BuyMedia Enables More Than 1,000 Agencies to Receive Electronic Invoices From Broadcasters; Demand for Industry-Wide Electronic Invoicing Soars.Business Editors/High-Tech Writers BURLINGAME, Calif.--(BUSINESS WIRE)--Jan. 16, 2001 BuyMedia, Inc. (www.buymedia.com), the industry-leading provider of technology solutions for advertising, today announced that more than 1,000 advertising agencies are wired to receive invoices electronically from radio stations via BuyMedia.com. "Advertiser ad·ver·tise v. ad·ver·tised, ad·ver·tis·ing, ad·ver·tis·es v.tr. 1. To make public announcement of, especially to proclaim the qualities or advantages of (a product or business) so as to increase demand for widespread electronic invoicing in·voice n. 1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill. 2. The goods or services itemized in an invoice. tr.v. is tremendous," said Mike Jackson For the P. G. Wodehouse character, see . For other people named Mike Jackson, see . General Sir Michael David "Mike" Jackson, GCB, CBE, DSO, DL, (born 21 March 1944) is a British army officer, formerly Chief of the General Staff. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BuyMedia. "BuyMedia knows this, and we've combined our Web infrastructure and industry-leading software to make a comprehensive invoicing system that benefits both buyers and sellers." The service, free to agencies, utilizes BuyMedia's Web-based platform, BuyMedia.com, and leading operations software on both the buyer and seller ends. Radio stations send invoices electronically directly to agencies from BuyMedia's Marketron system, the sales, proposal, traffic and billing software used by stations controlling 80% of national and regional advertising, via BuyMedia.com. Registered media professionals view the invoices through a secure Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. and can send the information instantly into most agency buying software, including Donovan, SmartPlus and Datatech. With BuyMedia's electronic invoicing, agencies receive invoices more quickly, eliminate paper and reduce errors. Stations experience fewer data entry errors, improved agency relationships, faster bill reconciliation and timely payments. Improved billing accuracy and efficiency results in increased revenues for both agencies and stations. "Media buyers have been waiting for an electronic invoicing solution that really works," said Connie Burtcheard, product manager, e-Partnerships of Marketing Resources Plus. "By integrating SmartPlus with Marketron and BuyMedia.com, BuyMedia is setting the industry standard." "Stations know that they have to offer buyers electronic invoicing to remain competitive," said Donna Hadaller, business manager of the Entercom Seattle stations. "Marketron and BuyMedia.com have enabled us to meet buyer needs while experiencing increased efficiency and receiving faster payments." Pricing and Availability Electronic invoicing is available through BuyMedia.com. The service is free for all buyers and included in stations' monthly licensing fee for Marketron2000. Media professionals can view the invoices with a current Web browser. About BuyMedia BuyMedia is the leading provider of e-business software for the advertising industry, with more than 220 employees who operate in 10 offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. The company offers the only end-to-end platform that streamlines media buying and selling. BuyMedia leverages the Internet and cutting edge software technology to facilitate the entire sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. -- from a buyer's research and order to a seller's proposal and invoice An itemized statement or written account of goods sent to a purchaser or consignee by a vendor that indicates the quantity and price of each piece of merchandise shipped. A consular invoice is one used in foreign trade. . BuyMedia maintains proven face-to-face negotiation, while eliminating cumbersome cum·ber·some adj. 1. Difficult to handle because of weight or bulk. See Synonyms at heavy. 2. Troublesome or onerous. cum paper-based processes. Founded in 1995 and based in Burlingame, Calif., BuyMedia is privately held. |
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