BillingPlatform, a leader in enterprise revenue lifecycle management, has announced the renewal of its multi-year agreement with Class, Australia's wealth accounting and SMSF administration software. This move underscores the strengthening alliance between two innovative players in the field of financial technology.

Since July 2021, when Class first adopted BillingPlatform, there has been a noteworthy transformation in their operations. Class has successfully automated and accelerated billing processes for its comprehensive suite, including Class Super, Class Trust, and Class Portfolio. This collaboration not only demonstrates the efficacy of BillingPlatform's solutions but also highlights Class's commitment to leveraging cutting-edge technology to enhance its services.

Dennis Wall, CEO of BillingPlatform, expressed his enthusiasm about the partnership, stating, “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.” Wall's words reflect the significant impact of this collaboration in facilitating seamless financial operations for a vast network of professionals.

The next phase of this partnership is poised to introduce even more advancements. BillingPlatform is set to enable NowInfinity users to make in-app credit card payments for on-demand transactions, adding a layer of convenience and flexibility for users. Additionally, the platform's extensive API integrations offer Class's finance and executive teams enriched reporting capabilities. This feature allows the integration of revenue and usage data from various enterprise systems like Netsuite and Salesforce, enabling more insightful business analysis.

Damien Smith, General Manager of Finance at Class, highlighted the tangible benefits of this partnership, saying, “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.” Smith's statement underscores the operational improvements that BillingPlatform has facilitated, enhancing efficiency and accuracy in financial reporting.

BillingPlatform's innovative approach to billing and revenue management has garnered widespread recognition. It has been acclaimed as a leader in various industry reports and has received numerous accolades over the past year. This includes top ratings in Forrester Research's “The Forrester Wave™: SaaS Recurring Billing Solutions, Q1 2023,” and high rankings in the MGI 360™ Ratings Report for Agile Billing. The company's prowess in the field is further evidenced by its inclusion in Deloitte’s Technology Fast 500™ for four consecutive years, among other prestigious awards.