Month: July 2022

Ferrer wants to drive a new way of doing business and being in the world, because they believe that their activity as a company has to create more social and environmental value than the one it consumes

BARCELONA, Spain, July 28, 2022 (GLOBE NEWSWIRE) — In 2021 the pharmaceutical company Ferrer invested 61.4% of its net profits in social and environmental causes, as part of its purpose to make a positive impact in society. As the company’s Sustainability Report states, Ferrer reinvested the major part of its profits in several projects aimed at fostering equal opportunities for people in vulnerable situations, as well as projects aimed at protecting the planet. In this way, Ferrer materialized its purpose to make a positive impact. And the number of net profits invested represent a 53.2% rise in comparison to 2020.

Among the main projects in which Ferrer invested its profits in 2021, it is worth highlighting the one million healthy menus supplied in the Barcelona Metropolitan Area to people in an extreme situation of vulnerability. These meals, elaborated with food grown in biodynamic urban social gardens and with a permaculture regime, want to promote a green, sustainable and agroecological city model. The company also supports boys and girls at risk of social exclusion through music education programs. These are aimed at preventing school failure and enhance their educational, cultural, and emotional development.

As Mario Rovirosa, Ferrer’s CEO explained, the company has set its profit margin “in less than a half compared to the other companies in the sector”. The purpose is to “reinvest in initiatives with a social and environmental impact to create a fairer and more egalitarian society.” Likewise, Rovirosa asserted that the company has been working for years on its transformation towards being a “positive impact organization.” “We know we still have a long way to go, but we want to be promoters of a new way of doing business and being in the world because we believe that our activity as a pharmaceutical company must create more social and environmental value than it consumes”, Rovirosa stated.

In this way, all Ferrer’s strategy is related to the people and the development of their talent, the protection of the planet and the battle to achieve a fairer and more egalitarian society.

As a result of the work completed in 2021, Ferrer also became in early 2022 the first Spanish pharmaceutical laboratory to enter the B Corp community, the companies’ association aimed at building a more inclusive and sustainable economy. In the certification process carried out by B Lab Spain, Ferrer was highly valued for its strategy to develop innovative therapeutic solutions capable of transforming the lives of patients that suffer serious and debilitating diseases. Also, they recognized the company’s ability to operate with the highest standards of quality and safety, transparency, ethics, and honesty.

Commitment to talent and a fairer and more liveable world 

The 2021 Ferrer Sustainability Report’s data also reflects the company’s commitment, through its Great People axis, to a culture focused on people, based on trust and responsibility. In this sense, the company was recognized in Spain, Mexico, and Portugal as an excellent place to work (Great Place to Work®). This proved their ability to attract and retain the best professionals, with almost 96% of its workforce on indefinite contracts at the end of 2021, and 103,139 cumulative hours of training for their teams.

“Ferrer’s people are the main activists of our purpose. Each one of us, in our day-to-day decisions, contributes to the creation of our culture. A culture that has to do with how we lead, how we communicate, and how we organize ourselves, but that also involves a compromise with a more sustainable world. That is because, as a company, we want to contribute to the environmental preservation of our planet and the equality of opportunities. Moreover, we want to make Ferrer not only a great company to work for, but also a company with a positive impact and, therefore, focused on the benefit for all our stakeholders,” highlighted Bea Vila, Chief People & Sustainability Officer of Ferrer.

The people at Ferrer were also a driving force behind the Social Justice axis, through which the company intends to create a fairer and more equitable society. Therefore, the company mobilized 420 volunteers during the Days for Good, dedicating more than 1,300 hours to social and environmental projects. Within the same axis oriented towards social justice, the company itself promotes the defense of human rights to prevent and guarantee non-discrimination, health, and freedom of association. Furthermore, they want to achieve decent working conditions among its people and contribute to correct social inequality.

Through the actions for the environmental preservation of the planet that are part of the  Liveable Planet axis, Ferrer achieved a reduction of its global carbon footprint of 18.9% in 2021. This way, they approached the objective of having reduced it by 25% by 2030. To this extent, the company works with a 100% electricity coming from renewable sources, avoiding the emission of 7,500 tons of CO2 each year. Besides, the company also achieved to recover 76.5% of its waste globally, thanks to actions such as treatment, recycling, recovery, and composting, among others.

