Case Study
Hertz
The Hertz Corporation is the only true global car rental company and the Hertz brand is one of the most recognized in the world.
40K+
Partners (Tours, Licenses, Travel Agents, Etc) Paid
12K+
Commissions and concession contracts
43,600
Licensee locations globally
Challenges
- 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
“Leveraging RecVue’s technology platform will enable Hertz to continue our digital transformation journey and respond to evolving customer demand .”
David James, VP Corporate and Financial Systems
Solution
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.
Benefits
RecVue has helped Hertz attain a much higher level of partner and franchise satisfaction due to faster revenue settlements. RecVue also provided Hertz increased visibility into millions of rental agreements and commissions transactions, reducing operational inefficiencies while increasing auditability and control. RecVue’s implementation increased confidence in Hertz financial statements and saw them launch new services that grew their stock price by 8%.
$5.3B
Rental agreements and invoices per month across 100,000 pricing rules
40K+
Partners (Tours, Licenses, Travel Agents, Etc) Paid
12K+
Commissions and concession contracts
43,600
Licensee locations globally
Other Case Study
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World Wide Technology (WWT) is a leading technology solution provider, dispatching thousands of IT engineers, hundreds of application developers and high-quality testing labs across the globe to the tune of $13.4B in annual revenue. The company needed an accelerator in the shift to digital business models.
Asset Monetization As-A-Service
A single platform embedded with Asset Billing, Asset Payment, and Revenue
Learn More