Continued investment in best-in-class security, revenue recognition, payments and financial ecosystem integrations further strengthen market leadership position
COMPANY NEWS: BillingPlatform, the revenue management solution for today’s innovative business models, announced its latest platform and product innovations, including hosted payment pages as well as new connectors and updated to Salesforce, NetSuite, OneSource, Avalara and other enterprise systems. BillingPlatform continues to invest and expand the capabilities of its product portfolio to accelerate the quote-to-pay process and simplify revenue recognition for companies looking to optimize their billing and revenue management processes.
BillingPlatform’s latest product innovations include:
Configure and sell: The BillingPlatform CPQ product has been enhanced with greater pricing accuracy, simplified quote editing, the ability to generate renewals, and additional flexibility when saving and sending quotes to customers. With a unified solution for invoicing and CPQ, these enhancements help streamline the quote process, allowing users to quickly and easily generate accurate customer quotes and streamline overall revenue management processes.
Invoice & Invoice: Key enhancements include the ability to delete audit history through the API to comply with GDPR and other consumer privacy laws, location updates, better revenue leak detection, and Improved approval processing to speed up financial close.
Pay and collect: Customers can now integrate a payment page hosted by BillingPlatform to capture credit card and direct debit payments through the Adyen payment gateway enabling e-commerce invoicing. This embeddable page also manages subscribers’ stored payment methods, helping customers significantly reduce their PCI compliance burden. Additionally, BillingPlatform has added support for the Stax payment gateway.
Recognize and report: Customers now have greater flexibility by configuring formulas in transaction classification rules, grouping revenue contracts, and viewing summary details of a contract’s total revenue value, including revenue recognition. total revenues to date, impact on current balance sheet and start/end dates. These enhancements give corporate finance teams more detailed information at a glance.
Feed and grow: BillingPlatform has added more controls and tools that alert customers when a platform change has been made and detail the impact of the change while maintaining performance and usability. Additionally, BillingPlatform has enhanced several partner connectors, including Salesforce, NetSuite, OneSource, Avalara, and ATOS.
The platform enhancements complement BillingPlatform’s recent expansion through its global ecosystem of service and solution partners, as well as major customer wins with CCC Intelligent Solutions and Neptune Technology Group.
“Compared to just a year ago, we continue to win significantly larger contracts over longer terms that include many of our CPQ, billing, revenue recognition, collections and portal products and services, underscoring our growth momentum. market with global companies,” said Dennis Wall. , CEO of BillingPlatform. “Each quarter, improvements to our platform are the result of what our customers need to better manage their billing and revenue management tasks and the entire quote-to-pay cycle.”
These platform enhancements follow recent company news, including the announcement that MGI Research has positioned BillingPlatform’s automated revenue management solution as a market leader based on independent analysis of its product, management, strategy, finances and channels. In addition, the company published its annual report Financial trends survey and was recognized as a silver award winner in the Best in Biz Awards Enterprise Product of the Year – Financial Software category and a fast growing company on Deloitte Technology Fast 500™.
About BillingPlatform, Corp.
BillingPlatform’s agile revenue management platform gives innovative companies the freedom to monetize and efficiently deliver products and services that result in growth and competitive differentiation. Our industry-leading, cloud-based platform adapts to every business model and pricing structure. With global customers across multiple industries including communications, transportation, manufacturing, banking, technology, energy, media and software, BillingPlatform processes billions of transactions and dollars each year, enabling businesses to increase revenues, reduce costs and improve the overall customer experience. To learn more, visit billingplatform.com.
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