BillingPlatform introduces new platform innovations
BillingPlatform, the revenue management solution for today’s innovative business models, is introducing the latest product enhancements to its core platform, ranging from new configure, price and quote (CPQ) capabilities to application-level encryption for added security.
With enterprises increasingly looking for a flexible, modern approach to billing and revenue management, BillingPlatform delivers the right combination of secure, scalable platform capabilities with out-of-the-box support for market-leading ERP, CRM, tax and other enterprise applications to reduce total cost of ownership, according to the vendor.
New product capabilities further optimize the entire quote-to-cash process, including:
- Configure and Sell: The addition of , a module that can assist salespeople in creating complex price quotes driven by a rule-based product catalog, modify them as needed, follow existing approval processes and trigger billing directly in the platform.
- Bill and Invoice: Robust invoice management enhancements include further user configurability, management of invoices as they flow through the entire lifecycle, with improvements to the tracking of pricing changes and multi-invoice period accumulations, streamlining estimations.
- Pay and Collect: Customer and Payment Portal enhancements include improvements in administration of managing user roles, the ability to set rules for selecting merchant accounts for payments and UI improvements to ensure the Portal is rendered in a user’s preferred language.
- Recognize and Report: Improved audit capabilities for sandbox and production instances, user entity tracking to help with SOC compliance and a role permissions check when a user is attempting to perform an advanced query.
- Sustain and Grow: System performance improvements and security enhancements including the addition of industry leading Application-Level Encryption (ALE) capabilities, adding another layer of protection to the platform. BillingPlatform also enhanced partner connectors to tax providers Avalara and Thompson Reuters OneSource and enhanced synchronization of fields with NetSuiteand Salesforce, providing more granular execution of jobs. Lastly, users now can select from multiple merchant accounts without tokenizing bank account information with the new Authorize ACH Payment Gateway.
“Last year was defined by an acceleration of opportunities for us, as larger enterprises used the dynamic market conditions of the pandemic to focus on digitally transforming their entire revenue management operations to introduce new business models and automate the quote-to-cash process,” said Dennis Wall, BillingPlatform’s CEO. “These important new platform innovations reflect our close partnership and consultative approach with customers—always listening to what they need to help transform their financial middle office.”
For more information about this news, visit https://billingplatform.com.