NetRoadshow leverages BillingPlatform to power usage-based billing processes
Best-in-class billing and monetization platform seamlessly integrated with NetSuite provides a scalable solution to deliver flexible pricing models to the global investment banking community
DENVER, July 20, 2022 /PRNewswire/ — Billing platform, the enterprise monetization platform for today’s innovative business models, today announced that NetRoadshow, a leading provider of internet roadshows to the global investment banking community, has chose BillingPlatform as the billing provider of choice. NetRoadshow will use BillingPlatform to process real-time customer usage data to provide accurate and timely billing to customers, as well as streamline overall revenue operations. NetRoadshow will leverage BillingPlatform’s NetSuite connector to pass data bi-directionally with its enterprise resource planning (ERP) software to manage customer accounts and revenue recognition.
Founded in 1997, NetRoadshow is the trusted name in providing U.S. Securities and Exchange Commission (SEC) compliant online solutions for the global investment banking community. NetRoadshow’s exclusive online roadshow offering, data room services and secure document distribution system provide its investment banking clients with cost effective solutions to reach a wider audience of potential investors. The company has hosted tens of thousands of equity and debt market transactions, including 98% of IPOs globally, and has become the primary electronic reporting platform for all major banking jurisdictions in the Americas, EuropeThe Middle East, Africa and Asia Pacific.
Although NetRoadshow has always been used to complement in-person investor roadshows, the past year has seen a significant increase in global demand for secure online services and virtual program support. Based on this increased demand, NetRoadshow needed a better way to automate the processing of billing data from its electronic roadshow platform with its conference call data. The company also needed flexibility in pricing for its customers, including the use of formula-based pricing (the dynamic pricing of products based on multiple conditions or attributes) and a faster way to calculate invoices. to meet customer service level agreements. By moving to BillingPlatform, NetRoadshow will be able to automate its entire revenue generation process, which will help ensure billing accuracy and provide support for custom pricing models. Additionally, with the NetSuite connector, NetRoadshow will be able to connect its conference call system recordings with NetRoadshow’s base billings to provide two-way data flow to expedite billing.
“Because every investment bank tracks data differently, we needed a solution that was flexible enough to support the specific billing requirements we have for each of our clients, and BillingPlatform solves this difficult challenge for us,” said cheryl droust, Chief Financial Officer at NetRoadshow. “The integration with NetSuite is also essential as it allows us to extend our ERP investment by completely automating our end-to-end invoicing process, allowing us to reduce error rates, send invoices faster and helps us easily scale the business as we continue to grow.”
BillingPlatform offers industry-leading cloud software solutions that enable investment banks and fintech companies like NetRoadshow to automate and integrate their entire billing and monetization processes through an innovative and flexible architecture. BillingCloud offers the ability to monetize products and services with any combination of one-time fees, promotional offers, subscription, usage, or dynamic pricing.
“NetRoadshow is leading the way in compliant online communications tools and services for the financial services industry, and we are excited to help the company streamline its revenue operations, grow its business and better serve its investment banking clients,” said Denis Wall, CEO of BillingPlatform. “The selection also highlights the effectiveness of our solutions in solving the complex needs of financial services companies by automating the entire invoicing process, from quote to collection.”
About BillingPlatform, Corp.
BillingPlatform’s Enterprise Monetization Platform gives innovative companies the freedom to effectively monetize products and services that result in growth and competitive differentiation. Our industry-leading, cloud-based platform adapts to every 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 each year, enabling businesses to increase revenues, reduce costs and improve the overall customer experience. To learn more, visit billingplatform.com.
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