NEWS:  RecVue raises $13M Series A round. To scale revenue under management from $36B to $150B. Read More

News

RecVue Recognized in the 2022 Gartner® Market Guide for Subscription and Recurring Billing Management Solutions

June 7, 2022

Recognized as a Representative Vendor in Gartner Report on the SRBM Solutions

PALO ALTO, Calif.—June 8, 2022–RecVue today announced its inclusion among Representative Vendors in the 2022 Gartner Market Guide for Subscription and Recurring Billing Management¹ (SRBM).

The latest Gartner Market Guide for SRBM outlines an updated market definition and description, market direction and analysis, and recommendations for enterprises looking to invest in SRBM. Key research findings to come out include recommendations to “choose a recurring billing solution with a modern, flexible, scalable cloud architecture” and “ensure that the chosen application will satisfy future requirements as the company’s recurring revenue business grows and becomes more complex.”

We believe this recognition continues RecVue’s momentum fostered by the company’s recent launch of RecVue Agile Monetization Platform (RAMP360), reflecting its commitment to accelerating growth and profitability for large enterprises by maximizing flexibility, agility and high-volume capabilities for speedy and scalable results. That product announcement came on the heels of RecVue’s recent report of a 250% increase in recurring revenue for fiscal Q1 over the previous quarter.

“We are proud to not only be among this list, but we also consider ourselves the fastest growing of the Representative Vendors in this Gartner Market Guide for Subscription and Recurring Billing Management,” said Nishant Nair, RecVue’s Founder and CEO. “We believe that this recognition validates our mission to power large enterprises toward true growth, increased profits and modern, digital-first solutions through automation and innovation.”

This is the second time RecVue has been named a Representative Vendor in this Gartner Market Guide. 

RAMP360, a complete, industry-specific suite of applications and the only solution to automate billing & invoicing, revenue recognition and partner compensation on a single unified platform delivers clear benefits for such large enterprise customers as WWT, ACI Worldwide and others in a variety of core industries including business services, transportation, telecom, technology, healthcare, media and energy and utilities. 

We believe that this is a value realization which has come in the form of rapid deployment of innovative and profitable revenue models, total cost of ownership (TCO) savings hitting 40-50%, 3-6% top line growth by eliminating revenue leakage, more than 50% reduction in time-to-invoice and overall efficiency and productivity improvements.

[1] Gartner, “Market Guide for Subscription and Recurring Billing Management Solutions,” Mark Lewis, April 13, 2022. This report was last published in 2020 and was titled-  Market Guide for Subscription and Recurring Billing Management.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

To learn more about RecVue

 

About RecVue

RecVue empowers large enterprises to accelerate growth and profitability in today’s digital economy by monetizing any revenue model at scale. Trusted by the world’s leading companies in various industries including business services, transportation and logistics, healthcare, hospitality, energy and utilities, financial services, telecom, media and high tech, RecVue Agile Monetization Platform (RAMP360) is built for maximum flexibility, auditability and scalability. For more information, visit www.recvue.com.

 

Revenue and Compliance Should Not be Complicated.

Contact us for a demo to see how RecVue gives you complete control of your recurring revenue contracts.