BDO has an effective, tried, tested and customised approach to assisting our clients with revenue assurance. The approach we take is dependent on the size of your organisation, as well as the specific revenue processes that have been implemented.
The approach we take when delivering our service on revenue assurance includes:
- Identification of revenue-related risks
- Recommendations for addressing the revenue risks identified
- Review of the revenue processes and controls
- Gap assessment of the revenue process and identification of enhancement opportunities
- Review of the measurement and accuracy of the revenue process performance within your organisation
- Identification of possible and historic revenue leakage through use of advanced data analysis.
Through our revenue assurance services BDO will assist you in realising the following benefits:
- Improving your processes around revenue generation
- Detecting and preventing revenue leakage from occurring
- Reducing the operating costs surrounding the revenue process
- Enhancing your cash flow by ensuring that billing is done accurately and in a timely manner.
As BDO we will assist you with answers to the following critical questions that are relevant to your business from a revenue perspective:
- Are all billable events being captured?
- Are we billing accurately for all the billable events that have occurred?
- Is the revenue being recognised (collected) for all the amounts that have been billed?