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Billing 2.1 Codenamed “Okane”

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We just updated our active projects page on our website to reference what we’re working on from a billing perspective. This project, once delivered, will have many customer facing features. Here are the details:
Version 2.1 of our billing system, codenamed “Okane” (Japanese for “money”), will make it possible for customers to view invoices and payment history, make payments, set up auto–upgrades, and request cancellations—all through their administrative control panel.
Our billing team will benefit from the new payments–and–credits system, advanced reporting tools, daily scripts for invoice generation, and the ability to auto–charge. This new version also includes improvements to the “export to QuickBooks” feature, and the ability to schedule the automatic mailing of invoices and payment receipts.
Why did we pick a codename that is hard to pronounce? That is what happens when you leave name picking up to the developers. ;-o

About the Author

This is a post written and contributed by Pat Matthews.

Pat Matthews is the Senior Vice President of Corporate Development at Rackspace. Prior to Rackspace, Pat founded Webmail.us, a business email hosting company that made Inc. magazine's list of the fastest-growing private companies in America. In 2007 Rackspace acquired Webmail.us and the two businesses joined forces. From 2007 to 2009, Pat led the Rackspace mail business and helped grow it to more than two million paid mailboxes worldwide.

In January 2010, Pat was promoted to Vice President and General Manager of all Rackspace cloud businesses. In this role he led Rackspace to become one of the most important companies in the cloud computing industry. He was promoted to Senior Vice President of Cloud at Rackspace in August of 2010.

Today, Pat oversees corporate development, which includes M&A, investment projects, new business initiatives and strategic partnerships.

Pat is a graduate of Virginia Tech. He is an angel investor and advisor in several startup companies. Pat and his family live in San Antonio, TX.


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  • Vinny

    It is NOT hard to pronounce!  It’s pronounce like it reads …. in Japanese :-D

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