DENVER, March 4, 2020 /PRNewswire/ -- Leading global cloud-based monetization and billing solution provider, BillingPlatform, today released the results of its 2020 Trends in Finance study. The survey gathers trends from 300 finance executives in US companies with at least $50 million in annual revenue.
Key findings in the survey show finance executives are prioritizing revenue innovation in 2020. Many leaders expect to release new offerings, 60% plan to launch new products or services. Simultaneously, the same leaders are seeking to adapt their tactics, with 56% planning to institute disruptive business models. Another 30% will leverage creative pricing strategies this year.
Other key findings include 50% of finance leaders are increasing budgets in 2020 and 71% report that top technical challenges are outdated systems, infrastructure, or applications. This data indicates that many enterprises see operational systems as a barrier to agility and innovation – to transform digitally, legacy systems and processes need to evolve.
"The findings of BillingPlatform's first Trends in Finance survey are consistent with what we see from customers," said Dennis Wall, BillingPlatform CEO. "Finance leaders want to innovate their revenue streams. However, leaders fear that their current enterprise systems won't support these goals without significant investment. As a cloud-based billing solution, BillingPlatform has helped many businesses solve these challenges. We enable enterprises to launch new products and monetize new business models in any market."
To access the complete BillingPlatform 2020 Trends in Finance study, go here.
About BillingPlatform, Corp.
BillingPlatform's agile billing software solution gives innovative enterprises the freedom to effectively monetize and deliver creative products and services resulting in growth and competitive differentiation. Our industry-leading cloud-based platform adapts to every unique business model and pricing structure. BillingPlatform provides the most complete solution available including billing, revenue recognition, reporting, and other critical financial functions. With global customers across multiple industries including communications, transportation, manufacturing, banking, technology, energy, media, and software BillingPlatform processes billions of transactions and dollars every year, enabling enterprises to grow revenue, reduce costs, and improve overall customer experience. To learn more visit https://billingplatform.com/