Company Placed Highest in Ability to Execute
and Received the Highest Scores in Four of Five Use Cases in the
Critical Capabilities report
DENVER , Aug. 9, 2024
/PRNewswire/ -- BillingPlatform, the enterprise revenue lifecycle
management platform for today's innovative business models, today
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 today's 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."
BillingPlatform has earned many recent accolades, including
being recognized as the Leader in Forrester Research's "The
Forrester Wave™: SaaS Recurring Billing Solutions," being
evaluated with the highest overall rating in the MGI 360™ Ratings
Report for Agile Billing, ranked as the Overall Leader and an
"Exemplary Vendor" in Ventana Research's Subscription Management
Value Index report, named to Constellation Research's
Smart Services Digital Monetization ShortList™, positioned as an
Automated Revenue Management Market Leader by MGI
Research, named a leader in the IDC MarketScape: Worldwide
Enterprise-Focused Subscription and Usage Management Applications
Vendor Assessment and positioned as the leader in Quadrant
Knowledge Solutions SPARK Matrix™ Report for Subscription and
Billing Management. The company was also recognized for a fourth
year in a row as a fast-growing company on Deloitte's Technology
Fast 500™, honored by Best in Biz Awards for its fourth consecutive
year, listed on the Inc. 5000 and recognized by SIIA as the Best
Subscription Billing Solution in the CODiE Awards.
A complimentary copy of the 2024 Gartner® Magic
Quadrant™ for Recurring Billing Applications report is
available for download from BillingPlatform.
Disclaimer
Gartner, Inc. Magic Quadrant for
Recurring Billing Applications. Mark
Lewis, Robert Anderson.
6 August 2024.
Gartner, Inc. Critical Capabilities for Recurring Billing
Applications. Mark Lewis,
Robert Anderson. 7 August 2024.
GARTNER is a registered trademark and service mark of
Gartner, Inc. and/or its affiliates in the U.S. and
internationally and is used herein with permission. All rights
reserved. Magic Quadrant is a registered trademark of Gartner, Inc.
and/or its affiliates and is used herein with permission. All
rights reserved.
Gartner does not endorse any vendor, product or service depicted
in its research publications, and does not advise technology users
to select only those vendors with the highest ratings or other
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of Gartner's research organization and should not be construed as
statements of fact. Gartner disclaims all warranties, expressed or
implied, with respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
About BillingPlatform, Corp.
BillingPlatform empowers
businesses with innovative software solutions to optimize revenue
generation through every stage of the customer lifecycle, powering
growth through operational agility along with a frictionless
customer experience. Our industry-leading, cloud-based
platform is leveraged by global enterprises to optimize the
customer journey from idea to revenue. With global customers across
multiple industries, including software, finance, media,
transportation, and communications, 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:
Doug Broad
BillingPlatform
billingplatform@threeringsinc.com
i Gartner, Inc., Magic Quadrant for Recurring Billing
Applications, Mark Lewis,
Robert Anderson, 6 August 2024
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