Revenue Assurance Rising Its Market Expeditiously by Virtue of Prevention and Detection of Revenue Leakage
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- Category: Science
- Date Submitted: 05/06/2016 05:42 AM
- Pages: 3
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Global Revenue Assurance Market: Overview
Revenue assurance refers to the set of activities or principles that enable organizations to accurately capture revenue for all the products sold or services provided. Instead of rectifying financing errors after they have occurred, or not identifying or correcting them at all, revenue assurance principles or tools allow companies to examine and fix present or potential revenue leakage points throughout networks and intermediate client- and customer-facing systems and correct the data before it reaches the organization’s billing systems.
Full Report for Deep Understanding is available at : http://bit.ly/1TrA34C
Though prevention and detection of revenue leakage is the primary objective of any revenue assurance system, technologically advanced revenue assurance systems also help companies improve and automate their conventional revenue assurance detection and monitoring processes, and detect and prevent frauds and data inconsistencies.
Products and services based organizations in present times face wide-ranging challenges and struggle with numerous issues – from expanding their consumer base in saturated markets to managing the rapidly rising consumer base in developing markets. Markets with several vendors also present companies with intensely competitive environment that requires innovations and technological developments at a steady pace to gain competitive edge in the market. All these scenarios make companies more vulnerable to revenue leakage and call for the integration of effective revenue assurance tools in their overall revenue management scenario.
Global Revenue Assurance Market: Key Trends and Opportunities
The increasingly complex business environment and practices and the need to adhere to numerous revenue streams are the key driving forces for the global revenue assurance market. The report presents a detailed analysis of the impact of other major drivers, restraints, and trends in the...
Revenue assurance refers to the set of activities or principles that enable organizations to accurately capture revenue for all the products sold or services provided. Instead of rectifying financing errors after they have occurred, or not identifying or correcting them at all, revenue assurance principles or tools allow companies to examine and fix present or potential revenue leakage points throughout networks and intermediate client- and customer-facing systems and correct the data before it reaches the organization’s billing systems.
Full Report for Deep Understanding is available at : http://bit.ly/1TrA34C
Though prevention and detection of revenue leakage is the primary objective of any revenue assurance system, technologically advanced revenue assurance systems also help companies improve and automate their conventional revenue assurance detection and monitoring processes, and detect and prevent frauds and data inconsistencies.
Products and services based organizations in present times face wide-ranging challenges and struggle with numerous issues – from expanding their consumer base in saturated markets to managing the rapidly rising consumer base in developing markets. Markets with several vendors also present companies with intensely competitive environment that requires innovations and technological developments at a steady pace to gain competitive edge in the market. All these scenarios make companies more vulnerable to revenue leakage and call for the integration of effective revenue assurance tools in their overall revenue management scenario.
Global Revenue Assurance Market: Key Trends and Opportunities
The increasingly complex business environment and practices and the need to adhere to numerous revenue streams are the key driving forces for the global revenue assurance market. The report presents a detailed analysis of the impact of other major drivers, restraints, and trends in the...