BillingPlatform – Market Leader in Cloud-Based Revenue Management Solutions

The Silicon Review

Successful businesses include revenue management in operations management to ensure maximum profits. This helps not only maximize existing revenue streams, but can also help identify new sources of revenue. Industries with high fixed costs must cover those expenses no matter how lean the companies within the market make themselves. Revenue management employs a revenue optimization methodology that helps companies in certain industries exploit their industry’s characteristics to drive additional revenue and higher profitability. Revenue management leads to innovation – in both the creation of new products and services and their pricing. This innovation leads to increases in revenue from sources companies may not have previously explored.

BillingPlatform is one such agile, cloud-based monetization platform that automates quote-to-cash processes, with a concentration on billing. BillingPlatform’s flexible platform allows companies to monetize any offering, integrate seamlessly with any system, and create a frictionless experience that turns value into revenue. It offers millions of transactions, billions of dollars in revenue, and the ability to support any kind of billing model. The company's solution suite enables companies to drive revenue growth and operational efficiency - all achieved through configuration vs. code. BillingPlatform powers the Consumption Economy.

Leveraging State-Of-The-Art Architecture to Optimize Revenue Management for any Business

Extensible Data Model: Designed for market agility, the extensible billing data model enables enterprises to configure the solution to meet their exact business requirements without IT intervention. Add custom fields, adjust the layout of the UI and add widgets, all with point & click configuration. BillingPlatform is the only solution on the market that puts the power of change in the hands of the business user with no-code, point & click configurability. With this metadata-based architecture, BillingPlatform can be easily configured to create robust product offerings, business rules, workflow, reports, dashboards, rating, invoicing, APIs and formulas to accommodate the specific needs of any enterprise. This flexibility allows companies to quickly modify the application and data structure to respond to market or regulatory changes, saving time and cost.

Billing Automation: It's more important than ever to automate business processes to address the intricacies of today’s enterprise operations. Whether it's managing complex, multi-year contracts or converting manual processes, BillingPlatform provides built-in workflows for billing automation to streamline the financial close process, reduce errors and maximize efficiency. BillingPlatform is designed to execute billing processes at scale, so that finance teams can maximize productivity. Their workflow engine is fully integrated with every aspect of the application so that you can set up and orchestrate billing automation workflows involving multiple steps with simple point-and-click interface. Your business gets maximum productivity and minimizes manual activity. With workflow capabilities built-in, you can automate any process with ease and efficiency. The company offers common automation tasks to satisfy most business scenarios, and finance teams can configure tailored workflows based on any element within the platform satisfying specific requirements.

Revenue Recognition Software: Automate revenue management and reduce errors with a single solution to manage the complete quote-to-cash and revenue recognition processes. With intelligent revenue recognition software, streamline revenue management to allocate, reconcile, monitor and recognize revenue for any pricing model, billing approach or promotional offer while staying compliant with ASC 606 & IFRS 15. Manage transaction complexity and deliver true real-time revenue management with combined billing and revenue recognition in a single solution. Manage revenue contracts, and automatically calculate revenue allocated to performance obligations based on standalone selling price. Revenue Recognition offers rule-based revenue scheduling, giving finance teams the flexibility to automatically allocate transactions to specific GL accounts then specify how and when revenue will be recognized. Align Revenue Recognition with your enterprise’s broader business strategy by creating custom revenue schedules and automate recognition of the most complex transactions.

CPQ: Simplify operations using a single platform that unifies your data to configure, price, quote, bill and manage all your revenue. As part of its unified quote-to-cash platform, BillingPlatform CPQ helps B2B organizations offer a fast, seamless experience configuring and buying products and services customized to their buyer's needs. BillingPlatform provides a single source of the truth with a unified product catalog and price book to eliminate duplicate data entry. With the rule-based configuration engine, ensure quotes and proposals are accurate and actionable to streamline the approval process. It quickly and accurately captures customer needs and translates them into high-quality sales proposals. With BillingPlatform, there is no need to integrate different products or reconcile data across systems. The company provides a single solution to configure, price, quote, bill, invoice and recognize your revenue.

The Visionary Leader Upfront

Dennis Wall serves as the Chief Executive Officer of BillingPlatform. Previously he was the founder of Cloud Sherpas – a leading cloud technology and advisory services firm. From its early self-funded growth, through strategic investment, multiple acquisitions, global expansion, and triple-digit revenue growth year-over-year, the company was acquired by Accenture in 2015. Prior to Cloud Sherpas, Dennis was the co-founder of OKERE, a global cloud services provider that was acquired by Fujitsu in 2007.

Dennis brings more than 20 years of experience enabling companies from mid-market to Global 100 realize transformational change through innovative software and services solutions.