PALO ALTO, Calif., March 13, 2019 /PRNewswire/ -- RecVue, Inc. today announced that The Hertz Corporation, one of the largest worldwide vehicle rental companies, has chosen the RecVue Monetization Platform to manage billing, commissions, and revenue.
"Leveraging RecVue's technology platform will enable Hertz to continue our digital transformation journey and respond to evolving customer demand," said David James, Vice President, Corporate and Financial Systems, The Hertz Corporation. "We're investing in technology that will position our company for long-term sustained growth."
RecVue's Monetization Platform will enable Hertz to automate key elements of its order to cash process, including contracts, pricing, billing, commissions, and third-party obligations. RecVue will serve as a single system of record that will allow Hertz to report and analyze millions of rental agreements and commissions transactions.
"We are delighted to partner with the team at Hertz," said Nishant Nair, Founder and CEO of RecVue. "As a global enterprise, Hertz has complex business requirements that require technology flexible enough to adapt to business model change and market dynamics. We look forward to helping Hertz to transform their finance operations so that they can capitalize on digital transformation."
"Digital transformation starts with the ability to optimize monetization and, more importantly, to use data to dynamically craft and support new business models," added R "Ray" Wang, Principal Analyst, Founder and Chairman at Constellation Research. "Organizations who are serious about change must start with transforming monetization models and look to a new category of solutions to support that journey."
RecVue delivers the only monetization platform built on big data and designed specifically to address the unique challenges of managing recurring revenue for B2B enterprises. These enterprises need an industrial-grade monetization solution to manage millions of transactions and a very high degree of complexity. RecVue's solution includes data mediation tuned to support high volumes of transactions, a 360 view into the entire contract lifecycle, attribute-based pricing, complete billing-to-invoice capabilities, partner management, and robust analytics and reporting. For more information, visit http://www.recvue.com.
SOURCE RecVue, Inc.