By NAUREEN S. MALIK September 24, 2007; Page B4 Sales growth at TicketNetwork LLC was accelerating, but its billing system wasn’t keeping pace. So...

By NAUREEN S. MALIK
September 24, 2007; Page B4

Sales growth at TicketNetwork LLC was accelerating, but its billing system wasn’t keeping pace.

So the ticket-broker software company, which was founded in 2002, decided it needed to upgrade the process. It began creating software that would simplify and speed up the way it billed customers — and save the company some money. And in 2005, it started using an automated clearinghouse provided by its bank — an interbank system of transferring funds electronically — to facilitate the way customers paid those bills. . .

TicketNetwork, which took in $200 million in 2006 sales, generates revenue from fees from brokers using its point-of-sale software, ticket sales to individuals using its wholesale-ticket outlet www.TicketLiquidator.com and sales through its private-label service on other Web sites such as CheapTickets.com.

Full Story: http://online.wsj.com/article/SB119049793875336407.html