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Recovering Lost Revenue

Sponsored By Harvest Revenue Group

Topics:
Accounting
Budgeting & Planning
Professional Services

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Abstract:
Billing errors account for 0.10% to .020% of lost revenue-or one to two million in lost revenue for every billion in payments or receipts. Automation, once thought to be the solution, has done more to proliferate than correct the problem. The underlying problem is complexity. The more complex the transaction, the more likely errors will occur. However, most companies look for "low hanging fruit"-duplicate payments, open credits, and cash discount errors, while neglecting to review the contracts and agreements against which these payments are made.
DETAILS
Sponsored by:
Released: August 17, 2012
Length: 4 pages
Format: PDF (586 kb)
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