Day: September 6, 2022

If you thought revenue leakage happens only when you don’t bill or underbill your customers, you’re wrong! Today, with business operations getting so complex, revenue leakage is a growing concern across every stage of the manufacturing and fulfillment lifecycle.

The manufacturing and industrial sector have seen a fair share of disruption even before the whole world of work got upended by the COVID-19 pandemic. Changing customer preferences, dynamic market forces, increasing competitiveness, and continuous disruption have been increasing the pace of change.

Complying with safety regulations is a challenge for most companies, but even more so for large manufacturers. The consequences of non-compliance are huge too. According to a Ponemon-Global Scape report, the annual cost of non-compliance with regulations has increased by 45%. This can range anywhere from $2.2 million to $39.2 million.