BillingPlatform has announced a variety of new enhancements and developments, which look to accelerate the quote-to-cash process further and simplify revenue recognition for enterprises looking to optimise billing and revenue management.
Some of the new developments inlude hosted payment pages, and new and updated connectors to Salesforce, NetSuite, OneSource, Avalara and other enterprise systems. The company says that this is part of continued investment in extending the capabilities of its product portfolio to accelerate growth.
"Compared to even just a year ago, we continue to win much larger deals over longer terms that include multiple of our CPQ, billing, revenue recognition, collections and portal products and services, underscoring our market momentum with global enterprises," says BillingPlatform CEO Dennis Hall.
"Each quarter, our platform improvements are a result of what our customers need to better manage their billing and revenue management tasks and the entire quote-to-cash cycle."
As part of the latest product innovations, the BillingPlatform CPQ product has been enhanced with greater rating precision, simplified quotation editing, the ability to generate renewals and additional flexibility when saving and sending quotes to customers. This is said to further help streamline the quoting process, allowing users to generate accurate customer quotations and streamline overall revenue management processes.
Key enhancements have also been made that give customers the ability to redact audit history via API to comply with GDPR and other consumer privacy laws. There are also localisation updates, improved revenue leakage detection and enhanced approval processing to speed financial close.
A payment page hosted by BillingPlatform will be able to capture credit card and direct debit payments via the Adyen payment gateway enabling e-commerce billing as well. This embeddable page can also manage subscribers' stored payment methods, helping customers significantly lower their PCI compliance burden. There will also be added support for the Stax payment gateway.
BillingPlatform customers will also have greater capabilities, with more controls and tools that can alert customers when a modification to the platform has been made. There is also the aforementioned enhancement of several partner connectors including Salesforce, NetSuite, OneSource, Avalara and ATOS.
These platform enhancements come at a time of significant growth for the company. MGI Research recently positioned BillingPlatforms Automated Revenue Management solution as a Market Leader based on an independent analysis of its product, management, strategy, finances and channels. They were also recognised as a silver award winner in the Best in Biz Awards Enterprise Product of the Year Financial Software category.