BillingPlatform Named Leader in Recurring Billing Solutions by Forrester Research

BillingPlatform Achieves Recognition in Recurring Billing Solutions

BillingPlatform has made headlines recently as it was named a leader in the Forrester Wave™ Recurring Billing Solutions, Q1 2025 report. This prestigious recognition comes from Forrester Research, one of the prominent global firms in research and advisory. The firm evaluated 13 vendors based on 22 criteria, encompassing two essential categories: Current Offering and Strategy.

In an impressive feat, BillingPlatform earned the highest possible score of 5 out of 5 in 16 of the 22 criteria. This includes critical aspects such as product capability, billing logic, extensibility, usage data, and analytics. The analysis underlines BillingPlatform's extensive investment in innovation, which is noted to be greater than that of its evaluated competitors. Dennis Wall, CEO of BillingPlatform, highlighted the importance of billing technology, emphasizing its role in enhancing business adaptability and driving revenue processes efficiently.

Forrester's detailed evaluation underscored BillingPlatform's strong engineering capabilities and an expanding portfolio of solutions designed to cater to diverse customer needs. The firm remarked, "BillingPlatform is a rapidly growing company that serves a broad range of customers and monetization strategies."

Strategic Strengths and Innovations

BillingPlatform's vision focuses on refining the entire accounts receivable lifecycle, showcasing its ambition to build a range of applications tailored to manage this process effectively. High scores in the strategy categories reflect BillingPlatform's solid vision, innovation roadmap, partner ecosystem, and community adoption initiatives.

Reflecting on the customer experience, users of BillingPlatform appreciate the flexibility it offers for solution configuration without needing professional services, which is an invaluable asset for organizations managing high volumes of usage and billing data.

N-able Technologies, a global leader in IT management software, stands as a proud customer of BillingPlatform. Facing the challenge of consolidating six previous billing systems after multiple acquisitions, N-able turned to BillingPlatform to enhance control and reduce costs. Joel Kemmerer, CIO of N-able, stated, "We standardized our billing and financial processing on BillingPlatform to grow quickly while complying with regulations and maintaining control."

BillingPlatform caters to an elite clientele, including Carrier, DIRECTV, Instacart, J.P. Morgan, Panera, and Vantage Towers. It is recognized as the only cloud-based billing and revenue management solution capable of supporting any monetization model enterprises might employ, thereby providing comprehensive lifecycle support. From the initial setup of products to invoicing, revenue recognition, payments, and collections, BillingPlatform streamlines the entire customer journey.

Continuous Recognition in the Industry

This accolade is not an isolated achievement for BillingPlatform. The company has received several distinctions in recent times, including recognition on Deloitte's Technology Fast 500™ for five consecutive years and being acknowledged on the Inc. 5000 list for outstanding growth. Their continued commitment to innovation has also earned them recognition from SIIA CODiE as the Best Subscription Billing Solution.

The advantages of the BillingPlatform ecosystem empower businesses across various industries – including software, finance, media, transportation, and communications. These sectors leverage the platform's capabilities to process billions of transactions annually, ultimately aiming to improve revenue generation while reducing operational costs and enhancing customer experiences.

In summary, BillingPlatform stands out as a market leader in the recurring billing solution landscape, underscoring its vital role in revenue management. Their commitment to evolving with the industry's demands ensures they remain a trusted partner for enterprises navigating the complexities of modern billing and revenue processes. For further understanding and insights into the recurring billing market, the complete Forrester report can be accessed through BillingPlatform's website.