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Complex chains of partners and representatives are leading to business models that are transforming how they conduct business, calculate costs, issue invoices, and recognize revenue.
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.
The Ingrained Compatibility of Forecasting and Revenue Management
RecVue accommodates complete granularity of billing data, to ensure responsiveness for customers with complexity in partner and location payments, lease billing and payment adjustments. Learn more by reading how RecVue helped handle the global asset billing challenges for Textainer.
Make sure you can efficiently determine asset profitability based on accurate revenue knowledge, effectively analyze performance to help determine purchasing decisions and clearly track how the effectiveness of promotional efforts.
The RecVue platform differentiates for revenue purposes as necessary, and is designed to track down to the lowest level of detailed billing for item leasing, rentals and/or ownership.
When it comes to acquisition and tracking of company resources, leasing is an increasingly useful business tool for organizations of any size. Equipment leasing benefits include the flexibility it allows, tax advantages and opportunities in connection to bottom line balance sheet and payment expenses.
The Rise of the CFRO: Today’s Chief Finance Revolution Officer
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.
Driving Digital Transformation in Finance to Increase Revenue
As with any endpoint, Internet of Things (IoT) devices are billed differently depending on a variety of factors. Device location, where connection was initiated and amount of data used all impace rating usage, highlighting the complexity of the process that can bring all components together for accurate measurement and proper billing. The RecVue platform was designed with the necessary flexibilty and dymamic billing offerings in mind to handle the unique IoT integration requirements.
IoT devices are beyond the fringe phase to account for significant contributions to today’s digital business initiatives, and along with that comes heightened expectations to deliver tangible strategic benefits. According to Gartner, this more keenly trained focus is demonstrated by 61% of enterprises showing a high level of IoT maturity.
RecVue’s revenue management module enables automated 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.
Learn how RecVue helped to accommodate more than 12K commissions and concession contracts and more in our Hertz case study
Hertz increased thier partner/franchise satisfaction with faster revenue settlements, and attained greater visibility into millions of rental agreements and commissions transactions.
RecVue’s all-in-one platform helped Hertz modernize outdated systems and conquer global accounting demands
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.
Automate unique and complex order-to-cash requirements for billing, partner compensation, and revenue recognition
Eliminate the paper, PDFs and manual processing and get complete visibility and control.
Capture usage data from any source and translate it into standard billing to reduce leakage.
Model pricing or rating structures to determine the billable amount. Then optimize revenue based on real-time analysis 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.
Enable your finance team to accelerate period closes, reduce DSO/DRO, and work more efficiently increase your revenue.
Forecast your billing and revenue recognition with RecVue reporting, giving you a 360-degree view into your business.
Automate payment remittance to partners and other third-party vendors easily and accurately.
Contact us for a demo to see how RecVue gives you complete control of your recurring revenue contracts.