Forecast your billing and revenue recognition with RecVue reporting.
RecVue’s platform provides for tracking of each lease for detailed billing for every item leased. Much in the same way the solution accommodates asset billing, RecVue’s lease billing capabilities take into consideration the granularity of the billing data, down to the equipment/serial number level. The module is industry agnostic to handle any billing needs for assets and equipment rentals.
Successful businesses in this industry must be able to accommodate all manner of lease options, regardless of the level of complications involved. Among the pitfalls of not being able to accommodate this complexity are lost opportunities for revenue income and future growth.
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.
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
What is worse than losing money? Never knowing you had money coming to you in the first place. Ensure your business recognizes all entitled avenues of revenue by plugging actual or potential leakage points through your network and customer-facing systems.
This sophisticated billing engine is built to adapt on the fly for every revenue model on the market. One of the true solution differentiators is the ability to seamlessly integrate and automate billing, data mediation, revenue and partner compensation processes all under one unified platform, for a complete 360-degree view of your critical processes. The solution features a configurable interface to GL for accounting entry accuracy, as well.
Properly measuring your company’s revenue, or sales, delivers more actionable information about your business than mere profit alone can provide. Through a true understanding of your revenue, you can leverage the most benefit out of the information being collected.
Guided by an enterprise-grade billing engine and integrated variable considerations, the RecVue platform delivers integrated billing, revenue and partner compensation capabilities in an all-in-one platform. The solution can ingest data in any form necessary, depending on the billing flavor, including usage billing, asset billing and payments and hybrid options. RecVue’s data mediation layer offers user friendly import, control and consumption flexibility.
Usage-based billing has become increasingly important not just for saving, time, costs and adding flexibility to your business pricing, but also for the potential as an effective business growth tool. Not only that, but customers love having all the variable options within this billing evolution for the fair, transparent pricing more aligned to the value they receive.
RecVue’s robust billing capabilities include tiered support through multi-dimentional pricing, customer-specific, rule-based pricing for all complex pricing models and the adaptability to respond to any business-specific contractual needs.
By being able to adapt to any type of contract need including the segmentation of product and service pricing in order to meet any market segment, opens your business appeal to a wider and more varied customer base, as you provide for diffeent demand rates and price points.
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.
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.
Learn more about how RecVue’s powerful billing capabilities can be put to use for your specific manufacturing 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.