“BPI is the only solution for Revenue Recognition. The BPI R2 product is an integrated revenue planning and management solution including forecasting of new product launches; impact of price changes and what if analysis; accruals management and true-ups; and mitigation of audit risk exposure.
BPI Revenue RecognitionTMBPI R2 Product Suite
Foundation and System Utilities:
Prerequisite for all BPI modules. Provides framework for system security, integration, data management, business processes, business intelligence and reporting.
Compliance:
Facilitates setting up, tracking and reporting of member and trading partner commitments. Assesses compliance, leaving time for corrective actions.
Data Management:
Automates the collection of data from disparate data sources into a single repository while validating and organizing data at the appropriate level for processing.
Formula Engine:
Constructs formulas and algorithms that can be used in complex pricing and rebate calculations. Creation of unlimited variables, by defining data sources and processing rules, provides complete control and flexibility.
Organization & Relationship Management:
Defines organizational structures and relationships between business channels, contracts, customers, products and deductions to align with revenue recognition guidelines.
Financial Analyzer:
Performs "what-if" scenario modeling to formulate contracting strategies and financial forecasts. Analyzes revenue impact based on business decisions while evaluating risk assessment and compliance.
Accrual Management & Forecasting:
Establishes accrual rates using historical or projected data by leveraging the forecasting engine's algorithms and models. Provides "best fit" modeling and override capability with complete audit trail for historical comparisons.
Performance & Analytics:
Leverages BI tools to measure performance and evaluates contracting and pricing strategies. Identifies trends and performs root cause analysis to refine strategies to maximize revenue and prevent revenue leakage.
Reconciliation Management (True-Up):
Manages the adjustment and reconciliation of reserve accounts to actual expenses. Monitors reserve balances based on rules and guidelines while providing "true-up" analysis and recommendations.
Report Designer:
Designs, builds and formats reports using drag and drop capabilities allowing users to create ad-hoc queries or customize new and existing reports on demand.
Business Process Management:
Defines business processes, event interpretation and handling. Establishes workflow, approval routing, notification and escalation rules.