Global revenue lifecycle management leader attributes 296% revenue growth to large enterprise clients, partner momentum and unprecedented industry recognition
DENVER – November 8, 2023 – BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, today announced it was listed for the fourth consecutive year on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 29th year. BillingPlatform grew 296% during this period.
BillingPlatform’s CEO, Dennis Wall, credits large enterprise customer wins, an expanded partner program and unprecedented industry analyst recognition as key drivers of the company’s 296% revenue growth. “It’s an honor to be recognized by Deloitte as a Fast-Growing company for four years in a row. Since 2019, we’ve nearly doubled our bookings, enhanced our referral business by 40%, won numerous industry awards and been named the #1 vendor in our market in multiple industry analyst reports – all reflecting the company’s innovative technology and customer momentum,” Wall said.
BillingPlatform recently announced a significant customer win with J.P. Morgan, further validating that the company has an innovative solution that supports enterprise complexity and security across industries and up to even the largest multinational corporations. The company also works with other major customers like DirecTV, Tipalti, Cloudera, GoCardless, InComm and Bill.com, among others. BillingPlatform provides full lifecycle support of the monetization process – from product setup, quoting, order management and servicing, 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.
“Each year we look forward to reviewing the progress and innovations of our Technology Fast 500 winners. This year is especially celebratory as we expand the number of winners to better represent just how many companies are developing new ideas to progress our society and the world, especially during a slow economy,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “While software and services and life sciences continue to dominate the top 10, we are encouraged to see other categories making their mark. Congratulations to all the winners who show us how creativity, hard work and perseverance can lead to success.”
“As for growing companies, it’s always rewarding to be recognized for the ongoing commitment it takes to navigate obstacles, transform when necessary and ultimately create a thriving business,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Over the nearly 30 years we’ve been compiling the Technology Fast 500, we’ve seen new categories emerge, growth rates explode and certain regional markets shine from the bright talent they attract. We are proud of all the winners for achieving this well-deserved honor.”
BillingPlatform has earned many accolades this past year, including being recognized as the Leader in Forrester Research’s “The Forrester Wave™: SaaS Recurring Billing Solutions, Q1 2023,” 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 2023 Subscription Management Value Index report, named to Constellation Research’s Smart Services Digital Monetization ShortList™ for 2023, positioned as an Automated Revenue Management Market Leader by MGI Research and named a leader in the IDC MarketScape: Worldwide Enterprise-Focused Subscription and Usage Management Applications 2022 Vendor Assessment. The company was also honored by Best in Biz Awards for its third consecutive year, listed on the 2023 Inc. 5000 and recognized by SIIA as the Best Subscription Billing Solution in the 2023 CODiE Awards.
About the 2023 Deloitte Technology Fast 500
Now in its 29th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2019 to 2022.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
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.