Xfactrs Launches Revenue Leak Detection Tool
Xfactrs tool helps services firms track revenue leaks with AI.
In brief
Xfactrs tool helps services firms track revenue leaks with AI. Xfactrs' AI platform detects $50m in uncollected revenue across services firms by linking contract, project, and billing systems. Originally reported by Pymnts.
Xfactrs debuts revenue leak tool
Xfactrs expands revenue tracking software for services firms to plug revenue leaks between sold, contracted, delivered and billed items.
“Services revenue has a unique challenge. The contract, project, timesheet, resource and invoice may each sit in a different system.”
25% revenue leakage risk
John Ragsdale estimates services firms face up to 25% revenue leakage due to gaps between contracts, delivery and billing.
“revenue leakage in services organizations can reach around 25%”
AI monitors transactions
Xfactrs AI links CRM, contracts, project systems, time tracking and invoicing to detect revenue leaks in real time.
“The artificial intelligence (ai) controls and anomaly detection continuously compare what should have happened with what actually happened.”
50m uncollected revenue
Xfactrs platform has detected over $50 million in uncollected revenue across its customer base using real-time tracking.
“the platform monitors millions of transactions and has detected more than $50 million in uncollected income across its customer base.”
The bottom line
Xfactrs' AI platform detects $50m in uncollected revenue across services firms by linking contract, project, and billing systems.
