INDUSTRY REVENUE RECOVERY
Revenue Recovery for Professional Service Firms
Professional service revenue often depends on time entries, milestones, retainers, project scope, and negotiated rates. Revenue Recovery AI helps firms organize those records so unbilled or underbilled work can be reviewed without assuming every recorded hour is chargeable.
Common revenue leakage patterns
Gaps can arise from approved time never invoiced, outdated billing rates, missing milestone fees, partial client payments, or retainers applied incorrectly. Fixed-fee projects, write-offs, scope caps, courtesy discounts, and nonbillable work can make a raw time difference misleading.
Evidence and workflow to review
Useful records include engagement letters, statements of work, rate schedules, time records, milestone approvals, invoices, retainer ledgers, credit notes, and payment history. Confirm billable status, authorized rates, and caps before creating a recovery case.
Related revenue leakage reviews
HUMAN-CONTROLLED RECOVERY
Keep engagement terms attached to every recovery decision.
Professional, legal, and accounting obligations remain with the firm.