In the packaging field, Ferrer reaffirmed its commitment to the circular economy with the launch of the Packaging for good program, which includes the promotion of eco-design and the recovery of materials. The program works in line with the company’s vision of reducing by 25% the carbon footprint of its packaging in 2030 through the eco-design of 50% of its products. In addition, in June 2021 Ferrer started the Ecoins project in Costa Rica, a reverse logistics project that allowed the recovery of more than 4,500 tons of materials at more than 450 recollection points. With this project, Ferrer positioned itself as the first pharmacist to assume the recovery of waste medicines and fulfill the indications of the Costa Rican law regarding the Extended Responsibility of the Producer.

Moreover, to achieve Ferrer’s goal of becoming a carbon-positive company, they have joined to the Business Ambition 1’5°C, promoted by the United Nations to reduce greenhouse gas emissions, and the company participated as well in the Conference on Climate Change (COP26) to align its commitment with the recommendations and experiences of the scientific community.

Contact information:

gortizdez@ferrer.com
Tel.: +34 936 003 779

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280722 Ferrer Sustainability Report.docx

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• Ferrer for good

The CDMO’s Milan facility provides lentiviral vector and autologous CD34+ cell-based drug products for clinical testing

SEATTLE, MILAN, July 28, 2022 (GLOBE NEWSWIRE) — AGC Biologics, a leading global Biopharmaceutical Contract Development and Manufacturing Organization (CDMO), today announced a new partnership with Altheia Science, a gene therapy company pioneering cell and gene therapy strategies to treat autoimmune diseases and cancer. Through this partnership, Altheia Science will advance its development of autoimmunity treatments, focused on modulating PD-L1 expression in patients’ hematopoietic stem and progenitor cells, into clinical testing.

AGC Biologics is performing drug product development at its Milan facility using lentiviral vector (LVV) and autologous CD34+ hematopoietic stem and progenitor cell systems. The cells will be transduced using a highly efficient ex vivo lentiviral material to encode the human PD-L1 DNA.

“The AGC Biologics Milan site has a long-standing expertise in successfully developing stem cell-based gene therapies, from clinical testing up to commercialization,” said Paolo Rizzardi, Chief Executive Officer of Altheia Science. “We believe this partnership is key in supporting our gene therapy programs and  making these innovative therapies available to patients.”

The AGC Biologics Milan facility has one of the strongest development and manufacturing track records in the global cell and gene industry, working with virtually any cell type and lentiviral, retroviral and adeno‐associated viral vectors. The site has 25 years of expertise, including manufacturing three commercial products, and teams of scientists with significant development and regulatory experience. The site was the first ex-vivo cell and gene therapy site approved in Europe for GMP manufacturing of clinical and commercial supplies.

“We are pleased Altheia Science placed their trust in our cell therapy and viral vector services, and our Milan site, at this important stage in their product’s lifecycle,” notes JB Agnus, Chief Business Officer of AGC Biologics. “Our global Cell Therapy and Viral Vector services are powerful tools for partners creating life-changing treatments for patients. We pride ourselves on our ability to collaborate with cell and gene developers and work within their unique specifications and requirements.”

AGC Biologics’ cell therapy services and viral vector capabilities leverage the latest technology and processes, including proprietary platforms developed to address the evolving advanced therapies industry. To learn more about the company and its complete list of biologics and cell and gene services, visit www.agcbio.com.

 

About Altheia Science  

Altheia Science has been founded by Prof. Alessandra Biffi, MD, and Prof. Paolo Fiorina, MD, Ph.D., together with the investment company AurorA-TT (www.aurora-tt.com). Altheia Science develops pioneering cell & gene therapy strategies to treat autoimmune diseases and cancer.  To learn more, visit www.altheiascience.com.

