Paddle is one of 42 notable vendors included in the “SaaS Recurring Billing Solutions Landscape Q1 2023” report
London, January 20, 2023 /PRNewswire/ — paddle, a payment infrastructure provider for B2B SaaS companies, has been listed by Forrester as one of 42 prominent SaaS recurring billing vendors. According to the Forrester report, “The SaaS Recurring Billing Solutions Landscape, Q1 2023,” SaaS recurring billing solutions can help businesses better manage their billing models and provide insights into recurring customers and revenue.
In the report, Forrester defines a SaaS recurring billing solution as: “SaaS software that determines the value that a customer owes a merchant and how often. It also determines the billing-related consequences of any changes to the customer relationship and/or account, such as, update or upgrade.”
Paddle was included in Forrester’s overview, along with 41 other vendors, to help businesses understand the value they can get from a SaaS recurring billing vendor, understand how they differ, and choose one based on size and market focus.
The report states that Paddle is between $25 million and $50 million Its SaaS product revenue in public cloud offerings, and three self-reported use cases that Paddle provides to its customers are: optimizing recurring payments, improving revenue recognition and ledger reporting, and a self-service or CSR/sales order entry portal.
Christian OwensCEO and co-founder of Paddle said: “Paddle’s platform is designed “to work for you,” so our customers can focus on what really matters—building great products—rather than getting tripped up by operational and financial hurdles. We’re delighted to be included in this report and recognized by Forrester as a Notable Vendor in SaaS Recurring Billing Solutions. It aligns with our mission of driving revenue for software sellers, providing superior customer insights and enabling them to scale their businesses globally. “
Paddle brings value to thousands of software businesses every year, removing barriers to global growth, helping them enter new markets faster and with less disruption. Instead of customers assembling, maintaining, securing and constantly updating complex payment and billing stacks of dozens of tools and technologies, Paddle does it all – from payments and invoicing to tax and fraud protection.Last year, Paddle proposed $200 million And acquired the US company ProfitWell to continue its mission of driving the global growth of SaaS companies.
About paddles:
Paddle is a payment infrastructure provider for B2B SaaS companies, driving hyperscale growth through acquisitions, renewals and expansions. With Paddle, companies are finally able to transform their payments infrastructure into a strategic growth lever, responding faster and more precisely to every growth opportunity. In 2022 Paddle acquired ProfitWell, which provides industry-standard BI solutions that automatically improve your retention and monetization with unparalleled subscription intelligence.
Paddle has 300 employees and serves more than 3,000 software vendors in 245 countries around the world. Backed by investors including KKR, FTV Capital, Kindred, Notion and 83North, Paddle aims to define the next wave of B2B SaaS leaders.access www.paddle.com or www.twitter.com/PaddleHQ Want to inquire more information.
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