BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, announced a strategic partnership with J.P. Morgan Payments to support the billing needs across its business units.
BillingPlatform’s solution has been “integrated within J.P. Morgan’s ecosystem to more efficiently service J.P. Morgan’s Treasury Services and Trade Finance businesses.”
As part of J.P. Morgan’s broader billing and pricing transformation, the integrated solution aims to expand billing capabilities, “as well as meet increasing market needs.”
Key benefits of this implementation “include enabling flexible billing configurations, workflow automation and strategic integrations to achieve end-to-end processing.”
Jill Jensen, Managing Director of J.P. Morgan Payments Technology, said:
“Our partnership with BillingPlatform provides us with a configurable solution that fits into our broader revenue lifecycle ecosystem to help us meet our complex billing needs, initially for our Treasury Services and Trade Finance business. BillingPlatform will be an integral part of our transformation to streamline the customer experience.”
BillingPlatform serves global customers “across multiple industries, including software, finance, media and entertainment, and communications.”
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.”
The flexibility of the platform puts enterprises “in control of how they differentiate in the market, maximize profitability, reduce operational costs and improve the customer experience.”
As noted in the update, BillingPlatform empowers businesses “with innovative software solutions to optimize revenue generation through every stage of the customer lifecycle, powering growth through operational agility along with a frictionless customer experience.”
Their cloud-based platform is leveraged “by global enterprises to optimize the customer journey from idea to revenue.”
With global customers across multiple industries, including software, finance, media, transportation, and communications, BillingPlatform claims that it “processes billions of transactions and dollars every year, enabling enterprises to grow revenue, reduce costs and improve overall customer experience.”