Insurtech leader, CCC, now
leveraging comprehensive billing and monetization solution
to automate billing processes and improve operational
efficiency
DENVER, April 7, 2022 /PRNewswire/
- 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 – BillingCloud, CollectionsCloud, Revenue
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 606
and the ability to integrate with its existing technology stack.
CCC also sought a solution to streamline client activation, support
custom pricing models and manage client renewals and
amendments.
"We selected BillingPlatform because it is an enterprise-grade
solution that can seamlessly and efficiently support our diverse
billing requirements," said Brian
Herb, Chief Financial Officer at CCC. "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."
With global customers serving multiple industries, including
communications, transportation, media and entertainment, retail,
finance and software, BillingPlatform is the only revenue
management solution on the market that enables enterprises to
monetize 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 monetization
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, maximize profitability, reduce
operational costs and improve the customer experience.
"We're honored to be able to support CCC by providing a platform
that will help digitally transform their operations," said
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. Additionally, the
company was awarded 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.
About BillingPlatform, Corp.
BillingPlatform's agile
revenue management platform gives innovative enterprises the
freedom to effectively monetize and deliver products and services
that result in growth and competitive differentiation. Our
industry-leading, cloud-based platform adapts to every unique
business model and pricing structure. With global customers across
multiple industries, including communications, transportation,
manufacturing, banking, technology, energy, media and software,
BillingPlatform processes billions of transactions and dollars
every year, enabling enterprises to grow revenue, reduce costs and
improve overall customer experience. To learn more, visit
billingplatform.com.
About CCC Intelligent Solutions Inc.
CCC Intelligent
Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions
Holdings Inc. (NYSE: CCCS), is a leading SaaS platform for the
multi-trillion-dollar P&C insurance economy powering operations
for insurers, repairers, automakers, part suppliers, lenders and
more. CCC cloud technology connects more than 30,000 businesses
digitizing mission-critical workflows, commerce and customer
experiences. A trusted leader in AI, IoT, customer experience,
network and workflow management, CCC delivers innovations that keep
people's lives moving forward when it matters most. Learn more
about CCC at www.cccis.com.
Press Contact:
Abigail
Souza
BillingPlatform
billingplatform@threeringsinc.com
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SOURCE BillingPlatform