Industry
Seamless, Automated Billing and Invoicing
RecVue lets you handle all complex calculations within its own platform.
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In order to achieve growth and longevity in a digital economy, your business requires a solution capable of monetizing any revenue model with seamless flexibility and scale.
Automate the most complex portion of order-to-cash under a single unified platform to manage your billing, revenue and partner compensation.
Accounting Challenges
Flexibility to account for every revenue model with speed and accuracy
Adaptability to any level of complex billing and pricing needs
Manual data entry and error-prone Excel sheets
Revenue leakage
Revenue recognition compliance and trust
Outdated legacy systems built on homemade solutions or ERP customizations
Flexibility to account for every revenue model with speed and accuracy
Adaptability to any level of complex billing and pricing needs
Manual data entry and error-prone Excel sheets
Revenue leakage
Revenue recognition compliance and trust
Outdated legacy systems built on homemade solutions or ERP customizations
Flexibility to account for every revenue model with speed and accuracy
RecVue Resolution/Response:
This sophisticated billing engine is built to adapt on the fly for every revenue model on the market. One of the chief considerations in the original design of the solution was the ability to process high volumes of data at enterprise speeds. The solution features a configurable interface to GL for accounting entry accuracy, as well.
Why Its Important:
Simply put, speed and flexibility are everything in business. This is not an overstatement, if anything, an understatement. Business leaders must think fast to survive, and the accompanying tools to put those actions in place must be just as speedy – and able to pivot. If you’re not fast, your competitors will be. If the data you deliver is trustworthy, neither are you. If you aren’t adaptable enough to handle everything, it won’t matter that you’re able to do some things well.
Resources:
Adaptability to any level of complex billing and pricing needs
RecVue Resolution/Response:
Consolidate billing and revenue on a unified platform to update and automate your order-to-cash cycle. Learn how RecVue helped consolidate internal systems by downloading the case studies for ACI and Textainer.
Why Its Important:
Leaving such tasks to manual processes wastes time and money and is a waste of staffing resources which could be put to better use toward strategic growth. Learn more on our blog about how to consolidate your complexity.
Resources:
Manual data entry and error-prone Excel sheets
RecVue Resolution/Response:
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.
Why Its Important:
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.
Resources:
The Rise of the CFRO: Today’s Chief Finance Revolution Officer
Revenue leakage
RecVue Resolution/Response:
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
Why Its Important:
You may be losing out on revenue you weren’t even aware you had, a potential bottom-line impact equating to a 1-5% earnings loss, historically. To learn more about the dangers of revenue leakage and how to stop it, read our executive brief.
Resources:
Revenue recognition compliance and trust
RecVue Resolution/Response:
RecVue’s revenue management module enable automate 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.
Why Its Important:
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.
Resources:
Meet Revenue Management requirements and streamline compliance
Outdated legacy systems built on homemade solutions or ERP customizations
RecVue Resolution/Response:
No other solution on the market can compete with RecVue’s advanced functionality to address an increasingly complex array of accounting rules, revenue requirements and partner compensation needs. This soltuion design accommodates easy configurability to handle today’s complexity at scale. In most cases, this unified solution handles what would otherwise require multiple, heavily customized ERP modules or costly updates to long-ago outdated homegrown solutions.
Why Its Important:
All technology becomes obsolete with time. It’s doubtful your mobile phone or computer technology is more than a few years old. Why should it be any different for your most critical business applications? The most current technology has more power and capabilities than older offerings. Don’t let your legacy systems become your business bottleneck. Legacy modernization, the process of transforming or converting a legacy system into a modern infrastructure, will reduce IT costs, improve flexibility, collaboration and consistency.
Resources:
You‘re Not at Grandma’s Anymore: Some Things are Better Than Homemade
More resources
Crown Castle
Take a few minutes to learn more about how RecVue’s wide ranging capabilities solve some very relatable challenges for Crown Castle
RecVue Advantages
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.
Product and Pricing Catalog
Automate unique and complex order-to-cash requirements for billing, partner compensation, and revenue recognition
Contracts and Order Management
Eliminate the paper, PDFs and manual processing and get complete visibility and control.
Usage and Data Mediation
Capture usage data from any source and translate it into standard billing to reduce leakage.
Multi-Attribute Rating and Pricing
Model pricing or rating structures to determine the billable amount. Then optimize revenue based on real-time analysis of your pricing strategies.
Billing and Invoicing
Scale from one-time charges to basic subscriptions to complex usage models with pre-validated bill runs and tailored invoices.
Revenue Recognition and Compliance
RecVue supports the ASC606/IFRS15 and ASC842 frameworks to keep your business GAAP-compliant.
Improve Productivity
Enable your finance team to accelerate period closes, reduce DSO/DRO, and work more efficiently increase your revenue.
Insights
Forecast your billing and revenue recognition with RecVue reporting, giving you a 360-degree view into your business.
Partner Management
Automate payment remittance to partners and other third-party vendors easily and accurately.
Asset Monetization As-A-Service
A single platform embedded with Asset Billing, Asset Payment, and Revenue
Learn MoreRevenue and Compliance Should Not be Complicated.
See how RecVue gives you complete control of your recurring revenue contracts.