BillingPlatform has launched a payment processing solution, BP Pay, to remove the complexity of third-party integrations.
BP Pay claims to offer a unified workflow for billing and payment processes, thereby phasing out the traditional “swivel chair” of using multiple systems, the company said.
Go deeper with GlobalData
This integration is intended to facilitate an automated workflow within a single platform, eliminating the need for manual interventions, compliance and external connectors, the company said in a statement.
The solution is now available and has been implemented by several customers, including an insurtech firm.
This provider, which has been utilising BillingPlatform’s revenue lifecycle management solutions for over three years, has implemented BP Pay.
BP Pay is designed to optimise payment processing by removing reliance on external systems, which is expected to reduce downtime and failures.
It offers support from a single vendor, which could streamline the resolution of issues.
The company also promises quicker implementation times and compliance with the payment card industry data security standard (PCI DSS).
Additionally, BP Pay provides unified audit trails, which are intended to improve the reliability and ease of record-keeping.
BillingPlatform CEO Dennis Wall said: “By offering best-in-class payments processing directly into our platform we’re doing more than just simplifying processes, we’re also helping enterprises unlock new levels of business agility and customer satisfaction. BP Pay underscores our vision of providing a complete revenue management solution that adapts to the dynamic needs of modern digital enterprises worldwide.”
Last month, BillingPlatform announced that Quickbase, an AI-powered work management platform, expanded its use of BillingPlatform’s services by activating native revenue recognition functionality to enhance its revenue management processes.
