Revenue Management Solutions
Revenue Management Solutions Overview
What are Revenue Management Solutions?
Revenue management solutions help businesses manage variable pricing for products and services. Revenue management solutions also help businesses record, report, and understand their transactions.
In many industries, a business can optimize their revenue by varying the price of a product or service based on time, location, and customer type. Making an informed decision about these factors requires proper analysis of a large amount of data. Once the decision is made, the price variation must be reflected properly in the business’s offerings.
Revenue management solutions aim to help businesses make and execute these pricing decisions. Most vendors offer products that capture, refine, and analyze customer data. Businesses set rules determining how this data should affect pricing, and the software executes pricing changes. Many revenue management solutions include billing functionality, allowing the software to process, record, and analyze customer transactions.
Some revenue management solutions focus on revenue recognition rather than data-driven pricing. These products are designed to account for revenue in accordance with generally accepted accounting principles (GAAP) and provide real-time GAAP reports. These products often contain accounting book features designed to comply with accounting and reporting standards.
Most revenue management solutions are tailored to the needs of a specific industry. For instance, telecommunications companies and airline companies care about different data and offer different product configurations.
Revenue Management Features & Capabilities
Most revenue management solution vendors include the following features:
Data collection, sanitization, and analysis
Customizable product bundles and tiers
Rules-based pricing, bundling, and tier management
Personalizable offers, promotions, and discounts
Forecasting for recurring revenue
Revenue recognition
Revenue reporting
Pricing Information
Pricing for revenue management solutions varies based on feature set and customer count. Prices can range from under $600.00 to over $1,250.00 per month.
Revenue Management Products
(1-23 of 23) Sorted by Most Reviews
Sage Intacct
Sage Intacct is a cloud ERP system targeted at high-growth small and medium-sized businesses. Intacct includes applications for core financials and accounting, purchasing, order management, and financial reporting and business intelligence. It also integrates with 3rd party software…
ClientSuccess, from the company of the same name in Lehi, is presented by the vendor as a simple yet sophisticated solution for CSMs, and the Executive team. For the CSMs, ClientSuccess brings together the tools, best practices, insights and analytics needed to proactively manage…
Tridens Monetization is designed to enable service providers to quickly launch digital subscription and usage-based services that differentiate against competitors, develop recurring revenues, and deepen customer relationships. Moreover, Tridens Monetization enables automation of…
Modernizing Medicine® offers the data-driven, specialty-specific EHR system, EMA®, and healthcare IT suite including Practice Management, Business Operations Services, Analytics, Image Management, ASC electronic reports (for ophthalmology), modmed® Kiosk, patient portal, patient…
Amdocs offers billing and revenue management software for telecommunications to maximize monetization of services.
Nokia offers Revenue Management software oriented to innovate subscription services and maximize customer satisfaction and personalization of services.
Nextech Systems in Tampa, Florida offers Nextech EMS, an electronic medical records system and practice management software for medical specialists in the area of plastic surgery, opthalmology, and dermatology.
Cisco offers recurring revenue management software, presently branded Cisco Impact, helps organizations make data-based decisions to maximize recurring revenue.
Accenture Revenue Management software is part of their suite of service and consulting offerings for telecommunications company, to streamline operations and maximize revenue from service billings.
Ericsson's Revenue Management solution provides a platform for analyses of billing and money streams for optimal building of service packages for maximizing revenue and seize business opportunities inherent in the data.
Advantage Fee from Fiserv is a comprehensive customer billing and revenue management solution, which helps financial services organizations worldwide to support flexible, highly complex and fast-changing fee structures with efficient, controlled invoicing.
The Revenue Performance Advisor from Change Healthcare (formerly Emdeon) headquartered in Nashville provides end-to-end revenue cycle management software solution for physician practices, labs, home health, medical billing services and other providers wanting to simplify workflows,…
Adptx Suite is presented by the vendor as a smart billing and subscriber management and monetization platform, which enables service providers to offer recurring revenue management, subscriber management and out-of-box integrations with provisioning platforms.
PwC Performance Analyzer is a solution designed to transform consumer packaged goods companies’ revenue management capabilities. The vendor presents it as a unified analytics platform that helps users set a course toward increased revenue, ROI and efficiency.
Avenu Insights & Analytics, headquartered in Centreville, offers software solutions for administration and revenue enhancement designed to enable jurisdictions to provide digital government that meets expectations of citizens, employees and elected officials.