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BillingPlatform Unveils New Product Innovations and Partner Connectors
Thursday, July 7, 2022
Continued investment in best-in-class security, revenue recognition, payments and financial ecosystem integrations further extend market leadership position
DENVER, June 29, 2022 /PRNewswire/ -- 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 and updated connectors to Salesforce, NetSuite, OneSource, Avalara and other enterprise systems. BillingPlatform continues to invest and extend the capabilities of its product portfolio to accelerate the quote-to-cash process and simplify revenue recognition for enterprises looking to optimize their billing and revenue management processes.
BillingPlatform's latest product innovations include:
-- Configure & Sell: The BillingPlatform CPQ product has been enhanced with
greater rating precision, simplified quotation editing, the ability to
generate renewals and additional flexibility when saving and sending
quotes to customers. With a unified solution for billing and CPQ, these
enhancements help to streamline the quoting process, allowing users to
quickly and easily generate accurate customer quotations and streamline
overall revenue management processes.
-- Bill & Invoice: Key enhancements include the ability to redact the audit
history via API to comply with GDPR and other consumer privacy laws,
localization updates, improved revenue leakage detection and enhanced
approval processing to speed financial close.
-- Pay & Collect: Customers can now embed a payment page hosted by
BillingPlatform to capture credit card and direct debit payments via the
Adyen payment gateway enabling e-commerce billing. This embeddable page
also manages subscribers' stored payment methods, helping customers
significantly lower their PCI compliance burden. In addition,
BillingPlatform has added support for the Stax payment gateway.
-- Recognize & Report: Customers now have more flexibility with configuring
formulas in transaction classification rules, grouping revenue contracts
and viewing summary details of a contract's total revenue value
including total revenue recognition to date, current balance sheet
impact and start/end dates. These enhancements empower enterprise
financial teams with more detailed information at-a-glance.
-- Nurture & Grow: BillingPlatform has added more controls and tools that
alert customers when a modification to the platform has been made and
detail the impact of the change while maintaining performance and
usability. In addition, 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 services and solutions partners as well as key customer wins with CCC Intelligent Solutions Inc. and Neptune Technology Group.
"Compared to even just a year ago, we continue to win much larger deals over longer terms that include multiple of our CPQ, billing, revenue recognition, collections and portal products and services, underscoring our market momentum with global enterprises," said Dennis Wall, BillingPlatform's CEO. "Each quarter, our platform improvements are a result of what our customers need to better manage their billing and revenue management tasks and the entire quote-to-cash cycle."
These platform enhancements come on the heels of recent company news, most notably the announcement that MGI Research positioned BillingPlatform's Automated Revenue Management solution as a Market Leader based on an independent analysis of its product, management, strategy, finances and channels. Additionally, the company released its yearly Trends in Finance 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's Technology Fast 500(TM).
About BillingPlatform, Corp.
BillingPlatform's agile revenue management platform gives innovative enterprises the freedom to effectively monetize and deliver products and services that result in growth and competitive differentiation. Our industry-leading, cloud-based platform adapts to every unique 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 every year, enabling enterprises to grow revenue, reduce costs and improve overall customer experience. To learn more, visit billingplatform.com.
Press Contact:
Abigail Souza
BillingPlatform?
billingplatform@threeringsinc.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/billingplatform-unveils-new-product-innovations-and-partner-connectors-301577199.html
SOURCE BillingPlatform
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