BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, announced the launch of BP Pay®, its new payment processing solution. Designed to eliminate the complexity of third-party payment integrations, BP Pay empowers businesses to deliver a unified experience for their customers while reducing costs, streamlining operations and maximizing payment efficiency.
By offering seamless interoperability between billing and payments, BP Pay transforms the traditional “swivel chair” process of flipping between different systems and interfaces for relevant data into a single, end-to-end automated workflow in one platform. With BP Pay, businesses no longer need external connectors or manual interventions, enabling faster implementation, centralized compliance and enhanced customer experiences.
BP Pay is available now and already deployed with multiple customers, including a major insurance technology provider. The company has been using BillingPlatform’s full suite of revenue lifecycle management solutions for more than three years and added BP Pay to further accelerate its business growth.
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“BP Pay addresses customer demand for increased revenue and cash visibility and control with a seamless solution that combines billing, invoicing and payment processing in a single platform,” said Igor Stenmark, Managing Director and co-founder of MGI Research. “This type of integrated capability should help organizations remove friction from customer experience and reduce revenue leakage.”
BP Pay addresses critical pain points faced by businesses managing disparate billing and payments solutions, including:
- Optimized Payment Processing: Seamless, native functionality eliminates external systems, reducing downtime and failures.
- End-to-End Automation: Streamlined workflows minimize manual tasks, ensuring smoother operations.
- Enhanced Customer Experience: Reliable performance and single-vendor support enhance satisfaction and simplify issue resolution.
- Business Efficiency: Faster implementation and centralized PCI DSS compliance reduce setup time and regulatory burden. Unified audit trails make record-keeping easier and more reliable.
“By offering best-in-class payments processing directly into our platform we’re doing more than just simplifying processes, we’re also helping enterprises unlock new levels of business agility and customer satisfaction,” said Dennis Wall, BillingPlatform CEO. “BP Pay underscores our vision of providing a complete revenue management solution that adapts to the dynamic needs of modern digital enterprises worldwide.”
Source: PRNewswire