PLEASANTON, Calif.-Verizon Wireless selected Xign Corp., a purveyor of on-demand, order-to-pay software, to streamline its order delivery, invoice processing and payment management. By moving to electronic billing and payment of vendor accounts, Verizon Wireless plans to save money through efficiencies and by garnering discounts for early payment of its bills.
Xign’s existing customers include T-Mobile USA Inc. and Sprint Nextel Corp., so with the Verizon Wireless deal the Pleasanton, Calif.-based software firm now serves three of the top five wireless carriers in the United States, as well as non-telecom companies such as MetLife and Bristol-Myers Squibb.
Terms of the arrangement were not announced. Xign is a privately held company.
Firms already in Xign’s supplier network represent half of Verizon Wireless’ annual spending on vendors, which Xign said was a factor in the carrier’s selection. The companies said the teaming would reduce risks in implementing the electronic billing and payment system and facilitate Verizon Wireless’ return on its investment with Xign.
