Healthcare Services
Forecast your billing and revenue recognition with RecVue reporting.
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 solution 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solution handles what would otherwise require multiple, heavily customized ERP modules or costly updates to long-ago outdated homegrown solutions.
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.
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.
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.
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.
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.
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.
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.
RecVue was designed as a group of microservices for the specific purpose of being able to handle high volume with high performance. The data mediation layer is situated on top of the application for better control through configurability.
Financial transactions are typically not singular activities, but rather a step in the lifecycle of business flow, leading to a multitude of additional transactions. Such transaction multipliers drive up the volume of today’s financial transactions so scalability requirements must always consider all transactions to come out of each individual transaction. Creating an invoice or sales order , or any other transaction, can result in a few lines or a thousand lines. Today’s successful enterprises must be able to handle the potential for millions of financial transactions every day.
RecVue was designed to deliver a bottom line based on accurate reading of a company’s most essential data sets, including trusted billing details, accurately reported revenue and trusted partner compensation details. The platform features a configurable interface to GL for accounting entry accuracy.
A billing experience which establishes trust and confidence is critical amid an environment of seemingly endless customer options and expectations. This solid partnership will ultimately help businesses get paid faster, reduce the risk of bad debt and adapt quickly to any changes in customer expectations.
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.
SaaS businesses offerings for products and services cannot be confined to standard expectations, so the customer contracts become complicated. Among the pitfalls of not being able to accommodate this complexity are lost opportunities for revenue income and future growth.
Learn more about how RecVue’s powerful billing capabilities can be put to use for your specific healthcare needs
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.
Contact us for a demo to see how RecVue gives you complete control of your recurring revenue contracts