Company Surpasses Revenue, Growth, and Analyst Goals Laying Foundation for Continued 2019 Expansion
DENVER, Feb. 13, 2019 /PRNewswire/ — Leading global cloud-based monetization and billing solution provider, BillingPlatform, today announced its 2018 Year in Review and 2019 Growth Strategy. Dennis Wall, BillingPlatform CEO, detailed key accomplishments for 2018 and outlined goals for continued growth in 2019.
BillingPlatform is being implemented by global enterprises looking to embrace digital transformation. It is the only monetization and billing solution that gives organizations the power to support the entire financial process from product concept to invoice – adapting to every unique business model and pricing structure. BillingPlatform customers see revenue and margin growth, increased speed to market, reduced costs, and positive impact to the customer experience, all of which are driving dramatic revenue growth and 100% customer retention for the company.
Continued Growth Path
Dennis Wall joined BillingPlatform in January 2017 as CEO. In 2017 the company doubled in size, and set their sights on a similar trajectory in 2018 – to again double both revenue and headcount. An additional objective was to build the leadership team to drive scale and growth. During 2018, the company hired leaders of key business functions including sales, marketing, finance, and professional services. As Dennis pointed out, “Not only were we able to accomplish our growth and revenue goals in both 2017 and 2018, but we now have a great foundation and leadership team to scale each critical function into the future.”
Customer Expansion and Retention
Since the company was founded, BillingPlatform has maintained a 0% churn rate, a clear testament to the company’s focus on customer success. Additionally, 2018 saw the launch of version 8 of the BillingPlatform service, which brought added functionality and tools to easily manage the complex billing models and seamless integration requirements seen by enterprises. BillingPlatform exceeded new customer acquisition goals, adding enterprise customers in software, IT services, communications, transportation, and retail. Dennis added, “Today’s enterprise realizes that pricing is a competitive differentiator, and customers demand pricing options that more closely align with their perception of value. Agility around monetization is no longer a ‘nice-to-have,’ but a strategic requirement for companies that want to lead their respective markets.”
Elevated Market Presence
A critical goal for BillingPlatform in 2018 was to establish a platform to share their unique point of view and thought leadership. Starting with inclusion in the 2017 Forrester WaveTM: Recurring Customer and Billing Management, Q3 2017 report, BillingPlatform earned recognition from numerous analyst firms including :
- Gartner – BillingPlatform was included in Gartner’s 2018 Competitive Landscape Report: Cloud Subscription and Recurring Billing Management, North America
- MGI Research – MGI raised BillingPlatform’s rating in their MGI 360 Market Ratings Report for Agile Billing Solutions
- Constellation Research – BillingPlatform was named to the Constellation ShortListTM Smart Services Digital Monetization Platforms
- MachNation – BillingPlatform was included in the MachNation IoT Monetization ScoreCard as one of the IoT vendors that offers monetization capabilities to help enterprises and service providers support new IoT-based smart services.
“It is exciting to see analysts and the markets they cover sharing our belief that now is the time for operational agility in billing and monetization,” shared Dennis.
Goals and Milestones for 2019
“We will continue to drive innovation in our solution, build on our leadership position, and expand on our core competencies, especially our customer insight and development expertise,” said Dennis. “We are aggressively growing our channels and alliances, enlarging our functional teams, and expanding our footprint to help enterprises make even the most complex billing and pricing models simple to monetize.”
About BillingPlatform, Corp.
BillingPlatform’s monetization and billing software solution transforms enterprises to embrace and succeed in the digital economy. This dynamic, cloud-based platform adapts to every unique business model and pricing structure. BillingPlatform provides the most agile and complete solution available including CPQ, billing, revenue recognition, reporting, and other critical financial functions. With global customers across multiple industries including communication, transportation, technology, utilities, and media, BillingPlatform processes billions of transactions and billions of dollars every year enabling enterprises to grow revenue, reduce costs, and improve overall customer experience. To learn more visit billingplatform.com