About AGC Biologics  
AGC Biologics is a leading global biopharmaceutical Contract Development and Manufacturing Organization (CDMO) with a strong commitment to delivering the highest standard of service as we work side-by-side with our clients and partners every step of the way. We provide world-class development and manufacture of mammalian and microbial-based therapeutic proteins, plasmid DNA (pDNA), messenger RNA (mRNA), viral vectors, and genetically engineered cells. Our global network spans the U.S., Europe, and Asia, with cGMP-compliant facilities in Seattle, Washington; Boulder and Longmont, Colorado; Copenhagen, Denmark; Heidelberg, Germany; Milan, Italy; and Chiba, Japan and we currently employ more than 2,500 employees worldwide. Our commitment to continuous innovation fosters the technical creativity to solve our clients’ most complex challenges, including specialization in fast-track projects and rare diseases. To learn more, visit www.agcbio.com.

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• AGC Biologics Signs Contract with Altheia Science

Nick McDonald
AGC Biologics
4254193555
nmcdonald@agc.com

TORONTO, July 28, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces today that its wholly owned subsidiary MOKE France SAS (“MOKE France”) has finished renovating its flagship MOKE showroom and is open for business in the heart of Saint-Tropez.

‘Casa MOKE’ is a built-for-purpose experience and retail centre where MOKE France will display the new electric MOKE vehicles. The development of ‘Casa MOKE’ was a made-to-order project and has been designed by architects Olivia Siri and Julien Fuentes, as a laid-back charming hub for the much-loved beach and luxury lifestyle brand. Additionally, MOKE France has collaborated with French artist Quentin Monge who has installed a life-size wall mural and created limited-edition artworks dedicated to the brand.

The Côte d’Azur has been a popular home to the MOKE brand since it was founded by Sir Alec Issigonis in the 1960s, with many associating the vehicle as a staple vacation accessory, suitable for adventures on country roads to sand dunes. MOKE France is now making it much easier for clients to experience the brand in ‘Casa MOKE’ Saint-Tropez, the flagship retail store which will carve the way for the future of MOKE across the world.

Casa MOKE

In an initial pilot of direct-to-consumer sales, MOKE France generated over €500,000 in total value for orders.

“This summer is the perfect opportunity to bring the Electric MOKE to Saint-Tropez and we are so excited to be able to revive the brand in an authentic spirit!” Said Willy Gruyelle, CEO of MOKE France. “I am really proud of what the design team has achieved: a house combining the glory of the Sixties, the spirit of the Mediterranean Sea and modern touches to welcome our clients and share past and future MOKE stories together!”

“The French Riviera was the obvious place to open our first hub as the area resonates with our brand so well. We hope to learn from our successes with the Electric MOKE in France, as EV Technology Group takes the brand to a global level,” said Wouter Witvoet, CEO and Founder of EV Technology Group.

EV Technology Group
EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

Casa MOKE

MOKE
MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited (“MOKE International”) in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. MOKE France is the official French licensee. For more information visit: https://mokeinternational.com

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information
This news release contains forward-looking statements including, but not limited to: its Casa MOKE flagship store and orders for the electric MOKE. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Global Telco Webtel.mobi’s Briefing Document to International Consultancy Frost & Sullivan for Valuation of its TUV Digital Currency / CBDC-equivalents reveals that the TUVs’ fully-operational capacities exceed prevailing theories of Digital Currency / CBDC capacities by so far as to be startling – and potentially herald the biggest changes in over a Century to money and finance as we know it

LONDON and NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) — Webtel.mobi (“WM”), the global telephony company that has developed the world’s first functional Global Digital Currency equivalent and Global CBDC equivalent – the “TUV” – has issued its Briefing Document to International Consultancy Frost & Sullivan for the valuations of its three types of TUV (the “Standard”, “Secured” and “Smart” TUVs).

The Briefing Document revealed the scope, range and capacities of WM’s fully-operational Digital Currency / CBDC equivalent – using, as it does, 21^st Century technologies and the Global Telco’s worldwide connectivity.

The results surpass – by multiple factors – all the most optimistic predictions and forecasts of the advancements that a functioning Digital Currency or CBDC could bring across all sectors and markets worldwide, and to the global digital economy itself. They are significant to the extent that they could potentially usher in the most significant changes to the existing concepts of money, currencies, finance and economics in over a Century.

