PAID, Inc. provides online shipping and tax management tools. AuctionInc Software AuctionInc is a suite of online shipping and tax management tools assisting businesses with e-commerce storefronts, shipping solutions, tax calculation, inventory management, and auction processing. The application is designed originally to reduce overhead costs for auction sales, but over time the functionality and core business is strictly focused on real-time carrier calculated shipping rates and tax calculations. The product does have tools to assist with other aspects of the fulfillment process, but the main purpose of the product is to provide shipping and tax calculations and packaging algorithms that provide customers with the possible shipping and tax solutions. BeerRun Software BeerRun Software is a brewery management and Alcohol and Tobacco Tax and Trade Bureau tax reporting software. Small craft brewers could utilize the product to manage brewery schedules, inventory, packaging, sales and purchasing. Tax reporting could be processed with a single click and is fully customizable by state or providence. The software is designed to integrate with QuickBooks accounting platforms by using its sync engine. The company offers two versions of the software, BeerRun and BeerRun Light, which excludes some of the improved features of BeerRun without disrupting the core functionality of the software. Additional features include Brewpad and Kegmaster and could be added on to the base product. SpiritRun is a product of BeerRun and is designed specifically for distilleries. SpiritRun has the right core resources to be a valuable tool in distilleries around the United States. Business Strategy During 2015, the company’s strategy was to develop its shipping calculator line of products by providing accurate real-time shipping rates for multiple shopping cart platforms available on the Internet. These products are built on the company’s Web service Application Process Interface and are available as a stand-alone product for single sellers or integrators. The business strategy is intended to improve the company’s opportunities in the online e-commerce market. Intellectual Property The company received five patents related to its online auction shipping and tax calculators in January 2008, April 2011, January 2013, August 2013 and January 2014; and it has one additional pending patent. History PAID, Inc. was founded in 1986. The company was incorporated in Delaware in 1995.
paid inc (PAYD:OTC US)
200 Friberg Parkway
Westborough, MA 01581
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