Platform.sh chooses BillingPlatform to boost its enterprise revenue lifecycle management

BillingPlatform, the enterprise revenue lifecycle management platform, announced that Platform.sh, a leading Cloud Application Platform, selected its Billing and Revenue Recognition solutions to automate and scale revenue management for both enterprise and self-service customers.

Adopted by over 7,000 organizations worldwide across industries such as consumer goods, media and entertainment, higher education, government, ecommerce and other industries, Platform.sh is a unified, secure, enterprise-grade Cloud Application Platform.

Available in Europe, North America, and APAC, it partners globally with leading open-source providers and major cloud providers, including AWS, Google Cloud, Azure, and OVHcloud.

Through its enterprise-grade PaaS or the new Upsun service, Platform.sh simplifies cloud development, enabling developers to transform code into robust, production-ready cloud applications with seamless collaboration throughout the entire software delivery lifecycle, the company said.

A decade old with significant customizations built on top of it, Platform.sh’s legacy billing solution was increasingly difficult to maintain and prevented the fast-growing cloud infrastructure company from scaling its revenue management in line with its business. In addition, the launch of its Upsun service added a new self-service, usage-based model to its existing enterprise subscriptions putting new requirements on its billing needs.

“As experts in cloud application infrastructure, we recognized our existing billing system could not scale and adjust to the needs of our rapidly expanding business—a hybrid mix of subscription and very granular usage-based billing at high volumes,” said Maurice Roberts, director, FP&A at Platform.sh. “In our review of vendors, BillingPlatform was the only solution that combined an extensible data model we can configure to our needs with the ability to bill down to a second in time to ensure we’re billing customers for exactly what they used.”

With global customers serving multiple industries, including software, finance, media and entertainment, and communications, BillingPlatform allows enterprises to monetize any type of product offering, from simple subscriptions to sophisticated usage-based pricing models and everything in between, according to the vendor.

BillingPlatform provides full lifecycle support of the monetization process—from product setup, quoting, billing and invoicing, revenue recognition, through payment and collections—all on a secure, next-generation cloud platform.

“As a developer-centric, full-stack cloud application platform, Plaform.sh’s mission is to help application teams build, iterate and scale cloud applications without having to waste time thinking about or managing the underlying infrastructure,” said Dennis Wall, BillingPlatform CEO. “This deal highlights our unique ability to support billing for on-demand, usage-based services that can be seamlessly calculated and presented to Platform.sh’s end customers through a portal, giving them a level of trust and transparency that they are being billed for exactly what they used.”

For more information about this news, visit https://billingplatform.com.