Fee Invoicing and Revenue Recognition Engine (FiRRe)
The Fee Invoicing and Revenue Recognition Engine (FiRRe) system helps simplify billing processes. It can automatically produce invoices according to a schedule or on-demand. FiRRe also produces reports to user-specified parameters and performs forecasting to track income as accurately as possible. By seamlessly integrating into existing systems, FiRRe helps to capture revenue more efficiently and accurately.
Features
- Calculates fees and expenses
- Generates custom invoices and reports
- Tracks and ages open receivables
- Accepts data feeds from host systems and provides data feeds to update G/Ls
- Manages revenue
- Performs forecasting
Benefits
- Simplifies operations by managing billing and invoicing
- Integrates seamlessly into existing systems
- Generates flexible, online documentation for easy modification
- Allows creation of forecasts based on fee structures
- Provides user-defined tables for GL accounts, cost centers, and administrators