autorek

Complete, Accurate and Timely Revenue Billing Collection

AutoRek can perform a variety of roles to ensure the completeness, accuracy and timeliness of revenue billing and collection. In agency and brokerages, the matching of business placed to a market or supplier on behalf of a client to the amount billed to the client is a core control. Businesses such as travel agencies, telecommunication and insurance businesses must ensure that what is billed to them is passed on to the customer. In these high volume businesses that process of revenue assurance requires constant monitoring and reconciliation.

Many businesses act as a conduit for transactions requiring to ensure that the bills that they settle are valid and attributable to a client and secondly, that the client has been in turn billed.  Several examples include:

• Estate agency advertising from magazines and newspapers
• Advertising agencies from all media to clients
• Travel agencies to corporate clients
• Travel agencies commission from hotels
• Telecoms minutes recharged from other networks
• ATM transaction fees
• Brokerage premiums and commissions

AutoRek will immediately connect charges received with any billing or middle office system and match them instantly (the values may or may not be the same depending on mark-ups etc). In this way, for example, a corporate travel agent can accept or reject a charge from an airline billing system instantly if the client had cancelled the trip or will identify that a trip has been taken but has not been billed to the corporate client. Using our extensible data set we can match on values, volumes, transaction dates, names, inventory items, commission rates to fit the exact business need.

It’s the hardest part of any business to win work and second hardest to reduce costs..... surely you owe it to yourself to make sure that you are billing everything you should as quickly as you can?

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To find out more please Contact Us with your enquiry.