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Revenue Assurance

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Increased pricing pressures and market competitiveness are driving margins down affecting the dependability of past revenue streams.

New regulatory structures and compliance issues reduce or remove programs that have been major sources of revenue for financial institutions.

Technology changes and implementations can affect data integrity especially when information is past between legacy systems and new technologies.

As Merger & Acquisition activity is increasing with recovering financial markets, data integrity between two companies can be quite challenging

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Ramping Up Revenue Assurance

Over time, the Revenue Assurance process matures as data generated by implemented remedies begins to yield even more insight into a system operation. This maturity process can be summarized in five stages of growth.

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The Process

Revenue Assurance

  • Detection
  • Correction
  • Prevention

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Revenue Assurance is a series of processes used to identify, remedy, and prevent problems that result in reduced financial performance. From these processes, strategies and solutions are created that target areas where revenue leakage is occurring. Rectifying and fixing this leakage improves company revenues without increasing sales.

Revenue assurance can target a single system or span across multiple business units. Not only does it plug revenue leakage, but revenue assurance seeks to recover past revenues lost from these leaks. The goal of revenue assurance is to permanently fix the root cause of a particular problem and not just address the symptoms created from a problem. Most organizations turn to PROFIT INSIGHT® Revenue Assurance programs for the following influences.