Stratecast | Frost & Sullivan Report [EXCERPT]
Communications Sector Financial Assurance Global Market Perspective and Razorsight Profile
For the past 10+ years, revenue assurance (RA) has been associated with reducing the level of revenue “leakage” from the flow of data between a CSP’s systems and through its business processes, most notably within the billing and partner management functions. As problems were identified and resolved, new ones were recognized and the role of RA expanded. For most organizations today, in addition to traditional revenue leakage issues, RA includes fixed and variable cost analysis weighed against collected revenue—margin analysis.
Stratecast has taken a deep dive into the “communications service provider (CSP) financial assurance sector.” Financial assurance (FA) is an integral part of revenue accountability, regulatory compliance, and profitability optimization. There are nearly 30 global suppliers offering software-based solutions within this growing business management area today.
The FA solution supplier market shows a high promise for growth with greater than a 10% projected five-year compound annual growth rate (CAGR). Stratecast attributes this to support for new business models, and the increasing need by service providers to work closely with strategic partners and suppliers to keep pace with rapid industry change. Automated data analysis tools, such as those supplied by Razorsight, are the subject of this report.