In the past we have heard a whole range of statistics for Revenue Assurance. the percentage of Revenue Leakage (are you familiar with the famous 1- 15% ?), the percentage of acceptable Revenue Leakage, etc.
The problem with most published information is that at the best of times it is based on conversations and experience and at the worst of times it is based on pure imagination, and wishful thinking. What it was never based on was a rigorous and unbiased study (don’t even try to convince me that a “20 minutes to complete” survey without exact metric definitions is rigorous benchmarking – sorry no links here - it quite simply is not). Now for the first time a serious organization, the TeleManagement Forum (TMF), is taking a serious step toward a reliable benchmark in their RA benchmarking survey
I cannot claim impartiality regarding this survey, I am one of the many persons that worked on defining the Revenue Assurance Standard KPIs (RASK) proposed by the TMF which are at the core of this benchmarking; I think we did a good job setting 20 standard strategic KPIS that cover 3 important aspects, the leakages, the coverage of RA activities, and the efficiency of RA in the organization.
I must admit that in the past I did not really believe that Service Providers (SPs) would be willing to participate in such a study; to my surprise many SPs were more than willing to participate. The question is, why? SPs need to understand their situation vs. the industry and need to report their management in a reliable and agreeable way (and it is really difficult to convince management of your numbers , if you are the one that decided how and what to measure) – so RA practitioners embrace the concept of having standard KPIs and using them for benchmarking. The good news is that this study is open to all the TMF members.
Being the first RA benchmarking survey organized by the TMF, the TMF is willing to invite a limited number of non members to participate free of charge. Again I am biased, I am involved , and I am all in favor of this study, but I sincerely believe that it is an important opportunity for our industry- so I will end by preaching to all you SPs out there that by participating, you will both contribute to the industry, and benefit yourself. So go on, BE A PART OF THIS RA BENCHMARKING STUDY!
