Transaction Visibility Stops Revenue Leakage at Source
- Topics:
- Revenue recognition
- Tags:
- Aceva Technologies,
- Business Operations,
- Finance,
- Operational Accounting,
- Process Improvement,
- Quality,
- Revenue
- Source:
- Aceva Technologies
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Overview: Like the nonstop drip of a worn out faucet, revenue leakage - steady, incessant and ultimately costly - can only be stopped completely by fixing its source. Organizations today are at risk of losing a significant percentage of gross revenues because of leaks, gaps and undetected errors in their business processes. Effective revenue assurance rests on end-to-end process visibility, ensured business policy compliance, and continued process improvement initiatives. This article advises to put these three key elements together and leakages can be arrested at the source, no matter how complex an organization's quote-to-cash cycle may become.
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Format: PDF | Size: 131KB | Date: Nov 2004 | Pages: 2






