BillingPlatform, the enterprise revenue lifecycle management platform for innovative business models, announced it has been named a Leader in the 2024 Gartner® Magic Quadrant™ for Recurring Billing Applicationsi.
In the report, BillingPlatform was positioned as a Leader and Highest in Ability to Execute. The company was also recognized with the highest scores in four of the five use cases in the Critical Capabilities report. This Gartner Critical Capabilities report evaluates 17 recurring billing applications against five use cases. Sales operations leaders should use the ratings in this report to identify a shortlist of vendors for deeper evaluation. The company was recognized with the highest scores in Complex Usage Billing, Mixed Billing, Enterprise Grade Billing and B2C Subscription Billing.
“As we have grown, both organically and inorganically, our monetization strategies have grown increasingly complex – with a mix of one-time charges, recurring charges, and usage-based charges combined with tiered and promotion pricing to the point our various billing solutions were constraining our growth,” said Rod Christo, Chief Accounting Officer at CCC Intelligent Solutions. “BillingPlatform has enabled us to migrate all of our lines of business to their secure, scalable revenue management platform that enables us to manage the business more efficiently, have greater agility, and provide greater insights into our business.”
With a three-year revenue growth rate of 332% and global customers across a range of industries, including J.P. Morgan, InComm, CooperSurgical, DIRECTV, GoCardless and Vantage Towers, BillingPlatform is the only billing and revenue management solution on the market that enables enterprises to monetize any type of product offering, from simple subscriptions to sophisticated usage-based pricing models and everything in between. BillingPlatform provides full revenue lifecycle management support of the monetization process – from product setup, quoting, billing and invoicing, revenue recognition, through payment and collections – all on a secure, next-generation cloud platform. The unparalleled flexibility of the platform puts enterprises in control of how they differentiate in the market, maximize profitability, reduce operational costs and improve the customer experience.
“Being named a Leader and Highest in Ability to Execute in the first-ever Gartner Magic Quadrant for Recurring Billing Applications we believe cements our position in the market as the company with the most flexible and extensible platform to address the complex, mixed billing needs of global enterprises,” said Dennis Wall, CEO of BillingPlatform. “In dynamic business environment, revenue lifecycle management is critical for growth and in our opinion this report is yet another indicator of our modern platform approach and market momentum.”
SOURCE: PRNewswire