Moreover, WM’s TUVs and WM’s Global Financial System equivalent – having been operationally tested and refined for over eight years – are currently fully operational not only for company/merchant and individual/consumer use worldwide, but also for immediate adoption by Central & Commercial Banks and other Foundational Financial entities if they choose to.

This is because the WM System and TUVs have been structured to enable seamless and worldwide “Whole Market” access and use – without requiring systemic change or alteration by any parties, and across all sectors, countries, currencies, and systems. This enables all persons and/or entities worldwide to benefit from its profound advancements, which include the following:

Geostrategic Attributes (7 examples of over 100):
Seven of the 100+ fully-operational and proven new capacities brought about by the TUVs and the WM System are as follows:

• A fully-operational Global Unitary World Currency equivalent:
  Achieved without countries having to change their own currencies or systems – because the TUVs are instantly interchangeable between all world currencies – so can be in any of the world’s currencies, but instantly convertible to any of the other world currencies, at the election of the owner.

• A fully-operational alternative to current systems of both Digital Currency and Cash – combined:
  The secure storage, transfer and/or payment facilities – all from any internet-enabled electronic device, Smart Phone or Pre-Smart Phone – and the capacity for cash to be converted to Digital TUVs, and for refunds of TUVs to bank accounts or via kiosks, give the TUVs the functionality and usability characteristics of both digital money and cash – simultaneously.

• A fully-operational, more Rapid & Secure and Lower Cost alternative to the Global SWIFT System:
  TUVs can be transferred or used for transfers or payments worldwide, in secure and instant transfers 24/7/365 over the WM System. This provides a fully-operational alternative to the SWIFT / IBAN and other systems that is more rapid (1/100^th of a second), more secure and exponentially lower-cost than the other systems.

• A fully-operational alternative to the Global FX Market:
  TUV currencies can be swapped across all currencies on the WM System 24/7/365 in a fully secure manner with permanent Full Reserve coverage – for fully secured global currency conversions at rates set by currency owners. Can be used for fully-secure and instant retail and wholesale FX conversions, as well as for RTGS and PvP transactions of any size.

• A Return to Gold-Standard Currencies equivalent:
  WM’s Secured TUVs are fully-backed not just by 100% Reserves of their face-value in currency, but also by their full face-value in Physical Gold. This returns currencies back to Gold-Standard status with the corresponding securing of value.

• A Permanent Hedge against Inflation and Currency Depreciation:
  The capacity for instant conversion of the TUV to alternative currencies in the Standard TUVs – as well as the securing of the Secured TUVs with Physical Gold on top of the capacity for conversion to other currencies – provide a permanent hedge against currency depreciation and inflation – and in the case of the Secured TUVs – also a hedge against Systemic failures.

• A Fully-Operational and Global eKYC and eAML System:
  With the most thorough and advanced application that sees in-situ attorneys and notaries carry out the KYC in all countries, and then re-certify KYC once provided, and with the WM System further managing transactions within rules and carrying out permanent KYC and AML monitoring of all transactions – 24/7/365.

The number of new Geostrategic Attributes is moreover dwarfed by the number of new General Systemic and Process Improvements to current systems and processes.

A small selection of these is as follows:

General Systemic and Process Improvements (5 examples of over 250)

• Instant Global Multicurrency Accounts for Companies/Merchants and Individuals/Consumers:
  Enabling instant expansion of business and lowering of costs for Merchants and Consumers worldwide in/for all currencies and countries.

• Instant Global Multicurrency Payment and Payment-Acceptance Systems for all Currencies and Countries:
  In all currencies and countries and without the requirement for any new payment terminals or processes, as Smart Phone or Pre-Smart Mobile Phones are used as payment and receipt terminals. Also lowers the costs for Merchants and Consumers worldwide while increasing speed and security.

