Recurring-Revenue

💰 FieldHub automates RMR billing, proration, and revenue recognition. You can schedule future RMR changes and track past ones. This is just one part of FieldHub’s comprehensive suite of tools for accounting, inventory, and sales specifically for the secure and fire industry. 🛠️ There’s a lot under the hood!

There is nothing more important to the value of your business than your monthly recurring revenue (RMR). That value, generally measured as a multiple of the RMR, can be significantly impacted by the quality of the records related to the RMR and its contracts. That is where your operations software can make a big difference.

The value of your RMR can be significantly impacted by:

• The retention over time (reducing terminations)
• The current and typical accounts receivable (AR) age of your RMR invoices
• The clarity and accuracy of your RMR reporting, and how that reconciles with your financial statements
• Covering all of your RMR with customer agreements (See https://www.kirschenbaumesq.com/page/alarm-contract)

Your operations software should help you streamline this process. FieldHub, the industries leading cloud operations and accounting platform, has made the management and reporting of RMR central to their platform. This access and ease of reportability can make a significant difference in your bottom line.