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Follow the smartphone money trail with our infographic below to find out more about where and how high-tech and manufacturing companies could be losing billions of dollars a year.
According to both PricewaterhouseCoopers and KPMG, more than 90 percent of corporate spreadsheets contain material errors, which can cost businesses an estimated $10,000 to $100,000 per error per month. Besides errors, spreadsheets used to track and execute complex pricing incentives can quickly grow unwieldy, and cause miscommunication and delays.
These risks translate into overpayments, underpayments, and duplicate payments that slash margins and can damage channel partner relationships. If your business uses spreadsheets to manage promotions and incentives, you need a solution that automatically tracks milestones and executes payments. With an automated solution, your organization can better protect its revenue, which, as the hypothetical examples of Apple and Samsung show, can have a big impact on your bottom line.
Click here to download the Revitas for manufacturing and technology solution brief to learn more about reducing revenue leakage in your organization.
*Quarterly revenue converted from Korean won to U.S. dollars on Jan. 25, 2013.