Last month, MGI released their Agile Billing Top 50 Buyer’s Guide, which highlights the top 50 leading agile billing software suppliers. Gotransverse was honored to be ranked in the top echelon —and one of only six vendors to receive a positive analyst outlook.

What Is the MGI 360 Ratings?

MGI Research is the preeminent independent analyst and research firm focusing on Agile Monetization and order-to-cash. As defined by MGI, “This report evaluates, analyzes, and scores the Top 50 leading Agile Billing software suppliers, as well as strategy and product selection recommendations for organizations evaluating providers in this market. The report provides MGI 360™ scores of 35 leading suppliers using a quantitative rating (0 to 100) and a qualitative analyst outlook (Positive, Neutral or Negative), as well as 15 ‘honorable mention’ companies who are noteworthy suppliers but do not yet merit an official MGI 360 Rating™.”

How Are Businesses Ranked?

MGI looks for several features in an agile billing solution. For starters:

  • Inherent agility in design, implementation, and operation
  • Modern and intuitive user experience
  • Ability for users to configure pricing, catalog, offerings, etc. without any IT involvement

They divide their data into four MarketLensTM diagrams:

  • Go-to-Market Strength vs. Solution Strength: Comparison of a supplier’s functional breadth and depth with its actual market strength. How effectively has the supplier brought its product to market, scaled up adoption, and increased its customer base?
  • Agility vs. Complexity: Does a billing product’s agility hold out in complex billing scenarios?
  • Agility vs. Volume: And can it maintain that agility through high-volume scenarios?
  • Complexity vs. Volume: Similarly, does the product’s aptitude for complex billing scenarios withstand high volumes of transactions?

And Where Does Gotransverse Fall?

Gotransverse was positioned in the top, leading quadrant for enterprise solutions in all four MarketLensTM categories. Our highest rankings were in Go-to-Market Strength vs. Solution Strength and Complexity vs. Volume. And MGI highlighted three other areas where Gotransverse excels:

  • Product: Ranked #2, with a score 17% higher than the peer average
  • Management: Ranked #6, scoring 5% higher than the peer average
  • Strategy Ranked #4, with a score 14% higher than the peer average

According to MGI:

“Gotransverse continues to maintain its ability to handle complex customer requirements for rating, metering, and invoicing large volumes of billing transactions across a broad range of pricing modalities such as tiered subscriptions and usage-based pricing, as well as support quick- time data management needs, handle contract-specific pricing, and support a complex mix of physical/digital products and services over a wide range of industries and geographies.”

Gotransverse tagged for large, high-volume, and high-complexity B2X Companies

The report highlighted the growth we’ve seen in prepaid usage billing. MGI labelled Gotransverse as “A fit for a large, high-volume, high-complexity, B2B/B2X companies seeking sophisticated recurring revenue monetization capabilities across a mix of physical and digital goods and variety of pricing modalities.”

Gotransverse’s inclusion among the few billing solutions with “positive” analyst ratings really validates the hard work our dedicated team has been doing to help our clients meet and exceed their loftiest business goals through sophisticated billing. At Gotransverse, we believe our success is best measured by our clients’ success, and we are proud to see those efforts highlighted in the prestigious MGI 360 Buyer’s Guide.

Shopping for a New Billing Solution for Your Organization?

When shopping for a billing solution, MGI makes the following recommendations:

  • Shop the specific use cases rather than features.
  • Shop for the future: don’t underestimate the need for billing complexity as your business grows
  • Look for a strong mediation engine—dirty data is the downfall of sophisticated billing.
  • Don’t skimp on support, but invest in the highest level you can. It will pay off over time.
  • Consider pricing and fee structure as part of the evaluation process, not an afterthought.
  • Consider a smaller, more focused vendor. They often offer better service and be more innovative than mega vendors.
  • Your tech has to play well together. Look for strong integration capabilities in any platform you consider.

Gotransverse takes all of these recommendations—and more—to heart in its platform and its partnership with clients. To learn more about Gotransverse and how we can support your most complex billing needs at scale we encourage you to take a virtual tour today. Then, when you’re ready, request a complimentary, customized demo, and one of our experts will be happy to walk you through our solution and processes.