• Instant Replacement of Expensive Intermediary entities for the majority of Transactions via the “Smart TUV”:
  The world’s first “Programmable Money” equivalent enables parties to transactions, to tailor the payment of funds according to deal / transaction structures / terms / dates / times / other attributes. Removes the requirement for intermediaries for the majority of transaction types including in Letter of Credit transactions, Global Trade transactions, etc. Exponentially lowers costs, increases speed and heightens security.

• Instant Integration of the 30% of the world’s Unbanked / Underbanked into the 21^st Century Digital Economy:
  The TUVs and the WM System have been structured to allow for the safe and KYCd + AMLd process of conversion of cash into digital TUVs, and the refunding of TUVs via Kiosks. Other than replicating and improving the instant usability and convenience of cash in many global cash market economies, this has also provided an instant solution for full inclusion of the 30% of the world’s Unbanked and Underbanked population into the Global Digital Economy.

• Instant Transaction Cost Lowering, Transaction Security Raising and Transaction & Settlement Speed Increasing:
  Use of the TUVs and the WM System results in instant and exponential lowering of transaction costs, raising of transaction security, increasing of transactions speeds to instant and increasing of settlement speeds to instant for consumers and merchants, in all currencies and countries, and for all amounts, for all transfers and payments.

A more extensive list of the innovations, new capacities and improvements to existing systems are listed in the Briefing Document provided to Frost & Sullivan by WM – a redacted copy of which is attached to this article.

Its contents are continuing to stimulate very significant interest and debate worldwide – especially because the WM TUVs, System and capacities are not theoretical future propositions. They are rather factual characteristics of tested, due diligenced, proven and fully-operational realities and measured benchmarks – confirmed in over eight years of global operational testing and refinement.

The Briefing Document was made public by WM as a disclosure requirement; because WM is listing a Special Purpose Vehicle holding WM shares on a Retail Stock Exchange in the United States in late 2022.

As the Valuation of the TUVs – the value of which will be added to WM and its shares and therefore to the Special Purpose Vehicle’s value – will have a material effect on the value of the Special Purpose Vehicle after it has been listed, it was a disclosure requirement for WM to make the Briefing Document public.

The Geostrategic nature of the WM System and TUVs and their capacities has already resulted in various international entities approaching WM for its input on CBDCs and related matters, and it is anticipated that potential acquisition-interest in the Company from Foundational or Strategic financial and economic entities internationally may ensue. However, WM has, at this time, not expressed interest in a Trade Sale.

Resources:

To contact WM: wm@thoburns.com

Research Papers on the WM System’s Converged Capacities by Professor Jan Kregel – former Chief Rapporteur, Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System:

• Another Bretton Woods Reform Moment: Let us Look Seriously at the Clearing Union
  https://tinyurl.com/WM-System1

• Keynes’s Clearing Union is Alive and Well and Living in your Mobile Phone
  https://tinyurl.com/WM-System2

• Money and Credit: Potential Expansion of the WM System
  https://tinyurl.com/WM-System3

• New Dimensions for the TUV in the Webtel.mobi System
  https://tinyurl.com/WM-System4

• The Economic Problem: From Barter to Commodity Money to Electronic Money
  https://tinyurl.com/WM-System5

Attachments:

• Redacted – Updated Briefing to Frost & Sullivan – Valuation of WM’s TUVs
  
• Research Papers on WM’s TUVs and Global Clearing System

Details on WM’s TUVs:

Examples of TUVs: https://tinyurl.com/TUV-Examples

Standard TUVs: https://tinyurl.com/Standard-TUVs

Secured TUVs: https://tinyurl.com/Secured-TUVs

Smart TUVs: https://tinyurl.com/Smart-TUVs

Media Articles on WM:
https://webtel.mobi/info/current-media/

WM’s urls:

https://webtel.mobi/pc (Tablets / Laptops / Desktops)

https://webtel.mobi (Smart Phones)

https://webtel.mobi/wap (Pre-Smart Mobile Phones)

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/22c7f0ef-6021-4cdc-9877-20fcc8fd4b17

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

New Product Launch Leans Heavily on Customer Retention, Monetization and Streamlining Revenue Operations

San Francisco, Calif., July 28, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced its Summer 2022 Product Release. The slate of new products and features is focused on enabling high-performing subscription businesses to monetize their existing customers and fend off the growing threats of a tumultuous economy. These new products help businesses build their cash reserves and maintain their customer base at a time when many businesses – and their customers – are struggling with the realities of inflation and drying up of venture capital, the lingering effects of COVID-19 and a decimated global supply chain.

