Company: Three Rings Inc.
Nomination Submitted by: Three Rings Inc.
Company Description: TRI is a boutique PR and marketing agency that focuses on promoting B2B high-tech companies.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Computer Software - Medium
 Nomination Title: BillingPlatform
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2023, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 173 words used.
Founded in 2012, BillingPlatform was envisioned and designed to deliver market leading, cloud-based enterprise billing solutions. With backgrounds in telecommunications and cloud-based platforms, the founders had seen the complexity associated with billing and other middle office functions. At the time, the only systems available to handle high volumes of data were strictly on-premise. Additionally, companies were looking to differentiate from the competition by offering customers advanced subscription models, consumption-based models, recurring revenue models and hybrid models, making billing processes more complex. The goal was to develop software that allowed enterprises to introduce new products and pricing models through configuration versus lengthy and costly custom development efforts.
That idea has evolved into today’s BillingPlatform, an enterprise-grade billing and revenue management platform that supports the customer journey from quote-to-cash, including order management, subscription and usage billing, invoicing, revenue recognition, collections, and customer portals. BillingPlatform offers cloud-based billing software with a highly configurable, agile monetization platform that supports enterprise-level scale with extreme agility around diverse configurations to fit highly variant business models, all in the cloud.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2023 that you wish to bring to the judges' attention (up to 250 words):
Total 245 words used.
BillingPlatform is at the forefront of innovation in the industry. The open, configurable architecture and AI-powered tools provide customers with unparalleled flexibility and capabilities. By leveraging advanced technologies, BillingPlatform is delivering solutions that are not only unique but also transformative.
BillingPlatform’s commitment to innovation is backed by a fully funded R&D program that invests in ongoing research and development to ensure the platform remains ahead of the curve. By combining customer feedback and a platform approach, BillingPlatform is well-positioned to deliver the innovative solutions of tomorrow.
Over the past year specifically, BillingPlatform processed and delivered >40% more invoices, grew application users by more than 60%, and grew revenue under management by over 250%.
Due to its success, in early 2024, BillingPlatform secured over $100 million in funding to accelerate innovation, product development, and go-to-market expansion, quickening the company’s growth over the last year, as BillingPlatform saw its enterprise customer base increase 25% and its revenue grow 31%.
These innovations and customer momentum have led to recognition by industry leaders for its success and achievements. BillingPlatform was the #1 rated vendor and a top leader in several industry reports.
- Leader in The Forrester Wave™: Recurring Billing Solutions, Q1 2025
- Leader in the 2024 Gartner® Magic Quadrant for Recurring Billing Applications
- Leader in the SPARK Matrix™: Subscription & SaaS Billing Management Applications, Q4 2024
- Highest overall rating in MGI’s 360™ Ratings Report for Agile Billing
- Overall Leader in Ventana Research’s 2023 Subscription Management Value Index report
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 227 words used.
BillingPlatform is the single platform enterprises leverage to optimize the customer journey from idea to revenue. While "Billing" was the first product brought to market on our platform, as recurring revenue models become the standard, and sales channels proliferate and become increasingly more digital, there is a need for a single platform to support the entire revenue lifecycle. This is why BillingPlatform created the term and category "Revenue Lifecycle Management."
This vision is clearly articulated and highly differentiated as we pioneered the concept of "Revenue Lifecycle Management." Competitors frequently copy our marketing messaging and imagery.
As many of our competitors have embraced the category, it seems to have had a meaningful impact on the direction of the market. We believe our platform-first approach is significantly differentiated from those in our category by giving enterprises a greater level of flexibility in not only the business models we support, but also the breadth of our offerings.
In addition, BillingPlatform continues to be the market leader based on the review and reporting from the analyst community covering the space. As of February 2025, BillingPlatform was again named the leader for Recurring Billing Solutions in the Forrester Wave and received the highest possible scores in 16 of the 22 criteria reviewed. BillingPlatform is the only billing solution to be named a Leader in the last two Forrester Wave reports.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 18 words used.
Supporting materials include the website, product pages, press releases and analyst reports that further support the text above.
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