Cloud-based billing and monetization solution provides significant operational efficiency and flexible pricing models for company’s thousands of investment accounting, reporting and analytics customers
DENVER – May 26, 2021 – BillingPlatform, a leading global cloud-based monetization and billing solution provider, today announced an industry-leading SaaS solution for the financial services technology industry has gone live with the company’s BillingCloud solution. Upon a thorough competitive review, the company chose BillingPlatform because of its overall automation capabilities. These capabilities will significantly improve the company’s billing efficiency resulting in significant time savings so the finance team can focus on other business-critical initiatives. In addition, the company will benefit from BillingPlatform’s configurability, user-friendly interface and flexible billing model options.
The company has grown rapidly over the past few years and today finds itself servicing several Fortune 100 companies, including corporate treasuries, insurance companies, investment managers, banks, governments and other institutional investors worldwide. To support its continued growth, the company looked to transform their operation to provide the best possible customer experience, which required a more efficient and accurate solution for executing the entire monetization process. BillingPlatform satisfied these requirements by automating the company’s complex billing needs to offer usage-based pricing models, to handle multi-level fee and SKU hierarchies as well as platform configuration. BillingPlatform also provides key integrations with Salesforce and NetSuite for CRM and ERP support and Avalara Tax to provide accurate data for evolving SaaS tax regulations across different states and countries. In addition, the company is utilizing BillingPlatform’s Revenue Recognition Software.
Since the implementation has been completed, the company has been extremely impressed with BillingPlatform’s technology as it was able to eliminate dozens of legacy systems that had been relied on historically to make the billing process work. The result has been a dramatic reduction in technology overhead and process inefficiencies through the creation of a streamlined end-to-end process that saves time, eliminates errors and creates a frictionless customer experience for its thousands of customers around the globe.
BillingPlatform is the industry’s leading cloud-based software solution that enables financial services technology companies to automate and integrate their entire billing and monetization processes. BillingCloud provides the ability to monetize products and services with any combination of one-time charges, promotional offers, subscription, usage, or dynamic-based pricing. This unparalleled flexibility puts enterprises in control of how they differentiate in the market as well as manage and grow their revenue.
“Adding a new global leader and innovator in the financial services technology segment further demonstrates our continued momentum in this particular market,” said Dennis Wall, CEO at BillingPlatform. “This deployment highlights the importance of our scale, configurability and hybrid pricing model support to address the complexity of the financial services industry.”