MGI Research, an independent research and strategic advisory firm delivering insights on monetization, has conducted extensive research on how organizations process data in their billing systems. They estimate that 50% of total revenue leakage in organizations is related to data issues, and that data challenges are a leading cause of billing project failure.
MGI Research also discusses how organizations need to rethink how they solve business problems and make data a priority. They give practical tips on how to create a data management approach, assign budgets, and develop metrics of success.
DigitalRoute has the only platform that is purpose built to convert raw usage data into billable items. This enables companies to capitalize on the growing wave of usage-based business models. More than 400 companies rely on our platform for usage-based monetization, quote-to-cash automation, finance system consolidation and telecom mediation. We deliver extreme precision in the most complex environments in the world. We’re the new standard for usage-based revenue.