“Leveraging RecVue’s technology platform will enable Hertz to continue our digital transformation journey and respond to evolving customer demand .”
The Hertz Corporation is the only true global car rental company and the Hertz brand is one of the most recognized in the world.
Manage different commission programs
Inaccurate commission settlements leading to claim adjustments
Manage Franchise Revenue share and Intercompany Revenue splits
Visibility to rental agreements and related commissions
RecVue helped Hertz integrate their billing and compensation into a single system of record, automate the key elements of accrual and streamline settlement of contra revenue items. RecVue is also managing their partner commission programs, franchise revenue share rules and intercompany revenue splits.
By implementing Recvue solution, Hertz attained a much higher level of partner/franchise satisfaction due to faster revenue settlements RecVue solution also provided Hertz the visibility into millions of rental agreements and commissions transactions, reducing operational inefficiencies while increasing auditability & control. Revue’s implementation added tremendous confidence to Hertz financial statements and saw them launching new services that grew its stock price by 8%.