Revenue lifecycle management platform BillingPlatform renews multi-year agreement with Class

BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, have announced that it has renewed its multi-year agreement with leading Australian cloud-based wealth accounting and SMSF administration software provider Class.

“More than 6,000 accounting and administration firms rely on Class’s market leading wealth management solutions, and we are extremely proud to be a critical component enabling Class to deliver a frictionless customer experience,” said Dennis Wall, BillingPlatform CEO. “This contract extension really speaks to the strong partnership we’ve built with Class, and we’re honoured to support them as they expand across all of Class’s business units and other HUB24 subsidiaries.”

Since implementing BillingPlatform in July of 2021, Class has been able to automate and accelerate the billing for its Class Super, Class Trust and Class Portfolio suite of solutions. During the next phase of the rollout, BillingPlatform will also enable NowInfinity users the flexibility of in-app credit card payments for on-demand transactions for key documents. In addition, BillingPlatform’s extensive API integrations gives Class’s finance and executive teams the ability to enrich reports coming from Netsuite, Salesforce or other enterprise systems with revenue and usage data for more insightful business analysis.

“Much more than just a key part of our financial tech stack, BillingPlatform is a true partner in supporting our business as we continue to focus on customer experience and deliver market-leading solutions to accountants, auditors and SMSF administrators,” said Damien Smith, General Manager – Finance at Class. “We’ve been able to implement a range of efficiencies such as reducing our end of month revenue closing times by giving our finance team the capabilities and data required to automate the generation and delivery of customer invoices.”

With global customers serving multiple industries, including software, finance, media and entertainment and communications, BillingPlatform is the only billing and revenue management solution on the market that enables enterprises to monetise any type of product offering, from simple subscriptions to sophisticated usage-based pricing models and everything in between. BillingPlatform provides full lifecycle support of the monetisation process – from product setup, quoting, billing and invoicing, revenue recognition, through payment and collections – all on a secure, next-generation cloud platform. The unparalleled flexibility of the platform puts enterprises in control of how they differentiate in the market, maximise profitability, reduce operational costs and improve the customer experience.