Professional and Business Services
RecVue lets you handle all complex calculations within its own platform.
Whether it’s airport services, janitorial services, law offices or parking management, every company has unique accounting requirements. From flat monthly to usage-based billing to complex variable billing, RecVue provides timely, accurate billing, partner compensation and revenue recognition.
Accounting Challenges:
Accurate charging for goods and services
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:
The price a company charges for its products or services is one of the most critical to that company’s growth and longevity. Setting the price tow high or too low will, at best limit growth and, at worst, cause longterm damage to sales and cash flow. Carefully considering the pricing strategy is important whether the business is just getting started or is an established organization.
Resources:
Complex billing and pricing models
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 Outdated tools such as spreadsheets, formerly the backbone of finance and accounting, and the manual processes they promote, must evolve and give way to better tools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
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:
RecVue Billing & Invoicing for Business Services Datasheet
Learn more about how RecVue’s powerful billing capabilities can be put to use for your specific business services needs.
More Resources
Airport Terminal Services
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.