The centerpiece of Chargebee’s Summer 2022 Product Release is Chargebee Retention, formerly Brightback, which along with Chargebee Receivables (numberz), and RevRec (RevLock), all acquired by Chargebee over the last 18 months, represent Chargebee’s initial foray into becoming a true multi-product company.

Chargebee Retention allows businesses to focus on keeping the customers they already have at a time when both businesses and consumers are being forced to evaluate everything in their portfolios and make difficult decisions. Chargebee Retention enables businesses to customize cancellation experiences with offers geared towards continuing the customer relationship and allows businesses to test out personalized retention-magnet strategies to minimize voluntary churn and strengthen customer lifetime value with an ROI of as much as 800%.

“For subscription businesses, acquiring new customers is at least 2.5 times more expensive than upselling or expanding an existing customer. This factor can be even higher with intelligent automation that decreases customer churn while increasing the chances of expansion,” said Mark Thomason, IDC Research Director responsible for Digital Business Models and Monetization practice. “While these retention capabilities are critical during these tumultuous times, keeping happy customers is always in vogue.”

Chargebee Receivables helps businesses improve their cash flow management processes by automating accounts receivable workflows. Subscription businesses will now be able to efficiently automate their entire accounts receivables workflow and process from purchase to payment. In addition, Chargebee Receivables also lets businesses proactively engage with customers on predicted payment failure to minimize involuntary churn and increase customer retention.

“Customer retention has become an even bigger focus for us over the past year or so,” said Bob Viscount, Vice President at Silhouette U. “The economy has changed a lot, and we’ve been looking for a solution that helps mitigate some of the cancellations we’ve been seeing.  Customers have chosen to cancel due to cost and having an option to deflect some of these cancellations with a tailored offer in the moment has been a huge boost to our business. Chargebee Retention has proven to be a value-add to our business and has allowed us to provide customers with a comprehensive review of what they’d be giving up while also leveraging offers when needed. The results in a very short amount of time have convinced me that this needs to be a critical component to our business moving forward.”

The volatility of today’s market landscape has forced businesses to become adaptable and nimble in ways they hadn’t previously expected, tinkering with package and feature offerings and providing new and different services to customers at different price points.  The new Chargebee Entitlements offers businesses more control over this new path and enables them to upsell to existing customers by showing them value. Chargebee Entitlements enables businesses to “value-test” and experiment with different packaging and pricing options, better control feature launches with roll-outs to small subsets of customers, and go to market faster. Chargebee Entitlements helps go-to-market teams provide feature access to customers beyond their plan on the flip of a switch, which can be used to incentivize plan upgrades and free-to-paid conversions.

“We’ve spent months engaging with our customers, learning the ins and outs of their businesses and working with them to determine what types of tools they want and need to face their current challenges head-on,” said John Pearce, Vice President of Product Management at Chargebee. “In those conversations, the focus almost always homed in on retaining customers, building long-lasting customer relationships and understanding how Chargebee can help businesses monetize their existing customer base. Chargebee Retention, Chargebee Receivables and Chargebee Entitlements are a direct result of our findings and our desire to give our customers exactly what they need to build and scale their businesses, even in these trying times.”

The complete list of features in Chargebee’s Summer 2022 Product Release, which also includes in-app purchase management, multi-entity management, integration with PandaDoc to manage quote-based subscription workflows, a RevRec integration that helps businesses recognize revenue in local currency and avoid challenges that hinder growth, and RevRec’s ASC 606 expense recognition, can be found here: https://www.chargebee.com/summer-release-2022/

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,500 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription billing, invoicing, payments, and revenue recognition operations, provides key metrics, reports, and business insights and now offers Chargebee Retention and Chargebee Receivables. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com.

Jake Katz
Chargebee
jake.katz@chargebee.com