Revenue Assurance – How to ensure business financial security?
Data collected during RA audits and deployments by companies such as EY, PWC, BCG and WeDoTechnologies show that companies lose on average between 2% and 5% of their income by inadequately securing their business on the trial side.
RA is identifying revenue loss, recovering lost revenue, securing further loss, continuous monitoring, and process optimisation. Comprehensive and systematic actions in the layers of people, processes, risks, models, IT environments and performance indicators ensure that every penny paid is invoiced, paid and reported in the future.
Industries that process large volumes of data (transactions) or settle a large number of customers are prone to lose up to 5% of their revenue. Titles of revenue loss vary and depend on the industry.