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 Revenue
Management involves the entire revenue cycle in the Enterprise including maintenance
revenue flows, revenue reporting and analysis, revenue allocation and recognition,
contract management and billing.
The goal of Revenue Management is to improve cash flows by improving key revenue
impacting processes, reports and systems interfaces. Solutions are not always found
in ERP systems which tend to focus on expense-related processes rather than the
end-to-end quote-to-cash processes.
The Bardess Approach:
Bardess consultants will identify the most effective and least costly solution to
revenue shortfalls whether it is an improved revenue process, systems interface
or data flow.
Bardess can assist your organization to identify and create effective solutions
to resolve Revenue Management issues. We will determine the best way to replace
disparate spreadsheets, redundant data entry, weak reporting and other manual legacy
processes to more effectively track and manage revenue streams to and from customers
and suppliers. We can assist in “closing the loop” between critical
business processes and functions across the Enterprise and create visible audit
trails for Revenue flows.
Why Revenue Management?
Increases in government regulations (FASB, SEC, Sarbanes-Oxley Act), the economy
and the disappointments of massive ERP solutions have led companies to focus on
managing the flow of revenues as a way to improve the bottom line. In many corporations,
the financial processes do not match to IT solutions resulting in inefficient work-arounds
using spreadsheets and manual tools. Moreover, poor revenue management processes
negatively impact companies in several ways:
Poor Revenue Management Processes
Impacts to Companies
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