Neptune Technology Group selects BillingPlatform for subscription billing and revenue management for its “Smart Water” solutions

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Leading provider of technologies, products and managed services for water utilities
needed a scalable platform as their business rapidly expands into SaaS services

DENVER, May 4, 2022 /PRNewswire/ — Billing platformthe enterprise monetization platform for today’s innovative business models, announced that Neptune Technology Group Inc. chose BillingPlatform for its subscription-based billing capabilities. Neptune is a technology company serving more than 4,000 water utilities across North America with a focus on delivering “Smart Water” solutions, including measurement tools, networks, software and services designed for critical water work.

Founded in 1892, Neptune has continually focused on changing water utility needs, including revenue optimization, operational efficiency and improved customer service. The company is committed to being the most valued partner of utility customers and helping them manage the world’s scarce resources of water, energy, human resources and finance. With employees across North America and a fully integrated manufacturing plant in Talassee, AlabamaNeptune produces millions of water meters and radio terminals every year.

Although historically a manufacturing and distribution company, Neptune quickly innovated in its software and services, including its Neptune® 360™ data management platform. A cloud-based subscription offering, Neptune 360 ​​makes it easier than ever for utilities to collect accurate water metering data to answer customer questions and gain insight and operational control over issues like as potential leaks, overuse and reverse flow. With the introduction of Neptune 360, the company needed to be able to sell subscription-based services and associated terminal software and products through a variety of sales channels combined with a streamlined annual renewal process and user experience. After reviewing all vendors in the market, BillingPlatform emerged as the best solution capable of addressing Neptune’s specific business use cases, seamlessly connecting to its existing ERP, CRM and tax systems, as well as adapt to the growth of the company’s clientele.

“BillingPlatform proved to be the only solution that combined the ability to easily configure and scale the system to meet the evolving needs of Neptune 360, without the time and expense of other solutions needed to customize it,” said Steve Feeney, Vice President of Customer Experience at Neptune. “With a secure and flexible quote-to-cash system in place, we can now focus on growing our services business and our customer base by improving the user experience and providing new data insights and commercial value to water utilities.”

With global customers serving multiple industries including communications, transportation, media and entertainment, retail, finance, and software, BillingPlatform is the only enterprise billing and monetization solution on the market that enables businesses to monetize any type of product offering, from simple subscriptions to sophisticated products. usage-based pricing models and everything in between. BillingPlatform provides full lifecycle support for the monetization process – from product setup, quotes, billing and revenue recognition, to payment and collections – all on a secure cloud platform new generation. The platform’s unparalleled flexibility gives businesses control over how they differentiate in the marketplace, maximize profitability, reduce operational costs, and improve customer experience.

“Neptune is a great example of companies across industries innovating and evolving their business models to combine products and services with subscription and usage-based approaches to better serve customers, achieve new markets and increase their revenues,” said Denis Wall, CEO of BillingPlatform. “Through subscription-based services, Neptune customers will gain valuable new insights into their water infrastructure and customer usage to streamline operations, while our out-of-the-box connectors to Neptune’s ERP, CRM and tax software Neptune will extend these benefits throughout their organization.”

BillingPlatform recently announced that MGI Search positioned BillingPlatform’s automated revenue management solution as a market leader based on independent analysis of its product, management, strategy, financials and channels. The company was also recognized as a silver award winner in the Best in Biz Awards Enterprise Product of the Year – Financial Software category, recognized as a fast growing company on Deloitte Technology Fast 500™, named a winner in the 2021 list of Colorado businesses to watch and listed on the 2021 Inc. 5000.

On 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.

Press contacts:
Abigail Souza
Billing platform
[email protected]

SOURCE billing platform

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