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Industry

Professional and Business Services

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

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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
Complex billing and pricing models
Manual data entry and error-prone Excel sheets
Revenue leakage
Revenue recognition compliance
Accurate charging for goods and services
Complex billing and pricing models
Manual data entry and error-prone Excel sheets
Revenue leakage
Revenue recognition compliance

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:

The Ingrained Compatibility of Forecasting and Revenue Management

Using Big Data to Make Better Pricing Decisions

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:

Consolidate Your Complexity

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:

The Rise of the CFRO: Today’s Chief Finance Revolution Officer

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 Leakage: The What, the Why and the How to Stop It

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:

ASC 606 Is Already Here. Why Should You Still Care?

The Rule of Four: Consider These Four Benefits to Automating Revenue Recognition Now

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.

Product and Pricing Catalog

Automate unique and complex order-to-cash requirements for billing, partner compensation, and revenue recognition

Contracts and Order Management

Eliminate the paper, PDFs and manual processing and get complete visibility and control.

Usage and Data Mediation

Capture usage data from any source and translate it into standard billing to reduce leakage.

Multi-Attribute Rating and Pricing

Model pricing or rating structures to determine the billable amount. Then optimize revenue based on real-time analysis of your pricing strategies.

Billing and Invoicing

Scale from one-time charges to basic subscriptions to complex usage models with pre-validated bill runs and tailored invoices.

Revenue Recognition and Compliance

RecVue supports the ASC606/IFRS15 and ASC842 frameworks to keep your business GAAP-compliant.

Improve Productivity

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

Insights

Forecast your billing and revenue recognition with RecVue reporting, giving you a 360-degree view into your business.

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.