RecVue Blog

News and Highlights

June 12, 2019

Hertz Global Holdings stock jumps more than 8% after new vehicle-subscription service, Hertz My Car was announced

Image result for medium recvue hertz

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May 24, 2019

The Impact of Digital Transformation In Billing Operations

Finance and accounting teams are under greater pressure than ever to deliver new levels of speed, precision, and insight. But they must manage many challenges: accommodating new business models, scaling to higher transaction volumes, keeping up with complicated contractual terms, supporting the sales organization’s creative pricing structures, and new compliance requirements — to name just a few. The faster pace of business means that legacy accounting systems and spreadsheet analysis can no longer reliably keep up.

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May 09, 2019

CFO.com Webinar- May 15, 2 pm ET

Please join us on Wednesday, May 15 at 11 am PT/ 2 pm ET for an interactive panel with CFO Magazine: Driving Digital Transformation in Finance to Bolster Revenue.

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May 02, 2019

Why operational, cultural and technological challenges must be addressed before undergoing a major digital transformation initiative

Many organizations are adopting recurring revenue products and CFO’s and finance leaders are increasingly planning for changes in processes and IT systems.

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April 26, 2019

FEI Webinar- How Recurring Revenue Business Models are Impacting Finance Organizations

Screen Shot 2019-06-11 at 2.18.31 PM

We recently had the opportunity to host a webinar with FEI featuring Kevin Long, VP Global Cash Operations at ACI Worldwide.

In this interactive discussion, Kevin discussed how ACI, a global payments company, struggled to combine 3 separate billing systems and 80-plus usage systems across 4 acquired companies, while integrating with Oracle Financials Cloud. What led them to RecVue was they were looking to adopt digital transformation across the company in order to modernize their operations and capitalize on new business models.

During the webinar we had the opportunity to poll the audience and found that:

  • Only 28% of participants have an active digital transformation initiative in place

Of those that are considering digital transformation initiatives, the following goals were highlighted:

  • Adjusting the business model in response to market disruption- 22.9%
  • Increasing or shifting to revenue streams from subscription or usage-based models- 17.1%
  • Offering more pricing & delivery options for using or acquiring our products and services- 11.4%
  • Updating or replacing the systems we use for finance and accounting- 40.0%

During the Q&A, Kevin discussed the biggest challenge the organization faced in embarking on this initiative:

“Some of the biggest challenges were internal. Having a vision for what we wanted to do was difficult because we had so many internal stakeholders dependent on what we chose to select and implement. In addition, having the vision for our data environment became one of the biggest challenges- master data, governance protocols, how that relates to the contracting process itself, is a common thread all companies face. It is worth the time internally for every organization to have those discussions about what the future looks like before undertaking a major technological investment and business process change.”

We invite you to watch the webinar on-demand here.

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April 18, 2019

RecVue Sponsors MGI Research, Monetize 12, April 25

The Julia Morgan Balroom, San Francisco, CA

We are pleased to be a Diamond Sponsor of Monetize 12 produced by MGI Research. This event is sure to be packed with best practices on how organizations are making the shift to subscription billing, improving Quote to Cash processes, adopting new payment methods, and leveraging platform business models.

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April 17, 2019

Thoughts from COLLABORATE19

Joe Scavotto, Solutions Consultant, RecVue

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April 05, 2019

The Role of Modern Finance and Accounting in Digital Transformation

Presented at Oracle Modern Business Experience

We were pleased to have the opportunity to have Nishant Nair, CEO, RecVue deliver a presentation on digital transformation and the impact on finance teams in this journey.

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March 28, 2019

RecVue Sponsors COLLABORATE 19 — OAUG Forum, April 7–11

RecVue is headed to San Antonio, TX, for COLLABORATE 19 — OAUG Forum and we would love to meet you there.

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March 21, 2019

Digital Transformation and the Role of the CFO, Part 2

In this week’s post on Digital Transformation and the Role of the CFO, we are sharing a recent article in Chief Executive Magazine by Sandy Cockrell III, national managing partner of the U.S. CFO Program for Deloitte LLP.

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