Seamless, Automated Billing and Invoicing

RecVue lets you handle all complex calculations within its own platform.

In order to achieve growth and longevity in a digital economy, your business requires a solution capable of monetizing any revenue model with seamless flexibility and scale. Automate the most complex portion of order-to-cash under a single unified platform to manage your billing, revenue and partner compensation.

Accounting Challenges:

Flexibility to account for every revenue model with speed and accuracy
RecVue Resolution/Response:

This sophisticated billing engine is built to adapt on the fly for every revenue model on the market. One of the chief considerations in the original design of the solution was the ability to process high volumes of data at enterprise speeds. The solution features a configurable interface to GL for accounting entry accuracy, as well.

Why Its Important:

Simply put, speed and flexibility are everything in business. This is not an overstatement, if anything, an understatement. Business leaders must think fast to survive, and the accompanying tools to put those actions in place must be just as speedy – and able to pivot. If you’re not fast, your competitors will be. If the data you deliver is trustworthy, neither are you. If you aren’t adaptable enough to handle everything, it won’t matter that you’re able to do some things well.

Resources:
Adaptability to any level of complex billing and pricing needs
RecVue Resolution/Response:

Consolidate billing and revenue on a unified platform to update and automate your order-to-cash cycle. Learn how RecVue helped consolidate internal systems by downloading the case studies for ACI and Textainer.

Why Its Important:

Leaving such tasks to manual processes wastes time and money and is a waste of staffing resources which could be put to better use toward strategic growth. Learn more on our blog about how to consolidate your complexity.

Resources:
Manual data entry and error-prone Excel sheets
RecVue Resolution/Response:

The RecVue platform is built specifically to eliminate unnecessary manual data entry, automate manual workaround and eliminate reliance on spreadsheets by integrating with existing systems to aggregate data and manage your company’s transactional data processing.

Why Its Important:

The role of accounting has transitioned from ‘bean counters’ and budget planners to future-oriented, strategic partners. Outdated tools such as spreadsheets, formerly the backbone of finance and accounting, and the manual processes they promote, must evolve and give way to better tools for the finance team evolution to maintain its pace.

Resources:
Revenue leakage
RecVue Resolution/Response:

RecVue solution built to anticipate the constant change in recurring revenue business so companies can keep pace with today’s complexity, reduce a reliance on manual processing and limit pricing errors – main causes of revenue leakage

Why Its Important:

You may be losing out on revenue you weren’t even aware you had, a potential bottom-line impact equating to a 1-5% earnings loss, historically. To learn more about the dangers of revenue leakage and how to stop it, read our executive brief.

Resources:
Revenue recognition compliance and trust
RecVue Resolution/Response:

RecVue’s revenue management module enable automate application controls through key features, purpose-built in alignment with ASC 606 / IFRS 15 regulations. This enterprise-grade cloud solution meets all compliance, audit controls and security standards to efficiently manage and accurately report revenue.

Why Its Important:

Accurate revenue recognition, the ability to properly recognize revenue when earned rather than upon payment, is essential because it directly affects the integrity and consistency of a company’s financial reporting.

Resources:
Outdated legacy systems built on homemade solutions or ERP customizations
RecVue Resolution/Response:

No other solution on the market can compete with RecVue’s advanced functionality to address an increasingly complex array of accounting rules, revenue requirements and partner compensation needs. This soltuion design accommodates easy configurability to handle today’s complexity at scale. In most cases, this unified solution handles what would otherwise require multiple, heavily customized ERP modules or costly updates to long-ago outdated homegrown solutions.

Why Its Important:

All technology becomes obsolete with time. It’s doubtful your mobile phone or computer technology is more than a few years old. Why should it be any different for your most critical business applications? The most current technology has more power and capabilities than older offerings. Don’t let your legacy systems become your business bottleneck. Legacy modernization, the process of transforming or converting a legacy system into a modern infrastructure, will reduce IT costs, improve flexibility, collaboration and consistency.

Resources:

Datasheet: RecVue Billing & Invoicing

Learn more about how RecVue’s powerful billing capabilities can be put to use for your specific business services needs.

RecVue Advantages

RecVue offers the industry’s first suite of Order-to-Cash solutions that are purpose-built to fully automate the complex processes for billing & invoicing, revenue recognition and partner compensation in a single solution.

Accelerate the Billing Cycle

Generate invoices quickly and accurately that reflect all charges and pass-through expenses and avoid invoicing delays.

Tap into Smart Flexibility

Handle all billing scenarios - from monthly fixed and variable charges to complex billing arrangements.

Eliminate Spreadsheet Issues

Fully automate the order-to-cash process, eliminating the need for maintaining error-prone spreadsheets

Account for Usage or Consumption

Capture usage data from virtually any source to map and translate it into a standard billing format.

Improve Productivity

Enable your finance team to accelerate period closes, reduce DSO/DRO, and work more efficiently

Increase Billing and Invoice Accuracy

Scale from one-time bills to more complex models, using pre-validated bill runs and tailored invoices.

Revenue Recognition

Automate revenue recognition accounting for ASC 606 and IFRS 15 compliance requirements.

Insights

Enjoy a 360-degree view into contracts and financials with easy-to-use self-service reporting.

Partner Management

Automate payment remittance to partners and other third-party vendors easily and accurately.

Revenue and Compliance Should Not be Complicated.

Contact us for a demo to see how RecVue gives you complete control of your recurring revenue contracts.