CCC Intelligent Solutions goes live on BillingPlatform

BillingPlatform, the revenue management solution for today’s innovative business models, today announced that CCC Intelligent Solutions Inc. (CCC), a leading SaaS platform for the property and casualty insurance economy, has gone live on BillingPlatform to modernize the company’s billing processes. CCC uses multiple BillingPlatform solutions – BillingCloudCollectionsCloudRevenue Recognition and the Customer Portal – to automate its billing processes, improve operational efficiency and offer customers flexible invoicing models, among many other benefits.

CCC was looking for a robust and scalable solution able to handle complex pricing models, accounts receivable management, customer payments, revenue accounting in accordance with ASC 606And the ability to integrate with its existing technology stack. CCC sought a solution that would streamline client activation and support custom pricing models. It also wanted to manage client amendments and renewals.

“We selected BillingPlatform because it is an enterprise-grade solution that can seamlessly and efficiently support our diverse billing requirements,”  Brian HerbCCC’s Chief Financial Officer is. “BillingPlatform’s functionality, including its ability to defer revenue with automated revenue recognition and scalability, supports operational efficiencies so we can focus on delivering new solutions across our customer base.”

BillingPlatform has global customers in multiple industries including media, communications, transport, media, entertainment and finance. It is the only revenue management software on the market that allows enterprises to monetize any product offering. This includes simple subscriptions as well as sophisticated usage-based pricing models. 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 platform offers unparalleled flexibility, allowing enterprises to determine how they differentiate in their market, maximize profitability and reduce operational costs. It also improves customer experience by enabling them to be more profitable.

“We’re honored to be able to support CCC by providing a platform that will help digitally transform their operations,”  Dennis Wall, CEO at BillingPlatform. “Many of our large enterprise customers have similar challenges with their billing processes in terms of needing a single solution that can provide various capabilities and scale across multiple business units – an area where we excel – and we look forward to helping CCC continue to advance operations.”

This news comes on the heels of BillingPlatform’s recent product innovations, as well as the company’s announcement of MGI Research positioning BillingPlatform as a market leader in automated revenue management based on an independent analysis of its product, management, strategy, finances and channels. In addition, the company won silver in The Best in Biz Awards Enterprise Product of the Year – Financial Software category, recognized as a fast-growing company on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, financial technology and energy technology companies in North America and was ranked No. 1,547 on the 2021 Inc. 5000.

 

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