Technology companies are increasingly seeking to drive more predictable revenue streams from recurring-revenue business models. We’re witnessing a period of unprecedented innovation in how these companies go to market – the race to offer “Anything-as-a-Service” (XaaS) is in full swing. Whether it’s SaaS subscriptions, equipment leasing, or milestone-based consulting engagements, more technology firms are offering more ways to buy products and services than ever before.
With the shift to recurring revenue streams come significant challenges for the many parts of the organization. Recurring-revenue models usually require more frequent and deeper touchpoints with customers – from customer service to sales to finance and accounting – which translates into greater product complexity with more innovation in offerings and bundles. Sales needs the ability to configure orders and contractual terms and conditions to specific customer requirements. Finance and accounting teams must contend with a much higher volume of transactions and increasingly complex pricing models than before. Is your finance team up to the challenges?
RecVue’s monetization platform has the sophistication to help you automatically manage millions of complex transactions associated with the recurring revenue business models that are the heart of successful tech businesses. Only RecVue offers a complete solution:
Use configurable, pre-defined pricing models and standard or custom billing cycles.
Eliminate the paper and PDFs and get complete visibility and control.
Capture usage data from any source (sensors, machines, files, and more) and translate it into standard billing to reduce leakage.
Model pricing or rating structures – even those with a high degree of complexity and conditional formulas – to determine the billable amount. Then, optimize revenue based on real-time analyses of your pricing strategies.
Scale from one-time charges to basic subscriptions to complex usage models with pre-validated bill runs and tailored invoices.
RecVue supports the ASC606/IFRS15 and ASC842 frameworks, to keep your business GAAP-compliant.
Forecast your billing and revenue recognition with RecVue reporting, giving you a 360 degree view into your business.