BillingPlatform has achieved a significant milestone by being named a Leader in the 2024 Gartner Magic Quadrant for Recurring Billing Applications. This is the company’s first appearance in the Magic Quadrant, where it excelled in the Ability to Execute category. Notably, BillingPlatform excelled in four out of five use cases in the Gartner Critical Capabilities report, solidifying its reputation in the billing solutions market.
The Gartner Critical Capabilities report evaluated 17 recurring billing applications based on various critical criteria. BillingPlatform received the highest ratings in Complex Usage Billing, Mixed Billing, Enterprise-Grade Billing, and B2C Subscription Billing. This recognition reflects its ability to handle complex monetization strategies effectively.
Rod Christo, Chief Accounting Officer at CCC Intelligent Solutions, praised BillingPlatform’s contributions, stating that the platform allowed greater agility and insights into their business operations. With a remarkable three-year revenue growth rate of 332%, BillingPlatform serves a diverse range of global clients, including renowned names like J.P. Morgan, DIRECTV, and CooperSurgical.
CEO Dennis Wall mentioned that this acknowledgment confirms BillingPlatform’s position as a flexible and extensible solution for the diverse billing needs of enterprises. The platform supports various monetization models, facilitating comprehensive revenue lifecycle management from product setup to payment collections.
The accolades for BillingPlatform continue to accumulate, having earned top positions in other influential reports, including Forrester Research and Ventana Research. It has also made appearances on Deloitte’s Technology Fast 500 list and the Inc. 5000, showcasing its rapid growth and industry impact.
