4.5m
Rental Agreements and Invoices per month across 100,000 pricing rules
Much more than a car rental agency, Hertz is truly a global brand, encompassing more than 43,000 locations across the planet amid a network of over 40,000+ partners, all combined for a total of 4.5M monthly rental agreements.
40K+
Partners (Tours, Licenses, Travel Agents, Etc) Paid
12K+
Commissions and Concession Contracts
43,600
Licensee Locations Globally
Company
The Hertz Corporation is the only true global car rental company and the Hertz brand is one of the most recognized in the world.
Industry
Transportation and logistics
Annual Revenue
$9.8B
Company Type
Public
Employees
24000+
Challenge
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
Solutions
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
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. RecVue’s implementation added tremendous confidence to Hertz financial statements and saw them launching new services that grew its stock price by 8%.
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