SAN FRANCISCO--(BUSINESS WIRE)--Nexant announced today that it has been included in the latest Gartner Magic Quadrant1 for its RevenueManager® software platform for the ninth consecutive year. While inclusion of a company’s offerings does not represent an endorsement by Gartner, the Magic Quadrants are widely recognized sources for analyzing vendor market positions in various industries.
As a fully integrated customer care, billing, and contract management platform, Nexant RevenueManager supports multiple commodities in residential, commercial, and industrial markets through the entire customer lifecycle—from prospecting to customer acquisition, customer service, and billing.
“We are very pleased and excited to once again be included in Gartner’s new CIS Magic Quadrant,” said Tanya Shepherd, Nexant’s VP of RevenueManager worldwide operations. “We have successfully demonstrated to our RevenueManager customers that the platform significantly reduces their customer service costs and its out-of-the-box configurability eliminates any need for custom product development—a substantial cost savings.”
“Out-of-the-box COTS CIS products provide adequate levels of M2C (billing) functionality required by various utility companies operating in different market structures or focused on different customer segments,” according to Gartner. “Integrated utilities or local distribution companies in a regulated market or network companies and retail/supplier companies in a contestable energy retail sector will find their billing needs fully met by leading CIS COTS products.”2
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. Gartner research publications consist of the opinions of Gartner's research 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.
1 Gartner, Magic Quadrant for Utilities Customer Information Systems, by Zarko Sumic, 28 May 2014.
2 Ibid., p. 2.
Nexant is a global energy industry leader, offering a comprehensive suite of industry software solutions and advisory services designed to transform utility business processes, support implementation of smart grid and demand side initiatives, and provide energy industry and technology insights. Its technology solutions and offerings include Nexant iEnergy®, Nexant Grid360™, Nexant iHedge®, Nexant RevenueManager®, and NexantThinkingTM that enable utilities, power producers, and energy resource companies to improve operational and financial efficiency, reduce risk, and enhance customer engagement across the energy value chain. Nexant is headquartered in San Francisco, California and operates from 32 corporate, representative, and project offices located throughout the United States, Europe, the Middle East, Africa, and Asia.