ACI Worldwide powers electronic payments for more than 5,100 organizations around the world and executes $14 trillion each day in payments and securities.Download as PDF
Combined 3 separate billing systems across 4 acquired companies
Manage contracts and automate billing across 55,000 products
Million Transactions /
Integrated 83 distinct usage systems directly into the billing engine
Standardized data for analysis and forecasting across millions of transactions
Extended 98% invoice accuracy from billing-to-invoice to platform-to-invoice
Improved invoice clarity with a single source for contracting and billing
Automated complex usage-based calculations and CPI application
Reduced spreadsheets for usage collection and verification of billing
ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries, as well as thousands of global merchants, rely on ACI to execute $14 trillion each day in payments and securities.
ACI uses complex billing scenarios, modifies contracts frequently, includes periodic price escalations, and processes very high volumes of usage data. As a result of high growth and multiple acquisitions, the company had collected three separate billing systems and 83 different systems for tracking usage. These disconnected systems required extensive spreadsheets and manual processes to ensure accurate billing and invoicing and prevented the company from conducting in-depth analysis and forecasts.
RecVue helped ACI to integrate usage transactions into a single platform for contract management and billing, automate the entire order-to-invoice cycle, and gain insight into the entire population of usage data and billing transactions to identify revenue leakage and potential opportunities for new revenue.
RecVue has helped ACI Worldwide to be in a better position for growth: the billing department now has the flexibility and scalability it needs to manage new pricing and billing models in a high-growth market. By implementing a standard process with RecVue at its core, the company has reduced the time required for the order-to-invoice cycle, increased operational efficiency by eliminating multiple systems and manual processes, and created a single source of cohesive data for advanced analytics and forecasting.Download as PDF