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What is third party lease abstraction and how does it work?
In commercial real estate, contracts can be lengthy and complex documents. Lease abstraction is the process of creating shorter summary documents known as “lease abstracts”, setting out the key terms of a contract in an easy-to-read, standardised
What are the Benefits of Revenue Assurance?
In organisations where revenue streams are diverse and intricately woven, the need for effective financial oversight is critical. Revenue Assurance is a strategic approach that goes beyond financial control, offering a comprehensive framework to safe
What is the Revenue Assurance Process?
For businesses operating in the current competitive environment and unpredictable economic climate, ensuring accurate revenue recognition, and minimising revenue leakage are paramount for sustained growth and financial health. The revenue assuran
A guide to revenue assurance and fraud management
Businesses with complex billing structures are particularly susceptible to revenue leakage and fraud. The intricacies inherent in their financial processes elevate the risk, as the complexity of billing systems that include particularities like disco
What is lease abstraction and why is it important?
In the commercial real estate industry, where contracts are complex documents, often exceeding 100 pages, lease abstraction provides much-needed efficiency and clarity. Understanding these documents day-to-day is a significant challenge, especially f
The role of data analytics in revenue assurance
For businesses with complex financial and billing structures, the role of data analytics in revenue assurance cannot be overstated. Leveraging big data, harnessing the capabilities of machine learning, and tapping into the power of artificial intelli
What is the contract abstraction process and why should you automate it?
In an age where information is paramount, businesses are striving to simplify the complex. As organisations grapple with the relentless influx of information, streamlining intricate processes has emerged as a strategic imperative. One such intricacy
What is the Revenue Assurance Maturity Model?
In the fast-paced world of business, where daily invoicing is the norm, ensuring a robust revenue management system is crucial. The Revenue Assurance Maturity Model is a framework designed to guide businesses in understanding and optimizing their rev