Revenue ManagementRevenue Management Software helps companies adhere to sometimes complex revenue reporting standards applied to digital services and subscription-based revenue from contractual or recurring billing. It can help maximize revenue from digital and telecommunications services via analyses of money streams, simplification of billing to reduce churn, and perform other useful tasks for the increase of revenue and decrease of customer churn associated to billing and services.Sage Intacct1https://media.trustradius.com/product-logos/u8/36/IQIL44K5ALCH.JPEGZuora2https://media.trustradius.com/product-logos/xm/gR/PPGPVD6SEELC.JPEGOracle Communications Billing and Revenue Management3https://media.trustradius.com/vendor-logos/VC/02/T4E108T4IWP2-180x180.PNGEricsson Revenue Management4https://media.trustradius.com/vendor-logos/27/uS/WH7NU5WABV2U-180x180.JPEGAccenture Revenue Management5https://media.trustradius.com/vendor-logos/2E/KD/TQAKXPOFD1TI-180x180.JPEGAmdocs Revenue Management6https://media.trustradius.com/vendor-logos/1C/Pq/HQ0X4MQ8UAE4-180x180.JPEGCisco Revenue Management7https://media.trustradius.com/vendor-logos/KP/BJ/EKH5RFTLCO4X-180x180.PNGNokia Revenue Management8https://media.trustradius.com/vendor-logos/gP/Nh/X79VX2MT7999-180x180.PNGPlanhat9https://media.trustradius.com/vendor-logos/FU/OE/GMR50TMGSI9J-180x180.JPEGRevSym10https://media.trustradius.com/vendor-logos/sW/OA/CZD3RG21S16S-180x180.JPEGR1 RCM11https://media.trustradius.com/vendor-logos/ZC/h1/9EVTVSBG9W7H-180x180.PNGFiserv Advantage Fee12https://media.trustradius.com/vendor-logos/vn/NC/GX0XQ8WDVXF1-180x180.PNG

Revenue Management Solutions

Revenue Management Solutions

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

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Sage Intacct

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Top Rated
741 Ratings

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 like Salesforce.

253 Ratings

Zuora is one of the best-known subscription billing platforms. Zuora is an enterprise-level product and, as such, provides comprehensive metrics, tax automation, and support for multiple currencies. It also offers Salesforce and NetSuite integration out-of the-box. It often replaces cumbersome E...

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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.

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Planhat, headquartered in Stockholm, offers their modular suite of applications to subscription based businesses, providing customer success product usage health alerts and guidance, as well as revenue management for tracking subscriptions and business health.

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SAP Sales Cloud (formerly CallidusCloud) offers RevSym, a revenue recognition software for accounting, quota, and compliance purposes.

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R1 RCM headquartered in Chicago offers their end-to-end revenue cycle management application and service to hospitals.

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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.