Paddle is one of 42 notable vendors included in “The SaaS Recurring Billing Solutions Landscape, Q1 2023” report
LONDON, January 20, 2023 /PRNewswire/ — Oar, a payment infrastructure provider for B2B SaaS companies, was named by Forrester as one of 42 significant SaaS recurring billing vendors. According to Forrester’s report, The SaaS Recurring Billing Solutions Landscape, Q1 2023, SaaS recurring billing solutions can help companies better manage their billing models and provide insight into customers and recurring revenue.
A Forrester report defines SaaS recurring billing solutions as: “SaaS software that determines the value a customer owes a merchant and how often. It also determines the billing consequences of any changes to the customer relationship and/or account, such as renewals or upgrades. “
Paddle was included along with 41 other vendors in Forrester’s review to help businesses understand the value they can expect from a recurring billing SaaS vendor, learn how they differ, and choose one based on size and market focus.
The report states that Paddle has in between 25 million dollars and 50 million dollars in product revenue for its public cloud SaaS offering, and that Paddle’s three self-reported use cases for its customers are: optimizing recurring payments, improving revenue recognition and backbook reporting, and self-service or CSR/sales order entry portals.
Christian OwensCEO and co-founder of Paddle, said: “Paddle’s platform is designed to ‘do it for you’, so our customers can focus on what really matters — creating great products — instead of getting tripped up by operational and financial hurdles. We are pleased to be included in this report and recognized by Forrester as a significant vendor among recurring billing SaaS solutions. This is in line with our mission to increase revenue for software sellers, deliver great insights to customers and empower them to grow their business globally.”
Paddle brings value to thousands of software companies every year by removing their barriers to global growth and helping them sell into new markets faster and with less disruption. Instead of customers putting together, maintaining, securing, and constantly updating a complex payment and billing suite made up of dozens of tools and technologies, Paddle does everything—from payments and invoicing to tax collection and fraud protection. Last year, Paddle was raised 200 million dollars and acquired US company ProfitWell to continue its mission to increase the global growth of SaaS companies.
About the paddle:
Paddle, a payment infrastructure provider for B2B SaaS companies, is driving hyperscale growth through acquisitions, renewals and expansions. With Paddle, companies can finally transform their payment infrastructure into a strategic growth lever to respond to every growth opportunity faster and more precisely. In 2022, Paddle acquired ProfitWell, a company that provides industry-standard BI solutions that automatically improve your retention and monetization through unparalleled subscription intelligence.
Paddle has 300 employees serving more than 3,000 software resellers in 245 countries and territories worldwide. Backed by investors including KKR, FTV Capital, Kindred, Notion and 83North, Paddle aims to define the next wave of B2B SaaS leaders. To visit www.paddle.com or www.twitter.com/PaddleHQ for more information.
SOURCE Paddle
