RX Assurance
Revenue assurance to protect your bottom line.
In a competitive energy market, it’s crucial for energy retailers to operate at peak financial efficiency.
RX Assurance provides proactive assurance for your billing system and market settlement processes. It acts as an early warning system, catching errors before they turn into financial losses. Plus, our service offers the flexibility to choose the solution that best fits your business needs.
How RX Assurance works
RX Assurance tests bills utilising verified market data to ensure their accuracy and to confirm that invoices are produced for all energy consumed.
1. Aggregate
Draw together historical data from multiple sources to provide a solid history for exception analysis.
2. Detect
Scan current data against historical patterns to identify leaks up & down-stream.
3. Reveal
Exposed revenue leakage and overcharging. Discover gaps highlighting underlying issues and potential write-offs.
4. Resolve
Adjustments raised to billing engine. Network adjustments auto-raised upstream. Internal tickets raised for system improvement.
Benefits
Long-term business improvements
By tackling root cause issues, we enhance data accuracy and quality. Standing Data and Meter Data are matched against business data, to highlight low-level discrepancies and help classify cause.
Data security
RX Assurance is stored in Bravecloud™, which provides multi-layered security to safeguard your information wherever it’s stored or accessed. All Bravecloud™ operations are compliant with ISO27001.
Improve operational efficiency
Boost efficiency with our rapid reconciliation processes that work whilst billing systems are active.
Improve financial performance
Prevent revenue leakage or mistaken revenue gain. Reporting tools and dashboards show reconciliation progress, team efficiency and average handling time.
Improve customer advocacy
Improved bill quality is a driver for prompt payment, helping minimise complaints and lower the cost to serve.
Features
Ready to go features
Out-of-the-box features include business risk mitigation with insightful reporting and dashboards, process automation, and an intuitive user experience with easy-to-navigate interfaces.
Configurable decision trees
Our highly configurable bill reconciliation models identify and report on data analysis outcomes. They highlight leakage or mistaken gain and help classify the root cause of lost revenue.
Action Events
Take learnings from resolving events and feed them back into the billing process to be reflected in the next reconciliation run.
Like what you see?
Get in touch with us and find out more.