Revenue Enhancement In Business

Providing upfront revenue management rapid assessments to build the business case for transformation developing implementable revenue management enhancement strategies enhancing municipal revenue through improving core revenue processes systems data quality skills and organisational structures.

Revenue enhancement in business. However primary focus for increased profitability is often given to cutting costs. If the revenue enhancement is implemented the revenue collection rate should increase by 30 per year to reach an acceptable level with in three years. Taking into account the application of sound indigent policies that the municipality has adopted the revenue collection rate should be stretched to a target of 90 within the next three years. Makhado local municipality second draft revenue enhancement strategy 24 july 2007 5 the above debt should be approached as follow 1.

A recommendation is however made to lobby for the increase of powers and functions. Start with the priority areas in the following sequence 1 business 2 sundry 3 government. The main objective of the webinar was to inform the business sector about the revenue enhancement programme offered by the city and investment opportunities and avenues available within the city. That s not incorrect because revenue enhancement is traditionally a term used by governments to raise taxes or lower deductions and credits but it has a different meaning in business.

Initially benefits can be achieved with a cost savings strategy but after low hanging fruit is harvested the benefits from this effort can be detrimental to the long lasting health of the business. Some of the ways that the government can raise more revenues include. Revenue enhancement for governments. Higher mrr arr and revenue can all come from performing revenue enhancement on your current customers.

The government is continually in need of more revenue each year to improve infrastructure improve healthcare address inequality and guarantee retirement security. In private businesses revenue enhancement means boosting revenue. When you think revenue enhancement your mind may naturally wander to the government. Revenue enhancement strategy 2.

Let s say you cross sell a 100 add on to 50 customers this year. That revenue enhancement gives you a 5 000 higher mrr that s a 60 000 increase in arr from a cross or upsell.