems and support and their conversion to eBilling. Although the company shares the e-automation industry in the specific paperless automation sector with companies such as recent IPO, Bottomline Technologies, Inc. (NASDAQ: EPAY), CheckFree (NASDAQ: CKFR), and Billing Concepts (NASDAQ: BILL), the company states that they are one of only a few providers offering electronic bill presentment and payment and the only company to offer turn-key solutions for all aspects of eBilling.