Transportation and Logistics

Calculating the amount of revenue billed and recognized

RecVue Resolution/Response:

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.

Why Its Important:

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.

Resources:

The Ingrained Compatibility of Forecasting and Revenue Management

Using Big Data to Make Better Pricing Decisions

Different rental location types

RecVue Resolution/Response:

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.

Why Its Important:

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.

Resources:

Consolidate Your Complexity

Vehicle lease vs ownership

RecVue Resolution/Response:

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.

Why Its Important:

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.

Resources:

The Rise of the CFRO: Today’s Chief Finance Revolution Officer

Variable usage components

RecVue Resolution/Response:

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.

Why Its Important:

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.

Resources:

Driving Digital Transformation in Finance to Increase Revenue

IoT sensor data and integration

RecVue Resolution/Response:

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.

Why Its Important:

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.

Resources:

Let’s Talk about IoT

Agency and referral commissions

RecVue Resolution/Response:

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.

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:

Learn how RecVue helped to accommodate more than 12K commissions and concession contracts and more in our Hertz case study